On November 21, Gu Biao submitted an application to announce the completion of the privatization {of course, it is only an application, whether it will be announced or not, and when it will be announced, it depends on the review of the US Securities and Exchange Commission}.

However, during the period of less than 90 days, the equity holder can still continue to sell at Gu's offer price, and the offer will not be invalidated until the expiration of 90 days.

The difference between whether or not a privatization is announced immediately is whether or not it is immediately withdrawn from the secondary circulation market for shares

Because if you don't announce the completion of privatization and don't delist immediately, assuming that in the next 70 trading days, there is still very good news, which can make Wang An's stock price in the circulation market skyrocket a lot, more than 50%, then those retail shareholders who are the last nail can choose to sell at a higher price, that is, the market price. {Because the real-time stock price at that point in time has exceeded the base price at the time of Gu Biao's privatization offer, plus a 50% premium}

After the announcement of the completion of privatization and official delisting, there will be no so-called circulating market price, and the remaining nail households can only sell according to the offer price issued by Gu Biao, there is no alternative, and whether Wang An is good or bad in the next 70 days has nothing to do with them.

If you haven't sold it after 70 days, and you want to sell it again in the future, then take the path of internal equity transfer negotiation of an unlisted ordinary limited company, and negotiate separately on a case-by-case basis.

Therefore, in the end, those who maintain the status of shareholders of Wang An Computer because of the outstanding shares will definitely have a total shareholding ratio of less than 4%.

It's not that Gu Biao is unwilling to let shareholders share even a little profit. He mainly dislikes that if there are too many external shareholders, they are too scattered and too messy, and it will be inconvenient for the company to manage in the future. After all, when it was originally circulating in the secondary market, there may have been tens of thousands of people who bought Wang An's shares, and many people only bought hundreds of thousands of shares.

If you try to sweep the sand as much as possible, reduce the number of these retail small shareholders to hundreds or even dozens, and if each person wants to hold shares, they will hold at least tens of thousands of shares.

Gu Biao explained to Peterson that he "only holds 64% and does not seek a larger shareholding ratio", but this does not mean that he does not want to optimize the shareholder shareholding structure.

Even if he doesn't buy more, he will install new executives, new O, and new heads of technology research and development departments in Wang An Computer. Similarly, a batch of spicy chickens from the original Edward Miller era and the royal era will be swept away.

Although the business decline in the past year and a half is mainly the responsibility of the CEO, the executives who follow the CEO are not completely innocent.

Internal management shares, although still 11%~12%, the highest is not more than 15% {if all retail shareholders can be driven out in the end, and the management is encouraged to invest in the purchase of that part of the retail shares, theoretically it can reach 15%}

But the allocation of 11%~15% will produce drastic changes.

By December, the number of retail shareholders had been staggering to nearly 200, and the least shareholdings owned more than 10,000 shares, or at least $100,000 worth of equity.

These nearly 200 people hold about 2 percent of Wang An's shares, which are worth $30 million or 40 million, equivalent to $200,000 per capita, according to the price quoted at the time of the privatization offer.

After a restructuring, about 6% of the 13% of the management shares remained in the hands of the old executives of Wang An, and the remaining 7% went to the newly returned John Chambers and others, as well as the new executives who mixed the sand with Gu Biao.

Of those people, Chambers and the like bought it again with cash from the sale of shares when they left the company last year. These people have made a lot of money, because when they left, Wang An's computer stock price was still high, and now they buy it back, even if they buy it at a privatization premium, in fact, it only costs the equivalent of 40% of the price when they left last year.

John Chambers left last year with less than 1.5 percent of the company's shares, and now he came back and immediately bought 3 percent, with millions of dollars in spare money.

As for the completely new sand, they found other channels to scrape together money to buy shares, some of which were based on savings from several years in Tiankun, or replaced. There were also a few who went to Caninghan and agreed to some harsher terms.

Kaninghan was the co-founder of Wang An that year, and he was already 60 years old, and after Gu Biao's acquisition, he naturally didn't need this guy to manage it, but Gu Biao still had no objection to his money being reinvested in Wang An's company through an agent.

……

While Gu Biao was tidying up and down Wang An's computer, in the Wang family villa in San Francisco, Wang An was also taking care of his son, don't mess around rashly, An An lived a separate life.

"Ale, there are some words, I have a showdown with you today. I know that you don't get along well with Gu Biao, so don't think about what management voice you want in the company in the future.

Gu Biao is still only the largest shareholder of the company, and the president and executives are his people. The title of chairman, he relinquished it to me, I know what his idea is, he knows that I can't control anything, I just need my prestige to calm the transitional field, but my body, this name will hang for three years at most, or two years, and I will definitely be bedridden.

After I can't do it in the future, you can take 21% of our family's shares, sit back and enjoy the dividends, and don't care about anything. Whether it's the cash assets at home, or the dividend savings in the next few years, if you want to do something, you can open a new company by yourself and provide supporting services for Wang An Computer.

I suggest that you open a software company, I have seen it, and your talent cannot do a business that is too complicated in the supply chain. If you do software outsourcing, whether it is the market or the demand, you don't need to ask, you just see what Wang An computer lacks, what needs are there, help with development, and target delivery. There are still so many protégés in the company who will always take care of your business. ”

Wang An spoke a little breathlessly, obviously because of the recent exertion, which made the sick body heavier and heavier.

Wang Lie was depressed and depressed, but he didn't dare to disobey his father. The recent ups and downs have knocked out his sharpness, and he really doesn't want to do things under Gu Biao, so he has to admit that his father's idea is the most protective of his face.

Wang Lie was only a little skeptical about the operational level: "However, is there a future for being a software outsourcer?

The reason why he thinks this is because the industry atmosphere in the late 80s was not so open.

More than two years ago, before IBM and Microsoft joined forces to shout out the concept of "open operating system personal computer" and raise the banner, there were very few specialized computer software development companies in the industry.

At that time, the software was all attached to the hardware platform, for example, the software of Apple's Macintosh computer was developed by Apple itself, and the office software of Wang An computer was also developed by Wang An himself, and at most it was handed over to a fixed software outsourcer.

However, it is relatively rare for "a software developer to develop application software for N multi-computer platforms at the same time".

Wang Lie was obviously afraid that when Gu Biao didn't give him the list and didn't let him be an outsourcer in the future, life would be very difficult, so he hesitated.

Wang An listened to it, but he was angry, and he hated iron but not steel.

"I'll just say you're not a strategic! In 85 years, when IBM and Microsoft joined forces, I saw that the future software companies could be completely decoupled from hardware companies and become self-reliant.

If it weren't for my health, I would really want to think about the living space here, but unfortunately, the years are not forgiving. I've cultivated you for two years, but as a result, you can't even understand such a general trend.

I won't ask too much of you, our Wang An's signboard, in what field was the most appealing in the past? Business office! In the future, if you open a pure software company, you can throw away everything else, but wPs, you have to dig deeper.

At present, our office software can only do documents and reports. However, the explosive period of personal computer performance is just around the corner, and the future will definitely be the world of graphics, audio and multimedia combination. If you have such a good market foundation, don't you know how to make efforts in the direction of making electronic slides and audio and video displays!"

If Gu Biao was present at this moment and heard Wang An's words, he would definitely be amazed by Wang An's foresight and vision, which is worthy of being a man who has made IBM jealous for 20 years.

At this point in time in 1987, although the hardware research and development of Wang An Computer has gone in decline, its wPs series software is still in the eyes of office elites in the United States and even Europe.

At present, the coverage of Wang An's wPs series is roughly equivalent to Microsoft's woRD and exceL in later generations {of course, it is the original version of woRD and exceL that are not yet fully functional, and the degree of automation and convenience is not as high as that of later generations},

The rest of the later oFFice software doesn't exist at the moment. After all, there is no Internet nowadays, so there is no need for e-mail office software such as outLooK, nor does it need office software such as FRontPa for web pages.

No matter how awesome Wang An is, it is impossible to see the office demand of Internet e-commerce and communication in the future. But he can at least see the future of new multimedia applications such as slides based on the explosion of personal computer performance in recent years.

In other words, Wang An can see the future of the PPt function in Microsoft's oFFice system in the future.

Historically, Wang An's middle way collapsed, and he couldn't calm down to guide his son, and Wang An's hardware platform collapsed, and those software attempts attached to it naturally became a castle in the air.

Now, Gu Biao has renewed the life of the hard body, but Wang An has detached himself and seen farther.

Even if he can't dominate the personal computer market of all mankind in the future, if he can continue to dominate the office software market of all mankind, it will be regarded as his own immortal death and his name in history.

Wang An didn't know that under such a coincidence, he continued the life of the wPs series, and realized the continued suppression of Microsoft's oFFice series in the future in the field of office software. 6