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Apple EU Ruling Could Threaten U.S. Tech Firms' Cash Stash

Apple's (AAPL) tech rivals with large cash hoards overseas should be concerned by the European Commission's $14.5 billion tax ruling against the tech giant.

Moody's Investors Service said in a Wednesday note that if the ruling indicates a broader shift in Europe's policies, companies such as Microsoft (MSFT) , Google-parent Alphabet (GOOGL) , Cisco (CSCO) and Oracle (ORCL) could eventually face higher tax bills.

Apple, Cisco and Alphabet are holdings in Jim Cramer's a>