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For discontinued operations, $CREE targets 2Q17 revenue from Wolfspeed to be $50MM plus or minus, which is similar to 1Q17. The company targets Wolfspeed non-GAAP net income to be $9MMM plus or minus, including a $4MM net of tax or $0.04 benefit from the full impact of not including any depreciation or amortization expense from long-lived assets.
$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.