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Lorraine Hutchinson of Bank of America asks how quickly can $M adjust its inventory commitments to reflects its new sales plan. CFO Karen Hoguet said that a good chunk of the company's inventory is on replenishment and it gets adjusted with sales trends automatically.
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.