We've improved a lot since the beginning.

After a disappointing three-year downturn, we are at the beginning of a substantial semiconductor industry up-cycle, in our view. As the use of semiconductors is shifting from PC-centric products to Internet infrastructure and wireless communications such as cellular phones, the industry is enjoying a communications driven boom.

I'm not nervous. I'm used to competition.

We didn't have a dance team, and we wanted a dance team. I was more interested in dancing than cheering.

I think the reason that the stock is up today is because people are beginning to believe that the K6 [chip] is a reality.

Globally, business and government leaders are beginning to dramatically transform their traditional business models into Internet economy business models, ... Customers are increasingly seeking Cisco's expertise to help them through this transformation.