jon fortt dials up the story from san jose. hi, jon. >> hey, maria. at&t is putting subscribers to its unlimited data plans on notice if you use more than 3 gigabytes per month we're going to slow down your data speeds. this really affects heavy video streamers, the top 5% of data user. but i found that might not be the case. how? i looked at a year's worth of my own bills. i might be called a power user, but i don't watch much streaming video. so a good portion of the day i'm not moving data on at&t's networks. still, i do lots of e-mail shopping and searching. so am i a data hog? no, your typical month i use about a gig of data or less, well below the 3 gig minute. see the spikes in june, october, and january? those are months where i spent a week or more at a time on the road away from my usual wifi networks. my data use is more than twice the normal level. it won't take much for folks who aren't junkies to bump up against this threshold if they're power users and frequent travelers, as many of our viewers are. verizon is doing this too, with peopl

jon fortt is with me with more.that the ipad's battery says it's 100%, it might actually be charged. >> this isn't a huge issue but it's an important one to focus on. basically an expert in displays today said, hey, look, when the ipad says it's 100% charged, the battery is not actually 100% charged. technically he's correct. here's an example. if somebody handed you this you would say it's a full glass of juice. but, in fact, it's not full. there's an inch left. this is full but it's kine of dangerously full. i'm about to spill it. apple is saying when it reads 100% the battery indicator reads 100%. it's actually full enough to give you the kind of performance that they promise in their marketing. that's ten hours of all-day battery life. they say if you charge it more than that, you could harm the longevity of the battery. so they say this isn't just an issue with the new ipad. it was an issue with the previous one as well but this battery is 70% bigger so you're more likely to notice it, maria. >> how big a deem

as soon as our jon fortt is available, we'll get to him live.re seeing movement in the tech stocks. let's get to seema mody with the latest on that. >> it's not only about apple. let's take a look at a couple of the other big movers here. starting with ciena. the network gear maker saw margins improve and operating expenses shrink for the first quarter. that stock outperforming today. retail, we had credit suisse upgrating lululemon saying they're increasingly confident the company can sustain double-digit sales growth, raise margins and drive earnings even higher. i spoke to the analyst. interesting conversation. he says this isn't just an athletic brand, it's turning into a casual wear company. interesting perspective there. on the flip side we have to take a look at pandora. the stock falling today losing more than 1/5 of its market value as hedge fund investors sell out of the name. the street was expecting the company to beat estimates. so people piled into earnings before overlooking some of the basic issues. the stock down 24%. >> seema,

and our jon fortt is one of the lucky few to get his hands on one before they hit the stores. hard to overstate, jon, how important this device is for apple and not just because it's the latest of the launch -- the first launch post-steve jobs. >> that's right, tyler. let me try to put that in context. apple sold 15.4 million units of the ipad last quarter. that's the older ipad for $9.2 billion in sales overall. it made up almost 20% of apple's overall revenue for the holiday quarter. and that revenue grew 111% year-over-year. question is how much can apple keep up that momentum now that the numbers are getting pretty large? the key to seeing whether they can do that is going to be this right here. this is the new ipad. apple decided not to call it the ipad 3. that's a picture of my mom and youngest son. i put it through paces over the past week as i've been playing with it. some people say this isn't a revolutionary device, after some experience playing with this a bit and i've got some experience doing reviews in my life as a newspaper reporter, got to disagree with that. th

our tech correspondent, jon fortt, joins us with a preview. jon. >> tyler, likely to be another tough quarter for rimm. this is the new ceo's debut quarter on the call explaining the quarter. lots of questions out there about whether he might sandbag as we know new ceos like to dip the bar nice and low when they come in. we don't know. the bar's already pretty low. analysts expecting around $4.5 billion in revenue, $4.6 give or take in 81 or 28 cents in eps. now, there are some headwinds rimm is facing here. weak blackberry 7 charter equity says they've been seeing and the touch pad, the tablet, which hadn't been doing that well now has to contend with an ipad 2 that costs $100 less than it did before as well as the new ipad which has new features. also blackberry's selling prices have been dropping. and the new operating system isn't coming until the end of the year. so all of that makes it tough. we'll be watching for guidance and margins, of course. >> let's switch to a big research in motion competitor, and that would be apple. we talked --

jon fortt dialing into the story from silicon valley. jon, you're no data hog, are you? >> well, not exactly. but sometimes it's easy to go up to the data buffet. here's what you need to know. at&t's made its data limits very clear now. but the limits themselves have been there for months. and they're pretty much the same as verizon. so if you're grandfathered into the unlimited data plan like i am, at&t will slow you down after you hit 3 gigabytes of data. at&t says only about one in 20 subscribers use that much. if you're an lte subscribers on the 4 g network, you get 5 gigabytes before they slow you down. what ends up in the top 5%? video streamer. youtube and netflix users. streaming audio isn't going to get you into that 3 gig limit. let's talk about what's driving this. lack of spectrum. the boom in smartphones means carriers are trying to move rush hour traffic over a two-lane highway. doing what traffic planners do, adding metering lights and toll roads. i remember talking privately to at&t ceo about this two years ago and he said the top 2% of data users were sl

very big. >> jon fortt, thanks very much.d point out this was a report from all things digital, the website owned by dow jones. cnbc has called for comment and hewlett-packard says they have none at this time. >>> it's been a down day not only in equities, but in other parts of the commodities markets as well. gold and other metals prices getting ready to close. sharon epperson at the nymex, how is it looking? >> it's looking like mostly a copper story today. that's where we've seen the big declines and a one-week low basically for copper. we've been talking about bhp billiton and their comments from that executive there about iron ore and slowing demand. also rio tinto out talking about slowing demand in china. that, of course, is weighing on prices. auto manufacturers group in china as well saying vehicle sales will not be on plan for 2012. so all those factors are weighing on some of the metals. but we're also looking at gold prices here below 1650. a key psychological level. if we see it below 1634 that could be a break a

thank you, jon fortt. we'll see you later. >>> meanwhile, for the first time in six days, rick santelli has that angle. >> we continue to see the treasuries not come off their high yields even though intraday buyers sneak out but then they run back under the rock. look at train day of 5. you can see they are hovering at the highest yield close. as you move down the curve, like a 150, highest yields of the day around 239. here we are coming back. same could be said for the leader. hovering, as you can see, on the big picture at the highest yield since september of last year. all and all, it's not a profound decision one way o another. we can extend another range above this range or is 350 and 240 going to hold? the jury still seems to be out. bill, back to you. >> thank you very much. heading to the close, i hope you can stay with us for the next couple of hours. dow is down 50 points. >>> we're talking about corporate bonds making a big comeback. how to make the best opportunity? >> also, oracle has lacked

jon fortt is here with me. what do you have, jon? >> in a way is shows how short the expectations were. the revenue came in slightly light based on what the consensus was looking for. licensing revenue was $2.4 billion. that's the most important number. the street was looking for a range of 2.21 to 2.44. that's the range oracle gave. a lot of people thought it would be on the low end. hardware revenue, though, was a mix at $869. the range was between 880 and 983. the hardware miss is really to blame for the overall revenue miss. also, nongap operating margin was at 46%. the street was looking for 44.7. everything else looks good. they don't give guidance until the call itself. the current quarter is much stronger traditionally than the one that they just reported, maria? >> a lot of focus on the license revenue and what happened there. what are you expecting to hear from management on that front? >> yeah, that's one of the first numbers i gave you. $2.4 billion of new license revenue. that's at the high end of oracle's guidance. a lo

also with us, our technology correspondent jon fortt. good to see you, sir. what was the extent of the violations and how do they differ from what your organization deems to be fair conditions? >> we did a full body scan. we interviewed 35,000 worker. we collected a tremendous amount of detail, 200 -- 2,200 debt and what you expect to find from a factory in china, working too many overtime hours in particular, there are issues of workers, engagement, workers participation in the trade union and there are areas of health and safety which could be tightened up. >> so apple was also, you know, trying to commission this report, wanted this report to come out because apparently they have also been concerned. so what was apple's response to the findings and what have they told you they are doing to address them? >> apple and both agreed with this. they gave us access, talked to anybody, examine any records that we need to examine. when we presented the findings to them, they went beyond our expectations. we presented to them that they are working in excess of code

. >> need to go out to jon fortt, rimm shares well off session lows. jon?hey are off the session lows, reality is being preached. thorsten heins says the best way to drive value to stake holders is to turn the company around. the man who a couple months ago said they didn't need a turnaround but after two months in the driver's seat he thinks they do. pointed out a couple of things, number one, lack of lte phones and high-end devices. 17% of rimm sales are coming from the u.s. so lower end devices selling overseas. they plan to aggressively innocecentivize blackberry saled the older devices as well. blackberry 10 he said is still on track for later this year. help to have it out to carriers in the early summer to -- to get them approved technically. and also says there's too much complexity in the business. the cfo now talking about cutting back on the number of manufacturing locations which over time should improve margins. back to you. >> all right. jon fortt, thanks so much for that. it's sort of odd and ironic that he finally says what is obvious, that

i'm jon fortt. >>> welcome back. emerging markets have been red hot this year. egypt stands as 2012's best stock market soaring nearly 50%. last year they were in the throes of the arab spring. venezuela shot up 38% and vietnam is rounding out the top three with gains of 23%. so far this year. the bric countries, of course, also enjoying double digit percentage moves as well. brazil up 17%. russia the big winner, climbing 21%. india up 12%. and china up about 11%. more now on brazil, it is now the world's sixth largest economy, overtaking the uk in growth. and in an effort to keep latin america's economy on track, the central bank just cut interest rates by 75 basis points. so with all of this in the back drop, where does this leave investors and how do you get in on this action. joik me is paul atwood with huntington asset advisers and president of jpmorgan assets in brazil. >> thank you for joining us. >> good to be here. >> let's talk where we are in brazil right now. nouriel told me during the commercial break that brazil is only going to grow 3% this year.

. >>> plus, i'm jon fortt in san francisco. coming up on the "closing bell," big news in san francisco out of the paypal division. they're moving into small business with new pavement methods to take on square and other competitors. we'll see if what they've got is truly competitive. >> ebay shares were down today. they've had a big rally so far this year. is it time to take profits or should you double down on this high flyer? we've got a stock brawl on ebay coming up next. >>> we'll check in with four square ceo dennis crowley, whether he plans to take the social media company public. you're watching cnbc first in business worldwide. [ leanne ] appliance park has been here since the early 50s. my dad and grandfather spent their whole careers here. [ charlie ] we're the heartbeat of this place, the people on the line. we take pride in what we do. when that refrigerator ships out the door, it's us that work out here. [ michael ] we're on the forefront of revitalizing manufacturing. we're proving that it can be done here, and it

. >>> i'm jon fortt, and this is "tech check."e san francisco children's creativity museum, the innovators lab transforms into a live testing ground for children's video games. >> what are you doing? >> working. >> reporter: ipad game developer fingerprint play is testing educational geoography game. they're turning to the kids for last-minute input before the product launches next week. >> i think it's easy. >> reporter: launchpad is looking for feedback, to an app where children create their own animated story. >> you can do multicolors or rainbows and other things. create your own imagination. >> reporter: these testers are fully immersed. the adults listen, interact, learning from the children. >> often you think something's terrific and you put it in front of a kid and you find out you were wrong. >> coming over here every weekend to see how the kids play with it, how they interacted with it, what was working, what wasn't working. and then change it. >> reporter: here the kids are always right. luckily no demand for major cha

jon fortt is in san francisco and he has an exclusive with the ceo. jon. >> yeah.irst start with john donahoe. it's a system beyond that for engaging merchants and getting them to serve customers and small businesses specifically better. you swipe a card 2.7% transaction fee, 1% cash back if they use their debit card. why does this position you better than competitors like square, intuit. you're not the first mover in this. >> first of all, the product we're releasing is better. it accepts every payment type, it allows merchants to get their money out immediately and it's safer. it's fully encrypted like paypal. secondly, it's one part of the full capabilities. we're allowing a small merchant to sell online, sell on the mobile device and on their offline store. increasingly that's how consumers are buying. so we're the only company that has all three of those solutions. we're the leader online. we're the leader in mobile and now we're coming offline. >> i definitely see some advantages. one point that wasn't clear to me from the presentation is your marketing and d

let's go to jon fortt in silicon valley with more on hp. jon? >> brian, cnbc has been able to confirm hp is indeed combining the pc and printer businesses. the head of the printer business now will be retiring. todd bradley who heads the bc business will take control of the combined unit. the reason for this will be to simplify hp's overall business. this coming from a source familiar with hp's thinking behind this. meg whitman had mentioned on this on the last quarterly call. there's also hope that some of the innovation from ipg, from the printer business, will be able to come over to the pc business also. of course, margins have been under pressure in the pc business. they've also been under pressure in both the printing and pc businesses. so this is an effort to effect that. hp sales force will also undergo some changes. that will be announced soon. there could be layoffs coming also as a result of this combining of the two businesses. that's something analysts did mention seem eed like it was coming at the end of the last call, brian. >> jo

we're finding out from jon fortt who was inside that event. we're expecting the next evolution of the ipad. not an entirely new product, but enhancements on what we already have on the ipad 2. look for 4g connectivity, a better processor, a better enhanced screen. perhaps it's going to be hd. better battery life, a better camera, those are just some of the expectations. of course we'll really know in the coming minutes and we'll bring it all to you live as we find out. >> and it doesn't get much better than that. meanwhile we have one eye on apple. the other eye is on the markets. investors feeling more optimistic about the greek bond swap deal. so what's the playbook on the day after the biggest market plunge of the year? i'm sue herera with tyler mathisen. and "power lunch" begins right now. >> remember that 200-point decline on the dow yesterday? forget about it. good news on the jobs front today, but the really big number comes on friday. investors are cautiously optimistic ahead of tomorrow's greek bond swap deadline. here's where we stan

jon fortt joins us with that story. >> yeah, tyler, the star of tomorrow's show is the ipad itself.here are a few more details that apple's rivals will be watching more closely than color and design. first the chip. expect to see apple's a-6. it will be a major influence on the ipad's overall performance, including speed, battery life and ability to grind through the hd movies and even beam them up onto a big hd screen. samsung and intel, all arms dealers for apple's rivals. second, the apps. last year apple introduced imovie and garage band. the big question is, whether they will get something else. they focused on software tools for creating music, photos and video. will they push the ipad to be more of a professional tool. and we might get a hint at the ios 6. >> we'll talk more about the impact of the ipad on the pc makers. joining me in the conversation is brian marshall, i.t. hardware and analyst with isi group. thank you so much for joining us. >> thank you, maria. >> how important is this new product? the ipad has had terrific success. is it another advanced ipad 3 moving th

. >> i'm jon fortt in san francisco. later on the "closing bell," i'm here outside the apple event. it's over, the new ipad is called, the new ipad. we'll talk about what the new features are, how this changes the game for apple and its competitors. >> who's got game? we'll look at whether mobile app makers like zynga could be benefiters from the ipad. >> apple may not have a shiny new ipad, but if you have apple stock today you might be smiling. >>> the dow down 128 points here at the open. >> this is a booking on profits. >> the metals today are getting crushed. i'm relieved to see the pullback. frankly, we got overextended. >> we're getting more data on global growth. indicates a little slower than we thought. >> how about a correction. it's healthy. it's 200 points, 200%, a little bit less. so what. >>> welcome back. we're coming to you from the post of pandora, the symbol p is getting hammered right here in very heavy volume. >> we haven't seen this kind of volume since the ipo. >> you haven't seen this kind of volume since the ipo. 21.2 million shares. very heavy day. thank yo

. >>> cnbc jon fortt on site in san francisco. all right, jon, really, truly, what are we expecting? >> well, brian, i was talking to an analyst, a technology analyst covering apple for a long time. he says, look, this isn't going to be called the ipad 3, not going to be called the ipad hd, the chip inside will be a new chip, not called the a-6 necessarily. it sounds like apple's got surprises up their sleeves. performance is what they're likely to focus on, both in terms of resolution on the screen and the camera and the device itself. the goal here from what i'm hearing other people say is to make things like amazon's kindle fire to look like a toy. they want to raise the bar in tablet performance, redefine the space so these competitors really can't gain share on them and they can expand the market, brian. >> are we expecting then a revamp or a tweak? >> reporter: well, it depends on what you call a revamp versus a tweak. remember, the first ipad when it came out people said, oh, it's just a bigger ipod touch when the iphone 4s

jon fortt has the details on this one. hi, jon. >> reporter: hey, sue. "the wall street journal" says intel's in talks to create its own virtual cable operator, a service you'd access through the internet. i can confirm intel's talking to hollywood about possible deals. but what's less clear is what intel really wants. it doesn't sound like they expect to create a full cable experience online, probably something short of that. the more important question, why is intel interested in tv? remember, apple has itunes where you can buy or in a few cases rent individual tv episodes. google has google tv. amazon has prime instant video. and netflix has its streaming service. all of that's happening because in mobile, content is king again. remember, music made itunes. itunes made the ipod and that remade apple. a lot of companies are betting that video will play a similar role for the next generation of smartphones and tablets. we're already seeing that happen. at&t and verizon are throttling their data speeds largely because of video streaming. this is a defens

. >> let's go meantime to jon fortt who has breaking news now on yahoo!. red off a note to yahoo! ceo scott thompson. very much upset full of zingers about the fact that scott thompson does not want loeb on the board. he says only in a logical alice in wonderland world would a shareholder be deemed conflicted because he is well a shareholder too. apparently thompson told loeb that because he's got so much stock in yahoo! he might be tempted to represent short-term interests instead of long-term. loeb of course fired off a note days ago saying that they could expect a long and costly proxy battle that yahoo! really can't afford to engage in right now. and loeb is definitely turning up the heat on thompson now. the new ceo at yahoo! tyler. >> in the last letter he used the phrase -- which you doint usually see in the text of proxy fights or these kinds of battles. >> no. you don't. up next, anies soaring on first day of trading. we'll get you the latest trade on today's ipo. >> and he's just one company cashing in on health food. the company's ceo joins us ne

jon fortt.you're not eyeing that ipad from an apple store, then you're likely heading to the at&t or verizon store to buy it. the ipads 2 sold some as wi-fi only. the ipad explosion, to join us with their take, kevin smith. good to see you guys. thank you so much for joining us. >> thanks for having me. >> thank you. >> you like verizon? >> i think verizon benefits initially more than at&t does. they have a larger lte network. given that the ipad is the first to work on lte, it gives them more of a marketing advantage. >> kevin, if it comes down to the expanse of the lte network, does the ipad 4 improve it faster? >> the at&t has raised cap backs for lt this year. we think they will build as aggressively as they can to try and catch up with verizon. so far verizon covers about two-thirds of the u.s., at&t about one-third. that gives verizon the advantage and we think they'll sell about 3 million to 4 million ipads this year. and at&t will sell about 2 milli million. >> if they're not getting the

our technology correspondent jon fortt joins us with what we could expect. jon? >> reporter: yeah, tyler, first let's take a look at the stakes for apple. we got our first glimpse of the ipad just two years ago. it's easy to lose sight of just how essential it is to apple's growth story. apple sold 15.4 million ipads last quarter alone for $9.2 billion in revenue. it made up just a little less than 20% of apple's overall sales. even that stat is misleading. the number one product at apple last quarter was the iphone, of course, more than half of revenue. but the iphone is a subsidized product. the ipad is unsubsidized. it's the greatest share of revenue. what we don't know, what apple might not even know based on tim cook's recent comments is how fast the ipad can grow. if it can do 15 million units in its first quarter of sale, that would be $9 billion to $12 billion in sales. that would set up apple for a new iphone in the summer or fall. what to expect specifically in terms of features here? looking for a sharper screen, better camera, an a6 chip, probably sir

jon fortt is in silicon valley with the latest. jon. >> tyler, not a huge surprise, but yahoo has thrown down the gauntlet for a full-fledged proxy fight later this year. the company appointed three new directors effective thursday of next week. solid resumes are represented there. john hayes is chief marketing officer at american express. peter is a former executive at discovery communications and fox. and thomas is outgoing cfo of iac. now, of course, at the same time four current board members including the chairman have said they won't stand for re-election. and we had co-founder jerry yang step down earlier this year. what does this mean for the sock? daniel loeb says this guarantees a fight yahoo can't afford right now. this reminds me of the fight at hp over a decade ago over whether to buy compact. no matter who wins, there will be lots of bruises here on either side. back to you. >> all right. thank you very much, jon. >> meanwhile, that former goldman sachs executive who wrote that stinging op ed piece accusing the firm of

jon fortt is in silicon valley with more on what's driving mr. cook's mission in china. ue. all apple is officially saying is tim cook is in china to meet with government officials. he certainly would have plenty to discuss with them. that's not all he's doing. cook stopped at an apple store in beijing and took photos with star struck patrons. this is the first time an apple ce oh, has made this kind of official visit to china. it comes at a pivotal time. cook often sites china as apple's most promising market. apple is also the most visible brand associated with chinese labor right now because of questions that news organizations and others have asked about labor conditions for workers who make apple products. then there's the trademark issue, a chinese company fighting with apple over the use of the term ipad. the fundamental issue for investigation to investors, apple stock has nearly doubled in the past year. >> jon, stay with us if you might. as cook makes moves in china, what are the risks and rewards? brian blair is a principal and senior research analyst at wedge

and brian marshal with a buy rating and our very own tech reporter, jon fortt. to all of you thank you so much for joining on the apple discussion. jon, first to you, are we getting too much of a good thing considering the market's depend dependency on this company? if apple fails, will we all go with it? >> that's a good point from a market perspective because what we look at and we look at the different indices apple is a part of, it's making up a greater and greater share of both performance and cap weighting. we really hope apple doesn't stumble because of the outsized impact it can have on the overall markets and other components. remember, we're all just one big etf these days. >> yeah. brian, you have a buy rating on this stock. feels to me as though you feel it won't stumble any time soon. >> that's right, mandy. we published a report today that analyzed this. we call it the theoretical threshold of penetration. apple's two products iphone and ipad, specifically the iphone, we analyzed what's the upside of the current iphone business with the products the

jon fortt is in san jose with the details. did they do enough? do they have a strategy that wins, jon? >> well, we'll get to that. there has as you said been a stark change in tone at research in motion. two months ago when the new ceo took the reigns, he sounded like his predecessors. this is not a turnaround company, he told cnbc. rimm's biggest problem is a marketing problem. and two months later says there is a need for turnaround. rimm will cut back on the number of manufacturing locations and back off the consumer market and focus on the enterprise. the stock is up today on that reality check. but here's the problem, the overwhelming majority of rimm's growth over the last five years has been in consumer, and that's the business it's losing to ios and android. even if it's new blackberry 10 devices are a hit, it will take time for that to ramp up. i'm hearing from experts that rimm will have to do major cost kutds if it's going to truly retrench. they can't wait too long. marly in consumer hardware as we saw with nokia over the last couple y

and our jon fortt is in an apple store in palo alto, california, where people were lined up overnight. >> hey, tyler. the question today is what does demand look like for this new ipad? out here there are about 150 customers in line when the store opened. maybe a little more than that around 75 retail workers on site. the first person in line, a guy named chris, showed up wednesday night. slept on the ground in his sleeping bag. the next night he got a tent, said he slept like a king but still on the ground in a sleeping bag. now, the question though there's been a lot of questions about these lines being shorter than the ipad 2. don't make too much of that for a few reasons. let me give them to you. number one, there were preorders this time. there were not last time. they sold a million in preorders. that's one thing. another thing other retailers selling this the first day, walmart actually opened up at midnight to start selling it. that's another. another is ten countries launching this today. 25 more launching next week. this is much expanded distribution. we have people in some

our tech reporter, jon fortt, joins us here in our studios. the motivation behind all of these attacks seems to be changing. the story is developing in a much different way. >> it's interesting, sue. historically it was hacking to prove you could do it. jobs and wozniak and now it's more profit for organized crime. this annual report shows activist groups stole more data than anyone else. groups like anonymous. you might recall hit in may and sony a month later in june. so finding a few more interesting trends this year breeches that involve hacking skills were up 31%. malware was up 20%. that was actually down. a greater percentage of the attacks last year were pretty unsophisticated like burglarizing somebody's home who left the door unlocked. verizon put the report together with help from the secret service and federal police in the uk, ireland and australia. they got more impersonal, but there was more hacking overall. scary when you consider that mobile devices are stargting to get targeted. and what they're after is personal data. more o

jon fortt looking at it from the perspective of the tech sector. >> the human tragedy in japan is breathtakingoon forget those images. there was of course a business toll too. in technology the biggest impact came in semiconductors. texas instruments had to idle two manufacturing facilities with one seeing significant damage. free scale semiconductor ended up shuttering near the quake's epicenter though it planned to shut at the end of the year. the impact on the overall tech supply chain was limited. most of the trouble was in east japan, not in west japan, which might have caused more headaches. companies tended to have a plan b for production of those things. by july of last year, many were back online ahead of schedule. for the last couple quarters even companies like t.i. that were hard hit haven't had much to say about stsunami impact. that stands in contrast to a crisis that began to peak a few months later, the flooding in thailand. thailand is the center of hard drive production and effects rippled through the pc and server supply chain. apple said the floods hurt hard drive productio

jon fortt is in san francisco with a closer look at the new ipad. >> bill, i've got it right here.'ve had it for about a week. the key feature on this is the retina display. the question is whether this is different enough from the previous ipad to continue apple's momentum. just to row cap, last quarter, the holiday quarter, 15.4 million units for $9.2 billion in revenue. 111% growth year over year. more pixels than your hd tv has by quite a bit. this is the clearest screen that you can find on a mobile device anywhere. but the question, again, can apple maintain momentum with this device, bill. >> jon, stay there. let's bring in our next guest to talk about the trade on apple. i mean, this has been an amazing ride for this stock. senior equity research analyst at mazzou. and i should point out, gentlemen, when apple hit $600 today briefly, deutsche bank removed the company from its high conviction list. i'm not sure if they have a low conviction list, but it came off that list. they were taking profits at that point but still bullish on the company medium to long term. that may h

here to help us sort through fact and fiction is cnbc's jon fortt. what do we really know?ok at numbers. it doesn't seem like investors are too hyped up. to keep things in perspective, the stock is up 25%. let's look at what is plainly expected. i doubt it's called the ipad 3. the most important thing is what apple is doing with that extra horsepower in this a6 chip. if so, it's like that karate kid moment where they say to take daniel out, it could crush the already hobbled competition. will we get fast wireless lte in a an ipad? maybe. which could see an update to the television set and when these ipads go on sale after the announcement. the sales could be important for schools, too. >> jon fortt, thank you. >>> we were talking about greece before and whether that's an issue or not. we're going to go live to athens in the next hour of the program, 11:30 eastern. >>> well, transcanada announcing it will split a pipeline previously rejected by president obama. the company slated to begin building the oklahoma to texas pipeline shortly. we'll talk to the president of transca

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jon fortt has more.ack at this last number of years, what have been his most significant accomplishments? >> well, it was a maverick move nearly acce acceply seven yearsy appointed stringer and the stock price really tells the story. stock is down a third. and while there are several factors beyond his immediate control, there are two products that have defined the tech space during the period sony didn't make that make clear why sony is struggling. the ipod and the iphone. so the stock down by a third seven year, apple trading at more than 16 times its 2005 level. 2005 was the year of the ipad in an nano. truly pushed them into the global mainstream of music. meanwhile sony's fortunes have continued to deteriorate. sony lacked a hit digital music player and download service. but still tried to load up its devices with features. its phone partnership with erickson prevented it leaving room for apple to do that. the flatten he will market has gone through a period of suppressed supply and samsung has been

our jon fortt has more on what to watch for.at day for weeks and months. >> reporter: it's a little bit like a crime scene out here always before these things, a bunch of tv trucks, a sign behind us that we're trying to decipher. it's an apple and a splash of color. does it mean high definition? that's some of the speculation out there. this is the first big apple event of the year. it sets the tone. we expect a sharper screen on the ipad, a better camera. the same general price structure is what they tend to keep. maybe they will keep the ipad 2 around and make that lower priced in order to keep up their market share, maybe even gain a bit. the question is, will the availability be next week? last year, what they did was they did a nine-day pushout. so that would mean next friday is when these would appear in stores. and the feature questions are, will this have an a6 chip, the next generation of the chip apple designs or will they do a souped-up a-5. and will it have at5. it will affect margins. the will thee components cost a

. >>> coming up on "power lunch," jon fortt looks at whether u.s.ir disruptions caused by the fukushima power meltdown, that's particular p.m. eastern on cnbc. >>> starbucks has announced plans to sell single serving coffee machines, what does it mean for green mountain coffee roasters? we'll break that down in a moment. >>> still to come, it's the job market, stupid. and we've got it covered. dhr international joins us with their shots on today's jobs number. in the meantime, we've learned there's a private held retailer in illinois looking for a cfo. salary starts at $700,000. stay tuned for all the details. and it's free. ya know, for whoever you are that day. it's just another way you'll be traveling at the speed of hertz. weight loss programs can be expensive. so to save some money, i just got the popular girls from the local middle school to follow me around. ew. seriously? so gross. ew. seriously? that is so gross. ew. seriously? dude that is so totally gross. so gross...i know. there's an easier way to save. geico. fifteen minutes could save

thank you jon fortt.bring in senior analyst from morgan keegan. how much of a deal should be made of this. analysts come out, doing line surveys comparing the lines for the ipads this time versus the ipad 2. there are not as many people in line so perhaps it won't sell through as much as we anticipate. >> hey, david. i don't know how correlated that is with ultimate sales in a given quarter. especially as apple becomes more of a main stream product and less of just the apple zealots buying them. a lot of preorders. a lot of sales will be folks that want an ipad but wait a month. this is the only consumer product company out there you see lines for at all. >> is the ipad as profitable as apple's previous devices? >> as a product line, the ipad is less profitable. you know, it's another good price. from a stock price and a earnings growth perspective the iphone drives the engine here. so to a certain degree it's an appropriate day to focus on the ipad. in terms of how the year pans out it will be the iphone