Apple’s cash mountain

Apple currently has $100 billion in cash, which is probably more than the US government holds at any given moment. The company has scheduled a conference call for 9am EST today, which many observers think is going to be about its plans for that cash mountain. Here are Henry Blodget’s musings on the subject.

LATER: The FT reports that “Tim Cook has made his first major break from the legacy of Steve Jobs by choosing to return billions of dollars to shareholders in dividends and a share buyback programme.”