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In 4Q16, $FN's revenue from new business represented 27% of total revenue. Optical communications represented 77% of total revenue. Optical revenue grew 44% from a year ago to $212MM while non-optical revenue increased almost 10% to $64.4MM. Within optical, the revenue split was 58% on telecom applications and 42% from datacom applications.
$WBA is yet to receive US anti-trust clearance for its Rite Aid acquisition. The deadline for the deal expires on January 27.
$BMY plunge 7.2%. No credits to the non-acceleration of approval for lung cancer combination treatment.
Well this is big! I don’t know if it’s someone’s monopoly or genuine excitement, but either way, $CSX is up 23% after market closed. I heard some activist investor is going to blow big money into CSX Corp. Anyone mind explaining?