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At 3Q15-end, $CTL held cash and cash equivalents of $355MM, down 51.6% from same period last year. For the same period, cash and cash equivalents of $67MM were held in foreign bank accounts for funding its foreign operations. $CTL also had approx. $2Bil of borrowing capacity available under its $2Bil amended and restated revolving credit facility.
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.