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Clothing retailer $GES' 2Q17 revenue was flat in US dollars and constant currency, mainly due to lower than expected revenue in Asia. GAAP operating margin fell 190 BPs to 2.9% versus 2Q16, including negative impact of foreign currency of 70 BPs. GM fell 220 BPs to 34.1% due to negative impact of currency and higher markdowns in the Americas.
Late realization to $T that it cannot compete in the unlimited data market with its existing plans! Its newly launched plans seem more reasonable.
Wow, the new $HPE Pro x2 612 G2. Finally, a Surface Tab you can use for business!
$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!