but i still have a large position in salesforce.m either the largest shareholder or one of the largest shareholders. >> no shareholder should be worried about your confidence? >> as one of the largest shareholders, i have never been more excited. >> you created the 1-1-1 model, giving 1% of time, equity, and profits to philanthropy. why is this the best way for companies to give back? >> on day one, we put 1% of our equity, 1% of our profit, and 1% of our time into a public charity. it was easy because we had no stock, no employees, no product. a very easy decision. now that it is paid out, we have delivered more than 680,000 hours of community service, $70 million in grants to nonprofits around the world, including big grants locally to public schools and hospitals, and -- this is what i am most excited about. more than 23,000 nonprofits and ngos use salesforce for free. that's a huge part of our philanthropic focus. >> you are san francisco born and raised. obviously the business is so important to you. why is giving back so impor

salesforce is applying for interesting technology, teaming up with salesforce in philadelphia, revampinghat they call the 311 system. the goal is to make it easier for residents to get city services delivered, doing things like applying for building permits or requesting graffiti removal. all of this on the cloud could change the way city governments work. joining me now is the salesforce evp, joining me from new york. this is interesting because the way cities work fundamentally seems slow. the way they buy software is big, massive and slow. what's happening in philly? >> what's exciting about the city of philadelphia is they have recognized three big rings are going on. the first one is that companies like uber and airbnb have fundamentally reset expectations for the citizens on what they want their government to look like as far as interactions are concerned. second, there's a third wave of computing with mobile, social, cloud and now analytics, that is disrupting every business model, including the government. third and the most profound is political leaders are recognizing they need

it is salesforce now. to make it easier for residents to get the removal or other services.alesforce actually do? >> was excited about the philadelphia city, and the mayor, is that companies like huber and airbnb have determined what they want government to look like. there is a third wave of computing, with mobile social, cloud, and analytics that is disrupting everything. the most profound is the fact that political leaders are recognizing they need to create a more open since and participatory government. what they have been able to do with salesforce is shift power to be able to create communities in the cloud. where they are organizing some of the toughest problems the city has in crime and health care and education. >> what is the pushback like? there is a company out here in silicon valley that is trying to go around these issues of permitting. it is a ground war to get these deals done. the results, the success stories, are fairly amazing -- how much faster things are delivered. i do not understand the pushback is. >> when you have is the old guard, essentially,. . l

i think it was a good quarter but not a salesforce quarter. doing something to point out marc is not doing, profitability can be sacrificed because the opportunity's so great and that became something that people turned on last year. still profitability not as important as opportunity, and negative cash flow is what people didn't like last year. maybe they can pull it off this year, i don't know. the stock's had a good move there how badly do you crave profit in this space? >> i need operating cash flow. >> for starters? >> yeah. that's good. you'll see a tab low data giving people what they want d.a.t.a. the part that ibm's gunning for. you will see that company go up and the opportunity's great. people feel they're doing both. what is great, a lot of people critical, when is he going to make money? operating cash flow is money. froe cash free cash flow is money. >> the best kind of money. >> you cover cable companies. >> people wondered whether cable would be free cash flow positive. then it did turn quite positive. >> people bet again telec

salesforce wanted to -- the end of software because they thought that was inefficient and there was ar way of doing it. and yelp had a mission about finding information in real time. and twitter is the same way. building social good and impact into its actual building and they talked about that last year. >> how so? >> so the twitter for good is their approach to corporate philanthropy. they've really changed the traditional approach to where they built the program where they partner with mid market in san francisco. it's a well-known sort of tenderloin depressed area of san francisco. they're partnering with a that actual city district in the actual headquarters of twitter and integrating employees into that program, as opposed to just giving money they're integrating it into the workplace. >> that was newco ceo john battelle. well, can technology fix some of these age-old problems, like getting pot holes filled or garbage picked up? we'll tell you about an experiment in philly next. ♪ >> this is the best of "bloomberg west." i am cory johnson. the last big tech no innovation to come

salesforces vice president former chief information officer and i talked about this. >> what's so excitinghe city of philadelphia is that the mayor and his leadership have recognized that three big things are going on. the first one is that companies like uber and air bnb have fundamentally reset citizen expectations in terms of what they want their government to look like as far as interactions are concerned. second, there's this third wave of computing with mobile social, cloud, and now analytics that's disrupting every business model including the government. and third, and the most profound, is the fact that political leaders are recognizing that they need to create a more open transparent and participatory government. what they've been able to do with salesforce is engage citizens, shift power to be able to create communities, so the community cloud, where citizens are self-organizing, and addressing some of the toughest problems the city has around crime and health care and education. >> what's the pushback like from the cities that are not jumping to do this? i also look at a compan

i sit down with marc andreessen at salesforce's dreamforce conference in this special edition of "studio 1.0." >> i wanted to start with a word of congratulations, because 20 years ago, netscape, which you co-founded, launched. can we get some applause for that? [applause] ushering in the web as we know it. how does that feel? >> it is fantastic. it is so extraordinary. we had a little bit of a glimmer that something might happen, that it might matter, that this internet thing might work out ok. and it turned out it has. >> you have been incredibly productive since. you started a little venture capital firm, andreessen-horowitz. you have also tweeted 33,000 times. >> in? >> in one year. >> thank you. >> which is more than all three founders of twitter combined. >> yes. that is true. >> since twitter started, by the way. >> i really think the stock in the company should be rebalanced. [laughter] >> we are going to reference some of your tweets throughout this conversation, and i wanted to start with this one, given the anniversary of netscape. this is true, when i came to silicon valley i

salesforce twitter yelp and so many others. you know this amazing story also says to us that we are excited and i'm excited because it isn't just one sector. this is the thing that i will keep over and over again. industries like healthcare, click biotech, tourism, construction, manufacturing and more but we also see technology very strongly woven into all these different industries. this is the excitement that i continue to share with our chamber of commerce, without sf technology companies with all the different sectors. is that it isn't just one, it's all about. and that gives us a tremendous opportunity because all of these sectors have helped people get back to work have created the revenues that we can invest right back into our neighborhoods into our small businesses, into infrastructure, into the people to create this city to become a continuing attractive city. because without that investment , you're going to quickly see that the very talent that the companies have recruited here, and one of the greatest assets that w

salesforce loses $66 million. subscription and support revenues are up. salesforce is pushing data analytic services. it is not helping them make profit. investors like its shares rising. morgan stanley agreed to a two $.6 billion settlement with the justice department to resolve claims tied to mortgage backed securities. they boost their legal reserves for the settlement by $2.8 billion for the settlement will cut 2014 earnings per share. there are a lot of deals going down. drugmaker cyclic's is based their attracting sales. they impact as much as $17 billion. they make a fast-growing drug for blood cancer. aruba networks they may be bought by hewlett-packard. after reporting lackluster earnings hb is in talks to buy a rube the. -- aruba. they make hardware and software usable wi-fi networks. for typically hotels, shopping malls. why would they do a big acquisition? alex sherman broke this story. this is interesting coming when it does. the company is a question mark. >> the first acquisition, first major acquisitions and's baton of me -- autonomy it co

. >> i talked to salesforce last week. they have something called connected cities.t about your industry specific approach that might give you an advantage over big software companies? >> the vertical software companies, they provide very horizontal services by salesforce and workday. we really focus on our vertical, and really dominate that space. in our market, the permitting and licensed part of government is a $10 billion market on its own. >> do you find there's a different generation of purchasers who grew up with the internet, they know how it works and the guys they are replacing, they are willing to spend money? >> the baby boomers, as they retire or being replaced by a new thinking government worker who has always been connected to the government -- internet, and the cio's have brought a new level of thinking as well -- we are seeing change in approach to technology and delivering services. it's refreshing. >> thank you very much. that's it for "bloomberg west." get the latest headlines all the time on your phone, tablet bloomberg.com, and bloomberg radio.

salesforce reports a fourth quarter loss of $66 million. revenues rose 26%, though.ubscription and support revenues are up 25%. professional services is up 41%. salesforce is pushing data analytic, corporate social networks and marketing services. but is not helping them make profit. investors like that shares are rising. morgan stanley agreed to a $2.6 billion settlement with the justice department to resolve claims tied to sales of mortgage backed securities. they boost their legal reserves for the settlement by $2.8 billion. the settlement will cut 2014 earnings per share by $1.35. there are a lot of deals going down in sunnyvale. drugmaker pharmacyclics is exploring options including a sale. they may expect as much as $17 billion. they make a fast-growing drug for blood cancer. aruba networks may get bought by hewlett-packard. after reporting lackluster earnings, we have learned that hp is in talks to buy aruba. they make hardware and software used to make wi-fi networks for typically hotels, shopping malls. why would they do a big acquisition? alex sherman broke

bank of america and the bicknell foundation and the do you go goldman and the hertz foundation and salesforce foundation and helen schwab and husband and finally our alone supporter wells fargo (clapping.) in affiliating addition to those leadership level gifts many have answered the call we're very grateful (clapping). >> and many of you know, we have received a transformational $75 million from dr. priscilla chang and mark zuckerberg. >> unfortunately, they could not be here today but they paid a special message to share so, please view this message. >> hi, everyone sorry we can't be with you making sure that everyone in our community has access e access to health care it something priscilla and i care about we're happy to join you. >> over the past couple of years i've done my dr.ship this is making a difference of the lives of people in the city of san francisco we're proud to join you and be part of this campaign. >> we hope our support along with the support of accident donors in the campaign can help san francisco general hospital to save for lives. >> a lot of people have given their

for now salesforce shares up 4.5% on that report. panel here talking about the role that salesforce, some of the big tech names have played in the nasdaq rally as we eye the 5,000 mark again. how significant is it to see, for example, you know, an amazon at the top of the pack. just year-to-date in terms of the point contribution. the fact that there are fewer companies in this index now altogether. 2,500 only and the nasdaq then compared to 4,700 at the turn of the decade. it's a very different index again, just curious for your thoughts. >> one thing i try to remind people of, every time you talk about a bubble emerging and you go the nasdaq is still below its march of 2000 peak almost 15 years to the day from this discussion, i find it very hard to think about something that has taken 15 years to get back to its last peak in bubblicious terms. that could be wrong. everything can collapse at any moment -- >> look what happened in 2000. a great phrase for 1999-2000. got the kids off the street. any company that didn't have earnings,

or for salesforce to win. >> what about microsoft?ompany that you grew up with. >> there are specific product areas where we could potentially lose or be harmed by some of this transition, but there is an entire company at the macro level that does not necessarily have to lose. >> so companies like microsoft, google, amazon are dropping the price of cloud storage. how much of a threat is that? to box. >> we love that. the same unit of storage is now a 40th of a price and it was 10 years ago. on the supply side of our business. the cheaper storage gets, the more data we can store for a customer and the more we can deliver unique experiences around the content. >> you took on $150 million in funding from tpg. the company is now valued at $2.4 billion. why do you need that money? -- why did you take that money? >> as you may have seen, we filed to go public in march of this year. basically, a week after we filed, there was a bit of a market correction in the tech stock space. so you saw a bit of volatility in a lot of high-growth technol

marc benioff, founder of salesforce, has transformed the way that businesses do business.oneered the flight to the cloud and a new model for philanthropy along the way. he launched his career at apple under steve jobs, became a star salesman at oracle under larry ellison. then he went on to start one of oracle's biggest competitors. joining me today on this special edition from dreamforce 2014, marc benioff. so great to be here at ea

better for salesforce than microsoft. >> running into resistant, rolling over, definitely one thing tok for. the other thing, dan made a great point there. you don't need to hold options until they expire. when thinking how much risk you're taking it's not the amount of premprem it's how much you spent for as long as you hold it. if you change your thesis change your position. >> are you negative microsoft? >> i would call myself neutral on microsoft. it needs another catalyst. a big run because of the pc refresh cycle, xp expiring. now what do you do? a show-me story. you don't get hurt in it. wouldn't say negative, but hold on to it and pick up the dividend. >> dividend's great but you may see increased capital return. meet in april, shareholders meeting. if investors are unhappy with the price action they say with need more cash back. >>> coming up on "mad money" kramer's gcrep cramer's got you covered. take on the rallies and monster beverage, all that and much more top of the hour on "mad money." >>> cup eoming up, taking your tweets. send them in to "options action," but be nice.

>> our focus has been around and well -- going from two salesforces down to one salesforce.ond piece is going to be real line resources -- to realign resources. $40 million lower than 2013. we have been very good at trending to grow. we did some trimming this year early on to do investments. the majority of the trimming that was done is done and we are focused on operating the company for 15. >> the revenue is down 1% quarter on quarter. this is part of the reason why i believe you are trying to cut some brands out within that group. you are narrowing down the focus of your portfolio? >> the brand group revenue is essentially flat. there is some noise -- what we are really planning on the brand group is to have giant global brands. you will see a smaller portfolio of brands, but a set of brands focused on global growth and video overall. the brand group is at the bottom of the growth trough. over the next 12-24 months, you will see those brands expand to a global standpoint and began standpoint. >> more emphasis on video. some might say you are trimming the portfolio and ref

salesforce wanted to be ending software.a mission around funding local information in real-time. twitter is the same way. it is building social good and impact to the building. they talked about that last year. so twitter for good is their approach to corporate philanthropy. they change the traditional approach to where they have built the program with a partner with the market in san francisco, a well-known area. they are partnering with that actual city district in the actual headquarters of twitter and integrating employees into that program. they are integrating it into the workplace, which is in interesting approach. lexi put metro miles on the list, too. they woke up and said wouldn't it be cool if there was affected for your car? thai baht standard , exxon mobil is a great company that is trying to lower the price of gas. one could argue any company has some of it and it syria identifying that has a positive change overall. you can call me too optimistic, and i have no problem with that. >> pulls disclosure, you and i

speaking of salesforce gentle giant, a giant. but the guy you don't want to up against, you don't want to go up against is john chambers from sysco. that's right. the mild mannered gentleman from west virginia. he's as subtle as john ledger is in your face. however, chambers has been in world domination mode. he won't stop until he vanquishes everyone in the space and then some. you won't know he's doing it with chambers politeness is lethal. i know there are plenty of fierce competitors i left out, but if you open stock with a stuffed shirt suit guy, a head coach, you may be betting on the wrong time. let's go to mike in new york. >> caller: jim, i love your show and you taught me a lot about the markets. i'm long on apple. my question is since apple's record earnings and all-time highs do you think there's a chance that the dividend increases this year? >> let's put it this way. who am i to tell tim koch what to do? my man that is close to 100 points don't trade apple, own it. go to wick in north carolina. wick? >> caller: hey,

pete, salesforce. >> all about growth. >> raised guidance. >> bennyoffon with cramer last night. >> bullssk about ibm. i was a bull about hewlett-packard. this is the name killing everybody right now. they're taking the business. see it by their growth, revenue growth, quarterly, year over year and the projected over 20% for the coming year. big numbers. this is a stock that can continue to go higher. >> coming up the future of the internet. waiting that vote on how the government could regulate the web. the breaking news as soon as it happens. the stocks impacted most as well. also, united a airlines, emphasizing safety to its pilots. the incidents leading to the new push, the impact the news is having on that space. the best place to invest, where is it. why gemma godfrey thinks there may be more upside abroad than in the usa. we'll find out that story and why. with gemma when we come back. wh 8 8 >>> hi, everyone. i'm sue herera. here's your update. john boehner will wait to see what the state passes before making any decisions on the homeland security bill. earlier senate minority lea

it is about salesforce, marketing.ng to increase the products. >> they said it was he twitter when i joined in september. i have yet to join linkedin to read i joined, get out. >> take you for being with us. "on the move" is next. see you monday. have a good weekend. ♪ >> happy friday and welcome to "on the move." i'm jonathan ferro. moments away from the start of european trading. let's get straight to your morning break. german chancellor angela merkel and french president franÇoise hollande head to russia to meet with putin. a push for peace in ukraine for her do not back down. that is the message from the greek people. pro-government demonstrations in athens. the turmoil continues. the bank of greece insists that profits are safe. it is job stay. 230,000 is the median amount of jobs created in the u.s. those are three things we are watching this morning. futures off by 26 points. what a week we have had. manus cranny with your market open. >> hey, jon. these equity markets, it is interesting. the debate is interest

." >> what do uber tesla, and salesforce have in common? structure capital.rtner at the firm and she shares her investment criteria with us now. good morning. it is nice to see you. you are focused on zero waste. >> underutilized capacity. excess assets. you think about the sharing economy and all the things that we don't use very well, but if you shared them, we would actually use better. maximize and monetize what we already have rather than creating more and more. do better with less by applying technology. if you look at that, everyone has cars. and yet, nobody really was sharing them. this is enabling people to get back to work, to use what we call space. we think of assets as space time possession. now, you layer that with trust. you layer that with instant gratification, which is where we are all headed. [laughter] we have a philosophy in the united states which i believe is somewhat creeping into europe , which is the magic wand. that is your phone. the philosophy is such that if you cannot do it with your phone, you cannot do it. because if you canno

. >> i'm with salesforce, david simon. do think there is a valid point that when you have rapid technology change, you have rapid employment displacement. one of the places where this needs to be reevaluated is the educational front. this country is very much ignored stem education. for most of a generation. we have yet to really try to take advantage of the technology. interns of stem education and people being displaced so they can get new jobs in his new economy, the idea of sending people out to community colleges -- which by the way community colleges are very valuable -- but is relatively inexpensive to educate someone when you have the internet. i think all of these need to be taken advantage of. it goes back to an earlier part of the problem. policymakers tend to get stuck in a certain way of thinking. whatever their perspective is. you have is real dichotomy of the twentysomethings who are the people doing a lot of the work for the policy decision maker is somebody looks like me, it really very entrenched in a cer

. >> isn't that why big guys have salesforces? >> no.ng to solve the problem of how to make this pen better you can do it yourself. another company in indiana that is doing this, you don't have to do all that r&d. companies are trying to improve their products faster and cheaper and better than competitors. going it alone is blackberry. building an ecosystem is apple. >> that's a beautiful comparison. >> the database is the greatest collection of people ideas and companies. it isn't the patent itself. it's a fact that the patent isn't advertising meant for calling -- is an advertisement. a small company called microsoft said you know what, we have pretty much the world's best software, but this is a smart idea. we will be a member too. herman, 80 cross -- we have just begun. it's not just big guys. anybody can say i got a problem, show me the companies i should be talking to. >> for $1000, aren't you kind of interested? >> absolutely. >> anybody might say, i want to troll around that. >> that's why i working on it. if we don't put innova

. >> i think -- i'm david simon i am with salesforce. we provide software as a service. i think when you have rapid technology change, you have rapid technology displacement. i think one of the places where this needs to be reevaluated very hard is education. this constantly -- this country has ignored science engineering, and math for most of a generation and we have yet to really try to take advantage of the technology. in terms of people being displaced so they can get new jobs that are valuable, the idea of sending people out to community college -- by the way, community college is valuable and its an expensive way to reeducate people when you have the internet. it creates a problem. however they going to get their daycare taking care of when they have no job and they have to go someplace? it takes care of the earlier part of the problem, which is that policy makers tend to get stuck in a certain way of thinking and you have a real dichotomy of the twentysomethings who are the people doing a lot of the work for the policy maker. but the policy decision maker as someo

salesforce's number first company to $5 billion, first company to $6 billion and, you know benioff ismbers are there. >> i remember being in the parking lot of facebook with you the day of the ipo. 38 was the number then. today it's 80. you don't think that -- you wouldn't ring the register on some of these. >> there's a difference between trading and what the companies can be worth for real investors three, four five years from now. facebook continues to grow. he makes smart decisions in terms of what he buys right. what is instagram really worth now? right? what will whatsapp be worth when it becomes a payment model. it's a big bet. like alibaba is a big bet, but there's always seems to be over a long period of time a separation between the big players and small players and the big players the value accrues to them over time. i can't tell you what it's worth today. that's not what i do. >> it's been a phenomenal 15 years. that's for sure. >> quite a change. >> unbelievable. good to see you, dan. >> good to see you. >> that's a good segway to go to jon fortt with a look at what's com

salesforce is raising it's revenue forecast pointing to demand for its cloud based software and services. workday results were in line with estimates and they're giving upbeat revenue guidance. earnings in revenue beating the street but the parent company of victoria's secret offer light current quarter profit guidance and as a result the stock is trading low they are mork. >> let's get a check on the markets this morning. yesterday the markets were essentially flat. if you want to take a look at where the futures stand today. green arrows but moderate advances at this point. dow futures up by 18 points. the dow closed at another all time high. nasdaq at one point during the day set a 15 year high but it did end up closing down a little bit. came within 16 point of the 5,000 milestone. nasdaq is up by 6.5 points. in europe it looks like there's not a lot of activity. the cac in france is the biggest of the major averages. up about a quarter of a percent and greece down by 2.6%. also in asia overnight, you saw the shanghai composite was up by over 2%. the hang seng up by .5% and nikkei up