Ten years ago U.S. defence investment represented almost half of all defence expenditure in the whole alliance. Today it is 75%. This increasing economic gap may also lead to an increasing technology gap which will almost hamper the inter-operability between our forces.

Today the forces of competition technology and globalization have converged to spur innovation and to transform the way business is done in the securities industry.

The technology is really where all of the changes have taken place but the fundamentals of a good story being the basis of every good picture and really the only basis still remains the rule more so today I think because we've unfortunately weaned an audience from birth to kind of mindless movies.

You can always improve on something the technology is different today but I would leave it well alone. If there was something that was incomplete that might be interesting... because I do that on my website.

There has been a huge advance in technology which has improved the safety of the cars incredibly but there are still some heavy crash impacts and in certain circumstances there is still the chance of fire today.

I try to write about how we live today how we use language technology our bodies.

As a matter of fact when compression technology came along we thought the future in 1996 was about voice. We got it wrong. It is about voice video and data and that is what we have today on these cell phones.

People always underestimate the impact of technology. To give you an example: In the 1970s the frontier for offshore development was 200 meters today it is 4 000 meters.

Today 80 percent of all the oil that comes out of the Gulf is from 1 000 feet or more and today almost a third of it is more than 5 000 feet below the surface. What hasn't happened is the safety and the ability to respond to a negative event such as this blowout has been far outrun by the technology of drilling itself. We need to close that gap.

Today we're focused on small acquisitions to add technology where necessary. I think it's fair to say we're not out looking for a large one but I think it's also very fair to say that as a public company you can never say never.