Microsoft's response is not at all unexpected. We continue to believe that a breakup of this company is arbitrary, given the increasingly blurred line between application and operating systems. We believe that the company should win on appeal.

We have no problem with the board aiming for a higher price. However, should the company pursue the limited breakup alone, we have serious concerns about whether that risky strategy will ultimately yield better returns for current shareholders.

The company is now, more than ever, a breakup story.

This is an industry event, and Microsoft is not going to own it, ... But I think they're going to change the economics. Free of the government's pressure ... Microsoft's efforts would usher in an era of creativity, entrepreneurialism and activity in the server marketplace that we have never seen before, very much like we saw in the PC era when it was first booming; when it was first mushrooming and blossoming in the 1980s and early 1990s.

This business is atrophying. When you look at Microsoft's dominance in the software industry, it's the dominance of the desktop world. And that is not the future; it's very much the past.

We're looking for 41 cents. We're pretty much in line with consensus. Looking for the company's revenues to grow in the mid-to-high 20 percent range. The longer-term issue here is going to be the guidance and what they talk about in the call.