tech companies are very frugal. part of it is the resentment that they are being taxed for creating jobs. i do not blame the tech community. that is why we're sitting here. >> i think the point is san francisco is small. a 7 mile by 7 miles city and if you could go anywhere around it and not have to pay taxes, that is your duty. you have investors to answer to. that is the point. you can go outside the border and not have it. it was clear was not an empty threat. another mentioned challenges for air travel in sf. please give us some international flights. china is the only place i can fly to directly. that is my plug for the morning. i want to thank our wonderful panel for getting up early. we work 10 hours which is usually working all night and sleeping in tel 10:00 a.m. give them a big hand of applause for being here. [applause] >> ok. let's give our panel another great round of applause. they were great. this is the beginning of the chamber's relationship with the tech community. i want to give special thanks to

a lot of the tech companies did not know that. i did not know that. we have a majority sf city member companies which represent 90% of the tech population in san francisco. there are posting all their new jobs on hire sf. we're using the existing infrastructure. we want to get more companies in san francisco to hire san franciscans. and so we're going to develop initiatives around that. there is a big mismatch in the qualifications of those who are not employed in san francisco versus the jobs the tech community wants to hire and we will job that -- bridge that with job training. we have a plan around that. we think employment will solve a lot of the social ills in san francisco. we're focused on jobs. later this year, sf city

we're doing what tech typically does. we're analyzing all of our employment data before we start our initiatives. we asked our member companies how many people are you going to hire this year? i was thinking the answer would be 2000 or 3000 and i was going to go to beed lee and read about that. it is 8000 new jobs and counting. it is staggering. >> your not counting the companies that do not exist yet. -- you are not counting the companies that do not exist yet. >> that is the beauty of it. >> we have one minute. one minute on the hot seat. i have been reading all this great spot -- stuff habout how this would be a modern campus. that is changing. explain the news. >> we're growing faster than a year and a half ago. we have been experiencing spectacular growth. 37% over the last few quarters. that is more than anything we could have thought about when we were in the recession and we were thinking about applying for the future. we are -- we have had to rethink our real estate strategy in light of that. rather than basicall

it's got dealings with tech companies, but there's not a tech company. they've all switched to just using ipads. they all were sitting there with ipads in front of them, and the ceo, the coo, the cfo, you know, the chief marketing officer, all these people, you know, thai adopted this quick -- they've adopted this quickly. in hollywood they've adopted it, you know? you see iphones and ipads and sometimes android devices in the hands of even the top people. they read their scripts on i pardon, and they've -- ipads, and they've put away their laptops. not so much here in washington. so there is a gap. >> host: well, i did bring down my personal devices, and you can see here's a blackberry and an android and an ipad. so how much of a dinosaur am i? >> guest: well, the android and the ipad are very modern. i don't know which phone this is -- >> host: couple years old. >> guest: so it's a couple years old, but, you know, i would not say you're a dinosaur at all. i don't know why you still have a blackberry. why do you still have a blackberry? >> host: e-mail.

it as dealings with tech companies, but it is not a tech company. they have all switched to just using ipads. they all were sitting there with ipads in front of them. the ceo, the ceo, the cfo, the chief marketing officer, all these people. they have adopted this quickly. in hollywood they have adopted it. you see iphone and ipads and sometimes android devices in the hands of even the top people. they read their scrips and have put away their laptops. not so much here in washington. so there is a gap. >> i did bring down my personal devices. you can see, here is a blackberry. android and in ipad. how much of a dinosaur might. >> guest: well, the android and i've had a very modern. i would not say you are dinosaur of all. i don't know why you still have the blackberry. we don't know whether that will appeal to consumers, but they decided to essentially a doubt apple's model. rivals for decades, and one of the big differences between them was that microsoft was very, very firm on the idea that putting aside for a minute the xbox which is a separate th

intra tech infamous tec nine. as long as people are fearful that their government may take away their guns they're going to keep buying them as long as they can. over the years as a lobbyist in the pro-gun movement i understood the most effective lobbying america is when you can motivate and energise huge numbers of ordinary american citizens to call and write their congressman and let them know in no one certain terms what their views on a particular issue. and frankly no one does it better than the national rifle association of america. the newspapers have dubbed him the subway vigilante the man was riding the subway saturday when for use apparently began hassling him neatly dressed suspect pulled out a gun and calmly shot all for the rifle association so what's the. right for citizens to obtain firearms lawfully the first day i ever ended up on the national media as a lead story was a pretty big news conference and that was kind of a fun high visibility day on citizens to prevent crime the thing about ridge is

tech, michael, they're doing okay. facebook, it is tech. social media. at&t, tellco, apple.at this. we have two. we have a problem. i'm regarding apple and facebook as two techs. we're going to exnay the facebook and buy bristol-myers. so we get a little yield. okay. let's go to charlie in alaska. charlie? >> caller: hey, jim, i have a 61 degree north latitude land of the midnight sun ba-ba-ba-boo-yah going out to the best personality in media, i'm doing great. >> boo-yah. >> caller: here's my portfolio, vz, altria, eli lilly, lly, consolidated edison, ed, and pep. over my pride since the cyclicals have all gotten fried. should i nest with the secular success or am i diversified? >> the poet laureate of the land of the rising sun. who must never quit his day job. okay. nice yielding tobacco company. pepsi, we're going to say tobacco is different from drinks. pepsi, let's hope they can match coke, coke's quarter was beautiful. con edison. we have an electric utility, a beverage company, a drug company. alaska rocks. that is the best diversification portfolio we've had in ages

it has dealings with tech companies, but it is not a tech company. they are using ipad. they were sitting there with ipad. the ceo, the coo , the cfo, the chief marketing officer, all these people. they have adopted this quickly. in hollywood, they have adopted it. uc iphone and ipad and sometimes android devices in hands of even the top people. they read their scripps and ipads and they have put away their laptops. not so much here in washington. there is a gap. >> i did bring down my personal devices and you can see there is a blackberry. android, and in ipad. how much of a dinosaur am i? >> the android and the ipad are very modern. i do not know which android phone this is, it is a couple of years old. i would not say a dinosaur at all. i do not know why you still have a blackberry. why do have a blackberry? >> e-mail. >> these and other devices to a great job would work e-mail. >> when did you give your sup? >> i never had a blackberry. -- when did you give yourself up? >> i never had a blackberry. i newsday palm. it was not about physical keyboards, but the ability

apple and facebook are both tech.facebook and buy -- bristol-myers so we get a little yield. to charlie in alaska. >> caller: hey, jim. i have a 61 degree north latitude land of the midnight sun b-b-boo-yah going out to the most didactic personality in media, jim cramer. i'm doing great. >> thesaurus boo-yah. what's up? snoo here's my portfolio. verizon, vz, altria, eli-lily, consolidated edison, and -- no coke -- pepsi. >> oh, sorry. >> caller: the cyclicals have gotten fried. should i mess with the secular success or am i diversified? >> the poet laureate of the land of the rising sun who must never quit his day job. nice yielding tobacco company. pepsi, tobacco is different from drinks right now. let's hope pepsi can match coke whose quarter was unbelievable. electric, verizon reports tomorrow, telco. we have electric utility, tobacco, beverage, drug company and telco. alaska rocks. that's the best diversification portfolio we had in ages. he's a rhyming magician. scott in texas. >> caller: boo-yah and howdy from t

we are attracting tech. we're attracting biotech and clean tech. we are supporting manufacturing. we're going to be making more things. i heard this morning fashion is coming back. technology, of fashion will be an exciting area we unleash soon but i will tell you this. there are areas we do not pay attention to but that are not only stable, increasing, and wonderful when you hear this. did you know and i got this from a recent report from our health care, our hospital council recently. did you know that our health care industry in san francisco generates economic impact of over $15 billion a year? our own health care industry. 99,000 jobs. that is a huge contribution to our economy. i do not want them to be silent anymore. our health care needs are important and we will get that cpmc job done very shortly, weighed -- wade. we need to continue to reform our payroll tax. we have got to incentivize business to create those jobs. while they are doing that, the conversation the board has been very good -- at the board has been very good. we have got to get that employment training cen

these are all tech companies that now represent well over 90% of the tech population in san francisco. so we are very representative of the tech commont. we adopted five pillars where we are going to be involved in san francisco. the first pillar is jobs. the second pillar is transportation. the third pillar is philanthropy. the fourth pillar is policy, and the fifth pillar, which we are here to talk about today, is public safety. sf-city got involved last week with the future grads program, which is going to take kids off the street and give them internships during the summer. this is a program founded by greg sur and the sfpd. but we thought it would be very appropriate for sf-city to get involved in helping san francisco's police department leap row frog -- leapfrog technology and be a national showcase for the use of technology. why not do that right here in san francisco, which is the innovation capital of the world as stated by mayor ed lee at your inauguration. and we are going to make that happen. going back to 2003 when make homer visited greg sur here is he sfpd and would ri

the tech giant has been through five ceos in less than a year. the 37-year-old mayer has a tough task ahead as she tries to return yahoo! to its former glory. she had a 13-year run at google as one of the first 20 employees. she had an influence on some of the well known projects like gmail and google maps. google promoted people over mayer despite her proven ability. some expert s say yahoo! sees what google can't. >> i think it's difficult for women to make themselves heard, that's comfortable for everybody around them to deal with. >> mayer joins the ranks of meg whitman and some of the most influential women in the tech industry. she followed u by tweeting, this is something to yahoo! about, she is pregnant with her first child. what a day for her. here is a look. she graduated from stanford. she oversaw the home page and served as the vp of search projects. she was vp of location services. she serves on the board of walmart, san francisco museum of modern art and the san francisco ballet. lots of reaction pouring in from top executives and t

the tech analyst. david, it's really interesting that at a time when ceos have been warning about earnings and revenues coming down for the rest of the year we have ibm boosting its numbers. what does ibm have going for it? >> it's focusing on making 50% of revenues from cost ware. they're not there yet, but that's the target by 2015. but the higher margin sales were certainly helping to drive the bottom line performance that for ibm is substantially better than expectations. at the same time, we have weak markets in franz, and italy down, and so all tolled, ibm benefitting from a better product mix, and cost reduction. >> susie: and looking at ibm stock, it was up in the regular session, and then again in afterhours toup $191. you're recommending the took. why do you like it? >> certainly, we think ibm is on track to grow earnings 10% a year from now to 2015. $15 a share this year to $20 by the time we get to 2015. we k that the company given the breadth and depth of their ability ha to grow earnings

these are all tech companies that now represent well over 90% of the tech population in san francisco. so we are very representative of the tech commont. we adopted five pillars where we are going to be involved in san francisco. the first pillar is jobs. the second pillar is transportation. the third pillar is philanthropy. the fourth pillar is policy, and the fifth pillar, which we are here to talk about today, is public safety. sf-city got involved last week with the future grads program, which is going to take kids off the street and give

the tech company that is not only paying its employees to take a break, it's paying for their vacation. >> alan: what's ahead for the week general? leigh glaser has the forecast. >> rick: coming up in sports, the raiders signed one of their defensive stars to a long-term deal, and it's been a home run derby for the a's in minnesota. they ahead four [ male announcer ] now at your neighborhood subway: dinner...is...served. tonight, take it easy and enjoy your favorite soup, salad and hot, hearty sub. like the toasty big hot pastrami melt. get to your local subway for some dinnertime deliciousness tonight. subway. eat fresh. >> very jeremys has wrapped up a few bests in the passenger choice. they were the 2012 best domestic airline and the best low cost airline in northmer, and the best airline in the world for the second straight year is qatar airways. >> alan: at a time when so many people are looking for work we found on employer so desperate to fill jobs he is offering an amazing perk. >> they also give you cash to go anywhere you want, not just a paid vacation. but there is a catch.

now we are talking tech.emiconductor companies often produce flat out, make as many chips as they can 24/7 but sometimes the supply chain gets overwhelmed, it gets glutted. to move more inventory they have to cut price and that lowers their gross margins and makes their earnings too tough to predict and that gives them a high priced earnings multiple. that's when you see preannouncements. we like companies with consistent growth, and we pay a higher multiple for them, and we do not like the inconsistent growth that tech gives us. used to pay high multiple, but no one could handle all that inventory glut that the happening with them one or two times a year. at times the product from other items from other countries, caused glut, i listen closely to commodity calls because if there's glut in the system, that means that i have to get you out of the stocks quicker than i do. i have to work faster. do not believe for a moment that it's just the commodity producers that are effected by the gross margin issues. i li

apart from the tech sector, material stocks also moved higher. the weakest group was telecom services. shares of apple, a heavily- weighted part of the nasdaq, surged to 3.5 month high. quarterly earnings for the tech darling are due out tuesday after the closing bell. apple ended the session up just over 1% to $614, it's highest close since april. ibm helped support the dow. investors snapped up shares of big blue following last night's profit report. ibm stock tacked on $7 to close at $195 and change. another big winner today was drugstore chain walgreens. it struck a deal with express scripts, settling a dispute that's been going on since january. >> there are those customers who do want the convenience of being able to go to the 8,000 walgreens stores, so therefore express scripts also agreed to do the deal. the terms were not announced. the financial terms were not announced, but we assume that both firms come out ahead with this deal. >> susie: shares of walgreens and express scripts both moved higher on the day. cvs, which had been able to

if the economy doesn't do well, the tech industry doesn't do well. so my calculus, the most important thing to our success is the absolute health of the economy, and that's why i favor romney. >> host: gary shapiro, president and ceo of the consumer electronics association. web site? >> guest: ce.org. >> host: and on "the communicators" we're talking with joe kennedy who is ceo of pandora. mr. kennedy, for people who don't know, what is pandora? >> guest: pandora is permized -- personalized internet radio based on your favorite artists, songs or genres. and by giving thumbs up and thumbs down, refining them to meet your taste. >> host: when was it developed, and what's the business model? >> guest: pandora's been in business for over 12 years. we actually launched the service about six and a half years ago, so there's a tremendous amount of intellectual property that's been developing over that entire time period. the music genome project is the foundation of intellectual property. and by put that all into pandora six and a half years ago. the busine

one thing i want to add, too, for clean tech, there are organizations like the clean tech opened that foster innovation and identify and help on to produce with that system, present their idea, put together their business plan, attract the mentors and advisers to help them build their technology. the incubators are contributing to a maturing clean tech and biotech sector -- sector. >> just a short comment. we focus in this building, a research center, on technology. some of it is near term, some of it is very long term. i am glad to hear what we suggest said. i worry personally that we do not see as many long term investments as we used to. >> how do you define a long-term investment? >> good question. so, i think the question is, how speculative is this? i will use us as an example. we have a team in this building working on lithium batteries. their goal is to build a battery with 500 miles of range, for obvious reasons. we hope they will have a prototype in the feet next few years. we think -- in the next few years. we think the stars are lined up. that is a long-term investment. >>

inside board rooms in the hi-tech world, you'll find mostly men. women in the industry and say diversity is still a concept not a reality. facebook's director of engineering jocelyn gold fine recently told us -- >> the only thing i don't love about my job is that sometimes i'm the only woman in the room. if there were a few more women in the room, this would be the best job on the planet. >> yahoo! is changing course hiring a new star to be president and ceo, 37-year-old ma ris sass mayer. >> she started off as a techie. what this should tell young women today is they should follow their passions. they should follow what drives them and motivates them. >> uc berkeley professor joel ensays you the appointment problems hard work pays off. for women, it may not be where they expected it. maier spent the last 13 years at google, the company's 20th employee, its first female engineer. she was a designer, project manager, innovator and often spokesperson for the company. yet, google promoted others over her. yahoo! sees what google couldn't. >> i think i

not the case with tech stocks. take the dot com run from 1998 to 2000. fantastic you had to catch it. if you bought into the last two months of the rally and sold when you had to then you made money. perhaps a lot of money. back then you had to buy the parts in equipment makers because the dot coms and telco big and small were buying equipment like mad until buying was cancelled. if you didn't sell by march 2000 you were blown out. if you bought between 1998 and january 2000 you made more money than ever. i try to teach you that you have to change your view when the facts change. don't end up like victims of the dot com bomb. the people that got wiped out. sometimes it means selling even though you bought at a higher price. the facts have changed. often the shooting stars get hammered after the first sign that things are deteriorating. don't tell yourself it's too late to sell. it's not. they can go much, much lower than you believe. use the intraday to lighten up. the first loss is the best loss like i tell you in "real money." this is where discipline

tech giants apple tech giants apple and samsung are heading to federal court in a battle that's beingled the patent trial of the century. alison kosik has more on the case and what it means for your smartphones. 3 --reporter pkg-as follows -- it's been two years in the making. samsung and apple are fighting over which company's smartphone and tablet designs came first. and now, jury selection finally started. apple claims samsung deliberately copied it's iphone and ipad design and some of the features. apple is asking for $2-and-a-half billion dollars in damages. on the other side -- samsung claims apple is the one doing all the copying. the south korean company says apple's inspiration for its i-phone came from sony. samsung also claims that by initiating this lawsuit, apple is trying to stifle competition and limit consumer choice. after all, a judge has already banned version of samsung's galaxy tablet until this dispute gets sorted out. if samsung is found guilty of infringement, then more of its products could be banned here in the u-s or might have to be redesigned. for apple, a

tech. tech. a couple of weeks ago 3 tech students were rrbbed off campus.and most recently a student asleep in this ddrm, behind three layers of campus security, had a gun pointed at his head. now, a group of students have started an governor.robert eagar is "when crime picked up on campus i took it personally, really. if you are being threatened walking to and from your apartment when you should is something we need to work t on." 3 a spokesman for georgia tech says the university follows the board of regents policy and state law. 3 tens of thousands of computer users areeinnthe dark across america thanks to dns changer should be if you are unable to access the interret. 3 --adblib weather tz-- the announcers at a major league baseball game in texas said it came out of nowhere... nowhere..."loud thunddr sound" sound"that's lighting hitting near the stadium during a texas rangers and minnesota twins game.overron first base, the thunder clap sent twins plaaer josh willingham to his hands ann