Interview with Bill Gates

Microsoft co-founder and chairman Bill Gates sat down with Peter Jennings to discuss the future of the technology industry. They talked about Innovation, Competition and Goals.

Gates talked at about Microsoft's effort to upgrade security in the computer industry, his foundation's charitable work and his goals for the company.

JENNINGS: I read an article coming up here on Firefox (Web browser) and its perceived ability to do this better than you. Is that fair?

GATES: Well, there's competition in every place that we're in. The browser space that we are in we have about 90 percent. Sure Firefox has come along and the press love the idea of that. Our commitment is to keep our browser that competes with Firefox to be the best browser — best in security, best in features. In fact, we just announced that we'll have a new version of the browser so we're innovating very rapidly there and it's our commitment to have the best.

JENNINGS: Why do so many people seem to think that open sourcing is so essential?

GATES: Well certainly there is always going to be free software, and there will be commercial software. We represent one company that has commercial software and can stand behind it in terms of support and compatibility. But we have always believed that free software space will be there and will be complimentary.