Chapter 393: Timing of the Strike (Page 1/1)

In the following days, the Nasdaq index has been declining, but it has not fluctuated much, as Sumu expected.

There are constantly news of the company's capital chain breaking, and the tragedy of the company's bankruptcy and bankruptcy continues to occur, constantly testing the psychological tolerance of shareholders.

The whole of Silicon Valley is going through a major reshuffle, and more and more companies are laying off employees and cutting down on corporate expenses in order to survive the cold winter.

Silicon Valley, which used to be bustling, has recently begun to become depressed, with fewer smiles on people's faces, dragged down by the stock market downturn, and many houses have "for sale" signs on the lawns in front of their houses, and almost no one cares about them.

Money shortages are coming.

Everyone knows that Su Mu has money in his hands, so the number of corporate executives who found his company to try to seek funds has suddenly increased, and it is difficult to maintain the inflated valuation in the past, and a video software company raised funds at a valuation of 200 million US dollars three months ago, and now as long as 40 million US dollars, you can get 45% of the company's shares.

There are also founders of small companies who originally thought their companies were worth 10 million dollars, but now they only need to give them two or three million to buy them as a whole.

After the myth of the stock market was shattered, the first to suffer were small and medium-sized companies in Silicon Valley, which had no liquidity to keep the company going, and the Internet industry suddenly became a "minefield" for investors to avoid contact.

Investors are afraid that the money they have invested will be lost in a blink of an eye, and no one knows what the future will hold, so many investors and investment institutions with money in their hands are waiting and seeing.

After the end of the second quarter of 1996, major companies have announced their financial reports, Microsoft, Intel, IBM and other companies in the second quarter profits are still rising, so the stock price rose again, Penguin Apple's profits are also four percentage points higher than the first quarter, which makes many shareholders hang back in their stomachs, with performance profits as support, even if it falls will not fall too much.

The Internet companies founded by Su Mu, such as OO and Bee, are still in a state of making ends meet, but the profit is much better than in the first quarter, which has a lot to do with Su Mu's vigorous expansion of profit channels, coupled with the rapid growth of the number of users, the stock price still rises in the short term in the state of loss, but the rise did not last long, and soon fell back.

A group of small and medium-sized enterprises had a hard time, Su Mu was not in a hurry to make a move, and he was still waiting to see at the beginning of August, until the end of August, when the Nasdaq index fell sharply again, and most of the cash flow of those companies was about to bottom out.

He looked at the data terminal made by Bloomberg News, which showed that the Nasdaq 100 index had fallen below 2,700 points, and finally he couldn't bear it anymore, and lay on the sofa in the living room of his home, and asked Lily, "Do you smell anything?"

After taking a few breaths, Lily frowned, "You didn't wash your feet?"

“…… I wear slippers today, how can my feet stink, and your feet stink too. ”

Su Mu threw her middle finger and continued: "The air in Silicon Valley is full of the smell of opportunity and money, do you want to go with me to make a profit, many small and medium-sized Internet companies have recently begged me to finance their enterprises." ”

Lily's tone was puzzled: "Don't you think it will fall to two thousand two hundred points, isn't it too early to make a move?"

"I'm not a god, where do I know when the lowest point is, but judging from the recent market pessimism, it is possible to fall another two or three hundred points, not too much, the bubble has almost been squeezed out.

Who can find the lowest point accurately every time to buy, as long as you pick a good company, the possibility of future profits is far greater than the possibility of loss, which is worth my bet, I carefully studied the development history of Berkshire Hathaway when I was a student at Yale, in fact, Mr. Buffett is not always sure, he likes to buy a large number of company stocks with high profit prospects at the right price, which is the secret of his victory. ”

"So that is, you think it's a good time to get in. ”

"That's right, the book wealth I have recently has fallen by tens of billions of dollars, and I have to make up for it, this time I am going to play a big game, and I have screened out more than 60 companies worth investing in, with a total investment of about 4.7 billion US dollars, and I plan to inject capital into the Galaxy Group, in the name of our charitable foundation. ”

"Wow that's so much, I don't understand, you think I can invest, the charity fund has enough money, so which company should I invest my money in?" Lily asked him.

"Intel, Microsoft, Oracle, you just invest in them, I will invest in the riskier ones, and these three companies are relatively stable, I have read their financial reports for more than ten years, and the market prospects are also very good......"

Su Mu really planned to make a move.

During this period of time, other companies have laid off a large number of employees, causing the employees of his companies to be panicked, for fear that one day the knife will fall on their necks.

After learning the news, Su Mu asked his CEOs to issue an announcement, announcing that the old method would still be used, and employees who failed the internal assessment would be dismissed, and there would be no large-scale recruitment in a short period of time, and many employees were relieved.

While stabilizing the "Internet empire", in recent months, except for an online payment software, he has not made any big moves, the only thing worth people's attention is that Penguin Apple and Su Mu jointly funded the establishment of a subsidiary "Apple mobile phone", because it will be equipped with Mac-OS operating system, so it is independent in addition to the computer department, and got a mobile phone manufacturing department.

Investors don't even know what a "smart phone" is, but they think it looks cool, so Penguin Apple's stock price rose slightly, independent development software, hardware development department has been established, and at the same time, it is also discussing patent licensing with major mobile phone manufacturers, and parts procurement will wait for the prototype to be produced before talking, because the software is not difficult, the difficulty is to make the performance of the smart phone pass, to match a variety of new electronic components, want to really develop it, it is estimated that it will have to wait until the beginning of next year, not in a hurry.

……

The first day of September.

Su Mu and Lily's son, Su Lin, was sent to a regular public school in Nevada, a five-day-a-week boarding school, and the school was neither good nor bad.

The couple plan to expose their son to the lives of ordinary people, and he is at a very strong learning stage at this age, so he doesn't need to stay too long, just let him understand that life is not always smooth sailing, and when his mind is stable, he can be sent to a prestigious school such as Eton College to receive education and training in high society.

Just today, Su Mu drove an old pickup truck, wearing short-sleeved shorts to send his son to school, and said in a lost tone: "Son, our family is bankrupt and has no money, so you can't spend money lavishly, and the living expenses are only fifty dollars a week, understand......"

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