Want to join the conversation?
$MRCY said that it has acquired Decatur-based firm, named Innovative Technologies (LIT). Terms of the transaction were not disclosed. The acquisition is not expected to have a material impact on $MRCY's financial results for the second quarter or FY16. The Company intends to maintain LIT's presence in the Huntsville, Alabama tech corridor.
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.