In addition to new targets of OpEx and CapEx, we will also look to further monetize non-core assets. I am very pleased to have Silver Lake as an investor in Altera and welcome on board Raghav Hussein to help drive the business to its potential. In addition, we have made the decision not to spin off Intel Capital but to work with the team to monetize our existing portfolio while being more selective on new investments that support our strategy. We need to get our balance sheet healthy and start the process of deleveraging this year. As we are building the new Intel, you can expect us to stay humble, drive the necessary changes, to delight our customers. My credo has always been to under-promise and over-deliver, and I will not be satisfied until we regain the trust of our customers, putting the company on a sustainable path of gaining shares and growing revenue, and delivering consistent returns for our shareholders. With that, I will turn it over to Dave.