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tv   Street Signs  CNBC  January 10, 2013 2:00pm-3:00pm EST

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street signs all about opportunity today. it is brought to you by the number ten. well show you some of the top stocks in america under 10 bucks and two five star fund managers. that's ten stars. give you some of their favorite picks. herbalife showdown. the company fighting back. the stock bouncing back. herb is back. plus, why gold has glittered in more than a year but really if it ever really again the way it has. and we will show you the coolest thing on three wheels, a car that you've got to see to believe, mandy. >> i cannot wait. now despite the fact that we have had very little move many in major averages, in fact only moving a few tenths of percent in either direction. nonetheless, five of 10 s&p large cap sectors trade at multiyear or all-time highs and
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financials materials industrials healthcare and consumer discretion. in the meantime, let's find out more about what is happening in the markets and get down to the floor of the nyse. then rick santelli. bob, yes, another blow to investor confidence and the man versus machine today, right? >> yeah. a little bit of problem with trading. that's a bit of an issue. i think the important thing is that these trading problems are around for quite sometime. it is coding issues and there's a problem with getting access to the incredibly problem information and sorting it out. i just want it make a quick comment on the earnings situation because the important thing is, only 5% of companies are reporting. but so far, some positive comments. here is early comments we've gotten numbers from, oracle, fedex, costco and they all had positive things. just a quick comment on where we are going from earnings. so far, 5% of the company is reporting. it is very, very early.
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but good news so far is record earnings from some companies putting up that full screen. i will show you a trough for earnings in the third quarter. i think that's very important. bad news here, mandy, we are still not getting any kind of top line growth at all. i don't anticipate that will change. maybe companies will be more optimistic in their spending habits. that's what i would like to see. >> that's what i would like to see. thank you very much, bob. rick santelli, as we saek from the fed's bullet earlier on and from feds, george, lots of interesting things they have to say. how is it affecting the bond market? >> the bond market rates are generically up a little bit from yesterday. but at 1:00 eastern, last of the three auctions mandy. as you can see on the charts, we saw a rally pushing yields down into 30-year and at the same time, rally at 1:00 eastern in the stock market. so the correlations traders playing one off against another. also, watching that housing decision from the consumer
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group, you know, one exception of course is for low income. isn't that how we got in the mess with sub prime in the mi place? is there a long-term implication for the market? >> indeed. i'm just mentioning here, that the kansas city federal reserve president says the fed might be contributing to the next asset price coverage. i think we know which way she is sitting. thank you very much rick santelli. >> you know the adage, as goes january, so goes the year. you might also know this one. as goes the first few days of january, so goes the month. the s&p 500 is already up nearly 3% ipso facto, it is going to be a good year, right? hhmmm, let's find out. small institutional fund and five star rated intrepid, ten
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stars between them. join us now. craig, is 2013 going to be a big year? >> i look for a similar year to last year. we didn't have any big great news last year. the market to me look extremely underowned. we will have hiccups under way. i think there will be opportunities to make some buys. the debt ceiling will be another issue. but last year is no real good news. and we had a fantastic year. i look for more of the same. stocks are extremely underowned. so we are looking to buy great businesses on sale. >> mark, do you agree with craig? will 2013 end higher for over all stocks than it began? >> you know, brian, i like craig and respect him greatly. but -- >> that sounds like disagreement right there. >> with all due respect, he's wrong. >> no, i think to annualize the
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first seven days, you know, somewhat, you know, ridiculous. but i think -- >> yeah, okay. it is ridiculous. now we're fighting. here is the thing, that's what history -- history says -- history has shown, not always, that it does work more than it doesn't. >> well, you know, i think that there is always that first time brian. >> i think it does but they will take their lumps early in their next term which is where we are today. i think the bond market moving right after the announcement of the so-called avoidance of the fiscal cliff is somewhat telling. but they call them in the clinton administration are getting warmed up and you move up the dispount rate and move the price down for shares. so you know, i prepare for the -- i hope for the best and prepare for the worst but we
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will see. >> hope for the best and prepare for the worst. let's talk about that craig. if you say you use volatility to pick up great businesses, what exactly are you picking up? we can't control events but we can use the dips to buy good things. >> there are a number 6 things. people might think i'm nuts here but one of our favorite areas of the airlines. airlines if you ask 99 in -- a hundred investment professionals, 99 will say no way and most people will say they are just trades. but we think there's a real change in the airline business. and we also a big stake in u.s. air. we have doubled our money. i think we will double it a from here. you will see u.s. air stocks around 15 next year so trading about five times earnings. same with delta. almost the exact same earnings
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and exact same price stock. they fixed their businesses. kind of like the railroads were in '03 and '04. no one liked them. they came in, changed the models and now they are working. those are areas that we think are underowned and have traction here. >> all right, mark. your picks however have not done well. what makes you think that a big lots and staples, two of your picks, are going to turn it around? >> you know, brie notan and cra over the millennium, some would have been better served if someone shot orville wright over kitty hawk. i think that those companies trade for a very low multiples of enterprise value to operate income five to six times which
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if you do just the inversion of that, you know, the way i look at it is you will get a mid teens pretax cash flow yield. and the case of both staples and big lots, they have been aggressive buyers of their shares. in the case of staples, 2 year percent, and close to 3.8 in the dividend. so you know, and look at big lots. they bought in a third of their shares in the last three years. which is, you know, aappreciable. so i think there's a disconnect between price and value and what others appear which they may will take advantage of it. we hope those two work out and i hope the airlines go to the moon for craig. >> apart from those airlines, craig, have you stocks on your list here. >> yeah. i think brigs and stratton, a name that you may not be familiar with, they make engines, mostly for lawn mowers. kind after housing play. there's been a drought and you will see an uplate from that.
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when housing recovers. >> but it is also a generator play. i was just about to throw that in there. everybody went out and bought generators. >> exactly. >> they will get a boost from their generator business. i think that looks good. we still like the energy area. atwood oceanonics. those are names we think look good from here. >> happy new year, since we haven't seen you since. see you again. >> thank you. >> thank you. >> there are picks but to buy them you have to have confidence in the stock market, right? in a shocking announcement last night from trading platform, that certainly can cannot help. but the firm says it does not give customers the best price on hundreds of thousands of trades over as much as five years. let's bring in joe, partner at trading. >> thanks for having me back.
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>> we were talking about this earlier on with bob pisani. he said, give them -- they identified the problem. immediately let everybody know. but the problem was existing over four, five years. how come they didn't find it earlier. >> great question. also late lit public pressure, whether whistle-blower suites or made the public aware of what is going on. so it is made quicker. let's be real here. this problem that that had is certainly existing but also exist across the entire market structure. what happens is we are seeing all of these cracks going on in the market. last year the new york stock exchange was fined $5 million for illegal -- not illegally but sending out information to clients. what we have is a situation where the market structure is overly complex. where the regulators are not enforcing the existing rules. >> maybe not enforcing it, or they don't even understand what is going on. >> can they see it? can they find it?
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when you have these trades and quotes going on throughout the day and sec today hire a firm to build a system that they should have had years ago and consolidate the trail now waiting tore built for years? what's going on? >> buying a stock should not be complicated. they did it under a button wood tree 1792. you have a stock, i want it. we come together. find a transparency, shake hands, we have a deal. why is it so darn complicated. >> exactly. they have taken a simple pros answers unnecessarily complicated it to provide opportunities, whether based on speed, or to types, so it can basically they are higher volume client that demand this type of stuff. the exchange is unfortunately, have kind of lost their way. have forgotten what they are supposed to be doing when it comes to investor protection, capitol allegation and formation and now cater to hft.
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>> it is hard to detect so how do we know there are not other problems. maybe some are aware of it but not telling people. >> they have even hinted that saying there may be more. >> from an investor point of view, i would watch this and think, why would i want to get involved in that. that's an level playing field. >> exactly. a very simple process. in the meantime, underneath this is an entire world of hft. building wires from here to chicago. it doesn't need to be that way. it is same many system. so what the regulators need to do is take a step back now thp they created this. the ultimate rule change which violated over 400,000 times and we don't see fines here. but that a different story. >> are you confident things will get better? >> no, worse. >> i will tell what you bugs me, right? we two to decimal pricing then the models. they say, we have lower prices to add for volume and blah blah
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blah blah blah. that's garbage. the last four years, volume has gone nowhere but down. trading execution costs have gone nowhere but down and volume has gone nowhere but down. at some point do we realize that cheaper isn't better when it comes to this. and if you don't have confidence, you won't have investors to worry about the price after transaction. >> you're absolutely right. and there is different types of cost. maybe the trade cost you see is coming down but there is an implicit cost. in high frequency trading, it wouldn't be built unless there is leakage somewhere. >> well, guess what, lack of confidence in capital mark set greatest cost of all. >> so now they take a step back. take some toys away. get rid of some of the order types out there and create a real stock market. maybe not in for-profit any more. go back to the meu tmutual orga. we aren't saying take away technology. everybody likes that. but take away the implicit, games that have been put in
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there for the expense of some investors. >> we wonder why retail participation is so low. thank you so much for coming on. okay, coming up next on "street signs," lots and lots of news flying out about herbalife today. and herb is all over. he will be joining us here on the seat with his take. >> and bargain buys. bringing you some of the best companies in america trading for less than 10 bucks a share. and later on, could this be the car of the future? 84 miles to the gallon. under o 10 grand. and oh, yeah. it is right outside. as "street signs" rolls on. >> i don't think can you even fit in that thing. ♪ [ male announcer ] how do you make 70,000 trades a second... ♪
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the incredible story around herbalife keeps on giving. >> one day after hedge fund managers dan loeb says he is long the stock, we also find out that carl is long the stock. we haven't seen a fight like this in a long time. >> no, this is a great one. i have to tell you something, once today you had the company coming out in the morning analyst presentation, and coming to basically saying to everyone, this is a very slick presentation, their bot oom line, we are a legitimate business. and look, they have to start
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running commercials. all sorts of things you wouldn't expect from a multilevel marketing company. they know they have to do a bet ever job communicating things. then outcomes bill ackman with a statement of his own saying what they presented was distorted, manipulated. he will have his own set of questions on the internet. >> and i have been watching herbalife stock over the course of the day, right? i was watching herbalife shares up over 2%. then the exclusive interview that cape kelly did, right, with herbalife. >> bingo. >> and the stock started appearing its gains and now it is down by 3%. what do you think it was in particular that turned negative? >> exactly. when kate asked the question about something that michael johnson ceo said to her several weeks ago on air, that 90% of our sales go to customers outside of the network. not distributors. that's a huge number. no one ever heard that number. i sat there and said, where did
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that number come from? she asked and he said, it was in the heat of the moment andis misstated that. what he said is that 90% of their tris distributors are for, quote unquote, self consumption. now that gets into a very interesting area. if 90% of distributors are buying product for themselves and have you turn over between 70 to 90% or whatever it is every year of distributors, that's nonsustainable. >> where do regulators stand in all of this? >> that is the question, mandy. i asked david, until recently was head of the consumer protection at the ftc about this, and in an interview, for my documentary, selling the american dream. >> well, if 90% of the distributors are failing, what does that say -- if 90% of 2.7
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million every year, right now talking 2.7 million for one company -- >> that doesn't mean that company made misrep zen statirm. i don't know what the failure is in united states but it is not high 37 when we get consumers willing to tell that story in the efficient number, willing to stand up and be counted, then we can did something about it. that is the way we work. because consumers like that, instead of talking to reporters, come talk to us. >> that answer does not surprise long time multilevel critic roberts fitzpatrick who runs the p pyramid scheme alert. >> why would we be surprised that nobody took action. we have a famous whistle-blower spending 8 years to get the sec to look at madoff.
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how many other whistleblowers ask the sec and federal government to look at the banking industry to look at run up and sub prime industry. how many asked the government to look at government loans to students for private universities gouging student. >> in the end our investigation shows as is often the case those that can afford to lose the least, lose the most. >> what they are doing is preying off poor and middle class families and we are paying for all of the opportunities that they have. i gave $10,000 of my money and i see them on their videos portraying to be this wonderful company who is saving and helping lives and that's not the case. all people down line from them are paying for their lifestyle and to me that's fraudulent. >> that is nicole lopez. she lives in utah. she was kind enough to share her experience with us. >> is a little snippet after much larger documentary. if you were out -- if you are
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interested, and i'm sure you are, catch herb's full length documentary on herbalife at selling the dream.cnbc.com. i know it is already getting a lot of hits, herb and looks absolutely absolutely intrigue egg and the story is definitely not over. >> as i like it say tell your friends to tell their friends to tell their friends to tell their friends. this is multilevel marketing, pass the word. >> fantastic. i love the irony on that, herb. great work. thank you. by the way, breaking news. tim geithner will stay on as treasury secretary until january 25th. that is, of course, not assuming if jack lew is confirmed. geithner is probably gone either way but he will stay on a couple more weeks for the president. so tim geithner will stay on until january 25th. >> the taxing amount of time it will take us to do our taxes this year. it is today's thing that makes you go hhmmm. >> and has gold lost its shine? or is now a golden opportunity to buy?
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and individuals will spend preparing their taxes this year. that's a equivalent to 3 million full-time johbs on an annual basis. >> when i lived in singapore, you know how long it took me to do my taxes? >> six weeks. >> 15 minutes. you go on-line, put in how much you earned and then you're done. >> how much did you earn? >> $3 an hour. flipping burgers and mcdonald's. the thing is, there is no deductions. they keep rates very, very low. much lower than here. there are tricky loop holes and deductions and special interests and that kind of thing. it is very straight forward. >> more complexity. >> more complexity. you're welcome mom and dad. >> yeah, hi, mrs. sullivan. . okay, gold has been pressie but it is bouncing back today. let's get to share on with today's action. what are we seeing, sharon?
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>> mandy we start with gold prices near $1700 an ounce and now it looks like gold is heading back it that direction. we are looking $20, 16.75 an houns. this after there are comments and also on that positive trade data we got out of china. but gold still pales in comparison when you look at platinum. the platinum group had been on fire this year and we're looking at the ratio between the two at about $40. that the tightest it's been since april of last year. so where is gold headed? a lot of folks are looking at 12-year bull run in gold and saying, yes, we are likely to see another run this year but from a slightly lower base. we are looking at barclays, latest report saying they see that 1778 an ounce. that is below where they had the forecast in december. a lot of firms ratcheting down price forecast but still saying it is a strong year for gold.
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back to you. >> sharon, thank you very much. gold was higher last year, but it was the smallest yearly gain for gold since 2008. so is this the year that gold finally rolls over? let's bring under mike, president at boston advisers. mike? gold? up or down this year? what say you? >> oh it is going to go up. we are positioned that way. we expect to see higher prices of gold. you know, sharon is right. gold rolled over a little bit over the last few months and with descent reason. we've seen the ten-year move up. real interest rates become negative. india, more rumors about taxing imported gold in india. higher taxes, rather. so there are a cup couple of things slowing down. we think there is real positives. we don't think that -- i'm not betting against a bigger fed balance sheet and competitive devaluations around the globe. >> and if it does go up mike, how much does it go up?
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where will it end the year? >> it wouldn't surprise me. 1750, 1800. wouldn't be a huge surprise. you know, right now, guys, the sentiment in gold as investor class is pretty negative. about as negative as we've seen it. it usually has a pretty good indicator of saying we will see a descent short term pop anyway. >> i find it difficult to try and work out exactly what the driver for gold is. you remember a time and ultimate safe haven, right? safe haven against inflation. safe haven against gee why politics. we don't have a huge difference of geo-political problems right now. you might feel there sin fla inflation. so what is the main driver? a currency inverse trade? what is it? >> yeah. we look at gold as, i think, the easiest way to think about gold is you store a value against central bankers around the globe. it is not that complicated.
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nobody can print additional gold. nobody can buy bonds nominating gold. you can't generate more than the typical 2, 3, 4% goej rate you see in the gold supply. as a result, it is clearly thought of by currency at least some in the investment security. gold has been going up against every kurn sit last ten years. that's a direct result, we think, of central bankers losing sight of what they are supposed to do. >> president of boston advisers, mike, we will get you on soon and talk about it. thank you. >> coming up next on "street signs," get your pencils out, guys. we have found you dollar deals with best stocks under 10 bucks a share. >> how about this? lean green micro machine could change our nation's roads. we are going to either try to take it for a spin or just steal it, coming up. this is $100,000.
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gangnam style is "street signs" style. we have splg we like to call know key gentleman. >> nokia is having its best
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trading year in 12 years. chief underlined profitability ahead of the earlier forecast. strong sales with the new smart phone also with 1500 euros in patent fees and networks did better still. this stock nearly tripled since july. although, well, well, well off its multiyear highes. >> remember how when it first came out, people thought it was a japanese company, nokia. >> up from a high of $36 target. about 10% more on the price right now. increasingly attractive to the stock, pulling back. they believe this represent a good place for investors to begin building positions. the outlook for business remains solid. in other words, people will continue to smoke. >> addiction is the perfect business model. >> goldman upgrading from neutral to a buy, saying this is a great way for better freight
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throws they see this year. they say the valuation remains quote undemanding. that's their word. stock though, be careful, up 20 bucks a share in six months. >> cutting forecast and cash flow is below expectations. sagging rare earth mineral prices and production to blame and mines. that, folks, was $35 stock nine months ago. ouch! >> we have a lot of numbers out from various retailers. one is aeropostale. >> you know, shame on me. >> don't be a downer. >> down 1.5%. though well off the lows for the session. christmas sales drop 6%. and when you look at the fact that competitors like american eagle and urban outfitters were up, very bad for aeropostale.
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ceo says sales trends deteriorated significantly in december. >> okay. today's show is brought to you by, the number 10. we will give you some bargain buys under 10 bucks. showning us now with paul hickey. we are not going to make you go through all ten because people will click or fall asleep, paul. give us the top one and we will do the top three. >> yes. what we are looking at is stocks to track fundamentals and chart formations. first one is boston scientistic which has been a dog since 2006. stock trades with a market multiple. there are there digit earnings growth. but the company generates two thirds ever sales from cardiac care unit which is mostly pacemakers and defibrillators. and the big problem with these devices throughout the years has been the leads which go into the heart. now what makes boston scientific attractive here, is recent acquisition they made after private company, which has a
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patented potentially revolutionary technology where you can get the benefits of a defibrillators without having leads good into the heart. a much less risky and potentially expensive procedure for the doctors, and lowers their potential for malpractice. >> sorry to cut you off. the next stop stock you picked out for us, i had to take a double-take. it has been argued over by short sellers for a long time. that is taser. how did taser make your list? >> well, taser, you know, their earnings growth is, in the fast pace of earnings growth, not a cheap stock by any means. but the whole gun control debate without taking either side of the debate here, we seem to have reached a tipping point over the last several weeks here. and any legislation that makes guns harder to legally obtain, is going to benefit potentially -- potential
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alternatives. and another aspect which makes taser somewhat atrackive here is, while there is talk about arming people in schools and most people i think are against that, but i think more people would be amenable to having maybe a security guard with a, you know, a nonhandgun type alternative to subdue potential intruder. >> i have to agree with that one. i would feel more comfortable with that in my kids school. paul, the last one is united on-line. >> right. taser may be an expensive stock. united on-line trades on ten times earnings. more conservative here. 7% yield and done so for a very long time. the company owned ftd florist network and dial up internet providers netzero and juno, which aren't exactly a growing bids admittedly. but net zero has been expanding into mobile internet usage and there is a niche use for that
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product. and they have the earnings to cover the dividends. so it may not, you know, graduate to above $10 but it is paying a nice yield. >> probably the first time in five years somebody said dial-up internet on this show. anyway, paul, i know there are a few stocks you picked out. i'm sure your clients or customers can get the rest from you guys. >> exactly. >> thanks for bringing it to our attention. thanks. >> now to brian for a quick market flash. brian? >> hi, mandy. best buy, bby, up. jeffreys came out and said they expect market share gains even as marketability. i want to point out that smart tvs are the hit of the show. people assume that would be a net positive for best buy. it is up 5.25%. >> is best buy as well? brian's draft pick. a silent woohoo in the back here. being the objective journalist that you are. >> i did it, i'm not objective.
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it's my pick. >> outspoken silicon valley tech titan is taking aim at oracle. our talk with jim and co-founder of smp is next. >> taking a trip in a time machine. aol agreed to buy time warner for $162 billion. nine years later, time warner took the deal quote off line and separated. this, my friends, widely considered the worst deal in the history of deals, except of curse plndy, bit folks who got really rich from it. >> yeah, let's take a look, by the way, at how the stocks have done since then. people really love snapshot from progressive,
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coming up on the closing bell. gm and ford hitting one-year highs for the day. which drives that even higher. we've got that trade. and hedge funds by women are out performing the rest of the industry. how come just 16% of hedge funds are run by women. and recreational marijuana use is legal in colorado and washington state.
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now we will see what lights up sales by launching pot machines in these states. now more "street signs" with mandy and ryan. >> thank you. let's talk about software and software giant sap making a big time move into realtime apps today and they are sending another blow across the bow of their main competitor oracle. now joining us with the chairman of sap, john? >> i'm here with elder statesman in tech and your stock, by the way, at all-time highs up 3% on the day of this announcement. that's what i want to talk about. >> thanks very much. >> thanks for being here. your business week will run on your data base as well as continue to run on other data bases where it runs but hannah a big run for you with oracle big in that arena already. is this going to spark hannah growth for you? >> first of all, this is the biggest announcement since the
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launch of our three nearly 20 years ago. we have a tremendous opportunity to improve business processes, significantly. we can show this. this will be attractive to the existing customer base and it'll be obviously, this is what we hope, very attractive to new customers. there are new customers which are so large. some in america, some in china. we couldn't run them without hannah. there is a huge opportunity at the other end. we can provide now hana for a very small companies together with the anallication called b1. so hana will be everywhere on all sap product but as you said, we also go forward in a nondisruptive mode for other data bases so the customer has choice. >> tell me about acquisitions. used to be sap was allergic to doing big acquisitions but over the past few years that changeed. you did success factors and the year about that you did side base multibillion dollar
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acquisitions. are you going to do another one any time soon? >> we're not allergic with regards to acquisitions, but you know, not all acquisitions work and there are a lot of failures. have you prominent ones here year around. so i was always careful and as a chairman, now also careful because that's the oversight the supervisory board has. >> but now that we -- >> we have a string of three good ones. >> yeah. >> so business object, when they said they are available, i said for my siting with yes, within minutes. when bill mcdermott asked me, give me the three names of companies you were interested in, and the number one name was cybase because we were going into the data base and cybase was number four and a great acquisition. >> one last question and tell me, we are running out of time, larry ellingson criticized hana
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saying it won't gain market share. are you about to prove him wrong? >>? n a few days we have our press conference. the year-end press conference for 2012. and if he listens or somebody listens for him, then they will get the facts. >> we will certainly be listening. thank you so much for joining us ex exclusively. >> thank you. up next, we are heading outside. they will free us and we will go outside to play with this puppy. what are you doing? nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go...
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we got clients in today. [ male announcer ] save on ground shipping at fedex office. [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission?
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♪ whatever your business challenge, dell has the technology and services to help you solve it.
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move on and talk about this thing, right? start up firm, ileo.
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how does this drive. >> front engine, front wheel drive. all of your traction action starts up front. >> is a mule as opposed to a prototype. >> it is not as sophisticated as prototype. you get a feel of how it will drive. size, ergonomics those types of things and we are in the process of ticking it off right now. >> the delta wing and proving that things that look sometimes different can be better. why build the three-wheeler, not traditional four-wheel car? what is the attraction? >> front to back seating. half as wide -- >>? track? >> yeah. half as wide and we get double the mileage. there is no magic here. we get 84 miles per gallon and that's what drove the design. >> i understand you had reservations but it is not yet on the market, right? you haven't even begun production.
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so when will people be able to take this on to the roads? >> we should start production in 18 months. june of 2014. >> what is the approval process on the safety? >> technically a motorcycle because of three wheels. so the federal approval process is light. however we will meet all of the four-wheel standards. >> let's go to the real deal. top speed? >> 107. >> that's not bad. it flies. it really does. >> down hill with the wind to your back? >> no, flat no wind. >> where is the money coming from? who is funding you? . >> we have a capital stack everybody is comfortable with. >> can i fit? >> absolutely. let's prove it. people say, there is no way that tall fat guy won't get in that car. >> is there a name? >> no name yet.
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we will hire a professional company to name it. a name is important. >> what about a twitter poll? >> that a good idea. >> don't call it the nash or corver. >> what colors does it come in. >> eight colors. >> no problem. >> standard white, black, blue, red. >> air bags? >> there is a lot of room in here. >> yeah, from chest to door is about an inch wider than most cars in both directions. >> how are you feeling? there? >> i dig it. it is like a sedan race car. have you roll cages. >> correct. full roll cage. >> you have nice pedals. utilitarian dashboard not overly complicated with buttons. i'm sure you will tweak it. i dig it. >> how do you sell it? through retail network? do you have for examples t established distribution.
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>> we will have physical presence in the top 60 markets. >> do you have dealers interested? distributors interested? what are you talking to. >> we're not ready to roll all that out yet. this is a big proj egt. for the first 12 weeks focus on the product. next 12 weeks on the supply base. >> you have 1500 people getting jobs in indiana. >> yes. >> and initially sold in the u.s. pch if successful here, will you go elsewhere? >> that's our deep desire. i became an engineer because our trade deficit bothers me. i would love to try to make a difference in that. i think we can build this vehicle in this country and ship it abroad. >> i love your attitude. >> i love the car. it is just beautiful. >> takes guts. thank you so much. good luck with the soon-to-be-named elio. >> yes. you should get helio castroneves as your spokesperson. next up, imagine rolling
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over and -- >> oh, no. >> -- hearing that tone. >> waking up to me. >> we've got a -- >> frightening first thing in the morning, by the way. >> a real story. >> it is real story. stick around. . ♪ ♪ [ male announcer ] don't just reject convention. drown it out. introducing the all-new 2013 lexus ls f sport. an entirely new pursuit. at 1:45, the aflac duck was brought in
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with multiple lacerations to the wing and a fractured beak. surgery was successful, but he will be in a cast until it is fully healed, possibly several months. so, if the duck isn't able to work, how will he pay for his living expenses? aflac. like his rent and car payments? aflac.
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what about gas and groceries? aflac. cell phone? aflac, but i doubt he'll be using his phone for quite a while cause like i said, he has a fractured beak. [ male announcer ] send the aflac duck a get-well card at getwellduck.com. [ male announcer ] send the aflac duck a get-well card we replaced people with a machine.r, what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. bizarro day for the stock market. not only is nokia having its best day in 12 years but one of the big winners in the media space today is sony. >> yeah.
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>> it's sony. >> what kind of day is today in. >> what kind of day is today? >> a crazy day. >> got that, wow. >> also the day that we have the oscar announcements, right. they came out this morning and "lincoln" take the lead. the spielberg movie receiving 12 oscar nods, believe it's fantastic, including one for the best picture. belongs to touchstone, a division of disney, by the way. there's our business and "life of pi" for news corp. 20th century fox. that trailed with rehn nominations followed by "zero dark thirty" and "les miserables" by our sister company, universal. cried all the way through. >> today we've rolled out something kind of cool. on this device, the iphone. also i available i believe in an android format. you can wake up to cnbc voices. set your alarm. hey, this is jim cramer. examples of ours. >> why don't we pla

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