SURVIVAL

I could be wrong. I need to make sure I can survive being wrong.

We were 90 days from bankruptcy. We cut 4,000 jobs. We renegotiated $3.5 billion in debt. And then we posted our first profitable quarter. Survival is not a strategy — but sometimes it's all you've got.

When your underlying technology becomes free and commoditized, you have two choices: die, or move up the stack. We moved up the stack.