it has lost with the integration with motorola. the purchase of ibm as well.hey looking at bad bets in the medium term? we cannot say they are bad bets because lenovo are still doing steps to ensure that the integration of motorola is good. at the same time, the data centre business is pretty new and the sector is nascent for them. when will these two purchases bring in the cash for lenovo? in the short to medium term, it is difficult and they may fall victim to consolidation. but it has to do victim to consolidation. but it has todoa victim to consolidation. but it has to do a lot to grow its sale channel and work with customers and clients to ensure it is successful. they are being taken over by huawei etc. what about the pc market? is lenovo going to get overtaken? in the first quarter, hp actually overtook lenovo in the traditional laptop and notebook sectors. this is an interesting development because after hp‘s spin—off into two separate organisations, they have been very dynamic with integration and product design and aggressive marketing and have been

it's "c," motorola.a manhattan street corner, exec martin cooper called the headquarters of rival at&t to claim bragging rights. >> oklahoma business mogul elmer hemphill spends decades amassing a ginormous stash of industrial machinery, spare parts, and scrap metal that nobody, least of all his thriving company, really needs. having worked with his dad for years, elmer's son, john, is tiring of watching it all pile up. did he tell you what he was planning to do with it? >> he would always talk about how we could use it to build overhead bridge cranes and build fencing. >> but elmer's just a magnet that never lets anything go. eventually, he's drawn to other companies' scrap, like this plate-rolling system that elmer buys for $75,000, then puts out to pasture. >> if it was a piece of metal, he'd take it. i don't care what it was. and if it was cheap enough, he'd buy it. and he said, "someday, it'll be worth something." >> "if only it were just metals," says his son, john. >> he used to say that if a, uh,

it's "c," motorola.tan street corner, exec martin cooper called the headquarters of rival at&t to claim bragging rights. >> oklahoma business mogul elmer hemphill spends decades amassing a ginormous stash of industrial machinery, spare parts, and scrap metal that nobody, least of all his thriving company, really needs. having worked with his dad for years, elmer's son, john, is tiring of watching it all pile up. did he tell you what he was planning to do with it? >> he would always talk about how we could use it to build overhead bridge cranes and build fencing. >> but elmer's just a magnet that never lets anything go. eventually, he's drawn to other companies' scrap, like this plate-rolling system that elmer buys for $75,000, then puts out to pasture. >> if it was a piece of metal, he'd take it. i don't care what it was. and if it was cheap enough, he'd buy it. and he said, "someday, it'll be worth something." >> "if only it were just metals," says his son, john. >> he used to say that if a, uh, trainlo

businesses like montu leaves, kraft heinz and motorola mobility to name a few and two years after fbnred for the first time through the end of 2016 the state of illinois has been slapped with 19 credit downgrades giving it the worst credit rating in the entire nation. this all coming as the state's deadline for reaching a budget deal arrives today but that deadline didn't stop lawmakers from going home last night even as protesters beg them to stay and fix the situation and hash out a deal. they held a sit-in inside the state capitol chambers but we didn't get to tell you what happened after that. jeff is standing by in chicago, illinois to tell us what happened. you are right there. >> i'm so glad you were following up on this list though. all those people that you see end use i yesterday live at the sit-in they were all arrested last night. they refused to leave and you didn't even say overtime to work on this budget to the deadline is tonight. what are we now, i don't know the deadline is midnight tonight the march 200 miles from chicago to illinois capitol in springfield demanding

able to take this to any american city and call virtually any place in the world, and its maker, motorolaon than this will be on the market next year. >> first cell phones look like soviet army field telephones, these huge lunch boxes you hold up to your head. >> this is just the birth of this industry. all inventions start out in a very rough state. whether it's computers or cell phones. it took a while to refine them and make them into something that we'd all use. >> you look at the bottom of the screen. it says please type return. >> the computer has become a national mania, and we're told, miss the electronic boat and you're sunk. >> in the future, everything's probably i going to be computerized. so you're going to have to know how to use computers. >> my son just took a class in school, and he's only 8 years old. i figure i just as soon be as smart as he is. >> they aren't friendly except for playing pac man. >> a small snag in computer marketing is called techno phobia. fear of these bloodless little wizards. manufacturers are trying to overcome it by making them what they call use

you have visa, google, motorola solutions. they have nothing to do with one another.more of a stock picking group than a sector call. >> which sectors do you like the least? >> which of the sectors do i like the least? i like -- >> not a big one -- >> i like the reits sector the least. >> are you short any of those names? >> i'm short a few. one retail premise, one apartment building premise. i think rents are rolling over in new york and san francisco. and my research on mall reits, i do research on mall reits literally every day. i come home, and i count how many boxes are in my house. that's what i really need to know. >> they're all from amazon. >> they're all from amazon. >> and all gifts for you. >> no gifts for me. not a one. >> can you tell us which mall reits are in most danger? >> i think they're all -- look, people think that you could hide, let's say in the "a" malls. i don't think you can hide in any mall. they're all going to be impast in one way or another. we're short simon. >> short simon? because the talk from a ceo of simon or any of these higher en

it's not a nokia, not a motorola la. you're not going to find the iphone in the smithsonian next week. he made this promise with cramer. he's going to double the services business from 12% to 20 plus. if he does that, there's never been a company to make that transition. that margin is 66%. that's why i own this stock. i don't care what he does this quarter. when he delivers that eight later this year, you're going to see a huge amount of movement into the services business and that's why he owned the stock. apple is not consume economics anymore. the it's a megaplatform and that's why people own it. >> i'd say that was the case before tim cook got there. you have the an p l ecosystem before. he's done a great job maintaining it. keep many mind that he was a process guy at qualcomm. before he got to apple. he's been a process guy. he's not an innovator. he's a pmanager. tech companies need innovators to get to the next level. you talk about the share price. great. but those, those -- >> what do you think johnny is doing

consumer commodity companies that had to get out of the business whether it is blackberry or nokia or motorola market share in smartphones and that will be a nice growth area. nonetheless, do you chase tech here? paul: i don't think you do. i like to look at where indices are, globally and the nasdaq struck me as looking at little bit strange relative to the valuations of the indices and even in the s&p and asia. look at china here, today. obviously we have a korean presidential election coming up and it looks like moon will take that one. asia struck me as a little undervalued. i would not be putting new money into nasdaq. forthan: thank you so much joining us, paul richards and of course, brian white. the opening bell, about four minutes away on bloomberg daybreak. and the equity markets, futures a little bit softer. no drama on the s&p 500 after three straight weeks of gains. you are watching bloomberg. ♪ jonathan: from new york, this is bloomberg daybreak. moments away from the opening bell. this monday morning, futures negative about 23 points. no real drama, just a little bit softer afte

everybody knows where that story in, moe kia, motorola, they all ended up in this smithsonian and destroy they have continued to build other technologies and make sure the phone is a point by which you enter a consumer's life. look at how much the memory as grown. the aid is coming, it's going to be a memory pig. you're going to have to pay a fortunate to store your videos, pictures and music on that thing just for the memory and the cloud. i love that business so much it makes me cry. >> well we'll send soclean next kevin. thank you very much. >> thank you. >> by the way, fox draft a week ago and don peeble have a nice lead. the peeb peeb bls choice. >>> the vote on healthcare, rich johnsons hoping for a win they can deliver to their constituents and the president. we will find out ahead, i believe this is a preliminary vote, can somebody advise me on that. this is mott the final vote on the legislation. . >>> welcome back to "power lunch" everybody. moments away from the big vote on the american healthcare act in the house. right now they're voting on a preliminary measure. president tr