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Morgan Stanley analyst Joe Moore questions $INTC on whether the data center growth of mid-single digits is an enterprise phenomenon. CFO Stacy Smith says that it is primarily enterprise-driven. The company says that 2Q16 results came in just a hair above the internal forecast. $INTC believes that the cloud piece will accelerate going into 2H16.
$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.