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On a non-GAAP basis, $MU said that it expects its 2Q16 consolidated revenue to be in the range of $2.9-3.2Bil, gross margin in the range of 17.5-20%, OpEx between $565MM and $620MM, operating income ranging between a loss of $60MM and income of $20MM and an EPS range between a loss of $0.12 per share and a loss of $0.05 per share.
$GOOG’s Waymo accuses Uber of stealing its intellectual property. Startup Otto, which was recently acquired by Uber, also named in the lawsuit. Stage set for another dramatic legal battle!
We all knew $VALE CEO Murilo Ferreira was going out soon, but now I hear he has no idea who will succeed him!
$JCP, another traditional retailer that just shocked us with its biggest number of store closures.