Mar 19 2012, 2:47am CDT | by Luigi Lugmayr
Apple issued a media alert on the weekend announcing a conference call for today, Monday March 19. Tim Cook, Apple’s CEO, and Peter Oppenheimer, Apple’s CFO, will host the call to announce the outcome of Apple's discussions concerning its cash balance. It is long rumored that Apple might finally pay a dividend to its shareholders. Apple could though also do entirely different things with the huge amount of cash in the bank. We are talking close to $100 billion.
Apple could buy back stock in a big way or announce some other strategy on going forward with the cash the company makes from iDevices. A dividend would make the Apple Stock even more attractive to hold and will send it stock price up to the predicted $1,000 even faster.
I expect big movements of the Apple Stock today. The Apple conference call is at 9am Eastern. The dial-in number for press is (877) 616-0063 (toll-free) or (719) 219-0041. Please enter confirmation code 592016.
Apple just issued a press-release announcing a dividend ahead of the scheduled conference call. Apple plans to initiate a dividend and share repurchase program commencing later this year.
“Even with these investments, we can maintain a war chest for strategic opportunities and have plenty of cash to run our business. So we are going to initiate a dividend and share repurchase program.”
Luigi Lugmayr (Google) is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at firstname.lastname@example.org.
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