Chapter 696: Flipping the Table
Edward Miller will soon be in his new position at Wang An Computer Company, and it will soon be a month old. °C∮ 8°C∮8°C∮ read °C∮ book, .⌒.o≈
The days were also quietly approached in the middle of October, and the relevant statements of Wang An Computer Company for the third quarter of 1987, as well as information and data suitable for public disclosure, were also hurriedly disclosed.
In good conscience, this wave of disclosed data is not entirely fake, and there are really good dry goods.
For example, in addition to the data disclosure through formal channels, Edward Miller himself has also been interviewed by the media, which is mostly half pushed;
vaguely depicts the chaos of Wang An's computer under Wang Lie's rule before he came, and then incidentally highlights the orderly, concise management, and refreshing cost after he came.
In listed companies, this kind of operation is not surprising, generally every CEO when he first takes office, he will be packaged as wise, and once he gets out of the way, a new person will take over, and he will have to hack his predecessor, otherwise how to let shareholders see the contrast and boost confidence.
{In Wang An's computer company, the only exception was when Wang Lie picked up his father Wang Anban.} After all, as his son's successor, he can't hack his own father. What's more, the king is indeed not able to do it.
When he took office, the propaganda insisted that he had the "style of a father" and that he could completely imitate and inherit his father's skills and strategies. He even used the analogy between Thomas Watson, the founder of IBM, and Thomas Watson Jr., who later made IBM prosperous. }
After such a wave of operations, the stock price of Wang An Computer Company finally came out of the sustained downturn and rebounded slightly, and the effect was immediate.
At the lowest point in history, the market value of Citibank's pledged 45% shares of Wang An Company was as low as $370 million. Now at least the $400 million mark has climbed back to the hurdle, hovering between $4 and $450 million.
However, in the process, Edward Miller also noticed that there seemed to be one or two major shareholders of retail investors who were frantically building positions there, but the final shareholding of each company after buying was less than 5%, so it was relatively hidden and would not trigger the privatization warning.
Moreover, those buyers do not seem to have started after he began to restructure vigorously, but before he restructured, the process of acquiring chips had already begun.
With his own experience, Miller felt that there must be Gu Biao's agent behind this - maybe Gu Biao himself would blatantly absorb the chips to a few 4.0 percent, and then find a white glove, and operate the same wave.
Originally, Wang An's equity ratio of the computer company was about more than 65% after Wang An and his son drove away Kaninghan, and now 45% is pledged to Citibank, which is equivalent to 45% of Citi and 20% of Wang's father and son. "Eight" "Eight" read "book, .2 ■ ⊥
Then there is 35% of the shares, 15% of which are restricted shares held by various non-circulating investors and internal executives of Wang An Computer. The last 20% is the outstanding shares on the NASDAQ market.
Of course, there are several points in the 20% of the outstanding shares held by major shareholders and executives, but this part can be freely traded, which is equivalent to the shares of China's stock market.
The tradable shares purely and truly held by retail investors and institutions in the secondary market are only fifteen or sixteen points.
Therefore, Gu Biao and his agents, if they build a cumulative position of 8% to 9%, it is also very considerable, which is equivalent to taking back Liu Cheng Liucheng 60% of the tradable shares in the hands of real retail investors and institutions in the market.
After doing these operations, Gu Biao's actual cumulative cash expenditure was less than $150 million.
Edward Miller doesn't really want to see this outcome, but he also needs to boost the stock price, so he can only accept the status quo with his ambivalence.
After all, Gu Biao's shot within the past two months is, in Wall Street terms, "catching flying knives".
There is a very simple admonition on Wall Street, which is "don't catch a flying knife". When a company's stock price plummets, don't think that cutting in half and cutting in half is even a fall.
When the sheep panic, cutting in half and cutting in half will only make everyone panic more, and then fall by ninety, or even ninety, or even ninety.
Those who dare to "catch the flying knife", you must do a good job of speculating in stocks and becoming a major shareholder. For example, Warren Buffett has historically taken over the knife in the case of certain newspaper companies.
But people have a huge amount of money entering the market, and they even think about "how to rectify this company after I become the largest shareholder", so I did this.
If you don't have the ability to lead a company to run well, there are almost no big names on Wall Street who dare to take a knife. {Leek retail investors dare a lot, because leeks have little money, they are bold, and if they die, they will die}
Because of the rarity of flying knives, Miller needs people who have the courage to catch knives. As for the consequences of catching the flying knife, you can only let it go first, and then slowly calculate it after this hurdle.
……
However, the positive state does not seem to be long-lasting.
Just a week after the statement was disclosed and the market improved, some discordant voices emerged.
Early in the morning, Edward Miller arrived at the headquarters of Wang An Computer Company in San Francisco in high spirits, ready to deal with the rumors of various parties.
However, he saw that his female secretary was already waiting at the door of the office in advance.
Edward Miller was an old-school financial CEO who didn't know much about new technologies. Sometimes, in order to avoid being reminded of his shortcomings, he even deliberately subconsciously rejects new gadgets.
So, even though the wireless phone, or mobile phone, has been commercially available in the U.S. market for three years, he still hasn't gotten into the habit of using a mobile phone. At best, it's only a habit of using a mobile phone in the car, because it's a little bit older, seven or eight years old.
In fact, if you think about it from another perspective, this is also quite normal. Just like in history, China introduced Big Brother in 87, but even in the early 90s, there were many old-school super rich bosses who didn't use mobile phones, not that they couldn't afford to use them, but that they felt that it was not solemn to make calls with a bulky mobile phone in person.
As a result, Edward Miller had to wait for several hours to be notified of many emergencies. Fortunately, it's still the 80s, not the information age, and this delay is perfectly acceptable in the business world.
"President, something seems to be wrong. As soon as the female secretary met, she took out some copywriting and put it on Miller's desk,
"This is today's Wall Street Journal, and the retail channel may not have been distributed yet, but it was sent by friends from the channel provider through the intermediate link. Several patent law firms and headhunters that we work with have been exposed to scandals. ”
Miller frowned, pulled it over, looked at it carefully, and then couldn't help but be secretly frightened, and felt more and more that he had fallen into a conspiracy.
Of course, he knew that what these articles revealed was true.
The firms that provided patent services to Wang An Computer were all newly signed collaborators in the more than a month since he became CEO after the implementation of the reorganization agreement.
Originally, when the Wang family and his son managed the company, they cooperated with another firm.
Therefore, as long as there is a scandal in these new firms, and it is a scandal related to Wang An's company, then it must be attributed to him Edward Miller personally, and it is his dishonesty as a CEO.
It's hard to get rid of the pot if you want to, at best, you can throw it off the legal director who was airborne with him after he became the CEO, but that would at least be equivalent to cutting off his own arm.
Of course, a CEO can't be parachuted in, and when Edward Miller took office, he also brought a descendant of fake people.
Miller couldn't help but take more and more serious time to read the content.
"New Industry Fraud Risks in the Field of Intellectual Property Property Evaluation: It is reported that Desmond Law Firm in San Francisco has recently been ......involved in a number of cases of indirect control of business relationships, and at the same time represented several infringement cases and invalidation cases of intellectual property rights in California."
"In some of the invalidation cases involved, there is an obvious plaintiff, that is, the party requesting the invalidation. Because in the time lag of almost less than a month, after the same cause of action was filed by other plaintiffs, the relevant authorities came to a diametrically opposite ruling. Moreover, according to the analysis of relevant professionals, it was determined that several cases involving Desmond's firm that voluntarily admitted defeat could be invalidated as long as they persisted a little. ”
"It is very likely that this self-directed and self-acting act is aimed at increasing the valuation of the intellectual property rights of the patent holders involved in the case, so as to seek greater benefits in the financial market......
The disclosures in the Wall Street Journal look somewhat obscure to the uninitiated.
But translated in human terms, it is roughly Miller's previous "The public doesn't know how beautiful the newly bought beauties are, so we fight each other left and right, and self-directed and self-acting are violated and defended, and it is a drama of iron fist attack and successful rights protection", which was recognized by the enemy.
The enemy also followed other lawsuits, such as the case in which Wang An's law firm deliberately made the other party retreat in the face of difficulties, and they found another one who forcibly touched the porcelain, but refused to retreat without knowing the difficulty......
This is divided into "invalidation and porcelain", and also includes "infringement porcelain", and there are various similarities in the operation methods.
{Considering that about two to three percent of the readers of this book have read "The Squirting God" in the past, if I write too carefully, I will be a little sorry for these old readers, and it will cost them more money.} So, I won't go into details. If you are interested in the treacherous and vicious deception of various intellectual property lawyer circles, please go to "Squirting God" to read the relevant chapters, which are all my real industry experience as a patent agent for several years. Of course, I believe that most readers are not interested in legal drug schemes. }
All in all, although Gu Biao did not incarnate as a "god" in this life, he did know a little about the tricks of "overestimating the market value of technology" in the IT technology industry.
Therefore, as long as he provides strategic vision and finds professionals to help implement it, he can trap those who Miller invited and think that his methods are still very novel now, and they are unlikely to be seen through by his peers, or even if he sees through his peers, he can't be exposed, and he wants to share the spoils together for a few more years.
Unexpectedly, Gu Biao could invite a firm that is not afraid of offending the entire American intellectual property legal community, and at the same time has enough strength and ruthless vision and means, to flip the table. 11