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$AMAT 3Q15 Call: Non-GAAP GM of 43.9% was slightly higher than expected and non-GAAP EPS of $0.33 was at the midpoint of our range. We used $625MM to repurchase 32MM shares of stock, deploying more than 20% of our 3 year $3Bil buyback authorization in the first quarter of the program. Including dividends we returned nearly $750MM to shareholders.
$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.