valuations have been skyhigh. there were a lot of venture ipos. what is happening?nk that there tremendous interest in biotech because companies are developing products that are getting to market and are -- they have huge revenue. the biotech index is outperforming the s&p 500. people realize that money can you made in that they. a selectivity in which companies are being valued very high? i do not consider a bubble. i consider discriminating against investors who are still excited. >> dr. beth steinberg, thank you for sharing your work with us. we do not get to talk about biotech very often. it is incredibly important. >> think you. pleasure to be here. a security firm symantec said that we have entered a new world is either reaches. we are talking to the coo coming up. ♪ >> welcome back to "bloomberg west." wendy 13 was the year of the mega-breach. there were data breaches of bigger payouts. half a billion identities were exposed. just before news broke, corey and i sat down with the chief operating officer of symantec. we asked about biggest concerns today. >> th

that's the latest skyhigh valuation to hit silicon valley.for flash storage company pure storage. the company has raised an additional $225 million in mr. bolden value since its last round in august. joining me now is the ceo. you guys are trying to transform the way businesses store their data by using flash memory. why is this so transformative? >> we put flash into the phones because it was much faster and much more power efficient and space efficient. which mattered a great deal inside of those mobile devices. the same thing matters inside of data centers. $15 billion is going to be spent for workloads that need great performances but are put on mechanical disks. been around for 30 years. it was really getting flash into the mobile phones and into the tablets -- it's been deployed in scale inside consumer data centers like google and facebook. the technology has been proven out there. the thing that pure crack was we figured out how to get the cost of flash down to where it was price competitive dubai with mechanical disks. >> how do you

investors not willing to pay the skyhigh valuations.all the index is trading 31.8 times earnings compared to 18 for the s&p. do you think that stocks overall are fairly valued at these levels? >> overall the stock market is fairly valued. rich not cheap but not either. they are going out and looking at stocks that in some cases were way ahead of themselves from a pe or other valuation metric. >> we will leave it right there. thank you for joining us. on the markets again in 30 minutes. in the meantime, "street smart" starts now. >> carryover concerns. the move causes the nasdaq to get clean again today. a little bit of an up tick. doing wellll not here. headtriple digits as we into the close. i am trish regan. .street smart" starts now

because of liens, the price of them have gone sty -- skyhigh.as gone sky high. alaska air has dropped limes from their drinks menu altogether. they are selling for $100 per box, up from $22. look at that, $22 in january? i could have made a fortune investing in lines. bad temperatures and drug cartels have created a shortage of the citrus fruit. the most-watched play date ever. i know you love this one, tom. prince george and his parents stopped in as part of a get-together in new zealand. formalities were cast aside as the top mothers did what toddlers do, getting down and dirty and crawling on the floor. >> he has got that hair. likeey had a picture from 30 years ago, whatever it is -- >> what, william? >> it was shocking, the similarity. it was absolutely shocking. >> what is address? issa? >> tory burch. >> how do you know? >> i was advised on this by our "surveillance" fashion advisor. it was a weak moment. what can i say? [laughter] we go to betty liu, "in the loop," what do you have today, betty? >> are we all frustrated by our cable bill