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$IR 2Q15 Call: Adjusted operating margin was slightly down, but increased 50 BPs. Revenues were approx. $100MM lower for the mid-point of our guidance forecast. On percentage basis we’re looking organic growth of 5-6% compared to the actual 3% growth rate for the quarter. For industrial, organic revenues in Europe were down low single digits.
$RAI has received a $47 billion take over offer from British tobacco giant British American Tobacco! This is huge!
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.