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$TEL recorded an income tax provision of $58MM for 1Q16 compared to income tax benefit of $109MM in 1Q15. The tax provision for 1Q16 includes a $28MM income tax benefit related to deferred tax assets recognized in connection with the anticipated sale of the CPD business.
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.