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$NTAP said it is driving to achieve a gross run rate savings of $400MM across both cost of revenue and OpEx by the end of FY17. The company will reinvest some of these savings into strategic opportunities such and SolidFire and other initiatives using a net run rate savings of roughly $130MM by the end of FY17.
$JNJ down 2% in pre-market trading. Earnings beat expectations, but sales disappointed. Johnson is cautious on its outlook. How it will perform in the future?
$YHOO is reporting today after market close. Nobody cares about this stock.