The company does seem to be doing better already than it did any time it did during 2004, ... The lack of publicly available financials continues to be a hindrance, and that's not a trivial issue.

The growth of the company oscillates between product cycles, and it has a lot of new product coming to market in the next 18 months.

It's like the cow that kicked the candle, that burned the barn, that started the Great Chicago Fire.

Demand was good for the Xbox 360 but the company had supply chain constraints.

Ray Ozzie is a valuable technology resource, and his role now will be more delineated. It's a better use of Ray and his skill set and training.

The stock moved up pretty quickly, so we changed.

We think that almost all industries would have some role in the 'B-to-B' economy.

Unearned revenue is more important than sales or earnings. And we expected unearned revenue to rise sequentially.

Unearned revenue is really important because it gives visibility into future revenue. In our view, concerns about it have created the weakness in Microsoft's stock for the past couple of years,

I think some of the smaller deals are prerequisites for some of the bigger deals they could really make some profits out of,