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$AVGO, which competes with $ADI and $FNSR, said that 1Q16 GM from continuing operations was 61%, which was at the midpoint of the guidance range. R&D expense was $238MM and SG&A expense was $68MM resulting in total OpEx of $306MM, $8MM below guidance. Percentage-wise, total OpEx was 17% of revenue.
$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.