Apple has announced that it will hold a conference call tomorrow morning to discuss the company’s plans for its approximately $100 billion in cash reserves. The announcement will occur at 6AM Pacific / 9 AM Eastern time, and the discussions will be led by Apple CEO Tim Cook and Apple CFO Peter Oppenheimer. Apple specifically notes that the call will be focused on Apple’s decision, not on the current quarter or topics besides the company’s cash reserves.
Apple says that the press can dial in at (877) 616-0063 (toll-free) or (719) 219-0041. They must enter confirmation code 592016. However, anyone can listen in via Apple’s QuickTime streaming website. Apple’s cash reserves have been a long topic of discussion as Apple has continuniously said that it is pleased with its reserves, but is not ready to announce what they plan to do with the money. An Apple dividend has been long expected, but other than that, not much has been rumored.
We’ll be covering the call live tomorrow morning. Apple’s full press release is after the break.
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
REBROADCAST: The conference call will be available as a continuous rebroadcast beginning Monday, March 19 at 9:00 a.m. PDT/12:00 p.m. EDT through Monday, April 2 at 9:00 a.m. PDT/12:00 p.m. EDT. The dial-in number for the rebroadcast is (888) 203-1112 (toll-free) or (719) 457-0820. Please enter confirmation code 6274937.
WEBCAST: Apple will provide live audio streaming of its conference call using Apple’s industry-leading QuickTime® multimedia software. The live webcast will begin at 6:00 a.m. PDT on March 19, 2012 at www.apple.com/quicktime/qtv/call31912 and will also be available for replay for approximately two weeks thereafter. The webcast is available on any iPhone®, iPad®, iPod touch® or any Mac® or PC running QuickTime 6 or later. If you do not have QuickTime installed on your Windows PC, it is available at www.apple.com/quicktime.
This recording is the property of Apple and protected by U.S. copyright law and international treaties. Any reproduction or distribution is strictly prohibited without prior written approval from Apple. Please contact Apple Public Relations or Investor Relations with any questions.