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For 1Q16, $SWK recognized net restructuring charges of $8MM, reflecting $3.7MM of net severance charges associated with the reduction of about 297 employees. Company also recognized $4.3MM of asset impairments. Most of the $45MM of reserves remaining as of April 2 is expected to be utilized within next 12 months.
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.