Lisa Mateo

But in terms of software in general, I think some of these companies are going to win.

And I've talked with you in the past about ServiceNow.

We still own it.

We added to it recently.

We think they are going to benefit from better margins in the future because they're pivoting and vertically integrating.

But we got out of Adobe and that was because we didn't see the company pivoting.

And that was a number of years ago or about over a year ago.

And so I think that's what investors have to digest is who are going to be the winners.

And Salesforce will be in business, but they may not put up the kind of growth numbers they've put in the past.

And we won't know for a couple of days because it was down pre-market, then it shot up, and now it's falling back.

So I think you have to wait for the hedge funds and the algos to settle in, and then we'll see if investors come back to the name, long-term investors.

It's interesting, Nancy, you call out ServiceNow.

We know that you've called out before.

And indeed, Jensen Huang has been on calling out ServiceNow himself as a winner.

Nancy, go back to your own, well, experience with using the Salesforce product.

Why didn't you like it?

Why did you cut it?

What was it that we're not getting offered that keeps it sticky?

So this is interesting, Carolyn.

I think this is the story of this market.