Apple to announce plans for $100 billion cash reserves

Big business news from Engadget:

A slew of successful, high margin products have left Apple sitting on an almost unimaginable amount of money — $97 billion as of its last earnings report — and led to the natural question of just what to do with it. According to a press release just issued, we’ll all find out about “the outcome of the Company’s discussions” tomorrow on a conference call with CEO Tim Cook and CFO Peter Oppenheimer at 9AM ET. What does $100 billion or so of iMac, Macbook, iPhone and iPad money buy?

We’re guessing they won’t be buying many Green Energy companies. We’re also guessing they won’t be keeping them in greenbacks.

Update:

https://twitter.com/#!/soflaliving/status/181721720086990850

Another update from Engadget.

Related news on iPad sales:

https://twitter.com/#!/larrytron/status/181734785968910336