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Data storage giant $STX said that it expects to report revenue of approx. $2.6Bil and non-GAAP gross margin of approx. 23% for 3Q16. This compares to the company's previous forecast for 3Q16 of revenue of approx. $2.7Bil and non-GAAP gross margin of approx. 25.6%. The company also expects to report HDD unit shipments of approx. 39MM.
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?
After so much controversy and family issues in $VIAB over the recent months, Paramount brings in some good news. News is that they signed a $1 billion deal with Shanghai Film Group and Huahua Media. The material impact to Viacom however is still uncertain.
Looks like Uber will be paying $20 million to settle a US Federal Trade Commission lawsuit. FTC accused Uber of false and misleading claims about driver pay and stuff. Uber however neither denied nor admitted and will just be paying the $20 million.