Feeds

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

Dividends expected – but what else?

Providing a secure and efficient Helpdesk

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. ®

Providing a secure and efficient Helpdesk

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Apple CEO Tim Cook: TV is TERRIBLE and stuck in the 1970s
The iKing thinks telly is far too fiddly and ugly – basically, iTunes
Huawei ditches new Windows Phone mobe plans, blames poor sales
Giganto mobe firm slams door shut on Microsoft. OH DEAR
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Show us your Five-Eyes SECRETS says Privacy International
Refusal to disclose GCHQ canteen menus and prices triggers Euro Human Rights Court action
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
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?
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.