 Before we start with the formal introduction, I want to introduce Vishal Sikha, who is our new board member for technology and innovation and is locally based in Palo Alto, and I'll hand it over to him for the interest. Thanks, Jim. It's a pleasure for me to welcome Jim and Bill here and all of you. Really welcome all of you to a great session. So what do you think, Bill and Jim, we just get going with the question and answer? You're on. As you wish, Vishal. For joining, I just came in from Frankfurt. I always get inspired when I get here. The innovation that happened in the valley is an important asset for us as well. We have, as you can see, a lot of our innovation going on here, and we have just opened up to the innovation center with our customers, a very important part of bringing our innovation capability to much closer to our customers. So I'll just briefly talk a little bit about our innovation. It's obvious that we will, in this new partnership, significantly accelerate our innovation capability as a company. We have a pretty comprehensive strategy going forward. As you know, we are already the leaders in the business applications for the on-premise world, and we have defined a product strategy going forward where we will make significant steps into the on-demand world as well. We believe in a hybrid approach where customers can choose on-premise and on-demand extensions, and we will, during this year, make some significant dawns for products in the on-demand space. So that's the first new pillar of our product strategy. The second new pillar of our product strategy is what we call on-device. It is the opportunity to consume SAP software from any device in any experience that you want. This requires a pretty thorough architectural blueprint, which Michel Seeker has been mastering over the last few years, and basically it's based on the assumption that you extract the logic, the business logic in the application from the front end logic. And with that, you get an opportunity to consume our applications from any device, and we will build our own experience on these new devices, mobile devices, and any device, and we will allow partners to do the same with that. Hopefully, grow an ecosystem that innovates experiences for the many people who will use our technology going forward. Obviously, the analytical toolset report with the acquisition of business objects is an important part of that, uses centricity in our DNA, and we will then add the mobile capabilities of the world, and with this, reach many more people with our applications. So that's the second important new pillar of our strategy. And the third one is what we call orchestration. The importance of being able to orchestrate master data and business processes across the landscape of on-premise, on-device, and on-demand kind of software, and make sure that the end-to-end process still is intact and consistent. So we are investing in these areas, and we want to lead in orchestration in the areas of master data synchronization across multiple applications, SAP and non-SAP. This is process management, where you can pursue an end-to-end process across all these different applications. And finally, life cycle management, together, unified life cycle management across on-premise, on-demand, and on-device, so that we can get the lowest possible TCO for our customers. The way we will accelerate our innovation power is by introducing what small companies do for doing large-scale, small companies work in agile development methods where they iterate with their customers and with that get very efficient in their process. And we want to be the combination of the power of an entrepreneur and the scale that we have as SAP. So we are introducing these methodologies across a large development organization of 12,000 people, and with that we hope to show the best of two worlds, speed of innovation as an entrepreneur, and power when it comes to bringing those solutions to the market. So that is one of my thoughts about SAP. I would first like to say welcome. I think in adding to Jim's remarks, I would simply say it's been a fun partnership. Jim and I go back now about eight years. And we also served on the executive board of SAP together, and we have a very high trust relationship that's built on a super strong foundation. So the last five weeks have been great fun. We're focused on our customers. We have 95,000 of them, which is one of the really great assets of our company. And the many innovative things that Jim just talked about can be applied to those customers and many more. We have almost 50,000 people in the company that are fired up and ready to go. And so are we. A couple of weeks ago we did the CBIT technology conference together in Hanover, Germany. And CBIT, as you may know, has about 350,000 IT professionals in attendance. And I think Chancellor Merkel had a lot to say, but certainly she challenged the audience there. And she basically said it's time to innovate. It's time to invest in capital expenses again that help you change the dynamics of your business. And you have to move beyond your borders and really think differently about this global economy. And in large measure what our solutions do is help companies run better. And we do that in 25 distinctly different industries. We do that to small, medium and large customers alike. And we take these innovations and the motivation and the passion of our people and we apply it to making every customer best run business. That's what we're here to do. And I believe we're off to a very fast start. We haven't stopped. As you can see we haven't slept either. But we're having fun and it's really been thrilling.