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$EA 1Q16 Call: Cash and short term investments at 1Q16-end were $2.88Bil or approx. $9.23 per share; 64% of this cash and short term investment balance is held onshore. TTM operating cash flow was $992MM, a record for this period. FY16 operating cash flow guidance approx. $1.15Bil; CapEx $100MM; and free cash flow $1.05Bil.
$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.