Posted by: Brett
Apple’s cash pile has been increasing lately due to the popularity of it’s mobile products and most stockholders have pondered on what they’d do with the almost $100b lying around. Well tomorrow morning, CEO Tim Cook and CFO Peter Oppenheimer will be holding a conference call to discuss Apple’s usage plans for the money.
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
Stay tuned as I’ll be reporting on the plans as they’re announced.