Apple to announce plans for its $100 billion cash reserves today

Apple has money, a lot of money, a LOT of money. In fact they are getting up close to $100 billion as of it’s last earnings report. Apple issued a press release last night to announce that they will have a conference call with CEO Tim Cooks and CFO Peter Oppenheimer.

Speculations are flying all over the internet about what Apple will buy for the $100 billion. Will they acquire some of their competitors? Will they buy every single mobile phone manufacturer on the planet (they can!)? Will they build a huge memorial for Steve Jobs by their new Cupertino head office?

We will see in some hours when the press conference is over and Tim Cooks have spoken.

In the meantime what do you think?