Want to join the conversation?
$AVGO 3Q15 Call: AVGO generated $592MM in cash from operations and ended 3Q15 with a cash balance of $1.4Bil, which declined by approx. $1.1Bil from the prior quarter primarily due to the cash consumed by the conversion of 2% convertible notes, the purchase of Emulex, and the conversion of all Emulex notes as stated in the earnings release.
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.