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Based on its current outlook, $STX expects to be in compliance with the covenants of its debt agreements over the next 12 months. For FY16, the company expects capital expenditures to be at or below its long-term targeted range of 6-8% of revenue.
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.