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$XLNX expects FY17 sales to be approx. flat sequentially. Gross margin is expected to be approx. 70% and OpEx is expected to be about $230MM, including $1MM of amortization of acquisition-related intangibles. Other income and expenses are expected to be a net expense of approx. $4MM in FY17.
The latest earnings report by $VZ shows how it is losing customers despite offering the unlimited data plans, a record for the company.
$BEBE is closing down all its stores by the end of May.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.