Chapter 734: The Current Situation in Silicon Valley
For Cisco's appearance on this stage, Li Yadong really didn't expect it earlier.
He always knew something about this legendary big business.
If memory serves, the company was founded in 1984 by two faculty members at Stanford University, Mr. and Mrs. Bossak and Mr. and Mrs. Lerner.
The origin of the quirky name "Cisco" is that the couple likes the pronunciation of "San Francisco" in San Francisco, as well as the "Golden Gate Bridge", a representative building in San Francisco. They originally wanted to use "San Francisco" as the company name, but according to U.S. law, no company can use the name of the city as the brand name of its products, so they used the last five letters of "San Francisco" "cisco", and "Golden Gate Bridge" as the company's logo to represent connection and communication through signals.
Although the two men founded the company for only five dollars, they designed and built the first product, a multiprotocol router, and built the first true LAN system, making large-scale network interconnection a reality.
The multi-protocol router also became the basic building element of the network, meeting the urgent needs of the development of the Internet, so that Cisco made great strides in the next few years.
Now it is no longer a small company in the middle of Stanford University, but a tech giant rooted in Silicon Valley with billions of assets.
It stands to reason that Cisco shouldn't be bad for money, even if it's poor, there should be no shortage of investors, how could they suddenly take the initiative to find here?
Li Yadong's heart was full of joy, but also with doubts.
"Dear audience and friends, I guess this person doesn't need to introduce himself, let us welcome with the warmest applause, the new technology star from Silicon Valley - the CEO of Cisco, Mr. Morgridge!" Will cheered, driving the atmosphere of the audience.
This made some professional viewers in the audience, who were originally a little unclear, show their expressions one after another.
Let's just say why after this person appeared, the bigwigs in the guest seats and the round table had strange expressions.
As ordinary people in the era when the Internet was not yet popular, they may not know about Cisco, but most of them have heard about the wealth that Cisco has caused.
Two years ago, in 1990, the shares of the Internet equipment manufacturing company went public, and the founders, Mr. and Mrs. Bossaks, became rich overnight and became veritable billionaires.
And the billionaires of this era, even in the United States, are numerous.
There was thunderous applause in the studio, and Mogerich bowed slightly and said: "Thank you to the audience, thank you Mr. Li, thank you to the representatives of the investor, and thank you to the three guests." ”
"Oh, Mr. Morggerich, you can stand here, I think many of the audience friends didn't expect it, including me, can I take the liberty of asking a question?" Will said with a smile.
"Okay, you ask. Morgeridge nodded.
"Is Cisco bad for money?"
There was a burst of laughter from the scene, everyone loved Will, and he could always ask what everyone was thinking.
"Mr. Will, I can answer your question from a different angle. Mogridge smiled, looked at Will and said, "Why don't Mr. Will go to Silicon Valley for an interview, ask Intel, AMD, Microsoft, Apple, Oracle and other companies, and ask them if they are almost bad for money." ”
"Oh?" "Is Silicon Valley so poor? As far as I know, it's the birthplace of wealth and technology?"
"That doesn't mean companies aren't bad for money. ”
Morgerich not only solved Will's doubts, but also solved many people's doubts, and said with a smile, "The computer field is currently facing a major change, once it is crossed, the way of life of human beings will be completely changed, but it is not easy." Change means innovation, and innovation means continuous breakthroughs in science and technology, and high-tech research is very costly.
"I know people have heard a lot of rumors, such as how Apple Lisa sells, how much money Apple makes, etc., but a few people know that in recent years, Apple has been spending 20% of its revenue every year on project research? In addition, there are thousands of employees who need to support their families, and all of this requires money.
"So guys, there are a lot of so-called multimillionaires and even billionaires in Silicon Valley, but their money is more intangible assets, in technology, in patents, in stocks.
"There's no company that's not bad for money in this critical period of change, otherwise there wouldn't be a crowd of venture capital firms on Dune Road in Monroe Park, Silicon Valley. ”
"I see. It dawned on Will that the others looked similar.
Only Li Yadong was thoughtful, and he could discern that Morgeridge was telling the truth. However, in his opinion, the reason why Cisco is here today should be more than that.
Among them, there may be some hidden secrets.
"Okay, audience friends, according to the program arrangement, the next step should be the environment for corporate introduction and product display, but in order not to waste everyone's time, I have to consult our investor representatives, is this link still needed?" Will asked as he looked at the round table seat.
Of course, the eyes are mainly focused on Li Yadong.
He was sure that a tycoon of Li Yadong's level was certainly no stranger to Cisco.
"No, I don't. Facing the eyes of the audience, Li Yadong waved his hand and said: "I just want to hear Mr. Morgeridge introduce Cisco's future development plan." ”
His answer was expected by everyone, and everyone turned their eyes to Morgrich, putting on a deaf look.
"Okay, Mr. Lee. Mogridge nodded slightly and smiled at Li Yadong.
Even if he is the CEO of Cisco, Cisco's current market value is only in the billion-dollar range, which is really not worth mentioning in front of a billionaire like Li Yadong.
Moreover, he is just a professional manager, and the majority of Cisco does not belong to him at all.
"Before I talk about Cisco's future plans, I might want to talk about the current state of Cisco, but that's no secret. ”
Since Moggerich is here today, some things have been mentally prepared, even if his next speech may cause fluctuations in the company's stock price, but it does not matter, as long as his goal is achieved, he believes that the company's stock price will not only not fall, but will skyrocket.
He wanted to show greater sincerity and make it clear to the representatives of the investors that he knew Cisco inside out, that it knew its shortcomings and that its future was there.
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