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$GRMN 2Q15 Call: We continue to invest in innovation with increasing resources focused primarily on Aviation, Fitness and Outdoor. Our advertising expense increased $11MM from prior year quarter and represented a 5.9% of sales, a 140BP increase. SG&A was up $5MM compared to prior quarter, increasing 70BP with percent of sales to 12.6%.
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.