he was on the board of ebay and hewlett-packard.an important inventor and lucky to have him as a partner of ours. he ran a number of products on behalf of mark, had close friends and colleagues, they started a company in 1999 called loud cloud which many had not heard of but we were trying to build something akin to what amazon web services does today so think of it as computer on demand. it is a good example of a company that was probably a few years too early but now seems like a very successful idea so that was cofounder of that business which was a very successful business and he and mark in 2009 took entrepreneurial steps and turned themselves in to venture capitalists and helped grow the opportunity for other entrepreneurs seeking to build new businesses. >> host: does netscape exist today? >> netscape does not. it was sold to aol in 1998 and the netscape browser doesn't exist today. kind of the main browser mostly by using today's google chrome or the apple safari browser but most of those browsers and their progeny to the ea

his action on the board of facebook he's on the board of ebay, hewlett-packard so very, very importantentor and now we are lucky to have him as a partner of ours. then horwitz actually got to know mark because he worked at netscape he ran a number of the products on behalf of mark and he was at netscape and they became very close friends in college through that. they ultimately start a company together 1999 called loud cloud which many people probably have not heard of we were trying to build something that's very akin to it amazon web service does today it's kind of computema a on demand. as we talked about early with the insta cart example it's a good example of a company that was probably a few years too early but now as we see with amazon web services a very successful idea. ben was a cofounder and ceo of that business was a very successful business he and mark in 2009 decided to take the entrepreneur skill set and turn themselves into venture capitalists and hopefully help grow the opportunity for other entrepreneurs were seeking to build new businesses. >> host: does netscape exi

banker in my early days and then i was at a startup company for about nine years that got sold to hewlett-packardand now i've been in the business for ten years, i think what i bring is really an appreciation for the capital market in the financing side of businesses but also appreciation for what it means to be in a startup building process and i hope what that means, not only does it provide empathy and respect for the october neural process but also allows us to be better investors are more patient and understand and recognize that these things don't go up into the right all the time and starting a company is a series of ups and downs and i think we bring a discipline and patience to that investing process. >> scott cooper, often there is not a product associated with the pitch, is that correct? >> right, there is a product idea usually but it's often the case that at the early stages there is no product that has been built, what were trying to understand from the entrepreneur is not necessarily what is the final product but tell us what the ideal means, how did you think of the idea for the p

early days and i was at a startup committee for about nine years that ultimately got sold to hewlett-packard and now i been in the business for ten years so i think what i i bring is really an appreciation for both the capital markets and financing side of businesses but also a real appreciation fort what it means to be in a start up and go through the start up companies process and i hope what that means is not only does it provide empathy and incredible amount of respect for the entrepreneurial process but i think it allows us to be better investors and more patient investors and understand and organize that these things just don't go up into the right all the time in starting a company is ais serious ups and downs and i think we bring a discipline and patience to that investing process. >> host: mr. scott kupor, often there isn't a product necessarily associated with the pitch and is that correct? >> guest: )-right-parenthesis is a product idea usually i but ofn the case that in the early stages there is no product that you have been billed. what we are trying to understand from the entre

top names were companies hewlett packard apple intel advanced micro devices. virtually the who's who of the electronics industry. and of course the granddaddy of them all was i.b.m. . when i got a card and i.b.m. that was great that was the company to work for at the time i could go any place where he worked at i.b.m. i don't need an id you just write a check. it was that easy i.b.m. had that much clout i was the 1st marker processor buyer for i.b.m. . in the early eighty's the idea of a personal computer which was was on oxymoron right i mean personal computer what and what would you use it for any way but it got legs and we started the p.c. business the 1st year they shipped $50000.00 units. and so we went from a 1000 a week 240008 week and at that point the p.c. was launched. from almost the very beginning you heard electronics and semiconductor production it was a clean industry they said it was as clean as a hospital but what they weren't telling people was that it was really a chemical and lay industry and that the magic of making these microcircuits rel

teachers to know how special they are and we thank the warriors for their partnership, for the hewlett-packardoundation bridging with us and for just recognising the special work that our teachers are doing, especially. it's all of the time, but especially in these times. >> thank you. i got to see it without the glitch before and it's such a wonderful video, so hopefully we can make it available somewhere. kind of zoom bombing. so i have a feeling that we'll be teaming up with the warriors with some fun in the near future. and item five a recognising all valuable employees, awards are announced tad. today and section c is public comment and so our host, mr. steel, will call on speakers and keep the two-minute time. here is the protocol. please note public comment will hear from the community on what's in the board's jurisdiction and we ask you refrain from using employee and student names and if you have a complaint about a district employee, you may submit it to the employee's supervisor in accordance with district policy. as a reminder, board rules on california law do not allow us to respo

the warriors community foundation teaming up with hewlett packard to donate $250,000 to the san francisco and oakland unified school district's a 100,000 of those funds are from head coach steve kerr the contributions will be used to 8 schools in buying laptops and internet connections as classrooms shifted to a distance-learning format. >>to the nfl 49 ers fan, the next chapter in such a storied career. the 36 year-old is entering his 16th nfl season and just signed a one-year deal with the new york jets. >>gore still holds the record as san francisco's leading rusher with more than 11,000 yards. he is 3rd on the all-time rushing list behind emmitt smith. and walter payton and finally an update on a story we first brought you last night here are some images from opening day for the korea baseball organization, the country's top professional league, the 144 game season. starting in empty stadiums with full safety measures in mind teams wearing masks their regular temperature checks. and fpinstead of spectators. the league has some form of fans set up in the stands and they are covering th

of facebook or hewlett packard or a woman president and this is a complete inversion of what you know that 1st wave feminism and read work and others were about and i would say that's. kind of they've quite affectively redefined. what most of these movements had their genesis in the 1960 s. what all most of these liberation movements were about yeah exactly i agree totally and that's where a point that i make in my book in the chapter about searching for a message the logical constituency that the that the background of the whims of the feminism the initial thrust of it was a revolutionary throws it did involve a kind of alternative conception of what society could look for all those are broken you know exactly for a solution. how do you. how do you see us grasping the consciousness that is vital because one can have like with the yellow vests protests. and they are reactive forces they are reacting against. attack sites or even micro himself but those are still reactive and the state can deal with reactive forces especially if they're localized and disconnected how do you see us. off

recession now don't don't fret because a lot of famous companies launched during a recession hewlett packard burger king microsoft general motors are you being impacted by this global phenomenon the co coronavirus lockdown all that stuff yeah of course i mean i think there's there's no bad time to start a company that's selling big quint given that i think it's probably the best consumer product of the internet age so it's probably a good business to be an. yeah it's been interesting in 2 ways one you know it's been really focusing for our team having extra hours you know that are no longer being allocated to traveling around and see friends are traveling to and from an office or whatever just kind of locked in and then working on the company which is great for moving really fast and then obviously the macro environment has started lots and lots of new conversations and for that it's a conversation around a corner on our money around you know money printer and all that on it the easing of governments around the world. and i say i think just in general it's been kind of a perfect storm for us

how about tech tech is up it's an interesting form of tech it's old school tech hewlett-packard is up nice today. xerox is rallying. corning is rallying. that's old school stuff. hoe about the megacap stocks the big five names they're up i want to point out, they were very late to the party today those stocks were all flat at the open a lot of people are offsides today. look at the estimates out there. there's been some conneequity ad mutual funds that tells you a lot of people are not very optimistic. 2939 that was the old high at tend of april and we sort of poked above that it's not a 52-week high but it's nice to beat the old prior high. we're back to where we were in the middle of march. that's a break out back to you. >> thank you jerome powell, while he sounded the alarm, reshiassured the investors there's more in the tool kit >> the fed chair was sounding a bit more upbeat in a speech he gave on wednesday when he talked to "60 minutes." he's very concerned out there but has an upbeat outlook when it comes to the second half of a recovery >> in the long run and even in the medi

susan: hewlett-packard was allegedly started in a garage in palo alto as well.t about garages? why not just rent an office building? susan: they could not rent an office building. it was during the first dotcom boom, it was really crowded. and there were just three of them when you are really small and you are working all the time, a house is a better work environment. iey could move in right away, said, i am not going to charge you a one year lease. shower, my refrigerator was in the garage. they thought it was great. david: at one point, you said, maybe i should join this company. will you the 16th employee or something like that? susan: yes. if i had joined a day earlier, i would have been the 12th or something. david: do they say, we won a discount on the rent now or two they stop renting from you? they moved out when they had seven or eight employees. it is residential. and there is no parking at night, so we had a lot of parking issues. after eight employees, we agreed, you need to find real office space. david: you joined the company, presumably they did

instead of dealing with the facts that that has hewlett packarded on hpa this has happen his watch, he's pretepnding it s not his fault. we do not have the resource s t do so. why is he acting this way? if i were a psychologist, i may have an answer. my fensense is having watched h now, he not only have empathy, he does not really care. >> it does make you wonder and it is hard to know you can't get inside his head but he has not demonstrated empathy on so many occasions where he has had the opportunity where something that would serve the country and quite honestly would serve him politically which is something that he seems to be tuned into, looking at the political advantage and yet he seems to not be capable of digging in the that place where you show empathy and one of the other things that we noticed that the political opportunity that he's seeing in this moment is in stoking cultural ward. that's becoming very clear from politicizing masks to talk about social media and politicizing churches and the reopening of churches. what do you think of this, tim? >> that's on us i am afraid

. >> totally i look back at hewlett-packard, you have to search really hard to find a tech giant thats still down versus where it was trading in 2007. this is pretty remarkable, how long this has been a mediocre business so i think that if you are a value investor and your mandate is to buy cheap stocks and you need tech in your portfolio, maybe this is something that you are paying attention to. box is less interesting to me, it seems more caommoditizecommod but hewlett-packard has value >> and we wanted to talk about the fact that your firm received a ppp loan for small businesses. you blocked about this and talk us through the process. first firstly, was it easy to get hold 6 the loan and how did you find it all?to get hold 6 the loan and how did you find it all >> easier than i thought but it wasn't easy. we have large bank in manhattaningmanhattan ing as our lender. our bank spent the first week back and forth with the treasury about clarify this or that so basically i sat there like i hope this happens. one of the things that i think is misunderstood is that it is not a go loan

let's flip it to hewlett-packard. hp plumbing the depths of the s&p 500. despite an earnings beat. laptop sales did grow but printer and desktop sales plunged during a time when a lot of people were supposed to be buying equipment to ramp up so hpq is moving down 11.6%. >>> we have a classic case of sole the ne sell on the news. investors appear to be cashing in their chips on casino stocks as las vegas sands, mgm, wynn and caesar's entertainment announced that properties including the bellagio with its famed fountains, new york new york and caesar's palace which is with its famed totally bizarre talking statues which everybody loves to see, they will reopen june 4th. shares are selling off across the board. little bit of sell on the news here. >>> as we await the final language of president trump's executive order to be ironed out and we are told it's supposed to come this hour, the president plans to sign the document the moment it is completed. the white house began writing the order just 48 hours after twitter flagged two of the president's tweets against mail-in voter ballots

significant assist for schools in the bay area the warriors community foundation teaming up with hewlett packard to donate $250,000 the san francisco and oakland unified school district a 100,000 of those funds are from head coach steve kerr money which was raised through a podcast he hosts with seahawks head coach pete carroll, the contributions will be used to aid schools invite laptops and internet connections as classrooms have shifted to a distance learning format. to the nfl 49 ers fan favorite franc gore with the next chapter in such a storied career at the 36 year-old is entering his 16th nfl season just signed a one-year deal with the new york jets score still holds the record as san francisco's leading rusher with more than 11,000 yards. he is 3rd on the all-time rushing list behind emmitt smith. and walter payton and finally an update on a story we first brought you last night here are some images from opening day for the korea baseball organization, the country's top professional league, the 144 game season. starting this week in empty stadiums with for safety measures in mind. you s

the covid-19 crisis also creating storm clouds for hewlett-packard enterprises. the provider unveiling a 1 billion dollars cost-cutting plan after missing both quarterly earnings and revenue estimates due to pandemic disruptions. on the flip side of this, lulu lemon is having a sweet day looking to move past the outbreak, more than 150 of the popular ath leisure brands store fronts opened worldwide with another 200 set to back on-line in the next few weeks. up next, toilet paper not the only thing flying off the shelves during a lockdown. after the break, logitech ceo tells liz exclusively when sold-out web cams will be back in stock. "the claman countdown" is coming back. there are times when our need to connect really matters. to keep customers and employees in the know. to keep business moving. comcast business is prepared for times like these. powered by the nation's largest gig-speed network. to help give you the speed, reliability, and security you need. tools to manage your business from any device, anywhere. and a team of experts - here for you 24/7. we'v

. >>> welcome back shares of hewlett-packard enterprise taking a hit this morning. quarterly results missing street forecasts as covid-19 impacted hp's business. the company also unveiling cost cutting plan designed to save $1 billion by 2022. joining us on a cnbc exclusive is hp's ceo antonio neri thanks for being with us today. >> good morning. thanks for having me today >> all right just digging through the numbers right now, i know one of the things you disclosed on the call was a backlog two times normal at $1.5 billion. you find that encouraging. where is that demand coming from and when would you expect it to manifest into sales? >> sure. obviously this was a different quarter and we had the full quarter impact of coronavirus because our impact was the entire coronavirus quarter we exited the quarter with a significant backlog, two times historical levels and that amount was across, was across compute storage and high performance computing and mission critical systems what we call taking the bookings was pretty steady, one of the best audits we've ever had be

. >> caller: my question is what is your opinion on hewlett-packard?s hpe, the enterprise i think is a sell and then hpq, which is the guy who makes the desktop, laptop, i think is okay. but i also want to thank you for the kind words we had dave tapper on "squawk" -- on halftime money, what the heck, with scott wapner, and he's a really great investor and dan druckemiller is a great investor i am a watcher at this point >>> greg in tennessee. greg >> caller: good day, mr. cramer. >> how are you >> caller: very well, thanks spoken to you a couple times in the past it's always a pleasure >> thank you, thank you. >> caller: today my question is about bank stocks in general and key corporation in particular. >> key is a great company, sir, but that 7.6% yield tells me that the fed -- somebody is going to say, listen -- [ buzzer ] -- we have to preserve capital in the banks this is a company that lends to a lot of little business i the businesses are why we have p.p.p. and it's not saving them enough we need another 3 trillion, and that's why i think the s

significant assist 2 schools in the bay area worries community foundation is teaming up with hewlett packardte $250,000 to san francisco and oakland schools, a 100,000 is from head coach steve kerr and the money is raised through a pod cast that he host the seahawks head coach pete carroll, the contributions are going to be used to aid schools and buy laptops and getting internet connections. >>because classrooms are all as we know at home during this the boy scouts unveiled a coronavirus merit badge for scouts making personal protective equipment for front-line workers a true been long island unveiled the first of the badges. >>yesterday troop leaders say that the scouts all over long island picked up materials to help make face shields the first of its kind use real 3 leaf effort will allow kids to help support. nurses and doctors and hospital personnel, the merit badge and certificate is going to be presented to the children when the it is safe to do so in >>is donating thousands of shoes to frontline health workers. the company has partnered with the nonprofit good 3.60 to deliver 30,000

significant assist for schools in the bay area, the warriors community foundation teaming up with hewlett packard to donate $250,000 the san francisco and oakland unified school district 200,000 of those funds are from head coach steve kerr money which was race for a pod cast. he hosts. >>with seahawks head coach pete carroll, the contributions will be used to aid schools and by last tops and internet connections as classrooms have shifted to a distance learning format during the pandemic. to the nfl 49, ers fan favorite frank gore with the next chapter in such a storied career. the 36 year-old is entering his 16th nfl season in just signed a one-year deal with the new york jets score still holds the record as san francisco's leading rusher with more than 11,000 yards. he is 3rd on the all-time rushing list behind emmitt smith. and walter payton and finally an update on a story we first brought you last night video from opening day for the korea baseball organization, the country's top professional league. the 144 game season starting this week in empty stadiums with full safety measures in mind.

>> hewlett-packard this name continues to hit with gigantic call buying going higher. >> kevin o'leary >> j&j largest holding of health care for two years. >> let's take a quick check of the markets in the last 15 seconds. we have a good day going 24,500 where the dow is. s&p around the key level keep your eye on that. certainly as well. we are back to early march levels for stocks. thanks so much for watching. kelly evans picks up the breaking news coverage right now. >>> thank you, scott welcome, everybody on this monday, coronavirus is sending stocks surging today with the dow and s&p having the strongest day in more than a month. all three up for a third straight day positive for may so far. a big rally in oil helping sentiment. crude around $32 a barrel. we'll have more on that in a moment take a look at the sectors and the markets first to see the gains that i'm tacking about the dow up 824 opponents 3.5% gain now practically. 86 points higher for the s&p a 3% gain. the nasdaq the

teachers to know how special they are and we thank the warriors for their partnership, for the hewlett-packardoundation bridging with us and for just recognising the special work that our teachers are doing, especially. it's all of the time, but especially in these times. >> thank you. i got to see it without the glitch before and it's such a wonderful video, so hopefully we can make it available somewhere. kind of zoom bombing. so i have a feeling that we'll be teaming up with the warriors with some fun in the near future. and item five a recognising all valuable employees, awards are announced tad. today and section c is public comment and so our host, mr. steel, will call on speakers and keep the two-minute time. here is the protocol. please note public comment will hear from the community on what's in the board's jurisdiction and we ask you refrain from using employee and student names and if you have a complaint about a district employee, you may submit it to the employee's supervisor in accordance with district policy. as a reminder, board rules on california law do not allow us to respo

hewlett-packard. they just reported. revenue down 16% from last year.ey are now about, what, $800 million in the hole. that was their loss. hp is down to $9 a share. 8% lower right now. >>> love these retail winners. one of them is berberry. tell me more. susan: recovery in china, hong kong and the mainland, believe it or not. because of the slowdown in the chinese economy and the ongoing hong kong protests, we actually saw a dip when it comes to luxury sales. we know the chinese consumer has powered about 90% of the growth in luxury sales over the past decade. also, there is a bit of distortion effect because we have seen sales go up in south korea, also china, mainland china, because people aren't traveling. they usually go to europe, where they get the tax break and tax rebates to buy their luxury goods but because of the -- being stuck at home and the travel bans, they are staying instead to buy at home. so burberry might indicate for luxury brands there might be a resurgence in sales in those particular markets. stuart: they are doing well today. t

teachers to know how special they are and we thank the warriors for their partnership, for the hewlett-packardoundation bridging with us and for just recognising the special work that our teachers are doing, especially. it's all of the time, but especially in these times. >> thank you. i got to see it without the glitch before and it's such a wonderful video, so hopefully we can make it available somewhere. kind of zoom bombing. so i have a feeling that we'll be teaming up with the warriors with some fun in the near future. and item five a recognising all valuable employees, awards are announced tad. today and section c is public comment and so our host, mr. steel, will call on speakers and keep the two-minute time. here is the protocol. please note public comment will hear from the community on what's in the board's jurisdiction and we ask you refrain from using employee and student names and if you have a complaint about a district employee, you may submit it to the employee's supervisor in accordance with district policy. as a reminder, board rules on california law do not allow us to respo

hewlett-packard. a bit of good news for them. jpmorgan upgraded the stock to neutral from sell.he virus dealt a massive hit to them this past quarter. they have laid out, what, a billion dollar cost-cutting plan to combat it. it's up 40 cents. got that. >>> netflix, another down day. states are reopening, people are getting out of the house. that's not great news for the netflixes of this world. stock is heading towards its longest losing streak in ten months. it's down ten bucks as of right now. >>> let's get a check of boeing. and airbus. ash, what's the news on both of them? ashley: well, they are kind of teaming up, stu. they are going to try and find out, at least do more research into how the coronavirus behaves inside the cabin of a jetliner. it's interesting because boeing is looking at ultraviolet light as a potential real winner here. they are trying to figure out what kind of dosage is needed to cleanse or clean or disinfect an airplane between flights. there's a university in colorado that's working on that right now. meanwhile, you have airbus looking at self-cleani