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During 1Q16, $HSIC said it wrote off about $1.1MM of fully reserved accounts receivable against its trade receivable reserve. The company also said its inventory turns from operations fell to 5.1 as of March 26, 2016 from 5.3 as of March 28, 2015.
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.