josh lipton has more. >>> venture capitalists are always on the hunt for the next big money maker andit is here at venturescape where pros are talking about the latest investments. it is a conference in san francisco where the top innovators come together for panels and lots of networking, one big topic this year? is there a tech bubble in silicon valley. values are going higher, air b & b and drop box are both valued at $10 billion. space x at nearly $5 billion, pinterest and uber are around $4 billion. despite these valuations some argue there is no bubble in silicon valley unlike the last tech bubble here, they say. start-ups today are real businesses with real revenues. >> back in '99 most companies were going public, that is about nine years now, you see it in their revenue and level maturity. today, the value is about $106 million, the numbers from 2013. >> venture capitalists invested about 10 billion, that was the highest total quartly in about 13 years. the software industry received the highest level of funding rising nearly 40% from the prior quarter to $4 billion. that was

josh lipton has more. >> reporter: and certain functi functions. for the tech titans, the next big battle is not for your home or office it is for your car. in that fight, apple made news today. pioneer electronics will soon start sell iing five radios tha are compatible with apple's car plate. they allow consumers to use iphones in their cars to make calls, use maps, listen to music and access messages with their voice or touch. the pioneer radios will sell from between 700 and $1400 at retailers such as best buy. >> it really is a matter as simple as plugging into the lightning connecter. >> reporter: in march, apple announced they were partnering with a range of car makers from mercedes to toyota, which will offer a car player this year. but now you wouldn't have as to buy a new car, you can upgrade the car you already own with pie near's technology. >> there are still a lot of consumers that don't want to go out and make investments but they have iphones and want to use them in the vehicle. now to give them the choice to upgrade their radios to

josh lipton has more. >> reporter: trust weight, a cyber security firm investigated nearly 1300 hacks. retailers made up 35% of the attacks, food and beverage ranked second, and hospitality, third. >> they're all similar, they have many locations. they have a lot of transactions from customers going to those locations. and they have a lot of different vendors that are used in those environments. >> reporter: hackers continue to try to steal credit cards but also increasingly going after information such as financial account credentials, internal communications and merchant id numbers, anything they can sell for financial gain. >> that is easy to turn a quick buck and to sell on the black market and to get quick funds. the other is usually used by nation states for obtaining secrets of nations. how they build things, blueprints, black mail, things like that. >> a breach doesn't just mean headaches for a ceo, it can also mean their jobs. a number of ceos stepped down after their companies experienced attacks. in addition to target, aol's tech chief resigned after a breach, as did the ce

cnbc's josh lipton has got the latest on this. josh, you've been looking through this filing. >> yeah. we've been talking about go. o all day and the s-1 just hit. i actually have a camera right here america can check out. so just looking at the fieshlgs melissa, let's just talk about the top line growth this company's seeing. 2011, 234 million. 2012 hops to 526. and then nearly doubles again to 985 million. net income also nearly doubled to 61 million. you talk about this camera and really gopro is the action camera market. you talk to analysts, they've got about 54% of the global market share. and some of the excitement is just because that market is growing by leaps and bounds. it jumped 70% last year. i think what's interesting about founder nick woodman, too, is he wants to take that company in some sense in a different direction, not just as a camera maker but he really thinks, listen, he's got dramatic compelling content that he can leverage as a media company. i talked to mike many pact over at wedbush and he thinks listen,

josh lipton takes a look. >> i'm headed to the park right now with my gopro. >> reporter: soon fans ofro will be able to own the camera as well as the company. gopro publicly filed its initial public offering getting investors their first look at the financials of the action camera maker. the filing shows gopro made nearly $1 billion in revenue last year and $61 million in profits, evidence of how popular gopro has become since its first camera debuted in 2004. it's sin anonymous with the action camera market, which it dominates with a 90% share according to npd, and that's a market that's growing fast, jumping 70% last year. >> they got an array of accessories that allow you to mount the camera to a snowboard, to a surf board, to a gun even, and it kind of falls into this larger theme in technology of personalization and devices that really fit into your lifestyle, and once you kind of capture that into your brand dna, then you have this group of consumers that really are loyal to your brand, and i think that that's what the secret sauce is with go pro. >> they shared the footage with

back to you. >> josh lipton, thanks. pretty much in-line quarter. >> i don't think the stock is rallying as much as it probably should. bookings number represents a 35% year over year growth. better than street was looking for. margins better which is also good. to your point the backdrop isn't particularly great for these. given the sell-off it had, i think it should probably be higher. >> i don't think you go in tomorrow morning and buy this stock. >> do you buy any cloud names? >> no. not in this environment. >> there you have it. >>> facebook striking a new deal but some analysts say it could bring in as much as $1 billion in new revenue. we have details next. >>> why bill fleckenstein says there could be a flash crash any day now. he's here live next on "fast." when we arrived at our hotel in new york, the porter was so incredibly careful careless with our bags. and the room they gave us, it was beautiful. a broom closet. but the best part, / worst part, was the shower. my wife drying herself with the egyptian cotto

josh lipton has more from silicon valley. >>> cisco reporting and charging higher in the after hours.he tech bellwether which makes equipment that directs data traffic across the internet reported q3 results that bested expectations. analysts were looking for eps of 48 cents on revenue of 11.4 billion. cisco reported 51 cents on 11.5 billion. the stock really popped in the after hours though when ceo john chambers gave guidance on the conference call. he guided for q4 revenue to be down 1% to 3%. that still implies revenue better than what the street expects. analysts were curious about the guidance. he chalked it up to a strong backlog and bookings growing faster. he talked about cisco's commitment to capital return. the company returned $3 billion to shareholders in the quarter. josh lipton, cnbc, silicon valley. >>> the latest on cisco, ge meanwhile says it's pursuing constructive talks with the french government on an alstom deal. it also says its plan is to create a world leader as well as creating jobs. those comments come as the french prime minister manuel vols. the decree add

josh lipton live for us in atherton, california. josh?> yeah, this is where $10 million mansions, they sell within days, home to the bay area's elite. eric schmitt, meg whitman, charles schwab. i'll have the details when "power lunch" returns. requires precision and anattention to detail.g it takes knowledge, hard work and a plan. at baird, we approach your wealth management strategy that same way. as an employee owned firm we have the freedom and resources to create customized financial plans built to last, from generation to generation. we'll listen. we'll talk. we'll plan. baird. today is friday today, we greet you. treat you. care for you. today, you can come to cleveland clinic for anything, everything or just to get that "thing" checked out. big, small, and yes, the best heart care in the nation. it's here everyday, for everyone. that's the power the power, that's the power of today. cleveland clinic. call today, for an appointment today. >>> look who's here. >> wee trying to figure out a direction. take a look at the dow jones indu

cnbc's josh lipton joins you from san francisco. over to you, josh. >> reporter: well, sue, certainly big name vcs are gathered today. one question before the house is, is there a tech bubble in san francisco? it's easy to understand why investors would have that question. you've seen valuations of these start-ups just shoot higher, air b & b and drought box, spacex, but the vcs i'm talking to here today, they don't see a bubble. they do, though, say certain pockets of sill chron valley are looking overpriced. scott degreesen says his form is paying close attention to the enterprise space or the start-ups that sell technology to other companies. >> it's an area where we're watching where some of the excitement is starting to percolate into earlier status, so that's an area we're trying to pay a lot of attention to. >> i also caught up with menlo ventures, and his point was if you're talking about a bubble you're probably not into one. if you're talking about -- listen, some of these high-flying startups certainly have a lot to prove

the tech company reports quarterly results after the closing bell in a few hours, and josh lipton isget us ahead of the numbers. we're going to tell you all you need to know when "power lunch" continues. true business-grade internet comes with secure wifi for your business. it also comes with public wifi for your customers. not so with internet from the phone company. i would email the phone company to inquire as to why they have shortchanged these customers. but that would require wifi. switch to comcast business internet and get two wifi networks included. comcast business built for business. >>> let's all sing together now happy birthday to mark zuckerberg. he turns 30 years old today. born in 1984, went on to attend harvard in 2002, that's when he started there. while he was there, the next year he created facebook's predecessor face smash. facebook a year later, left harvard. that same year in may of 2004, and four years later, named the youngest self-made billionaire by "forbes." also "time's" person of the year, 2012 he took facebook public, last year topped the list of u.s. p

. >>> let's send it over to josh lipton, making a rare east coast appearance. >> sully, check out dish, this is in response to at&t's takeover of directv. dish currently trading higher. guys, back to you. >> josh, we'll get back to you shortly. >>> in the meantime we're going to break out the silver briefcase things, from "deal or no deal" but it's our own versions. >> i'm not an outraged person, but this is an outrage. the reason a woman was booted from a trade show, coming up. g . ameriprise asked people a simple question: in retirement, will you outlive your money? uhhh. no, that can't happen. that's the thing, you don't know how long it has to last. everyone has retirement questions. so ameriprise created the exclusive.. confident retirement approach. now you and your ameripise advisor can get the real answers you need. well, knowing gives you confidence. start building your confident retirement today. >>> welcome back to the show, unfortunately howie mandel could not join us today, but that will not stop us from playing our own game of deal or no deal. >> first, to the deal of the

josh lipton in the house. we have tallied the results.t stephanie link, the bull, won the debate on j.c. penney. >> okay. >> you made a great argument. what i find most compelling about you winning is the sentiment on this company is turning, whether it's completely turned, who knows. but there's no way -- i don't know how many people voted in this thing, but there's no way a year ago a bull wins a debate on j.c. penney, no way. >> in fact i would choose to debate the bear so i could rack up an easy win, and now it's not so easy. >> stacking the deck. >> you mentioned best buy, maybe this is a best buy turnaround. we'll see. in a couple quarters, we'll know the answers. >> pete, final trades. >> going to the regional banks, suntrust had unusual activities. >> is that what you think, in terms of investability areas in the financials? >> right. >> are the regionals going to be the outperformers? >> i think right now they were. the big banks have so 3/4 these things out. >> the regionals have gotten hit harder. we actually added suntruth. >>

let's send to to josh lipton live outside the store.reporter: good morning, carl. this probably isn't a scene you might associate with microsoft, but the software giant, it's all new. you have music blaring, the crowd started forming last ni t night. today, microsoft is launching its newest resale store in new jersey. microsoft putting a big push behind its stores. there are now more than 90, and they're launching another 13 by the end of june. inside, you'll find phones, tablets, xbox consoles, as well as other products, dell tablets, go pros, and also a service component. so what's behind the push? ceo satya nadella is serious about a mobile-first strategy, you need a store where consumers can come in and experience the products, and an obvious rebranding effort. when nadella addresses the crowds, he's in a t-shirt and jeans, and kids were lining up for free tickets starting at 10:00 p.m. last night, carl. but a lot of them i were talking to, they were actually here from microsoft, as well. >> i'm here for the opening of the microsoft

bgc's colin, and our own josh lipton. i want to what on earth is she gooding to do with all those proceeds, colin? >> you know, there's three things she can do. it is going to be a mass i have been infusion of cash on the balance sheet. you can pay a dividend, you can buy back stock, and you can do acquisitions. they're very likely to do the last two, to increase their share repurchase and target acquisitions. who knows if they'll pay a different. >> talking about acquisitions, would it make sense to buy aol? >> i think it would. it's obviously gotten cheaper today, the stock is pulling back quite a be. it's in the wheelhouse, there's a lot of overlap. she talks about wanting to get stronger in video. if you combine the views that aol has with about the 600,000 views that yahoo has, it would catapult them into second place. the did i palace and search business has a lot of overlap. it will also give them revenue. they knee to grow the top line. >> i tell you what, josh, license, the ali baba is -- and marissa mayer is get

josh lipton takes a look. >> reporter: jack mott is bringing his company public, but what alibaba's public debut with will mean for yahoo! shareholders is still an open question. yahoo! owns 23% of alibaba and will sell 9% of that stake in alibaba's offering. exactly how many billions of dollars that will net yahoo! depends on alibaba's valuation and various tax considerations. estimates range from $7 billion to $11 billion. but what will yahoo! do with all that money? ceo marissa meier was asked that very question today at a conference in new york city. she said the company will act as a good steward of capital. >> we had previously sold part of our stake in alibaba and gotten proceeds. we returned some of those proceeds to shareholders, a majority of proceeds went to shareholders, but we did make some smart investments in the company in terms of building out talent, technology, and platforms like tumblr. >> reporter: analyst sas yahoo! could use the capital to pay a dividend or increase its buyback program. that would provide support for the stock price and send a message to investors th

josh lipton filed this report. >> it's one of the most anticipated tech ipos this year.nally filing its s-1 and giving investors their first look into the financials of this company. in terms of revenue, looking through the filing, in 2011, revenue of 234 million in 2012, revenue jumped to 526 million. in 2013, nearly doubling to $985 million. founder nick woodman who "forbes" lists as a billionaire, says revenue doubled every year since the camera's debut in 2004. go pro is the action camera market. it dominates about 54% of global market share, according to idc. that's a market that's growing by leaps and bounds. it jumped 70% last year. but woodman wants to take this company in a new direction. he doesn't just want to be a cameramaker. he believes go pro can be a media company, leveraging short-term content and use it as a media brand. go pro has deals with microsoft, for example, there's a go pro channel on the xbox 360. there's another one coming to xbox 1. they think it's a real possibility that go pro could establish channels for cable tv, satellite operators or t

josh lipton, cnbc, silicon valley. >> that's the latest on the gamers. >>> costs weighing, this is the marketing spend ahead of the world cup in brazil this summer. despite revenues jumping, the firm sold more beer in every region, apart from europe. numbers particularly strong in china and brazil. >>> first quarter profit at hsbc dropped by 20%. revenue down at its investment bank unit. hsbc, which is europe's biggest bank, said it continued to experience muted customer activity in the month of april. it did cut operating costs by 2% in the quarter as it continues to look at jobs and close businesses. >>> bank of america holds its annual meeting today in charlotte, north carolina. the ceo brian moynihan expects to face pretty tough questions a week after the company disclosed a $4 billion accounting error that forced it to scrap its dividend buyback plans. two big u.s. pension funds, calpers and calstras plan to vote against the order pwc and the audit committee to protest the mishap. another big mishap. >>> still to come, will tesla's luxury electronics be on the fast lane to asian s

here's josh lipton. >> lg unveiling its newest flagship smartphone. meet the g3.specs for you. it has a 5.5 inch display with quad hd, meaning it has four times the resolution of standard hd, updated camera with laser auto focus, android operating system, qualcomm's latest processor, 3 gigs of ram, 32 gigs of memory. it also comes with this snap-on case that has this circular window. the basic point is, you can run through the basic functions of the phone without having to actually open the phone up. lg isn't telling us what the price will be just yet but the phone they say is going to hit the u.s. sometime later this summer. it will be available on all the major carriers as well as best buy. if you look at lg's share of the global smartphone market, it's at 4% according to idc. different regions, different areas of strength. north america, 10%, latin america, 13%. in asia, just about 1%. but maybe with the g3 and these new bells an whistles lg can make head winds there. josh lipton, cnbc, san francisco, california. >> nbc's brian williams spoke exclusively to edw

josh lipton is live at the big event in san francisco. hey, josh. >> reporter: hey, sue, let me introduce you to lg's newest flagship smartphone, this is the g3. a 5.5-inch display, with quad hd, so four times the resolution of standard hd, an updated camera with laser autofocus, also android operating system, qualcomm's latest processor, 3 gigs of ram, 32 gigs of memory. it also has a snap-on case, you can see it's a circular window. the point of that is functionial. i can assist all the basic financials without having to open up the phone. lg not giving us a price just yet, but it will be coming to the u.s. later this summer, available on all the major carriers, as well as best buy. if you look at lg's share of a gloobl smartphone market, around 4%. north america around 10%, laden american around 10%, but maybe with the g3, they can make some headway there. >>> it looks like it's never been better for ceos. for the first time ever, the meanian pay of ceos top the $10 million. that's the median. that's the finance question of the day. 14%

josh lipton has details. what's going on? >> yeah, this news just crossing from the nba regarding donald sterling and the los angeles clippe clippers. the nba initiating a charge seeking to terminate the ownership of donald sterling. the charges assert that mr. sterling engaged in conduct that's damaged and continues to damage the nba and its teams. the february was will to say the nba says mr. sterling has the opportunity to respond to the charge by may 27. guys, back to you. >> okay, josh, thank you for now. >> 25 minutes to go into the close here. by the way, sugar ray leonard is on next hour. curious to see if he's still potentially interested in this team. so many people have expressed interest. the dow is up now 26 points. the s&p almost 8 and the nasdaq 35 this hour as the rebound across tech and the small caps continues to some extent. >> ralph acampora sees stocks heading for a 25% move lower, 25%. ralph is a noted technical analyst and what he says carries a lot of weight. find out why he's so worried coming up. >>

that's why we sent josh lipton to find out. josh? the big mystery in san francisco this morning. what exactly is inside this giant orange locker behind me? here's what we do know. it's amazon's locker. you can see amazon's logo splashed across it. there's another little sign on there that says, hello, my name is giant." now, i can tell you the locker, it's big. it's big enough to accommodate a car. you could easily get an suv in there or a minivan. in fact, some guys came by a few minutes ago and applied this nissan decal to the locker, as well as this other decal that reads #giantlocker. we know amazon, of course, already operating the delivery lockers in different cities. apparently, there is going to be a promotional event here today. i can actually see some cameras here. and they're professional cameras, the kind of cameras you would use if you're shooting a commercial. apparently, people will come by and use the lockers. we'll stick around, see what else we can find and bring that news as soon as we get it. guys, back to you. >>

josh lipton bringing us up to speed on both. josh?osh lipton. >> from the courthouse, looking forward to that. we'll hopefully get him coming up, but first we'll go to break here. less than 15 minutes left before the closing bell. we've got a dow in the red, down 50 points at this hour. much more on markets as we close out the session and the week. >> now, if you were with us yesterday you'll remember floyd m mayweather, the welterweight champion of the world, has rescheduled with us to talk about the upcoming fight and his interest of buying the los angeles clippers from a man he calls his friend, clipper's owner don sterling. do not touch that remote, if for no other reason to find out if mayweather actually shows up this time. >> looking forward to that. anyone who calls don sterling a friend right now is a bold man. . >>> welcome back. ten minutes left in the trading session here, and just a reminder the dow needed to be up 21 points to hit an all-time high today. >> looks like that won't happen. the dow closing out it looks like

josh lipton, cnbc, silicon valley. >> and sherry atwood joins us from san jose.ations on your success. >> thank you so much. >> i know it was hard fought. first of all, i found it hard to believe that no one had come up with this idea before, given how many people in this country and elsewhere go through the same issues you had to deal with, but you were the smart one who figured it out. >> exactly. it's amazing this hasn't been out there before, but just shows how much opportunity there is to solve problems of people my age that's not out there. >> tell me what it was like trying to raise funds to get this start-up. you are in a neck of at the woods which a lot of people feel is difficult for women just on the surface of it, but you're a woman who is, as you said, not 20 years old, and you didn't just graduate from stanford. so how did you go about getting the funding for it? >> i'll tell you, it wasn't easy. it was hard. i heard no 100 times or more and a bunch of other things that can't even be repeated, but i used that as a mechanism to motivate myself and pr

josh lipton has the numbers for us. stocks on the move. josh? >> ea just reporting.s looking for 11 cents on 812 million. ea reports 48 cents on 914 million so a healthy beat there on the bottom and the top. ea also giving us full-year guidance. the street was looking for 1.52 on 4.1 billion. ea guides for 185 on 4.1 billion. now, on this conference call, you want to hear more insight about how their core franchises are performing. that's madden and fifa as well, as its cost-cutting initiatives. that conference call will start at 5:00 p.m. eastern. i'll be on it and giving you headlines as they cross. kelly, back for you. >> great stuff, josh. thank you. that stock up sharply after hours. groupon's earnings are out. this one we're watching for as well. dominic joins us from the breaking news desk with those numbers. dom? >> kelly, what we've got here is a loss of one cent per share, compared to a three cent per share loss that analysts were expecting. sales or revenues also coming in better than expectationed, $758 million versus average analyst estimates for $738 mi

josh lipton has the details. >> yeah, no doubt go pro is cool, but is it a smart place to invest yourard-earned money once it goes public. the new tech site which nbc universal is a minority stakeholder expects, investors will have to decide if this is a company in which they want to commit capital. billionaire founder nick woodman has said that go pro's revenue doubled ever year. to more than 500 million in 2012. but go pro filed to go public under special rules that apply to companies with revenues under $1 billion. it sounds like there was no doubling of sales in 2013. why? we'll have to wait for the s-1 for answers. go pro synonymous with the action camera market which dominates with a 54% global share. that market is growing by leaps and bounds, jumping nearly 70%. chris chute, an analyst at ibc says there are headwinds. they have to attract more that i diehard -- are or the markets will remain, but woodman has ambitions. he wands a go pro into a media company. the man is certainly there for go pro's content. google tells me that go pro videos have attracted more than 470 million

. >> josh lipton, thank you so much. >>> take a guess. do you think is the best selling product of all-time? the website 24/7 wall street.com cranks the numbers. ipad is number five. it sold 211 million tablets since it was introduced in 2010. the star wars franchise is fourth, $4.6 billion in the bank. it will make more with three additional movies on the way. the toyota corolla is number three. the runner up is the drug lipitor which has made pfizer $141 billion. what is the best selling product of all-time? i was shocked. sto sony's playstation, 340 million units sold. at the next job, next adventure or at the next exit helping you explore super destinations and do everything under the sun. 12 brands. more hotels than anyone else in the world. so wherever you want to be, whatever you want to do, chances are we're already there. save up to 25% and earn bonus points when you book at wyndhamrewards.com. save up to 25% and earn bonus points when folks think about wthey think salmon and energy. but the energy bp produces up here creates som

josh lipton has been following that story and has more from out on the west coast. josh?ah, scott, alibaba's ipo will almost certainly be one of history's largest. the ecommerce joint filing its prospectous last night, giving investors a window into its business. alibaba now controls 80% of the chinese online market, and it is growing fast. its revenue jumping 62% at the end of 2013. yahoo! of course, stands to gain from alibaba's ipo given its 23% stake in the company. exactly how much depends on alibaba's valuation and various tax considerations. stifle says 7.5 billion, cantor says $11 billion. now, what will yahoo! do with all that money? analysts say yahoo! could use the money to issue a dividend or buy back more stock. yahoo! has already repurchased $6 billion worth of stock since the beginning of 2012. yahoo! could also use the money, of course, to do acquisitions. the company under marissa mayer's watch has completed multiple acquisitions, including summly and tumblr. collin gillis of dgc has a suggestion for mayer's consideration, given its strong position in ind

first, josh lipton has the cnbc market wrap. >> u.s. stocks dropping today.ukraine offset a better than expected april jobs report. the dow fell 46 points. the s&p declined 3 points. the nasdaq lost 4 points. that's it from cnbc, first in business worldwide. it really made the difference between a morning around the house and getting a little exercise. hi-ya! and i tried a baking class. one weekend can make all the difference. unlike the bargain brand, depend gives you the confidence of new fit-flex® protection. it's a smooth and comfortable fit with more lycra strands. it's our best protection. take your weekend on with a free sample at depend.com but when we put something in the ground, feed it, and care for it, don't we grow something more? we grow big celebrations, and personal victories. we grow new beginnings, and better endings. grand gestures, and perfect quiet. we grow escape, bragging rights, happier happy hours. so let's gro something greater with miracle-gro. what will you grow? share your story at miraclegro.com. more than your wife... more than

josh lipton is in san jose this morning. josh? >> reporter: yeah, michelle.d news for apple fans. you can turn your current car into an iphone on wheels. in march apple announced it was partnering with a range of carmakers. mercedes, toyota. it will offer carplay. you don't need to buy a new car. you can upgrade what you already known with the pioneer technology. five of its radios will integrate apple's carplay. >> we all know there's a whole lot of vehicles already on the road and a whole lot of consumers around iphones that don't have the financial means to buy a new vehicle. but they may want apple carplay in their car. get a new pioneer radio as early as this summer. >> it allows consumers to use their iphones in their cars to make calls, use maps, listen to music, access messages with their voice or touch. it's easy to use. i get in your car, plug in your car, and plug it in and access this on board display. for pioneer, these radios could boost a hefty share of the in-car radio market. as for apple, analysts don't think of carplay as a direct revenue g

. >> all right, josh lipton, thank you for that. i mean, you can't have it both ways, right, guys?an't see the high valuations in silicon valley, or perceived high valuation, and see a crushing momentum on the street, can you? >> well, i think -- well, you can't. but i think the next time a bubble comes -- and whoever that will be, housing, tech, whenever the bubble comes -- we won't be talking about it weeks leading up into advanced of it. i think that in and of itself dispels the notion of a bubble. if you look at what happened recently, momentum stocks that we talked about in a bubble, they corrected themselves. so i think right now the private market, which we're involved in pretty heavily, i don't think that's a bubble at all. there's a lot of money out there that needs to go to work. very smart people are valuing these companies, and there's money going to work in them. so i think it's business as usual out there. >> joe, jump in. >> i think technology had its bubble, and that was 15 years ago. i think where technology is now, it's in a much better place. look at a name like

josh lipton joins us. first up, apple's head of north american sales leaving. who is it?l anything? why is he or she leaving? >> yeah, tyler, zain roan, the north american sales head is leaving. oversaw sales to companies, schools, carriers. he had not been at apple long, only a couple years. no explanation here of why he left. now, we do know that sales in the america's group last quarter, tyler, grew just 2%, less than europe, greater china and japan. doug beck, he oversaw sales in japan which ballooned nearly 30% last quarter. he's going to be taking roan's place. >> that person had only been there two years. >> right, very quick departure. spoke to apple. no explanation given right now, tyler, as to why he's exiting. >> maybe not such a great fit or whatever. who knows? apple's rival, samsung, replacing its head of its mobile design team. what's behind that one? >> yeah, that decision, tyler, now, it could have more to do here with the reception that maybe samsung's latest phone has gotten. samsung saying that its mobile design head, he's going to focus now on his rol

our own josh lipton went straight to the source talking to some of the vcs and entrepreneurs, to see live in san francisco. hey, josh. >> reporter: hey, carl. yeah, certainly venture capitalists on the hunt for the next big money maker and it's here at venture scape where they're talking about the latest investments. it's a two-day conference in san francisco where top vcs come together for panels, discussions, and, of course, lots of networking. one big topic this year, carl, is there a tech bubble in silicon valley? certainly valuations are rocketing higher. airbnb and dropbox at $10 billion. spacex at nearly $5 billion. pinterest and uber at $4 billion. despite the lofty valuations, the ones i'm talking to say they don't see a bubble. the startups today they say are real businesses with real revenues. >> back in '99, most companies were going public after about four years. today, that's been elongated to about nine years. and so, you see this in their revenue and levelled maturity. annual average revenue for a company going public in '99 was $12 million. today, it's about $106 mill

josh lipton has more. >> reporter: during cupertino, california where apple did announce with will buyllion. i had the opportunity to speak to apple's tim cook and eddy cue as well as beats co-founder, jimmy iovine and dr. dre. cook telling me it will be acreedive in fiscal year 2015. why do this transaction? cook told me first and foremost, this is about the music, a company that has a history, a heritage of placing emphasis on music. this is still a company that sits at that intersection of technology and the arts. cook telling me there is no berlin wall between apple and los angeles. it's also about the talent you're bringing on board. dr. dre, jimmy iovine who knows this company very well. jimmy iovine talked to me about how much he knew steve jobs, how close their friendship really was. if you look at beats and the two separate divisions, beats electronics, let's start there. tim cook said they did 1.1 billion in revenue, that division. beats electronics. important to remember, this is a company that dominates that head phone space, controls about 52% of the high end of the head p

take a look at sysco shares of almost 7% popping after reporting earnings, and josh lipton is diggingr us. josh? >> yeah, kelly, so cisco is reporting after the bell, and you saw q3 they beat on the bottom and the top and now on the conference call john chambers giving some guidance here. q4 revenue guidance, chambers saying down 1% to 3%, but that implies revenue of about 12 to 12.3 billion that was better than what the streets were looking for. analyst thought q4 revenue would clock in around 11.8 billion so clearly that news pleasing the analyst. we're on the conference call and will bring you more headlines as we get them, kelly. >> thanks very much, sir. mobile gaming sensation flappy bird, it took the world by storm when it launched last year. over 15 million downloads. it became the most downloaded free game in the ios app store and so popular that many were angered when flappy bird was removed in february. the app still isn't available again and joining me in an exclusive interview to talk about flappy bird's success and why he pulled the game is founder don with en. >> thank

josh lipton following the story for us from silicon valley. josh. >> reporter: what alibaba's public debut means for yahoo! share holders is an open question. yahoo! owns 23% of alibaba and will sell 9% of that stake in alibaba's offering exactly how many billions of dollars that will net yahoo!. it depends on the valuation, various tax considerations. estimates on the street range from $7 billion to $11 billion what. will yahoo! do with all that money? yahoo!'s ceo marissa mayer was asked that question at a conference in new york city. >> we had previously sold part of our stake in alibaba and gotten the proceeds. we returned some of those proceeds to shareholders, in fact, the majority of proceeds went to shareholders and we did make some smart investment in the company in terms of building out talent and technology and platforms like tumblr. >> analysts say yahoo! could use the money to pay a dividend, increase its buyback program and yahoo! could use the money to continue doing acquisitions and mayer would have to be careful when choosing

josh lipton in cupertino with the details. what can you tell us, josh? ?nia, where apple is just announcing that it's acquiring beats for $3 billion. i just had the opportunity to speak with apple's tim cook and the beet co-founders jimmy ivy and dr. dre. they, by the way, will be joining apple as employees. now, this transaction, kelly, is expected to close in q-4, cook telling me it will be accretive in fiscal year 2015. i asked cook why he decided to do this deal. started talking off about the tradition of music in this company. we know steve jobs, of course, lived and breathed music, cook telling me they did $35 billion in songs that were download. why beats in particular. cook told me, first of all, it was the talent here and jimmy ivy and, remember, he called this a cultural affair. ivy has known apple a long time. talked to me about how much he had known steve jobs, the friendship he had had with him. then went through the different divisions. beats electronics did 1 billion in revenue last year. remembering that head phone segment. this is a segmen

salesforce.com is out wednesday is and josh lipton has the numbers. >> sales force just reporting, letthose numbers. they report 11 cents on 1.23 billion of expectations on 1.2 billion. guidance, sales force saying expect eps of 11 to 12 cents versus expectations of 12 cents. saying for revenue, look for 1.29 billion, street looking for 1.2 billion. deferred ref, new up 34% to 2.32 billion, subscription up 36% to 1.1 and 5 billion and services up 50% to 79 million. the conference call starts at 5:00 p.m. eastern and bring you headlines as we get them. kelly, back to you. >> the initial read here for the market is positive. shares up 1.3% in after hours trading. marc benioff is speaking exclusively to jim cramer about the results and that's at 6:00 p.m. eastern. >> straight ahead, the debate on the can i is whether growth will pick up or remain sluggish. forget all that tuck, a recession is beginning right now. a contrarian position next. plus, a fund manager bill miller told me last month that conditions for a bad market don't exist. found out if he still feels that way in our exclusiv

josh lipton is looking into whether history is about to repeat itself and joins us now. josh?s silicon valley partying like it's 1999, one question for venture capitalists. you look at valuations of some of the startups and they have been rocketing higher. palantier at 9 billion and pinterest at 4 billion. you talk to some and they say startups today generate a lot more revenue and the technological landscape has changed providing a lot more support and opportunity to the startup scene. >> if you think about mobile, you have android and apple which allows people to start selling to 131 plus companies on day one and think about social as a platform that allows to you reach billions of people, again, leveraging facebook and twitter. >> bottom lines, not a lot of bubble talk. these pros are much more interested in talking about their investments rather than speculating about the next tech bubble. kelly, back to you. >> yeah, josh, they want to be part of it, at least on the way up. thank you for now. let's get reaction with our panel. john steinberg, maybe this would have been mo

let's get to the panel, josh lipton is in town. welcome, sir. stephanie link and our own robert frank. for more on today's market action f-fun trader brian kelly. brian, you mentioned this in your note this morning saying you're worried about target, about retail, about the consumer and s&p more broadly. so then what's -- why today are we still so strong here? why didn't the market care about the fed minutes? why didn't it care about any of that and we just keep powering forward? >> the market keeps powering forward. i think a lot of it certainly has to do with -- you just had larry mcdonald on this hunt for yield so you certainly see some of the names that have big yields doing well. you haven't seen the s&p, the broader market adjust yet. i happen to be in the camp that i think we are going to see that adjustment. not necessarily saying we're going, to you know, fall into the abyss or we're going into recession. seems is to me that the s&p price earnings ratio hasn't adjusted to the slower growth that we're seeing. >> do you agree, stef? >> we

josh lipton is in the valley with a test drive. josh?titans, the next big battle isn't your home or your office, it's in your car. and in that fight, apple is making news today. pioneer electronics will soon start selling five radios that are compatible with apple's car play. the technology allows consumers, remember, to use their iphones in their cars to make calls, use maps, listen to music, and access messages with their voice or touch. the pioneer radios are going to sell for between $700 and $1,400. and retailers like best buy, i'm in here, in march, apple had announced it was partnering with a range of carmakers from mercedes to toyotas, but now you'll have to buy a new car, you can upgrade the car you already own with pioneer's technology. >> there's still a lot of consumers that don't want to go out and make a new investment in a vehicle. but they have iphones and they want to use those in the vehicles. so now, giving them a choice to be able to upgrade the radio that's in their car to one of these new pioneer units and get apple