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Under its revised outlook for 3Q16, $INTC now expects R&D plus MG&A expenses to be approx. $5.2Bil. Gains and losses from equity investments and interest and other income are expected to be a net loss of approx. $125MM. The tax rate is now expected to be 22%. All other expectations have been withdrawn and an update will be given on October 18.
The U.S. Treasury will be receiving $10 billion as dividends from the combined government-backed mortgage giants Fannie Mae and Freddie Mac. This is a sign that a recovered housing market is allowing the once-ailing firms to subsidize federal government spending.
$CSCO shift from hardware to becoming a software behemoth seems to be working for the company so far. Stock has seen a steady rise since the change. But is it sustainable?
Heard about the next generation iPhone. Going by the reports, it is believed that $AAPL will release three iphones this year.