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$CSC terminated one of its interest rates swaps during 2Q16, with a fair value of $4.5MM and derecognized the related derivative asset. The interest rate swap had a notional value of $75MM. The $4.5MM hedge gain will be amortized into interest income over the remaining term of the debt.
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.