Robert's Feed
Jun 24, 2013

Breakingviews:Private equity finds egress easier than entrance

(The author is a Reuters Breakingviews columnist. The opinions
expressed are his own.)

By Robert Cyran

NEW YORK, June 24 (Reuters Breakingviews) – Private equity
is finding the egress a lot easier than the entrance.
Blackstone’s (BX.N: Quote, Profile, Research) sale of Vanguard Health Systems (VHS.N: Quote, Profile, Research) to
rival hospital chain Tenet (THC.N: Quote, Profile, Research) for $1.7 billion is just the
latest example of a successful cash-out. The leveraged buyout
firm led by Steve Schwarzman more than doubled its money on the
deal. Finding suitable investments – and companies that will
accept private equity cash – is harder.

Jun 21, 2013

Breakingviews-Microsoft’s bucket list needs more realism

(The author is a Reuters Breakingviews columnist. The opinions
expressed are his own.)

By Robert Cyran

NEW YORK, June 21 (Reuters Breakingviews) – Microsoft’s
(MSFT.O: Quote, Profile, Research) bucket list needs a tad more realism. The U.S. software
giant dreamed of “Windows everywhere” in its wildly successful
youth. Now, the firm seems to be racking up new experiences
while it still has strength. It has decided not to take on
Amazon (AMZN.O: Quote, Profile, Research) at e-commerce, according to the Wall Street
Journal – and that’s good. A narrower focus could prove more
rewarding.

Jun 19, 2013

Dish refines guerrilla campaign against SoftBank

(The author is a Reuters Breakingviews columnist. The opinions
expressed are his own.)

By Robert Cyran

NEW YORK, June 19 (Reuters Breakingviews) – Dish Network
(DISH.O: Quote, Profile, Research) is refining its guerrilla campaign against SoftBank
(9984.T: Quote, Profile, Research). The satellite TV company won’t be increasing its bid
for Sprint (S.N: Quote, Profile, Research), it announced late Tuesday. Barring any
last-minute surprises, that paves the way for Japan’s SoftBank
to buy the U.S. telecom provider for $21.6 billion. Instead, the
satellite pay TV company is concentrating its efforts on
acquiring a chunk of Sprint’s subsidiary, Clearwire (CLWR.O: Quote, Profile, Research).
Dish’s switch in tactics may yet be enough to force SoftBank to
sign a peace agreement.

Jun 17, 2013
via Breakingviews

AT&T is all dressed up with nowhere to go

Photo

By Robert Cyran

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

AT&T is all dressed up with nowhere to go. The telecom company had a $93 billion bid for Telefonica blocked by Madrid, according to a Spanish newspaper. The target has denied that it received any expression of interest. But the report is a sign of the problem AT&T faces: it has a lofty stock multiple, which makes M&A tempting, but it seems shut out of both domestic and foreign deals.

Jun 17, 2013

Breakingviews-AT&T is all dressed up with nowhere to go

(The author is a Reuters Breakingviews columnist. The opinions
expressed are his own.)

By Robert Cyran

NEW YORK, June 17 (Reuters Breakingviews) – AT&T (T.N: Quote, Profile, Research) is
all dressed up with nowhere to go. The telecom company had a $93
billion bid for Telefonica (TEF.MC: Quote, Profile, Research) blocked by Madrid, according
to a Spanish newspaper. The target has denied that it received
any expression of interest. But the report is a sign of the
problem AT&T faces: it has a lofty stock multiple, which makes
M&A tempting, but it seems shut out of both domestic and foreign
deals.

Jun 8, 2013
via Breakingviews

U.S. online spying leak could harm Silicon Valley

Photo

By Robert Cyran
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

The latest leak detailing U.S. online spying could harm Silicon Valley. The National Security Agency and the Federal Bureau of Investigation are mining data from Internet giants including Google, Facebook, Yahoo and Microsoft. The publication of some details may provide a privacy selling point for those not cooperating, like Twitter. It could also encourage other governments to engage in what might be called data nationalism.

Jun 7, 2013

Breakingviews-U.S. online spying leak could harm Silicon Valley

By Robert Cyran

NEW YORK, June 7 (Reuters Breakingviews) – Spy agencies are
mining data from Internet giants including Google, Facebook,
Yahoo and Microsoft. The publication of some details may provide
a privacy selling point for those not cooperating, like Twitter.
It could also encourage other governments to engage in data
nationalism.

Full view will be published shortly.

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Jun 6, 2013
via Breakingviews

U.S. defense on Big Data as murky as industry’s

Photo

By Robert Cyran and Antony Currie

The authors are Reuters Breakingviews columnists. The opinions expressed are their own.

The Obama administration argues the National Security Agency’s secret collection of Verizon phone records doesn’t compromise privacy and is good for the country. Wall Street and Silicon Valley often make similar claims. History suggests it often ends up better for those controlling the data than for those supplying it.

May 23, 2013

Security is diversion in $20 bln-plus Sprint fight

(The author is a Reuters Breakingviews columnist. The opinions
expressed are his own.)

By Robert Cyran

NEW YORK, May 23 (Reuters Breakingviews) – SoftBank (9984.T: Quote, Profile, Research)
and Dish Network (DISH.O: Quote, Profile, Research) have pulled out the stops in their $20
billion-plus battle to control Sprint Nextel (S.N: Quote, Profile, Research). But SoftBank
has the edge. Dish’s claim that Japanese ownership of the U.S.
cellphone operator is a risk to national security is half-baked
and shows boss Charlie Ergen’s desperation.

May 21, 2013

Breakingviews:Property investors take pitiful governance cake

(The author is a Reuters Breakingviews columnist. The opinions
expressed are his own.) (Refiles to widen distribution.)

By Robert Cyran

NEW YORK, May 21 (Reuters Breakingviews) – A segment of the
U.S. property sector takes the pitiful governance cake. A
shareholder revolt has been audaciously ignored at two real
estate investment trusts with a combined market value of nearly
$7 billion and their family-run manager. The situation
represents only the latest example of the wretched practices
plaguing the sector.

    • About Robert

      "Robert Cyran, U.S. tech columnist, joined Breakingviews in London in 2003 and moved four years later to New York, where he continues to cover global technology, pharmaceuticals and special situations. Robert began his career at Forbes magazine, where he assisted in the start-up of the international version of the magazine. Before working at Breakingviews he worked as a market researcher and reporter covering the pharmaceutical industry. Robert has a Masters degree in economics from Birmingham University and an undergraduate degree from George Washington University."
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