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$COL reported increase in FY15 cash flow of $89MM driven by higher earnings conversion within the year. Cash by operating activities from continuing operations was $749MM in FY15, compared to $660MM in FY14. $COL paid a dividend on its common stock of $0.33 per share, or $44MM, in 4Q15.
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.