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$JNJ 2Q15 Call – Dominic, CFO: FY15 Guidance: Net interest expenses to be $450-550MM; net other income & expense excluding special items as a gain to be approx. $2.2-2.3Bil; & effective tax rate for 2015 to be approx. 21-22%.; & operational sales on constant currency basis to be 1-2% & sales to be approx. $75-76Bil for 2015.
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.
Samsung chief Jay Y. Lee arrested under $36 million bribery charges. Stocks are also down. This is going to impact the sale of its Galaxy 8, set for April release. Here’s an opportunity for $AAPL to capitalize on a rival’s fall.