Want to join the conversation?
$INTC now sees 2016 revenue to be in mid-single digits and gross margin to be 60%, plus or minus couple percentage points. Research and development plus marketing, general and administrative expenses are now predicted to be $20.4-21.2Bil. $INTC now sees restructuring and other charges of about $1.6Bil, depreciation of $6.3Bil and tax rate of 21%.
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.
Samsung chief Jay Y. Lee arrested under $36 million bribery charges. Stocks are also down. This is going to impact the sale of its Galaxy 8, set for April release. Here’s an opportunity for $AAPL to capitalize on a rival’s fall.