Techquity: Yahoo could tumble with Tumblr, Tim Cook vs. IRS
Friday, May 17, 2013 - 03:06
May 17 - Reuters Breakingviews Columnist Rob Cyran gives his take on Yahoo's reported interest in buying Tumblr and Apple CEO Tim Cook's scheduled appearance before Congress on tax issues.
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Yahoo! Bristol-Myers where the web site on its way to becoming just another LL. So what better way to added it is street cred and buying Tumblr the picture blogging site -- testers went Yahoo! reportedly mulling paying one billion dollars for the site. Promise Tumblr is like a lot of young actors lots of potential but hasn't quite figured out how to get a job. Companies only made only made about thirteen million dollars of revenue last year according to Forbes. And I figure should rise rapidly through increased use is sponsored posts and charging users for better analytics. With -- mr. Graham interest and other social blogging sites fighting for supremacy. One billion dollar acquisition of Tumblr could just be a really financially embarrassing way for you are totally cool. -- shares roughly flat today. Apple Tim cook's going to Washington next week proposed tax reforms as not because he can't figure out at 1040. Apple wants the government to charge companies less in taxes when they repatriate profits earned overseas. But that was important for apple it has about a hundred billion dollars stashed offshore. And sport for many other multinationals as well US companies have a one point seven trillion dollars stashed overseas estimates JPMorgan. That could could argue the system is flawed because other countries typically don't tax profits earned overseas. They told the Washington Post that reduce their tax rate overseas earnings will encourage more investment in US. It's really unlikely last time there's a tax holiday and overseas earnings there is no bump and aren't here capital expenditure. The money is spent in buybacks and dividends instead. And I can -- wrong that be good for apple shareholders the facts really have much to do with debate on tax stocks down fractionally today -- 430. Another company with a lot cash parked overseas and Microsoft. But like apple -- chairs have been hitting highs along with the market share is reaching 3439. Today another 52 week high. They began surging about a month ago an activist investor value act capital disclosed that it take it two billion dollar stake which would make it a top twenty investor. Shareholders are betting its involvement will force the companies spend its cash for wisely. New products like windows eight in the service tablet aren't exactly -- computing world to its mobile software and phones from Nokia and others this story negated this -- traction. Besides value activity -- apple says getting more involved Microsoft as well. The firm upped its stake by more than 10%. There remains a small player in the stock soaring and sputtering time look at movers soaring as biased that. The wireless communication provider posted quarterly results well above forecasts boosted in part by higher government spending. -- that 15% to 52 week high. And sputtering ought to ask the software company missed earnings -- estimates on sales declines and cut its full year revenue forecast stocks down 7%. That's tech it's Friday -- everything follows a quarter RG RS equity I'm -- Syrians. And this is writers.
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