and dell? >> we are short both dell and hp. >> how have you navigated what the stocks have done? because hp has been one of the better performers. >> it's been great. and we got out of dell last fall when it got to $10. >> okay, thanks very much. >> but hewlett on the autonomy news was at that point a reasonably small position. covered a little bit but then watched it basically double on us. but we have been adding these prices right in here. and i think that that really the story, hewlett jumped on their first quarter earnings. but secular story has not gone away. it is facing tremendous, tremendous headwinds in pretty much all of their businesses. printing, ink jets, lex smart put out some horrible numbers the other day. pcs, as we know, servers, and servers, as i've told you, are pcs. everyone forgets that. they're pcs in a wreck. and you have companies like amazon now building their own servers. they were buying from hewlett and dell before. they're building their own white box servers. >> they're going to own the cloud of the. >> so the point is, the hardware guys increasing

of course michael dell a big opponent of dell itself. now michael dell will only consider backing blackstone's bid if the firm guarantees he will stay on as the chief executive officer after doing some findings dell laid out the cover has a case for going private saying public was a worsening public outlook. not a good idea. of course blackstone, carl i can as well. adp shares to the downside. the company cfo is leaving. katherine nichols, the chief financial officer over at xerox, she actually was not on that for a year. they have initiated a search for a new chief financial officer. up 41% this year. adt up about 3% this year. adam: something a lot of people love, coffee. some of us are very addictive. singleserve cups by green mountain roasters have grown to account for 26% of ground coffee sales in the usa according to data from nielsen's. for 12 weeks up to march 16 sales up 38% from the same time last year, but if you are in the need of a caffeine boost, look no further than starbucks. a 16-ounce cup has more than three times as mu

did michael dell even have as good information aboutsteinberg about dell? it's entirely possible. once dell was watching his data and steinberg had his data allegedly, i'm going to throw this allege ledly because i'm a statesman. >> you can't do enough allegedlies. >> it was known by steinberg and maybe michael dell and then the guy frantically selling. >> there was a guy that likes dell and doesn't like dell and immediately dell was offloaded allegedly. >> i will say that all of these prosecution that have occurred, are you with steve raj? you go out to dinner with these guys? you are on a first name. >> that's true. i actually never did speak, thankfully to raj. >> probably for the best. >> he was not a source, i would point out. but i also spoke to raj and i'm just going to go with the three letters, all right? it has had the effect of cushing this behavior, don't you agree? and i was wondering if the lack of performance was to a certain extent because nobody's doing this anymore. they have no edge on celgene. they don't have the quarter on celgene and bob is not giving them th

10% of dell's shares; in return, he gets the right to communicate with other dell shareholders and, according to him, still conduct a proxy fight. dell's board is attempting to protect the company. icahn and blackstone group have expressed interest in the computer company following founder michael dell's bid to take it private. twitter is giving advertisers something to tweet about. the site is reportedly in talks with media giant viacom, nbc and comcast to add high quality video content and ads to its site. the streaming content would help twitter get users to stay on the site longer. meanwhile, bloomberg is also reporting that twitter is planning a push into the music biz, with an app that lets users stream and share music. it could be big competition for pandora. a "food fraud" scandal is discovered in europe. after 4,000 tests on beef, the european commission found 5% tainted with horse meat. the commission says there's no immediate danger to consumers, but it could be costly to the eurozone economy, and tighter measures are planned. france, greece and denmark had the highest am

and the yankees were losing 3-0 to the red sox. >> will michael dell succeed in taking dell private? we will discuss when we come back. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. >> and >> and sit the power run down time. let's start with dell, the number three pc maker saying that proposals from black stone and carl i con are risky because according to dell they would keep the company partly public. so is the best move for shareholders for dell to go private and for those shareholders to get paid off right now? >> it's almost always the right move to get paid off right now. there is a lot of risk in the pc industry. keeping the public -- if you're a public shareholder, you want to cash out right away. >> estimates are for pc ship shipments to drop 8%. how are they going to do that? this is likely to go in the private route

breaking news on dell. >> we have a letter from michael dell to all dell employees. the message made available today. you can see dell trying to rally the troops here. let me read you the relevant part. dell says, "we see a lot of new work that needs to be done, but an extraordinary long-term opportunity if we get it right." dell goes on to say, "together we have built an amazing company and our best days are still ahead." little reaction after hours. back to you guys over there. >> thank you, josh. pops and drops. kick it off with a drop for general mills down 1%. >> morgan stanley downgrade. you might see more analysts trying to play stock market, talking about general mills down graded on valuation. i still like it. i would be cautious here but like the name. >> drop for jc penney down 2%. >> fundamentals still terrible here. not necessarily a good place to initiate a new short. >> drop in tesoro. >> i would stay out of the whole refiner space. >> pop for molson coors. >> talking about big volumes in north america. an upgrade on the stock today. this is a new 52-w

i brought up the dell reference because we would probably say apple would be here and dell would be here because dell hasn't done squat for about ten years. i was just trying to kind of show the power of time. do those types of companies and returns still exist today? >> well, so it's a great illustration. you see that perceived versus -- actually the same. we do see one opportunity outside of a solely ipo. we do have a company we think may have potential growth. vm ware. a very big, big broad perspective. >> vm ware. okay. i'm going to challenge you. i understand the cloud. i understand the enterprise. i get all that. but to have those kinds of gains, you really think vm ware is sitting on the cusp of that type of, say, 20 year future? >> i'm not going to say there'll ever be another apple. it's hard to replicate apple. even though we're seeing a price discovery rate back down in the $400 level. eight of ten businesses right now are investing into the cloud. a year or two ago, sully, people don't know what the cloud was. now people are getting their arms around it. they're seeing the co

dell shares sliding. >> two

adam: for some, dell might be fool's gold, but how about real gold? gold trading hire high are for a second straight day. sandra in the pit with the trade on commodity. >> a bounce back in yellow metal but nothing to make up for over $100 drop that we've seen over past week, a lot of volatility this week, but perhaps today, story is not a lot of trades exchanging hands, and not big movement in commodities across the board could lack of volatility in the trading session. sitting below that $1400 once you, we started the week above $1500. anyone hanging on to gold, got hit another wo 100 bucks this w. also repoots of stronger jewelry demand propping up goal prices today, what is out of favor is copper, copper, down today, poised for the biggest weekly drop in 16 months, with inventory reports showing that inventories are highest level since 2003. you -- weak outlook from chinese economy. major consumer of copper, copper prices down 6% this week. quantifying that volatility that we've seen in commodity market, we have a full screen for you, biggest mover

>> because their view is, if we can get a better bid -- and when i say dell, not michael dell. if they can get a separate bid that is a higher bid than the current michael dell silver lake bid or forces michael dell and silver lake to up their bid, they think $25 million is a good bargain. but at no time i remember when someone says, we want you to bid, they have never said we will bid only if you reim bus our expenses. >> roger alt pan was here, and he can't talk specifically about dell because he's advising the company on all of these things, but we did talk about what lee cooperman has said, about the buyout of a leverage idea not being something that's fair. and he said if you are very careful, there are some cases where it is and some cases where it isn't, but the company has to take pains to make sure it looks like they are doing their best. >> blackstone -- this is why i'm worried that blackstone may never bid or there's something weird going on here. blackstone explicitly said we won't participate until you agree to do this. not only that, originally when they asked for

i'm joe concerner wi concern ke becky quick. >> michael dell trying to rally the troops at dell. that's the company that he founded and is now trying to take private. dell says he is more energized for the future of dell than ever and claims that the company's best days are still ahead opinion it was filed with the sec. this is a continuing saga. among the parties that are interested in dell is carl icahn. he disclosed 9% passive stakes. in nuance. as andrew pointed out, this is the the company that is responsible for the software behind siri. you wonder who would be interesting. apple. maybe samsung. >> the question is whether they even need it since they have a long-term licensing agreement with them already. maybe you say go ahead. >> exactly. >> oh, i'm up. nasdaq is buying a electronic trading. $750 million in cash. the transaction gives the exchange more exposure to fixed income markets. listen to what he had to say. >> the first 12 months we think it will be a fantastic asset for us over time as these fundamentals drivers keep coming in. understand with the fed buying the

topic number two is dell. black stone is going to start due diligence on dell and the question is whether dell, michael, specifically, can work with the blackstone folks. reportedly he has never gotten along with dave johnson, one of blackstone's top folks. >> they are going to figure out that they need michael dell so they had better be able to get along with him. hopefully they will be a counter offer. i know who wants to do it as well. but look, did you see the proxy they filed? the pc sales keep dropping. >> as i understood it, both the blackstone bid and the i con bid would include some stub remaining public. >> they need to buy out the whole thing. he has changed his lawyers now. so does this suggest, john, you, a lawyer, that he's ready to partner with the government and sing against steve? >> even a couple weeks ago we were starting to hear rumors that he may be in a mor cooperative move. that gets along with the district attorney's office? >> this guy was the former chief of the major crimes unit. mig

. >>> is there a winner emerging in the battle over dell? could michael dell will the loser in the end? david faber with the latest details there. stay with us. revolutionizing an industry can be a tough act to follow, but at xerox we've embraced a new role. working behind the scenes to provide companies with services... like helping hr departments manage benefits and pensions for over 11 million employees. reducing document costs by up to 30%... and processing $421 billion dollars in accounts payables each year. helping thousands of companies simplify how work gets done. how's that for an encore? with xerox, you're ready for real business. departure. hertz gold plus rewards also offers ereturn-- our fastest way to return your car. just note your mileage and zap ! you're outta there ! we'll e-mail your receipt in a flash, too. it's just another way you'll be traveling at the speed of hertz. i'm up next, but now i'm singing the heartburn blues. hold on, prilosec isn't for fast relief. cue up alka-seltzer. it stops heartburn fast. ♪ oh what

michael dell has written an internal memo to rally dell employees in. dell says he wants kpt to overtake hp this year as the world's top pc maker and says he'll push deeper into merchant markets in pcs to get sales up. stock market, stocks gaining. s and p hitting a new record close on an increase in factory orders. and apple reportedly getting ready to start production on its next iphone. with improved hardware, could be out by the summer. apple is reportedly working at building a less expensive model that could come out later this year. >> thank you. >> thank you. >> a sam mowan airline is charging passenger as cording to weight. it's now defending the move. samoa air akoptd a pay as you weigh pricing plan saying passengers pay a fixed price per kilogram that will vary depending on the distance of the flight. families in particular because they don't charge a child for a seat they just weigh kids. the carrier serves domestic routes in pacific islands. >> if you can afford it you can buy a multi million dollar vacation home being unloaded by larry elli

things always slow down for hp, dell and apple after the holiday season. but these days they have to contend with smartphones and tablets stealing away customer attention and dollars. analysts were expecting pc units to be down, less than 8% from the first quarter last year. research firm idc dropped this bombshell. pc shipments down about 14%. >> been kind of a fail in cuts. every month, pc demand falling a little worse and ultimately, you say, wow, this upgrade cycle is still coming, the story is similar. >> and stocks of companies that rely on pcs relying the pain, consumers spending more on affordable touch devices and not impressed with microsoft surface tablet and windows 8 which tried to blend the touch interface with traditional pc software. >> i think windows 8 is not enough on its own, because it's got tablet capabilities and notebook capabilities and the tablet capabilities kind of get in the way if you want it for a notebook and if you want a tablet, buy an ipad. >> sherman is one of the analyst who's downgraded microsoft today. microsoft is pu

things always slow down for hp, dell and apple after the holiday season. but these days they have to contend with smartphones and tablets stealing away customer attention and dollars. analysts were expecting pc units to be down, less than 8% from the first quarter last year. research firm idc dropped this bombshell. pc shipments down about 14%. >> been nd of a fail cuts. every month, pc demand falling a little worse and ultimately, you say, wow, this upgrade cycle is still coming, the story is similar. >> and stocks of companies that rely on pcs relying the pain, consumers spending more on affordable touch devices and not impressed with microsoft surface tablet and windows 8 which tried to blend the touch interface with traditional pc software. >> i think windows 8 is not enough on its own, because it's got tablet capabilities and notebook capabilities and the tablet capabilities kind of get in the way if you want it for a notebook and if you want a tablet, buy an ipad. >> sherman is one of the analyst who's downgraded microsoft today. microsoft is pushing

in the letter dell says, quote, i am more energized for the future of dell than ever. together we built a great company and our best days are still ahead. perhaps they are. >> that's great. >> perhaps they will be for blackstone, if it, in fact, owns the company without michael dell being a part of it. that is the real story here. >> right. >> interesting he's trying to rally the troops and this is a distraction for dell. we saw an hp downgrade and one wonders whether hp is taking market share from dell as a result of customers saying what's going on? so these things do tend to have a potential impact not just internally, but they try to make sure they get out because you want to be reassuring customers, as well. >> i think there's got to be resumes coming from dell. >> how many stories do you have to read if the main reason they want to take this private is so they can fire lots of people, so on the one hand you're worried about being fired and then you take the note, and do you suddenly feel if you're fired that it feels better. in a worldwide slowdown for hardware.

i'm also saddened by the passing of former berkeley city councilmember -- city council person ma dell shirk. she passed away recently at the ripe old age of 100 years old. ma dell was truly the court godmother to be quoting [speaker not understood] godmother of east bay politics. the former city of berkeley vice mayor and [speaker not understood] was born and raised in jefferson arkansas as the granddaughter of slaves, she was passionate about justice and civil rights. during her tenure as the berkeley elected official she was instrumental in creating multiple city commissions including the berkeley commission on labor. when she retired she was 92 years old. she was the oldest elected official in california at that time. in 2007 berkeley city council renamed city hall in her honor. ma dell was commit today educating seniors and the entire community on the benefits of healthy living. she loved shopping for fruits and vegetables and you can often find her cooking nutritious meals at the west berkeley senior center. she leaves behind a tremendous legacy of over 70 years of public service

it might work for both performances on the stage or could be reversed so people can sit and face man dell plaza. >> what's the playground? >> our property at the bay view could be opened up to the children's playground. it's why we moved the current play area for the programs that take place now is along 3rd street. let me show you on this. >> so starting out it won't be connected? >> it's not connected now because there are two separate properties owned by two separate departments. but we imagine a time where we can put a single gate. the gate that runs between the two properties is not being changed but we do imagine m time it will be lovely for the community if we could link the two properties together. right now the children's area that is used predominantly by the tenant organization is here and we want to move it here so it could be synchronizity. >> are there any local neighborhood artist involved ? >> the arts project was invested years ago along the gym. but this commemorative plaza area will be a piece of public art. that has not been determined yet but this commemorative area w

i do not want to single out dell. yes, i was reviewing dell this morning. i think there is a problem with all of these things that are trying to be two things and one. we all know what a tablet is. it has to be right. you have to be able to carry it around. it has to have good battery life. these devices wind up being a fake heavy tablet. you are just not going to use them for long periods of time. connell: these are the tablets that existed before the ipad. they were big, clunky laptops. i just wonder why, and maybe the companies have market research that shows this, that there is demand for this. if you wanted to have it, you would just get a keyboard attachment or you would buy a laptop. is there demand? >> i am an expert on the demand. it does not look like there is a lot of demand for these things. i think that is a good question. it stems from the design of windows eight itself. instead of, you know, treating it separately or treating it as part of their phone efforts, they emerged it in with regular windows when you buy a windows hpc, you get this th

dell stock down around half a percent in frankfurt. >>> yahoo! and apple are reportedly in talks to expand their relationship on the iphone and ipad. the companies are discussing ways to get more yahoo! content preloaded on those devices. da data from yahoo! finance are on the ipad. reports say yahoo! has discussed ways it could provide web search results to apple so it could rely less on google although nothing is imminent. yahoo! up 2%. apple flat today. and taylor morrison priced ipo at $22 a share. the company sold more than 28 million shares raising $628 million. just latest of a number of housing related ipos. taylor morrison will list under the ticker tmhc. >>> coming up, wall street rally rolls on. we'll preview the trading day ahead. are you still sleeping? just wanted to check and make sure that we were on schedule. the first technology of its kind... mom and dad, i have great news. is now providing answers families need. siemens. answers. >>> just worth pointing out, this is the main manufacturer of apple. it's posted a 27.3% fall in m

dell fwats agreed to increase the quantity and quality of records. the parliament reappointed pack upon ju to the commission. he was appointed director of the light industry. he'll pay a key role in economic policy. >>> the economic interests of north korean leaders are in some cases trumping feelings of animosity they have toward their neighbor. they allowed south korean workers to cross the border on monday to operate a jointly run industrial complex. but some of the workers say the atmosphere at the facility has changed. north korean officials said over the woke end, they would close the industrial park if south korea continued trying to undermine their nation's dignity. they announced monday they would allow personnel in and out of the zone. many of the workers said operations at the complex were no different than any other day. but some mentioned tougher security checks by north korean authorities. >> translator: north korean workers did not respond to me even though i tried to start conversations. their attitude toward south korean workers has

please keep the dell stuff especially on the down low. yes, normally we would never divulge data like this. please be discreet. he was talking to steve cohen about dell earlier today. nine current and former executives at sac capital being connected to insider trading. for our cooperating. we do not know if there will be any charges. when you take a look at what the f ti is saying about steinberg, steinberg was that the center of an elite criminal club were cheating and co-option on corruption was encouraged. back to you. connell: you. north korea's leader says he will build up that economy and also the nuclear program. the latest on the tube between north korea and the united states. let's take a look at some of the winners today. the s&p 500. ♪ i'm only in my 60's... i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i looked at my options. then i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80%

when dell is, basically, dell's market cap is 17 times smaller than apple. and also the other data point about apple, it is trading at half the value of google even though it has three times google's sales. i don't get that. david: rob, i want you to address the skepticism about the analysts because it appears to me that apple still has that same kind of swagger, the post-drop swagger or the predrop swagger that it had in the past. is that true? has the new post-apple share drop reality sunk in over there? >> oh, i think it has. i mean, when you lose that kind of valuations, the executive team will feel it. remember a lot of executives are forced to invest massively in apple shares. so when those shares drop it hits them in the pocketbook and hits them hard, probably taking away at least on paper a good third to half of their, of their earnings. so, they know it and they certainly feel the pain. stock buyback and the rest shows that pain. liz: we've got to go. we'll pick it up right there with melissa and "money" with melissa francis. john bright, rob enderl

>> del has reached a deal to sell itself to michael dell, founder and ceo. carl icahn thinks he wildly undervalues the share. he bought stock in dell and said this deal isn't worth it, let me make my own offer to buy the company, or let's pay shareholders. >> we're also missing the big point. carl loves this kind of a thing where there is a crazy quilt scenario going on, a perfect storm for him. said we want to make this an even playing field. play by our rules. the last thing carl never once is an even playing field. melissa: nobody does. >> he told me once i don't believe in the word "fair." why should anything be fair? that is for idiots. melissa: address this specifically. does he really believe dell is undervalued, or does he know by virtue putting his own money at risk and getting involved he can jam up the value and make money? maybe he came in and blocked blackstone, make an offer at $4.50 for a buyout. in that case he caught bondholders at least money. >> he has a mixed track record, everybody has a mixed track record. in this case it may help share

. >> let's finally turn to dell, a deal that icahn has doone. he says he will limit half his stake at 10%. in return he'll get information that management says will maximize the chances of elitting a superior proposal. john karney, a good idea on behalf of the incumbents? >> look, i have to say wouldn't it be fansic to be carl icahn. wouldn't it be please don't spend more money and we'll give you better access? he's win in a deal, and he's won in this one. sure, i'll keep more of my cash to myself, and you let me in and look at my books. that's an amazing deal. >> jon? >> he does a great job figuring out situations, where he pretty much can't lose. i've got to say the latest pc numbers, we're likely to see from intel actually strengthened michael dell's hand. >> thank you very much for that bumper edition of rundown. >>> we have it's not where we were, we're only up 124 points, but at this stage we'll take it the the winners next on "power lunch." my mantra? trust your instincts to make the call. to treat my low testosterone, my doctor and i wen

it's one of 11 dealerships owned by the dell grande group which has hired more than 70 veterans. tomorrow at a job fair in san jose, they plan to hire 40 year. john gudinas is an army reservist who has transitioned into the role of general sales manager at oak tree mazda. he works alongside other veterans. the dell grande dealership group hopes to dozens more veterans because they have strong skills that can help any business succeed. >> the veterans we presently have working for us are hard-working, team players, team builders, leaders at our dealership. they're not afraid to work hard. they work for a common goal. >> reporter: julius tabian is a lot attendant at the dealership. he's an army reservist who completed two tours of duty, the latest in afghanistan. he knows how tough it can be to return to civilian life and is happy to see the program hiring our heroes is offering other vets a chance to succeed here at home. the vets say their attention to detail and leadership skills sets them apart from other employees. our highing our heroes program nationwide has helped 18,000 ve

it's urging the committee to act in the best interests of all dell shareholders. stock trading up 1423. this really is a case of the worm that turned on the investor, tiely. >> absolutely. simon. last week eamon javers, on policy changes that had been leaked to a wall street political intelligence firm down in d.c. it moved the stocks. it was a case where insiders had access to information, and they profited from it. how the senate financial committee might change the rules of the game. eamon? >> it's one of the trickiest questions here in washington facing investors. when is advanced information about something that congress or government regulators might do actually inside information in terms of trading on stocks that will move as a result of that news? last week "wall street journal" first reported an incident involves insurance stocks that moved based on a proposed change at the centers for medicare and medicaid services. today senator chuck grassley was grilling the proposed new head of that entity called cms. he said he hopes that she understands these kind

. >> sell dell, sell dell, sell dell. >> and what would be in the proxy and what was there and told people it might be a $3 billion operating number and maybe lower. who knows where we are right now? jim, you're right. it will be interesting if if you're in the southeast you're saying pc shares don't matter. >> chanos is on at 12:00 on wapner's show. i would love to hear him say dell is, like, a $6 stock. >> he has an absolute opinion on it. >> i can't wait to hear him. >> meantime, we'll talk to the broadcom ceo in a little while. >> he delivered. >> did beat by nine. >> good for him. >> he exceeded and obviously, a lot of the business coming from smartphones. >> one of the things -- i held on for that stock for a long time for the charitable trust is they're a big samsung component and that has not helped him until today. apple put a floor into the stock with that dividend and these analysts may all hate it, but if you're trying to figure out whether to buy procter today and you're thinking everybody buys the stock. the reason they were so mum on their cash strategy is because they knew

george cluchey, bill dell monte, and billy hook. san francisco, please. crabtree. >> c'mon, everybody.♪ [singing san francisco] ♪ >> [ applause ] . >> courtesy of city college of san francisco's great culinary department. hot soup. where is our soup? who knows. who knows where the hot soup is. >> right here on polk street. is that where it is? hot soup on gearey. good. first, some words of wisdom from our supervisors. take us to our leaders, please. >> hi, everybody, london breed representing district five and i'm so happy to be here today. we are here doing what san franciscans do best. we are improvising. we made what? actually we made soup out of out of lemonade. i want everyone to remember that back then san francisco was pretty dark. i know some remember that. we have an incredible fire department. the fire department and police department are the strongest safety units anywhere and i know in any situation we can get through it because we are san franciscans. my colleague president david chiu. >> good morning san franciscans. i can't believe you

. >> that's because of michael dell himself. >> yeah. i mean, outside of that, you couldn't have done it. if michael dell didn't own that big chunk that he owns, he wouldn't have been able to command that off shore capital to come back to finance that deal. though, i still, don't think that access to cash, whether it's your own or else's, it's not to me the reason that we're not ecessarily seeing the deals, and, you know, it could happen, in terms of lso spin-offs and leverage lean caps slonksz other things. private equity is doing other offerings. they're on the selling end, and looking for deals on the buying end, not finding as many. >> mike, give us your quick read on the rally as we sit here, right? dow 15,000 entering into the conversation this week. >> yeah. i mean, obviously we were destined, it seemed, to get the indexes to that new high or the s&p joining it. you know, i still feel as if the kind of underpinnings that remain in place of what we've had like the strong credit markets, this preference for stocks has been carrying

union square improvement districts and tremendous work that they are doing down here, joe dell sandero with travel and of course due to mayor lee's efforts it's a time for tourism and general manager in this city. thank you. visitors information center. it was a freudian slip because it improved tremendously and it couldn't be in greater location. so all the visitors that come to san francisco from the airport stop right there and come here for information on things to do in the city. it's tremendous for me to be the general manager because i have concierge but the volunteers and the people here are an extension of concierge and giving information for all the visitors that come in and make this a world class city and really visit all the areas, the restaurants, the attractions and everything else this city has to offer. i want to thank again san francisco travel because they are the ones who market tourism, no. 1 industry in san francisco and again i want to thank you. i want to thank the volunteers. as mayor lee has said, you are the ones that truly breathe live into this city. and yo

apple's market cap is 17 times the size of dell but pe is the same as dell. it is trading half the value of google with three times google's revenues. being valued the same as microsoft and samsung. those two have a fraction of apple sales as well. you know the thing is with apple, it is of course steadily guided its profit forecast down. it has been cutting it eight times in the last, made eight downward revisions since the second quarter forecast. it has lost nearly 290 billion bucks in market value sips the september 2012 peak. ashley: bottom line, even held to a higher standard, this is a company that is still when you look at it pretty darn good. >> it is the victim of its own success. ashley: right. >> the victim of very large numbers it has been posting. another thing they're watching, what will apple basically introduce? it has been seven months since the last new product. we used to measure that in years, right? when iphone or ipad, when steve jobs introduced it in 2010, basically was trading at 200 dal a share. it is price performance is better than

to take dell private and dell shares are trading down in pre-market trading. general electric releasing first quarter earnings this morning and the company reported a 16% jump in earnings versus next quarter. last year on increased oil and gas drilling equipment sales and ge shed the last of its stake in nbc universal, and we have some breaking news, i believe. i'll go to beck owe this. we apparently have breaking news and not sure where we're going for this, but it does -- the affiliate in boston. i take it back. art hogan is standing by at lazard in boston and the events of today have shut down a wide swath of activity and this is not boston, this is not business as usual in boston. at this point about a million point are asked to be sheltering in place where they are by the police. we spoke with art hogan earlier -- >> instead of going to art, the -- those are important -- ibm's down 10 at this point and the futures are now, they were up -- instead of going to art, no offense, but we are now down mostly because of ibm being down ten points after a weak earn

talked about today, the identity crisis, apple's trading in a price to earnings ratio comparable to dell. tell me which stock you want to own. gerri: stocks cheap for a reason, doesn't mean they are a good value. is apple? >> you have to look a little bit going forward, and apple had strong demand in china, and the number of stores opening there is actually pretty fast. they are going fast there, so that's one thing so keep an eye on international growth, but also look at the fundmental disruption apple's doing now. interesting piece of data, the increase of ipad unit sale, year on year, jives up really nicely -- increasedby 8 million yiewns, that's about how much the pc market declined if you add up -- gerri: wow. >> add up hp, dell, and others. gerri: very interesting, and, yet, those profits this quarter down for the first time in ten years, and personal look at tha and think it's over. new management, concerns that steve jobs is not there. what do you think? >> it's a maturing company. you see increases in dividends and buybacks. there's been a buyback authorized for ten years, done

people are more upset with dell because it is an insider who and knowledge of the company taking a private member's this on 10 is an outside group. >> thank you, we'll check back with you at 96 scene with winners and losers on wall street. >> it is an awfully wet over a year over the past 12 to 24 hours. >> that is right, and looks like most of that activity is centered in the heart of the bay area. that is a wide view, as a me and areas of yellow indicate where we are seeing the heavier downpours. keep in mind the showers are moving from south to north. heavy rain for emeryville, 655 or 7:00 for berkeley. albany, seven of sale and expense abbey's hours and the richmond area at 7:09 a.m. this morning. but the at the wider view, satellite and radar showed the shower activity and the direction it is headed in. it is approaching from the south and rotating out of here. the area of low pressure continues to work its way east. we're waking up to cloudy skies, we have the possibility to see off and on showers, even as the afternoon. temperatures are on the warmer side, and mid- 60s and fairfield

talked about today, the identity crisis, apple's trading in a price to earnings ratio comparable to dell. tell me which stock you want to own. gerri: stocks cheap for a reason, doesn't mean they are a good value. is apple? >> you have to look a little bit going forward, and apple had strong demand in china, and the number of stores opening there is actually pretty fast. they are going fast there, so that's one thing so keep an eye on international growth, but also look at the fundmental disruption apple's doing now. interesting piece of data, the increase of ipad unit sale, year on year, jives up really nicely -- increased by 8 million yiewns, that's about how much the pc market declined if you add up -- gerri: wow. >> add up hp, dell, and others. gerri: very interesting, and, yet, those profits this quarter down for the first time in ten years, and personal look at that and think it's over. new management, concerns that steve jobs is not there. what do you think? >> it's a maturing company. you see increases in dividends and buybacks. there's been a buyback authorized for ten years, don

dell fell 279% to 13.40. that's below the buyout offer. >>> major earnings continue to dominate markets this week with big names stepping up to the cart this week, including pat pillar. ♪ [ agent smith ] i've found software that intrigues me. it appears it's an agent of good. ge has wired their medical hardware with innovative software to be in many places at the same time. using data to connect patients to software, to nurses to the right people and machines. ♪ helping hospitals treat people even better, while dramatically reducing waiting time. now a waiting room is just a room. [ telephone ringing ] [ static warbles ] [ beeping ] red or blue? ♪ >>> here is a quick look at markets across europe. spain up 1.2% almost, even though it just reported higher than expected deficit figures for 2012. italy doing quite well after napolitano as president has been re-elected reluctantly to aekd is term. on the agenda in the u.s., march existing home sales at 10:00 a.m. showing a small gain of about 1 is% expected