Chapter 605: Fruit Shell CEO (II)

Carly Fiorina unexpectedly became a Fruit Shell mobile phone, which caused a lot of discussion at home and abroad.

"This female devil who brought down HP has finally decided to scourge Huaxia Enterprises"

"Is Guoke a Huaxia enterprise?"

"It should be a Silicon Valley company, wasn't their predecessor Apple's vice president Rubinstein?"

"HP fans finally don't have to worry about Carly continuing to plague HP, but is it time for them to change to another one?"

American friends have an indifferent attitude towards Carly Fiorina's appointment, and there is no problem whether it succeeds or not. It's different in China, although Carly's annual salary is less than $2 million, but this is tens of millions of soft girl coins. And he also hired a famous loser, and the husk is too generous.

"Let Carly Fiorina, who collapsed HP, take up a new position, what does Feng Xing think?"

"It's really not going to poach Apple's Tim Cook," said an insider, but the idea was too good

"Why don't you let me go, tens of millions of soft sister coins" Friends who didn't wake up from their dreams

"The appointment of Cari Fiorina means that Shell will continue to drive the development of overseas markets. Carly Fiorina's rich experience and connections in Lucent and Hewlett-Packard will help the internationalization of Guoke mobile phones," an expert

"The success of Guoke made Feng Xing forgetful, this is not a rational choice, she is not the best choice for Guoke," a scholar

No matter how criticized by the outside, Zhou Shi will not easily regret it since he has taken the risk and made a choice, and he does not suspect that he does not need to use people, since he had this idea from the beginning, it has been more than half a year since he contacted Cali Fiorina, and he has communicated many times during this period, especially after meeting many times after returning to the United States, Zhou Shi is also relatively familiar with Cali Fiorina. Apparently she is a very good person at marketing herself, and Guoke needs a leader who introduces herself to the world. In the previous life, Xiaomi had Lei Jun, and Huawei had Yu Dazui, especially Yu Dazui, sacrificing his personal image and appearing in public like a clown at the beginning. This is a proof of the continuous learning and progress of the leader, and it is also the painful process of maturing the domestic brand, and the subsequent development has also paid off Yu Dazui's efforts. Carly Fiorina's experience will make her and Shell's marketing more level.

Guoke wants to be listed, but the assessment is not profit-oriented, but from the brand building, distribution system, future development, business development and other dimensions of a comprehensive assessment, in the final analysis, it depends on the satisfaction of the directors, more specifically Zhou Shi's satisfaction. Time Holdings, Sixiang Fund and Galaxy Capital are the three shareholders of Guoke, even if Guoke, it will give up 10% of its shares, plus less than 5% of the employee stock ownership plan, Sixiang Fund may give up part of its equity to repay its debts. In other words, the husk is still under his absolute control.

"Guoke is not only a mobile phone company, but also a high-tech enterprise, and I came to make Guoke go from one miracle to another," Carly Fiorina said in an interview with the media in Hong Kong, where she went directly to Hong Kong to participate in the listing as soon as she accepted Guoke's appointment. This has led to a polarization of those who trust the husk and those who do not trust more distrust. However, Zhou Shi didn't care, even if the abundant cash flow was lent out of $2 billion, it didn't have a big impact on the shell. His pre-IPO fundraising is more about balancing various relationships at home and abroad, and not everyone has the opportunity to enter, and it is not necessary to give the opportunity.

Shortly after arriving in Hong Kong, Carly Fiorina released its first official financial report, with a total revenue of US$16.6 billion, HK$129.5 billion, and a profit of US$3.5 billion in fiscal year 2010. Yes, the Fruit Shell phone is profitable. It can be seen from the business structure of Guoke that his main R&D investment is in Spreadtrum Snapdragon and Guoke P, but there is only one chip, and the R&D cost is relatively low. The R&D costs of the operating system are all borne by Time Holdings. It can be said that the R&D cost of Guoke has been extremely low, although this year has increased investment in advertising, and has also begun to build Guoke flagship stores in first-tier cities around the world, as well as the construction of dealer systems, which has increased the burden. But in recent years, the profit margins of smartphones have been extremely high, and it is understandable that there are such net profits. Historically, Apple's revenue this year is 65.2 billion, and the net profit is $14 billion, because PPSR's revenue has not really appeared, Apple's fee devices account for more than 35% of the revenue source, and the profit margin of this part is not as high as that of smartphones, plus Apple's R&D costs are higher, the profit margins of these two companies are temporarily similar It should be said that it makes sense!

No one thought that Guoke would have such a scale, and the last semi-annual report was based on the domestic calendar year financial report, and this time it was the United States' alternate year financial report. No matter what kind of financial report, as long as the basic figures are accurate, you can basically know a lot from it. Coupled with Deloitte's endorsement, the credibility is still very large. Zhou Shi Feng Xing didn't do anything about it. Up to now, listing is not necessary, there is no shortage of funds and no lack of popularity, and there will definitely be no listing without a suitable premium husk.

Even if you compare the stock price of Guoke and Apple, the net profit of $3.5 billion corresponds to a market value of more than $50 billion, plus the patent layout of Guoke is more perfect, and Spreadtrum has patent protection, relatively speaking, the risk is actually lower than Apple. Apples can have a P/E ratio of 16 times, and there is no reason for the husk to be worse than this.

The investment institutions that are not strong quickly withdrew from Guoke, but this is not important, Zhou Shi does not care much about these investment institutions at home and abroad. Anyway, the opportunity is given, and if he doesn't have the strength to blow bubbles for the husk, the investment institutions that pull up the valuation are not what he needs. One of the most important things right now is:

"I think that according to Zhou Shi's contribution to Guohu, we should give him a corresponding equity reward, and this can deepen the public's confidence in Guohu. "Cali Fiorina proposed at the internal meeting of the husk, and no one dared to object. So it was submitted to the board of directors for approval, that is, to report to Zhou Shi.

"It's not necessary, I can control the husk indirectly. "Zhou Shi called Carly Fiorina, although he knew that her intentions were not pure, but, you know

"Indirect control is different, to ensure that the shell company operates according to your ideas, you must retain a certain amount of shares, and it cannot be less than five percent" Carly Fiorina explained to Zhou Shi on the phone, if it is indirect control of a listed company, the existence of fiduciary responsibility will greatly reduce Zhou Shi's control over the enterprise. Because it is responsible to all shareholders, not just major shareholders. This is also the reason why the family often struggles to keep the company after the death of the founder of the company. Even super voting rights are only valid in the hands of the owner, and any form of transfer will be invalid.

"More than five percent of the shares?" Zhou Shi hesitated, this is not good. At a valuation of $50 billion, five percent is $2.5 billion. Is it appropriate to transfer such a large benefit?

"You can buy a portion of it with the employee price!" Carly Fiorina once again gave Zhou Shi a step.

"Then I'll think about it again," Zhou Shi