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$SWKS' ending cash and cash equivalents balance grew to $1.2Bil as of Jan. 1, 2016 from $1Bil as of Oct. 2, 2015. This was result of cash from operations for 1Q16 due to increased net income, which included the PMC merger termination fee, and improvements in working capital, partially offset by cash outflows in CapEx and in dividend payments.
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.