The following is an excerpt from JESSICA E. VASCELLARO | March 19, 2012 | WSJ.com |
Apple Inc. AAPL +2.16% shareholders are about to get an answer to one of their most pressing questions: What will the technology giant do with its roughly $100 billion in cash?
The Cupertino, Calif., company said late Sunday that it would hold a conference call Monday at 9 a.m. to disclose what it plans to do with the huge cash pile, of which shareholders have been increasingly demanding a piece.
At Apple’s annual shareholder meeting in February, Chief Executive Tim Cook said the company had been thinking about its cash “very deeply,” and is actively discussing strategies for managing it with the company’s board. “It’s a lot,” he added. “It’s more than we need to run the company.
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