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For 3Q16, $XLNX expects sales to be up 3-7% sequentially, including the impact of the extra fiscal week in the quarter; gross margin is expected to be approx. 69%; operating expenses are expected to be approx. $230MM; fully diluted share count is expected to be approx. 265MM; and Dec. quarter tax rate is expected to be approx. 12%.
$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.