Apple to Hold Call on Cash Holdings

CUPERTINO, Calif. (TheStreet) -- Apple (AAPL) will hold a conference call Monday morning to address what has become one of the biggest questions for the company: What will it do with all of its cash?

The company published a brief investor alert on its Web site Sunday saying the 9:00 a.m. EDT conference call will "announce the outcome of the Company's discussions concerning its cash balance."

Apple CEO Tim Cook and CFO Peter Oppenheimer will host the call.

The Cupertino, Calif.-based tech giant now has approximately $100 billion in its cash hoard, and many investors expect it to begin issuing a dividend.

The company's third-generation iPad went on sale Friday, but investors and observers hoping to get a sales update on the tablet device will be disappointed. Apple says Monday's call will be limited to a discussion of its plans for its cash.

Apple shares closed up 1 cent at $585.57 Friday.

This article was written by a staff member of TheStreet.

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