Chapter 226: Investing in Oracle
As a listed company, Oracle does announce the company's quarterly earnings, but Larry Ellison didn't expect that Zheng Yan had paid attention to it, and listening to that, Zheng Yan also knew something about Oracle's current stock price.
Until then, Larry Ellison had been an extremely confident and even somewhat egotistical person who thought he was in control. But in today's negotiation with Zheng Yan, he suddenly felt that things were a little out of his control. Still, Larry Ellison seemed to have caught on to something.
"Zheng Yan, presumably before this, you already had the idea of investing in Oracle, right?"
Larry Ellison thought that Zheng Yan was interested in Internet-related industries, and it was not strange to pay attention to Oracle, but the problem was that Zheng Yan paid too much attention to it, and Larry Ellison suddenly felt that he had the initiative in the negotiation again.
Zheng Yan also understood that he had revealed a lot of information, so he made Larry Ellison aware of his intentions, and in order to take back the initiative in the negotiations, he remedied: "Yes, since the last time we met at Leonard's house, I had the idea of investing in Oracle, so I have been paying attention to Oracle's situation. ”
"But as you know, before that, Oracle had always been a star company on the NASDAQ, and it wanted to invest, and the funds involved were very large, so I had been investigating. ”
"After a few months of investigation, my interest in Oracle is still there, but I can't help but consider the risks. ”
All in all, in a word, I am very interested in investing in your company, but there is a premise, that is, the price should be right.
Zheng Yan knew that although he had rounded things up, there were still some problems. Since he has spent several months investigating Oracle, his interest is certainly not ordinary, and his interest in Oracle is Larry Ellison's biggest bargaining capital.
The so-called saying too much is wrong, not saying it is good, after Zheng Yan finished speaking, he picked up his wine glass and took a sip of wine to hide his weakness.
In fact, Zheng Yan himself also ignored one point, except for him, no one can assert the future development of Oracle. Looking at the entire NASDAQ, there are thousands of listed companies, and there are not a few companies that are favored by countless people today and will usher in bankruptcy liquidation tomorrow.
Because Zheng Yan knew the potential of Oracle, although he said that it was very risky, he had subconsciously ignored the risks of this investment. In Larry Ellison's view, Zheng Yan's risk assessment was entirely reasonable. In fact, it's not just Larry Ellison who thinks so, but Leonard and Bill Miller on the side also think so.
Larry Ellison was also a little entangled in his heart, in fact, in his heart, Zheng Yan was not the most suitable financing target this time. At present, Oracle's market value has fallen by nearly 40%, and if there is a financing fund from an internationally renowned investment institution, it will undoubtedly give Everbright investors confidence and promote the stock price to recover. The reason why he chose to negotiate with Zheng Yan first was only because of Zheng Yan's interest in the Internet industry. After all, Oracle is the brainchild of Larry Ellison, and if the price of the shares is too low, it is inevitable that he will be a little unwilling.
Before coming to New York, Larry Ellison had already contacted several financing institutions, but the price was not satisfactory to him, so he took advantage of the opportunity of Cisco's listing to try his luck.
"Zheng Yan, I admit that what you said is the truth, but there is another point, before this, Oracle's profitability has been very good, this crisis is only because the pace of Oracle's expansion is too big, I believe that after this crisis, Oracle will be able to go to a higher level. ”
"At present, Oracle can be said to have completed its global expansion plan, and the next step is to harvest the fruits, at least in the future, there is no need to bear the risks brought by expansion. ”
Larry Ellison has always believed that the Oracle crisis occurred because it expanded too quickly, but only Zheng Yan knew that Oracle's biggest problem was the management personnel. Although Larry Ellison is the founder of Oracle, he is still a programmer and is not good at business management.
There is a problem with funding because of the expansion too fast, which seems to be a problem with funding, but it is actually a problem with people, because Larry Ellison didn't do a good job of budgeting, just unlimited expansion, so this situation will occur. Of course, Zheng Yan knows that Larry Ellison is aware of the problem and will soon improve it.
"Larry, I'm not afraid to give you a clear idea, if it's $200 million in exchange for 12 percent of Oracle's shares, then I'm okay with that. Trust me, I know more about Oracle than you think. ”
Larry Ellison saw a strange smile on Zheng Yan's face, and his heart suddenly felt a little uneasy.
According to historical development, because of this crisis, Oracle once exaggerated its financial situation and misled the public to inflate its stock price, which eventually caused Oracle's stock price to fall all the way. In the end, a long-term lawsuit was held, and although it was finally settled, Oracle also paid more than $20 million in compensation.
Zheng Yan doesn't know if this situation has occurred now, but one thing Zheng Yan can be sure of is that even if Oracle's financial statements for the first two quarters are not exaggerated, Larry Ellison already has plans in this regard, after all, Oracle's situation is indeed not optimistic, and in the face of the continuous decline in stock prices, Larry Ellison will definitely not be able to sit still.
"No, Zheng Yan, you know, if it's this price, I think there will be a lot of financing institutions willing to finance Oracle. Although I believe in your financial strength, your participation will not have an impact on the company's public opinion, nor will it help the company's stock price to recover. ”
Although the price given by the financing institution contacted before was lower than Zheng Yan's offer, it can affect investors' confidence in Oracle to a certain extent, and Larry Ellison does not think Zheng Yan is a good choice.
Zheng Yan also knows where his shortcomings are, if the investment in oil futures has ended, then Zheng Yan will definitely not give in, but unfortunately there is no if in this world.
"Larry, I can raise up to $250 million, this is already my bottom line, if you still can't accept it, then I can only say sorry. ”
"Okay Zheng Yan, I hope we have a happy cooperation. Tomorrow if I have time, I would like to introduce a friend to you. ”
Larry Ellison finally agreed to Zheng Yan's terms.
As for the friend that Larry Ellison said, although Zheng Yan was a little curious, he didn't ask much, anyway, he could see him tomorrow.