Apple will host a conference call Monday morning to disclose what it will do with its large cash hoard.
CUPERTINO, Calif. (TheStreet) -- Apple(:AAPL) said Sunday that it 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 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 tablet device went on sale Friday, but followers of the company won't get on update on its sales or the company's progress elsewhere. The investor alert said the call would be limited to a discussion of Apple's cash.
Apple shares closed up 1 cent at $585.57 Friday.