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$QCOM 3Q15 Call: Added two new Directors, Mark McLaughlin and Tony Vinciquerra pursuant to an agreement with JANA Partners. QCOM is taking FY15 spending base down by approx. $1.1Bil annually. QCT expenses to come down by approx. $800MM. Eliminate approx. $300MM annually of spend outside of QCT & QTL and continue to spend over $4Bil annually on R&D.
$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.