josh lipton joins us now from silicon valley. josh, as you look through the numbers, what's the one take away from investors from the cisco report? >> as you pointed out, cisco is getting hit hard here in the after hours, it's dragging some rivals down with it, missed on sales, you also saw a disappointing guide. one number that did strike me through the release was the decision to boost it's buy back by a big $15 billion. remember, the company had authorized up to 82 billion in stock repurchases. when you talk to cisco bulls, the analysts will bring it up. it's a big part of the thesis, they believe they will see bigger buybacks but tonight in the after hours, traders and investors are focused on the miss in the top line and a disappointing guidance. >> we'll see what happens in trading tomorrow with cisco stock and we'll count on you to fill us in. thanks so much. josh lipton reporting. >>> with mortgage rates creeping higher and first time buyers increasingly priced out of the market, one home builder is shifting back to a stra

josh lipton has more. >> reporter: kids are using mobile devices including tablets a lot more. in the past two years, the average amount of time children eight years old and younger are spending on mobile devices tripped from 5 minutes a day to 15 minutes a day, according to common sense media and groups. stephanie says it's big business. >> the total toy industry is $20 billion and certainly electronics and entertainment properties are a growing percentage so i think it's viable to say this is about a billion-dollar market in the u.s. >> reporter: samsung is the latest tech company moving into the market. the new galaxy tablet kids tablet is available in the u.s. and amazon, best buy and toys r us. it comes with a 7 inch display, the cost, $229. leap frog is also a player in the space with it's leap pad ultra designed for the 4-9-year-old set and has all the bells and whistle, 7 inch display, camera and mp 3 player and they can view sites approved. the cost $149. or v tech invo tab three. the american academy of pediatrics discourages screen time for kids under two, pediatrici

josh lipton reports. >> reporter: microsoft says this will be the biggest xbox launch ever, twice as big as its last console launch eight years ago. gamers lined up from coast-to-coast waiting for the new device. >> the line is not so fine. it's pretty cold, but it will be worth it. >> the games, the games are -- they look amazing. the frame rate, 1080 p, they look amazing. >> reporter: mike socht does have to deal with serious competition. sony said it sold 1 million of its new consoles, the playstation four in just the first 24 hours after it launched last friday. the two consoles do have their differences. one is price. the xbox 1 costs 4 99 dollars, $100 more than the ps 4 and there are different functions. both consoles in audition to gaming can you the about toy to stream movies and musics and the feature with voiced-based commands. but not everybody on wall street is as excited as the gamers. rick recently wrote a tough note about the xbox calling it a distraction and costly side show he estimates loses $2 billion for microsoft a year. but a chief officer for the xbox disagree

and as josh lipton tells us, the newest console from sony out today is off to a terrific start. [ applause ] >> reporter: from new york to san francisco hard core gamers lined up outside of stores for one of the most anticipated launches in years. >> we've been waiting for awhile for this. this is a big deal. >> three, two, one. >> midnight on friday, sony officially launched the play station four in the u.s. the first shot in the upcoming video game wars, microsoft is expected to release the xbox 1 next week which will be sony's biggest competition in the battle for hard core gamers and with analysts pegging the global console markets at around $10 billion. it's a battle that neither side wants to lose. how do these two consoles stack up? the features are similar but here is the big difference, the ps 4 will retail for about $100 less. sony is hoping that will give it the competitive edge it needs to beat out the rival. >> in terms of overall numbers, we're planning on selling 5 million units worldwide by the end of march and that's significantly ahead of where we were with the last gener

josh lipton. still to come on "closing bell," do you believe that jpmorgan is safe enough to buy in the wake of its $13 billion settlement with the federal government? that is ahead. >>> industrial giant dupont splitting its company in two. ceo ellen kullman joins me exclusively next to tell me what it means for the company and your portfolio and if a certain activist investor was behind the move. you're watching "closing bell" on cnbc. i got this. [thinking] is it that time? the son picks up the check? [thinking] i'm still working. he's retired. i hope he's saving. i hope he saved enough. who matters most to you says the most about you. at massmutual we're owned by our policyowners, and they matter most to us. whether you're just starting your 401(k) or you are ready for retirement, we'll help you get there. maestro of project management. baron of the build-out. you need a permit... to be this awesome. and you...rent from national. because only national lets you choose any car in the aisle... and

our josh lipton has more. hey, josh. >> hey, scott. yeah, the main question about john chambers, is he worth it? remember, he joined cisco in '91, became president and ceo in '95. named chairman of the board in addition to his ceo role in 2006. chambers has enjoyed the perks of c sweet life, the compensation doubled to $21 million in 2013 and billed for jet expenses. as for performance, cisco stock has climbed 20% this year. over the long term, more mixed picture. in the past ten years, the stock is up 6%. since january '95, when he became ceo, it's up 1,200%, way more than the major indexes, and has grown the company from $1.2 billion in revenue, to $48.6 billion. he would like to leave on a high note. the question is, how bright is cisco's future? analysts say the cloud is an obvious threat, but cisco is making moves to adapt its portfolio, and the tech bellwether has the potential to return a lot more cash to shareholders. chambers has reportedly indicated that he could step aside as ceo as soon as next year. scott, back to you. >>

josh lipton has the story. >>> it is a dramatic fall from grace for a company that basically created the smartphone craze. everyone had them at work. but now blackberry is a shadow of its former self, with a market cap at just $4 billion, a 95% drop in just five years. big changes announced today. the ceo, thorston hynes will be ousted. they say that hynes is really the fall guy for the company's troubles. >> he can get blamed, but my position is the structure was largely locked in place from years previous. >> the question is, what happens next. we could still see a so-called take-under, meaning the company sells itself on the cheap below the sale price. another option, sell off pieces like the patents and messaging services. one spokesperson said the company could exit the hardware business and concentrate on just software and services, but it looks challenging. >> at least in the near term, blackberry has very limited options. and they are just two moving parts of the puzzle. but longer term, i think these guys have the ability to create a niche within the mobile space. >> investo

josh lipton joins us. >> it could be a big weekend for tech.ne-third of shoppers surveyed by consumer electronics association said she plan to buy electronics this weekend. that is what could happen. the actual number could be even stronger. last year 44% of those who shopped over the weekend did buy electronics. economists say this year tech could overtake clothing as the most popular category. most expected to buy a tablet, followed by laptop consumers, video game consoles and televisions. they chalk up some of that enthusiasm to new announcements. >> we have new game consoles, new computing prushgts a number of new tablets, smartphones. all of these are growth categories with large installed bases. consumers going out and buying these categories over the weekend. >> analysts we spoke to say the hot items could include apple's ipad, seven-inch android tablets and big-screen televisions from samsung and vizio. >> still some tech gifts on that list, josh. thanks. our next guest is hoping shoppers will have money left over afterwards for what he

josh lipton is in san jose with that story. josh. >> reporter: hey, scott, yes, credit suisse says by 2020, 3-d printing will generate $11 billion, and it's not likely hewlett-packard will ig noer that opportunity. the big question, will they develop their own 3-d printing systems or will it acquire smaller players? back in october, hp's ceo meg whitman told customers in thailand hp does plan to enter the market by the middle of next year. hp is said to be focusing on lowering the costs for 3-d printers and also the time it takes to print a 3-d object. there's also speculation it could be interested in buying one or more of the leaders in this growing market. two of the biggest names, 3-d systems, whose stock price has doubled this year, and stratuss, gained 40% already in 2013. hp used to have a partnership with them, but they think that might have ended because hp wants to pursue the market on its own. x-1, it's gained some 90%, and voxeljet, soared 200% since its ipo in mid-october. >> all right. so what's the trade for hewl

josh lipton, nightly businesserer port. >> whoever the next ceo, microsoft faces bill challenges and who to discuss them and who may best tackle them is bill george. professor of management at harvard business school. welcome back, good as always to see you. how big a fix is required at mike soc microsoft and what's the first thing the ceo needs to do there? >> tyler, i think it's substantial. steve has been there 14 years. i think it's time he move on. maybe it could have happened sooner. it's the end of an era clearly and the first person really from the outside. i think it is time to go outside. i don't think the internal candidates are going to be selected, and i think the first thing they need to do is take a complete look at the enterprise, decide are they going to be an enterprise software, or are they going to be consumer and mobile? i would personally think they have to be a very broad did based company and get into the game. they missed out on so much of the game, so many opportunities, tyler, and i think they need somebody-- visionary and lead them where they need to go, o

but josh lipton at a best buy out in california. josh, what can you tell us? >> yeah, kelly, best buy here, the sale actually began last night at 6:00 p.m. you saw big crowds. we've been here all morning, i can tell you you're seeing a steady stream of shoppers. it's actually picking up. the manager of this store, at least saying, this looks like it will be the best black friday he's seen in a while. a lot of the shoppers here, no surprise, they seem to be making a bee line for those discounted flat-screen tvs. >> i have a panasonic 50-inch, and i guess it's about time for upgrade, if i can get a good discount. >> now, about one-third of those shoppers surveyed by the consumer electronics association said they do plan on buying electronics, but that number could actually be a lot higher. remember, last year 44% of those who went out shopping did purchase electronics, so a lot of interest still in those tech toys. guys, back to you. >> wow. thank you, josh. >> all right. let's go to julia boorstin. julia boorstin at a target in los angeles. what are you finding

. >> let's bring in josh lipton. he has been on the conference call. >> i'm going to stay on the conference call. we get them. you look across revenue across the different divisions. sales were down but better than what the street was looking for. i know some bulls think you will see stablization there. there was better than some of the estimates that i was seeing. >> we will check back with you is hewlitt's turn around finally taking hard? excuse me. paul, great to have you with us. >> nice to be here. >> why don't you like hewlitt pa packard? and rationalizing the business that still have yet to materialize. >> so i think at a price which i probably now define as sub 20, it might be worth a trade or rental. in no question secular decline. and you have six business units in the most recent quarter and five of them had year to year declines. three out of the six actually had a decrease despite some cost cutk. >> what is that catalyst for that next after the 6% move? >> i think what happens is the stock finds serious

in technology have gathered at cloud computing conference in san francisco where we find our own josh lipton. josh? >> reporter: yeah, bill, here at dream force, it is billed as the biggest cloud computing party on the planet. some 130,000 expected to register. they are here to party, to network and to listen to a who's who of silicon valley superstars. yahoo's marissa mayers, sean penn, rock bands like green day. a clear shot at oracle and its big event in san francisco, open world. the two have been bitter rivals in the past and now partners integrating their inte net-based software. foes becoming friends. this year's investors have clearly sided with salesforce. that stock has surged higher. they are now seen as poster child for the cloud. the street wants to see eps on nine cents on revenue of $1.1 billion which would represent year over year growth of 34%. we'll bring you all the numbers on the "closing bell" in about 20 minutes. bill, back to you. >> josh, thanks very much. by the way, salesforce chairman and ceo marc benioff will be on "mad money." jim cramer is out there broadcasting

josh lipton, cnbc, san francisco. >>> joining us for more is daniel ives. daniel, good to see you. of people look at sales force's growth, revenue or profits doing much better than oracle. they say they have a better business model. does that actually stack up in the long run? because oracle is still a big beast. >> yeah. at this point, sales force has proven again and again. oracle has work cut out for him specifically o cloud and i think it speaks to where guys like oracle and microsoft are going towards the cloud. that's where the growth is.. sales force has had the first mover advantage and now the key question is going forward, the success these companies have in the cloud. >> yeah. microsoft, you mentioned it's growth in the cloud. how big of a potential threat have they focused on that? >> that's kind of big the rock of gibraltar through microsoft. the head kinds have been massive. the success has been in cloud. that's where they've found sort of secret sauce. i think as they put more resources into that, especially with a new ceo and some acquisitions, i think microsoft is

josh lipton has the latest for us. josh? >> yeah, bill. big news from blackberry today.oning a buyout from fairfax financial and moving to ceo thorstein hines. they argue he was the fall guy for the company's troubles. >> he could get blamed for bad strij strategic decision. my suspicious is the structure was locked in place from years and years previous. >> analysts now debating what comes next. bchltd cg says, we could still see a so-called takeunder, meaning the company sells itself on the cheap below stock price. others say we could see it break up, sell pieces like messaging services. carly fiorina, isn't optimistic saying this is a company that's run out of time. investors look forward to seeing who the new ceo will be and what the strategy will be. >> josh, by the way, your blackberry is buzzing there. did you see that? with blackberry removing its "for sale" sign and naming a new ceo, interim, at least, john chen, we ask, is it officially time for holdout consumers to finally make the switch to a brand new smartphone? >> helping us answer that question is ronan f

josh lipton is at a game store on a tough assignment. >> grueling assignment. pulling out, you can see all the stops promoting the new ps4 console hosting launch parties from coast to coast. last night you saw hundreds line up in new york for a launch party hosted by sony. i can tell you here at this game stop in san francisco the lines were around the block. today the lines are out the door right now. this is really the first shot in the upcoming video game wars. microsoft is expected to release its x-box one consome late e cos month. the specs are expected to be similar. ps4 will retail for $100 less. gamers say that price point was a big plus. >> when it first came out it was 600 bucks plus a game. now it's 400 bucks, more gig, more data and playing for a game. you're going to walk out of here spending $500. you're winning. >> reporter: morgan stanley expects sony to sell 3 million units by the end of the year. sony has held a pretty dominant lead in terms of hardware units. playstation consoles account for 55% of the market, microsoft coming in a distant se

josh lipton has more details on this. staggering stats, josh. >> amazing, mandy, chinese consumers are buying. november 11th the biggest shopping day of the year for chinese consumers, known as singles day, and it gives us a clear window into why investors are so excited about the possibility of ali baba, the chinese e-commerce giant going public. it's a holiday created back in the 1990s where chinese celebrate the single life it has become a shopping bonanza. last year on singles day sale on alibaba's platform total $3 billion. this year they say sales on its platforms were bigger, $5.7 billion, a new record. sale involved 20,000 merchants including big brands like gap and uniqlo. the number of visitors to alibaba's website 402 million. they're often compared to amazon but the company will tell you that's not really accurate. alibaba does not directly sell goods. it's a platform for which buyers consumers and companies buy and sell with each other. they make money off advertising the bulk of its revenue. the company is gr

josh lipton with the story. josh?maria, this holiday season a lot of kids might want their stockings stuffed with tablets. there are a lot of tablets now on the market for kids. they're fun, easy to use and parents use them as babysitters. samsung is the latest to jump into this hot market with their new galaxy tab 3 kids tablet. available in the u.s. this sunday at places like this best buy store i'm in. the specs, seven-inch display, eight gigabytes of storage, powered by android jellybean, the cost 229 bucks. why is samsung jumping into this market? they say the kids tablet market is big business. >> the total toy industry size is about $20 billion, and certainly electronics and entertainment properties are a growing percentage of that. i think it's viable to say this is about a $1 billion market in the u.s. >> kids are using mobile devices, including tablets, a lot more. in the last two years, the average amount of time children spend using mobile devices has tripled from five minutes a day to 15 minutes a day. th

josh lipton has the numbers from salesforce. >> reporter: salesforce just reporting. on the bottom line the street was looking for 9 cents. salesforce reports 9 cents, so in line. on the top line the street was looking for $1.06 billion. salesforce a slight beat $1.08 billion. looking ahead for guidance q4 bottom line comes in light. analysts were looking for 7 cents. salesforce is forecasting 5 to 6 cents. light on the bottom line. top line, street was looking for for -- >> we want to get back to josh in a moment. salesforce.com shares, as can you see, up 1.33%. ceo marc benioff takes the hot seat with jim cramer on "mad money." don't miss cramer tonight on "mad money." a short break. much more ahead on these gravity-defying markets. saudi prince alwaleed is in the house. he sits down with me at the new york stock exchange fresh off his $600 million profit from twitter. we'll talk about his holdings, including citigroup and apple, among others. we'll hear from someone of the smartest investors on the planet. >>> the nasdaq marching toward 4,000, a level it has not br

josh lipton is live at dream force. tell us about the event, josh? >> yeah, sue.ing these gruelling assignments as you can see. i'm here at dreamforce in san francisco. we're going to have a lot more about this event as well as a preview of sales force earnings, all that when "power lunch" returns. 0 >>> power rundown time. joining us, sue and seema, let's start with princeton. the university could decide as early as today on whether to distribute novartis meningitis vaccine to students. the vaccine not approved in the u.s. but the fda is apparently going to give special permission to the school to administer it following a meningitis outbreak there. so should, seema, the school give out a foreign vaccine, the wrinkle here is that the traditional vaccine doesn't protect against the particular strain at princeton? >> right. some of the health care experts i spoke to say that the european approval process is rigorous for safety so this might be a good option, actually, for the students. >> why, sue, are we so far behind on something like this? in other words -- i do

josh lipton, i know you've been doing some hard research. you've been following the gaming wars.? >> reporter: grueling research. next week microsoft is going launch the x-box 1. that's son chip's stiffest competition for the hard core gamers. last night it was all about sony with gamers lined up at stores from coast to coast to get their hands on the new console and here at the gamestop in san francisco, gamers were back in line. i can until at 6:00 a.m. some of those shoppers left empty handed an hour ago after the store sold out. while it's bad news for shoppers it's a good news for sony. the skoenl console is a make-or product for the company. >> in terms of profitability the ps4 platform has to succeed. >> sony once seen as premier name in consumer electronics has lost its luster. the stock is down 50% over the past decade with companies like samsung and apple dominating that space. this year shares have bounced back tacking on 65% since january. bulls pin their hopes on faster restructuring at the company especially for its pc and tv segments. morgan stanley thinks sony wil

josh lipton joins us san jose to break it down. plum assignment. >> a shopping frenzy in china. november 11th the big effort shopping day of the year for chinese consumers. singles day, it really does offer a window into why investors are excited about the possibility of alibaba going public. last year on singles day, sales on alibaba's platform $3.1 billion, that was more than cybermonday and black friday combined this year alibaba says sales on the platforms were bigger, 5.7 billion. that is a new record. alibaba is compared to amazon but it's not accurate. alibaba does not directly sell goods. it's a platform to which companies and consumers buy and sell with each other. alibaba then makes money off of advertising the bulk of its reven revenue. the company's growing fast, 2.3 billion in 2011, 4.1 billion in 2012. recently for the april through june period, alibaba reported revenue of 1.7 billion. that was a 61% jump year-over-year. alibaba is planning an ipo that people familiar with the matter tell cnbc could take place in early 2014. possibility that ipo is one reason yahoo

josh lipton sets up the gaming battle royale. you, josh. >> yeah, maria, microsoft's xbox one hits stores next week. the battle between microsoft and sony here is really just getting started. how these two consoles actually compare, the specs are actually pretty similar. one big difference, the ps4 will retail for about $100 less. soeaso sony's banking on that lower price, attracting more of the hard core gamers. >> i think sony, you know, if it wants to get back to make its own predictions for where it will be in a couple of years in terms of profitability, the ps4 platform has to succeed. >> morgan stanley expects sony to sell around 3 million units by the end of the year. no matter how you look at it, sony has held a dominant lead in terms of hardware units shipped to retailers this year. playstation consoles accounting for 55 % of the market in 20 13. microsoft comes in a distant second at 30%, but if you take a look at the long-term battle between sony and microsoft, you'll see the consoles are pretty evenly matched. both the

josh lipton got an exclusive look at the new complex. cleared for takeoff, buddy. >> listen, we were the only tv network that did get this video. the centerpiece will be the spaceship. now, this is a circular office building, accommodating some 12,000 employees. the building will be four stories high and total 2.8 million square feet. now, to put that in perspective, you could actually fit the "uss nimitz," super carrier for the navy and one of the largest warships in the world, you could actually put that inside the center of that ring. as a part of the deal reached last night, apple will pay cupertino more in taxes. apple is the single largest taxpayer in the city already. it could mean a boost for the local labor unit. berkeley has done research for every high-tech job, five others are created. so lawyers, nurses, carpenters, there to support the high-tech labor force. residents do have concerns about construction noise and congestion. apple says it plans to widen streets and expects one-third of its employees to take public transport

let's get straight to josh lipton with more on this developing story. give us the latest, josh. >> mandy, blackberry certainly shocking investors this morning, moving to fire its ceo and bane don a buyout by fairfax financial. smartphone maker works hard to reverse a dramatic fall in market cap and market share. big change at the suite, thorsten heins ousted in the next two weeks. john clen will serve as interim ceo. now talking to a lot of analysts who cover blackberry. here's what i'm hearing from the street. the best path was to go private and the company would have had a chance to regroup and refocus out of the public spotlight. that option is off the table. so now colin gillis says we're back to the cycle of constant negative news which becomes a self-pro filling prophecy. if you're an enterprise company you might be concerned about partnering with a company that could get broken up. what's next, one option gillis says could be a so-called take under, meaning the company sells itself on the cheap. another option, sell off pieces. the messaging servi

answers now from josh lipton who has been hanging out a game stop in saj san jose. >> that's right.s were lining up all night for the xbox one. reviewers at polygon say that the console is an impressive marriage of software and hardware that raises the bar for a living room machine. but analysts on wall street, tyler, aren't nearly as excited about what this product launch means for microsoft. rick sherlin of newmore wrote a tough note about the xbox calling it, quote, a distraction, a costly side show that he estimates loses $2 billion from microsoft a year saying xbox is an orphan, cool product line in a successful consumer franchise but also loses a lot of money and we think it's a distraction to the more enterprise strengths of microsoft. but the chief strategy officer of xbox was on cnbc and talked about the great potential for the xbox one. >> we've been profitable with xbox for a number of years, and the opportunity now as you go console gaming today, 300 million people play games. the opportunity just to grow in the gaming sector is huge. gaming as you know is the fastest gr

josh lipton with the story. >> this is what happens when more people use smartphones and tablets on fasters. verizon now saying it is experiencing higher than expected lchlte data traffic an network stresses in some markets. ceo speaking at a conference in new york said in chicago, new york city and san francisco, verizon is coping with capacity issues. he did say the amount of consumption of video took verizon here a bit by surprise. he said the company will be in excellent position by year end, but the question, obviously, now is whether the latest wave of smartphones and tablets will stress the network even more beyond verizon's expectations. analysts who cover verizon tell me the bad news here is obviously the company is talking about network stresses. the potential good news, they say, is that this would seem to indicate traffic is robust, demand is strong. remember, verizon has historically received high customer service ratings. at&t, though, has narrowed that gap. analysts say verizon will need to do all the company can to maintain an advantage when it comes to brand reputation. ba

apple's ambitious silicon valley complex in the works and josh lipton got an exclusive sneak peek at the physical model. tell us about it, josh? >> yeah, sue. apple's spaceship is cleared for takeoff. the city of cupertino gave the final stamp of approval last night for apple's new campus. take a look at this. we got an exclusive look at the model of what that new campus is going to look like. we're the only tv network that got this video. apple is essentially building a 176 acre park to house its new offices, planting 7,000 trees, building hills and walking paths. the centerpiece the spaceship, this kirk cular office building accommodating 12,000 employees, four stories high and 2.8 million square feet with a circumference of a mile. put the size in perspective for you. you could fit the "uss nimitz" super carrier for the navy and largest warships in the world, fit that inside the center of the ring. apple will pay cupertino more in taxes. apple is already the single largest taxpayer in the city. last year apple generated 25 million dollars of profit tax revenue and bought $4.6 billi

josh lipton is at the shareholders meeting in bellview, washington. how close is the board now to naming ballmer's successor? >> yeah, tyler, bill gates at the shareholder meeting. he gave us no guidance as it to when exactly they would select that new ceo. he simply said the process was going smoothly. he did, though, seem to choke up when talking about his friend, steve ballmer. >> we've got a commitment to make sure that the next ceo is the right person for the right time for the company we both love and our commitment that microsoft will succeed as a company that makes the world a better place. >> reporter: microsoft did grow under ballmer. revenue jumped from $23 billion to $78 billion, but critics say he also missed big tech trends like mobile and social. the stock is big this year, down about 25% under his watch. word mentioned ford ceo alan mu laleh, steven elom, curn turner, and nadella the executive vp of cloud and enterprise. nadella knows the cloud business inside and out. at the shareholder meeting today, microsoft did emphasize, microsof

josh lipton in san jose, another beautiful part of the world with that part of the story for us. >> yeah, 31% of shoppers surveyed by the consumer electronics association said they plan to buy electronics this weekend. that is what could happen. now the actual number could be even stronger. last year 44% of those who shopped over the weekend did buy electronics. economists say this year tech could overtake clothing as the most popular category. most expect to buy a tablet and laptop computers video game consoles and televisions. shawn duebravic chalks it up to gaming and mobile devices and generally improving economy. analysts we spoke to say the hot items this weekend could be apple's ipad, 7 inch android tablets and big screen tvs from samsung and vis yo. back to you. >> all right. stick around. if consumers aren't spending all of their money on electronics what are they buying? will we see a rotation back to clothing and apparel. sara spent time at the mall with a group of teenagers learning where they shop and why and i did the same thing a couple months ago. let's see the teen retai

josh lipton in san jose with a look at that question. >> hey, sue.here is no ceo more closely linked to his company than john chambers is with cisco but he has reportedly indicated he could step aside as ceo as soon as next year. the question for cisco investors has he been worth it? he joined cisco remember in '91, became president and ceo in '95, named chairman of the board in addition to his ceo role in 2006. chambers has enjoyed the perks of the sweet life. his total annual compensation almost doubled to $21 million and 2013 he billed cisco $2.8 million in jet expenses. for performance cisco stock has climbed some 20% this year, over the long term, though, it's more mixed picture and in the past ten years that stock is up just about 6%. but since january 1995, when chambers became ceo it's up some 1200%, way more than the major indexes and he has grown the company from $1.2 billion in annual revenue to $48.6 billion. chambers, of course, would like to leave on a high note. the question is, how bright is cisco's future. analysts say the cloud is a

." >>> i'm josh lipton with your cnbc market wrap.he dow up 23, the s&p adds 6 and the nasdaq gains 14. it's the largest insider trading find ever. the hedge fund, sac capital pleaded guilty to criminal charges and agreed to pay $1.8 billion to settle. and blackberry shares plunged more than 15% after the smartphone make area ban donned plans to sell itself. twitter raised its ipo price to between 23 and $25. it's ahead of its highly anticipated debut on thursday. that's it from cnbc, first in business worldwide. as your life changes, fidelity is there for your personal economy, helping you readjust along the way, refocus as careers change and kids head off to college, and revisit your investments as retirement gets closer. wherever you are today, fidelity's guidance can help you fine-tune your personal economy. start today with a free one-on-one review of your retirement plan. at a ford dealer with a little q and a for fiona. tell me fiona, who's having a big tire event? your ford dealer. who has 11 major brands to choose from? your

josh lipton live outside an apple store in palo alto with more on that. e weren't a lot of people there, and then it looked like a decent crowd was building. what do you see now? >> reporter: yeah, well, here in palo alto, kelly, at the apple store, which just opened the new ipad air going on sale, i can tell you we got here pretty early. it was still dark out. about 20 people on line. i would say now there's around 30, 35. you ask them, what has them excited, they'll talk about the fact the device is thinner, it's lighter. i did also ask them about the price of the device, and some of them said, listen, they use it so much personally and professionally, they weren't really worried about that. let's go over the specs of the device. 9.7-inch display, 10 hours of battery life. weighs around one pound. running the new 64-bit a-7 chip means it can handle more data quickly. the starting price is $499. if you want that deluxe version, the wi-fi and cellar connectivity, you want the 128 gigabytes, that's going to run you around $929. the big question, though, rea

josh lipton joins us now with more. hi, josh. >> reporter: hey, kelly.r the city of cupertino gave the final stamp of approval for apple's new campus last night. here is an exclusive look at the model of what that new campus is going to look like. we are the only tv network that got this look at what is going to be a massive space. the new campus will sit on 176 acres. the centerpiece will be what is being called the spaceship, a circular office building that will accommodate 12,000 employees. the building will be four stories in height and total 2.8 million square feet. that's a mile in circumference. to put the size of this campus in some perspective, you could fit the new san francisco 49ers stadium, which seats 68,000, just in the center of that ring. if that's not big enough, then here's another way to think about t you could also fit the "uss nimitz," one of the largest warships in the world, also inside the center of that ring. there will also be a restaurant, a fitness secenter and auditori. estimates range from $3 billion to $5 billion. resident