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$QCOM 3Q15 Call: In QCT revenue was in line with expectations at $3.85Bil. QTL revenues were up 7% YoverY. Returned a record $6.2Bil to stockholders including $757MM of dividends paid and $5.4Bil in stock repurchases. For 4Q15, expects sequential QTL revenues to be flat to up slightly; QCT operating margins to be approx. 2-4%.
$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.