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$AVGO 3Q15 PR: On GAAP basis, based on current business trends and conditions, the outlook for continuing operations for 4Q15, is expected to be as follows: Net Revenue $1,838MM plus/minus $25MM; Gross Margin 52.75% plus/minus 1%; Operating Expenses $485MM; Interest and Other $38MM; Taxes $29MM; and Diluted Share Count 289MM.
$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.