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$NTAP 1Q16 Call: Operating expenses of $746MM were up 3% YoverY. FX reduced OpEx by about 4 points on a YoverY basis. The 14th week contributed about $41MM of sequential growth. Operating margin was 7.7%. Effective tax rate for the quarter and projected rate for the year was 17%. 1Q16 weighted average diluted share count was 308MM shares.
Biodefense therapeutics firm $PIP announced an all-stock merger with biotech Altimmune. The respective boards of the two companies unanimously approved the merger.
$YHOO is reporting today after market close. Nobody cares about this stock.