maria: we are back with technology titan steve ballmer. you are like a founder of microsoft. i know you weren't the co-for under. but when you got there what were there, 30 employees? steve: 30. maria: you oversaw this growth of microsoft. u we there 35 years. ceo for 13 years. how has microsoft grown in your view and where does growth happen next. not to have you comment on your old company and what the correct o is doing now. steve: when i joined we were at $5 million a year in revenue. when i left the company was roughly $80 billion. maria: $5 million to $8 billion. that's such an incredible achievement. steve: you say where does that go? the answer is almost limitless in terms of what innovation can bring. there is still so much to do. i think of it in two pieces. what goes on in the back end of the internet with the apps get built and the computers get powered and the thinking gets done. then that device, laptop, microsoft surface where you are seeing the world. and there is going to be innovation on both sides whether it's virtual reality or augmented reality. and more a

. >> and steve ballmer. >> steve ballmer talking about how he is going to hold the government to account>> this is a really substantive time. obviously, a lot of news this morning that is important to silicon valley. we want to have really substantive talks on these issues. the theme, we don't have themes at code but the idea of silicon valley growing up and taking responsibility for some of its creations, we are not. probably not. we wanted to have substantive things beyond what is code. we need to understand that very deeply. >> something about what mark andrewson was saying, even those these are counterintuitive facts that might be true, it didn't feel true, the idea that things aren't changing fast enough. that's the problem and why middle america is so frustrated. people are getting laid off, people out of work, people working part-time who want to be working full-time. tell those people that things aren't changing fast enough. i don't know if they would take that so well. >> i'm an old labor reporter. i never forgot those years. mark andreson is a billionaire sitting there saying t

i brought in steve ballmer, who was very good at that. and he was helping out.had a since of urgency that we wanted to lead the way. graphics this interface thing with windows that he wanted to do. so, i was super busy, and i get i could hire so quickly, and built this worldwide company, was fascinating to me. but i was really busy. it's some friend had tried to call me, i wouldn't have had too much time for them. i was really into building the company. and i was going out and telling people about the magic of software, which was good for microsoft, but also helping them understand the opportunities and the huge change agent that software and software plus the internet, would become. so, i was having fun. it was amazing. but i always thought, hey, we are one step away from not leading here. we got to keep doing better. david: when you had the famous ibm contract, you won the contract to produce their operating system. why did they let you own it and they had to license it? was that a mistake on their part? bill: yeah, this was before graphics interface when you

our special guest, former microsoft ceo and the current owners of the los angeles clippers steve ballmeris with us. it was asy week. a good week for stocks. wall street betting the moderate candidate will win and preserve the european union. the nasdaq composite crossing

we'll hear from steve ballmer, and a lot more over at code over the next couple of days. in the meantime the dow is down 32. amazon broke through to $1,000 for the first time ever as tech stocks continue to rally in the first six months of the year. bertha coombs with the latest. hi, bertha. >> amazon stocks helped lift the stocks to a new high. they have helped large cap fund managers achieve outperformance to the overall market. they've really sort of caught up in that area. active fund managers are now about 24% overweight in large cap tech. that's the largest overweight they even been since 2008. it doesn't hurt that amazon and fail bet are at all-time highs. facebook has been a little laggard in this group, near 8% gains with other fang members. apple, they don't really touch on, but coming into this month, ubs noticed that most fund managers still had apple at left than marketweighting, and when you take a look at where the institutional ownership is according to the most recent data, you could almost, almost make an argument that institutional ownership of apple an

. >>> some eye opening comments from steve ballmer. in with carl at the code conference when "squawk on the street" returns. what you have released is unlike anything we've ever faced. the ultimate evil. [ sinister laugh ] [ dramatic music ] [ screams ] the mummy. rated pg-13. >>> welcome back to the code conference. last night, kicking off the event, steve ballmer talked about how microsoft allowed other players to encroach on microsoft's dominance. he said in large part it came down to hardware. hardware is really the new expression software in his words we should have build that capability earlier than we ever did. suggesting perhaps that the nokia deal was too little, too late. as many have said. he talked about his life as investor post microsoft and how twitter has cured him of being a more activist investor. take a listen. >> in retirement, you say, what am i going to be now? investor phase. i'm out of that phase for those of you who might be looking for money. i'm not in that phase at all anymore. but when i was in investor pha

. >> julia, before we let you go i saw a head line cross about steve ballmer being interviewed about ever looked at twitter. i know he's an investor in twitter he said microsoft hadn't. we had michael nathanson on this morning who was very bearish on twitter. thought it was going to be worth half of what it is today. he was also bearish on snapchat. what's the mood on both of those? >> it's interesting because i asked reid hoffman about what he thought about whether or not twitter should sell just like linkedin sold to microsoft. he says there's been a great experience, lots of opportunities there. now as he said i won't comment on twitter specifically but he says it really makes sense for a company like linkedin or perhaps twitter can find a parent company that makes a lot of a of sense. so there was definitely a lot of talk about twitter here yesterday. balmer saying he believes in the company long term. as for snapchat, i asked hoffman about what he thinks of evan spiegel not issuing any voting shares in the snap inc. ipo, it's an expert to see how it turns out. and investors get