The revenue growth is not, I think, where Microsoft wants it to be.

Microsoft essentially is acknowledging is that the hosted model makes sense to some customers, and it isn't something that they can ignore.

Our search advertising revenue has not been as strong as we'd like,

If you look at the existing ERP product lines, there's quite a bit of functional overlap.

We've had softer revenue growth in North America than we want. This is something that I think we can do better.

Everybody wants to know how bad it is, and it's not as bad as you think, ... I don't think there's anything that could keep me off that field on Saturday. I can't make a fist, but as long as I don't have to punch anybody, I'll be fine.