corey johnson has those numbers. >> looking at the numbers. adjusted earnings per share, once you take out stock options and expenses, 23 cents. the analysts were wrong again. 55% sales growth in a year over year basis, adjusted earnings per share better. and the guidance for next quarter, better than the analysts were predicting. as a result you see the stock trading basically around where it close today around $160 a share, a very expensive stock, trading at 26 times its book value. it is all about revenue growth for this company, and they are showing very strong growth and drawing market share away from more experienced companies. alix: thanks, corey. it sort of talks about tech and where the bubbles are. joe, you were talking about a chart. we are looking at the nasdaq versus the tech focus. joe: right. right before we came on. bring that back. when people talk about stocks, they tack about the shanghai composite. you but it is really the shenzen mark. it is completely absurd. the to what end is chinese government fostering these bubbles,

i want to bring in leslie picker, eric newcomer is here as well as our editor at large, cory johnson. corey graham i want to start with you because this is a different kind of investment for carl icahn. why is carl icahn first of all investing in a private tech company, and why lyft over her? cory: let's think of all the reasons, one, he is wanted to make money. carl icahn has been a moneymaker but a company builder not by any stretch of the imagination. he likes to look at what he thinks can be better that he can make money. 30 years ago, 30 years ago, he has borrowed money to help michael milk milken and verna lambert to help one of the corporate raiders taking over twa, and they broke up little pieces, selling it off. the company did not want to go through this as there were protests and complaints about all quarters, but he broke up the company so he could pay off the debt so twa could be a different company going forward. that title of corporate raider has stuck with him, even 30 years later. this is an unbelievable different investment from a man known as breaking up companies, not bu

corey -- cory johnson, great to see you. coming up, many energy companies in the red but getting a second chance at life in the debt market. we will hear more on this trend from distressed investors. david barse is the ceo of 3rd avenue management apparently will be back. -- management. we will be back. ♪ betty: asking for lower sales. he told a judge he cannot come up with $7.5 million. fighting extra just into the united states. prosecutors say he played a key role in the market plunge of 2010. up sharply in the pre-markets, a company posted better than expected quarterly results. herbalife is in a running that'll with investor bill ackerman. he said herbalife is a pyramid scheme. the california tech industry pauses to remember a popular executive. david goldman was honored. the 47-year-old ceo died in an accident last week while vacationing in mesko with the family. he was the husband of sheryl sandberg and she posted a note on her facebook page last night calling her husband's death and unexpected hell and the darkest an

cory johnson has more. coreys bite is 90 which is the number of seconds that the crew dragon capsule from spacex was in the air in a test of their a board scenario. they want to see if they can take a manned rocket in an abort situation and rather than send the astronauts flying out in parachutes, the entire capsule would be in the air for 90 seconds and splash land into the atlantic. it went according to plan and this will be part of their contract to try to find a way to bring astronauts to the international space station. they are developing a new kind of rocket to do that. this is a special abort capsule concept where the entire capsule separate. it's neato and cool. emily: fabulous and fascinating video. it's definitely a step forward. thank you so much and thank you all for watching this edition of "bloomberg west." we will see you later. ♪ mark: from bloomberg world headquarters in new york, i am mark crumpton. this is "bottom line" the intersection of business and economics with a main street perspective.

johnson jr. mark u. kelley. alejandro martinez, sr. michael j. naylor. michael a. pimmintel. jessie valdez, iii. utah -- corey blake ride. brian m. berger. purcy lee house, iii. brian w.jones. washington -- derek a. hansen. wisconsin -- michael j. seversen. federal -- oswaldo o. albarati-casana. michael c. baskett. jair j. cabrera. jason m. crisp. brian j. feldt. alexander i. giannini. clinton holtz. brandon k. kountz. mark a. mayo. frank e. mcknight. ernest j. montoya, sr. tyler r. robledo geniel amaro-fantauzzi juaquin correa-ortega. marielis morales-santiago. francisco mujica de leon. carlos rivera-vega. mario torres-martin. acknowledgment of all deceased officers. mrs. amy scully, wife of alvin scully, florence township police department new jersey. acknowledgment of all disabled officers. deputy sheriff robin hawkins leo county sheriff's office, new mexico. acknowledgment of all international officers. new south wales police force australia. acknowledgment of law enforcement officers in deleterious service, united states navy. -- military service. united states navy. acknowledgment of all officers tc stats a result

johnson is in san francisco. we heard no comment on the deals. they are 1000% focused on customer satisfaction. coreythat's a lot of percents. here is the big take away. if you want to compare it to what the analysts expected it's better than that. the reaction and market trading is muted. last quarter, the stock jumped 12%. the next day it's down 5%. we will see how it shakes out in trading. while better than expected it has dramatically slower growth. the biggest first-quarter they have had but only 23% bigger than one year ago. compare that to one year ago. 37% a year ago. they went from 37% to 23% sales growth. that is a lot slower. it is different growth potential than what we would have expected a year ago. one of the reasons from that is that they spent less on marketing. the big knock on salesforce is that they spend a lot on marketing, 52% of revenues. think about that. that is what they are putting in the tank to make that thing go faster. they lightened up a little percent, only 49% of revenue. sales growth dramatically slows down. any potential acquirer it's barely profitable for revenue

johnson joins us from san francisco. what is going on with the enterprise group? corey: it is like any other group in hp, it is sinking.is stick it were slowly and that expected. the gains have sold off a little bit. they beat expectations and they have guided wall street two. they were bad. the company has 7% less sales. it is the worst decline they have seen in a year and a half in six quarters. hpry single product group at saw declines. , itin the enterprise growth is getting worse or worse at hp. gotten worse and worse and worse. enterprise again, down 1% year over year. no gains now in three quarters in a row. that is a big deal because they want to split off the enterprise business, they want to focus on things like software. software is getting worse as well. so is free cash flow. the free cash flow for this company is also declining genetically over time, only $700 million in the last quarter. matt: wall street tends to look at the numbers, the profit numbers, can you still say x items mean like taking out restructuring costs and every single quarter? : if you go back to the year 2000, you were like seven years

johnson. and from idc research we have more from singapore. crawford, let's start with you since corey the home team advantage. what do you think? >> crawford: i have been following this for a long time and i think they have gone to the stage of knowing what they want to be and they are kind of testing where they want to go with things like consumers and i think that now is about rallying the sales force and execution. they are steadily gaining shares in parts of the server market executing well with new acquisitions and i think that they want to get a larger slice of the pie. chuck is the guy to keep them executed to go after that vision. erik: do we have any idea who is on the short list? what was his name again? stephanie: my homegirl? erik: not john chambers. chuck rogers was on the shortlist a couple of years ago right? stephanie: as was bob -- cory: as was bob lloyd. as coo chuck was sort of the guy, as you mentioned. externally and internally i know that people at cisco thought that she would be named cpl. keep an eye on her but that's obviously not the choice they made. chamber