RR Phantom
Location : Wasted Space Job/hobbies : Cayman Islands Actuary
| Subject: Via AnCaps: Apple to decide fate of $93b cash stash - Hey, make a donation here! Mon Mar 19, 2012 5:09 am | |
| Apple will say tonight what it intends to do with the hoards of cash it has been holding for its future.
The company has an estimated $US98 billion ($92.5 billion) in cash and securities with investors calling for it to be released or put to work. Apple's business has been going from strength to strength at the hands of new CEO Tim Cook.
Wall Street is tipping Apple will return cash to shareholders, taking their cue from Cook's comments about "active discussions" at the top levels about the matter.
Read more: http://www.smh.com.au/business/world-business/apple-to-decide-fate-of-93b-cash-stash-20120319-1vetd.html#ixzz1pYIGZJAI
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