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Bank of America Merrill Lynch analyst Vivek Arya probes on the broader spending environment, the upside in terms of bookings. $IDTI CEO Greg Waters said that spending is considered normal. The company sees positive strength in book-to-bill. Chinese infrastructure spending is quite robust and is expected to continue at least through 1Q17.
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.