Chapter 281: The world changes fast
"Filson, I'm curious, that stubborn old guy, why don't you go to the empty rice country online. Looking at the report in his hand, William White had a strange expression. Or, a little bit of indignation.
If you want to invest in a stock, you need to have a comprehensive understanding of its operations. Then, there is more to be done to short a stock. At the very least, capital adequacy considerations are indispensable.
William White couldn't figure out that NBC Online's valuation was less than 150 billion, while the valuation of Mi Guo Online was very close. From the number of registered users to the number of paying users, it should be said that the number of paying users is slightly weaker, and as for the rest, NBC Online is clearly dominant across the board.
But, you bastard don't go to empty rice country online for Mao?
"Ahem, boss, there are two main reasons. The number of dial-up Internet users is also counted as paying users. If you count email and instant messaging alone, they don't have as many paying users. ”
"Eh, can it still be calculated like this?" William White was a little stunned, the cost of dial-up Internet access is only twenty US dollars a month, not to mention, the profit that can be attributed to Mi Guo Online is actually very limited.
"Yes, in the eyes of most people, the cost of dial-up Internet access is tangible and tangible, although there are many competitors, but millions of user groups, even our think tank, are very optimistic about their development.
Another factor, the negotiation of the acquisition of Time Warner, has made a breakthrough. With such a big uncertaintie, Julian Robertson didn't dare, a bad one, the old guy would lose the bottoms. ”
"The acquisition of Time Warner Filson, this should be said to be a merger or a merger. It seems that Time Warner is used to playing together, hehe, it's just that the two companies with such a huge difference, how do they plan to integrate the management.
Let's take a look. ”
William White certainly knows that behind this merger, there must be those old money families. It's just that why do you think that one plus one can be greater than two. It is very likely that it is equal to two goods.
Mergers and acquisitions are not news in the United States. To put it bluntly, if there is no merger and acquisition, what kind of capital are you talking about? Success cases aside, if we talk about failure, then there is no doubt that the merger and acquisition of Mi Online and Time Warner can be regarded as an unprecedented disaster.
In fact, William White's think tank also couldn't understand the boss's brain circuits. Isn't it an eternal truth to become bigger and stronger, but why don't you do it?
If it was before the emergence of Mi Guo Online, you can say that if you do so, it will easily attract an anti-monopoly investigation by the Ministry of Justice. However, since there is an extra big head, you are still worried about a yarn.
"Filson, in this way, the merger and acquisition is just a certainty, the purpose of your visit today?"
"Ahem, boss, FTC, they want ......"
"No, just send a manager. These damn cysts, now that they believe that the market has the ability to self-regulate, how can they worry about trusts now?
Hehe, the merger of the two companies is a company with a valuation of nearly $300 billion. Oh my God, those old immortals, when they look at their own vaults, they must be in tears, right?
Alas, once upon a time, a company with 50 billion dollars of dollars could be called a great sentence. Okay now, this one may need to be followed by a zero. ”
Filson smiled bitterly, this year at the end of the century, for those traditional tyrants. What a disastrous year. Not to mention the heavy industries such as iron and steel chemical industry, they basically vomit blood at a loss.
Gold, oil, minerals, normally these things are used to fight inflation. However, and the eggs, completely wood useful.
"Ignoring, boss, seems to be such an attitude. They simply sent a marketing manager, and while they also expressed concerns, they were more of a mockery of the committee. ”
"Damn, he won't be able to, right? So, William White doesn't care about the M&A of Mi Guo Online?"
"Yes, boss, there is no intention of falling into a well. ”
"Andy, what does the think tank say, do the new guys come this time, do you have any different opinions?
Alas, am I getting old, all the time, those bastards like to come to our Damo to dig the foot of the wall. Once upon a time, we lost the advantage of talent. "Well, the old guy thinks too much. High-end talents in the securities industry all have a mentor-teacher relationship, and he William White can dig a few. Not to mention PK with Da Mo, it is much worse than those smaller brokers.
"Ahem, boss, there is indeed a disagreement. However, they don't seem to have any data.
So, they have reservations. ”
"Uh, that's okay?"
"Ahem, boss, I just went to communicate again. One of them was forced by me to say,
If this merger is not good for NBC Online, William White is afraid that he would have made a move long ago. However, various data show that the merger of MI Online and Time Warner can greatly enhance their competitiveness.
So, this creates a paradox. ”
"Well, I know what it means, it's just an attitude, let's see. One thing must be certain, William White was a cautious man, and if he could really threaten his position, he would never ignore it. ”
The old guy didn't know, and even William White himself couldn't be sure. At the very least, there is no way for him to determine the short-term stock price fluctuations.
No way, in today's world, it is difficult to say how other things have changed, at the very least, the IT industry has changed beyond recognition. There may be many reasons for the failure of the United States Online in another time and space, but the mixing of the Federal Trade Commission is definitely a very important factor.
What is the Internet all about?
Quick, if you can't do that, everything else is. Or imitated, or annexed, if it can't rise in a very short time, then don't say anything.
As for the Board of Trade?
It's a bunch of the most old-fashioned old guys, and if you expect them to be efficient, it's a big joke.
With more than 100 billion mergers and acquisitions, even if William White has a disapproving attitude, this group of old guys will not be able to let you pass easily.
And then, what about the European Commission?
It's just a matter of learning, you Eagle Sauce dares to shoot the first shot, believe it or not, these guys dare to go into battle shirtless. Anyway, when the time comes, you will be fined hundreds of millions, and then it will drag on for a year and a half, hmph, I don't believe you have any temper.
Ahem, what, is there a way?
Of course, since it is the stronghold of conservative forces. Well, who should be approached to lobby does not need to be considered at all.
What, this is a robbery with open fire. How is it possible, didn't you say the lighthouse country, didn't you say the dish cooked. You can't even do fair trade, and you still talk about it, isn't it too undesirable to have 13 faces.
That's right, it's shameless. Since it can have such a big benefit, why do you have to be embarrassed.
Look at the so-called high-tech companies later, the huge and sensational Google, the unscrupulous acquisition everywhere must die, and the rotten Apple that collects tolls. There is one that counts as one, and there is one that does not have a monopoly.
However, antitrust is more like a joke for them. At most, it's all about paying some protection fees.