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Tavis McCourt of Raymond James asks about the amount of warranty charges. $FIT said the amount of warranty charges running through the P&L for 2Q16 was $50MM, excluding about $10MM of customer service related cost. So the $60MM is running through the P&L in total. $FIT will have the largest number of new products available for 4Q16 in its history.
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.