. >> host: craig mundie is a research officer for the microsoft corporation. are there privacy concerns when it comes to sharing spectrum space with the federal government? >> guest: no. basically, you know, sharing is a word that implies a lot of people. radius may coexist in a common set of frequencies in no way implies that there's access from one radio system to the next radio system, whether they are to price systems are prior to any government. those are completely resolved and i don't think there's been a privacy issue all. just go in your report, gentlemen, you write shared access should be governed according to a three tier hierarchy. federal received the highest protection from harmful interference, secondary licensees for registered appointments in his database may receive some quality, possibly in exchange for fees and general authorized access users to be about opportunistic access two unoccupied spectrum. could you explain that further, please? >> guest: surer. if you look at the idea of first alone deployed federal spectrum insane okay, you woul

. >> monday is the chief research and strategy officer for the microsoft corporation. mr. mundie, and other privacy concerns when sharing the space with the federal government? >> no. schering is a word that implies a lot of things with a lot of people. -- hsaring is a word that-- sharing is a word that implies a lot of things to a lot of people. it does not imply there is access from one radio system to another one, whether they were two private systems or a private one and a government system. those are completely resolved. i do nothing there is any privacy issue at all. >> in your report, you write shared access to federal spectrum should be governed according to a three tier hierarchy. federal primary systems would have the highest protection. secondary licensees must register deployments and use a database and may receive some quality of service protection, possibly in exchange for fees. general access users could have access to unoccupied spectrum. could you explain that a little bit further? >> if you look at the idea of employing the federal spectrum and saying, ok

. >> host: craig mundie is the chief research and strategy officer for the microsoft corporation. mr. mundie, are there previous concerns when it comes to sharing spectrum space with the federal government? >> guest: no. basically, you know, sharing is a word that as your question connotes implies a lot of things with a lot of people. but in this case the fact that radios may coexist in a common set of frequencies in no way implies that there's access from one radio system to the next radio system. whether they were two private systems or a private system and a government system. those architectural questions are completely resolved, and, you know, i don't think there's any privacy issue there at all. >> host: in your report, gentlemen, you write that shared access to federal spectrum should be governed according to a three-tier hire around ri. federal primary systems would receive the highest protection from harmful interference, secondary licensees must use a database and may receive some quality of service protections, possibly in exchange for fees, and general authorized acces

and facebook hasn't pig out how to deliver advertising to users and microsoft unveiled corporate logos. they were introduced in seattle and boston today, sending a signal microsoft changed thinking about how people are interacting with technology. >> san francisco fire department honored several people for acting quickly to save lives. they included two women that saw a 21-year-old sasha mccanyon collapse while exercising in an apartment building workout room. they realized his heart stopped and they gave him cpr and followed first aid instructions this will firefighters arrived. >> i felt comfortable doing it. i'm so glad we were there to do that. there is no way we're going to let him go without help. we would have done anything for sasha in that moment. we don't know him. >> the chief pointed out though rescuer arrived within minutes of being called, often makes a difference between life and death. >> that is remarkable. >> a way area man proposed to his girlfriend at the spot where the couple met four years ago on cal train in san francisco. >> i thought cal train would be the best

microsoft. tell me how you think the corporate culture at microsoft has determined its fate. >> microsoft has alwayseen a technology engineering company. one of the things steve jobs said that isn't quoted in that book -- or in that article is that, you know, the easy part is the engineering. the hard part is determining what customers want and need. and to a large extent, microsoft does it the other way around. they focus on the engineering, making -- i mean, look at windows vista which is a disaster both on a engineering and a desire stage. it was so complicated and so many of microsoft's products are so complicated. and it's because they're overloaded. they'rer inning centric. they're about getting people to put in things that they think will look good on an engineering basis. >> do you think microsoft will be able to get their mojo back? >> only if they break up the company. >> only if they break up the company. >> there is no way for a company that is competing against everybody where every division is weighed down by, you know, massive bureaucracy and massive amounts of meetings and memos, you

. >> monday is the chief research and strategy officer for the microsoft corporation. mr. mundie, and other privacy concerns when sharing the space with the federal government? >> no. schering is a word that implies a lot of things with a lot of people. -- hsaring is a word that-- sharing is a word that implies a lot of things to a lot of people. it does not imply there is access from one radio system to another one, whether they were two private systems or a private one and a government system. those are completely resolved. i do nothing there is any privacy issue at all. >> in your report, you write shared access to federal spectrum should be governed according to a three tier hierarchy. federal primary systems would have the highest protection. secondary licensees must register deployments and use a database and may receive some quality of service protection, possibly in exchange for fees. general access users could have access to unoccupied spectrum. could you explain that a little bit further? >> if you look at the idea of employing the federal spectrum and saying, ok

. >>> today microsoft unveiled a new corporate logo, its first new look in a quarter century. the company posted the make over on its blog. multi colored square similar to the window software logo. there's also a new font for the company name. microsoft is gearing up to release windows 8 along with a new tab let computer in october. >>> a report finds rod knee king had been drinking and taking drugs before he drowned earlier this year. the coroner says king had pcp, marijuana and cocaine in his system and a blood alcohol level of point 06. investigators ruled king's death accidental saying he either fell or jumped into the pool at his home june 17th. king struggled with addiction in the years following the televised police beating in 1991 that set off riots in los angeles. >>> san francisco's police chief is about to become the highest-paid chief in the country. chief is poised to earn more than $307,000 a year. he'll be getting a 2% raise on september 29th. that's 50% more than the police chief of new york city. the police force 15 times the size of the san francisco's police

steve jobs and bill gates and not from people going in at some big corporations but from going out and founding a business. microsoft was a baby business, apple was the baby business. you want to encourage more people. this administration has discouraged creating small business. to grow in the opposite direction. tavis: i do not think the administration has done enough with regard to small business. they favored big business. many of them gathered in tampa for this convention. they too often favored big business. let me go back to your first part. if you said to the american middle class or the former middle class which make up the ranks of the poor that the reason why they are not employed is because they do not have a good skill set, lots of folks would be offended. many did not downsized or slipped because their skills it was deficient, it is because a lot of greed and other things but it is not because their skills that is all of a sudden did not measure up. >> you have to approach life reim morning either as a victim or an opportunity. that is a big psychological difference in liberalism and conservatism. i hav

the corporations behind it are microsoft, progress energy, the chamber of commerce -- >> what is microsoft get out of this? >> they have one of the biggest lobbying presence in d.c. period. there in battle with other telecom groups. look at what google is doing. google is the biggest rival. google has a tremendous amount of interest before washington right now. they don't want tough online privacy laws to be passed. that is their biggest thing in d.c. right now, with consumers worried about the privacy of their data online, google does not want tougher laws on that. microsoft and google and these folks have to compete. >> how do you find out who is sponsoring these parties? they're not always self of it with big, flashy dollars self evident with big, flashy symbols? the people who know, those who are being honored, that is what matters. >> i have been asking how much the sponsorships cost. none of the -- they won't tell me. if i go in and take photos of these elephants and the sponsorship billboards when you walk into the bar, it has the chamber of commerce on there, microsoft on it, as du

. >>> microsoft has rolled out a new corporate logo. first change in more than 25 years, this sets the stage for a new wave of products designed to cast the world's largest software maker in new light. you will see the name is in a lighter straighter tonight and the red, blue, yellow and green colors used in the flag on the operating system are blockier and now one big block. windows h. will be released in two months. >>> wegman's is doing what it can to help customers save some money. the grocery store says starting sunday, it's freezing prices on more than 60 productions used the most by families. some of the items on the list include wegman's macaroni and cheese dinner just 39 cents and the giant bread is just 99 cents. wegman's boneless skinless chicken breasts $1.99. certain cereal also $1.99 and greek yogurt just 35 cents, for an entire list log on to wusa9.com. greek yogurt? >> that's a deal. >> greek yogurt? >> oh, yeah. i love it. same calories adds the light stuff too. >> not bad. okay. i'm sold. jessica is going to be back to

microsoft, google, time warner, i am. look at mitt romney. goldman sachs, jpmorgan chase, morgan stanley, bankamerica, credit suisse. corporates usually hedge their bets that is why they are on the winning side. we will be back with exurbs from his speech tonight. one of the featured speakers is the oklahoma governor mary foul in. ♪ one. gerri: only four hours away from it romney's biggest speech of his career. neil cavuto is live. could be undersold on the speech? >> is important and crucial. he has a lot of good speakers ahead of him, marco rubio introducing. also clinton eastwood. i know 51 to two come after him but that does help because i go with east would between that or george clooney but it will add to the pageantry and has been well scripted and choreographed to a tipple -- typical business sky running this. these tend to run late, the guest does not show up. it is well ahead of schedule covering bill clinton's convention, while lot of passion, a lot of late everything. that embodied the presidential atmosphere but mitt romney is a stickler for time when you throw a wild card event like clinton eastwood they can fra

. >> which was the way microsoft was for many years and which is the way a lot of corporations in america -- >> and right now, by the way, corporations in america find thethemselves with $2 trillion n the balance sheet and all trying to figure out, what do we do? and are we going to continue to sit on our hands? and in many ways apple is the greatest example of, this they have $117 billion as you said, and by the way, they make a billion dollars more every week, now, you can see this is a glass half empty issue, a half glass full issue but at some point you have to decide what are you going to do with all of this money? are you going to give it back to shareholders are you going to buyback shares and by the way they are doing both of those things right here and still have all of this money lying around so the question becomes, is there something that apple may need to do in the future with the money, to try to help iterate and innovate at that company, and by the way people think of apple as a company that is internally inventive and that's not, they are aren't but historically they have

corporate news. acer wants microsoft to reconsider its planned venture into the tablet market. they argue microsoft's plans to launch their own surface tablet would be negative for the worldwide eco system. acer has a tablet. chesapeake energy earnings fell short but revenue was above. company expects to announce the sale of a key west texas asset that we talked about to help that company's balance sheet within the next 30 face and shares did rise after hours. dream works and chinese partners announcing they will produce the next "kung fu panda" and jointly develop an entertainment center in shanghai. "kung fu panda" 3 is the proposed name. this is big news. >> i know it may not sound like big news. >> why? >> because in the world -- we should have someone like jim o'neal in the world of u.s./chinese business, "kung fu panda" 2 did better in china than here. so what dream works is doing is build the business in china and made all these bilateral agreements to start producing things in china and doing other thing in china to get more of their movies into china. >> popular movie

microsoft and chevron, they're a great choice. >> where are you finding opportunity? >> it's getting harder and harder. we still like corporatesthough again, they moved up a lot relative to treasuries, but we still think investment corporates is a good place to weigh it out. >> what is a yield you like right now? >> what we like is something above the rate of inflation. the fed is targeting 2% inflation. >> etfs that are yielding 4%, or 6% as well. >> if you're getting 6%, you're taking some risks, you need to be careful. >> that's where the high-yield corporate funds are right now. are you worried that more people are in treasury funds or that a lot of people are in high yield because they're in both right now. >>> yeah, i don't think it's a either or thing, people have been chasing yield for several years now. know what risk you're taking when you get that yield. >> kathy, i'll see you in the count down. >> we have a market that is mixed her, the nasdaq is up. >> you may remember this if you're a student of television commercials, william shatner for priceline met an untimely demise a few months ago. he went off the cliff, a

microsoft's paul allen. >> you built this building. >> it's amazing to think, back then, nobody had personal computers. i mean, there were computers in universities and research labs and in corporationscomputers. [keys clacking] >> the cofounder, when 60 minutes on cnbc returns. [ticking] okay, here's the plan. you have a plan? first we're gonna check our bags for free, thanks to our explorer card. then, the united club. my mother was so wrong about you. next, we get priority boarding on our flight i booked with miles. all because of the card. and me. okay, what's the plan? plan? mm-hmm. we're on vacation. this is no plan. really? [ male announcer ] the united mileageplus explorer card. the mileage card with special perks on united. get it and you're in. throughout our lives. one a day men's 50+ is a complete multi-vitamin designed for men's health concerns as we age. it has more of 7 antioxidants to support cell health. one a day men's 50+. so... [ gasps ] these are sandra's "homemade" yummy, scrumptious bars. hmm? i just wanted you to eat more fiber. chewy, oatie, gooeyness... and fraudulence. i'm in deep, babe. you certainly are. [ male announcer ] fiber one. i'm in deep, babe. yo

microsoft's paul allen. >> you built this building. >> it's amazing to think, back then, nobody had personal computers. i mean, there were computers in universities and research labs and in corporations had personal computers. [keys clacking] >> the cofounder, when 60 minutes on cnbc returns. [ticking] you know, i was once used for small jobs. yeah, and i took on all the bigger, tougher ones. but now that mr. clean's got this new select-a-size magic eraser, i mean, he can take on any size job. look how easily he gets things cleaned. it's enough to make you cry. you, specifically. not me. i'm just happy we don't go near rex's mobile home as often. because it's hard to clean or because you're scared of an itty-bitty doggy? [ dog barks ] aah! oh! [ clears throat ] yeah, that was a sneeze. i think i sprayed myself. [ male announcer ] new mr. clean select-a-size magic eraser. lets you pick the right size for every job. [ male announcer ] this... is the at&t network. a living, breathing intelligence teaching data how to do more for business. [ beeping ] in here, data knows what to do. because the network finds it and tailors it across all the right points, automating all the right actions,

scott, has the journal points out this morning, this deal with microsoft to inject $300 million and take share of the -- of the nook corporationnd then take that around the world, that would imply actually a valuation on the stock of around $30 a share which is -- not where we are. so -- what's that mean in -- important that deal? >> well, i think it is something -- >> sure. >> i think it is something, you know, again, it is a little bit of companies positioning themselves against each other. and it is really hard to tell where that is going to go. nook bus is going to take -- go over to britain soon and i think that, you know, lot of areas that they could develop. there are people that bought into the nook ecosystem. barnes & noble's ecosystem. yes, there are tablets that have been really high quality but, you know, i agree that on the points thai think it is just going to be hard to compete with expectation, i think maybe the reason the sales declined is also there have been so much talk about tablets to come that the average consumer kind wants to see what is coming around the bend. and -- you know, the fact that there's ba

corporate and tablets and in notebooks. but in desktops we outline how consumer desktops could be hurt by smart tvs, and that's more hewlett-packard than dell probably there. >> i don't think microsoftrt of your universe, since you're a hardware guy. would you theoretically be bullish pre-win 8? >> we're very much in sync about what's going on, and what we've been talking about as a firm is that windows -- microsoft may have a trade this year, but once they sell windows 8 and get into 2013 where we have another round of ipads, we have another round of smartphones and consumers and corporations have to dip into their wallets, we do see, you know, some slower days aahead once we get into 2013 with the whole pc eco-system. obviously, they're a part of that. >> it's a great report. anybody who can get their hands on it should read it from yesterday. your target and estimates remain steady on apple. >> really like it still. as long as they take share from everybody's wallet, they're okay. >> ben, thanks so much. >> thanks, carl. take care. >> don't forget our twitter question today, as tablets do push some of they see clunky pcs closer on to their deathbed, what's the best use for all th