before that, almost just about a month ago, he was the cto of citrix systems. he got there by selling his last company to them. that company has developed some of the key virtualization technologies, which enable the cloud. he made a big contribution. thank you for that. last but definitely not least, we have jeanette tomlinson, the cto of our very own, dear city of santa francisco -- gina, and sen. she has had a very daunting task of taking the legacy infrastructure of the city and moving that to a professional data center. but also, setting up a virtual private cloud and making a foray into the public cloud. she offers a unique perspective as a large government user on cloud computing. she was also the cio of the san francisco municipal transport station at 40, and she was also managing clorox's data centers previously. thank you for being here. with so much brainpower and prospective in this room, i will actually ask each of our panelists to take four or five minutes and give us a landscape of where you think of computing is today and where you see it going.

so those companies -- amazon would be an example, citrix, general motors, goldman sachs analysts haved also companies with high degrees of operating leverage. that's a strategy from now to the next six months. companies like that to take advantage of the fact that the dispersion is narrow. >> when you mention amazon, people think of anointing names with the companies like tesla, yelps. do they hold up at year end, even as the market chugs along? >> the market multiple is lifted quite a lot. obviously, there are companies who traded much higher multiples than that. on average, the market is trading around fair value. and you would think the trajectory going forward would be roughly in line with earnings growth. so companies generally with faster earnings should do better. the idea, again, is -- the idea between growth and value -- if everything is narrowly compressed, the argument would be to buy faster growth. it doesn't cost you very much. >> but you're saying the same thing, the scenario is one we'd love, growth picking up a little bit, maybe the job market is getting better, it loo