Chairman and founder after that stubhub cash deal from ebay. Five years ago, alibaba pulled off its biggest ever ipo on wall street today, the biggest share sale in hong kong in years. The listing is being seen as a triumph for a stock exchange. It comes as prodemocracy protest have gripped the city for weeks. Joining us from washington, john freeman, Vice President of Equity Research at cfra. If you look at the company raising an additional 11 dollars, where do you see that use of in terms of that cash . John it will be interesting to see what they do. I think that brings them to about 43 billion in total, 21 in net cash. I would like to see them invest more heavily into the Cloud Business which is a percent of revenue now, it was growing 64 yearoveryear growth in the last quarter. We have seen this movie before, how the Small Business scales with amazon. 12 of revenue, 70 of profit. As it crosses the breakeven point soon and they can offer additional services, i think that would be a
Minute right now what we really want to do is talk about the hp xerox. Did we move that up well talk about that now because hp board unanimously rejected that bid from xerox to take over that company its weird it was like a reverse pacman a much Smaller Company buying a much bigger one. 22 a share is not in the best interest of its shareholders and undervalue hp. Letter to xerox ceo they sited the potential impact of outsized debt levels at the combined companys stock. They left the door open with the possibility of acquiring xerox. Looks like it would be a good deal but well take over you it was strange either way combined company same debt . Potentially it was odd when i was reading through the letters. Xerox saying they lined up what they thought could be financing that citi group could eventually get for them that seem like a couple stretches. We havent got the highly confident letter from the drexel days from citi on that. In the meantime, new this morning, fedex ceo fred smith is
Impact of the u. S. Withdrawal from syria and it date 30, connecticut represented jim hides on the latest House Democrats impeachment inquiry. Ost good morning, everyone we will begin with last nights democratic debate on and your thoughts on who is the front runner in this race. Republicans, 2027488001. Democrats, 2027488000. Independents, dial in at 2027488002. You can text if you send your name and city and state at 2027488003. Or join the conversation on twitter at cspanwj and facebook. Com cspan. Dialing in, we will get to those thoughts in a minute. Lets begin with the debate and the former Vice President being asked about his son, hunter, and his involvement in ukraine. [video clip] speaks for statement itself. I did my job, i never spoke to my son about a single thing having to do with ukraine. We always kept everything separate. There would be no potential conflict. My son made a judgment. I am proud of the judgment he made. I am proud of what he had to say and lets focus on t
Would want to or feel they had to kill a man of that age. It is tuesday night. The big story on action news is the philadelphia p. D. Searching for a coldblooded killer. Annie mccormick is live at Police Headquarters with the latest on this. Annie . Jim, at this hour, police have no motivate and no suspects. They hope for tips to come in from the community. The 85yearold was not only loved by his family but also by the people in his closeknit neighborhood. I had to find my father today. Kimberly vaughan made the horrifying discovery inside her fathers north Philadelphia Row home. Willie cooper was found in the basement stabbed around 20 times. Vaughan spoke to her father daily. She grew concerned not hearing from him today. I felt in my heart and i should check on him and i came and found him. Crime scene investigators spent hours at the scene after medics pronounced him dead after 3 00 p. M. There was forced entry into the basement and Police Believe it happened some time today. Nothi
Action news, delaware valleys leading news program, with jim gardner. This is the 5300 block of add sop street in west philadelphia. This was the scene of murder today. The victim, an 85yearold man. Tonight, police want to know who would want to or feel they had to kill a man of that age. It is tuesday night. The big story on action news is the philadelphia p. D. Searching for a coldblooded killer. Annie mccormick is live at Police Headquarters with the latest on this. Annie . Jim, at this hour, police have no motivate and no suspects. They hope for tips to come in from the community. The 85yearold was not only loved by his family but also by the people in his closeknit neighborhood. I had to find my father today. Kimberly vaughan made the horrifying discovery inside her fathers north Philadelphia Row home. Willie cooper was found in the basement stabbed around 20 times. Vaughan spoke to her father daily. She grew concerned not hearing from him today. I felt in my heart and i should ch