for "nightly business report," i'm john fortt. >>> finally tonight, with all the focus on technology these days, one of our core building blocks seems to be getting neglected. we're talking about spelling. but several hundred students from across the nation are proving all is not lost. jane wells explains. >> longlove. >> reporter: yeah, i don't know it either, but nearly 300 of america's best and brightest are giving it a shot this week in the 86th annual scripps national spelling bee. >> ex >> can i please have the definition? >> reporter: does spelling matter anymore? in an age of spell check, who cares? >> today's spelling matters especially because it's the first impression you're often making on people. you know, whereas 30 years ago, we might pick up the phone and call someone for business. now we're much more likely to send an e-mail or even a text message. >> reporter: fogarty, aka grammar girl, warns to be careful relying on software to fix your mistakes. many of these spelling bee words weren't even recognized by autocorrect. >> menufar? >> menufar? >> also maneuver. >> re

for "nightly business report" i'm john fortt. >> we certainly need to see more of these kinds of programs. every ceo you talk to says we need more engineers and more people studying math. who wants to go back to school for all of that? if you can take a course like this and have the money to pay for it. >> there is an investment that hopefully will pay off. i am going to tell my 7 year old study your math. don't just play on the ipad. >>> how many mobile phones did you own? more than one? a new report from the united nations suggests that mobile phones will soon outnumber the world's population. the un predicts that mobile phone subscriptions will surpass 7 billion and the agency says more than 60% still has no access to the internet. >> are you a one phone woman? >> i am a two phone guy. i am surprised by that number. 7 billion phones. that is stunning. the un says it so i guess it is true. >>> tomorrow we will hear from the national federation of independent business. we will have a report on the rising number of auto loan delinquencies and data on import prices for april. that and more

jon fortt, take it away. >> thanks, bill. john being here on the day of the acquisition of joe ll jolie. the i want to ask you about growth. you're projecting that data traffic will quadruple over five years. tell me, how are you going to be able at cisco to capitalize on those trends, better than you did with mobile? because you've had some success with mobile, but apple, samsung, google have really made the money. are you going to be able to really even accelerate growth, now that you know that these trends are going to take place. >> so going nor reverse order, jon, mobile was probably our achilles heel 3 1/2 years ago. it's now our strength. we're the number one player in almost every aspect of the mobile market, whether it's service provider or wi-fi capability. and actually this last quarter was at 73% for us and it's got great margins. but to your point, we want to do things that enable where the new growth is going to occur. and whether it's apple or google or other players, the more loads on networks, the more storage req