Chapter 720: Selling Blackberries

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Leaving Jonathan Weil to deal with the Scottish Power buyover, Guo Shouyun, who had already arranged everything, returned to the United States on his Kunpeng.

4 New York Square, now Wall Street, and New Yorkers prefer to call it the Phoenix Tower. Since the merger of Phoenix and National City Bank, the title has been accepted by more and more people.

In the chairman's office on the top floor of the Phoenix Building, Guo Shouyun looked down at the bustling Fifth Avenue at his feet through the floor-to-ceiling windows, and for a moment he felt as if he had trampled the entire Wall Street under his feet. Shaking his head slightly, he drove this illusion out of his mind, and after one last glance at the bustling financial heart of the United States, he turned around.

"Stephen, it seems that choosing you to become the CEO of Phoenix Bank was the best choice I ever made. In the third quarter of 2004, the operating income of Bank of Phoenix was US$9.249 billion, a year-on-year increase of 10%, the net profit was US$2.071 billion, a year-on-year increase of 9.3%, the return on net assets was 19.57%, the return on total assets was 8.73%, and the capital adequacy ratio was 12.07%, of which the tier 1 capital adequacy ratio was 8.41%. The non-performing loan ratio was 0.55%. In addition, our assets have increased from $496.5 billion at the time of consolidation to $658.37 billion now, more than one-fifth. You... Great credit!"

Half of Phoenix Bank's revenue comes from the foundation laid earlier by Phoenix Corporation. In particular, the shares of BlackBerry, Gilead Sciences, Amgen, Qualcomm, Intel, Broadcom, Nvidia, AMD, GLOBALFOUNDRIES, Texas Instruments, Starbucks, and Oracle, these twelve companies spent less than $15 billion in the stock market downturn in 01 and 02 to get more than 8~54% of their shares, and now, the value of this part of the equity has increased nearly 4 times compared with the past. ”

“… In particular, BlackBerry, which we control 54% of the company and directly control, has grown from 572 million in 01 to 20.3 billion US dollars now, nearly 40 times the income, becoming the most profitable investment in Phoenix Bank. Stephen Bryan looked excited.

For equity investment, the annual return of more than 20% has exceeded the average state of the market. But 40 times the income is enough to be recorded in business history.

However, Guo Shouyun is not surprised by this situation. To this day, he still receives a post he read in '03.

In the "911 incident", almost all U.S. communication equipment was paralyzed, but U.S. Vice President Dick Cheney's BlackBerry phone was successfully wirelessly connected, and was able to receive real-time information about the disaster scene anytime, anywhere. When the U.S. Congress was not in session due to the 911 incident, each congressman was given a "Blackberry" so that lawmakers could use it to conduct state affairs.

There's no better ad than that, so BlackBerry is on fire.

2006 was the highlight of BlackBerry's game, which at one point accounted for 48% of the U.S. market, and was favored by a large number of politicians and business people because of its iconic full keyboard and superior security. Even in 2009, when the iPhone 4 was already popular all over the world, BlackBerry still shipped 50 million units, claiming to account for 20% of the global smartphone market. The annual revenue is also close to $20 billion, and the market value once reached $83 billion.

Even Guo Shouyun bought one, but it was eventually replaced by a Meizu.

With Huawei, Xiaomi, Apple, and Samsung competing for the global market, BlackBerry is also dying silently, and he doesn't know if it has also fallen to the point where Motorola is being sold. At that time, no one paid attention to BlackBerry phones.

But in any case, in the first decade of the 21st century, BlackBerry phones were indeed popular. It is an investment that should not be missed. But after buying Apple, he ceded the project to Phoenix Bank. On the condition that it invested, but did not involve operating rights, it acquired a 54% stake in BlackBerry with the support of its management. This is also the company with the largest stake in the PE division of Phoenix Bank.

In contrast, Gilead Sciences, Amgen, Qualcomm, Intel, Broadcom, Nvidia, AMD, GLOBALFOUNDRIES, Texas Instruments, Starbucks, Oracle, and other companies that are also part of the PE investment department have the most only 16.8%.

What Guo Shouyun valued so much was the famous patent troll Qualcomm in later generations! Severely hit by the NASDAQ crisis, its market value was only about $6 billion at the bottom of the trough, and of course Guo Shouyun would not let go of such an opportunity.

In recent years, with the recovery of the U.S. economy, the market value of these companies has also increased one by one. They also have the highest return on total assets of Phoenix Bank and Wall Street, which is also responsible for that. You must know that the return on total assets of **** is only about 2%, Wells Fargo is only 1.7%, and Phoenix Bank is 4 times that of them.

Looking at Stephen Bryan's excited face, Guo Shouyun briefly thought about it.

"Stephen, the growth of BlackBerry is really exciting. But when it's at its most popular, it's time for us to get ready to quit. ”

"Why?"

Guo Shouyun knows that Stephen Bryan is not a person who can be easily convinced. So after thinking about it, he told him the truth.

"Apple is working on a new phone. Once launched, it will profoundly change the current mobile phone industry. BlackBerry and even Nokia and Motorola will become obsolete. Rather than waiting until they lose their value, we lose a lot of money on our investment. It's better to start selling now and let the profits fall into your pocket. ”

"Are you sure you're not kidding?" Stephen Bryan wondered.

"Stephen, April Fool's Day has long passed. And you know me, I never joke about anything that involves the company's major operations. Guo Shouyun said solemnly.

With his help in this life, Apple has developed the iPhone faster than in the previous life. According to the message fed back by Jobs. Now that they've completed the most critical multi-touch technology, if all goes well, a prototype will be launched in the second half of 2005, and if proven to be okay, the first iPhone will be launched in the first half of 2006. It was nearly a year earlier than Guo Shouyun remembered.

Although the BlackBerry was still brilliant for a few years after the launch of the iPhone. But Phoenix Bank holds too much of BlackBerry's stock. Without affecting the market, it can only be sold gradually, and this will take several years. So, it's time to get ready. Strive to sell all BlackBerry shares at the high point of the market.

Looking at Guo Shouyun's solemn expression, Stephen Bryan's expression still revealed a trace of disbelief.

"Isn't Apple a computer company? When did it start making mobile phones?"

"Stephen, don't let emotions affect your brain. Since 2001, Apple has ceased to be a computer company, but a consumer electronics and software company, with a business involving computers, portable music devices, Internet sites, computer software and chips. Mobile phones have been the focus of the company's research and development in the past three years. ”

"Okay, okay! But what kind of phones make BlackBerry, Nokia, and Motorola obsolete? I can't imagine at all. Is there really such an electronic product in the world?"

"Of course!" Guo Shouyun nodded, and after thinking for a moment, "Well, when this New York matter is over, I will take you to Apple's R&D center." When you get there, you'll understand. ”

"I'm looking forward to it!" Stephen Bryan nodded.

He is really curious about what Guo Shouyun's new Apple mobile phone looks like in his mouth, which is enough to change the entire industry.

"Also, sell Intel and AMD stocks!"

In the PC era, Intel is the undisputed hegemon in the field of computer chips, except for AMD, which can compete with one or two, and there is no rival in the world. This also created the glory of more than 500 billion US dollars at the peak of Intel. But with the end of the PC era, Intel, like Cisco, never returned to the top.

In fact, after the Nasdaq crisis, there is no other tech giant that can really surpass its peak market capitalization than Microsoft. But Microsoft's stock price is too high, even after the NASDAQ crisis, it is still as high as $200 billion, which completely makes Guo Shouyun have no interest in investing, and the rate of return is too low.

And now Intel's market capitalization is around $200 billion, and AMD's is around $23 billion, although they still occupy an important position in the field of computer chips in the future, but there is little room for growth, or even none. The value of continuing to hold is not large, so it is inevitable to chase more profitable investments after getting rid of them.

"Now Intel and AMD are the undisputed hegemons and second competitors in the global field of computer chips. No matter how you look at it, their stocks should not be abandoned. However, I have a hunch that this decision must have something to do with Apple's new phone. Stephen Bryan said.

"Now I can't convince you anymore, so I'd better wait until you get to Silicon Valley and see Apple's research and development. Guo Shouyun smiled and nodded.

Stephen Bryan nodded in agreement.

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。 m.