WSJ's Gina Shon on Microsoft investing in Barnes & Noble
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Tami Luhby, CNN MoneyTami Luhby, CNN Money
out there. All my family is out and Antarctica there in -- hockey players all these Bruins players that you love -- -- where you think they're from either from you figure from Massachusetts. What -- -- the American players on the crossed amber is here now so why. Why did you leave. My dad a transfer okay Kampman you'd still be their -- guys that are not facts you'd go back tomorrow -- if you. The problem is I'm not a good enough occupier he it to be. Saskatchewan. Produces more hockey players per capita than any other place in the world to -- a -- paid attention the past couple weeks. But supposedly the number one hockey player in the world it turns out. He's not that Iraqi player you know he is that it is just that the other Canadian playing against -- is a better player. -- birdie is a better player than Sidney Crosby . When he doing and you look at the game of hockey -- get ready looks at the offensive side of hockey chemicals that yet now it's a two -- game you gotta be of the play defense Sidney Crosby can't play defense he sucks and the defense he's he's he's a wimp. And he doesn't play. That's an uncle Chris Chelios . Give me a belt made him but he running each. Is. Like rich rich this is embarrassing to to stop that knowing that Jack and Roenick now. Wage on the island -- got your -- -- these. Players I sound yet I've actually her -- The hall of famers I mean it the best like Bobby or he's from Canada and -- now he's from Saskatchewan. Wayne Gretzky he's from -- In isolating it like that's your national sport that you didn't see any baseball players made it in the -
Casey Ross, Boston Globe, on PriceWaterHouseCooper's
Casey Ross, Boston Globe, on PriceWaterHouseCooper's
right now are taking a look at the waterfront -- the new real estate option. Then moving to a different officers bank put you know they want to establish -- -- exciting new abandoned building and so. The seaports and interest and opportunity that drawing a lot of companies trying to. Why I think I like the financial district to that what's the big attraction of the seaport area you name it may be a mess it's. Poll. It's cheap and it's that's the main thing is that you know right up there looking around at look at okay -- and I moved to and another office building downtown and I stay put. You know that the currently rate or should I mean he moved to the seaport there's a -
Shawn Kravetz, Esplanade Capital
Shawn Kravetz, Esplanade Capital
been and then. We'd like to buy the whole company and then negotiated transaction . Do you own any shares in the company now. We do we heard the second largest outside shareholder. The family owns roughly 90%. Of this company. DE Shaw. Very very large hedge fund in New York City is the largest outside shareholder and we are number two. Why panel why they're why they hesitating to solitude they must feel that the shares are worth Maurizio I think I can conclude. Well. I don't wanna speak for them but I suspect you're right on the money. They had no idea that and they know there's a lot of value there. And I guess they're confident that someday they will get that we would like to help shareholders get that values sooner rather than later. Because. We thought the assets -- well. You made the statement that you feel the -
What's Up On Wall Street - Andy Cinko, Bloomberg News
What's Up On Wall Street - Andy Cinko, Bloomberg News
we asked a question of the day which had to do with Social Security And collect your Social Security for retirement age or are you going to collect literally. 73%. Of Americans collect their Social Security early in the vast majority of cases I think that's a mistake but people do it for any reasons. When I came up with June and I think is a good idea for us to talk about is you know we're sitting here and and and acting all high and mighty. As it relates to this discussion about Social Security in the back the matter is we have access to tremendous resources on this topic whether the courts are now ski. Who worked for the departments of security for 37 years or whether it's Chris Farrell was a reporter for Bloomberg we have access to a lot of data. What I would like to do is make this information on Social Security Tips to maximizing -- worst Social Security benefits I'd like to make it available to our listening. I think it's they I think it's important. You know people refer to it I think some 97 -- as areas of securities of Ponzi scheme this. I disagree with you respectfully -- disagree with you but you know -- more importantly. Please educate yourself on Social Security Call this phone number it's 508591. 5444. Asked for the guide about Social Security tell the I would pay -- wanna learn more about Social Security Barry seems to know a lot you know why I read a -- I studied this stuff every day it's what I do for a living. 5085915444. Is the number you should call. Call them. Tell -- you're listening to the financial exchange and you want to learn more about how he can maximize your benefits. Out of Social Security I think you'll be glad you made the call I know I was glad when I read the report on Social Security Maybe a more informed consumer. 5085915444. Up next Sean Kravitz he's the president of a hedge fund. That has been trying for
Automatically Generated Transcript (may not be 100% accurate)
-- you get some help from our listeners here. Help -- -- help her name help for making a phone today in answering your question as to why men died before -- I want to -- Because they can't I got a lot of those responses. I -- have a 183. Text messages saying why -- men died before -- because they want also that's those bad you know and -- for a one says very looks at one of those construction workers who stand around watching everyone else were -- they must be referring to that total. In front of my car now with the hard hat that I have no idea why you I have a whole year you were. I told you -- was going on route 120 traffic was -- -- never know you might have an accident. So you don't -- he would just see wouldn't you next time you there's a roll over on 128 in somewhere in my helmet you're not wearing your helmet. And see who survives what you just where the hockey I think you're sorry you had to act I wonder too many concussions you know we played basketball in the day. -- Seattle let let's take -- a quick segment here and we're gonna talk to Gina Chon from the Wall Street Journal about this Microsoft buying Barnes & Noble. Deal Gina welcome to show -- you don't. I am okay thanks for having meals. It Gina tell us -- you know we were trying to make heads in and -- of this is Barnes & Noble. Deal is is this effectively take over a Barnes & Noble by Microsoft. Well it can compare well. A limited -- -- and it basically setting up they Japanese subsidiary that will contain that their business and the addition of -- -- college textbooks and Microsoft we'll have about almost unique in person state -- not so that they will you know now be. Have some wet but no leadership and connection if you aren't an -- but not yet quite a powerful takeover. So is this an an attempt to you know getting in on the apple action on the iPad action -- -- Nokia's very. It has very small. Market penetration in that arena. Sherron and Barnes and -- they're my expectation is that kept my phone behind apple -- and iPad app says they're hoping that down to roll out of windows eight which. The Barnes & Noble I'm in the cap will be a part of will help jump start -- competition prayer for my -- -- that they were they really need them you know. To speak and -- space. Microsoft's pretty far behind and they don't have any product of their own right they didn't make their own tablet. Yeah actually of their they're starting Q try educated on man action with the windows April should be up. Coming out later this fall and they're all frustrating Q build up their App Store which -- you know -- currently under which apple at 200000. No they really need to get going on -- front. How far behind is enough technology wise from your estimation Gina. Come when you compare to the iPad. I mean that they've actually. And pretty attractive at least they can do everything that he iPad -- but in terms of its great point people feel like it's. But the problem with burns and noble are headed in such a calf strain to have that kind of investment in technology can't explain -- to update. Unfit to stand for it so they really need and ask someone with deep pockets then that's her Microsoft payment. That's where they come in they've always got the -- a -- to cash Microsoft -- -- yeah. We'll look at the market cap per for Barnes & Noble even if it's like have a billion dollar company. This is nothing there for Microsoft could could just take over the whole company they probably don't want the whole company. Yeah now I don't know don't be crazy about you know. And bricks and mortar -- after -- -- -- has been at least for its. It and that can come in at college books that have faced off some opportunities there. Are right would you thank you very much for your time we appreciate your insight into this deal you Microsoft. Making a fairly significant investment in Barnes & Noble thanks a lot. By the way June if you happen to own shares of Barnes & Noble their symbol is BK yes shares are trading up 64%. Six while OK and so and there's -- those people. Rich they're today happy they're very very happy that course that you never know how long held and I mean Barnes and all who years ago was a 5060 dollar stock so -- they held it a long time to just make impacts of their losses.
