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In 2Q17, $SMTC's GAAP OpEx was about flat with 1Q17. Cash flow from operations was about $32MM or 23% of revenue, and company ended the quarter with $239MM of cash and investments. Debt balance is about $248MM and the balance on outstanding stock repurchase authorization was about $62.3MM.
The latest earnings report by $VZ shows how it is losing customers despite offering the unlimited data plans, a record for the company.
$BEBE is closing down all its stores by the end of May.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.