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Guggenheim analyst John Heinbockel asks how much of the $1Bil of renewed business was previously done directly by retail customers vs. other distributors. $UNFI answers that majority of $1Bil was related to renewals, extensions and expansions. They don't really relate to new contract wins or renegotiation of new contracts.
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.
$VZ down more than 2% after a disappointing third quarter. A lot of uncertainty on the Yahoo deal too.