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In real estate savings, $MDT closed over 60 facilities, mostly redundant field offices or distribution centers. In 1Q16, $MDT delivered $1.1Bil of free cash flow, after adjusting for certain litigation and non-recurring tax payments. $MDT announced a 25% increase in its dividend, the 38th consecutive year of increasing dividend.
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.