Update: The call has taking place.
Dividend:
Quarterly Dividend of $2.65 in Sept quarter. Record and payment day in July., first year payments could be over $10 billion, majority of cash to pay dividends. largest in US.
Share Buyback:
Dec Quarter share repurchase $10 billion in 3 years! Employee equity program, $4 billion.
Will be reviewed. Will continue to do what is best for stakeholders. To neutralize shares.
To maintain enough US cost.
There is talk about the domestic US cash vs international cash. War chest to do things they want to do. They felt it would be the right action to issue a dividend.
$45 billion used in the first 3 years.
$16 billion generated in 2012 so far first quarter.
1. To maintain investment opportunities
2. Income for long term
3. Attract investors
4. Long term of Apple
Board declaration
No magic numbers.
– No stock split. very little research to support. But they continue to look into it. if it is in best interest of Apple and shareholders.
– Record weekend sales of new iPad sales!
– Both Peter and Tim are confident that the new “stuff” coming down the pipeline will please Apple customers.
There is much speculation in what Apple will do with $100 billion in cash.
Will it be something with non-profits or philanthropic?
A new product?
Acquisition, perhaps buying twitter or Spring?
Fund for others to build something?
A dividend (which hasn’t been paid in nearly 17 years)?
The odds are that it will be a dividend, announced before the market opens on a Monday!
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. EDTREBROADCAST: 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.
Apple designs Macs, the best personal computers in the world, along with OS X, iLife, iWork and professional software. Apple leads the digital music revolution with its iPods and iTunes online store. Apple has reinvented the mobile phone with its revolutionary iPhone and App Store, and is defining the future of mobile media and computing devices with iPad.
