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Apple holding conference tomorrow to reveal its decision on what to do with $97 billion cash

Written by Andre Yoskowitz (Google+) @ 18 Mar 2012 23:10 User comments (10)

Apple holding conference tomorrow to reveal its decision on what to do with $97 billion cash Apple announced earlier today that it has made a decision on what to do with its almost $100 billion in cash.
As of the company's latest quarterly earnings report, the company now has $97 billion in cash and cash equivalents on their books, more money than even the U.S. government has on hand.

Reads the tech company's investor page: "Tim Cook, Apple's CEO, and Peter Oppenheimer, Apple's CFO, will host a Conference Call on Monday, March 19, 2012 at 6:00 a.m. PT 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."

Many feel the company will give a special one-time dividend to investors, although there are many other options and routes the company can take.

You can listen to the call tomorrow here: Apple Conference Call

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10 user comments

118.3.2012 23:38

Why don't they give their Foxconn workers a nice fat bonus? They are obviously done innovating.

219.3.2012 0:21

Just read an article that speculated they should buy Twitter and Square...would be great purchases if accurate.


319.3.2012 1:59

they should burn it. would help out every single human being in the world

419.3.2012 2:26

Make their own apple and compete in the food industry.


"Cable thief is a victimless crime."

519.3.2012 9:51

Why not buy out Greece and rename it 'The Republic of Apple'?

This message has been edited since its posting. Latest edit was made on 19 Mar 2012 @ 9:53

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619.3.2012 11:01

End World hunger?

719.3.2012 11:03

Originally posted by Morreale:
Why not buy out Greece and rename it 'The Republic of Apple'?
Hahaha! I could almost see them trying that..or buying the International Space Staion. iSpace?
Or maybe buying a patent on air, so we each have to pay to breath.
This message has been edited since its posting. Latest edit was made on 19 Mar 2012 @ 11:04

819.3.2012 13:56

A phone call that revolves around nothing except money. Now wouldn't I find that surprising in the slightest? That's all they talk about & I'll guarantee you it isn't with regards as to how to give it back to anybody lower on the food chain.

Originally posted by DVDBack23:
Just read an article that speculated they should buy Twitter and Square...would be great purchases if accurate.
Any more bad science fiction from another peanut gallery about a corporation vying for global domination & I'm going to vomit. "Let's stick our fingers in more people's asses because we've BSed ourselves into thinking we can do a couple of things 'so' right" has been the death of so many social orders it isn't even funny. History has proven that theory time & again.


919.3.2012 20:53

i like the idea of ending world hunger.I'm assuming they will invest some of it and the rest will go to giving the bosses a fat bonus.

apple is a business not a charity so unfortunately i dont think they will help out the poor and struggling people.


custom built gaming pc from early 2010,ps2 with 15 games all original,ps3 500gbs with 5 games all original,yamaha amp and 5.1channel surround sound speakers,46inch sony lcd smart tv.

1021.3.2012 1:00

They should take that money.
Lube it up real good.
Turn that sun-a-beach sideways.
And stick it up! Their candy @ss!!

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