...Hi, everyone. Welcome to the last session of our conference and thank you all for joining us. So we're going to be closing it out with John Chambers from Cisco who I think you all know. So John, thank you very much for joining us, we really appreciate it. And you don't have the Reg disclosure, but I think you're all familiar with it so I think we can just get started. So John, as I talk to this audience, I know that people always look to you for some of your views on the macro environment and part of that is because time and again, you guys have signaled some kind of an inflection, which at the time seemed Cisco specific and a few months later, it became really a macro event. And this last few months we saw that it's that dynamic with emerging markets, you talked about that as an area of weakness a few months ago in your earnings call and we're now in the midst of that. Can you just give us a little bit of insight on what you see happening in emerging markets? John Chambers ...
