walter missek at btig.s far as apple goes, it feels like it's a glass half full, glass half empty sort of argument here. where are you on it? >> it is. we're in the glass is half full, because the company a couple months ago, there was concerns of whether there was enough change in this phone, even to deliver that very small growth expectation for the december quarter. now they have, and we can start looking at to the december quarter, and to the march quarter and into next year where they might have a more exciting product. but all this really does, for a company that is attractively valued at 14 times earnings, is buy time for a potential new product. they have been investing a lot of money, $10 billion last year alone in r & d for what everyone hopes is new products to drive additional growth. >> or maybe an acquisition. they're sitting on an enormous amount of cash. >> not only the $10 billion are indeed, but they're also buying $6 billion worth of stock back, the quarter before that, 10. and they still