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$EL 4Q15 Q&A: Dibadj of Bernstein asked on working capital?Tracey said going from 200 days to sell to 155 days to sell is great progress. We’ll try to exceed those levels, but being able to free up $300-400MM of cash in this time is very good for us, to shareholders &allows us to either invest in ROIC driven projects or return more to share holders
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.