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$VNO 2Q15 Q&A: Bradley from Goldman Sachs asked about ending the year in terms of cash balance. Stephen said we ran down our cash to handle; for example, the Regis acquisition worth $700MM, we have no financing on it. And there are several other assets of that are similar. So basically, we ran down our cash. We will run it back up again.
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.