microsoft taking a $7.6 billion write-down on its nokia handset unit 14 months after the finnish companyquired. how do that changes fit into the ceos restructuring plan. we are joined by skype from seattle. microsoft partners, and he has met with the ceo himself. also, brett taylor, ceo of quip. your company competes with microsoft. what is medela doing he doing here? >> i also thought the acquisition was weird. the microsoft legacy was about making software. buying a hardware maker was an awkward market position to be in. they were an apple, android. i don't think it fit into the new ceos vision. a lot of us on the outside expected this to come. the biggest shock was white event they buy -- was why they did it by their mapping division. this isn't surprising to me. it's consistent with the new focused on software and services as a primary part of microsoft. emily: we are getting details. steve ballmer wanted it. bill gates argued against it. would you think of the bold move that he is making. is he moving in the right direction. is he on doing some of the mistakes that microsoft made? >

the chief executive will write off 7.6 alien dollars from the nokia handset unit. restructuring charge of up to $850 million. cory johnson is in san francisco with more. explain how this works. they've bought the company for 9.5 billion. 1.6 billion in cash as i recall. basically they are saying we screwed up. move.oft took a very bold the site and while everyone else was having trouble making any kind of money in the phone business, they felt apple has done hardware and software together, they would have success. indeed, it alluded pretty much every company in the handset business. i will throw samsung on there right now. having a lot of trouble as well. principally because the business is not very profitable. microsoft take a that. there have been so many calls from shareholders to put the cash to use. they put it to use. basically admitting it was a complete and total failure. is anyone else ever going to get a foothold in the handheld business fiasco even if you come up with a great product, it does not matter in the face of companies with an iphone. >> a very

there was a $7 billion right down from a purchase of a nokia handset unit.ays that the worst is yet to come for gold. prices could fall below $1000 an ounce for the first time in six years. gold fell this time to a five-year low. we have boeing earnings just crossing bloomberg right now second quarter revenue of $24.5 billion. earnings per share at $159. tom: a very nice beat. 5700 commercial plane orders. i think that employs them until i am in a casket. vonnie: they have had a phenomenal number of orders. deliveries more than doubled to your ago. coca-cola earnings out as well, earnings per share of $.63. tom: another beat their. can i give some scope and scale as you pile into boeing's earnings and coca-cola. cash in marketable securities at boeing is $9.6 billion and they are bragging. apple is $230 billion give or take. boeing is a juggernaut for america and -- bob the delly let me go to you -- bob nardelli cash has become gospel. how do you know as an industrialist when too much is too much >> having enough scar issue from not enough cash. the uncertai

have a right down after the purchase of nokia's handset theirailed to rescue mobile business overall. but we knew about that. if you look at the revenue by unitand like the biggest is was in the phone hardware unit, with a revenue of $1.3 billion. commercial revenue also short of analysts, and an area of treatment. estimatesles missing a little bit. the company coming out with their third-quarter forecast and that too is below estimates, that is why we are seeing those shares lower. it looks like chipotle, at least we were seeing the biggest decline, now they are. by 6%. oneou are going to look at number, it is going to be sales. that is a number that mr. sales. 4.3% of the increase last quarter. that is an enviable number in any business. thank you. we will be right back. ♪ alix: i am alix steel. to apple earnings, they are expected to, 10 minutes from now. quarter, is made up 20% of the revenue, last quarter beyond that it was only 9%. alix: gentlemen, welcome. the first question that you when i talk about when we think about china is the stock market and the slide we have seen overall year-over-year. what does that do for apple when you se