stacey smith is along with us. he's with us from intel headquarters in santa clara california. welcome back to nightly business report. nice to see you. >> nice to see you as well. >> tom: let's talk about cash. at the end of the third quarter your company had more than $20 billion stashed aside. have you felt pressure to spend it or return it to shareholders? >> well, you know, we don't look at cash as a pressure to spend. what we do is we grow cash when we believe that we have competitive and strategic reasons to grow the cash balance. if you look at our history we started to grow cash a little bit when the downturn hit in early 2009. that was really in order to protect it. and then as we got into 2010, we were triangulating on a couple of strategic opportunities to go off and buy some companies that we think add value to our shareholders so we continue to grow cash in order to pay for those acquisitions. >> tom: i want to talk about those in a moment. you mention the building of cash. let's look at the past four quarters of your cash building that's happened from about $14 b