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CEO Steve Milligan said computer usage continues to shift from PCs to mobile devices and enterprise workloads are moving increasingly to cloud-based architectures. After completing the acquisition of $SNDK, $WDC will be better positioned to address and capitalize on these changes and opportunities, he added.
$KMB down close to 4% after it misses on earnings and revenue. Forecasts are lower for the year.
It is official, with $T buying $TWX, it looks like distributors want to own the content production too. Expect some good competition between Netflix ($NFLX), AT&T, Comcast ($CMCSA) and others. However, will this be good for the consumers will not be decided soon.
$NFLX a monster move, going up. Expect making some money on Monday.