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$COL total sales in 4Q15 were $1.38Bil, a 1% decrease from the same period last year while full year sales increased 5%. Total segment operating margin for 4Q15 was 22.0% compared to 21.3% in the prior year and total segment operating earnings increased 2% to $304MM, compared to the same period in fiscal year 2014.
The U.S. Treasury will be receiving $10 billion as dividends from the combined government-backed mortgage giants Fannie Mae and Freddie Mac. This is a sign that a recovered housing market is allowing the once-ailing firms to subsidize federal government spending.
$CSCO shift from hardware to becoming a software behemoth seems to be working for the company so far. Stock has seen a steady rise since the change. But is it sustainable?
Heard about the next generation iPhone. Going by the reports, it is believed that $AAPL will release three iphones this year.