mobile.hat mobile focus is hurting the company in the short-term. revenue was up 40% year-over-year to $4.2 billion. it is slower than the growth rate of the prior quarter. more buyers are shopping on mobile. ali baba is also dealing with a recent chinese government report accusing the company of allowing fake goods and fraud to sell on its suite of websites. earlier betty liu spoke with the chairman from hong kong and started asking him about ali baba's mobile strategy. >> we had a very good quarter. if you look at the growth and the metrics that we really focus on, it is gnv and active buyers. o nan a gnv basis during this quarter we grew 49%. we now have 334 million active buyers on our platform. these are consumers coming to our platform day in and day out to buy things online. we are very happy with that result. on a net ad basis this quarter we added 27 million new active buyers. a lot of that is driven by the user engagement and activity on the mobile platform. >> let's talk about mobi

in mobile revenue.s is a substantial number. >> on other developments, speaking about mobile, yahoo! saw some good mobile revenue growth a day ago. marissa mayer has now spun out her alibaba shares into spin co. would you have any interest in buying all or part of spin co.? >> we don't anticipate buying into an agreement with yahoo! or spin co. this is their right to do. the board obvious. they decided to do the spin off. operating the business day today, we have a 15% shareholder in us. that's yahoo! it really doesn't change anything from our perspective. but i would like to just take this opportunity to thank mercer mayer and also -- marissa mayer and also jackie greases. they have been great partners over the last couple of years. >> i know you are a great eel maker and you have made lots of great deals for alibaba. is yahoo! on your radar at all? >> we are very focused on our business in china. if you look at the deals that we do in terms of investments and m&a activity, over 90% of them are focused

they have 340 million active buyers but more shopping on mobile, ads on mobile generating less revenuethey're also dealing with a recent chinese government report accusing the company of allowing fake goods and other fraud to sell on its suite of websites. earlier, betty spoke with ali baba banker joe psi. >> on the monetization rate we reported 1.96% which has been trending up. one thing to remember about mobile is we have now 265 million monthly active users coming to our mobile apps to buy things. so that's a very, very good result, especially in light of the net add. we added 48 million monthly active users in this quarter. so we believe that as long as you continue to attract users on mobile to buy things, to engage on your platform, at some point, monetization will follow. and one thing i would like everyone to remember in the fourth quarter, ali baba generated $1 billion u.s. dollars in revenue. so this is a very substantial number. we broke that $1 billion mark this quarter. >> joe, on other developments, and by the way, spoking about mobile, yahoo saw some good mobile ad reven

now looking at mobile we -- looking at december, we had 265 million monthly active users on mobile.now about 42% of our total gmv is coming from mobile. we're very excited about that especially fleetlight of the fact in the last three months we added 48 million monthly active users on a mobile app. and these are users that are coming in day in and day out to purchase things on mobile device. in that transition, you know we have covered that issue on the call. our mobile monetization rate is lower than our monetization rate on the desktop computer and that's why that has affected revenue there i guess the key question, joe, will that continue? is the transition -- as the transition continue is it your expectation the monetization will move up on pc or expect a lesser rate of growth when it comes to monetization and overall revenue growth, i guess, of the company? >> well we take the long rue inview in transition to mobile. the first thing we focus on is user growth and engagement. as long as we zero bust growth of monthly active users going up to 265 million a month, that is a very v

topic number one, mobile. >> this shift to mobile is obviously two sides to the coin.monetization rate, it has been trending up over the last few quarters. the one thing to remember about mobile is we have now 265 million monthly active users. that are coming to our mobile apps to buy things. that is a very good results especially in spite of the net ads. we believe, as long as you continue to attract users on mobile to buy things, to engage on your platform, at some point, monetization will follow. one thing i would like everyone to remember, in the fourth quarter, alibaba generated $1 billion u.s. in mobile revenue. this is a substantial number. we broke that $1 billion mark. >> on other developments, speaking about mobile, yahoo! saw some good mobile ad revenue growth in their quarter just a day ago. marissa mayer has now spun out her alibaba shares into spin co. would you have any interest in buying all or part of spin co.? >> we don't anticipate buying into an agreement with yahoo! or spin co. this is their right to do. the board has obviously decided to do the sp

mobile.s up from 53% in the year ago period. so total mobile ad revenue continues to rise and also stronger than the mobile ad growth wall street analysts had been expecting. shifting gears to the user numbers, monthly active users coming in at $1.39 billion. that's up 13% and that's a hair stronger than projections. daily active users, 890 million. that's up 80%, and then of course, mobile growth actually is growing faster than total growth. mobile monthly active users up 26%, 1.19 billion. it's amazing, almost 1.2 billion people use facebook on mobile devices every month and then mobile daily active users, 745 million. that's up 34% year-over-year. so strong growth across the board. really driven by mobile. total mobile ad revenue has doubled in the past year. kelly? >> wow, julia, thank you very much. just so everyone is aware, facebook traded down initially. now it looks like it's positive on that report. we'll get more reaction in just a moment. first though we're just going to sneak in

>> by using a mobile device?affect businesses because it is a vector into their bigger network. anything that is a vector into your network is something i think you will see people pay more attention to when 2015. look at the overall risk of not just our firewalls and are systems, but what all the things connected to that? that is really what the internet of things is about. manufacturing plants are connected to the internet. elevators are connected to the internet. and our mobile devices. anything connected to a network how do i protect that? >> companies prepared for attack? at this point it is not if, but probably win. are they coming up with plans? delay have procedures in place to deal with the tax -- do they have procedures in place to deal with attacks? >> you have the oil industry and gas industry paying more attention to what you have. what if this happens? it is not just about denial of service or theft of information. we are seeing destruction of hardware. we are seeing destruction of data. i think you

we look to award teams that have wrought their mobility systems -- brought their mobility systems alongnough to be recognized. an important part of these prizes is we are looking to have the reward match the risk curve. if you wait till the final prize and you are actually on the moon, the reward curve is a huge hockey stick that is all at the end and we are looking to and sent -- omvincent these teams. > it seems like it really challenges the mind. thank you very much. how can artificial intelligence help dealmaking in silicon valley? why tech giants are relying on artificial intelligence to make analysis about private companies. you can watch us on bloomberg.com streaming, on amazon fire tv, and apple tv. ♪ >> i am cory johnson and this is "bloomberg west turco -- "bloomberg west." how is ai being used to quantify the new world order? your business is very interesting. i think of it as dun & bradstreet web powered by computers. >> the modern version. >> is that fair? >> that is fair to say. >> you have bots that scrape the world of information for what? >> private companies are gettin

it's difficult to pin town and it's mobile. in its views, it speaks to a left-wing audience, but conservative at the same time and i think it's a reason why people might be interested in the channel >>> with russia facing a rouble crunch and economic troubles at home, related to confrontations with the west the stakes in the war are high. you can expect that the big battle in 2015 will continue to be over the future and the story of ukraine. >> what we see now is that everyone - i'm talking about everywhere - russians americans, europeans - everyone is sort of wearing cold war goggles now. it's bad for the communication between nations. so what we are trying to do and guess all other media has to do is show more of the shades of the situation, to provide more context, and to ask relevant questions, get to the route of the situation, to get to the core of the conflict. >> the most dangerous thing that happened this year in the russian media is not the neutralization of the media, but the seeds sown among the people. for politica

from applying mobile requirements from mobile broadband. f.c.c. has always acted in accordance with that and upheld that mobile broadband is not regulated by title 2 and cannot be, according to the explicit language of congress. >> thank you. i know my colleagues have given some credit to the chairman of the subcommittee on movement. i'm a paid pryor at thisization -- prioritization guy. that's where i come from. i have been at the point if you're going to make the $30 billion of investment every 18 months to upgrade the pipes, you got to have revenue to do that. you got to have a business moddle to do that. my whole position in this has not been limited and government control of the existing pipes but encouragement expansion of more. so -- that was then. this is now. we are in a new world order where i think we have now looked at the debate and said, business vs. done that, too, and said, hey, we need to get this monkey off our back. we need to get some rules. some certainty. so again credit to the chairman by saying, ok, let's go back to the pre

mobile.s cool these days for companies to talk about what they are doing on mobile. there is a lot of growth there. the fact is your ad rates on mobile are lower than they are on desktop. is it a great move for growth for alibaba to encourage their shoppers to go mobile? >> this shift to mobile -- obviously there are two cites the coin. on the monetization rate, we reported 1.96 miss -- 1.96% monetization. the one thing to member about mobile is we have 255 million monthly active users that are coming to our mobile at to buy things. that is a good result especially in light of the net app. we added 48 million active users in this quarter. we believe that as long as you continue to attract users on the mobile to buy things and engage on your platform at some point monetization will follow. one thing i would like everyone to remember, in the fourth quarter, alibaba generated one billion u.s. dollars in mobile revenue. we broke that $1 billion mark this quarter. >> on other developments, yahoo!

in 1993, congress exempted a future bond voice mobile services like mobile broadband from the common regulation. it did so unambiguously. given our industry's greatest success with mobile broadband outside of title ii we have significant concerns of how the 682 pages of regulation would apply. the commission and the courts have repeatedly found that wireless broadband is not a common carriage service. they lack the statutory authority to change the course and litigation would harm consumers with a year or more of uncertainty and delay. as leaders across the globe try to replicate the mobile success and embrace 5g this is the wrong time to inject uncertainty into the nation's efforts. we risk falling behind when the stakes have never been higher and the connected life and global competitiveness are more within reach. a better approach would be for congress to act and end the debate. doing so would free us up to turn to the bipartisan issues that the spectrum reform and modernization. by acting congress can help ensure the united states remains the most dynamic and innovative mobile sy

if you are trying to go mobile, a company that is not have a suite of mobile products is going to sufferthese new technologies have been adopted by younger companies and company who are willing to take the risk of a technology that might not be perfectly secure or totally mature but they are willing to go out and build components for that. sometimes those things are destructive or they are painful for incumbents who have a certain profitability and business model they have built up over the past 20 years. >> let's run through some of those categories, starting with enterprise security that you guys have focused on a lot. >> security is obviously we're -- we are going through the sony hack at the end of last year. it is probably one of the biggest scenes here that we're seeing. security has always been a problem or an issue for enterprises, but historically, these threats have been burglaries or thefts of a few credit cards. the sony hack could have torn the company apart. cyber threats are elevates themselves to the level where they are company destructive. >> is the same dynamic in plac

they put three different executives in charge of mobile video. where aol comes to the business, aol has programmatic ad technology. in other words a form were now the rhythm decides where certain advertisements are placed. sort of advertising 2.0. not relying on human beings to make ad decisions. you rely on computers to do that. you can package that with a mobile video service and all of a sudden your content stars to generate money. that is the idea for verizon. whether they get into a partnership with aol or somebody else or a straight up acquisition has yet to be seen. >> i know they have made mobile video a big part of their partnerships. there nfl partnership. they had highlights for the 49ers this year. >> great highlights. >> it has been a big part of the platform for the last two years. what is different today? >> the idea here, cory, is what verizon has not released yet and we are seeing it today in essence. a package where you can just get your tv service over your phone and you do not need to pay for cable anymore. that is what dish i

mobile keeps changing.'s always a new device, a new operating system you have to keep up with. >> android has been android without updates -- with updates. the tablet market has been dominated by the ipad since it came around. why is that change stifling growth? >> it seems like every quarter there is a new tablet size and a new way to consume information. there are multiple operating systems in the first place. ios and android, that is more than there used to be. mobile is more complex, faster changing, and more expensive for applications to penetrate. as soon as the world gets around to the idea that applications should be written on a platform and then taken to mobile as a set of drivers instead of build is a series of silos, we will see the mobile revolution come due. >> it seems your business is really about consulting and lots of bodies being put to work as consultants for you. where does the scale show up in your operation? >> it's about getting your applications rapidly deployed. dallas, fort worth,

>> what we're seeing right now is a shift to mobile.t cablevision has done is they are trying to get in on that turf. they're trying to find a way to the mobile device is of that growing data stream. the cable industry has already won the broadband war. you cannot get broadband everywhere. >> and kind of only on cable. they do on that business and we are seeing attempts at consolidation where almost half the people in america will get their high-speed internet from one single company. >> they already have regional monopolies. you do not seek cable companies competing in different areas. every area has a carved out region. they are competing with at&t verizon, etc. some are losing because they do not offer content. you can pay time warner cable and get your television channels. >> could this wi-fi only really replace -- that extra 10% is where you want that phone to work as well. >> if you are online all the time it will not work out. >> god forbid you are somewhere in the car. >> they want to target places with what they call wi-fi rich

to achieve this mobile ad result. it really is amazing. >> you can change a fan belt why the engine -- while the engine is running. building on your work of course. >> it is remarked will. when i left facebook, we were not even close to monetizing mobile. it was very much a growth product. consistent with mark's comments about trying to reach the whole world. we were really focused on reaching users, new users by mobile devices -- it was probably the only device they had access to. mobile products that would reach to the ends of the earth not focusing on monetization. at the same time, i am not surprised by facebook's ability to get numbers in this category. >> there were 5 million mobile only users. i calculated the percentage of active users, it was 37.8%. well over a third of the users. 30%. only a mobile. was there a believe in the early days that this is where it was going? or that we should give our toes and see what happens -- deip our toes and see what happens? >> hearing about facebook growing in the u.s., so

only on mobile. was there a belief that that is where the world was going or we had better see what happened? >> it was a combination early on of initial inbound demand. people hearing about corporations and other users hearing about facebook growing in the u.s. and wanting exposure to the product. some of it was inbound initially but a lot of it was in early recognition on the part of mark and the management team. this was the way that users outside of the u.s. and canada were going to first be acquainted with facebook. it really blew open with the advent of the smartphone. the iphone and the developer platform. >> what was the thing that mark said he wrote on the phone, the letter on the s1? >> it is remarkable. the phones that are being developed today, the network infrastructure that enables you to watch brand ads or other types of native content in this experience is remarkable. the fact that mark wrote this letter on the phone is not surprising. the hardware and software is there and facebook h

>> apps are the dominant way now of using mobile to access the internet.present about 80% or so of all of the time spent with mobile devices. if you look in terms of the total time spent on the internet, it's 52%. it's the key to getting on the internet it seems and both an opportunity and a challenge at the same time. >> what apps have risen in popularity? which are the most popular apps from a time and engagement perspective and has that made market changes from last year? >> there's been a lot of growth in the likes of uber, lift, tinds er, a dating app that's grown 700% plus. the big one in terms of absolute number of users is facebook messenger since facebook separated from their regular a app. that's up to 75 million people using it in a month. >> when you look at the numbers, yahoo! ranks pretty high, number two still, even though facebook is breathing down their necks. what accounts for the fact that we're not seeing that flow through to yahoo!'s bottom line the way someone might expect. is it people going to mail and kind of low engagement uses li

in 1993, congress exempted future nonvoice mobile services like mobile broadband from common carriagedid so unambiguously. given our industry's great success, we have significant concerns of how title two and the 682 pages of regulation would apply. and litigation would harm consumers with a year or more with uncertainty and delay. as leaders across the globe are trying to replicate our success and embrace 5g this is the wrong time to inject uncertainty and delay into our nation's efforts. we risk falling behind when the stakes have never been higher in our connected life and global competitiveness are more within reach. the better approach would be for congress to act and end this debate. to do so would free us, spectrum reform and modernization. by acting, congress can help ensure that the united states. thank you for the opportunity to appear on today's panel and i look forward to your comments. >> you've blessed us with really good thought starts. some of you like what we're doing, some of you don't. i think we can all agree on the principles at stake here. it's a matter of how we

the sfpuc to execute a master license for the tenant pole installation between the city and side mobility for the term of 12 years. >> well-being. >> thank you barbara for the sfpuc i'm here to ask to that you recommend the license agreement to the full board this license agreement is the third we have brought you to many october of 2014 our commission approved this revenue generating license program which includes a master license agreement and authorization to 9 general manager to execute the m l a the master license agreements the two prior were approved in december and the master agreement has a 12 year term and may generate revenue in the amount of $12 million this agreement with mobility will show over others 12 year period between 10 and $15 million in revenue for the puc we ask that u the items before you be amended to be consistent that the action taken in december that that amendment specifically will go add a resolve clause that will say further roasted in the amendment to have the fund for the street light program and be it further that addition were comfortable were made by s

what were these resources and how would we mobilize them?obert nathan was on the war production board. as early as the fall of 1940 at the advisory commission we began to come up with bottlenecks under a total mobilization of the economy a fully-employed economy. it was clear we needed more aluminum and would need more steel. i remember when these results came out. we told the steel industry that a fully-mobilized united states would need more steel. they said, "you're crazy! "we've gone through a decade with phenomenal portions of our steel capacity idle." during the depression, the american steel industry limped along at 20% of its capacity. by 1941, the mills were working overtime, pouring out steel for tanks, guns, and planes. we would need new steel mills, open new factories create new jobs. the american economy had gone to war. the japanese attack on pearl harbor brought america into the shooting war. americans left their homes and jobs to fight overseas. still the explosive economic growth continued. everybody that could work worked.

the mobility part.u have the imaging. >> you want to be able to send back video, pictures, and data in a way that everyone can take in. as part of the google lunar x prize, they have to send back a moon cast of images, panoramic and interviews that prove they can do strong imaging from the surface of the moon. >> tell me about one of the innovations rewarding today? >> one of them is for mobility most people think of spacecraft that go to the surface of another body, and other planets as something that roles on wheels. it is not the only way. people have spacecraft that hot from place to place. they have spacecraft that literally flying from one spot to the next. and not just roll on the wheels or treads. we look to award teams that have brought their mobility systems along far enough to be recognized. i do want to mention that important part of these milestone prizes is we are looking to have the reward match the risk curve it. if you wait till the final prizes run until you're actually on the moon, th

whether it is mobile or cloud, another attack surface.ese new attack surfaces, they don't see them as much as some of the younger companies like lookout, for example, who are completely focused on the mobile side. >> infrastructure, something you know well from your days at cisco. i have a hard time figuring out which infrastructure companies matter and which ones don't. >> again, you have to look at the underlying themes that are transformative. disk-based media to flash. it was a consumer trend. it is now becoming an enterprise trend. >> the solid-state drive that made the macbook air so skinny is happening at the back end. >> these are big storage systems. few companies have taken a big risk -- they say we're going strictly with flash. >> a few years ago, people would have pooh-poohed that idea. today they are doing great. there you see fundamental transformative themes that are happening in the infrastructure business. >> one of the reasons it is happening quickly the s the data architecture is changing. you can write to multiple driv

this is the company that spent more trying to attract customers on mobile phones. the company's executive vice chairman said he believes there's strong growth potential in mobile. >> we take the long view in this transition to mobile because the first thing we focus on is user growth and user engagement. so as long as we see robust growth of monthly users, up to 265 million a month, that's a very large number and net add of 48 million users in just a matter of three months. in the long run, we see that whole mon tieization is going to slope up. >> 9% to $91.81. ford's report similar, earnings topped estimates but revenue slightly below consensus. the auto maker maintained 2015 profit outlook but the company said the loss in europe would be wider than previously thought for 2015. still, shares 3% higher to $14.85. jet blue's profits soared in fourth quarter as it benefits from lower fuel costs and expenses. investors seem to ignore that with shares up 9%. >>> polty groups. new orders closings slight yes, sir this shares popped 6%. 22.81 at the close. and posted a be

i think you'll pick sprint or t-mobile and t-mobile looks a heck of a lot better than sprint.ould say that that is not the play. that they're -- it's almost like -- i don't want to say death by a thousand paper cuts, but they're spending little bits here and little bits there. yes, they can afford it -- >> everyone talks about them being as search provider as a one-trim pony. they're trying to dabble in a bunch of different things -- >> they're trying to subsidize wireless data to get people searching. that's how they get paid. in some ways, it's actually kind of brilliant. they're not going to buy sprint or t-mobile, because those are debt ridden and poorly run companies. >> you know, last year was not a great year for google. i think it's such a compelling valley. you call it a one-trick pony. that's a hell of a pony at this price. >> i'm long it. even when you come off of 70%, 68%, 66% is still a hell of a lot right there. the nearest competitor is way, way digits lower. >> i would rather, though. i self-rathered. i would rather that they didn't -- i didn't get in hoping th

to mobilize people was risky. once a drinking crowd emerged, could you never be sure you would be able to restore order and put the genie back in the bottle. new york's culture of socialability could never be solely the province of the polite polite. while the late pauline mayor argued that the stamp act crisis taught new york's resistant leaders to try to contain disorder it must have been clear they couldn't rely on these wishful, genteel standards as a way of directing the revolution. taverns tapped into atlantic net networks networks. on november 25th, 1765 the leaders of the stamp act resistance called a general meeting of the free holders at george burns' tavern. persons of all ages, ranks, were welcome. so in other words this was an attempt to restore order to the stamp act protest by saying we're going to meet at a tavern but we'll make sure we keep things orderly. it's not going to be like the demonstrations on november 1st where things got out of hand. you see similar things happening in boston. in a new

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all you hear over and over again is mobile, mobile, mobile.s somebody who thinks about the airwaves all the time, what i hear when i hear that is spectrum, spectrum, spectrum. >> there is an option going on right now that was expected to be good, but it has already raised $45 billion. in history of spectrum auctions only $50 billion has been raised. why this amazing success for what was not seen as the best possible spectrum which cannot go through buildings or is not the best in urban areas? >> and cannot your own lives. we have more mobile phones in this country than people. we like them more. more than half of adults have tablets or you readers. those devices use our airwaves like never before. some of the most important infrastructure we have in this country is now invisible. >> in particular with this option, i don't know how long this will go on for -- >> i think it will end in the next few weeks. >> the carriers -- buying spectrum is just the beginning of capital expenditure. what is the feedback that you get from carriers on what they

mobile apps. the increase of mobile app downloads, 43%. people are continuously connected.lows retailers to connect. downloading the app it means we can to indicate with the customer. it used to be we were reliant on billboards and flyers. we did not know what would happen. now we can send messages directly to the customer. the relationship with the customer has increased. this has forced us to create more rest areas without let's. -- with outlets. >> can i ask you about your business in france. the regulatory environment. the economic minister has been presenting to parliament a new bill. permission granted for construction of shops and malls. is that something you are focused on? >> we have an 8 billion pipeline. it is to be very much encouraged these steps to deep regulate and create a dynamic feel for the environment that has not succeeded in terms of liberalism. >> do like the bill? >> we like it overall. i think we are positive. you look in the u.k., it works. because people want it. >> the huge mall near me -- how do you look at the u.k.? i looked at your geographic

the use of mobile shopping apps exploded in 2014. a firm says the use of shopping apps grew 174% between 2013 and 2014. the data shows consumers were opening up those retail apps a lot more during the lunch hour and after dinner. it's not just shopping apps that got a lot of use. overall, all kinds of mobile apps saw usage increase of 76% on average. >>> at&t is offering a new option to consumers with unused data. starting january 25 the data stash plan will be made available to millions of users on the mobile share value plan. they will be able to roll over up used dad tata from the previous month. >>> more older americans are choosing to take on encore careers instead of going into retirement. >> reporter: this woman spent over 40 years in publishing before deciding to retire in 2009. >> publishing world was changing. it was becoming more digital. the focus was changing. it was just time for me to make a change. most of the shelf and this shelf are actually books that i worked on. >> reporter: the change she made was not a transiti

they are 90% of mobile. if search moving to mobile, they own mobile right now. that is where they are. >> that is where they are. >> yeah. but where they grew revenues by 20%. how many other companies as mature as this? >> i am okay owning what is considered dead money for a while. if it continues to build a ridiculous amount of cash. i wish they would spend that cash. >> tell me what the catalyst will be for google. >> i really don't know. i don't think it is dead money necessarily. i need growth. i am not seeing growth. >> they are at 90% now. why are we not selling apple? should we sell everything? >> they do have growth. >> the catalyst of the iphone 6. >> this is what i will say. we said the stock near 550. going into the numbers, i think have you a chance to buy the stock back a little lower. i don't think they will deliver anything earth shattering. but i think it does lack the catalyst. the bar is very low. good setups to own a great company. >> and you are watching visa. >> visa has made an incredible run since last fall to the level that it is. kind of

that's what the earlier mobile phones were called. it's a full 30 years now since the first mobile phone call was made here in the uk. our technology correspondent has this report. >> reporter: remember when this was the only way of making a phone call if you were out and about. all of that changed just after midnight on new year's day, 1985. michael harrison sneaked out of his family's party in surrey and made his way to london's parliament square. there he made the uk's first mobile phone call to his father sir ernest harrison chairman of a new firm. >> my father was at his home down in surrey. when he answered the phone, i could say to him, hi, dad, mike here, happy new year this is the first call ever made on a uk mobile network. >> reporter: and what was the signal like? >> it was just like making a normal telephone call. it was very clear. it was just a very normal natural thing to do, it seemed. >> reporter: exciting new technology, but at first only for the few. >> the first phones cost a fortune and were really meant just to

. >> that's why we call it forward smart mobility.he holistic view includes mobility, vehicles, the connected car. customer experience and how technology will enable that going forward. by taking a holistic view, we can take the view of what is the whole experience. it is also a mobility company. not just an auto company. we want to drive the business forward. we want to make the world a better place, and in that is there business opportunity? >> you're doing experiments all around the world. as far as different kind of mobility solutions, you are putting sensors on bicycles. and i asked my tour guide, is ford going to make a bicycle? he said electric bikes are very big in asia. is there a time where ford will make products that go beyond mustangs and explorers? >> potentially. potentially.it we will not be getting into the train business or large bus business, but we are thinking about mobility in a more holistic way. it may open opportunities to provide solutions to how they get around from point a to point b. it is very important f

almost all the revenue comes from mobile. a mobile company. >> what is the biggest us google -- the biggest obstacle for facebook now? >> investing in the next big thing, which is what mark zuckerberg has been outlining to shareholders. double down on r&d. they want to have a bunch of other properties, not just facebook.com. >> we saw myspace come and go. we question facebook's longevity. did the same with apple. no new product category. the iphone performance, and here we are again talking about whether this is the final chapter. do we need to recalibrate expectations? >> historically, apple's quarter two is always a little lower. the reason being, almost everybody buys these things for the holidays. you come off that. when does this whole decade end? we are in this major transition for the mobile industry. these are 10-year phenomenon. >> when you look at what has gone before, is pc a good example? >> i think the pc industry, the mainframe industry, the minicomputer industry, all of these produced winners for a solid decade

in 1993, congress exempted a future non-voice mobile services like mobile broadband from the common regulation. it did so unambiguously. given our industry's greatest success with mobile broadband outside of title ii, we have significant concerns of how the 682 pages of regulation would apply. the commission and the courts have repeatedly found that wireless broadband is not a common carriage service. the fcc lacks the statutory authority to change the course and litigation would harm consumers with a year or more of uncertainty and delay. as leaders across the globe try to replicate the mobile success and embrace 5g, this is the wrong time to inject uncertainty into the nation's efforts. we risk falling behind when the stakes have never been higher and the connected life and global competitiveness are more within reach. a better approach would be for congress to act and end the debate. doing so would free us up to turn to the bipartisan issues like spectrum reform and modernization. by acting congress can help ensure the united states remains the most dynamic and innovative mobile system. tha

we were around in the social mobile space. to pursue something that was new and connected to a traditional market. the alcohol space is hundreds of years old. reasonably untouched by technology. we saw an opportunity in being able to unlock different facets of that market. >> when you look at the numbers, it is amazing how giant enormous -- how enormous the booze business is. >> over $105 billion of alcohol sold the retail stores in the u.s. alone every year. a little over $90 billion that go through on premise restaurants, bars that sort of thing. >> what are the regulatory issues? >> alcohol is an old industry. the government set up a three tier system of alcohol that separates producers, descriptors and retailers. the regulatory environment right -- varies state to state. we make sure to work with the local -- >> what does that mean fundamentally? do you have licenses to make these kinds of deliveries? >> the way saucy works, we are dispatch and delivery network for retail liquor stores. we partner with retailers in any giv

chair on the 12 year term of the national lease agreement it is payable by mobility to the sfpuc from the street pole license fees from $9 million plus for two hundred street light polls to $14 million for nine hundred street light licenses in table four obtain page 6 of our report we have a recommendation on the bottom of page 7 top of page 8 recommended you propose to have a report for each resolution approving the installation to the distributed in the equipment that detail the number and locations of the existing street light licenses resulting under the national licenses agreement approve as amended i'll comment on the recommendations now the legislation before you and on the various agreements gives that's an estimated number of pole installation building that the board of supervisors should be provided with the annual report and locations. >> thank you mr. and mrs. seeing no questions why not opening it up for public comment i have a couple of cards you have two minutes and if more speakers line up on the far side of the wall. >> good morning mr. chairman i'm the vice president

in mobile in 2016. we'll see if they can actually maintain any of the market share they are buying, and when you're going from a market where you're monopolistic against a & d and something you have to compete against someone the size of qualcomm to fill up expensive factories with a competitor like qualcomm is a really difficult challenge. >> you mentioned gross margins. a lot of people will say peak gross margins and intel typically lead to the peak stock price. >> absolutely. >> is that what we're about to see now known? >> that's exactly what we're seeing and really the call on intel. really with a lot of chip stocks. follow the gross margins. go from a monopolistic position where you haven't had a competitor, pcs have been good, been really able to set prices. now you go into fighting in tablets and smartphones, fighting against qualcomm and others, media tech and china and taiwan, now your margins have to fall down with the pricing pressure and when your factories cost $5 billion, $7 billion apiec