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$FLS 2Q15 Call: We announced in 1Q15, we’re accelerating our planned long-term manufacturing optimization strategies. We also implemented cost efficiency initiative to reduce headcount & expenses. Together, we’re targeting roughly $100MM of investment, which would generate $70MM in annualized savings once we implement our actions in mid-later 2016.
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.