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$STX's cash and cash equivalents and short-term investments as of Jan. 1, 2016 fell to $1.26Bil from $2.49Bil as of July 3, 2015. This decline was as result of net cash outflows for acquisition of Dot Hill, repurchase of ordinary shares, dividends paid, and capital expenditures. These were partially offset by cash provided by operating activities.
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.