dell has that.looking at the michael dell bid versus the carl icahn bid, i know that michael dell has failed to get this stock up for a few years, but who would you rather have involved in this company? david: yeah. and, larry, that's the question. who knows more about the market and, of course, the internals of the company than michael dell? carl icahn is a great investor. he's done magnificent work in finding value in companies that are undervalued, but who knows the internals better than michael dell? >> yeah, nobody does. and to the point, you have a guy like carl icahn fighting for the company, there has to be something that's worthwhile whether it's a 13 or a 15 or a $25 stock. there's something worthwhile there if michael dell and what he wants to do with the company with network storage, with software solutions and with the existing pc -- liz: let's bring in jeff. jeff, you're listening to this, and i'm thinking to myself, i don't know, i mean, it was under michael dell's watch, and the prev

. >>> battle for dell. carl icahn upping the ante for dell. what is at stake after his spirited interview earlier today on "the halftime report?" and what's in store? the biggest names in retail getting ready to deliver earnings. we're tackling the postgame analysis. the dow and the s&p 500 closing at all-time highs here. we're tackling if the rally is getting overextended here. interesting close to the session. we did see the markets rip into the close, grasso. >> we did. it's getting a little too telegraphed for me. we had a conference call this morning and i felt negative. i sold my apple, sold my google. i felt it was too telegraphed at this point. i think there's room to the upside. i don't feel like i have the brains to pick a top here. >> we had outperformance in the nasdaq today without apple which grasso sold. >> yeah, apple was down most of the day. closed down 85 by. the nasdaq was up 1.75%, versus the s&p, up 1.1%. you've seen the rotation. industrials have done well here. but to me, the main story is the slope, the assent here is

this, of course, going to impact mike dell's efforts to take dell private. carl icahn's efforts to say that michael dell is seeking to get this on the cheap. this deterioration in the pc market is the main lever that's going to cause this to swing one way or the other, guys. >> jon, thanks so much. let's get more reaction now to the dell earnings. i want to bring in ctacar to react to this how would you characterize what dell is reporting? >> that sounds about online with what we were expecting. michael really does try to articulate, so that's growing. >> the you look at what's growing here, whose side do you think that these earnings played better into? right, on one happened, michael dell needs to convince his shareholders that the company is in such bad shape to vote for our deal, because the only way we can fix it is to take it private. and on the other hand, you've got carl icahn saying, the company is in such bad shape, you need a guy like me to come in and fix this thing and focus on some of the key areas that the company's performing in. >> that's a

to take dell out of dell oh yeah his own namesake dell has this deal and i guess icahn has a proxy war. icon is trying to sweeten the deal dell wants to pay twenty four point four billion dollars to the shareholders for the company and icahn is offering a little bit more twelve billion dollars a share extra in cash or stock and this is carl icahn is of course the same guy who got into a big time with bill ackman on c n b c a few months ago and that was over and that's still going on and i can't wait for the next but maybe maybe we'll see dell an icon to be well michael dell is the son of the founder of dell so you was there anything about he had done maybe that didn't help the company well i'm not an expert on this particular company but i will say in terms of carl icahn he is a very powerful and astute activist investor and that means what he's buying shares in a company he's trying to influence the board of directors and he wants to influence what you want to have a shareholder meeting and yeah i would on this sale and they might yeah in august they're supposed to have a shareholder

icahn and southeastern own 13% of dell shares. michael dell owns 16%. announced, dell shares are relatively unchanged. wall street journal reports dell's board has considered options to keep the company public and pay a large dividend by borrowing money. the journal says the board has ruled that out partly because they think it's too risky to both keep dell public and take on a lot more debt. in a letter to dell's board, icahn and southeastern have also proposed replacing directors and management. they say you now have the opportunity to ameliorate the damage we believe you've caused to dell and its shareholders. spokes people for dell and silverlake aren't commenting. in german trading, dell shares are up 4%. >> thanks for that. plenty more to come from seema throughout the day on cnbc. >>> also to come on the program, just a few minutes away from steve liesman speaking exclusively with u.s. treasury secretary jacob lew. ♪ roomba, roomba, roomba, roomba ♪ ♪ roomba, roomba ♪ roomba, roomba ♪ roomba, roomba ♪ roomba, roomba ♪ got a robot vacuum ♪ cleanin

an icon to be well michael dell is the son of the founder of dell so you was there anything about he had done maybe that didn't help the company well i'm not an expert on this particular company but i will say in terms of carl icahn he is a very powerful and astute activist investor and that means what he's buying shares in a company he's trying to influence the board of directors and he wants to influence what you want to have a shareholder meeting and yes i would on this sale and then they they might yeah in august they're supposed to have a shareholder meeting and the question is are they going to vote before that on whether or not to take this offer or are they going to hold out for so it's a big deal. but thanks for joining me thank you. today we got gold on prime interest university we wanted a lot about student loans thanks to professor sidewalk and two of our producers fed mouthpiece john hensel rad serves set and mouthpiece over the weekend in the campus paper not much new keep the rumors flying out the student loan are the student union john looks like the bloomberg crowe g

you were in dell, you're not in dell anymore. >> yes. >> what would make you want to be a part of dell>> i don't want to be a part of dell because i think there's too much risk right now and jeffries put out an excellent report highlighting the fact that shareholders right now are just going to basically want the $13.65. they're not going to want to take the volatility risk, they're not going to take the uncertain downside risk should carl's efforts fail. >> carl's got a great track record. they say i'm with that guy. >> and the only way to do it was through the options market. i would not own the pure equity of this. just in a pure risk/reward basis, although carl is knocking the ball out of the park right now, i think that the odds are really long here against him. >> doc, is there a trade on dell? are people just best advised at this point to steer clear? >> i mean, the way i'm looking at it, scott, with what carl described for you on friday, again, kudos to the interview is i'd love to get that $12 a share and have that stub which some people say, well, the stub could only be maybe

michael dell's propo l proposal.ngs call and saying we are not managing the end user computing business just one quarter at a time. the go private transaction and everything that's happening around dell not influencing the way they're handling that business, but they are trying to grow share. but they are doing that in a difficult environment where demand is being pressured by tablets, they said. they're counting on new form factors and touch coming with intel's chip due to be unveiled next month at comp ewe tech. counting on that to increase demand, particularly they're hoping for demand increase among consumers. corporate demand they're saying isn't that bad, but among consumers and government the end user computing demand has been pretty aabout it busineabysmal. dell no longer giving guidance as long as this go private fight is going on. guys, back to you. >> jon with the latest on dell. thank you. >>> jcpenney claims it's coming back from the abyss despite more losses, more than twice the amount from last year. t

dell said, michael dell said we want to make this an even playing field.ill play by our rules. melissa: right. >> last thing carl ever wants is evenst playing field. melissa: nobody does. you always want to tilt it in your direction. >> he told me once, i don't believe in the word fair. why should anything be fair? why should i live by fair? melissa: david, those are great points but, david, address this specifically. does he really believe dell is truly undervalued or does know by virtue putting his own money at risk and getting involved he can gin a up the value and make his own money. that is good for shareholders maybe. maybe in the case of dynegy, blocked shares of blackstone, $4.50, ended up going into bankruptcy instead when he said, no, forget it. in that case he cost bondholders at least money. >> he has a mixed track record. everyone has a mixed track record put i think in this case he, it is going to help shareholders, whether he make as higher offer or again in this case blackstone make as higher offer, we have a little history. they're in dell

want dell?at question. when they take this company private they have got a couple years to restructure it. they have to focus upon the aspects of the technology market that are working. so maybe they get into storage. maybe they get into more internet. but the pc portion of the market is in decline. they have got to refocus their, their process and hope to bring this coopany out 50 to 100% higher a couple years from now. melissa: let's move on to jcpenney. another company that is another head scratcher how they possibly mount a turnaround here. they're doing the earnings call right now. we're watching the headlines come out. and they're saying things like we'll not immediately do a lot of layoffs or hiring. it is going to take a while to right this ship eventually. how do you feel about this company? can they even get it back on track? >> yeah, it will take a while to right the ship. that is an understatement. sales are down. comps are down. margins are down. earnings are down. the transition fr

david: meanwhile, dell.from carl icahn and southeastern asset management but will investors bite on this deal for dell? david: it is interesting. people are accusing each other of extortion. this is getting down and dirty. here with the latest details, liz macdonald. neil cavuto got a chance to talk to eye kahn. any news there? >> there was news. he is essentially saying listen this, is a blood feud. he is essentially saying there is value still in dell and what he was aiming to do possibly, this is what he said to neil cavuto, the enterprise value, enterprise software is still there, value in that unit. he is talking about the pc unit possibly being broken up and sold off to microsoft or hp or intel. and essentially we've seen him do this in the past. we covered him at "the wall street journal" that was his mo. icahn will go into to say to motorola i will sue you, motorola ended up having to basically sell its mobile patent business to google anyway. carl icahn was in there six years prior to that saying to

michael dell wants to take his company private.ngs come out, wall street is expeeting a little different than what was leaked to the "wall street journal." wall street expecting 35 cents per share, the leak that there'd be revenue of about $14 billion and earnings per share of 20 cents. and there's concern that perhaps trying to make dell look weaker so that his recapitalization plan -- forget the michael dell plan -- that his recappization plan -- capitalization plan. as far as jcpenney, liz, we're expecting a loss of 85 cents. they're coming up with a new logo, the fourth in, what, less than two years? but they're also going to look for hether they're going to detail how they're going to do their new coupon issues, and we're going to see if they have a chance to get this company on track. $821 million cash on hand, but remember they signed that deal were 1.75 billion line of credit with goldman sachs. liz: they need new logos. i don't like the one they currently have. it's wimpy. >> reporter: you're a logo woman, huh? liz: oh, ye

i wouldn't take dell's bid.they offer more money. >>. >> show me the numbers. >> right. >> show me how it works. >> they're trying to stir the pot and get a higher bid. if i'm a shareholder, give me the cash and move on to somebody else. >> you have written some interesting pieces over the years about management buyouts and how you think they are utilitily bad for shareholders. >> this is one of those things by definition management is paying less than it was worth. so i am generally mistrustful of management buyouts. and in the case of carl or mr. icahn or whatever i'm supposed to call him, he's also looking out for himself. i need someone to look after me. i don't know who that is. >> southeastern got in around $16. that's why they need a higher price. >> but they have already taken their loss. they marked the market. >> they do. effectively, if they get out there's no chance to ever get back to zero. >> also they look bad. they have to admit, show them. it looks bad. the numbers are crummy. who knows? maybe i

so dell has a bunch of enterprise software. they are entrenched in many businesses. they are working with people that are in there and this is a business that really has great potential. >> it's a no-brainer. >> have you talked to michael about this? have you guys and your people ever talk about it? >> with all due respect,. >> you hav this company for $1.65. i think the software business will increase dramatically. it still has a great deal with microsoft and intel to a possible merger. so my basic point is you have a company earning this and had tremendous potential. so without question, you don't have to be a financial phd to understand. neil: >> your deal is almost too good to be true. it's just too unmolested for words. now, how do you coe back and say that you are just preventing this as a no-brainer, when in fact, it is not. how do you counter that? >> i mean, get them on the show if you. >> so i guess that you have not talked directly to them? >> there's no sense in talking to them for that. if they are, it's easier to say that the risk of this, if you lookac

on the one hand, michael dell and the private equity firm silver lake has offered to privatize dell in would pay shareholders $13.65 per share and take on $16 billion of new debt. on the other, carl icahn and southeastern asset management are offering a $12 per share cash or stock dividend, but maintaining a small public float and taking on a lower debt load of about $5 billion. icahn is arguing that, in fact, dell's investors would be preserved. that allows them to make money off dell's turnaround in the near future. in fact, icahn says using conservative math, the company could soon be worth $14 to $17 per share. it's comp rational to hp and other stocks in that class. the icahn letter has pushed up to maybe above $13. his move is a little ironic, because the structure he's proposing, known as a leveraged recapitalization, is often employed by company management as a shark repellant against unfriendly takeovers. in this case, maria, icahn's the outsider, but he may be offering the friendlier deal offering traditional management tactics. >> really interesting, kate. i can't believe th

neil: making it big play for the struggling computer maker dell.ou're on the phone with us, karl, good to have you back on. how are you doing this is a company, you honestly disagree. why is that? >> i'm a little surprised by that. it seems like this sale is a giveaway. i can go into details with you if i want. because dell has a lot of great stuff there and you know? neil: what you like about it? >> well, first of all, if i may say, it has been disingenuous as far as i'm concerned. i won't go into the ambguity the issue really is that one part is the enterprise software. they put ths together, buying software, putting it i together for 26 years so dell has a bunch of enterprise software. they are entrenched in many businesses. they are working with people that are in there and this is a business that really has great pontial. >>t's a no-brainer. >> have you talked to michael about this? have you guys and your people ever talk about it? >> with all due respect,. >> you have this company for $1.65. i think the software business will increase dramati

margins. >> that would be a high compliment to dell. it has added some very attractive other businesses. it can substantially increase margins across the board given a little time. >> thank you very much for weighing in on this story. herb, thank you very much as well. what about another beat up tech name? let's take a look at intel. it is the biggest dow dog over the last year. does that mean it's time to buy or going to go lower? he actually upgraded intel on monday. why do you view this the worst performing dow stock over the last 53 weeks. >> we upgraded the stock as you said and we recognized when we are going a bit against consensus here. about two-thirds covering the stock did not like it. i joined the one third that have had buys on it for sometime. when i looked at the stock, what attracted me is intel has their own internal grass margins. >> how also is this perhaps it can't get any worse. >> that's absolutely true. when you look at, you know, throughout the eco-system, we continue to get negative data points around the system

shares of dell -- shares of dell. have a look at shares of dell and see where we are at the moment. saying the bid was superior to all others. they say in conjunction with michael dell is not going to be able to cast his votes. and brian marshall is suggesting that if it doesn't go through next week the stock could fall by about 10%. >> it's our last day and there is nowhere i would rather be but with you. but will my house be in good hands? we will talk about insurance and acts of god after the break. >> krispy kreme reporting better than expected quarterlies on improved sales. as a result it raised its full year forecast. the stock is up about 87% year to date. simon? >> wow. in today's yahoo! finance poll we asked you if jack grubman who was banned and disgraced when he says wall street has not changed as all, what do you think. 2% say it's a change for the better. 7% say i think thing are a little more fair now but 91% say wall street is still an insiders game. jane wells is in los angeles with some advice for tho

. >> of michael dell and his partner. >> the small remaining public. and the potential upside there could be great. he is saying that the shares have been and continue to be undervalued but he thinks they can turn themselves around with the proper steps and support from shareholders and they can get from 14 to $17 a share. >> he is trying to squeeze out a higher offer? >> this could be a stopping point. he could be trying to keep investors interested. black stone and that was a real blow, obviously. the stock had had a floor that was uncertain. it traded up so far this year. so perhaps just the enthusiasm and the noise creates some upside. >> and now we're going to turn to another big story here. talking about the person who could really decide jamie dim e dimon's fate. >> you know, i know that you are disinclined to tell us about the voting power. about six and a half%. >> a little deeper here in how you work with large shareholders like blackrock, inc whoiz proxy you have in this case. >> we believe that there is a role for a combination of chairman

ma dell and her dedication. my rather be at home i've been teaching all today but i know it's important to speak on ma decimal life. she taught my son algebra and he credits the tavern for her support and here dedication that very generously give him in seventh and eight grade. ms. ma dell invites them to come before and after school and that's an evaluation of dedication. she went above and beyond for my son and she does for all her students. she's helped organ numerous parents meetings where we had a successful car wash and -- okay. and i hope you relook at ms. ma dell and reevaluate her as the valuable teacher she is. >> superintendent. >> i'd like to ask if the community folks would meet with the representative out in the lobby we would like to share your story with him to get some contract information. thank you for coming out >> thank you. okay. i have 2 parents from alamo elementary school gail and joe. two minutes each. i want to ask you again to remember our request not to name district employees thank

. >> and raising the stakes in a bid to take over dell computer. along with partners, he is launching a fresh challenge to michael dell's plan to take the company he founded private for more than $24 billion. it would pay shareholders only $12 a share. it would allow them to keep some stakes in the pc makers. and no words were minced. >> look at it and know that it's good and i will tell you. this one is a real good one. look at it real similar plisically and not have to do a lot of work. >> shares of dell finished the day higher. they closed at $13.45. >> despite a solid overall earnings season, some shareholders are still not happy. and some are looking for changes in the highest ranks of corporate america. specifically they want to split the tradition of a ceo also being the company's chairman. >> reporter: the very top of the corporate ladder, a shakey place. investors tired of bad headlines pushing for change. the latest firm to respond? hess is nominating the former head to be its non-executive chairman. some shareholders may want all firms t

dell and icon is pretty interesting. maybe they're not so concerned about making the be ins look good quarter 230 quarter. i guess it's up to the investors to decide who that benefits. >> thanks so much. >> should we care about it? it seems like it's destined -- >> if i was dell, i'd want to make it look at bad as possible. >> and there lies the conflict. >> we saw intel, microsoft, we know pc sells things. when you talk about who's innovating and who is not, they're not in the game. >> they spent 33%. there r & d spending was up 33%. so are you trying to spend the money now, so it's not on the balance sheet, or is it a case where they're actually -- i think this is actually relatively good news. i think this is a very good defense saying, we're not sandbagging at all. we're trying to figure out how to get into other parts of the business that they're excited about. >> let's move on. it has been a whopping record 179 days since there's been a pullback of 5% or more, so are we due for a pullback at this point? let's bring

where dell stands alone is very unique.ch they have allowed me to leverage the to allow the entrepreneur become successful. i've taken it on as my personal goal, but now it's the goal of the team that we intend to become the number one solution provider worldwide. >> why is this entrepreneur segment now so important to you and to dell? >> well, i think, you know, dell is a business, right? and we're all business owners. so at the end of the day, the reason business exist sess to make money. the thing that spratsdz those businesses, though, that are just out to make money from those that are really making a difference is we're really creating something that does, in fact, make a difference and it's good business. and so when when you see a company like dell going out and earning this for business owners worldwide, basically the betts we're taking is this. we're sitting back and we're saying, look, we're going to roll up our sleeves at dell and we see that it's going to be the business owneres and entrepreneurs getting our gl

david, dell, hugely positioned in state and local business. any take-aways for dell? maybe people are saying dell is a solutions business, too. i'm looking for reasons why anyone would do the dell deal. >> commentary, price target raises, good quarter, this could be a big day for cisco. >> we know we're going to hear from dell today. those numbers are not going to be good. but we'll see because we haven't seen the numbers themselves. we'll come back to dell a little later. >> people always want to know, jim, how could this stock go up so much? part of it is when you have a piece of research, sell rating by jpmorgan. there was no enterprise weakness. john chambers is saying those macro headwind have died down. potential scn impact. shares were not horrible until you get that. if anything, the cisco kid is now the fiy kind. >> we also have seen false starts from this company in the past. >> yes, we have, but it was not this quarter. because they've seen the downturn. this is them taking share. the gross margins are good. this is what what the beginning after sustained m

let's also take a look at dell. dell was out to report its numbers. it will report its numbers on thursday. a lot of anticipation for these numbers. lori: so much news today. thank you, nicole. secretly obtaining the phone records. peter barnes is in washington with the very latest developments. peter: that is right, lori. we will hear from attorney general eric holder himself. they are now calling on attorney general holder to resign because of the sweep of the ap phone records. ap is expected to announce that he recused himself from this case. he is expected to testify on this case tomorrow. he is now likely to face very tough questions from members of both parties on why the department secretly obtained two months of ap records. >> from what i understand, they kind of just went to the last option first. again, this is a pretty obvious effort to intimidate people. we will watch you. we will watch who you talk to. peter: now, some republicans are talking about a formal investigation that could be launched by the house judiciary committee. lori, back

lauren, you have some news on dell?estor carl icahn as well as southeastern asset management, they're two of dell's biggest shareholders. they're proposing an alternative to michael dell's bid for the company, that $24.4 billion bid. many people, many shareholders are finding carl icahn and southeastern asset management's bid superior because it would give them choice essentially. shareholder would get $12 forever share they own as keep their stock and they can have more say in the board's operation. investors are liking the news. stock is up 1%. back to you. ashley: lauren we'll be back to you in 15 minutes. keep it right here as our own neil cavuto goes one-on-one with the man himself carl icahn. don't forget that at 8:00 p.m., neil cavuto charting with carl eye kahn about the latest offer. tracy: as emac pointed out, a lower offer. ashley: lower. tracy: we can still make money, charles payne is here with video faps from books to close. he is talking about how he could have made you money. >> talk about a couple ideas

dell takeover attempts continue with what some anaylysts say amounts to "extortion." in the latest round, carl icahn and southeastern asset management threatened a proxy fight if the board doesn't approve their plan. the plan allows shareholders to choose between $12 per share in cash or $12 worth of additional dell stock. analysts tell marketwatch.com it sounds like a threat to sue. icahn tells reporters it's better than the $13.65-per-share buyout proposal from michael dell. shares traded up 1% to $13.45 labor groups in the u.s. are calling for safer working conditions in bangladesh. following the factory collapse that killed more than a thousand workers, the international labor rights group started a petition against gap, walmart and h&m to make immediate safety improvements. union members protested at gap stores in several cities over the weekend. a gap spokesperson says the retailer has been willing to participate in discussions regarding factory conditions for two years, and is launching investigations. a criminal investigation is under way into the deadly explo

. >>> the fight for dell's future conditions. board set a july 1 8th vote on michael dell's plan to take the company private. the largest stakeholder urged fellow shareholders to take no action when proxies show up in their mailboxes, believing there is more per share value than michael dell's 13.65 offer. shares closed at $13.35, on double normal volume today. >>> retail stocks in the spotlight today, thanks to upbeat report on consumer sentiment. highest in almost six years. investors counting on more spending by more confident shoppers. investors backed away from companies like macy's jp penny, american eagle and gap. only gap held up a gain, up 1.5% to 40.55. and lionsgate reported a quarterly profit from hit movies like "hunger games" and twilight saga in theater and home entertainment sales. closed at $28.80, up more than 2.5%. market monitor is positive about more rallies in the stock market, but also telling his clients to reduce risk in their portfolio. jason pride, director of investment strategy at glen meade. nice to

jobs, dell, schultz, there was something bigger at stake. >> well, dell failed. i mean -- >> but i -- >> but we had a history of coming up with great products. they were market-leading products. >> sure. >> hopefully that's the case for them. >> let's get onto more delicious news. wolfgang steakhouse, with its newest location opening in miami just labs month has its eye on global expansion. let's welcome peter in. where are you going next? >> well, over the next 12 to 18 months, we reslated to go to beijing, china, tokyo or panama city, panama. those are the three that are on the next block. >> why those three cities? >> well, first of all, when we low kate places, we try to find global senters, where we believe that we can expand our brand properly. so, in beijing, china, other than china being the second largest company in the world right now, we believe there's a lot of hungry people there for our steak. >> peter, i'm sorry, what do you make of the idea, when they look at publicly traded steakhouses, they say that steakhouses are a bull market thing and they d

. >> the dell special committee has spoken a yet, and the ceo michael dell is the computer maker's best bet, but the battle is still far from over. >> plus, we have an interview with tesla's ceo elon musk. jim cramer may not drive much, but he got behind the while of a model s last night and we'll tell you what he thought of the ride coming up. i think the review is generally pretty good. >> wow! what a car. >> first up, final trading day in may. the dow posting its sixth consecutive monthly gain and heading into today's session, the dow is up 3.3% for may. s&p is up 3.6 and the nasdaq up 4.9 and what a difference a year makes. last may the dow and s&p fell by more than 6%, even worse for the nasdaq down 7.2. we remember. that's why we called it the spring swoon. >> oh, i mean, last june you started thinking, is this going to completely unravel. there's a lot of talk that this is going to unravel and my take is that part of the market will be unraveling and other parts of the market, the financials and the industrials raising my price target. >> right. back in that world. now we're into

. >>> let's look at shares of dell today. right now the stock is trading down about half a percent. the report is that penza assets is supporting carl icahn's bid for the pc maker, saying hess $12 a share cash offer is superior to mr. dell's offer to take the company private. >>> morgan stanley holding the annual shareholder meeting. a lot of those shareholders are very angry and restless, not at all thrilled with the ceo's performance. the shares are down 25% since he took over three years ago. we'll talk about that next. morgan stanley, though, is up 3% today. >>> and is the nation's food supply at risk due to a declining honey bee population? we're back in two minutes' time. >>> take a look at shares of sony. they're surging today, up almost 11% now. billionaire hedge fund manager daniel lobe wants the company to sell up to 20% of the entertainment business and use that money to prop of its ailing unit. >> ty, up to you. >> sue, morgan stanley holding the annual meeting today. james gorman was expected to get heat from shareholders about the share price the shares down 20% since

i'm presuming that's not helping either. >> yeah, dell has been especially aggressive.tion, is starting to act like it is a private company and it doesn't feel responsible to shareholder, so you're seeing a little taste of dell as a private company. going ahead and doubling down on a lot of costly price cuts and price war. essentially, dell started a price war in personal computers and that is not helping hp one bit, especially in light of historically bad demand. i mean, pc demand is down and slowing down at levels that are as bad as ever seen since they've been keeping records at the market research firm. >> yeah, printers is 20% of revenue. what do their competitors tell us about what's happening here? >> yeah, the competitive read-through from lexmark, from epson, from xerox are not good at all. hp did do a significant refresh on printers, so there's some hope there that that may have generated some demand. but really, in printing, it's about managing costs. you've got todd bradley, who is longtime pc chief, is also now overseeing the printing operation as well, and

a single slate of 12 for dell.ng so much smack, you want a board? why don't we see names here? there's names, we are waiting on it, from the "wall street journal," and as soon as we hear, we'll let you know. david: upping the anti. liz: he said he would. david: yeah, on friday. liz: presenting the fall lineups to advertisers to sell a lot of ads, and, clearly, never harder to create a hit tv show as staggeringly high numbers of of shows put on the chopping block. david: how will the studios have the cash for the programs? dennis is here with me. >> not a single new network show caught fire this tv season, and a lot of incumbent series are getting along in the tooth, so the result is cancellation carnage. the four major broadcast networks killed 38 weekly series and the casualty list will grow longer. 22 incumbent shows await a ruling on their fate. now, com diswrn cast, nbc in last place, they killed 16 shows, the most of the big four. disney's abc axing 11 series, number one cbs yanked seven, fox broadcasting, can

. >> business news, decision day for dell. plus, a patent battle continuing for apple and samsung. >> hi, emily. >> good afternoon, larry and carolyn. well, first it wasn't a good day for wall street with stocks retreating today, the dow dropping more than 200 points on mixed reports out today but dow and s & p managed to close out may higher with six straight monthly rides. your bloomberg silicon valley index led by a slide in hewlett-packard shares, apple versus samsung saga continues. a decision in the patent infringement case delayed by u.s. international trade commission. the commission scheduled to announce today but set a new target date without explaining the reason for the delay in a notice posted on the wen site. a decision day has been picked to decide the future of dell the board urging shareholders to vote for the buyout. calling it the best alternative available. that vote is set to take place july 18th setting up a possible showdown activist investor carl icon is expected to press shareholders to reject the dell