Apple to hold conference call March 19, will announce plans for its massive cash reserves

Apple has announced that it will hold a conference call tomorrow, Monday, March 19, to discuss the company’s plans for its nearly $100 billion in cash reserves. The call will take place at 6 a.m. PST/ 9 a.m. EST, and will be hosted by CEO Tim Cook and CFO Peter Oppenheimer. Many have speculated that the company could be issuing a dividend, while others have suggested that Apple may announce a stock buyback. It’s also possible that the company has made a significant acquisition. Either way, tune in tomorrow to hear the mystery unfold.

Press release below:

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

Source: Apple

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