Robert's Feed
Sep 25, 2013
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Maybe Gates should follow Ballmer out of Microsoft

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

Maybe Bill Gates should follow Steve Ballmer out of Microsoft. Allowing Ballmer to buy Nokia’s smartphone business as he exits will saddle his replacement with a flawed strategy. The company’s founder and chairman bears some responsibility for this and other missteps. With under 5 percent of the shares – scarcely more than Ballmer owns – Gates matters more to his charitable foundation than to Microsoft these days.

Sep 24, 2013
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M&A diplomacy features in $29 bln tech deal

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

Applied Materials and Tokyo Electron have showcased M&A diplomacy in their $29 billion deal. The U.S.-based producer of semiconductor-making equipment heeded local sensitivities and ceded governance duties in the proposed acquisition of its Japanese rival. At the same time, most of the financial benefits will accrue to its own shareholders. The merger is a delicate inauguration of Abenomics-style corporate reform.

Sep 19, 2013
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Old HP sets breakup example for new HP

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

The old Hewlett-Packard has set a breakup example for the new Hewlett-Packard. Spun off in 1999 with the company’s original testing products and research DNA, Agilent Technologies is considered by Silicon Valley veterans as the “real HP.” It has outperformed its former parent and is now splitting to create yet more value. HP can learn from its progeny.

Sep 19, 2013

Breakingviews- Old HP sets breakup example for new HP

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

By Robert Cyran

NEW YORK, Sept 19 (Reuters Breakingviews) – The old
Hewlett-Packard (HPQ.N: Quote, Profile, Research) has set a breakup example for the new
Hewlett-Packard. Spun off in 1999 with the company’s original
testing products and research DNA, Agilent Technologies (A.N: Quote, Profile, Research) is
considered by Silicon Valley veterans as the “real HP.” It has
outperformed its former parent and is now splitting to create
yet more value. HP can learn from its progeny.

Sep 17, 2013
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Pandora may spin new theme song: The Consolidator

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

Pandora looks like it’s spinning a new theme song: The Consolidator. The $4.3 billion internet radio firm is still losing money and the industry’s growth is slowing. Yet the stock has been on a tear, up more than 150 percent since the start of the year. Selling shares prudently shores up the balance sheet. It also gives the new boss – who knows about M&A – a chance to buy smaller rivals nipping at Pandora’s heels.

Sep 13, 2013
via Breakingviews

Dell hell concludes, lessons probably unlearned

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

The hell that was Dell has at last ended. But its lessons will probably go unlearned. Shareholders have finally approved the $25 billion buyout by founder Michael Dell and Silver Lake, after three postponed votes and a measly two percent price increase. Overconfidence and delay got the better of both sides – and speculators succumbed to their overactive imaginations.

Sep 11, 2013
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Apple gives finger to the skeptics

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By Robert Cyran

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

Apple has given the finger to the skeptics. That’s not obvious from the stock price, which slid 2.2 percent – knocking some $10 billion off the company’s market capitalization – after Chief Executive Tim Cook and his colleagues unveiled two new iPhone models on Tuesday. But with this round of upgrades, Apple may have just started a mobile payments revolution.

Sep 9, 2013

Apple event more likely evolution than meteor

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

By Robert Cyran

NEW YORK, Sept 9 (Reuters Breakingviews) – Apple’s (AAPL.O: Quote, Profile, Research)
investors and fans are clamoring for a world-changing new gadget
at the tech giant’s media event on Tuesday – a watch, a TV or
something hitherto kept secret. History and rumors suggest they
will have to be content with small improvements on existing
devices. Financially, a deal to sell iPhones through China
Mobile (0941.HK: Quote, Profile, Research) could matter more.

Sep 4, 2013
via Breakingviews

LinkedIn’s toppy stock sale is better than buying

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

LinkedIn’s toppy stock sale looks a lot better for shareholders than an overpriced buyback. The $27 billion job-focused social network is raising another $1 billion. With $900 million in cash and rising profit, it doesn’t really need the money. But when a company trades at over 1,000 times reported 2012 earnings and more than 800 times estimated earnings for this year, selling stock makes sense.

Sep 4, 2013

Breakingviews-LinkedIn’s toppy stock sale is better than buying

By Robert Cyran

NEW YORK, Sept 4 (Reuters Breakingviews) – The $27 bln
job-focused social network is raising another $1 bln. With $900
mln in cash and rising profit, it doesn’t need it. But when a
company trades at over 1,000 times 2012 earnings, selling stock
makes sense. At least it makes a change from firms doing
overpriced buybacks.

Full view will be published shortly.

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