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$BAX's net cash used in operating activities for 1Q16 was $333MM compared to cash provided by operating activities of $96MM last year. Net cash used in investing activities fell to $201MM from $770MM a year ago, while net cash provided by financing activities grew to $510MM from $384MM in the prior year quarter.
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.