In an interview with Israel-based Globes, M-Systems' President and CEO, Dov Moran, confirmed that the Xbox 2 won't have a hard disc drive. When asked about its technology development agreement with Microsoft Corporation, Mr Moran said: ”It’s a cooperation agreement. The potential isn’t clear, but it’s in the billions of dollars. Microsoft has taken the hard disk out of its Xbox. The only thing left will be a CD; that’s all. At some point, when users want to save their e-mail messages, copy music, or anything like that, the only storage they’ll have is what we give them. It’s worth hundreds of millions to the company, spread over a few years, and we’ll be the main supplier for it; and I hope the sole supplier (thanks TeamXbox</).