Tim Cook: Apple has more cash than it needs

During the company’s annual shareholders meeting on Thursday, CEO Tim Cook acknowledged that Apple has more money “than we need to run a company.” Apple’s board is currently engaged in “active discussions? about what to do with the $100 billion in cash it has on hand, hinting at the possibility of a dividend. “The board and management team are thinking about this very deeply,? Cook said. A dividend returns a portion of the company’s�profit�to shareholders, and the last time Apple paid one was in 1995 prior to the return of Steve Jobs. Investors have pushed the company to again pay a dividend, hoping it will boost Apple?s stock price by bringing in a new breed of investors, reports Bloomberg. “You

Source: http://www.bgr.com/2012/02/23/tim-cook-apple-has-more-cash-than-it-needs/

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