take a look at share of hewlett-packard. can see, they are down as much as what may be almost 7% this morning, after the tech giant's earnings were ahead of estimates by one penny. revenue short of estimates but the key was the company warning the strong dollar is taking a significant bite out of its full-year profits and therefore lowered its guidance. joining me now in an exclusiven view to break down the quarter, what's left of the year everything else hewlett-packard's chairman and ceo, meg whitman. always a pleasure to have you, meg. thank you for being here. >> yeah happy to see you this morning. >> let's start on the revenue front. i know we'll get to the dollar as well and that may figure into it. down 2% on constant currency for the first quarter yet you stick with the idea of flat revenues on constant currency for the year why. >> there's real bright spots in the business. the pc business continues to do well. perhaps the biggest turnaround in the last couple of years, last couple of quarters our industry standard

. >> hewlett-packard at the lows in the after hour session. the company missing on revenue estimates, cautionary headwinds in 2015. david has the details. david? >> thanks, melissa. it was $26.8 billion for the first quarter. 92 cents a share. but that's not what investors are going to be focused on as much as the cut and guidance from the company as a result of that strong dollar. now, it's going to have an impact overall the company says of 60 cents a share. half of that they hope to make up from productivity and through taking price, if they can. in other words, raising the price of various goods that are impacted by that strong dollar. but man, have they been impacted. the tune of about a billion and a half dollars in earnings, and 3.3 billion in revenues, is at least what hewlett-packard is estimating. of course, perhaps even more than other companies with similar product portfolio, if you will, they sell even more overseas. let's call it 2/3 of sales are international. half of that takes place in europe. so you can't imagine that they ar

hewlett-packard called it fierce competition. fierce competition in the space. you know what i want? i want no competition in the space, which brings me back to what happens when money managers get disenchanted. they don't leave it entirely they should be free with the second area, the segment, in this case, taking the growth contingent and abandoning it. gross value, and that is what they define today's trading, flash flooding not more but flash flooding into high growth tech. we see the wholesale switch, the expensive stocks of high growth companies. the companies have competition, let alone fierce competition. they don't represent a lot of value. we see them plow into none other than facebook and google. remember them? and then a soaring sales force.com, we'll speak to sales force.com's earnings report i'm calling it the polar opposite of hewlett-packard. i was like hm for months facebook and google have been painful to own, that is unfair -- it has been a fabulous place to be witness the strength. now, google deserves the program. any company whose managemen

carly fiorina is the first woman ceo of hewlett-packard and the first to lead a fortune 500 company.was named by "fortune" magazine as one of the most powerful women in american business. in 2010, carly was the nominee for the u.s. senate from california. she has been a member of many boards, including kellogg company, world economic foundation, and the united states china board of trade. she currently serves as the chair of the unlocking potential project, which seeks to help female conservatives. last week, i was at a board meeting for indpendent colleges. our speaker was chuck todd from nbc and i asked who he thought had the greatest potential of -- among candidates we do not hear about as much as the primary ones in the media market. before i could finish the sentence, he said carly fiorina. for her leadership, for her experience, for her ability to relate to people. we are pleased to have her join us this morning, especially since she's traveled in a snowstorm to get here. ladies and gentlemen, please welcome carly fiorina. [applause] >> well, good morning. it is a great pleasur

and hewlett-packard enterprises.ed to have taken 34r5is place by november 1st. >> thank you very much. a lot to sift through. please stay there. for more let's bring in analyst david garrity joining us at post 9. shares under pressure understandably. this is a miss and a lower. >> it's a big miss. you basically had $500 million on the top line because of the strong dollar impacting the company and also you have this whole indication in terms of their dropping their own guidance. even as you go forward looking at the separation, investors are going to start asking the question arguably when you had one company, you had the ability to achieve economies of scale. you're breaking it up into two companies. how much of their costs will be rising on both sides. there had been a hope on the street that going into the separation there would be a revaluation in terms of the pe multiple. but obviously right now given the current operating conditions and given the outlook as far as costs are concerned, look for the shares to pul

one of my best jobs was for hewlett-packard. i answered an ad, accepted the first offer, and became a receptionist in a nine person real estate firm. i sat in the front of that office and answered phones and greeted clients and typed files. i had no sense of what the future was like, i just needed to pay the rent. six months into the job, two men who work there came to my desk , and said we have been watching you and think you could do more than files. you want to learn something about business? those men change the trajectory of my life because they saw that possibility in me. because they saw possibility in me, i saw possibility and myself. i have traveled all over the world and lived all over the world and i know that it is true , in 2015, and only in this country, that a young woman can start out as a law school dropout and secretary and become the chief executive of the largest technology company in the world. that is only possible in the united states of america. and it is possible because our founders knew what my mother

think of hewlett-packard.ohn chambers does not want to happen to cisco what happened to hewlett-packard. hewlett-packard became the target of archivists, ralph whitworth ended up on the board here at -- board. john chambers is determined to stay ahead of the activist movement. or is john chambers on activism and what it means to him and cisco. >> many of the things other companies would be criticized on we have already done ourselves. we are very pleased with where we are on the market. we are going to become the number one i.t. company. many of our shareholders know we have a good chance of doing that. >> every ceo needs to be his own activist. clearly it's hard to do. you can't look at cisco with a market cap of $165 billion and say it's too large. once upon a time without companies of that size were too large, then carl icahn knocked on tim cook store and had a dialogue with him, and it seems that apple was in some way response into the kinds of demands that carl icahn made. john chambers says that's not go

after the bell we'll continue to follow earnings, hue hewlett-packard, dreamworks, sam adams.at they say about the penguins of madagascar, and hewlett-packard with their new deal with deutsche bank and to help them. so that's going to be interesting as well. so there's a lot to follow here going into the close. liz: indeed, absolutely. dreamworks expecting a loss of more than $3. it's a tough time for a company that we all certainly know and go to see their movies. keep it here for full coverage of those earnings results after the bell from hewlett-packard and dreamworks animation. david asman is going to bring you at numbers and market reaction along with me, can't miss it. we'll be right here. there's no bridging, we're just all the way through, powering through. >>> recovery or no recovery? that's the question. today the s&p case shiller home price index released the december 2014 housing data. actually, the report showed a month-over-month increase and a year-over-year increase of 4.5%. the month-over-month was a little more incremental, but none the less, the state of hou

hewlett-packard is down weak sales, disappointing outlook down nearly 10%, big stocks, as hewlett-packarding around 50 bucks a barrel, still there right now. national average for a gallon of regular 232 up another penny overnight, that means it has been 30 straight days the price of gas has gone straight up. we say it every day. it is going up faster than it can down. not good news on the economy. the home ownership korea in the u.s. drops to 20 year low according to numbers from the census bureau. liz, one of our scenes is the president has change america. can we lay blame for this fall in home ownership rate on president obama? liz: yes and here's why. is not the immaculate recovery. talking to wall street analysts they say the recovery is built on $10 an hour jobs, 30 hour work week and people have a lot of debt, basically a $11 trillion in debt, the debt has been rising. when you don't have hourly wage growth you can't afford a mortgage. what is interesting is home ownership rate is lower than it was in 1984 before fannie and freddie and the committee reinvestment act was fixing thing

>> well in the five and a half years, almost six years i was at hewlett-packard, we doubled the companyket laggard in every product category to market leader in every product category and in every market in which we competed. i will run on that record dale long. >> this major merge we are compaq, at the time, hit for all these jobs that were lost overall. how do you explain that? that complex thing that's easy to hit on a bumper sticker? >> it was at the time a very con throw he version decision it was the largest merger ever in the technology industry, by most experts acknowledged to be the most successful. we clearly did the right thing because had we not grown our expanded our product line so many more people would have lost their jobs and we wouldn't have been able to create the job wes did. >> some analysts see fiorina as a long shot but still an attractive candidate in a crowded gop field. >> if there's one candidate republican leaders want stand october stage during the debates, it has to be carly fiorina. she is unlikely tonight nominee, i think unlikely even to be the vice pres

former hewlett-packard ceo carlie foreign. >> sararuth m. fornara: nina joins us next.you have to see this coming up. >>> i know b.b. netanyahu. as i sat in his office five years ago, he spoke then of the dangers posed by iran. he travels here next week not to offend our president, but to warn the american people that our president insistence on a deal with any cost s. a danger to the world. >> former hewlett packard ceo carly fiorina helping to kick off cpac. considered a kickoff to the 2016 presidential race. carlie joins us. nice to see you, carlie. >> great to be with you, greta. thanks for having me. >> carlie i was listening to your speech today. kroncke, i think you -- correct me if i am wrong. a 3% of the women voters have special interest. they are the majority. what does this mean going into to 16? what's the strategy going into 2016 for both you and the men, assuming hypothetically you are all in the race? >> well, i think we just have to recognize that women who represent ha 3 percent of the vote have to be engaged for us to win. we have to win with women in

former hewlett-packard ceo carlie foreign. >> sararuth m. fornara: nina joins us next. see this coming up. there's only one egg that just tastes better. fresher. more flavorful. delicious. only one egg with better nutrition... like more vitamins d, e, and omega 3s. and 25% less saturated fat. only one egg good enough for my family. because why have ordinary when you can have the best. eggland's best. the only egg that gives you so much more: better taste. better nutrition. better eggs. woman: for soft beautiful feet i have a professional secret: amopé and its premium foot care line. the new amopé pedi perfect foot file gives you soft beautiful feet effortlessly. its microlumina rotating head buffs away hard skin even on those hard-to-reach spots. it's amazing. you can see it and feel it. my new must-have for soft, beautiful feet. amopé pedi perfect. find it in the foot care aisle or at the registers in these stores. >>> i know b.b. netanyahu. as i sat in his office five years ago, he spoke then of the dangers posed by iran. he travels here next week not to offend our pr

. >> mexico former hewlett-packard -- next, former hewlett-packard ceo carly fiorina. and then rand paul was remarks at the spectra energy luck. -- with remarks at the spectator door garygala. carly fiorina spoke of a politics and eggs breakfast in new hampshire. she says she is considering a run for the presidential nomination. the politics and eggs breakfast series dates back to 1986 and is cohosted by the institute of politics at certain and some college and the new england council -- saint anselm college and the new england council. >> thank you. as some of you know, i spent several years in wisconsin as president of an institution before coming to new hampshire and we have a four days like today, it is called summer -- a word for days like today, it is called summer. [laughter] carly fiorina is the first woman ceo of hewlett-packard and the first to lead a fortune 500 company. she was named by "fortune" magazine as one of the most powerful women in american business. in 2010, she was the nominee for the u.s. senate from california. she has been a member of many bo

straight ahead on hewlett-packard. two traders going toe to toe. do that after this quick one. >> the halftime report with scott walker is the place for market-moving interviews. >> when you see large currency moves and large price moves in a commodity like oil, you have to be worried. >> real money. >>> welcome back. nasty chart for micron. mu down 4.25%. what's up? >> the dram chips are going to be in the lg phone that's coming out in april. 100%. then it was also revealed that half the chips in the apple will be provided by samsung. this obviously is a concern to micron, but keep in mind only 20% of the total market share is related to the mobile space. >> i think where micron is valued i do believe it is. i think micron is fairly valued. $30, $35. somewhere in that range. sandisk getting sold off. >> let's talk some hp. the company is flat heading into its earnings report after the bell today. hewlett-packard also finalizing the split of two core business segments. should you buy into the hype, or is hp's run about to come to an end? let's deba

liz: david richmond's thought on hewlett-packard. again this is a company, challenged, been working very hard to totally overhaul the business. splitting the stock, splitting the company, doing all kinds of efforts. is this a name you would ever go into? >> liz, we would avoid it. it is company without focus. they're trying to get focus. they're trying to do what they can but it is really, really hard to gain traction. these things take years, not quarters. market works quarter to quarter. it is not a stock we would look at this level or really any level for the time being. liz: let me point out something. cheryl hit this. enterprise services revenue. 4.99 billion. versus 5.6 billion last year. the trend, david. not good. enterprises were real money. fancy word for businesses. david: larry rosenthal, one of the interesting things that hit hewlett-packard is the currency problem. our currency is getting stronger. if our people continue to print as much as they have been printing, europe will be printing more, japan, we are going to be

think of hewlett-packard.ohn chambers does not want to happen to cisco what happened to hewlett-packard. he's absolutely determined to stay ahead of the activist movement. here is john chambers on activism. >> many of the things that other companies would be criticized on we have already done ourselves. we will become the number one i.t. company. we have a very good chance of doing that. >> every ceo needs to be his own activist. it is hard to do. one thing you can say is that you can't look at cisco and say it is too large. once upon a time, we thought company's of that size were too large and then carl icahn knocked on tim cook's door. it seems apple was responsive to the kinds of demands that carl icahn made. john chambers and says that will not happen to cisco because he's listening to his shareholders. >> more "bloomberg west" right after this. >> this is "bloomberg west." to our special focus this hour the gaming industry. digging deeper into one hit wonders. niccolo de masi of glu mobile came all the wa

aruba networks they may be bought by hewlett-packard. after reporting lackluster earnings hb is in talks to buy a rube the. -- aruba. they make hardware and software usable wi-fi networks. for typically hotels, shopping malls. why would they do a big acquisition? alex sherman broke this story. this is interesting coming when it does. the company is a question mark. >> the first acquisition, first major acquisitions and's baton of me -- autonomy it comes now after the hb reports earnings. we will have a chance to hear from aruba's management point blank. management is going to be asked. hp is going to be under the microscope. no matter what they did they would be under the microscope. aruba is the first stake in the ground from meg whitman's turnaround. it is interesting hp would theoretically move before splitting the company. perhaps that is because they want aruba networks. if they are selling they may think we need to act now or risk losing them. >> hp has talked about improving operating margins they talked about it bumping up by a p

carly fiorina is the former hewlett-packard ceo.peaking spot at the conservative political action conference known as cpac, the comic-con-like event which can catapult a presidential contender to political superstardom. she wasted no time going after another female, the presumed democratic front-runner. >> unlike mrs. clinton, i know that flying is an activity not an accomplishment. i have met -- i have met vladimir putin, and i know that his ambition will not be deterred by a gimmicky red reset button. mrs. clinton, please name an accomplishment. >> carly fiorina joins me now. we'll come back to cpac in a moment but allow me to ask you about some of today's headlines. the house republicans narrowly averted stopping the funding of dhs last night at a time when jihad johnny is on the front page of american newspapers. is this the right way to pose president obama on immigration? >> well i think honestly this has been a huge failure of leadership on both sides. this has been going on for months now. president obama for his part knew h

hewlett-packard took a big hit because of the dollar.her down the fix curve, they can see it going multiple months out. we could see volatility around 30, which is what happened back in september. >> you mention earnings. lows, like home depot yesterday it did better than expected benefiting from the home renovation cycle. what kind of options activity are we seeing? >> now that earnings have come out volatility actually in a lows is pretty suppressed. around 20. you're seeing two times the amount of calls being traded. that is a great reason why options are good. when volatility is low you can place bets into the future at a cheap rate. >> i am looking at the breakdown of the s&p 500 groups and the worst performing groups is utilities. you have a trade for us that actually tries to play into that . you think there will continue to be a negative trend. >> utilities are really rich. they're trading at 19 times earnings. specifically looking at the xl u etf. it is forecasting in the utility sectors 5% earnings growth, but you're paying 19

but next, yesterday's debate on hewlett-packard was so good we're bringing it back for a sequel. trade update from josh and beet wh pete when we come back. >>> the competition for trader of the year continues. six "halftime" traders, one epic battle. who will reign supreme in the ultimate portfolio challenge. keep up with every move on the "halftime report" and go to cnbc pro for real-time trading alerts, plus exclusive insight and analysis behind the trades. sign up now at cnbc.com/pro for your limited time free preview. the portfolio challenge on the "halftime report" noon eastern weekdays on cnbc. you total your brand new car. nobody's hurt,but there will still be pain. it comes when your insurance company says they'll only pay three-quarters of what it takes to replace it. what are you supposed to do, drive three-quarters of a car? now if you had a liberty mutual new car replacement, you'd get your whole car back. i guess they don't want you driving around on three wheels. smart. new car replacement is just one of the features that come standard with a base liberty mutual pol

some of that is lower headcount. >> the free cash flow at hewlett-packard has had the benefit of factoringthis shows up twice in a circular reference. they have been selling receivables from the customers. these are h-p's customers. are they running out of these tricks to boost cash flow? back they have extended payment terms to the customers. now it is more of a working capital in cash convergence cycle play. they can only take us so far to your point. the 10-12 a range is about as far as they can take it. we have seen very good cash management over the past couple of years. certainly there has been a step back the most recent quarter. >> if you look at the way they boosted free cash flow by selling receivables, they the imf conspiracy there is but i look at the quarterly pay based on free cash flow as a percentage of earnings. selling receivables to boost the free cash flow. am i crazy to look at the profit motive? >> you cannot do that forever but only a certain amount of time. >> the company was overenthusiastic when again to 6.5 free cash flow guidance. they should have been more fort

. >> massive charges, lawoffs, falling sales, currency head winds everything is happening at hewlett-packard. the 76-year-old tech pioneer in a critical phase as it prepares to split into two. they say it will now hit $2 billion over several years and it doesn't include the cost of layoffs. and yes there will be more layoffs. job cuts will hit 55,000 by the end of the fiscal year. but cfo is hinting about even more cuts during that spinoff process. meanwhile, meg wittman insists that the turn around track even though sales fell for the 13th of 14 quarters. i spoke with jason nolen. >> the biggest surprise to me was the free cash flow. $3 billion. and some of that was currency translation some was foreign tax. but a big component was the cost of separation. legal fees, consulting fees there's a lot of work that has to be done that separates these two companies. i think it's the right move long term but that was a big surprise to me. i didn't expect a billion-3. >> let's talk about this. it's very different than earnings. it's the money that the company collects. there's a lot of sort of back

some of that is lower headcount. >> but the free cash flow at hewlett-packard for the last year or twos has had the benefit of factoring, which is barely mentioned in the quarterly reports in the circular reference. the word factoring shows up twice in these reports. but they've been selling their receiveables from their customers. these aren't -- these are their customers. good debt. they've been selling that. boosting free cash flow but are they kind of running out of those kind of tricks to boost free cash flow? >> they've extended payment terms, too, to these customers. so it used to be fast pay makes fast friends. now it's more of a working capital. but they can only take that so far to your point and that 10-12 day range that they give is about as far as they can take it. but we've seen very good cash management over the last couple of years and that's certainly, there's been a little bit of a step back here, this most recent quarter. >> so if you look at that the way they boosted that free cash flow by selling receiveables make. maybe i'm a conspiracy theorist but i look that a

hewlett packard projected results fell short of estimates.wo thirds of sales come from overseas. hp is preparing to split into two companies. the veteran who killed chris kyle has been convicted of murder. a texas jury rejected claims that any reg out was legally -- eddie ray routh was legally -- the judge sentenced routh. chicago's mayor must go into a runoff to win a second term. rahm emanuel failed to win a majority in voting yesterday. the city's unions and teachers are backing his challenger. today in washington, janet yellen back on the hill for part two of her face off with the republican-controlled congress. she weighs into -- weight into tougher territory. her testimony comes as the fed is being pressured by lawmakers on both sides demanding more transparency and accountability from the institution. kindness and bill huizenga -- congressman bill huizenga will get his chance to question janet yellen later today. bill: i want to hear that she is open to more transparency. i would love to hill her describe here her describe what she was

next former hewlett packard c.e.o. discusses politics in new hampshire and then rand paul with remarks at the american spectator magazine gala. after that perry speaks to republican women in new hampshire. carly fiorina who now chairs the american conservative union foundation spoke at a politics and eggs breakfast in new hampshire on tuesday. she has said she is considering a run for the 2016 republican presidential nomination. the politics and eggs breakfast series a dates back to 1996 and is cohosted by the new hampshire institute of politics and the new england council. this is almost an hour. [captions copyright national cable satellite corp. 2015] >> i spent several years in wisconsin before coming to happy holidays and we have a word for days like today. it is culled summer. [laughter] >> it is my great oner to induce our speaker this morning. carly is the former c.e.o. of hewlett packardnd and the first woman to lead a fortune 50 company. before joining hewlett packard she was president of l under cent global a

facebook 80. >> a lot of reaction is to hewlett-packard.rd, western digital digital, micron, they captured the fancy. put in intel, very negative note about intel, one analyst believes intel will have a down year. out of the old into the new. and you're seeing that salesforce versus hewlett setting the tone and those stocks are high growth stocks what people want right now. >> you like a good pullback. we've not gotten one though the ten year has come in. what does that say. >> we have stocks that rested like facebook and google. and they've rested now ready. we saw that happen with mastercard ready after resting, under armour. high growth stocks resting. now they can bust out. >> google is resting? that's what you call it? >> interesting that piece, google in "the journal" youtube can't make money with it. >> we'll talk about that. >> if we got together we could make money. >> facebook manages to cobble together $3 billion. >> facebook there was insider selling that got people down. >> opening bell. at the big board, etf securities and zac

so i would play it with hewlett-packard. for me, the conference call, they said they were going to slow the pace of m and a activity. they acquired ten companies in 2014. they were saying all the right things. the chart doesn't look great to me. it's not impressive. the whole space i'd rather be in hewlett. >> that reversal is terrible. still lives in your drawer for the long term? >> yeah, i know this is a factory in a box. here actually i think triple d is not that bad. it's been bouncing around 28 on the low side. i think it's not bad to get into it at this point. >> are you snickering because you disagree? >> you're living his draw. >> he says put it in your drawer and wait. >> apologize. >> in other words, you put it in your drawer and forget about it. it's called a rogue trader. >> oh! >> right? >> putting your monkey into orbit. >>> give me a break here. still ahead, the federal communications commission voted in favor of net neutrality rules. we'll hear from one guest who says there is no way, no way comcast and time

i was proud as the ceo of hewlett-packard that we were generating 11 patents.ut small businesses innovated at seven times the rate. small business is the growth and innovation engine of our economy. and what is happening today? for the first time in u.s. history, we are destroying more businesses than we are creating. 70% of small business owners say that government is hostile to them. and i am not talking about -- when i talk about main street entrepreneurship i am not talking about steve jobs or bill and dave or mark zuckerberg, or bill gates those are great , entrepreneurs but they are not who i am talking about. i am talking about the corner coffee shop, the lawn service company, the hair salon. these are the people that drive the economy and these people are struggling. it is interesting because companies are doing fine, the stock market is doing fine. elizabeth warren is right, you know. crony capitalism is alive and well. but elizabeth warren is dead wrong as to why. only big business can deal with big government, to hire -- only big business has the res

that makes this unique is they go to work, working at corporations like adobe, cisco systems, hewlett-packard, catholic charities, goodwill, the tech museum, santa clara university. >> reporter: to qualify, the students prarnt patted in we scare -- participated in we scare hung grer donating food to sacred heart, a local food bank. and a woman and children's center. on this day, we saw students tutor younger children part of the 16 hours of service required each year. >> i worked with kids in elementary, grades 4 through 5. >> i first started in 4th grade when i decided to donate my hair to a charity that makes wigs for cancer patients. so we donated money and blankets that would go to tijuana in mexico. >> reporter: as she looks through her papers, she reflects back to her experience last year. >> i can't imagine a better way for students to spend a better day of school. the experience was more valuable anything could do. >> reporter: mike mibach, fox 2. >> they are still looking for volunteers. if you are interested in pitching in, go to ktvu.com. and click on web links. >>> mark tamayo is

hewlett packard saw profits fall as sales of desktop computers fell sharply from a year ago and from the different segments. results come as hp preparing pc business from its corporate hardware business. along with its results, the company said it would take a charge of more than $1 billion because of that separation. shares dropped off initially after the bell. before the close, the stock was slightly higher to $34.99. and lending club saw shares crash. the online loan marketplace's quarterlies mostly in line with estimates but profit forecast for the year fell below consensus. as you can see on that chart, the stock initially fell after the bell before the close, the stock was off a fraction to $23.65 $23.65. > comcast, the largest tv operator in the u.s. fourth quarter revenue with internet customers and increased the buyback program to $10 billion and hiked its dividend to a dollar a share. the yield now about 1.5%. shares were almost a dollar higher at $59.17 and comcast is the parent company of cnbc which produces this program. >>> domino's pizza reported earnings that missed w

just moments away hewlett-packard's meg whitman live and exclusive after yesterday's earnings.ter that flurry of record highs yesterday in global stocks. yellen has day two of her testimony on the hill. oil remains in that range right around 50.

hewlett-packard's ceo is getting more money after three years of sales the kleins. the board of directors raised her total compensation by 11%. ahead of their split of two companies. she will receive $19.6 million in 2013. she was sent to raise -- annual enterprise ratings ever in super bowl history 49 game so far. the game was offered and 49% of the homes. ratings totals will be released later. the patriots won. now to the lead -- the largest spectrum auction and the u.s. history, over $40 billion in bids. one of the big book -- big winners was dish network. they secured $13.3 billion in winning bids. they won more spectrum than verizon. dish had $14 billion in revenue and a market cap of 33 billion this is amazing. they use a loophole to get a discount as a small business. yes, dish network is a small business. now they are asking for $3 billion in discounts because they have this partnership with a couple of companies that makes them, according to them, small business. it's supposed to be for firms with less than $15 million in revenue. joining us is the sec exch

hewlett-packard has forecast quarterly and full-year profits that will miss analyst estimates. for 2015 will be $3.35 to $3.73 a share. missing the $3.95 estimate. the computer maker says the impact of the rising u.s. dollar is greater than anticipated. petrobras has been cut to junk by moody's. the resilient energy company was cut to ba2 from baa3. moody says it reflects the concern from increasing corruption investigation. anna: the french maker of pipes that service the oil and gas industry, valerie x has reported -- valorex has reported earnings. joining us now is the company's cfo. olivier malley. your company has taken a big write-down with the fall in oil prices, how confident are you that we won't see further write-downs? guest: good morning, first we did based on the market yesterday take a right off on some of our efforts which are exposed to the evolution of the oil price. we are previewing future creation by adapting ourselves to the creation activity in 2015 and by prepping as well. any girl -- anna: are you saying there will be no more write-downs how can you have

hewlett-packard said to be in talks to acquire aruba networks. a deal announcement could come as soon as next week. that's a bloomberg report. hp just reported earnings and it's set to split into two separate companies later this year. an interesting development to watch. that's why the shares are on the move. back over to you. >> thanks, dom. it occurs to me this is one way to deflect people away from the lower guidance they gave. suddenly have word get out about a possible acquisition here. >> and it brings us back to this question about old tech as we look at the nasdaq generally moving towards the 5,000 mark. today it's a little under pressure. it's now down about nine points. kenny, curious for your thoughts and this hp possible deal news here. >> listen i think, first of all, that we're teasing with the 5,000 and like we said yesterday, i think once it breaks through, it's going to end up being a net net positive but to go back one quick second about your earnings about the guidance, we're just getting through with fourth quarter earnings.

hewlett-packard's chief executive meg whitman is getting more money. three years of sales decline, the company raised whitman's total compensation by 11%, ahead of hp's split into two separate companies. the numbers are in for last night's super bowl. the game drew a record 114.4 million viewers, making it the most-watched program in u.s. television history. nbc says it's live streaming platform attracted an average of 800,000 viewers per minute. the new england patriots defeated the seattle seahawks in dramatic fashion, 28-24. ♪ >> the chinese government released a scathing report about counterfeit goods, misleading ads. today jack ma spoke about the issue in hong kong. >> we have a problem almost every week. the problem we have last week, we already have the first stage solved. this thing i think is going to be very transparent. this thing is going to be pretty meaningful for e-commerce groups developing in china. it's not supported by certain government officials. it is how we can do things in a good way, in good legal procedures. and so far, we're

then former hewlett-packard ceo carly fiorina at the politics and eggs breakfast in new hampshire. then rand paul at the annual gala. >> british prime minister david cameron answered several questions wednesday from the house of commons concerning accusations that swiss bank hsbc helped some avoid paying taxes. the president discussed ukraine this is 35 minutes. >> order. questions to the prime minister. >> this morning i had meetings with ministerial colleagues and others, and in addition to my duties in this house, i shall have further such meetings later today. >> does my right honorable friend recall the general election of 1983? it resulted in a conservative landslide win in which i and 100 other conservatives were elected for the first time. at that time, unemployment stood at 3 million. today it is 2 million. the rate of inflation was 8%. it is now under 2%. the work force numbered 24 million. today it is 30 million. there were 9 million women in the work force in 1983. today there are 14 million. does he agree that those comparisons, coupled with the trump card, which he an

i look at the turn around failing at ibm and hewlett-packard, and then i think there is no way japanesey can turn things around. they are turning it around. >> yes, they are. a strong dollar helps. definitely some currency effect in the numbers, but when you dig underneath what you see is a shift of 900,000 for more ps4's. they double the number of subscriptions to their network services which are people playing the games, and they also stalled over 20% improvement in the phone business. that is more bad news for samsung because they are going after the premium android space. bottom line they got out of the pc business last year and got focused and started to see results. currencies help. >> it is hard to say how much the currency helps. who cares? what they sell and the fact that they are selling more of it is important. i think it is inc., i was shocked they could turn around the tv business. they fit in the sec filing the tv business was up over 10% year-over-year. the orders were 10% year-over-year. that is impressive. >> it is impressive. again, this is an example of sony going aft

we have heard repeatedly whether it is from hewlett-packard or cisco or microsoft that customers areof doing business with them because they are based in the u.s. because of that nsa and white house policy. >> we are seeing governments in europe are a little more reluctant to engage companies. we have to adapt our business to become president -- cognizant of that. it is important to stay engaged with the federal government to make sure the policies that are put in place a really collaborating with us so we can drive in agenda together that protects all of us much better. >> tell me that again. your potential customers in europe saying what? >> they are concerned about their data privacy. their issue of data sovereignty. whether that data leaves their country is very important to them. >> do they have other options? is their real competition in europe that could take that business away? >> more what they are asking from us is creating localized presence so we can keep the data in country. the more business you have in europe -- 50% of the business is overseas. we have to look at that.

now to the lead -- hewlett-packard ceo meg whitman says the company's turnaround remains untracked, but first order earnings tell a different story. overall revenue, down 5% and profit down 4% to $1.4 billion. dig deeper into the numbers and some think it looks even worse -- enterprise group revenue was flat service is down 11%, pc revenue is flat, printing revenue down 5%. you know what else is down? hp stock. is meg whitman right? is the turnaround on track or are things just spinning around? my guest joins me now from new york. missing analysts estimates -- that always says more about the analyst than the company but this company, 13 or 14 quarters less in revenues despite the acquisitions. >> it was a challenging quarter. you did have margin improvement, but across the board, revenue growth remains challenging to say the least across all the different segments. we see the same pattern this quarter as we did last quarter. the enterprise side of the business remained more challenged than the pc side of the business. the pc side of the business sees mixed trends, but the pc segment doi

the gut wrenching contraction at hewlett-packard finally over? hb is already out with news this morning. the company says it signed a 10 year multibillion-dollar deal with georgia bank to modernize its i.d. systems. multibillion, but how many -- with deutsche bank to modernize its i.t. systems. multibillion, but how many billions? they won't say. i know somewhere in the future there will be a slip of the company, but these quarters matter -- a split up of the company, but these quarters matter, yes? >> absolutely. it is a big driver of the company and the pc business is cyclical. it is a large business particularly as it relates to the cloud business. and they want to emphasize software, hardware, and services. the flight this matters a lot to hp -- stuff like this matters a lot to hp. cory: will we get a sense of how they will do as to businesses separately echoed or will they wait -- separately? or will they wait until the deal is done? >> i think we will get into the end of the year be went -- the end of the year when the deal becomes a realit

former hewlett-packard c.e.o. and potential g.o.p. candidate carley fiorina is taking shots at hillary clinton accusing her for running for office on her record of airline travel. >> like hillary clinton, i too have traveled hundreds of thousands of miles around the globe. but unlike hillary clinton, i know that flying is an activity not an accomplishment. >> she just launched a new superpac carley for america to support a possible run next year. >> five minutes till the top of the hour. swift justice the verdict coming down last night in the american sniper trial. what happens next for eddie ray routh. >> flying forward. the airline awarding passengers with free flights just for being nice.ou.. ♪ relief so smooth... ...it's fast. tums smoothies starts dissolving the instant it touches your tongue ...and neutralizes stomach acid at the source. ♪ tum, tum tum tum...♪ smoothies! only from tums. ah! come on! let's hide in the attic. no. in the basement. why can't we just get in the running car? are you crazy? let's hide behind the chains

even though women hold top jobs in companies like facebook, yahoo, and hewlett-packard, there are stillin high-tech, and engineering jobs. the women said they're often passed over. the major tech companies have more programs. >>> oil prices fell again, the nasdaq added 5, and has moved fire for nine consecutive trading sessions. the s & p was down a fraction. >>> super bowl l, the preparation is underway. and there's a call for 5,000 volunteers. >> up first, a former san francisco police sergeant defiantly speaks out after being sentenced on corruption charges. a former san francisco police sergeant emerged from court today, defiant that he was sentenced to prison on corruption charges. a judge sentenced ian furminger. he said he violates the public's trust. he was convicted of stealing money, and property from drug dealers. the investigation grew out of 2011 surveillance videos, showing plainclothes officers raiding single occupancy hotel rooms. >> the job is to protect my people. i was poppa bear, and i rocked. i made it happen. i made everything happen. we caught everybody. >> report

and rounding out the top 25, ebay, yahoo, apple, intel, and hewlett-packard. >>> google is expected toil a plan for a major expansion friday. the goal is to accommodate its growing work force. many people welcome the tax dollars and jobs. but other are worried where new workers will be living since housing is limited and expensive. the plans don't include housing. >>> a fight over plans for a park in the south bay. why the city says it needs to make this park something else. and what neighbors are doing tonight stop it. >> a local business finally gets a delivery they have been waiting for from the port of oakland for weeks. >> what caused this home to explode. ♪ ♪ ♪ >>> new at 5:00 p.m. santa clara's plan to build more soccer fields is drawing opposition from neighbors. neighbors say they don't want their park to change and a city meeting is underway with residents to discuss the proposal for the soccer fields. ktvu's rob roth is there. there is a good turn out. >> reporter: yes, there is. the future of the park, the meeting is just getting underway. you can see there is an over flow