ibm which is now run by a woman and several previous ibm cbo's have also been members. >> i'm sure that they have a lot of great leaders there and the question would be how come some of their wives haven't broke through? why haven't other people broke through? why 70 years later we're still trying to break this glass ceiling for women or for people of color? >> condoleezza rice was not available for comment but she did issue a statement saying " i have visited the augusta national on several occasions and i look forward to playing golf, renewing friendships, and forming new ones through this very special opportunity ". ended is a special opportunity, the club has been around since 1932 and they first admitted black members in 1990 and it has taken until now to admit female members to read >> we're wondering about the cost, known as talked about that. >> the cost could be substantial, we're seeing a lot more female ceos and they sponsored the masters, and if

ibm has been getting a higher multiple ever since.w years the stock has been a total home run. dell and hewlett-packard stayed with personal computers. hewlett-packard had the superior printing business. it had a consulting business but made its bread and butter in the corporate pc market and consumer pc market. they spread it through the enterprise. hpq went the other way from ibm, doubled down when it merged with compaq. dell was the cheapest and best. michael dell sampled them cheaper and became the dominant consumer brand and the chief rival of hewlett-packard and the enterprise. both dell and hewlett-packard tried to branch out to higher value products. hewlett-packard bought a consulting company to compete with ibm and accenture. they provided more value on big contract wins. well, hewlett-packard took a big write-down on its consulting business and dell isn't getting the big wins. neither was able to break away from the core hardware business. hewlett-packard made the decision to overpay for autonomy shelling out $10 billion fo

. >> here it is, the ibm personal computer. >> osgood: that was the day ibm introduced a new product called the ibm 50-50 pc, pc standing for personal computer. for years, ibm focused primarily on so-called mainframe computers. huge contraptions but barely could fit in a corporate office or research laboratory let alone on a desktop. the first generation of computers that were installed from 1955 to 1960 were originally designed to do scientific and engineering jobs. characteristically they had slow information input and output performance, but their computing power was the more marvell of the 1950s. >> osgood: other more modern mainframe computers followed but when upstart rivals started producing computers for personal use ibm countered with its own model, the personal computer, enlisted sales help from a charlie chan look alike, the ibm personal computer, not only can it help you plan ahead but balance your books and give you more time to make dope. ibm desktop and operating system quickly became the industry standard, and the term personal computer became a catchphrase. for a whi

she's the first ibm ceo who wasn't let in, even though her company sponsors the masters tournament. and the story blew up in april. >> because ibm had a female ceo, all the domestic minute knowns started to fall. that is how this happened. >> reporter: a sudden change that came slowly. steve osunsami, abc news atlanta. >>> and still ahead right here on "world news," toddlers playeding by in pageants. the pageants now in a courtroom on trial. is this abuse? could a mother lose custody? ♪ [ male announcer ] start with a simple idea. think. drink coffee. design something totally original. do it again. that's good. call in the engineers. call in the car guys. call in the nerds. build a prototype. mold it. shape it. love it. give it a starting price under 16 grand. take it to the track. tweak. tweak. tweak. stop. take it to the car shows. call the critics. call the marketing team. get a celebrity endorser. he's perfect. i am? [ male announcer ] yes, you are. making a groundbreaking car -- it's that easy. ♪ >>> we've all seen those child pagea pageants, the little girls dressed in high-he

. >> one of the main sponsors is ibm which is now run by a woman

. >> one of those that fits that characteristic someone su have spoken about before on nbr, ibm, big blue, 200 and change hre tonight. what makes you call this one a have. >> i think megacap tech in particular has really outshined in 20126789 ibm is a name i love. up 14% year-to-date, 46% year-over-year. management has increased its dividend by 13% in just this year alone. and being 200 billion in market company they're still focusing on growing, investing a significant amount of cash in their analytics business which is one of their largester growth spaces this could go to 225 which say nice 12.5% upside to where we are right know. >> what kind of time frame for that move from 200 to 225. >> i was looking 6 to 12 months. >> some would consider that short-term trading. in 6 months. >> in today's market when people are doing those quick swing trades. >> that's true, six months could be a lifetime. also high-end retail, michael kors has been a winner, the very few ipo in the past year since december, the share price has more than doubled, just a little over 2-- what is your outlook for

i thought it was very aggressive move by ibm. think overall -- i'm not trying to make any broad statements about the mna business. i like that deal. >> i am. >> i know. >> we are in a period right now where the -- we had so many ceos on this program that all tell us the same thing. they would love to put more money to work and love to do more hiring, uncertainty of, you know, pick your favorite bogey. fiscal cliff or europe. whatever it is, they are not willing to commit more dollars right now. that seems to be overhanging what she is suggesting should be a pretty positive element today. >> on the other hand, though, they were really pessimistic about the outlook they wouldn't be doing acquisitions at all. so it certainly reflects the confidence in the future and willingness to put money to work that i think says we are not on the verge of a -- some sort of precipice and going to fall off into oblivion. from that standpoint it is a good sign. >> we will take that. we will leave it on a good sign now. bruce, thanks for joining us

it was now run by a woman and several previous ibm ceos have all been members. >> i'm sure they have a lot of great leaders that agusta and the question would be why haven't other people broken through? why 70 years later we're still trying to break this glass ceiling for people of color or women? >> condoleeza rice was not available for comment but she did issue a statement saying she had visited the gust the national on several occasions and looks forward to making friends in this special opportunity. agusta national only has about 300 members and it has been around since 1932. >> erasing your digital life might be more difficult than you think. the two steps you should not overlook when you get rid of an old cell phone. >> it is a brand new work week but it is the same old forecast, the coast is not clear. all those clouds and the effect it will truly,,,, >> a home turned into a bus stop when a transit crushed, bus crashed into the front door. a father and his two sons in the house were not harmed and the cause of the accident remains under investigation >> apple made history toda

i know some about ibm research. i wish i knew more to answer that. think it's clear that bell labs did not survive because it gained its energy and sustenance by be attached to monopolies. i can answer that part of the question. it could not survive in its four without that attachment and without the relationship. with a phone company was broken apart in the early 1980's after that the revenue just declined dramatically, and that stream of problems, that ability to justify its investments in scientific research became more and more difficult as time went on. just a quick aside, one thing that is really interesting to one of the characters talk about , went to work for ibm research right after he retired from bell labs. he was going to europe sent it to the researchers at wright discomfiture reports for the ceo. in trying to deliver to have his conclusions about what ibm research should be continued and to the rising stars or. >> given that bell labs was generally good innovation, how did they miss the first major innovation in their primary field, th

i me, you could make the case similarly about ibm.ou could make it about nasa and the apollo missions, the manhattan project. i think from my point of view, at least right now, the really big problems are in energy. are we solving this transit problems? i'm not sure and we are. but i think that we need to it. >> a question about anti-semitism. are you the first to mention that there was anti-semitism at bell labs early on? you wrote that it ended in 1944 with kelly hiring the first use employees first. my recollection of the book there is no anti-semitism. i found bits and pieces and some interviews, sometimes off the record with people trying to piece this together. i can say fairly certainly that that anti-semitism and starter in the main parts of the company than at bell labs. especially at at&t. but starting in the war effort there is some evidence that the past over hiring richard feynman because of that. there is a memo i am very that the archives of really blatant cases of one of the labs preeminent engineers telling people he

the reason the stock is up is speculation of ibm may do. that fits in to ibm's business.is unclear. ibm apparently said or rim apparently said, excuse me, that they may not do anything regarding a sale until blackberry 10 comes out and sees how it goes. it's the piecemealing of the company, the partnering of this company which is where the value would be to anybody watching it. >> okay. we'll stay with the tech patch and talk about yahoo!. yesterday we were giving a progress report for how the first three weeks on the job for marisa mayer has been. there was the announcement that the new ceo marissa mayer may reconsider the cash it gets from the sale of half of its 40% stake in the chinese internet stake. they previously promised and here's the kicker, they promised to return most of that money from the billion dollar deal to shareholders. >> actually, that was before mayer came in. she's there and carte blanche of an investor to come in and do what needs to be done and looking at a company she may not want to piecemeal and take apart and do whatever. and come out and act

you know, they came up against ibm at the beginning, ibm started to get cocky and over-confident.d microsoft zipped in. and let's say they reenacted the developments of their nemesis, and have not been focused on bringing out new product. in fact, their philosophy as expressed by their ceo about ten years ago was, we wouldn't be first to cool, but we' be first to profit. meaning, they won't come in with a new cool technology. they will wait for somebody else to do that. and then they will buy their way into that market place. well, the problem is, is that if somebody else is coming in with the product first, like an ipod or an iphone, they lock up the market. they start making all the money, and when you come in with the zoon, that is not the cool product. so people don't buy it. >> right, and the other thing they missed the whole iphone trend, they are passing them in revenue and technology, continuing to change our l live with the mobility. so how did microsoft miss the boat on the product? are they in too many places? you know they have the connect, they have the video games, m

general motors was the biggest and top mesh -- american auto company. 1970s, main frame computer, ibm 1980s, general electric. 19 0s, microsoft and now apple. i think we're in a consumer age and apple makes really nifty consumer products. so they're number one. >> brown: well, ted schadler, speaking of those products, if i understand this right, part of the most rekren run-up in the stock price is expectations over some new product, right? new -- at least new versions of products? >> well, am is on like an annual release cycle like timed with the holiday season in this case, so we certainly expect to see new ipad, maybe different sizes. who knows and new iphone and what not. that's how they keep the hits coming and buy and rebhi and buy a new one and give the old one to the kids and buy a new one themselves and they have the hit machine going here right now and to the point made earl yeshg it's really their time. now, does that time last forever. well, i don't know, but the tech economy continues to be very important part of the overall economy here in the u.s. >> brown: well, profess

the four previous male heads of ibm had all been members of augusta.e issue forced current augusta chairman billy payne to face some uncomfortable questions. >> what do you think about sending a wonderful message to the young girls around the world that if they knew one day they could join this very famous golf club? >> great question. >> once again, that deals with the membership issue and i'm not going to answer it. >> reporter: in announcing that historic news, payne said "it will be a proud moment when we present condoleezza and darla their green jackets when the club opens this fall." the newest members, rice and moore, are close friends who share southern roots. in a statement released by the club, the 57-year-old rice said "i have visited augusta national on several occasions and look forward to playing golf, renewing friendships and forming new ones through this very special opportunity." as for the 58-year-old moore, in the 1980s, she became the highest paid woman in the banking industry and the first ever profiled on the cover of "fortune" ma

ibm, bring it up. alcoa. she put in the orders and told me to get back to the beach because she didn't want to hear more whining. the only screen she wanted me focused on was sunscreen. we used 8 back then. the market rallied some 1,000 points. call it a 50% move without real corrections. i had been fighting the wrong war, the crash. like people are fighting it now. no two markets are the same. we have concerns like whether germany would be good to its word on helping the countries in europe. the chinese, endless spiral. we were worried about the deutsche bank then and japan was doing the endless spiral. maybe different currencies, different countries. it's funny. maybe the reason i'm not as frightened as others about what i hear now is because of the heat i took this week 24 years ago when i b thought i was on intellectual high ground. i was in a castle made of sand. that was as if someone someone had taken a basket of hot french fries out of steaming oil and slapped me with it. something that happened to ka

you know, they came up against ibm at the beginning. ibm started getting cocky and overconfident.nd microsoft zipped in. and the same thing. they've reenacted the problems of their former nemesis. they haven't been focused on development. they haven't been focused on bringing out the new product. in fact, their philosophy as expressed by their ceo, steve bomber about a decade ago was we won't be first to cool, but we'll be first to profit. meaning, they won't come in with a new cool technology. they'll wait for somebody else to do that. and then they'll buy their way into that marketplace. well, the problem is that if somebody else is coming in with a product first like an ipod or an iphone, they lock up the market. they start making all the money. and when you come in with the zune, that's not the cool product. so people don't buy it. >> right. and you know, the other thing is, i mean, they've missed the whole tablet trend. and you know, you mentioned the iphone and the ipad. apple is soaring past them not just in stock price but also in revenue, in technology certainly, continui

but what may have changed mind was ibms, c.e.o., virginia rometti, the first ibm ceo who wasn't let inthe company sponsors the masters tournament and the story blew up in april. >> because ibm had a female ceo all the dominoes started to fall. that is what happened. >> reporter: a sudden change that came slowly. abc news, atlanta. >> interesting. and hootie johnson -- >> what year is it? >> the chairman applauded this said condi and darla moore -- moore is his good friend -- applauded them. a person with knowledge of club operations according to "the washington post" said rice and moore were first considered five years ago, as members, and rice loves sports, golf. >> a good move. decades too late by some. glad that we finally got there. >> there is still a lot of female-only golf clubs out there and male-only golf clubs out there, as well. >> welcome, condoleezza and darla. >>> still to come, "trouble for toddlers and tiaras." >> a pageant mom in custody court. you're watching "world news now." >> announcer: abc's "world news now" will continue after this from our abc stations. >>> wel

the purchase of ibm last year, not so good. >> mike?lot of these names have obviously performed very well so far this year. i think if i owned them, i'd probably be sellers. what are some of the names i'm talking about? wal-mart. it's heart to imagine seeing a lot of growth. i'd be a seller of wal-mart. proctor and gamble, kraft, same story. these are defensive stocks. that's why they've done well. i wouldn't want to continue to be in them. >> mike, thank you very much. meantime a stock that has jumped 200% in the past -- >> no. >> yes n the past decade. and an internet game that opened up a box of gains. how to move today ice big traders when we come back. at merrill lynch, we understand the importance of your goals. today, our financial advisors lead from a new position of strength. together with bank of america, they have access to more resources than ever before. a steadfast commitment to help you achieve your financial goals in life. that's the power of the right advisor. that's merrill lynch. to dabble with the idea of hybrid tech

in tech, ibm buying kenexa. the move aimed to boost ibm's because strategy solutions and iac says it's ask.com unit buying from "the new york times" for about $300 million in cash. >>> ahead this afternoon, twitter has a new fight on its hands. plus, the impact of apple's major courtroom victory over samsung in the patent trial of the century. it's already impacting apple's stock but that's likely to be just the beginning. before we head in to a break, five big movers this monday. we . one is for a clean, domestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. at merrill lynch, we understand the importance of your goals. today, our financial advisors lead from a new p

ibm and as well as research in motion.flat, but we'll wait and see if they move up more as it progresses. stuart: the big news apple, straight up. lots of fallout with other companies with patents or products already on the market. i think that's the story for the entire day, apple dragging the nasdaq up this morning, while the dow industrials are just up 8 points. what have you got. >> the etf, the power shares on the nasdaq, track the nasdaq 100, soaring tetoday because ape is a huge chunk and nokia is having a good day because of the apple ruling as well. stuart: got it. all right, back to you, lauren, shortly. and isaac making a beeline to new orleans and expecting to make landfall seven years to the day after katrina hit landfall, that would be new orleans. and look at the price of oil, very interesting, we've got the price of oil up a buck, about 20 minutes ago, and now, down a buck at $95 a barrel. now, please, just for a second, look at wholesale gasoline, that's still high, but how much, 6 cents higher. it was up

reports say ibm made an informal approach about the division, and investors are cheering the news. josh brown is forever linked to research in motion based on that stock draft pick. >> right. >> so the chatter's picked up this week. >> it's a big mistake if they try to sell one part of the company and not the whole thing. i think they would leave the rest of the company for dead. shareholders should really be vocal. thank god i'm not one of them in real life. you do not want to see them take the crown jewel of what's left here, sell it to ibm, because you have to, and then be stuck with the legacy assets. >> i'm wondering, wall street doesn't necessarily see it perhaps the same way you do. the stock is up, 5.5% or so. >> maybe this is a prelude to a favorite deal. i don't know that anyone riley knows thinking for sure. this is chatter on a bloomberg wire. so until something happens, i guess it's all speculation. but i think if you're long rim, you've got to be hoping for the full sale of the whole thing as opposed to piece by piece. >> you had a massive turnover in the shares today

. >> and ibm says it plans more acquisitions in storage industry. and there is terms not disclosed and the deal will allow ibm an all flash storage system. >> and a jury has started deliberations in the trial of doug whitman founder of whitman capitol. prosecutors say he used illegal tips from company molds to make trades on fwoogel. gsh -- google. and markets today, stocks rose after better than expected economic data. and your bloomberg silicon valley index higher on those shares. and all right. get this. it's no laughing matter but an ipad stolen from steve jobs house ended up in the hands of kenny the clown. he says he had no clue it belonged to jobs adding the friend gave to it him. the friend was arrested for robbery. he allegedly gave a second ipad to his daughter, both have been returned to the jobs family. >> at bloomberg studios in san francisco, i'm emily chang, larry, back to you. >> thank you have a great weekend. >> and shaping up to be a terrific weekend. a cool down in there. >> there is a cool down with clouds around and sunny skies

and ibm is buying connecta for $1.3 billion.he deal will give ibm access to social networking services companies use for recruiting. as for the market's stocks ended the day mixed and nasdaq rising as shares rallied after winning $1 billion in that patent case. your bloomberg silicon valley index closing higher. and adobe hoping pull the index up. >> aol says it will pay a special one time dividend and will buy back $600 million worth of stock on an accelerated program. aol hit it's highest value. the company sold patents to microsoft and collected more ad revenue n san francisco, i'm emily chang. and dan, carolyn, back to you. >> and we talked about tropical storm hurricane moving on the east coast of the -- . >> it's a very different story. >> perfect weerj and what we normally see as coastal clouds are off shore now. there are sunny skies in the coast and inland areas. it's nice and warmer in the area. looking towards the golden gate, you can see clouds are showing up you'll see are well off shore. and and it's sunny and mild

but what may have changed mind was ibms, c.e.o., virginia rometti, the first ibm ceo who wasn't let insors the masters tournament and the story blew up in april. >> because ibm had a female ceo dominoes started to fall. >> a sudden change that came slowly. >> what year is it? >> the chairman applauded this said, condoleezza, and darla moore, applauded them. a good friend. a person with knowledge of club operations according to "the washington post" said rice and moore were first kidded ficonsie years ago, as members, and rice loves sports, golf. >> a good move. decades too late by some. we finally got there. >> there is still a lot of female only golf clubs out there and male only golf clubs out there. >> welcome, condoleezza and darla. trouble for toddlers and tiaras. >> a pageant mom in custody court. you're watching "world news now." >>> well you may have seen the show toddlers and tiaras and features girls all dolled up for the beauty pageants. >> the show has come under fire accused of sixabexualizing chil and now a mom may have gone too far. linsey davis reports. >> reporter: mat

the odessa had traditionally offer memberships to the ceos of ibm, it did not extend one.re were in the headlines for declining to offer to women. the club had only admitted its first black member in 1990. today it is a different story. the famous winningest golf professional

oil you got technology in ibm. water in ocwaw. you have teleco utility. have starbucks, oil, tech, restaurant chain, water and teleco. that is perfect. that is absolutely perfect. some people say you only select people who know what they are doing. criticize me for something different. we try to be uniform. we try to get everybody involved that we can. let's go to anthony in new york. >> boo yeah from brooklyn. >> i was in brooklyn last night. back at you. >> i would like to know if i am diversified. my top five are dunkin brands, investors real estate trust, ups, jp morgan and caterpillar. >> let's go to work with this. the brooklyn nets almost sold out at the barclays center. jp morgan a bank. caterpillar a machinery company. dunkin brands. a food retailer and ups is transport. we have transport, machinery and retailer. bingo. brooklyn rocks. how about sam in michigan? >> boo yeah, jim. >> boo yeah, back. >> i have chesapeake energy, apple, covid ian, colgate and craft. >> we have had that company before. he is delivering and delivering. the rest of the

is buying kenexa. >> we know ibm has been diversifying aggressively into software.t the same time, kenexa is an i.r. services form that owns salary.com, i think. an interesting move there. >> i think it's $1.2 billion, 1.1 $1.3 billion. tiffany, best buy, some of the names we've covered this morning, google, the second worst performer on the s&p as people are trying to sort out the meaning of this verdict. >> it looks like android really in the cross hairs here as they do. >> let's get to bob pisani this morning for more on the floor and what's moving. busy night tonight as well. >> i'm excited about our diamond special. i'll tell you all about it in just a minute. kelly, hello, good to see you down here as always. i know you're looking at china. we have another new low today. again today, a multi-year low on china and no real news that's out there. one of the ministers came out and said that they would reach their gdp target of 7.5%. market didn't care, just drifted lower, down at 1.7%. again, the worst-performing stock market in the world, admittedly, a slow coupl