Chapter 63: Cisco's Press Conference

Standing on the top floor of a tall building, Henry looked through the glass window at the crowd in the distance, as if their fate was under his control!

"I'm coming, the world is !! because of me"

"I want to choke fate, I want to step on the bones of the enemy, I want to become the master of the world of technology!!"

The sharp light in Henry's eyes flashed, he glanced down at the manuscript on the table, and muttered: "Now that the purpose of recovering Cisco's shares has been achieved, it's time to raise Cisco's stock price!"

Henry picked up the phone and called John Chambers: "Chambers, do the UP plan now!"

"Okay, I'll arrange !! right away," John Chambers replied.

The UP plan is a stock price recovery plan planned by Henry, John Chambers and others, and the main content is to clarify the negative news of public opinion!

With all the information ready, Cisco then informed the media and held a press conference at which John Chambers delivered a major speech.

"Cisco's stock price has plummeted suddenly, but the main reason for this is that some people deliberately tell right and wrong, spread rumors, and slander and slander Cisco, thus having a very bad impact!! the newspaper said that Cisco lost $200 million last quarter, but in fact, this is pure nonsense and nonsense! Cisco did use $200 million, but that was not a loss, but normal operating costs, in order to be able to make more money in the future!! John Chambers said the back, and his tone was very impassioned and infectious!

He paused, then added, "So, where did we spend all these two hundred million dollars?"

John Chambers glanced at everyone and said in a loud voice: "We all use it for the world's network layup, and the wider the scope of WORL laying, the more money Cisco can make! If you spend 200 million dollars, Cisco can make a billion, or even more, shouldn't you spend 200 million dollars?!"

After John Chambers finished speaking, there was a round of applause from the audience!

In the middle of the ring, John Chambers raised his hand to signal everyone to be quiet, and then said: "It is said in the news that Cisco's management has a conflict, and some high-level executives want to change jobs! This is obviously a rumor, and here, I will release a statistic to you, Cisco's management has the highest option among all listed companies, accounting for as much as 10 percent of the shares! Do you know how much 10 percent of the shares mean? Cisco's stock price has not plummeted, it is $5 billion!! Think about $5 billion, what senior executive would be willing to give up Cisco, give up options, and instead move to other companies!!?

"As for the negative news that there was an accident in the factory and caused casualties, in fact, there are people with intentions who deliberately slander Cisco! Here, we have made a special trip to collect information and confirmed the truth of the matter: there was indeed an accident in the factory, but it was not a Cisco factory, but a factory that produced television sets. We strongly condemn this low-level slander and hold it legally responsible!!"

"At the end of this press conference, I will announce part of Cisco's financial situation in 1989 in advance!"

As he spoke, John Chambers took out a piece of paper and said loudly: "In 1989, Cisco's revenue exceeded $3 billion, and its profit was as high as $600 million! And with the vigorous laying of the network backbone in the United States, we expect Cisco's revenue to double next year!!

Bang Bang Bang !!

The flash of the camera flickered incessantly, John Chambers smiled, the gentleman bent down in thanks, and then turned away from the scene.

"Well done, Chambers!!" Henry watched John Chambers' speech all the way below, and gave him a thumbs up when he was done.

The next day, major media outlets reported on Cisco's press conference held yesterday.

The New York Times: "The Most Expensive Slander of the Century - Two Billion Dollars!"

Silicon Valley Magazine: "We knew Cisco was good!!

ABC TV: "This station reported that Cisco held a press conference yesterday, and the company's CEO John Chambers responded to the recent collapse of Cisco's stock price. He claimed that the main reason for the collapse of Cisco's stock price was that someone deliberately slandered and slandered Cisco, and then John Chambers explained and countered the negative news in the newspapers...... As it turns out, Cisco has indeed been defamed, and it is still under investigation as to who deliberately targeted Cisco. At the end of Cisco's press conference, the company's CEO John Chambers announced Cisco's financial results for 1989, Cisco's revenue exceeded $4 billion in 1989, and its profit reached $800 million, and it is expected to double its revenue next year!! and this is the end of today's program, welcome to ABC News TV, I am Frank Wilde......

As soon as the news came out, Cisco's stock price began to rise, and the speed of the rise was simply jaw-dropping!

A week later, Cisco returned to the market value of 50 billion, and it seems that it will continue to rise!!

Sure enough, Cisco's stock price continued to rise, and it was expected to break through the $60 billion mark, but in the end, it stopped at $56 billion!

AOL has long known that the collapse of Cisco's stock price is very abnormal, so it closed quickly, and if it is still selling short, it will be a big tragedy!

AOL Headquarters.

Steve Case said: "I have to say, Cisco has a beautiful hand!!"

Ford Brooke quickly guessed the meaning of Steve Case's words, saying, "Could it all be that Cisco directed and acted on its own?"

Steve Keys nodded and said, "It should be true, they know that they don't have enough funds to stabilize the stock price, so they simply don't resist, and even defile themselves, so that the stock price will fall faster, so as to take the opportunity to recover more shares!

Ford Brooke said with trepidation: "Fortunately, we ran fast, if we were greedy, I am afraid we would lose!"

Steve Keys scoffed: "Short selling is risky, but it's also profitable. Although we AOL and Sequoia Capital have closed up early, but the rest of the alliance, I can't guarantee it?!!"

"You mean Bernard Ebers, CEO of WORL?" Ford Brooke thought for a moment, and suddenly uttered a name.

"That's right!" Steve Keys nodded, "I've informed him before, but he doesn't look impressed, I guess he's probably done ......" (Ask for support!!)

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