M20:37
Bill 和我在几年前谈过 encyclopedia 这个行业，不过那时候他在 Encarta 上已经投入得很深了，确实已经做得很深入了，实际上那甚至还是在我认识他之前。
Bill and I talked about the encyclopedia business some years ago, but he was pretty far down the line in Encarta, quite far down the line in Encarta, actually before I even met him.
所以那并不是——我的猜测是，如果我们更早认识的话，这件事也许会发展出点什么。
So it wasn't— my guess is if we'd met earlier that there might have been something evolved in that.
但他已经在 Encarta 上下了很多筹码，而且做得也很好。
But he had put a lot of chips on Encarta and had done a good job with it.
所以实际上——跟他在 World Book 上合作，并不是一个真正可行的选择。
So it really wasn't— it wasn't a real option to work with him on World Book.
Bill 对他自己的业务也非常专注。我相信他在某家 biotech company 的董事会里，而且他在那家公司有相当大的投资；但是你不会看到他出现在那些——至少据我所知，在 Pacific Northwest 那边，就算他有很多朋友、也很了解那些公司，甚至可能和其中一些人从小一起长大——你也不会看到他去上那些董事会。
Bill also is very focused on his business and I believe he's on the board of some biotech company in which he's got a significant investment, but you will not see him on the boards of, at least I don't know of any in the Pacific Northwest where he has a lot of friends and knows the companies well, maybe grew up with some of the people.
但我觉得你不会看到他去做那种——就是那种在智力上抓不住他、不能真正引起他兴趣的生意。
But I don't think you'll see him on anything which really doesn't— which is just a business that doesn't grab him intellectually or something.
我确实觉得有一家 biotech company 是他以这种方式参与的，而且，你知道，他会是个非常了不起的助力，但他真的把重心放在 Microsoft 上。
I do think there's one biotech company that he's involved in that way, and, you know, he'd be a terrific asset, but he really focuses on Microsoft.
我记得他的董事会会议是在星期六开。
He has his board meetings, as I remember, on Saturday.
一开就是一整天，他就是这样投入那个业务的。
They last, you know, all day, and he goes after the business that way.
他不是——我觉得他不会对去做 bank 的董事或者 insurance company 的董事感兴趣，因为他会觉得自己还有别的事情更值得花时间去做，而且我想他大概是对的。
He's not— I don't think he'd be interested in being on a bank board or an insurance company board because he just figures he's got other things to do with his time, and I think he's probably right.
Zone 3？
Zone 3?
Zone 3。
Zone 3.