same thing with the stake in yahoo japan. we value the core business at about four times ebitda, using about a 1.2 billion ebitda number. >>> we'll get you back on, colin and josh. thank you very much. >>> now to the techcrunch disrupt conference. michael, you probably can't hear me, but don't use any four-letter word. he has a propensity to curse. >> are you looking -- have you look at the finalists? >> i haven't had a chance, but i have a bit of time between now and the judging. >> okay. given how busy you are, it's great you always make time for that. >> i love the techcrunch community, i think it's fun toss the startups and new ideas coming, so it's great. >>> okay. let's talk about yahoo. can you tell me what yahoo it? i've done this with previous ceos. it just seems like you're branching into different areas and i'm confused to your mission statement today. >> sure. on a mission level, we want to be the world's daily habits, the digital daily habits, and there are basically three core areas. there's search, helping peop

yahoo! japan, of course, yahoo! owns -- sometimes i forget 30%, yahoo! 2 billion deal to buy a company called e-access from softbank. this hit yesterday later yesterday, but is worth noting. yahoo! japan may be buying back more stock, that perhaps seen as a bit of a positive for yahoo!. given the significant ownership state there. softbank which controls yahoo! japan opening 42.6% will now move in a different direction. that was going to take cash for softbank will help them when they try to buy t-mobile. >> no one is left alone. every company will get purchased. [ inaudible ] times weighed in with an editorial. >> a wave of consolidation occurring here. no doubt about it. we know that amongst the distributors, given comcast, time warner cable and yesterday's huge deal with at&t and directv. the question is what more will come, if anything, and then another key question is also, well, do the content providers themselves start to feel pressure. because you do have 30 million homes, 30 plus million homes both of these, does that -- certainly at&t and direct

i do think we have created value, certainly alibaba has created value, as has yahoo! japan. we are grateful for our investments and partnerships that have led to that. i do think we created value in the core of yahoo!. our products function much better. we have generated a lot of traffic growth and user growth over the time that i have been there. >> when is your anniversary? >> they will be two years in july. >> ok. speaking of alibaba, so, you are selling 40% of your stake in their ipo, is that correct? >> i think approximately. about just that 40% is $10 billion to be expected. some people have said that. >> the f1 was filed yesterday, , so im in a quiet period cannot speak about the speculation. correct i cannot speak -- >> you cannot pick about it at all. >> i cannot. >> what will you do with the $10 billion> [laughter] if you cannot speak specifically, hypothetically, if you're to get it and billion dollar windfall soon, what kind of thing would you spend that on? [laughter] intend to be good stewards of capital. we have been good stewards of capital today. we had previ

>> especially when you consider yahoo japan and some other parts. >> alpha one capital's has a bone tok. later, a big box retailer that just may be knocking on death's door. we got the details in a few minutes. three cheese lasagna would go with chocolate cake and ceviche? the same guy who thought that small caps and bond funds would go with a merging markets. it's a masterpiece. thanks. clearly you are type e. you made it phil. welcome home. now what's our strategy with the fondue? diversifying your portfolio? e*trade gives you the tools and resources to get it right. are you type e*? improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we'll raise it yet again. . >>> major tech earnings may be behind us but the selloff might not be. a new short play and new long. dan nile, founding partner of alphaone capital. let's start off with the long. what is it? >> we like google we didn't own it into the print. thought the numbers were a touch too high given the seasonality. but it's a name we have liked for a bit in the sense that we think that he'

yahoo! japan decided to make things cooperate while they operate separately.ellectual property wars against each other. are droppingts lawsuits against one another. they will work one another to reform patent law. are dealingsmissed with patent law. called we firm is at the app store.itunes it has more than 1000 positive reviews. you never know what is going to drop people. did you ever wish you had someone in your life who did take care of those mundane tasks that you don't want to do yourself? this is a service that connects the overworked with their own highly trained personal assistance. and ceo of founder virtual. of these kinds of virtual assistance before. t?w was yours differen relationshipn the between the client and the assistant. we hire stay-at-home moms. we hire people with disabilities that stay at home. we connect them with a busy entrepreneur or a busy small business owner. they act as a personal assistant. a book talked about this in india and how popular it is. $100 a month for a certain number of hours. you are charging $199 a month. what do

mobile, yahoo japan. a bunch of things in there, plus you have the position. and it's rebounded a little, but really, if you look at that chart, not very much at all. so i think there's still room to run. doc? >> walter energy. this stock -- >> not for the brave of heart. my heart's weak. >> this one's been a widow maker, it was $131 or higher back in 2011, $69 in 2012. and now, it's $5 a share. so if you want to pick a fallen angel here, are people going to stop making steel? apparently people think they're going to stop making it with walter energy steel, coal rather, i can't believe that's true at $5, i think it's a real value. >> tim? >> ebay. look, this stock is oversold technically and also, i think people are underestimating some of the parts. the whole paypal spinoff has been something misconstrued and i think misunderstood. but some of the parts, this was paypal at about $30, a $65 stock, take out the $2.5 they lost. either share repurchases or if you believe the other side will be a negative m&a event. you're at one year support, bounced here a numbe

. >> in 2000, he added alibaba to a portfolio including sprint and yahoo japan, investing $20 million, giving him a 34% stake in the company. >> not bad if you can get it. amazon shoppers will soon be able to get their goods sooner, delivering packages on sunday. the program is going to expand to 15 cities, including philadelphia, austin, texas, new orleans and cincinnati. amazon saying sunday delivery will be veil for customers at no extra charge. colorado lawmakers running the first marijuana banking system, similar to credit unions. the state legalized recreational marijuana in january, but businesses are oftenned by the big banks and forced to operate mostly in cash. the banks are worried about getting in trouble, because while pot maybe legal in colorado, it's still a federal crime. the federal reserve as you might expect has to sign off on the plan. >> the drug enforcement administration is cracking down on so-called synthetic drugs. the d.e.a. has made more than 150 arrests in 25 states since january, including a big sweep yesterday. we explain why the pressure is on to take dr

they is two investments, one in yahoo! japan, worth about $10, and alibaba, which is about 40. ell us what that is. >> it's a a giant, e-commerce company. it's ebay, yahoo! and google. it's going to go public this summer. they own a stake worth about $40 billion. >> covers up a lot of mistakes. >> and they're going to have to sell a piece of that. >> it's hard to believe she's already been on the job for two years. what is the overall estimate of how she's doing so far? if the perception is reality, so to speak? >> first of all, she's the best ceo they've ever had and they've had a lot of them. she's someone who really stands the problem, which is fixing the core advertising business. she's brought in celebrity journalists like david pope of the new york city. she hasn't bought nest and then facebook. after google and facebook, the advertising business online is not such a great business. if you take away google and facebook, online advertising is a -- when was the last time you went to yahoo! and really signed up for something? >> i do it once a year, for fantasy soccer once a

it's 22% yahoo pre-ipo, 35% i think, 33% from a soft bank in japan.ned by investor was aren't involved in the day-to-day business. at some point are exiting. i think we will see large share sales into the ipo. so it's never grit to have big exits in an ipo. that's another big risk for alibaba. as for yahoo, certainly, once we kind of set what this number is, then it becomes, let's not look so much about the valuation of yahoo. but what is yahoo? where is yahoo going? yahoo has had a couple different business models, growth is kind of mediocre in their core business. they're investing a lot in proprietary content, which means their costs will go up. so now we actually go back to, forgetting the valuation of yahoo, we look at, what is yahoo doing? >> we have to figure that out, dan we have to leave it there. we appreciate it. we will tell uma r-- tell you, marissa myers, you will hear from her indirectly. two quick points, who will be the buyers? are there enough stock buyers to absorb another ipo? we have a move moving futures higher than they were. ac