The patents but hardware, some 2,000 patents and trademark portfolio going to lenovo. First new phone to come out of the deal was moto x that came out last year. Has not been a big hit. Multiple price cuts. Meantime lenovo is on major acquisition spree, making this deal just days after buying ibms low server business. The deal does still need to be approved in the u. S. And china. Googles c. E. O. Said in a blog post, this will enable google to devote our energy to drive innovation across the android ecosystem for the benefit of smart phone users everywhere. On a side note, this does not signal a larger shift for our other hardware efforts. C. E. O. And founder of tech economy joins us from new york. And brad is here from us in the studio. Is google trying too hard to be apple . Yes and no. No in that the deal in 2012 primarily happened because of intellectual property. Tons of litigation, threatened litigation in the android world. They wanted the patents. And they wants to quell moto
Twitter iness to turkey. Ignoring a court order to remove content. Many are outraged. Many feel that the president circumvented the block and tweeted that the ban is unacceptable. A moreill be personalized app. Career be from the history, seniority, and connections to show more relevant articles. It will be released in the third quarter. Outlines its policy on when it can search user email accounts after revelations that it scanned the emails of a blogger who had microsoft trade secrets. Surge will not search emails unless there would be a court order. Even of the search takes place, it will only look at relevant information. Now to the top story of the day. Tech executives, including eric schmidt meeting with president obama today at the white house to talk about the nsa and government surveillance. Melissa meyer was also invited but could not make it on such short notice. Megan hughes is in washington. Has this meeting that going on for two hours now . We understand from sources insi
It is a new alternative to melt away all of the recent ice across the united states. We will give you details over the next hour. But first, headlines of carol master. Thank you. A hefty tax for jpmorgan. They will pay two point 6 million on criminal allegations. U. S. Attorney is discussing the settlement. Jpmorgan never filed a single suspicious at to the report in that you asked and never raised a concern to the antilaundering department in the u. S. In other words, the bank connected the dots when it mattered to its own profits, but was not so diligent when it came to its legal obligations. It Micron Technology reported earnings. Firstquarter sales topped estimates. 300 58 million. In washington, extended benefits for the longterm unemployed. The benefits that expired on december 28 1. 3 million far. Cans it may not go house leaders to not currently plan to build a vote on that issue. Back to you. Thank you. The growth of online video is exploding. It accounts for more than half of
This is the new alternative to melt away all the recent ice across the united states. We will tell you that. First headlines with carol master. A heavy price tag for j. P. Morgan. They will pay 2. 6 billion dollars to resolve allegations that fail to stop the ernie madoff scheme. E they never failed found a concern. The bank connected the dots when it mattered to its own profit. It was not so diligent when it came to its legal obligations. Micron technology reported earnings after the bell. They said firstquarter sales topped analyst estimates. 300 58 million. In washington, the senate advanced legislation extending benefits for the longterm im next unemployed. It will be restored for three months. The move may not go far as house leaders do not currently plan to hold a vote on that issue. Here are some top headlines. The growth of online video counts for more than half of all the traffic in north america. Half. One service that is writing this the chief executive of the company. Thank
Box still has not turned a profit and is losing more money than it is making. With me is our tech editor ari levy as well as leslie picker in new york. Joining us via skype is the director of a financial resource company. Francis, what is your take on these numbers . I look to a lot of the Cloud Companies focused on enterprise software. I look at the quarterly earnings, loss, and sales. For the most recent quarter, they had less than 40 million in revenue. Their loss was more than 40 million. They are riding the wave of the Cloud Company hysteria. I think they want to be dropbox, but i think it is premature. I did speak to aaron levie, the ceo of box, about the timing of the ipo. He has always said 2014 is the year. Take a listen to a portion of that interview. Ipo is on the path. You told us 2014. Are you still on track for that . I have said words like it could happen that year. I think i would still use those words. He is one of the more colorful ceos in the tech community. Ari, wha