"Even if you don't want to stammer, but since you're a neighbor, do you want to show favor? Mina didn't want to pursue her husband's intentions anymore, and if her husband said no, it wasn't. But as an instinct to study diplomacy, she still wants to make as many good connections as possible.

Gu Biao solemnly set the tone: "In the future, if there is a dinner party or other activities at the Watson family, if you are invited, you can go, and Buxu will be exempted."

It's not that I'm not optimistic that he should be the president, but this person is a little stubborn and illiterate, and he is easy to make ...... The last time I was interviewed by Vogel and Professor Song Yimin, I talked about the kind of self-confidence that I talked about.

We are Chinese, and we must avoid dealing with fools who can't remember a trick or not, whether they have been seen by a saint warrior. ”

Mina couldn't help but feel a little sorry: "But your mentor is Professor Kei, and you are somewhat branded by the stereotypes of that school of Americans." ”

Gu Biao took a sip of tea elegantly and flicked the lid of the teacup: "The teachers have retired from the academic world for four or five years, and some things will be diluted. And we are Chinese, and we don't care what faction they do. ”

Gu Biao has some connections and connections with the nuclear power supply faction in the United States, but he can't talk about friendship. Based on the natural connections brought by Professor Kee, the status quo can be maintained while the Lucians still exist. But as long as the Lucia people disappear, Gu Biao will definitely draw a clear line and protect his life.

At present, Gu Biao can't look down on the small profits, and he doesn't bother to change history.

Hearing her husband say it so decisively, Mina didn't express any dissenting opinions.

Although she can't fully comprehend it for the time being, she believes in her husband's vision and has never missed it over the years.

Due to Mina's reminder, Gu Biao, in line with the idea of having dates and not dates, sent a secretary at noon that day to go to Watson's house next door with some small gifts, and invited the other party to have an afternoon tea together when he was free recently, as the friendship of the newly moved landlord.

Americans are not so particular about neighbor friendship, and they will not be as diligent as their Chinese contemporaries. But the super-rich are also not hesitant to expand their circle.

At this point in time in 1988, IB was of course the second largest high-tech company in the United States. Both in scale and technical content, it far exceeds Wang An, who was acquired by Gu Biao.

The first is General Electric, and there are many other industrial enterprises that are larger than IB, but the degree of high technology is not as good as IB.

The people's worship of computer technology in the 80s is similar to the worship of artificial intelligence giants in the people of 30 years later, and they think that the companies that make this thing are the most awesome, whether in China or the United States.

From the perspective of market capitalization, IB is also in full swing at the moment, with a market value of more than $40 billion.

It is ten times higher than the peak of Texas Instruments and Wang An Computer a few years ago, and more than ten times higher than the market value of Atari when it was the craziest before the collapse in 83.

In contrast, the nominal market value of Wang An Computer, which Gu Biao has now taken over, before delisting, is less than $2 billion. Tiankun really wants to take it to the capital market to hang around, and the issue price is estimated to be of this magnitude.

Therefore, it is equivalent to adding up the Wang An system and the Tiankun system in Gu Biao's hands, which is one-tenth of the volume of IB. {The businesses of Xiangji and Gu Biao in the communication industry are not counted, and those industries do not coincide with the IB business, and they are not peers at all}

Such valuations are also normal, because Wall Street is a giant that monopolizes the field, kills the rebels, and kills you so that no one dares to compete with you. It is going to give an additional ultra-high valuation.

Gu Biao's Tiankun system, although the current game console business stock and user scale are far more than three or four times that of Atari back then, the existence of Nintendo's stirring competitor will inevitably make Wall Street not optimistic about Tiankun.

Because as long as there is competition, even if the other party is only 20% of your size, it can at least force you not to dare to loot consumers and make high-priced profits, then capital will feel that your future is not as good as those who monopolize and make huge profits.

Just like Atari back then, the reason why the capital market gave it a valuation of three or four billion yuan was that the competitors were killed and did not dare to enter the market, and Atari dared to say "I just stuffed a brick into the plastic shell of the cassette and could sell it for dozens of dollars", so Wall Street gave you a market value of 4 billion for this huge profit.

From this point of view, the "ET Aliens" incident back then could be regarded as what Atari's high-level cash-out shareholders wanted to do, but unfortunately they did not expect the intensity of the rebound

At that time, many Atari executives just wanted to prove to Wall Street investors: What kind of ability is it to sell good games to customers and make money in a down-to-earth manner? Good games are not common, it depends on luck, and it is expected that the game will be good to make huge profits, and this kind of huge profits have the element of gambling luck, and it is not 100% sure to make money lying down, which is not enough to reassure investors.

They just want to prove to investors that they can really sell spicy chicken at a high price, and their windfall profits do not depend on technology and design, and they are not afraid of fluctuations when creativity is exhausted, which is what they do.

Investors should continue to scramble for shares in this lucrative platform, because it is a company that can continue to make a lot of money even if all its R&D employees are replaced by people with intellectual disabilities. Wall Street loves this certainty of future profits, and it's fanatical.

It's a little bit far, but it also makes it clear that Wall Street's cult of monopolist-style additional valuation premium system, whether it's for Atari or now IB.

Of course, there are many factors that affect valuation, generally speaking, the historically high valuation of companies such as IB and Wang An is also due to the fact that Wall Street is more familiar with their products, and the servers and office computers produced by these companies are used by Wall Street elites every day.

People always tend to overestimate the proportion of the world they know in the real world, just like a person in the celebrity fan circle will always overestimate the popularity of the idols he chases.

Wall Street elites are also immune, and they think that the equipment they use every day is good, and they will overestimate the market competitiveness of these suppliers. The high valuation of Apple in later generations also benefited from this factor, and it is not a reflection of its true strength.

In terms of sales, it is definitely not ten times as much as Tiankun and Wang An.

However, IB is the absolute industry leader and monopolist in subdivisions from giant machines to small computers and servers, which gives IB an additional premium, with more than $40 billion at the end of the 80s, which is not an exaggeration.

Of course, because IB is an old company with a history of more than half a century, when the first generation of founder, Thomas Watson Sr., died and passed to Thomas Watson Jr., the Watson family's shareholding was less than 40%.

The old Watson didn't even enter the computer business in the era.

During the Watson Jr. era, IB was from the 50s to the 60s, but there was a huge amount of Róng Zīll-i in the field of electronic computers, which inevitably brought about a huge dilution of equity, more than double that of his father. Therefore, the IB stock in the hands of the Watson family has fallen below 20%, and the total value is only 78 billion US dollars.

From this point of view, the gap between Gu Biao's wealth and the Watson family's wealth is not as large as the multiple of the company's market value gap.

On the surface, the family wealth is two or three times worse.

……

As for the Watson family, after receiving the invitation of the new neighbor, they were very polite, and only two days later, they came to Gu Biao for afternoon tea.

Xiao Sui didn't need to attend, Gu Biao took Mina to chat with the Watson family as a husband and wife, and they were familiar.

Thomas Watson Jr. is also in his 70s, and he has actually resigned as president of IB since he turned 60 14 years ago, regardless of the heavy day-to-day affairs, but he has retained his position as chairman.

The one who is still in charge of IB is already the third generation of the Watson family, and those three generations are also in their 40s.

Of course, the third generation does not have the ability of the second generation, so he can't be the president, just doing things as an ordinary executive. e still has to rely on a team of professional managers to support it.

The refreshments of afternoon tea are old-school traditions in New England, and there are no bells and whistles.

Although Xiao Watson and Gu Biao had not talked before, they were still very familiar with each other's deeds, so they didn't need to be introduced at all, and they could talk about it soon.

"Gu, when I heard that Wang An was taken down by you last year, I was indeed a little surprised. Young people just have courage, Wang An can't get it down by himself, you still dare to take this mess, I'm looking forward to the changes you bring. Not long after chatting, little Watson pointed out bluntly.

Gu Biao also said sincerely: "The times are changing too fast, brands can be eternal, and products are constantly changing." If you miss one wave, you can aim for the next wave and start anew, there's nothing to be afraid of.

What is really terrible is that this generation has missed half a step, and it has bitten to death and insisted on fighting with others on this subdivision track, and refused to decisively break his arm and start anew. ”

Watson was stunned for a moment, and then smiled confidently: "That's right, in other words, since the delisting and privatization, I haven't heard Wang An's movement for a few months, it turns out that you are preparing to go." Then I'm looking forward to seeing the results.

I'm curious, you young man, seem to be more generous than Wang An when he was young, don't you think our IB is your biggest opponent? But he tried his best to suggest to Wall Street that he was IB's biggest rival and the most threatening opponent, so as to drive up the company's stock price. You don't seem to bother to do such a thing. ”

These words were said by little Watson, so he naturally has a certain prejudice, and will slightly subconsciously belittle Wang An, who has competed with him all his life, and say that the other party is deliberately rubbing the heat.

The so-called deliberate rubbing of popularity, just like what Liu Goudong did in later generations, wanted to make headlines and release scandals, and deliberately denied it to the media: "No, absolutely not, it must be Ma Feng who is yin me."

Goudong did this, of course, in order to create a kind of "I am Ma Feng's only enemy in China's e-commerce industry", and to raise his price card to card other e-commerce.

In fact, before he said this, no one regarded him as Ma Feng's competitor at all, and many members of the public thought he was a passerby when they saw this name at first, until they heard about his hot remarks, and then they had the idea of "Oh? This person is actually qualified to be Ma Fengyin?

When Wang An was listed in the early years, when asked about his positioning by the underwriting broker, he said that he must have said that "we are competitors in the benchmark IB personal computer business", but whether it is premeditated depends on the specific words and deeds.

Little Watson's relay, Gu Biao will not believe it all.

In the face of little Watson's provocation, Gu Biao replied very artistically:

"I don't think I'm a competitor to IB, and maybe we'll have the opportunity to work together in the future.

After all, after Aladdin released the devil from the bottle, the devil will not listen to Aladdin's command, right? ”