You cannot have companies where many of the largest ones lose money indefinitely without someone finally waving the white flag, and IBM is the most recent example of that.

We are No. 1 worldwide by quite a margin on the client side and expanding, according to IDC and others, every single quarter. Our expectation is that the industry will consolidate and that more of our competitors will exit.

We are seeing a steady improvement in corporate demand. I think it's going to be steady, not explosive, throughout the year.

We own 18 percent of just the PC business. Now that's only about 60 percent of our business today.

We all have many opportunities, but limited capacity to pursue them. Make choices, focus your time and energy, so that you can submit your share of masterpieces to the greater good.

I'm the one who made many of the bold comments that we'd seen the technologies from AMD as pretty good. Their technology in many areas was leading. But those are transient.

There would not be enough talent that's educated, developed and ready to take on the next leadership challenge, and it would cap our growth. Now we've put programs in place not to have that happen, but that could be a weakness.