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$MU said that its Compute Networking Business Unit (CMBU) sales were down 12% YoverY to $1.14Bil. CMBU sales were impacted by lower average selling prices driven by continued softness in demand from PC segment. Storage Business Unit posted 1Q16 revenue of $884MM, up 4% vs. the prior quarter with a non-GAAP operating loss of $27MM.
Well this is big! I don’t know if it’s someone’s monopoly or genuine excitement, but either way, $CSX is up 23% after market closed. I heard some activist investor is going to blow big money into CSX Corp. Anyone mind explaining?
After so much controversy and family issues in $VIAB over the recent months, Paramount brings in some good news. News is that they signed a $1 billion deal with Shanghai Film Group and Huahua Media. The material impact to Viacom however is still uncertain.
Looks like Uber will be paying $20 million to settle a US Federal Trade Commission lawsuit. FTC accused Uber of false and misleading claims about driver pay and stuff. Uber however neither denied nor admitted and will just be paying the $20 million.