I think PCs are going to continue to shift in form factor. The real question is: What's a PC?

Only our company and a handful of others are poised to write the future.

I don't think there is one size that fits all. I've been to too many meetings with journalists who spent the first 10 minutes of the meeting setting up iPad to look like a laptop.

There's no chance that the iPhone is going to get any significant market share. No chance.

Throughout our history, Microsoft has won by making big, bold bets. I believe that now is not the time to scale back the scope of our ambition or the scale of our investment. While our opportunities are greater than ever, we also face new competitors, faster-moving markets and new customer demands.

Make hiring a top priority.

This is all about having great leaders who can drive agile innovation and agile decision-making.