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$LRCX and $KLAC will be combining to create premier semiconductor equipment company with industry leading and complementary capabilities in wafer processing and process control. $LRCX expect to realize $250MM in annualized cost synergies within 18-24 months of transaction close and $600MM of revenue synergies by 2020.
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.