was that -- were you competing with a lot of other people, and did ibm -- why did ibm not say we want to own the software that you produce for us? why do you think they didn't want to own that software? >> yeah, they, they weren't serious about personal computing. ibm became a company with many locations, laboratories, and one of those was boca raton. and boca raton did a product that was a complete bomb, a complete wipeout. they had all those engineers sitting there. so some genius up in headquarters decided, hey, we take four years between when we conceive of a product and when we get it done. we should try to get that down to a shorter time period. so let's just take some random product and see if we could get it done quickly. and boca, so there was a kind of rfp at headquarters for labs to bid to show they could use new technology. so boca said they would use outside vendors, they would use intel for the chip, us for the software, and they'd get a product done in two two years. and it wasn't that important what the product was. the forecast was to sell 200,000 of them. it was not

ibm came to us four years ago with this idea., this is the same company that came up with deep blue, that computer that they taught to play chess. and they put it against a world champion and the computer beat the champion. so, ibm is worried, i've seen some of their executives in conversation, and they're scared, they say, what if the computer doesn't beat ken and brad, what are we going to do? >> jimmy: ken jennings. >> who is the most successful player in terms of games one. and brad, the most successful in terms of money won. he won $3.25 million. so, these two guys are going up against watson, the computer. >> jimmy: it sounds like the beginning to a "terminator" movie. [ laughter ] >> well, the computer just keeps going and going and going. and you can't throw it off. so, it comes down to luck. whoever finds the daily doubles. now, keep in mind, at this level of competition, the guys are just as intelligent as watson, so, they're going to bet a lot if they get the daily doubles. if it's a short clue, that favors the guys, b

why did ibm say we want to -- why do you think ibm didn't want to own the software? >> they were not serious about personal computing. ibm had many, many locations and laboratories, and one was bocca raton. they did a project that was a complete bomb. some genius up at head quarters decided, hey, we take four years between when we conceive a product and when it's done. we should try to get that down to a shorter time period, so let's just take some random product and see if we can get it done quickly, and bocca -- there was a kind of rp at headquarters that took labs to bid to show a new methodology. they did this bid where they said they would use outside venders, intell for the chip, us for the software and get a product under two years. it wasn't that important what the product was, but the forecast was to sell 200,000 of them. it was not a major project. it was just this thing that they were doing, and they thought of it as a toy computer. it had an optional disk, but not a hard disk or anything. well, this group at bocca raton was a great group. we made this thi

what was it like to get ibm to select you? were you competing with a lot of other people, and why did they not say they want to own the software that you produce for us? why do you think they did not want to own that software? >> they were not curious about personal computing. ibm became a company with many engineering locations and laboratories. one of those laboratories was raton.hanboca some genius up at headquarters decided, we take four years from when we conceive of a probleprot and when we get it done. we should get that down to a shorter time period. let's see if we can get it done quickly. they took bids for new methodology. boca get a bid where they said they would use outside vendors and get a product done in two years. the forecast was to sell 200,000 of them. their bid was accepted. it was not a major project, it was just a thing never doing. -- it was just a think they were doing. the group at boca raton was a fantastic group. what happened is, this was in november 1981, and it sold like mad. he quickly sold over

the camp was started by ibm in 1999. and today, the program hosts locations all over the world.n kids news visited one of their base sites to check it out. >> so, what i want you to do -- you have your what state in here? >> liquid. >> what state is in here? >> solid. >> i am lucky enough that once a year i come down and uh -- from my poughkeepsie site and i teach the 8th grade girls a class called states of matter and we learn a bit about solids, liquids, and gas. it's a unique opportunity for them to get to see science in a different way. it reminds me of why i got involved in science in the first place. >> it's a unique opportunity for them to get to see science in a different way. it reminds me of why i got involved in science in the first place. >> i think it's pretty cool cuz we get to do different experiments and i think its a better way of expanding the way you think of science. >> if you look at the data worldwide you'll see that there are lots of girls that are very good at math and science in elementary school, middle school maybe into high school but in college and g

you know, ibm makes a 33% net margin in software, by far its most profitable business. and it wants to acquire medium sized technology companies, particularly in the software yar. so i would go look at those, as real good acquisition candidates. >> you're bearish on small caps, rwm is essentially looking for the small caps to move lower. how low? >> i think this is simply just a play on relative valuation, and the normallized rate of return between large companies and small companies. and you certainly have begun to see that play itself out over the course of this pullback. people are going to find themselves in defensive names in larger multinational names so we think u.s. small companies settle back here. >> tom: we will leave it there. guys, we appreciate the two sides of the market. a buyer and seller, peter cohen of capital rising, lincoln ellis with strategic financial group. >> susie: here are the stories in tonight's "n.b.r. newswheel." weekly jobless claims jumped by a more-than-expected 26,000 last week. but they were still below 400,000 for the third week run

if you are ibm, what's not readily achievable to ibm to do? build a ramp into an office building. >> but the question is what triggers -- no construction triggers it. >> there is nothing that really triggers readily achievable other than it's required under ada >> the day i go to the hardware store and i see this new piece of hardware and i realize that the old doorknob i have isn't as good as it could be, i need to -- i should go make that purchase, make the change then? . >> as a small business, even as a large business, you should survey your business, find out where the access deficiencies lay, how many round doorknobs do you have, how many round faucet handles do you have, what would it cost to replace them? can you afford to replace them? how long would it take to save up the money if you can't afford it right now. come up with a plan on how you are going to make your business accessible. >> but it is the business owner's responsibility, not triggered by work, not triggered by time, date, anything else, to be on top of it. >> that just s

where i am act, and i am hoping that you guys will support his legislation -- so that is kind of where ibm-- where i am at. supervisor mar: is there anyone else from the public who would like to speak? please come forward. >> good afternoon, supervisors. my name is demetrius. i am president of a musical and cultural association. we air -- are a nonprofit organization of artists, and generally dedicated to preserving arts, culture, in music -- and music here in san francisco. we would like to fully support supervisor farrell's legislation. we think this is great not only for the upper fillmore area but for san francisco. for san francisco to maintain its status, its colÓn mill in world -- its culinary world, it is great to encourage these kinds of businesses, particularly as we prepare for the america's cup coming to san francisco in a few years and all of the hospitality and tourism boom that that will include. also, i would like to speak as an entrepreneur. my friends and i own some bars and restaurants, and we would like to have the opportunity to explore this in the upper fillmore area.

an ibm computer system named watson won jeopardy. but the real winner? human kind.e is really about questions and answers. this technology can help us get some of those answers. we're going to revolutionize many, many fields with this new capability: healthcare, government, finance, anywhere decision- making depends on deeper understanding of the huge wealth of information that's out there. i thought the game was the end... i'm realizing it's just the beginning. that's what i'm working on. i'm an ibmer. people have all kinds of retirement questions. no problem. td ameritrade has all kinds of answers. call us. for quick help opening your new ira. or an in-depth talk with a retirement expert. like me. stop by my branch for a free retirement check-up. retirement hows and how-muches? whens... and what-ifs? bring 'em on. it's free. you're gonna retire. and we're gonna help. retirement answers at td ameritrade. where millions of people trust their retirement investments. host: could switching to geico 15% or more on car insurance? host: do dogs chase cats? ♪ 70's era musi

. $200,000 in prescribes ended up costing ibm $10 million. that's how much the company has agreed to pay to settle a lawsuit brought by the security and exchange commission. the fec says managers paid for illegal trips and other gifts to south korean and government officials. ibm stock finished up about one percent. >>> coffee drinkers can expect to pay more for starbucks packaged coffee. the company said today that the rising cost of coffee beans in the commodities market is forcing them to mark-up their bagged coffee sold in super markets by 12%. it also applies to seattle's best brand. coffee futures are at a 14-year high. >>> in news of the world ton in yemen roof-top snipers opened fire on anti-government protestors in a dramatic escalation of violence. at least 46 people were killed. many of them were shot in the head or neck. several were children. medical workers said hundreds were wounded. the protestors have been demanding the end of the president's 32 years in power. and he is refusing to step down. >>> in haiti, former president a

. $200,000 in prescribes ended up costing ibm $10 million. that's how much the company has agreed to pay to settle a lawsuit brought by the security and exchange commission. the fec says managers paid for illegal trips and other gifts to south korean and government officials. ibm stock finished up about one percent. >>> coffee drinkers can expect to pay more for starbucks packaged coffee. the company said today that the rising cost of coffee beans in the commodities market is forcing them to mark-up their bagged coffee sold in super markets by 12%. it also applies to seattle's best brand. coffee futures are at a 14-year high. >>> in news of the world ton in yemen roof-top snipers opened fire on anti-government protestors in a dramatic escalation of violence. at least 46 people were killed. many of them were shot in the head or neck. several were children. medical workers said hundreds were wounded. the protestors have been demanding the end of the president's 32 years in power. and he is refusing to step down. >>> in haiti, former president a

big losses for ibm and apple. and the s&p 500 down 25. tough to find any stocks that did well today, but we have one here in the baya. peet's coffee apparently getting attention from starbucks. starbucks has been making moves lately to fine its coffee in shopping centers and peet's, which has a presence there, would be a chance for starbucks to get in there. about a 2% pop on a day where everything else was lower. netflix today answering the question, what will it do next? announcing plans to try and buy the rights to original tv programming. this has been tried in the past by cable networks. netflix is being charged by providers who want more of the cash netflix is making if it creates or buys, netflix could avoid having to deal with the studios and you would get to keep a little more money. >>> topping health news, a bay area woman is getting her life back there's to a breakthrough in parken son's research. a new treatment can decrease the shaking most patients deal with. she says the procedure is giving her back the things she loves in

secret information came from executives at a list of firms including intel and ibm. >> are you going to testify in your defense? >> he was ready to clear his name. he is acudesed of making money trading on private information about companies, charges that he denied. >> they asked perspective juror fist they read, seen or heard anything about this case. he was well known in financial circles but little known outside. >> it is a major insider trading case that will set the bar for the private sector and the government of what is legal and illegal. >> new york securities lawyer believes the odds are against him. >> the head guy, raj, could go to jail for decades if he is convicted. everybody underneath him that turns states evidence and will testify against him. he has a very difficult case. >> and the government has another big name on their witness list, the chief executive of goldman sachs. his testimony will establish the responsibilities of a former director acudesed of passing on tips. a former wall street analyst expressed surprise to see so many members of wall street's elite ca

ibm a property manager for the san francisco -- i am a property manager for the san francisco social work department. thank you, supervisor. i think it is unprecedented we have an opportunity to address the supervisors'chamber. -- supervisors' chambers. mixed in with the budget deficit, it is our endeavor to remain a viable, working school of social work for the city and county of san francisco as well. we want you to be supportive of our efforts, and thank you very much. [applause] supervisor chiu: colleagues, at this time, if we can go to our 4:00 p.m. special order. madam clerk, if he would read items 47 through 50. >> item 47 is a hearing of persons interested in the planning department decision dated april 8, 2010. it is exempt from environmental review. item 48 is a motion of forming the planning department determination that the project at ord street is exempt from environmental review. and item 49 is a motion reversing the determination by the planning department that the project is exempt from environmental review. supervisor chiu: for this hearing, we will consider the adeq

. >> announcer: "nightline" an ibm computer system named watson won jeopardy. but the real winner? human kind. life is really about questions and answers. this technology can help us get some of those answers. we're going to revolutionize many, many fields with this new capability: healthcare, government, finance, anywhere decision- making depends on deeper understanding of the huge wealth of information that's out there. i thought the game was the end... i'm realizing it's just the beginning. that's what i'm working on. i'm an ibmer. ♪ [ male announcer ] they can be sons who stepped from the shadows... or daughters who claimed the spotlight. born of a deep-rooted family tree, but not content to merely live under it. we all have a bloodline. but it takes a bold spirit to say, "it's my turn"... ♪ ..."my destiny"... then go out and prove it. they did, and so did we. the new 2011 jeep compass. a newly freed spirit. genetically engineered with jeep 4x4 capability and iconic beauty but with a size, shape, and red-blooded attitude all its own. we followed in the tire tracks of greatness.

. >>> what is so what does it take to beat ibm's supercomputer?ormer rocket scientist who happens to be a u.s. house member, rush holt of new jersey and watson competed in a fake round of jeopardy and holt came out on top. the contest pitted holt against other house members and was intended to emphasize the need for more math and science education. he was a five time winner on jeopardy 35 years ago, but he's still got it. >> thanks for joining us. nightly is next.

where i am act, and i am hoping that you guys will support his legislation -- so that is kind of where ibm-- where i am at. supervisor mar: is there anyone else from the public who would like to speak? please come forward. >> good afternoon, supervisors. my name is demetrius. i am president of a musical and cultural association. we air -- are a nonprofit organization of artists, and generally dedicated to preserving arts, culture, in music -- and music here in san francisco. we would like to fully support supervisor farrell's legislation. we think this is great not only for the upper fillmore area but for san francisco. for san francisco to maintain its status, its colÓn mill in world -- its culinary

an ibm computer system named watson won jeopardy. but the real winner? human kind. life is really about questions and answers. this technology can help us get some of those answers. we're going to revolutionize many, many fields with this new capability: healthcare, government, finance, anywhere decision- making depends on deeper understanding of the huge wealth of information that's out there. i thought the game was the end... i'm realizing it's just the beginning. that's what i'm working on. i'm an ibmer. you know what this is, cartwright? yes. nicorette mini. you carry them around everywhere. yes, i do carry them everywhere. because cravings are everywhere. no matter where crime takes me, nicorette mini's there, ready to take a craving for me like a real partner. ♪ would you take a craving for me, cartwright? what? how would i take a -- exactly. isn't it weird to eat your partner? don't over think the metaphor, cartwright. [ male announcer ] nicorette mini goes wherever you go, to help make quitting suck less. >> announcer: "nightline" continues from new york cit

an ibm computer system named watson won jeopardy. but the real winner? human kind. life is really about questions and answers. this technology can help us get some of those answers. we're going to revolutionize many, many fields with this new capability: healthcare, government, finance, anywhere decision- making depends on deeper understanding of the huge wealth of information that's out there. i thought the game was the end... i'm realizing it's just the beginning. that's what i'm working on. i'm an ibmer. [ male announcer ] you're at the age where you don't get thrown by curve balls. ♪ this is the age of knowing how to get things done. ♪ so why would you let something like erectile dysfunction get in your way? isn't it time you talked to your doctor about viagra? 20 million men already have. ♪ with every age comes responsibility. ask your doctor if your heart is healthy enough for sex. do not take viagra if you take nitrates for chest pain, as it may cause an unsafe drop in blood pressure. side effects may include headache, flushing, upset stomach, and abnormal vi

it turns out to be a big day for ibm. big blue stock hit an all-time high thanks to an analyst upgrade. retailer bon ton jumped 10% after reporting a sales bump in stores open for at least a year. american eagle outfitters added fourth quarter cc1: earnings estimates. texas instruments took a 3% hit after a weak quarterly outlook after the bell tuesday.cc1: wall green shares got a boost of1: itsouncing the salecc pharmacy benefit management business for $525 million. meanwhile, the price of a drug to prevent preterm labor for igh-risk pregnancies is aboutc: to sky rocket now that company it has won exclusive selling rights. a weekly injection of makena currently costs between $10 and $20. next week shoots up to $1500 per dose. >>> and finally, could the dollar bill be on the way out? like most everything else these days, the price of printing a greenback is going up. as a result, one government proposal suggests doing away with the pricey cotton-linen blend replacing them with coins which won't need to be replaced as ofte

i can play with him -- i can pay $15 to death at an event info for ibm. i will stay at a hotel in san francisco. please do not take these events away from me or other supporters room. these events are a huge part of who i am. thank you. >> good evening. my name is chloe donnelly. i am a san francisco raver. it saddens me that we are criminalizing a community founded on love and a mutual perception of people music that creates duty between people. this does not understand the culture is about. i will keep it short, but the community is about a home. it is about being part of something. it touches my heart to see how many familiar faces came out to support tonight. if the strike to take these events away, as a community that spends our stance in our hearts out, we are not want to take it sitting down. -- that spends hours dancing our hearts out, we are not going to take it sitting down. >> i am a student and an aspiring filmmaker. i attend electronic events. i am a first-generation native. my dad came from the dominican republic. my mom came from panama. th

and 25 others swapped confidential corporate secrets on many well known companies, including google, ibm, ebay, intel, and goldman sachs. >> susie: our cameras were rolling when rajaratnam pulled up to the courthouse early this morning. from the moment he arrived, raj rajaratnam was in the spotlight. >> are you going to testify in your defense? >> susie: federal prosecutors allege rajaratnam used inside information to trade 35 stocks. the feds plan to use 173 wiretapped conversations and testimony from confidential informants against rajaratnam. on the list of the government's potential witnesses is lloyd blankfein, the c.e.o. of goldman sachs. rajaratnam's net worth is estimated at $1.5 billion, and he has spent an estimated $20 million on his defense, so far. his lawyers are expected to argue rajaratnam was simply doing thorough research in his role as a hedge fund manager. the trial is likely to last six to eight weeks. it is the government's highest profile attempt to crackdown on illegal trading on wall street. here's how u.s. attorney preet bharara put it when charges were announce

ibm a property manager for the san francisco -- i am a property manager for the san francisco social work department. thank you, supervisor. i think it is unprecedented we have an opportunity to address the supervisors'chamber. -- supervisors' chambers. mixed in with the budget deficit, it is our endeavor to remain a viable, working school of social work for the city and county of san francisco as well. we want you to be supportive of our efforts, and thank you very much. [applause]

having a station, everything ibm doing, i am being reinforced, and i am fighting beautiful, beautiful people -- everything i am doing. every winter, i have been depressed. this winter, i was not depressed. i had a friend who told me he was actually thinking of committing suicide not more than one month before he found out about this weekly event. we all get together now. he is still with me. i am with him. we are very happy. these are changing lives. these are changing lives. president newlin: thank you. i would like to ask you all to line up. [reading names] thank you. >> they he for allowing me to speak. my name is augie. i am a dj and a seven-year resident of san francisco, a long-time visitor to the city. part of the reason of coming to the city is to come to ray's so i definitely have a history here. i definitely do not want to see it go away. i witnessed firsthand what effect these events have on the youth. in santa barbara, where i threw these events, i sought a youth that did not have anything else to do greatly affected -- i saw a youth. positively contributing " to our commu

an ibm computer system named watson won jeopardy. but the real winner? human kind. life is really about questions and answers. this technology can help us get some of those answers. we're going to revolutionize many, many fields with this new capability: healthcare government, finance, anywhere decision- making depends on deeper understanding of the huge wealth of information that's out there. i thought the game was the end... i'm realizing it's just the beginning. that's what i'm working on. i'm an ibmer. n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n

. >> tom: you like big blue, ibm here just off its all time highs it's moved away from the hardware focus from a generation ago looking international in software and services, is that the growth expectation. if emerging markets begin to get uncertain does that hurt big blue. >> maybe a little bit but i still think again when you look at their business, i like it a lot. i think they're going to see revenue growth that's better than people expect. the stock has pulled off the high a little bit during the downturn but it's a little better value. you get a bit of a dividend with the stock. all and all again technology, we like the group and i think it's one of the large tasks that's going to do extremely well over the 1 months. >> tom: let's review the picks from september 3rd. you were looking for dividend players. intel has worked out nicely not including the dividend it has moved higher. -- labs is over and communication rodgers communication is unchanged. you still like this trio? >> we still like the trio especially for dividend investors. the dividend story hasn't quite come around as q

. >> ibm -- i am a d. 6 residents. i am concerned. many of you probably remember. that area was not a blighted area and never was a blighted area. up until two years ago, every january, for two weeks, you would see limousines lined up there, towncar is lined up there, taxicabs lined up there -- towncars lined up there. where was the mayor's office as it was going downhill? as business was going to las vegas? down to los angeles? i did not hear anything about it until just about one month ago. we have also not heard necessarily directly from twitter. that they will not do this unless they get the tax exemption. i would like to hear that, but i do know that when you are talking about mid market, and you are talking about the blight on mid market, the reason you seaboard and-up businesses there is that they were once a vibrantly filled -- the reason you see boarded-up businesses is that they were once a vibrant, but they were forced to move out. finally, i really resent the fact that the mayor's office has been reaching out to regional blogs for support in the sense t

>>darya: the ibm prime minister is declaring a cease-fire. it comes a day after it the u.n. declares a no-fly zone. they are not yet aware of what their role be. france also said they are making plans to deploy its plants. >>mark: the 100th annual pay to breakers race is sold out. is the first time in history that they had sold it. they have done so with two full months still remaining as the race is not until may 15th. next year the 101 run. remember, we are ignored. prepare station. >>james: breaking in that region to region. we are seeing showers towards now the and further north and east as well. we are looking for petaluma and sonoma kidding at break. and that peace may we are seeing brain. 68 is dealing with it as well. we have showers to the east. it is out in the berkeley read a long to beat freeway. but like train is moving into the hills. it will be a hit or miss. here is what it looks like in the south. rain is accident san jose.is in the san jose. it is moving south towards the bay area later this morning. l in the pacific the cuts are tracking. the whole system