Units. The shares of hp are jumping up over 6 in the premarket. John thwart is joining us this morning. And i said to john, should meg whitman have done this three years ago . I was going to ask either one of you experts, when was the first time that it was positive or suggested that hp should split into a combination of businesses . I think its ten years, isnt it . Well, they actually did turn into a combination of businesses 15 years ago in 1999. Agilent is getting ready to split off, too. But heres there looking around, what do i do . How about splitting the company into two . It seems like old is new, new is old. When she first came to the company, they had positive guys. And he said no. Her predecessor in the ceo seat wanted to sell the pc business off entirely. They couldnt find a buyer at the price that they wanted. Lenovo was rumored to be sniffing around and ended up picking up she said they were staying together definitivety at that point, right . At that point but that was e
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employment report. forecasters say the economy very likely added 150,000 private payrolls. at 8:30, we ll get that weekly jobless claims number. also a revision to the first quarter gdp. and later in the morning, we ll get chicago pmi and kansas city fed survey. and one more potentially market moves item, may same store sales, all throughout the morning from the retailers. and that can give us a little bit of an indication of how the consumer is feeling. costco comps up 4%. that was a little bit short of consensus. let s get you up to speed on the top corporate news. i m standing right now on a little bit of a putting green. we ll get to that. jm morgan reportedly spitting out the special investments group from its troubled chief investment office. financial times saying executives are taking steps to clean up the division that caused the losses. the unit will be moved to the corporate division and prevented thousand from seeking fresh investment opportunities. we ll have t
reporter: you may spend a chunk of your time on facebook. but, it s unlikely you ll get even a morsel of the i.p.o., at least not at the offering price. that s because underwriters give priority to their best clients, usually institutions. most retail investors will have to wait to buy the stock until it begins trading on the nasdaq. that means they ll probably pay more than $40 a share, perhaps a lot more. analyst nick einhorn thinks facebook will open at $50, a price he says is still worth paying. i think you could certainly justify that price if you have good assumptions about the company s ability to keep growing quickly and not hit mature growth rates too soon. s&p says, if history is any guide, similar i.p.o.s have debuted strongly in the last decade. the average first day gain among the largest top 10 technology i.p.o.s is about 31% gain on the first day. but, is facebook a buy at any price? that may depend on revenue growth from online ads, and the potenti
reporter: you may spend a chunk of your time on facebook. but, it s unlikely you ll get even a morsel of the i.p.o., at least not at the offering price. that s because underwriters give priority to their best clients, usually institutions. most retail investors will have to wait to buy the stock until it begins trading on the nasdaq. that means they ll probably pay more than $40 a share, perhaps a lot more. analyst nick einhorn thinks facebook will open at $50, a price he says is still worth paying. i think you could certainly justify that price if you have good assumptions about the company s ability to keep growing quickly and not hit mature growth rates too soon. s&p says, if history is any guide, similar i.p.o.s have debuted strongly in the last decade. the average first day gain among the largest top 10 technology i.p.o.s is about 31% gain on the first day. but, is facebook a buy at any price? that may depend on revenue growth from online ads, and the potenti