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$NTAP's revenue for 2Q16 fell by 6% from last year. The decrease was due to a $114MM decrease in product revenues, partially offset by a $16MM increase in the aggregate of software maintenance and hardware maintenance and other services revenues. Product revenues comprised 56% of net revenues for 2Q16 compared to 60% in the previous year quarter.
$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.