The Microprocessor Forum was held recently, but Intel was not there. Any reason? I guess we didnt have anything to say. We let our products speak for themselves. We have a couple of new products that were anticipating to be in volume production this quarter. For desktops and laptops [Prescott and Dothan] on the 90-nanometer technology. We let those speak for themselves.Do you have any elaboration on Intels recent quarterly results, which were on the whole pretty good? Wed like to see more strength in the U.S. enterprise market because that has ramifications with regard to U.S. competitiveness. Gartners CEO Michael Fleisher says that 2004 will be different from 2003, when strategic investment starts to replace cost reduction. Do you agree with that? Yesfor two reasons. The U.S. enterprise has not been investing significantly in the last several years, so there is probably pent-up upgrade demand that will stimulate the market. Second, all this discussion of productivity, competitiveness and outsourcing will increasingly drive U.S. companies to recognize that to be competitive in the world, they will have to invest in IT infrastructure. Those two things will probably pivot IT spending up in the enterprise space. Convergence was a big theme during your presentation. If Im an IT person, how should I think of this in concrete terms? If budgets are going to increase in 2004, how might that money be spent on converged applications? Youd look at more mobile and wireless applications, particularly, the increased combination of laptop and handheld applications working in parallel. At Intel, technicians in our factory use wireless handheld devices to speed up the process of entering data. And people like myself who are on the road or in the conference room can move from spot to spot with wireless connectivity. Is there any danger that this move to greater wireless usage could be ahead of its time, like videoconferencing was, despite Intels advocacy? The real difference between videoconferencing and wireless is that wireless is growing up organically, but videoconferencing was always a top-down push, in which executives were telling people they needed it. Before we introduced Centrino, you could go buy your PCMCIA card and stick it in your computer. Now, Im hearing from people who want to provide Wi-Max to rural and suburban communities that are never going to get broadband any other way. Does the Bush administration ask for your advice? I give it to them whether they ask for it or not. Do they listen? I think they listen as well as any other government. They are always preoccupied by re-election campaigns and polls. We routinely speak out on the issues we think are important. They are education, infrastructure, and research and development spending. They are policies over which the government has jurisdiction which we think either promote or impair competitiveness. [The move to expense] stock options [is] a great example. Next page: Overseas impact.
Weve been introducing follow-on versions of the Itanium family, and we let that speak for itself. We have our own forum, the Intel Developers Forum, and we increasingly use that forum as opposed to the Microprocessor Forum.