Everyone thought the acquisition strategy was extremely risky because no one had ever done it successfully. In other words, it was innovative.

The only way to get ahead is to find errors in conventional wisdom.

You cannot innovate by copying.

I was vehemently against acquisitions. Now let's buy everything in sight. Well, that's a slight exaggeration. We are a little more strategic than that. But everything was on sale.

Those that believe this is merely a downturn are mad. Our industry is going to mature and as something matures, the rate of innovation does slow.

Everyone thought the acquisition strategy was extremely risky because no one had ever done it successfully. In other words, it was innovative.

In order to grow at this pace, there will have to be a couple of acquisitions along the way. The tricky thing is to grow at this rate and maintain a 40 percent operating margin.