Feeds

Apple to reveal plans on Monday for $97.6bn cash hoard

Dividends expected – but what else?

Remote control for virtualized desktops

Apple released a brief announcement late Sunday afternoon, Cupertino time, that it would hold a conference call and webcast on Monday morning to talk about plans for its jumbo, humongous, Brobdingnagian, elephantine, and gargantuan cash hoard.

That pile of cash, cash equivalents, and marketable securities sat at $97.6bn as of the end of Apple's last fiscal quarter. And seeing as how the Top-10 hits just keep on a-comin' for those top-of-the-pop-crop Cupertinian stylists, there's no reason to believe that Apple's cash holdings will shrink when the company makes its next SEC-required financial disclosure in late April or early May.

When announcing Monday's conference call, Apple noted that it would be hosted by Apple CEO Tim Cook and CFO Peter Oppenheimer, and that it would "announce the outcome of the Company’s discussions concerning its cash balance."

That announcement also noted – in accordance with investor niceties, and possibly to quash any speculation that guidance for the current quarter might be adjusted – that "Apple will not be providing an update on the current quarter nor will any topics be discussed other than cash."

One assumes that at least one focus – and perhaps the major one – of Cook and Oppenheimer's announcements will be a cash dividend for stockholders, a move that Cook's late boss, Steve Jobs, was not keen on. When Apple's stock hit $500 per share at the end of last month, for example, Bloomberg predicted that Apple would distribute $7bn in dividends this year – a quarterly dividend of about $2 a share.

We'll see. Other possibilities include acquisitions, and maybe even – don't hold your breath – the establishment of an Apple Foundation philanthropic arm. After all, eleemosynary-minded Cook is known to believe in public philanthropy more than did Jobs.

But we'll find out on Monday. The conference call will be held at 6am Cupertino time – an ungodly hour for us denizens of Vulture Annex here in San Francisco, some 45 miles north of One Infinite Loop – but we'll catch it and fill you in.

Stay tuned – especially if you own some Apple stock. ®

Intelligent flash storage arrays

More from The Register

next story
Bada-Bing! Mozilla flips Firefox to YAHOO! for search
Microsoft system will be the default for browser in US until 2020
NSA mass spying reform KILLED by US Senators
Democrats needed just TWO more votes to keep alive bill reining in some surveillance
Be real, Apple: In-app goodie grab games AREN'T FREE – EU
Cupertino stands down after Euro legal threats
'Cleantech' a dirty word for VCs? RUBBISH!
They just think the current schemes are terrible
prev story

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Top 5 reasons to deploy VMware with Tegile
Data demand and the rise of virtualization is challenging IT teams to deliver storage performance, scalability and capacity that can keep up, while maximizing efficiency.