your relationship with emc is well known, some pressure to even further spin off vmware from emc at aen microsoft and amazon again, are trying to more tightly integrate their offerings into cloud, at a time when you're got oracle trying to push hard into cloud with a more integrated strategy. is now the time to separate these two companies further or should you come closer together? >> we believe very much that being bigger and more strategic in the federation approach that we've taken with emc is right answer and we're confident that we can work together delivering more value to customers and partnership with emc is increasing and expanding and watch this week is further evidence of technologies that we deliver with emc into the marketplace in a powerful way. >> does emc need to continue to own as much of vmware as it does for that to work or can you work together just as well as more separate companies? >> we believe that the federation model and the business relationship, the investments that emc has in us is the right model. and i've gone on record saying we believe this allows us

emc is a good partner for us. what we did with emc, is the storage business and we partnered with them and now ibm to lead in the data centers in terms of direction. what we have done different than our counterparts is combined all of our products to work together and we really have uniquely gone across each of our product areas and service areas in terms of direction. emc decided not to do that in opening up to some of the challenges. you do not want to comment on activity with a given company , but i will make an exception on this one. we usually get the opportunity for almost every move in the industry. retrieved the people well, etc. if joe and i were going to do something together, we would've done a year or two our goal in terms of direction. >> a very candid answer. glad we could end on that. great visiting with you. my image of you climbing up a hill with a smile on your face is something i can take away. thank you very much. give a warm round of applause to john chambers. [applause] final word. >> thank y

emc is a very good partner for us. what we did with emc is in the storage business, we partnered with them, net app, now ibm, to lead in the data centers in terms of direction. what we've done different than many of our counterparts is we've combined all of our products to work together. so we really have uniquely gone across each of our product areas and service areas, so it's one front in terms of direction, emc decided not to do that, which perhaps opened up some of the challenges. you don't want to comment on activity with a given company, but i'll make an exception on this one. we usually get the opportunity for almost every move in the industry. the name emc came up. we usually -- we treat the people well, et cetera. if joe and i were going to do something here, we would have done it a year or two ago in terms of the direction. so that's back to the market transitions question. >> all right. that's a very candid answer. glad we could end on that. it's been great visiting with you. my image of you climbing up a hi

third point, he announces new stakes in aig, also allergan, emc, phillips 6 6, citi group, and delta air lines. he also boosted had his stake in ebay, sun edison, and american airlines group. they cut their stake in petroleum. so that oil trade playing out again. and they are completely out of fed exshares. so interesting moving here. third point, we move on to appleoosa is getting out. they've at least reduced their stake in american airlines group as well as priceline. they have completely dissolved, gotten out of their positions in facebook as well as alibaba. also cvs and citigroup as well. and they've gotten out of their halliburton stake completely. and we'll end on green light capital, david einhorn. they've reduced their position in etna by more than half. they've also reduced their position in apple by about half a million shares. they've taken a new position in time warner. a lot of these coming through here, the first few appaloosa, green light. we'll bring more details but for right now big money managers disclosing. >> thanks, dom. grasso, what stands out to you here? >>

emc decided not to do that in opening up to some of the challenges. you do not want to comment on activity with a given company but i will make an exception on this one. we usually get the opportunity and usually asked and are a good acquirer in treat people well, if joe and i were going to do something together, we would've done a year or two our goal in terms of direction. >> a very candid answer. glad we could end on that. great visiting with you. climbing up a hill with a smile on your face. thank you very much. give a warm round of applause to john chambers. [applause] final word. >> thank you very much. a terrific job. you are getting clear then more sleep. if i may, 20 years on top of the technology sector in this country is extraordinary period of longevity. when you became ceo of cisco steve jobs was in exile from a apple. ali baba was a fictional character in a fairytale. it has been pretty remarkable and longevity are thank you for much indeed for being here. [applause] as i said at the beginning, you can see it again -- please join us for

white house after september 11 on cyber security, now at the front lines of a big corporation, part of emcinteresting stuff. >> i was surprised to hear that cyber is actually more possible for criminals then -- more profitable for criminals and drug trafficking. >> to business we hardly ever talk about, but the drug trafficking business in america is a huge business multimillion dollars. the notion that cyber criminals are stealing more than drug traffickers were able to take is an amazing thing. >> yet to take it seriously. cory johnson, thank you. by the way, did i tell you it's nine degrees in new york today? clicks it is nine degrees here in palo alto, and then some. >> i figured i should let you know how good you have it out there. [laughter] >> it might hit 70 here today. >> we keep coming back to cory johnson live at stanford university. coming up come after years of shaky relations over the nsa relations, can president obama successfully went back the support of silicon valley? today we speak with aneesh chopra to find out. that's next on "bloomberg west." ♪ >> i'm trish regan this

over the from the she asserts by emc version is the ride along hours for the paramedic program and she is going to school in san francisco and pursuing descriptive here for her three children schiffer the session did not know what you want to do that that cannot be punished for something my boyfriend said i'm gonna said he was a part of my life trying area requested a third party investigation into ride a long background checks. >>james: if you're just joining us here at for 30 years some of the big stories we're following to the top of the hour work 1 to start off with the operation of the starting to return back to normal this morning for caltrans have the two deadly accidents were reported yesterday and out of control service said out of service training and killing a man in the tunnel and sentences from 9:00 class life phil was released from the same as before 11:00 p.m. officials said the train was heading south into a single child in that direction after it was released earlier in the after no-cal train and car and menlo park and in that case a third you're one was killed in that

. >> i think it's absolutely critical you understand the concept of the emc's essential military capabilities, because that is built into what we're doing here. those are those things, simply stated, that transfer to the battlefield. when you get the surgeon generals in here and you show them this chart they're going to argue that, hey we get a lot of great training out of taking care of all those child-bearing issues and child care issues. all we're saying is you do but if we could rearrange your workload to give you more of the kinds of things that you see in combat. i think it's absolutely essential, as you talk to the different interest groups there, as a retired person i'm looking at, how are you going to provide care for me in my golden years? if you get stuck on that, you will miss the essential piece of what we have to do in the medical area and that's care for our men and women when they're sent into harm's way and ensure that we have people who are trained to do that based on the kinds of wounds that they're going to get. >> thank you mr. chair. >> thank you. senator lee? >> thank y

. >> i think it is absolutely critical that you understand the concept of emc, essential military capabilitye doing here. those are those things simply stated that transfer to the battlefield. when you get the surgeon generals in here, you will argue that hey we get a lot of great training out after taking care of all of those child bearing issues and child care issues. all we're saying is that you do, but there is a way, if we could rearrange your workload, to give you more of the kinds of things, as a retired person i'm looking at how are you going to provide care for me in my golden years. if you get stuck on that, you will miss the essential piece of what we have to do in the medical area. that is care for our men and women when they're sent into harms way. and ensure that we have people who are trained to do that based on the kinds of wounds they're going to get. >> thank you mr. chair. >> thank you senator lee? >> thank you to everyone appearing here today in this commission to make recommendations that are so important. this will have a profound impact on those that have previously ce

emc and storage. they're all legacy tech companies transitioning into a cloud world. >> very good.r joining us. so we're going out about 16 frounts points from an all-time high. a new all-time high for the s&p. a lot more to come on the second hour of "the closing bell" with kelly evans and company. see you tomorrow, kel. >>> thank you, bill. welcome to "the closing bell," everybody. i'm kelly evans, and a big day on wall street. i mean we almost got there. take a look at how we're finishing up the session, in fact, because we were up we were down. we're going out with some small gains, but interestingly enough both the s&p and the nasdaq were waiting to see if they could close above some round numbers. 2,100 and 4,900 respectively in we're just about one point shy. for now we're also about ten points shy on the dow of a record high at 18,051. let's talk about it with the panel. joining me is kevin o'leary, dharn chairman of o'leary funds. our own kayla tausche is here as well. cnbc market analyst kenny polcari from o'neill securities will join us momentarily and "fast money" trade

. >> i think it is absolutely critical that you understand the concept of emc, essential military capability. that is built into what we're doing here. those are those things simply stated that transfer to the battlefield. when you get the surgeon generals in here, you will argue that hey, we get a lot of great training out after taking care of all of those child bearing issues and child care issues. all we're saying is that you do but there is a way, if we could rearrange your workload, to give you more of the kinds of things, as a retired person, i'm looking at how are you going to provide care for me in my golden years. if you get stuck on that, you will miss the essential piece of what we have to do in the medical area. that is care for our men and women when they're sent into harms way. and ensure that we have people who are trained to do that based on the kinds of wounds they're going to get. >> thank you mr. chair. >> thank you, senator lee? >> thank you to everyone appearing here today in this commission to make recommendations that are so important. this will have a profound impact