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$ICPT 2Q15 Call: We ended the quarter with $773MM cash and cash equivalents and investment securities available for sale on our balance sheet. For FY15 we are increasing our non-GAAP adjusted operating expense guidance; from an $180MM to $200 to approx. $240mm. This represents approx. $170MM of adjusted operating expenses in 2H15.
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.