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.