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$SNDK expects 1Q16 revenue of $1.175-1.250Bil, which will be down YoverY as 1Q15 included revenue from OEM client SSD platform and current weakness in smartphone market. Non-GAAP gross margin is expected to be 39-42% and non-GAAP operating expenses are predicted to be $325-335MM. Non-GAAP tax rate is forecast to be 31%.
$WBA is yet to receive US anti-trust clearance for its Rite Aid acquisition. The deadline for the deal expires on January 27.
$BMY plunge 7.2%. No credits to the non-acceleration of approval for lung cancer combination treatment.
Well this is big! I don’t know if it’s someone’s monopoly or genuine excitement, but either way, $CSX is up 23% after market closed. I heard some activist investor is going to blow big money into CSX Corp. Anyone mind explaining?