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$TDC continues to expect R&D expense for the full year 2016 to be down 10-15% as reported basis. Due to the investments associated with its strategic growth initiatives, the company expects R&D expense will increase on a comparative basis, excluding Marketing Applications, moving into 2H16, as well as into 2017.
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.