On this trading day, Apple's stock price is still falling.

The opening price was $5.47, and it fell below the $5 mark within an hour of opening, and in the afternoon of local time in the United States, a technology media officially broke the news that Steve Jobs resigned as CEO of Apple.

In order to save the decline, Apple urgently issued an announcement, in which Tim Cook, who was responsible for sales management of Apple, was appointed to take over the position of Jobs and become the new CEO of Apple, and said that the 43-year-old Tim Cook has worked in IBM and Compaq for many years, and has joined Apple for five years.

Jobs recognized Tim Cook very much, five years ago Tim Cook joined Apple, it was Jobs who took the initiative to invite, and in recent years, Jobs has been cultivating Tim Cook as a future successor.

However, consumers didn't expect much from Tim Cook, and Apple's stock price only rose slightly to close at $4.53.

Another day of slaughter.

The stock price and market capitalization shrank by 17% in a single day, which sends chills down the back.

At the end of this trading day, Apple's market capitalization is only $4 billion, and although all the actual negative news has been exhausted, if Apple can't find a real way to save the decline in the business line, Apple's stock price will continue to fall for a period of time in the future as investor confidence continues to lose.

This kind of decline, like a blunt knife cutting meat, is bound to be a long and endless pain and nightmare.

……

The first thing Louis Martin did after arriving at the hotel was to immediately have a conference call with Sequoia headquarters, Sequoia was very concerned about Li Mu's every move at this time, especially when they felt that Li Mu might have plans to launch a multi-billion dollar commercial acquisition, so they were even more eager to know what Li Mu thought.

Louis Martin reported in detail the whole process of meeting with Li Mu today to the Sequoia board on the other end of the phone, and finally, he concluded: "Although I don't understand what value Apple has to Makino Technology, Li Mu's determination to eat Apple is really very strong, and whenever he talks about privatizing Apple, I can feel his excitement." ”

Sequoia's senior management said in surprise to one of the most proficient bigwigs in capital operation: "What does Li Mu like about Apple? Apple's really profitable product lines have been killed by him in seconds, and now Apple is a mess, take out all its business lines and compare them with Makino Technology, you will find that Makino Technology does not need Apple at all;

Apple's unique business lines do not bring any help to the existing industries of Makino Technology, and its own profitability is very weak, and the cost of continuous research and development is very high; and the overlapping part of Apple and Makino Technology will definitely be a burden to Makino Technology in the future, even if Apple is now priced at $5 billion privatization acquisition, there are at least a billion US dollars in the valuation of the two industrial chains of iPod and iTunes, what is the point of Li Mu buying these two industrial chains back?"

All Sequoia executives fell silent.

No one can figure it out.

Why did Li Mu buy apples?

With Li Mu's shrewdness, it is impossible not to see the pit here, the acquisition of Apple is to buy back a huge, unprofitable mess, Li Mu buys back Apple, it is impossible to keep iTunes and iPod, otherwise it is fighting with himself, but iTunes and iPod have nothing for him to digest, he can only buy it back and put it aside, which is a complete waste of money.

As for Apple's other business lines, it really doesn't make sense.

When the chairman of Sequoia was puzzled, he suddenly asked: "Is it possible that Li Mu's acquisition of Apple is for some kind of strategic layout? Or is it to clear the obstacles for the future of Muye Technology? We can't stop at our level to measure Li Mu, this guy is generally far away, maybe the acquisition of Apple is of little use to him at the moment, but it will be of great use in the future." ”

"It's also unlikely. Louis Martin said: "I have carefully studied Apple's current business line, in addition to iPod and iTunes, the rest is the Mac computer business, IMAC-G4 sales are not very good, the market share of the macOS operating system is also low, and now Microsoft is coming to the ground, the Mac business will inevitably be more affected in the future, even if Apple belongs to Li Mu, Li Mu is difficult to do the Mac business line." ”

After speaking, Louis Martin said: "Reminder, Li Mu has actually invested in a computer manufacturer called Shenzhou in Huaxia, and promoted the government to introduce a policy of benefiting the people with the Internet, this policy is intended to accelerate the increase in the number of Internet users in Huaxia, as well as the number of terminals connected to the Internet, which is equivalent to Li Mu has been helping Chinese consumers overdraft their home computer budgets in advance, and even if he gets macOS, it is difficult to promote macOS to the Chinese market." ”

Li Mu's desire to win the apple is extremely strong, not to mention Sequoia, even if the apple itself knows, he can't guess what Li Mu wants.

In Li Mu's view, the current apple is a uranium mine whose atomic energy has not yet been discovered, and people only see the value of his land, but cannot see the wealth contained in his underground, so the valuation given to him is also measured by the price of the land, but once the atomic energy is discovered one day, the price of this land will break through the sky.

The "atomic energy" that Li Mu is looking forward to, one is the mobile Internet, the other is the smart phone, the mobile Internet is the general trend, and the smart phone is the key link for Apple to complete its transformation.

Until Li Mu's rebirth, no company in Huaxia has the ability to develop a set of operating systems with real use value, whether it is a computer or a mobile phone, but, Apple has this technical background, and it even has a set of macOS system, this thing is the mother of iOS, but she is still a yellow flower girl today.

Li Mu firmly believes that as long as he gets Apple before the arrival of the mobile Internet era, the macOS system will naturally become his own bag, and the rest is to give Apple's engineers an overall salary increase, so that they can develop the iOS system on the macOS system.

At that time, I am afraid that the business behavior of Makino Technology to acquire Apple will become the most successful acquisition in the history of human enterprises, and there will be no one.

Think about the investment of billions of dollars, which can support the market value of hundreds of billions of dollars in the future, which is definitely an operation that has never been done before or since.

Chairman Sequoia didn't understand Li Mu's thoughts, he smacked his lips and said: "Let's not study why Li Mu wants to buy Apple for the time being, what I am more concerned about now is how Li Mu is going to buy Apple, he doesn't have so much disposable cash in his hand, and the funding gap is still very large, does he have any plans to refinance?"

"Nope. Louis Martin poured a basin of cold water on the chairman and said: "Li Mu has made it clear that he is not ready to refinance before the IPO, and financing at this time is equivalent to suffering huge disguised losses." ”

Sequoia's chairman sneered: "It doesn't matter if you don't raise money, you can't take Apple as a key acquisition, right?"

After that, he added: "It is basically impossible for Li Mu to get billions of dollars in cash now, Makino Technology is not listed, most of the valuations are virtual assets, the proportion of net assets is too low, it is simply not enough to support billions of dollars in loans, and when the company is not listed, there is no way to pledge even the shares, who will give him so much money? Taobao's redundant funds are converted into hundreds of millions of dollars at most." Moreover, Huaxia has foreign exchange controls, so how can he exchange this money for US dollars and bring it to the US market? If Li Mu wants to raise tens of billions of yuan in China and then exchange them for US dollars, it will be almost a pipe dream! Li Mu wants to buy Apple without financing, money is not the fundamental problem, foreign exchange is the biggest key!

Louis Martin said: "I also wonder about this, what Li Mu means now is to let me help assist his team in preparing for the acquisition, and then go to negotiate with Apple, and he didn't tell me how to pay after the negotiation is successful." ”

Sequoia Chairman said: " Tomorrow after you meet with Li Mu, give him a cooperation plan, Sequoia is willing to borrow $3.6 billion interest-free to Muye Technology, this money can be repaid after the successful IPO of Makino Technology, if Li Mu does not want to IPO in the short term, the time can be graced to three years, but the condition is that Makino Technology wants to be valued at $80 billion, and then dilute three points of shares to us, in this way, he only needs to sacrifice three points, and he can get $6 billion in cash to buy Apple. ”

In the view of the chairman of Sequoia, the reason why Li Mu is unwilling to finance another round of capital is nothing more than that he does not want to dilute the shares, if Li Mu wants to finance 6 billion US dollars now, the current shareholders of Muye Technology will at least collectively dilute 7-8 points, if Li Mu dilutes so many shares at this time, who is Li Mu may not be able to agree, but everything can be discussed, since 7-8 points you are too much, then I will ask for a little less, you dilute three points of shares to me, I will give you 2.4 billion US dollars, and then lend you 3.6 billion US dollars for you to use slowly, this is always very interesting？

Sequoia has a lot of hot money in its hands and has been looking for various investment projects, most of this money is private equity funds, as long as Sequoia promises a rate of return, you can take this money to do venture capital in the world, like Sequoia's top veteran capital, because of the strong capital operation ability, hands and eyes are open, so there is as much money behind it as you want, today said that you are ready to lend Li Mu 3.6 billion US dollars, and countless people will take 36 billion US dollars to the door at night.

Sequoia also has to pay interest rates for $3.6 billion, but the reason why it is willing to lend Makino Technology interest-free is mainly to be able to use $2.4 billion to re-invest in the shares of Makino Technology at three points, and the shares of Makino Technology at three points, even if it is diluted after the IPO, it can be worth at least four or five billion US dollars, and if it is held in the long run, the potential benefits are greater, far greater than the interest that needs to be paid for lending $3.6 billion to Makino Technology for several years.

Louis Martin naturally understands the chairman's intentions, since he can't bite off a large piece of meat, then take a small bite and give some other benefits, so it's okay, right?

So he immediately promised: "Don't worry, chairman, I will go to Muye Technology early tomorrow morning to talk to Li Mu in detail!"