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$XLNX 1Q16 Call: Gross margin was 70.9% better than expectations, driving an operating margin of 32.5%. A 28-nanometer revenue decline as we anticipated, driven by weakness in wireless communication. We expect 28-nanometer sales to return to growth in September quarter driven by continued sales increase from the zinc product & wired communication.
$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.