move higher later in the year, bring in the analyst who made that initial call, the note out today, adam holt of morgan stanley join us on the fast line. adam, great to speak with you. >> thanks for having me. >> basically, your people were smiles of course the s & p 500 is market cap weighed and float adjusted. bill gates is selling a tremendous a number of shares, for that reason, if he goes at this pace essentially, microsoft would have to be reweighed on the s & p 500, move to a weighting of 2% from 1.86%. what is the -- in your view, is this really going to happen? it the rebalance isn't until september. >> going back to last fall, we started highlighting our belief that windows 8 was going to be out earlier than most people expected and would be a catalyst not in consensus numbers. that is now starting to work its way i think into expectations for microsoft, but there are a series of other catalysts, we have talked about pc numbers being too low for the back half. we have talked about office 15 being a catalyst that's not numbers, we have talked about margins being too low, the company