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$EL 4Q15 Call: GM increased 30BP to 80.7%. Operating expenses as percent of sales rose 110BP to 71.6%. Primary driver was higher selling & store operations cost of 100BP, due largely to new store openings in quarter related to our retail store expansion. As a result, operating income declined 9% to $228.3MM & operating margin decreased 80BP to 9.1%
Late realization to $T that it cannot compete in the unlimited data market with its existing plans! Its newly launched plans seem more reasonable.
Wow, the new $HPE Pro x2 612 G2. Finally, a Surface Tab you can use for business!
$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!