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Electronic data storage solutions company $STX shipped 39MM drive units totaling 56 exabytes of storage capacity, generating revenue of approx. $2.6Bil and GM of 20% during the March 2016 quarter. Sales programs were approx. 14% of gross drive revenue for the March 2016 quarter. GM in the March 2016 qtr. fell by 850BP versus the March 2015 qtr.
$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.