the specific offering is a vmware offering bringing vmware cloud on amazon.will be sold, supported and offered by vmware, available on the amazon marketplace, but us bringing the vm software stack, combined on the global dynamic infrastructure of amazon, with amazon services which are rich and broadly available giving a best of both worlds experience for customers. >> most people are zeroing in on microsoft as the biggest challenger to this hybrid vision you're putting more meat on with this announcement. how does this change the competitive dynamic between you and microsoft? >> again, i think that it's a really differentiated offering for customers. the vast majority of the world's enterprises have virtualized on vmware. they're used to using software, that's what they want to use as they move to the public cloud. this is the only offering that allows you to use the same software on vmware on the public cloud. also people want that concision tent, seamless experience when they run in hybrid mode but doing without buying additional hardware this allows you to

act two is the combination of dell and bmc's vmware.u are acting about act three but you will have to wait and see. waitw long will we have to and see? i am sure you have your work cut out for you. >> we have a few ideas. we are focused on dell, emc, and vmware. all the great things for customers. but look, we see plenty of opportunity organically to consolidate. we're going to continue to make acquisitions, and alliances and partnerships are also important. we also have our program where we are investing in hundreds of the companies that are 24, 36, 48 months out in terms of the future. >> you have the desire, clearly, but also the financial flexibility and capacity to do these things? >> we do, yes. >> you have been so outspoken about the benefits of being private, right? not having a publicly traded stock? to take risk. >> we love being private. we do have two public companies, though. >> that is right. buying emc is a risk that few public companies could have taken. i am wondering, what about now? now that you emc and most of vmware

act two is the combination of vmware. bmc's >> we have a few ideas.e focused on dell, emc, and vmware. we see plenty of opportunity organically to consolidate. we're going to continue to make acquisitions, and alliances and partnerships are also important. have our program where we are investing in hundreds of are 24, 36,s that 48 months out in terms of the future. >> you have the desire, clearly, but also the financial flexibility and capacity to do these things? >> we do, yes. >> you >> we love being private. >> that's right. buying dmc is clearly a risk for a company. i'm wondering, what about now. risks do you look forward to taking that your competitors can't? as a privately controlled company, it is very different. reimagine your business. years, decades. what your real priorities are. that as dell, we had some pretty outstanding results area i am talking about cash flow, by the way. thisthe market share at point, we grew our share. very strong cash flows. -- then it brings up a lot of time and allows you to have a much different perspective. ♪

you also see amazon doing this deal with vmware which potentially gets them into microsoft's wheelhouseazon has not had those enterprise chops in the past. kayla, you raised a question about whose ebs penxpense this to large extent the hardware players you used to have to go through if you wanted to build up a data center. now that microsoft and amazon and oracle and others are doing that themselves, you don't have to deal with those folks. >> let's turn the conversation now to another megamedia deal that may be in the works. dow jones now reporting that at&t is in advanced talks to acquire time warner. the deal could be announced as early as this weekend. our own david faber confirming that the two companies have held talks. take a look at the crowd gathering around the time warner post. the stock had been halted for volatility earlier this morning on the back of that dow jones news. kara, does this deal make sense to you for at&t? first directv and now this? >> yeah. they're still digesting directv. that's interesting. it still hasn't completely been complete the way they probably sho

the most recent example, amazon partnering with vmware.ans customers will be able to run their software on private servers, as well as on amazon web services, and that could help strengthen amazon's lead in the cloud. it already commands 31% of the market, according to cinergy research group, but microsoft's ceo is making moves of his own. for example, he recently announced a new allowance with adobe, which says microsoft azure will be its preferred cloud platform, and that could be a smart way to try and box out the competition. >> all these clouds chess, microsoft-adobe partnership, that's clearly taking aim at salesforce. so salesforce is a leader in crm, their own marketing cloud, in order to have a complete offering, microsoft and adobe teamed up. >> now, one question for investors, what do these recent partnerships mean for the other cloud players? remember, they've been busy, too. ibm also has a partnership with vmware and google can build data centers, as well as any internet giant on the planet. the truth is there won't be one kin

now that you emc and most of vmware, what kind of risks can you afford to take? a privately controlled company, your time horizon is very different. start -- you reimagine your business and think about your business in years and decades. it allows you to reconceptualize how you are investing and what the real priorities are. as dell, that in 2013 we had pretty outstanding results. i'm talking about cash flow by the way in terms of results. standpoint,t share we grew our share in all of our seed markets even if the markets were shrinking. we were growing our shares and generating strong cash flows. dellou reimagine emc plus as a privately controlled company with a long-term time ofizon, it frees up a lot time and allows us to have a much different respective on our business. ♪ ♪ alix: you are watching "bloomberg best." let's get back to earnings. quarterly reports came fast and furious starting monday when that lets an ibm released results after the bell. 20% onlix shares surging better-than-expected scriber growth. they reported adding requests 6 million subscrib

and coming up on squall alley, a huge partnership with vmware. >>> we're continuing to monitor wellsuarterly investor call. john stumpf stepped down this week. our next guest says that's an example of corporate governance working the way it should. joining it's is "new york times" columnist jim stewart, who had a lot to say this week, not just about wells, but taxes. >> a busy week. >> let's deal with wells. you saw it as a positive. he did decide on i had own to sthis own to step down. saying he thought it was a distraction. >> i want to learn more, not saying that's wrong, it's often more complicated than that. the ceo doesn't decide without board consultation. let's give him credit for that. i think it's the right thing to do. people have been saying since the financial crisis, there's no accountability at the big banks, no upper level person pays a price. here we have someone. i will say wells fargo still has a lot of work to do. he wasn't the only one responsible. he may have been at the top. there's a management chain that leads down to the retail workers, we never heard who is

amazon's cloud computing unit partnering with vmware.he ability to run operations on vm data centers and on amazon's web-based services. amazon unchanged vmw up slightly. honeywell trying to make a case for a resurgent 2017. remember shares of honeywell dropped last week when wall street had a negative reaction to guidance. jim cramer talked last night on "mad money." he said he was quote, shocked, about last week's reaction suggesting he was wrong to focus on restructuring and not a longer term outlook in that last announcement. it worked for hon key well at least for today. here's what cody had to say. >> yes, i wish i included a lot more of this stuff. i gave credit for people understanding what our long-term profile was. i was wrong. this is one where i could have done a significantly better job of communicating the story. and we tried to do it in the context of 2017 is going to be good. but it seemed to get totally lost. >> cody says honeywell still predicts 8% to 9% growth in earnings. it's not often you get such a strong mea culpa