Apple Schedules Event To Discuss $100 Billion Cash Plans
Apple notified the media yesterday about a conference call they will be holding with Apple`s CEO Tim Cook and CFO Peter Oppenheimer today. The call will take place at 9 a.m. EST, and will be focusing on what the company discussions have produced with regards to Apple`s insane amount of money in cash flow about the sum of $100 Billion USD.
Apple has been no slouch when it comes to innovating products over the last decade, or for the last 4 decades for that matter. Recently, however, Apple has seen new heights of popularity and business savvy with their continuous successful launches of products, including the most recent iPad (3rd generation). All of these hot selling products has led many to ask what Apple would do with such a massive amount of extra cash. Many experts and investors would hope that the most discussed option will be to start paying dividends to Apple`s shareholders, which seems most likely.
We`ll find out today what their plans are, just a tidbit after the NYSE opens morning bell. Who knows, we may see AAPL (Apple:NYSE) stay over $600 per share after this news.
The official Press Release is below.
Apple Conference Call
WHAT: Tim Cook, Apple's CEO, and Peter Oppenheimer, Apple's CFO, will host a conference call to announce the outcome of the Company's discussions concerning its cash balance. Apple® will not be providing an update on the current quarter nor will any topics be discussed other than cash.
WHERE: Via conference call. The dial-in number for press is (877) 616-0063 (toll-free) or (719) 219-0041. Please enter confirmation code 592016.
WHEN: Monday, March 19, 2012 at 6:00 a.m. PDT/9:00 a.m. EDT
REBROADCAST: The conference call will be available as a continuous rebroadcast beginning Monday, March 19 at 9:00 a.m. PDT/12:00 p.m. EDT through Monday, April 2 at 9:00 a.m. PDT/12:00 p.m. EDT. The dial-in number for the rebroadcast is (888) 203-1112 (toll-free) or (719) 457-0820. Please enter confirmation code 6274937.Continued on the next page