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.

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

It's truly a culture change for SAP.

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