Apple's sitting on a considerable pile of cash -- nearly $100 billion -- and they've scheduled an early morning conference call to discuss what they plan to do with it. Word of their financial machinations happened to break before the call though, as a release from the Cupertino company just hit the wires stating that they intend to issue dividends to their shareholders as well as kick off a share repurchase program later this year. ?We have used some of our cash to make great investments in our business through increased research and development, acquisitions, new retail store openings, strategic prepayments and capital expenditures in our supply chain, and building out our infrastructure," said Apple CEO Tim Cook. ?Even with these investments, we can maintain a war chest for strategic opportunities and have plenty of cash to run our business."Source: http://feedproxy.google.com/~r/Techcrunch/~3/WWD8KTQrmN0/
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