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$ROK's sales from Architecture and Software for 1Q16 fell by 9.2% to $642.9MM from last year, due to a 2.7% decline in organic sales and currency translation reduced sales by 6.5%. Sales from Control Products and Solutions dropped by 9.6% to $783.7MM, due to 3.8% decline in organic sales and currency translation reduced sales by 5.8%.
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.