talk us through that dimitri i mean is this one of the center of focus is of the i.t. sector right now well i don't think there's thirty six you can really exist with all the start ups so you can certainly exist to maybe service in government and corporations but if you really want some growth you want some things we sure you see consumer oriented and certainly we're talking about startups is russia known as a market for that. well in the market for startups is a strange sort of phrase i would say that yes there are startups in russia we can count them in many hundreds maybe thousands of some war three i do startups but certainly the infrastructure and the ecosystem and of course especially the success stories are much fewer and much was developed in silicon valley or maybe some other places like new york city or along the. what are you how do you in the late your competitors or do you want to do something completely different so in this sense i would just to say that i am somehow not completely related to their t.v. business itself so i'm representative for instance of scien

sector. it's ran a lot, ran pretty hard but still looks good. i think it has more upside. things like materials, diversified chemicals in there. also technology. i.t. consulting and services. that particular industry group. so i think there's a lot of choices out there, tyler, that are sensitive to the economy, not only here in the states, but internationally. they're not over valued and, you know, certainly the fed having the markets back or at least that's what i would term it, doesn't hurt either. >> but you know, scott, here we've got the sequester today. we have a lot of worries about what's going to happen in the job market and the market is rallying and what's driving this rally? >> well, really, if you look at the sequester amount, 1.2 trillion over ten years shall the cbo says, you know, already legislated we'll spend about $45 trillion over the next ten years so 1.2 in my opinion is a really small amount. i think the market knows that. i think while it is going to create some head winds, maybe you see a couple tenths percent gdp or something like that, that is a head wind but it's not going to stop the economy. i think we'll see about 2.

i.t. test you can see on the internet and some invisible ink andugh cyber infiltration attacks. we need cooperation. both are equally devastating. both in the private and public sectors. the private-sector as concerns about liability. at the same time, the private sector does provide information to government when it comes to the death of their products overtly. so why not provide the same cooperation with their intellectual property is being stolen covertly? i think we are pretty close. i served on the intelligence committee and are some remaining issues about to his responsibility is to remove personally identifiable information. i don't think that's an onerous burden. i think most of the large players, particularly in the telecommunications area, they are doing this already. they are sophisticated and have the ability to do it. we need to attack the public and private face of it. >> if you could urge your to betuents that -- concerned about -- >> it's not always the same industries. is nots overlap, but it always the same players who are the victims of as much cyber theft as the victims of the overt ip theft. going to miss the vote. i don't want to have you hang a

i.t. application and industrialization more quickly to next-generation information and communication infrastructure and better use of information technology. we should develop and expand the service sector and attach equal importance to producer and consumer service industries and to modern and traditional service industries. in response to the above expectation of having a good living environment, we should greatly strengthened ecological improvement and environmental protection. the state of the ecological environment affects people's well-being and also posterity and future of our nation should adhere to the basic state policy of a conserving resources and protect team environment and to promote circular and low carbon development. the degree of energy resources give priority to spending energy and industry and construction on public institutions. we should restrict total energy consumption and reduce consumption as well as carbon dioxide emissions. we should speed up adjusting the economic structure and distribution imap grading related standards, practices and laws and regulations. we should have thought a measure to prevent and control pollution and change the way we work and live

i.t., and essentially 60% is wasted, because we do not contract appropriately. president bush issued hps-d7 pertaining to critical information and cybersecurity, including information sharing with the cyber sector. this was 2003, 10 years ago. it assigns dhs similar tasks to those the agency was given in 2003. what is different? >> a couple of differences is that hspd7 primarily focused on counterterrorism, whereas this particular executive order is looking at a more broad-based threat vector, if you will, including resiliency, and the like. the other difference is that niv has responsibility for creating the cybersecurity framework. >> actually, they are responsible for creating voluntary standards that are going to be maybe not so voluntary after they are created. >> that are labeled voluntary for a cybersecurity framework. i believe it is up to dhs and sector-specific agencies to develop a program to help encourage adoption of that framework. >> i am over my time, mr. chairman. i would like for you to make a recommendation to senator carper and i on what you would see as the best oversight function we could have, in looking how the presidential executive and the executive order is carried ou

i.t. spending environment. that's weighing on all tech names. ibm is down 1.25%. that's a huge weight on s&p 500 at this hour. a lots of them we are watching in the tech sector.wn 2.5%. crm down 1%. it is taking everything down at this point. >> oracle was bad. can't mince words about it. >> was oracle being bad a sign of what's bad in overall tech spending or was oracle bad more of a sign of what's bad at oracle? or both? >> it is a big government provider. dell is, too. that's hurt dell. this was sloppy execution. deliver, deliver, deliver. are they losing share in the cloud? clearly. they won too many nine-figure deals. at the same time the market says i want to buy that weakness. why is lululemon up? they want to buy that weak fles. looking for caterpillar to bottom today. onshore drillers, one of the weakest markets, he should buy those. things come down, people just want to buy them. >> do you agree with this 1% move on lululemon today? >> that it is up? no. i don't like lululemon. talk about bad execution. they've just been terrible. >> the ceo making some comments, disappointing time for all of us. still have to see where problem is. >> see where the

i.t., and essentially 60% is wasted, because we do not contract appropriately. president bush issued hps-d7, pertaining to critical information and cybersecurity, including information sharing with the cyber sector 2310 years ago. it -- this was 2003, 10 years ago. it assigns dhs similar tasks to those the agency was given in 2003. what is different? >> a couple of differences is that hspd7 primarily focused on counterterrorism, whereas this particular executive order is looking at a more broad-based threat vector, if you will, including resiliency, and the light. -- the like. the other difference is that niv has responsibility for creating the cybersecurity framework. hikes actually, they are responsible for creating voluntary standards that are going to be maybe not so voluntary after they are created. >> that are labeled voluntary for a cybersecurity framework. i believe it is up to dhs and sector-specific agencies to develop a program to help encourage adoption of that framework. >> i am over my time, mr. chairman. i would like for you to make a recommendation to senator carper and i on what you would see as the best oversight function we could have, in looking how the presidential executive