Chapter 310: Loss of $100 billion

While Li Zetian was working on the development of the World Wide Web, Oracle's IPO plan was in full swing!

Oracle's total sales reached $3 billion last year, and with the further popularization of computers and networks, sales will increase further in the future, and Wall Street investors are optimistic about Oracle's development.

As is customary, Wells Fargo is naturally one of them. In addition, this time we have joined the umbrella insurance company.

With the full support of Li Zetian, the umbrella insurance company has developed rapidly and has a considerable scale, and has been qualified to serve as the lead underwriter of Oracle's IPO.

On May 1, 1987, Oracle was officially listed, and Li Zetian went to NASDAQ again to ring the bell.

In this IPO, Oracle issued a total of 100 million shares, accounting for 20% of the total share capital, at an issue price of $12 per share, or a pre-IPO valuation of $6 billion.

On the day of the listing, Oracle's stock price skyrocketed, with a pre-closing stock price of $18.6 and a market capitalization of $9.3 billion.

"The market capitalization of technology stocks is so high!!"

"Looking at the situation, Oracle's market capitalization must exceed $10 billion. How did Li come up with the idea of investing in this company in the first place, it's just too discerning!"

“……”

After people saw the listing of Oracle, they were shocked, and they were full of admiration for Li Zetian's investment vision.

The Wall Street Journal couldn't help but describe Li Zetian as follows: "The genius of any investment world at the moment is in Chronos· Li is overshadowed in front of him, he is the real king of investment!"

The Los Angeles Times reported in detail how Li Zetian invested in Oracle in the first place, and only spent millions of dollars, but got a 10,000-fold return.

One successful case after another happened to Li Zetian, which is not luck, but strength. Nowadays, many people regard Li Zetian as the "vane of the investment community", but as long as he invests in the direction, he will not be wrong.

Li Zetian did not stay in New York for long, and soon returned to Los Angeles to devote himself to work.

For him, the listing of enterprises has become commonplace, and it is not a big deal.

A month later, Li Zetian and Sun Microsystems worked hard to finally develop the World Wide Web.

When the project was completed, the office erupted in laughter.

A smile also appeared on Li Zetian's slightly tired face, and he whispered to Dr. Jim Clark, the CEO of the company standing beside him: "This World Wide Web is the first version, and it is not very perfect, we can first send it to the Internet, let everyone download it for free, and then collect user feedback, and then make modifications and improvements." ”

"Hmm. Jim Clark nodded and said with a smile: "This is a good solution, let everyone help us find bugs!"

Li Zetian thought for a while, and then said: "In addition, it is best for us to hold a press conference to focus on announcing the World Wide Web, which on the one hand plays a propaganda role and on the other hand is conducive to the establishment of standard !!."

"Okay, I get that!" said Jim Clark.

"Dr. Jim Clark, you've got the World Wide Web in your hands!"

“Mr· Li, you can rest assured, I will let the development as soon as possible. When there are more people who use it, our EB server will be able to make money!"

"Hmm. ”

Li Zetian immediately took his leave and went to the Clay Laboratory.

Last time, Li Zetian proposed the combination of supercomputers and artificial intelligence, and now, Evolver Robotics has sent people to Clay Labs to collaborate. Li Zetian is also a leader in the field of artificial intelligence research and development, and he is very interested in artificial intelligence against the world chess champion. Therefore, he has been involved in the development of two projects, artificial intelligence.

Now, after development, he can devote all his energy to developing artificial intelligence.

It is a development without difficulty, but artificial intelligence is a big challenge, especially since the current supercomputer is not very fast to be calculated.

In Clay's lab.

Li Zetian looked at everyone and said in a deep voice: "In two years, we must develop an artificial intelligence that can play chess! I know that it will be extremely difficult for an artificial intelligence to defeat the world champion, but the more challenging things are, the more accomplished it will be! Do you have confidence?!"

Everyone united and responded in unison: "There is !!"

"Okay, everybody get back to work!"

……

……

In early June, Sun Microsystems held a press conference.

The press conference was full of people.

"Oracle has just gone public, and Microsystems has held a press conference, so it won't be something shocking, right?"

"Quite possibly! Li has been at Sun Microsystems for the last few months, and may be secretly developing something, but it should be revealed today!"

"Oh!"

At the beginning of the conference, Sun Microsystems invited a large number of schools, enterprises and research institutions, and after the conference began, Jim Clark was concise and solemnly recommended the World Wide Web to them.

When everyone heard this, they were shocked.

"Everyone, please look at the big screen, this is the official website of Sun Microsystems that we made with the World Wide Web!"

There is a web page on the screen with a profile of Sun Microsystems, products, communication comment sections, and related news.

Although it was simple, it shocked everyone in the audience.

"It's the World Wide Web, it's so interesting, it's so practical. ”

"It's all on one page, just like a book!"

Seeing the excited reactions of the crowd, Jim Clark smiled: "No matter where you are, as long as your computer is connected to ARPANet, NSFNet, and SprintNet, you can log in to the website and browse information through the Internet, which is very convenient." As you can see, there is also a comment area on the page, you can leave us a message, and we will try to reply to everyone!

Of course, people are also using the World Wide Web to develop their own websites. Good news for everyone, Chronos· Li said that in order to promote the development of the Internet and promote the exchange of information, he is willing to make the World Wide Web free forever!"

What the?!

Free forever?!

When people heard that the World Wide Web was completely free, they were all amazed and thought they had heard it wrong.

A middle-aged man at the front of the stage couldn't help but ask loudly, "Mr. Jim Clark, is the World Wide Web really free forever?"

"Yes, it's always free!" Jim Clark nodded and smiled.

Hearing the affirmative answer, everyone in the audience was excited.

Even though they didn't recognize the value of the World Wide Web, they knew that it was very good, and they could use it themselves, and it was a very good web product.

After the event, many people stayed behind to ask Sun Microsystems to take a closer look at the World Wide Web.

A month on, the rollout of the World Wide Web has gone well.

Many universities, businesses, and institutions around the world use the World Wide Web.

According to data from global domain name agencies, more than 1,100 domain names have been applied for this month.

At the same time, there were some bugs on the World Wide Web, but since the product was free, Microsystems made timely modifications and improvements based on the bugs that came back.

Li Zetian secretly thought that when the World Wide Web matured and there were more users, he would launch a browser. Haste makes waste.

……

One afternoon, Li Zetian was working on artificial intelligence in his office.

Dongfang Yuqin suddenly walked in, with a serious face, and said, "Mr· Li, the think tank just called me and told me something. I think it's a bit serious and you need to make a decision!"

Li Zetian frowned slightly and asked, "What's the matter?"

Dongfang Yuqin sat opposite him and said in a deep voice: "They have found that they think that a major stock market crash may break out in the United States!"

When Li Zetian heard this, he was not surprised, and secretly said in his heart that they had speculated that the United States would break out on "Black Monday".

“Mr· Li, they say that this stock market crash is not trivial! The US economy has been in recession, and it stands to reason that the Dow Jones index should fall. However, the reaction in the stock market has been very abnormal and has been rising. If it accumulates over time, it is likely that there will be problems. Recently, there have been signs of a decline in the stock market, and the fluctuations up and down are relatively large, and if one is not good, it may cause an avalanche and lead to a major stock market crash!" Dongfang Yuqin said with a serious expression, "I think the analysis of the think tank is very reasonable, so I am in such a hurry to inform you!"

Li Zetian said very calmly: "Well, I also think that the think tank's analysis is reasonable! The US economy affects the whole world, and if a stock market crash occurs, it will inevitably affect the whole world." You go and give orders, and in recent times, the company has shrunk its fronts and kept funds in order to deal with the disasters that may occur next. ”

Dongfang Yuqin hesitated for a moment and asked, "Mr· Li, if the think tank is wrong, then if we do this, we will slow down the company's development......"

"I'm not afraid of 10,000, I'm afraid of what if. ”

"Okay, I see. ”

Just as Dongfang Yuqin was about to leave, Li Zetian called out to her: "Oh, by the way, how much money does the umbrella company still have on its books?"

"At the end of last year, we paid $8 billion in dividends, and there were $2.4 billion in dividends. Now there's a total of $10.8 billion !!"

"Well, so much money, enough for us to deal with the stock market crash. At the same time, you can also take the opportunity to eat other companies!" Li Zetian said with a smile, then waved his hand and said: "Okay, it's okay, you can go and get busy! After you are done, help me collect some information about big companies!"

"Hmm~~"

Li Zetian sent Dongfang Yuqin away.

After so much time this year, Li Zetian has not taken any big action, and the umbrella company has left enough funds, just waiting for the appearance of "Black Monday".

Time passes day by day, and Li Zetian will be paying attention to the situation in the stock market tomorrow.

By October 16, the Dow Jones index began to fall significantly, losing more than 91 points (about 5%) on the day.

Still, people think it's normal.

There are falls, and there are naturally rises.

The 17th and 18th are Saturdays and Sundays, respectively, and the stock market is closed.

Two quiet days passed quietly.

On October 19, the Dow Jones Industrial Average in New York suddenly plummeted, and it was quite a plummet.

At this time, the New York Stock Exchange was crowded with people, and everyone was terrified!

"What's going on?Why did it fall so much all of a sudden?!"

Because at the opening, it fell too sharply, causing panic among stockholders, and the stock market then plummeted, which can simply make people have a heart attack.

The U.S. stock market has fallen so badly, and other places have naturally been greatly affected.

At 10 o'clock in the morning Hong Kong time, the Hong Kong stock market opened on time, the Hang Seng Index was affected by New York as soon as it opened panicked down 120 points, closed down 235 points at noon, and closed down 420.81 points throughout the day, closing at 3362.39 (more than 10%), and the futures index fell by more than 300 points in each month. The collapse in Hong Kong led to a general decline in Asia-Pacific stock markets, and the effect spread like dominoes to European markets as they opened in different time zones, and finally circled the globe back to New York: the Dow Jones Industrial Average fell sharply by 508 points (more than 20%).

Such a large global stock market does not calm down all at once.

In October, Hong Kong fell 45.8%, Sydney fell 41.8%, London fell 26.4%, and New York fell 22.6%.

The Los Angeles Times reported: "Due to the outbreak of the global stock market crash, Chronos· Li's worth has shrunk severely, losing at least $100 billion!"

Li Zetian smiled faintly at this: "Brother has lost $100 billion, obviously more than $100 billion! However, Brother doesn't care, anyway, the stock price will rise back in the future." Now, it's time for my brother to harvest!!" Dongfang Yuqin collected a lot of company information for Li Zetian before that, especially in the telecommunications industry and banks.

“Mr· Li, your decision at that time was really very decisive, the stock market crash really broke out!" Dongfang Yuqin couldn't believe it until now, especially when this stock market crash was so serious, her beautiful eyes flashed with admiration when she looked at Li Zetian.

Yu Jingqiu, who was sitting on the sofa and applying a mask, was also surprised, and couldn't help but say: "This stock market crash came so suddenly, there was no sign at all. My dear, it's shocking that you can deduce Black Monday from just a few clues!"

Li Zetian got used to the "take-it-or-leave-it" doctrine, was very thick-skinned, and said with a smile: "It's nothing, how can the US stock market crash escape my clever plan! After I saw the intelligence of the think tank, I also thought that the stock market crash was extremely explosive, so I naturally had to make a decision on the spot!"

Yu Jingqiu looked at him with a hint of doubt and said, "I don't know why, how do I feel that you have known since the beginning of the year that there will be a stock market crash in the United States?"

Li Zetian's expression was stunned, I'll take it, is this a woman's intuition?

"Uh, how is that possible......" Li Zetian shook his head.

"In the past two years, after the dividends were in hand, you kept thinking about spending them. The dividends of 1986, but you stayed. ”

The weather was already very cool, but Li Zetian felt cold sweat.

"Because it's been a year or two, the rate of depreciation of the dollar has begun to decrease. Umbrella companies need to keep some of their funds in case of emergencies, such as this Black Monday. ”

"Well, yes!"

Yu Jingqiu responded, and then lay on the sofa, his head resting on Li Zetian's thigh.