Apple, Microsoft and Cisco Systems.
I want you to attempt to create a link between these companies capital budgeting and capital expenditure decisions over the years and what products they invested in, and what consequences they experienced due to those decisions. You can simply determine the Company’s capital budgeting decisions, the sources and the associated cost, and how that money was invested by looking at its financial statements, popular press, or what you already know about the Company.
Does Microsoft's big bet on Nokia and the capital invested justify the risks? What direction of capital budgeting has Apple taken versus a Google that has bet heavily on Android?Also, include discussion points on how the recent tax law reform could potentially change the capex investing going forward.