I'm only new to reading these reports, but doesn't section 9 (next quarter spend) suggest that they are increasing their expenses a lot (R&D etc.)? I wouldn't think that they would hold 3.5 years cash (instead they would ramp up), and the ramp up that they should in the next quarter would suggest that they probably aren't going to start buying more companies (at least not with the money they have on hand today).
Having said all that I'm super new and probably have no idea.
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