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$PBI 2Q15 Call: We expect to see continued progress in our North American SMB business in the second half of the year. Likewise, the progress we've made in our North American SMB business, reaffirmed our conviction that we are on the right track with the changes we've made in Europe; although clearly the changes have caused temporary disruptions.
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.