 So when I went to study in China in Sichuan in 1985 the first time I bought was a bicycle and it was great for seeing the real China and Whenever I cycled around I'd run into these banners Talking about the four modernizations at the time I was very doubtful when they whether they would ever be achieved. I really saw them as me and my propaganda But now whenever I'm come back to China reminded how wrong I was and how fast this country is developed And the four modernizations played a very important role in articulating a vision of the future PC industry in which I work has also got its fair share of visionaries and Propagandists and here's two of the best ones that have ever been working in it as early as that 1975 Bill Gates talked about a Computer on every desk and in every home Steve Jobs He talked about the computer being the greatest invention ever by mankind But when I moved to Taiwan after graduating I started working in the PC industry And I found out while America was the vision the dream factory of the IT industry It was Taiwan and China that did all the work We're the ones who designed the products. We're the ones who built them. We're the ones who ship them all over the world And without China and without Taiwan. I don't think the industry would have developed half as fast as it has Now out of that out of those beginnings with manufacturing is removed in the second stage of development Learning how to build PCs has also enabled China and Taiwan to build up semiconductor manufacturing Semiconductor design and even global brand names like the Novo and like HTC However, it's very interesting And actually quite shocking really when you look at the numbers There's a global population of seven billion And only two billion actually now have access to the internet That means five billion people throughout the world Still are not part of the global conversation Two out of seven makes for a pretty lame party and it really is time to bring Send more invites out to people Now via my company we work towards a vision of total connectivity and One success we've had is working with MIT on their one laptop per child initiative We pushed millions of computers to students throughout the world, but really that was only just a start Now everybody wants to be part of the global conversation They want to be able to share content and we share their thoughts their photos, etc on the internet a Lot of people would have you believe that we're moving to a post PC era in which the PC is Not so important for this anymore, and we're all going to be doing on our mobile phones on our tablets Via we have a slightly different view is that the desktop PC is a great tool and Great tools improve with time and they don't go away It's a question of how to change it and how to improve it to move it in line with new requirements Now don't shall ping He once said no matter if it's a white cat or a black cat as long as it can catch mice It's a good cat and the way we view a PC is as long as it connects you to the internet It's also a good PC. It doesn't matter what is inside it doesn't matter the speed of the processor, etc It gives you that internet connectivity. That is the most important aspect so what we've done is redefined the PC and Today this is the first time you've actually introduced it in public We're announcing the APC Now what this is is a forty nine dollar PC Which I think is an incredible price point We've done a number of innovative things to make that happen. The first thing is we've junked windows We're not using Linux. What we're using is a variant of links Android I think many of you already know what Android is. It's the world's most popular smartphone operating system So what we're doing is giving a very familiar interface People do not have to learn because the interface is already out there We've also done is use a very low power processor. We've also built in very very good multimedia performance So I just like to make the first public demonstration and one of the iron laws of technology demos is they never work So actually I'm quite relieved to see it booting up. So what we call this we call it APC It's a bicycle for the mind. What we're trying to do is to get by delivering a very low price point But also a very usable box is what we're trying to get more people engaged Using the device and pushing out Beyond the current numbers as I mentioned currently there are only two two billion out of seven billion people in the world have Access to the internet So what I tried to do is to totally simplify the experience When you boot up You go into the search and then you're straight into the cloud It's as simple as that it takes you straight through to the browser and what we're trying to build here is a browser based computing experience Which we believe is the next generation Now of course in addition to that we do have other parts of it and some of them that's a oh dear. Yes Okay, we also loaded a very small number of apps Now I think you know is Android one of the great advantages of Android is that there's thousands of millions of apps out there that use The user can install so we have a browser. We have a calendar contacts downloads, etc and Some people can also download Angry Birds as a productivity application. So that's a very simple You can also also add Say as a user you can add whatever you like we're trying to keep this this the experience a simple and as clear as possible and Just to give you an example just to show you the example that just because it's low cost It doesn't mean it doesn't mean that there's any compromise on performance So I just like to close the presentation by running a video Just to show you a very high definition this is exactly what the product can do So even through even through a large screen experience and a very high resolution. This is the capability of the product So I think I've already overrun some time on time already on my second Second presentation of the day and I'd like to close on that and thank you and here's the APC a bicycle for your mind Thank you very much