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Storage & information management company $IRM reported 3Q15 GAAP EPS of $0.11 per share compared with GAAP EPS of $0.00 per share in 3Q14. As a result of the continued strengthening of the U.S. dollar, revenue fell 4.6% to $747MM compared with $783MM in 3Q14. On a constant dollar basis, revenue growth for the quarter was 2%.
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.