Later, 6:32 p.m. Central Time: I've been wondering why XLNX was not riding the coat tails of Nvidia; and then why XLNX was not riding the coat tails of Advanced Micro .... wonder no more ... after a so-so day for XLNX, it soared near the end, and finished almost 3% higher. Whoo-hoo! [Later: perhaps now. Now I see that XLNX may have done it on its own -- Xilinx beats 1Q17 forecast -- 63 cents vs 60 cents forecast. Can't wait to see market tomorrow. Miss on revenues.]
Later, 5:20 p.m. Central Time: update on Foxconn building facility in Wisconsin. From jsonline, data points:
- $10 billion investment
- will require $3 billion in subsidies from state taxpayers
- southeastern Wisconsin
- a virtual village: manufacturing plant(s); housing; stores; service businesses
- spread over at least 1,000 acres
- 1.5 square miles
- 20 million square feet: 3x the size of the Pentagon; will be one of the largest manufacturing campuses in the US
- will initially employ 3,000 workers; average wage/salary: $54K
- "The single largest economic development project in the history of Wisconsin, one of the largest in the history of the US."
- "America does not have a single LCD plant to produce a complicated system. We are going to change that."
- this would not have happened under a third-term Obama presidency/Hillary unless it came with a lot of political donations and/or funding for The Foundation
T: shares pop almost 5% on earnings beat. Posted 79 cent/share; better than the 74-cent forecast and better than 72 cents/share last year.
Fake news: with all the media hype about T-Mobile having the best network, it turns out to be "fake news." In most recent survey, T-Mobile ranks fourth -- which is almost dead last. Top three: Verizon, ATT, and Sprint. From Fortune.
The company's testing showed that all four major carriers–AT&T, Verizon, T-Mobile, and Sprint—improved average speeds in at least 20 markets in the first half versus the end of 2016. "Taken together, this suggests that investments are being made that counteract any demands on the networks from unlimited data plans," Hamilton said.But, of course, T-Mobile cried foul. LOL. Regardless of how they placed in the competition, they all get a participation trophy.
Nation's largest job fair. Data points:
- 50,000 job openings
- 10 fulfillment centers across the US
More On T
From the linked article above:
Digging deeper into the segment numbers, the company’s wireless business added 2.8 million net subscribers. Of that total, 2.3 million were in the U.S., while 476,000 were from Mexico. Notably, U.S. wireless subscribers achieved its best-ever postpaid phone churn of 0.79%, while Total postpaid churn was 1.01% — both above Street estimates.
The company lost only 89,000 postpaid phone subscribers. Not only did that total narrow its loss from 180,000 in the year-earlier-period, it also topped analysts forecast for a loss 256,000 postpaid subscribers.
On their own, these numbers aren’t breathtaking. But when taken into context with respect to dominance of T-Mobile, AT&T doesn’t appear to be in the sort of dire straits T-Mobile’s boastful CEO John Legere has implied. In T-Mobile’s own Q2 results released last week, the company added 1.3 million total net subscribers, of which branded postpaid net adds were 817,000 and postpaid phone net adds were 786,000.
T-Mobile management insisted they would capture more than 100% of industry’s postpaid growth, meaning there would be nothing left for either AT&T or market leader Verizon Communications Inc. But AT&T’s results, combined with the improving churn rate, suggests otherwise.
The company’s wireless business is making up for shortfalls elsewhere such as in the landline U-verse TV service, which shed 195,000 subscribers.