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$FOSL said it is working on improving the profitability of its traditional watch business. The company's goal in 2016 is to drive more than a 20% rise in investments supporting $FOSL's strategic initiatives; Fossil & Skagen, omnichannel & wearables, while significantly cutting infrastructure & other spending to hold overall spending flat for 2016.
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.