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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
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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.

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Sep 3, 2013
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Verizon puts AT&T’s acquisition willpower to test

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By Robert Cyran

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

Verizon just put AT&T’s acquisition willpower to the test. Growth in the U.S. mobile market is slowing, and as AT&T learned the hard way, competition concerns preclude any transformative domestic deals.

Aug 23, 2013
via Breakingviews

New Microsoft CEO needs “less is more” mindset

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

The next boss of Microsoft needs a “less is more” mindset. Chief Executive Steve Ballmer is finally on the way out. A $20 billion bump in the company’s value following the news shows just how badly investors wanted a new approach. The wasteful “try everything” strategy should go.

Aug 22, 2013

HP throws M&A wrench in turnaround gears

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

By Robert Cyran

NEW YORK, Aug 22 (Reuters Breakingviews) – Hewlett-Packard
(HPQ.N: Quote, Profile, Research) has thrown an M&A wrench in its turnaround gears. Chief
Executive Meg Whitman helped the troubled tech firm regain
investor trust by patching the hole left in its balance sheet by
her predecessors’ deal-making. Now she reckons a return to M&A
could help stem HP’s declining revenue. No wonder shareholders
had, by midday on Thursday, vaporized $6 billion of the stock’s
value.

Aug 21, 2013

Facebook effort could help poor, itself – and you

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

By Robert Cyran

NEW YORK, Aug 21 (Reuters Breakingviews) – A Facebook-led
(FB.O: Quote, Profile, Research) effort to connect the world’s poor to the internet won’t
be easy or offer huge profits. A third of the planet already
logs on, and the 2.4 billion people earning less than $2 a day
aren’t quite an advertiser’s dream. But communication aids
development, and improved data compression and transmission
technologies benefit everyone.

    • 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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