. >> caller: emc. >> i do not like emc. i did not like it last quarter. sell the stock.eff in florida. jeff? >> caller: yes. >> jeff? >> caller: my question is aflac stock? >> no, i like travelers more. i like aig if it gets to $35. let's do that. let's go to dovy in new york. >> caller: jimbo, big boo-yah to you in rockland, new york. >> nearby. i love it. >> caller: i've got aires -- >> i like u.s. air a lot. anybody in the leasing business for airplane is good. southwest is good. i've gotten behind it because of the consolidation. albert in iowa. >> caller: hi, jim. a big cyclones boo-yah to you from des moines, iowa. >> my man, we were out at the university of iowa. we had a great time. how can i help? >> caller: my ticker symbol is pfg -- >> somebody downgraded that to a sell. this is an okay company. i like others more. i detailed that i like metlife more for instance. i don't want to necessarily recommend that stock. but should not be a sell. let's go to yonos in illinois. >> caller: yeah, jim, hees. >> i tend to like -- look, the group is coming in. i have been r

and jackie winn, vice president of the global residency division of emc.thank you. >> so diversity's always been a hot topic, but on the whole is diversity better than it was 20, 30 years ago? are we more diverse than we were before? >> we are diverse in terms of visible difference. i think there's still opportunity for more of the invisible diversity as it relates to thought, as it relates to experience and background. we have an opportunity to play more in that space. >> i would say that i would have to disagree. i think that it just depends on the industry and depends on the business. but i think that our country understands that it is a business imperative and that everyone's committed to changing it and working on it. >> i would probably agree. i think in the technology field we need to do more around science and mathematics for people of color. i think that especially women coming into technology fields. i think also from a global perspective we really need to think about what that diversity really means in terms of levels of education, access to tec

a friend who put me in touch wi a couple of people who ended up in the film-- people that worked at emcmortgage, which is bear's mortgage conduit, is really the factory floor of their entire mortgage operation. >> the problem with due diligence is it's very costly. >> we went through about three to four hours of multiple whistleblower tape detailing a massive fraud at the highest level inside of bear stearns against its own clients. >> narrator: buhl wrote a story for the atlantic monthly's website featuring two bear stearns insiders verbitsky had interviewed. >> and the first call i got after that story came out was from a few lawyers that wanted to meet our whistleblowers. and they were representing a group of mortgage insurers called monolines. >> smith: what did they tell you? >> they told us that they were working on a massive fraud suit against bear stearns and that it's critical that our whistleblowers help build their case. >> narrator: the lawyers worked at the new york firm patterson belknap, webb & tyler. they were suing bear stearns and its successor, jpmorgan chase, on beha

>> the emc names are the ones i would be buying. i think you want to look at something like floor, which is down today. all are down today. if oil stays at 70, 75, these companies continue to print money because the capex remains the same. >> i'm long chevron. the stock acts like a champ, holds up much better than it should. not to mention the fact it's got a gigantic dividend and they're trying to figure out what to do with $20 billion they have lying around. not a bad position to be in. >> as we go to break, let's look at where the overall market sits right now. we're looking at the worst two days in a row here of the year. blame it on what you will. you can say it's related to yesterday's fed minutes, which came out at 2:00 eastern time. could you blame it on the fact the market was poised to pull back and you can blame it on the philly fed, which was pretty lousy again as well. s&p down 11 1/3. chesapeake beats the street. with the ceo stepping down in april, is now the time for to you step in? two traders go toe to toe. and is

emc, hp, oar kel, cisco, -- oracle, cisco, dell, ibm.y're in many different types of businesses but for you to be doing everything from storage to connection activity, my goodness you're competing with cisco. they're one of your customers. you look at the great partnerships you have and it actually makes sense but what will spur the i-t spending? is it, jim, so many of these companies put it off during a tough economic time and now, we can't anymore, we've got to be competitive, we've got to spend on this because then i get it? >> i think you're right. there are two factors here. one there has been pause in purchasing, all kinds overhangs with fiscal cliffs and all kinds of other things we've had it deal with. but the emerging markets continue to grow pretty substantially and most of the companies including emulex are in there. and, you know, the, this, i think there is going to be refresh year but think about the growth in data. it is exponential. and you know --. liz: huge. >> the cell phones, the ipads they don't have a lot of data. s

. >> steve, what do you do with emc? >> i like the company. the right place, which is cloud. however it never really seems to move all that much. i never seem to be able to make money in it. i'm talking about holding it for a long time. it is almost like watching hair grow on doc's head. have you to be incredibly patient and not disappointed if it doesn't happen. i think there are other places it make money in the tech space. i'm just not enamored with it. >> okay, salesforce.com, what the trade? >> there are a lot of haters with valuation but they keep executing and people like the product. only problem at this point, it has come a long way. i'm not going as far as to say it is time to short it. but if there are significant profits, i would take it, maybe even call up doc j. >> jb, what about zillow? >> this is a winner. ranks 90 out of a hundred, which is half technical, half fundamental. an cheap stock but nothing in this group is. basically, if you're engaged in any part of real estate, whether rentals, home buying, et cetera. users are up

as far as technology stocks, emc and juniper are the keys.about capital expenditures and that's the main thing to create jobs. >> all right, we will be watching that. brian, you're up. let me get your take on what to be prepared for tomorrow. 30 seconds on the clock. >> we'd agree with ian on the state of the union. think that's going to be important. not just for the overall market. we'll be looking at individual industry impacts, for instance, industrial infrastructure- >> reporter: lated stocks might be impacted. we'll be looking at january retail sales that come out tomorrow morning. going to be the first since the tax changesed and be looking to see how they held up. >> brian, thank you very much. good to see you both. ian, brian, thank you very much. we'll talk with you soon. up next, going global ain't what it used to be. my thoughts on shifting globalization attitudes, how it's effecting u.s. companies. and 5:00, comcast chairman and ceo brian roberts on the breaking story we've been telling you about. don't miss "fast money" tonight,

is it micon, goldman sachs, emc or wynn?ll get the answer when regis joins us live, straight ahead on "fast." ♪ [ engine turns over ] [ male announcer ] we created the luxury crossover and kept turning the page, writing the next chapter for the rx and lexus. this is the pursuit of perfection. >>> welcome back to "fast money." just want to update you on the information we're getting out of the jcpenney conference call. traffic for thes fourth quarter down 17%. remember, that was a holiday quarter. that's worse than all of last year for the traffic numbers. not a good thing to see. conversion down 10%. ron johnson did say, however, that traffic on valentine's day this year, remember, they reintroduced that vannen tine's day sale. and joe fresh performing very strongly online. at least compared to liz claiborne, but online sales down 34%. as you can see, shares still down, fairly sharply afterhours. we're going to continue to watch, because this conference call is ongoing. >> thank you, courtney. let's bring in stacy witlitz. s

but this is more like an exxon, mcdonald's, intel now, opposed to an emc. >> brian, great to see you. thank you for your time. brian marshall of isi. more like a microsoft, intel or exxon. that's really speaking volumes. >> i'm not in the camp with everybody else that says apple has to get the money back to the shareholders right now. dividends, forget about it, in my opinion. i think a lot of activists and guys who have been chasing the stock finally got into the stock at its high levels that now they want to pressure the company on what they should do with their money. i don't agree with that at all. i think they should spend that money on innovation through acquisition. that would be a far smarmenter way. some share buy backs, as well. >> what do you want them to acquire at this point? >> whether or not they want to do something like intel did, create a venture capital firm, where they invest in names. maybe they get in the early rounds, i know it's not early, but -- >> isn't that more of a concern -- >> i'm not concerned. >> a lot of good money, cisco trying to -- >> i don't agree

the bombing happened apartment the security check-point in ankara'da which is 20-yard from the main emce embassy compound and that's probably why no americans were injured. it's in the heart of the turkish capitol. not far from other embassies or the parliament. this came as a great shock to many. finally, jon of interest as well according to this fox news source in turkey, this marxist group that is believed to be responsible for the attack often uses wounded people as suicide bombers. it is believed that this bomber may have done time in jail and was released from jail because he was so sick and they believe he used plastic explosives for this attack. jon: obviously very important given the climate we're in, but the thinking at this moment is that this was not al-qaida related. >> reporter: exactly. jon: amy kellogg reporting from london thank you. jenna: it is the first day of february. that's health and heart month. you're supposed to wear red today. you didn't get that memo, right. jon: i didn't get the memo. jenna: one out of three women will actually die of heart disease. it's a r

we know that from that not so great emc call. this is a very secular declining business. >> yeah.t was trading at a multiple, many would argue, was cheap in retrospect certainly. but also taking into account, was this a business in a fierce war with tablets, which mr. dell admits he kind of missed. >> yes. >> we'll see. >> they're going to have to -- it's kind of like working on your car engine while the car is running. you point out the need for the cash, jim. >> yeah. look, i think michael dell really did believe that the tablet was a degree, a fad. he really made a very big bet on government spending. and government spending went down. but he is an honorable man who has done a great job trying to turn it around in a time people just say, i like apple. now, i know -- or samsung. but apple's been a terrible stock, but there are a lot of people who switched to apple. >> what do you think meg whitman is thinking right now? is she feeling more pressure? >> or ellie ellison. >> does it put more pressure on them to do something about their businesses? >> for every dell client today, i

google being another, emc being another. the ones we're hearing most often as considerations. our view, we think $500 is the ceiling for this range that apple is trading in, until they can stabilize or show us that margins are bottomed and potentially starting to expand again. >> peter, thank you. >> when we come back, more on the two big deals of the day, buffett's berkshire betting on heinz. we'll get a berkshire shareholder's take on what's called the biggest food deal ever. american and us airways combining to become the largest airline. hear what ceo of virgin america has to say about the merger in the sky and what's at stake for his airline in the cnbc exclusive. remotely so this is a big deal, our first full team gathering! i wanted to call on a few people. ashley, ashley marshall... here. since we're often all on the move, ashley suggested we use fedex office to hold packages for us. great job. [ applause ] thank you. and on a protocol note, i'd like to talk to tim hill about his tendency to use all caps in emails. [

could see somehow this company coming up with a way to get rid of all that and being a high margin emc-likelayer. but it's not evident yet that they can do that. >> $13.65. there's a lot of shares outstanding. even an increase by 30 cents is $700 million to the buyout group. we're still going to get another earnings report before we even see this vote amongst shareholders. we'll be watching it closely. the opposition is certainly formidable, though at this point doesn't look like it's enough. but we'll see. >> thanks, david. >>> want to head to bob who i think is making his way to some parts of the floor where there is some news. yes, bob? >> actually, we're waiting. so this is the crowd for office max. and office depot. pan over here, you can see we're all waiting for them to open here. office depot looks like it's about to open there. remember, they both opened, and then they shut down for news pending. the news is out. and we are waiting for both of them to open here. office depot opened at $13.42, i believe. and is still held here. office max -- excuse me, $13.42. we're waiting here. we

another stock we own but the growth rate has slowed a little bit is emc.closer to 6 to 8. if you back out roughly $4 a share in cash, because that's the net cash on the balance sheet, the stock is about 11, 11 1/2 multiple. it's reasonable. but it's very difficult to find tech stocks with earnings momentum that are cheap on a pe basis at this point. >> all right. scott, thank you very much for joining us. we will talk to you again soon. >> thank you very much, becky. >> when we come back, we've got new details on the government's insider trading case against s.a.c. plus, the last word from our trio of guest hosts. steve's going to lead this. you'll follow up with this conversation here. >> yes, we will. >> "squawk" will be right back. >>> making headlines this morning, a new twist at the center of the government's insider trading case against a former portfolio manager at s.a.c. it includes a trade that directly involves steven cohen, and possible line of defense they may take for the portfolio manager, and more importantly may raise questions about whethe