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$CAG 4Q15 Call - John, CFO: Capital expenditures were $154MM vs. $117MM in prior year quarter. For FY15, CapEx was approx. $472MM somewhat lower than our previous estimate. Net interest expense was $89MM in 4Q15 vs. $93MM in the year ago quarter. Dividends for 4Q15 were $107MM vs. $105MM in the year ago quarter.
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.