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$AMAT's 1Q16 revenue of $2.3Bil, fell 5% sequentially and the company slightly increased its non-GAAP GM to 42.4%. $AMAT delivered non-GAAP EPS of $0.26, slightly above the midpoint of the range. The company used $600MM to repurchase 35MM shares of stock and completed 65% of the $3Bil authorization.
$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.