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$SAIC said that its total 1Q17 contract backlog was $7.2Bil, essentially unchanged from the end of last quarter. Funded backlog was $2.1Bil, up 12% from the end of last quarter. The estimated value of submitted proposals awaiting awards is over $15Bil, up $2Bil from last quarter.
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.