If you ask me, do I believe there will be a Chinese competitor in a number of years, the answer is yes.

The U.S. will continue to be our growth driver. There are many opportunities for us in this marketplace.

There are already Chinese software companies, operating in China; they are fast learners ... If there will be a large software company emerging in Asia, it is likely to emerge in China first.

Maybe not today, not tomorrow but in five years I can see the emergence of a significant Chinese operator. I believe China has more potent competitive potential than Oracle.

It's truly a culture change for SAP.

We have lost zero customers to Oracle's OFF SAP program.