Want to join the conversation?
$LRCX said its cash and cash equivalents, investments, and restricted cash and investments balance was about $4.8Bil as of March 27, 2016. Cash generated by operations was about $183MM in 1Q16. CapEx was $46MM. Company paid dividend of $48MM and acquired 297,073 shares at $20.1MM in 1Q16.
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.