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On Keystone Clearwater Solutions business, Walter Liptak of Seaport Global asked whether $AWK is looking for potential M&A or market share gain, given a lot of consolidation opportunities in this business. CEO Susan Story said the company is currently assuming no increase in production through 2016 and looking at cost controls to gain market share.
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.