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Semiconductor maker $ADI reported a drop in 2Q16 earnings due to lower revenue in its B2B markets of industrial, automotive, and communications infrastructure. Net income fell to $170.57MM or $0.55 per share from $205.34MM or $0.65 per share last year. Revenue dropped to $778.77MM from $821.02MM. Non-GAAP EPS decreased to $0.64 from $0.73.
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.