In the eyes of many Wall Street people in the late 80s, the very innovative method of "making the stock price of a high-tech company without giving people a bad impression of destroying the company's long-term competitiveness" was like a pediatrics in Gu Wei's eyes.

For example, creating the illusion that some intellectual property rights have been infringed is created to show that the company's newly developed or newly acquired patents are very competitive in the market, and the price of property rights and intangible assets should be overvalued, thereby pushing up the stock price......

Historically, this trick was indeed perfected by Edward Miller, who is known as the legendary reorganized CEO of Wall Street.

However, how many years did Gu Biao stay in Ahri's technology company in his later life?

Even if he just relied on the superficial cognition of "36 Krypton" and "Intellectual Property Force" on the industry official accounts that he watched when he commuted to and from work every day, it was enough for him to be blinded by N articles such as "Analysis of the Impact of Major Intellectual Property Litigation Announcements on the Stock Prices of Listed Companies".

In later generations, from the visual continent to the Chinese online, many industry copyright bosses have relied on the number of public lawsuits to support the stock price.

Because the public has a subtle understanding, that is, if a listed company often acts as a plaintiff in intellectual property infringement cases and makes strong claims, then it should raise its expectations for the valuation of the listed company - this shows that the things in the intellectual property rights of others are valuable and can be infringed by people at risk.

On the contrary, if you are often sued for infringement by others, then the stock price is easy to fall. Therefore, from this point of view, it cannot be said that large multinational giants can follow many business wars that they do not care about lawsuits, can casually infringe on the intellectual property rights of small companies, and then fight with small companies to burn each other's legal fees to drag small companies to death.

{Of course, many business wars must be written in this way, so that the conflict between the protagonists of technology and the enemies they have to face to steal their fruits is revealed.} Sacrificing authenticity for the sake of coolness is a bargain for me. }

It can only be said that this kind of behavior may be possible before the 80s, but after the 90s, because the speed of information and consultation by the capital market is too fast, large companies are also embarrassed. Infringing on a patent may not make much money, but the social impact is big, and the loss of a star and a half in the financial market is much greater than making profits directly. {However, more than 98% of intellectual property cases are not noticed by the public, if there is no hype.} All the public notices is a statistic}

……

"Hehe, nothing new. He thought that in this way, he could disguise that he really wanted to do a good job of Wang An's computer, instead of deceiving people to take over the plate and fearing that Wang An would die in his hands?"

Based on the above-mentioned asymmetry of knowledge, it is not surprising that Gu Biao couldn't help but laugh and disdain when he saw Edward Miller's operation in the first two weeks after trading.

"Is there any flaw in Miller's layout? Schulhoff, who was called from San Francisco by Gu Biao to discuss the plan, frowned, failing to see the flaws in what the boss said.

Schulhoff has been the president of Tiankun for several years, and Gu Biao is ready to give him the title of CEO this time, as a bait for Schulhoff to work hard again to help him win Wang An's case. After all, Gu Biao is alone, and he can't handle so many details. {Many companies can function without a CEO, just a CEO.} The structure of each company is different}

"Even if there is evidence, we lack the right identity and channels to expose him. Peterson, on the side, raised another difficulty.

Peterson controls the Blackstone Fund, and at the level of capital operation, Gu Biao still needs Peterson's help, and it is impossible for Tiankun to directly come forward to buy the pledge of Wang An's shares with Citibank.

It's easy to understand this, and there are a lot of funds on Wall Street that are brokers like that.

Far from it, let's talk about Peterson himself and his Blackstone Fund, who have been in a state of being commissioned by Akio Morita's Sony in the first half of this year, to help Sony complete the acquisition of Columbia Pictures and establish "Sony Pictures".

It's a coincidence that at this point in 87 years in history, Schulhoff should have been the president of Sony {USA} and the person in charge of Sony's acquisition of the Hollywood company in the Columbia department. It's just that later, because of Sony Pictures' Sony Music, he was pushed out by those who said that his own people were back and lost the opportunity to go to the headquarters for promotion.

In good conscience, when Sony was acquired by Columbia, it was really not bad for Schulhoff, mainly because Akio Morita himself was eager to buy and buy, and he was bent on reversing the cultural disadvantage of the United States and wanted to buy a top Hollywood distributor.

At the beginning, Schulhoff's exhortations were all effective, don't show too urgency, slow down, maybe you can still lower the price. It's a pity that when the high-level executives were eating together, Akio Morita drank too much sake, and before falling asleep, he sighed: "I want a top Hollywood studio."

Then he said that his enthusiasm for only the will of the chief came up, thinking that "this is a gift to President Morita even if he is back to the pot", and bought it against the sky-high asking price of $2.1 billion from the Colombian department, and lost a lot of money.

Now calculated, even if Gu Biao wants to buy Wang An's computer, the entire budget will definitely not cost 2.1 billion US dollars. With such a large amount of money, Sony used it to buy a top Hollywood film company, which is really famous.

At present, the two major internal and external leaders who helped Akio Morita manage the Colombian case in history, Schulhoff and Peterson, are almost the original copy of Gu Biao's help. It's just that the object of their bargaining has changed from the Colombian department to Citibank and Wang An.

When Gu Biao thought of these historical coincidences, he couldn't help but sigh, and at the same time, he was more vigilant to prevent himself from floating like Akio Morita and being slaughtered.

"Don't be pressured to think that my acquisition decision is problematic and can be raised at any time. I'm a very good man, Chanaya. There will be no one-word show. ”

Thinking of this, Gu Biao made a very solemn gesture, indicating that he was different from Akio Morita.

Akio Morita is 65 years old, old and confused, and it is inevitable that the evening will not be guaranteed.

He is only 25 years old, and he has no "knowledge barrier" in qualifications, so if he is a brother, he will say what he has to say!

Gu Ao's humble gesture of accepting advice naturally attracted Schulhoff and others to express their opinions: "We have absolutely no reservations, we just say what we think of - now is the best time to acquire Wang An, and it is very critical to Tiankun's shortcomings and transformation."

Of course, the only variables may just be the price and the specific time. The $500 million pledge you offered to Citibank for a 45% stake is not easy to take. I think it's normal to raise it to $600 million at the end of the deal, and the maximum is more than $700 million.

However, if the other party is as sky-high as the group of Colombian black-hearted goods encountered by President Sony Morita and exceeds this limit, we need to calm down. It's not that you won't buy it, but it's cold treatment for two or three months at most, waiting for a better price. ”

In fact, the topic of such a firm determination should not have been discussed at this point in time, and it should have been discussed a long time ago.

However, Schulhoff did not take over the matter at first, and was only temporarily recruited from San Francisco in the past two days.

Isn't this also the inertia of his own fear of history, he always feels that he used the original team of Akio Morita to acquire the case, if he doesn't take a few bites of milk to break the bad luck of Morita Flleg, it will be a bit unlucky, so he will play the drama of Corporal Lixian again when he is about to kick in the door.

After a hiccup, the conversation returned to the executive level.

"Since there is no objection to the determination, let's look at the concrete countermeasures. The main difficulties you mentioned just now are two things: first, Edward Miller has a lot of deception, and we can't get the evidence. Secondly, the evidence was caught, and there was also a lack of an impartial position to disclose him.

Let me first provide an idea to solve the first point, isn't Wang An's company selling valuable patents recently. We Tiankun came forward to buy it directly, which is definitely not suitable. However, I think it's no problem to find some intermediaries and agency companies in terms of intellectual property rights to buy, and then transfer them to Tiankun at an appropriate price after buying.

If other listed companies operate like this, they will have to worry about the trouble of being exposed to related party transactions in the future, but Tiankun is a non-listed company, and we are also very 'united' internally, so this operation is absolutely no problem. At the same time, we can use the patent transaction party to observe Miller's flaws up close.

As for the second question, I think we need to change our thinking - if we want to buy Wang An's equity immediately because we are afraid of disclosing it, and it is easy to be accused of nèi mù trading, or deliberately illegally walking information to create market panic, then we can choose not to disclose it to the public at the first time, we can disclose it to Wang An, and further separate the relationship between Wang An and Citi.

Originally, Gibson should have been quite unhappy with Wang An, and he was also wary. However, after Wang An accepted the reorganization agreement, Gibson and Miller's understanding of Wang An should stay at the level of 'he just wants to see Tiankun and Citi dog eat dog and help Wang An bite a good price', and they don't think that Wang An will personally end up in favor.

These people still don't understand Wang An's nostalgia for the continuation of his own brand, Wall Street people are just counting money, and they think that Wang An is also counting money. ”

"If there is room for cognitive misunderstanding on this issue, we can operate it. Peterson touched his chin and muttered, "Then let's grasp the details of Miller's technical trading first, and see if they have any false publicity."

It's a pity that if you want to see the clues from the financial report, you have to wait for a quarter cycle, and it is already mid-to-late September. All of Miller's fraud is aimed at shareholders, so at least at the end of October or early November, the third quarter of the report should be counted and released to the public.

If there are no flaws in the third-quarter report for the time being, or if it is too brief, then you will have to wait until the year-end report - won't your acquisition be delayed until February or March next year before it can finally be implemented?

Peterson's remarks are already conservative, but they are still based on the fact that the U.S. company system is very strict in terms of compliance, and it produces financial reports every quarter.

If you go to the A-share market in the future, there will be listed companies that do not produce financial reports for a year, or even make an announcement at the end of the year, saying that "the original of their financial accounts has been stolen, so they can't produce financial reports this year, and they don't know whether they have made a profit or a loss".

"I don't think it's so pessimistic, the three fires of the new official took office, and it was reflected in the financial report within a month, which is really fast and makes people feel fluke-but we have to think about it the other way around, Miller is also eager to pull the stock price back immediately, and he has some good news, and he can't wait to blow it out in advance. The more positives, the more flaws. ”