mr. barton want to use some of that time? >> thank you mr. chairman. i've served on this committee since 1986. i've served with three of the four former chairman, mr. wiley preceded me. we've had some agreements, we've had some disagreements. so it's good to have all four of you gentlemen here today. when i was chairman of the full committee, back in 1996, my commutety introduced a bill we call the coke bill, the communication opportunity promotion enhancement act of 2006. it dealt with national franchising, net neutrality, public educational and governmental access, e-911 and what we now call void. it passed the house 321-101, but it didn't come up for a vote in the senate. i voted for the telecommunications act of '96, and the cable act of '92, and i hope this year to get to vote for another major bill that comes from the leadership of mr. upton, mr. walden, mr. waxman and miss eshoo. this is a good thing to be doing and we're going to get some good information from your gentlemen and we appreciate you being here. >> gentleman's time's expired. we'll

mr. barton was talking about. if you think about one of the wisest things that was done in the 1996 act, it has nothing to do with the individual rules but the fundamental judgment that the government rejected the monopoly thesis and decided instead that competition was the more fruitful approach. common carriage law inherently is about a government-sanctioned monopoly. it's essentially the queen of the realm who grants an exclusive license to a ferryboat captain in exchange for all the privileges of that monopoly, they agree to be bound to serve all the citizens in a nonzrimtry way and other things that the zorch wishes to have as part that have benefit. mutual in regards they get the exclusive profits and the realm gets the benefits of serving all the citizens. in some ways in 1996, the government sued for divorce from companies through exclusive monopoly and instead said go compete. raise your own capital. no guaranteed return on investment. no guaranteed success. but yet the lingering notions of common carriag

mr. barton want to use some of that time? >> thank you mr. chairman. i've served on this committee since 1986. i've served with three of the four former chairman, mr. wiley preceded me. we've had some agreements, we've had some disagreements. so it's good to have all four of you gentlemen here today. when i was chairman of the full committee, back in 1996, my commutety introduced a bill we call the coke bill, the communication opportunity promotion enhancement act of 2006. it dealt with national franchising, net neutrality, public educational and governmental access, e-911 and what we now call void. it passed the house 321-101, but it didn't come up for a vote in the senate. i voted for the telecommunications act of '96, and the cable act of '92, and i hope this year to get to vote for another major bill that comes from the leadership of mr. upton, mr. walden, mr. waxman and miss eshoo. this is a good thing to be doing and we're going to get some good information from your gentlemen and we appreciate you being here. >> gentleman's time's expired. we'll

mr. barton want to use some of that time? >> thank you mr. chairman. i've served on this committee since 1986. i've served with three of the four former chairman, mr. wiley preceded me. we've had some agreements, we've had some disagreements. so it's good to have all four of you gentlemen here today. when i was chairman of the full committee, back in 1996, my commutety introduced a bill we call the coke bill, the communication opportunity promotion enhancement act of 2006. it dealt with national franchising, net neutrality, public educational and governmental access, e-911 and what we now call void. it passed the house 321-101, but it didn't come up for a vote in the senate. i voted for the telecommunications act of '96, and the cable act of '92, and i hope this year to get to vote for another major bill that comes from the leadership of mr. upton, mr. walden, mr. waxman and miss eshoo. this is a good thing to be doing and we're going to get some good information from your gentlemen and we appreciate you being here. >> gentleman's time's expired. we'll

mrs. van with the fester of the general services administration (clapping.) the honorable mayor ed lee at the san francisco. and from hk architects. (clapping.) and crystal-clear barton artist with the cliff barton studio. thank you all for joining us the general services administrations is to deliver the best technology services to the government and american people. critical parts are providing with that,s that preserve the integrity off our historic fats and incorporating the design features all have been integrated. those of us who work here about work in a historically more than building. the m public works will homicide a place in his. at the history it dates back to 17952 when it was commissions to design is a new this. this federal building is within the center complex. after the earthquake of 18906 devastated many buildings it was transformed offering a promise of a now a fundamental humane city. this was designed by before a began in 1933 and was complete in 1936. the 77 his is unique including the historic oral office of chester. thanks it to the recovery act it's a beacon to achieve a plaque. in other words, this historic building has received a new life

barton. just had earnings from sap. the company pushing back its profit target by two years at the shift toward the cloud. the code chief executive of sap joins us now. good morning, mrr joining us today. >> thank you for having me. >> the big news today is the news that you pushed it back to your profitability target by two years to 2017. why have you chosen to do that? committed toy being the cloud company powered. our ambition is to run entire businesses in the sap cloud powered by hannah and surf customers as they manage their capital needs and procuring. theoing this, we feel that midterm target is best served going to 2017 because we will invest in market share gains against all competitors in the cloud space. >> will the traditional software business continue to grow over coming years or will it decline have to be made up by the growth in cloud? >> no, indeed. the core will still grow. it is that the cloud will grow much faster. one of the things we did today and the midterm target of 2017 is relate out our ambition is to cloud.5 billion euro company by 2017. if you take the gross rates, that is 41% compounded growth rate. we intend to grow very fast in the cl