211 Sybase & John. Cheng
Perhaps seeing Li Feng's intentions, Eric took out the materials that had been prepared a long time ago and handed them to Li Feng and said: "BOSS, look at it, sybase has been in a lot of trouble recently, I think this is our best opportunity." ”
"OK, I'll take a look..."Seeing that Eric was ready, Li Feng couldn't help but smile and replied after taking the documents.
"BOSS, not to mention the benefits of acquiring database companies, the future development of the company is also inseparable from the support of large database companies, if we have our own database company is naturally the best, in this way, at least one point can be guaranteed, so that our database data can be more secure.
We have also set up an independent cybersecurity company before, and if we have our own database support, the security level of the security company can be increased by at least 1-2 levels.
Finally, I am equally bullish on Sybase Database, which is a good investment opportunity for me, as it has proven itself in the market and is currently breaking new ground in the global market.
Although the current environmental factors have caused a lot of trouble for Sybase recently, in the long run, the future database market should not be underestimated. ”
"Sybase is really in trouble. While looking at the information, Li Feng sighed.
"Haha... In fact, I have already contacted Mr. John Cheng, the current CEO of Sybase, and I may have to thank you for your Chinese ancestry, BOSS, who is currently in trouble, has no objection to our proposed merger and acquisition plan, and I am personally optimistic about John Cheng's reform at Sybase. ”
Perhaps this is a common denominator among good managers, and Eric is in favor of measures such as Sybase's layoffs today.
"John Cheng, are you Chinese again?" Looking at the information in his hand, Li Feng couldn't help but mutter.
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That's right, Li Feng didn't expect to see a top Chinese-American talent again, John Cheng, who just joined the CEO of sybase, whose Chinese name is Cheng Shouzong, is a Chinese-American who stayed after studying in Hong Kong.
Previously, he was President and CEO of Siemens' Lidofu Open Enterprise Computing Division, a business unit that manages more than $3 billion in revenue.
This year, he was just poached by Sybase and became the president and CEO of the company, hoping to get out of the current predicament of Sybase, and the current database company is facing huge losses every year.
Cheng Shouzong's first fire after taking office was layoffs, well, in the face of large-scale layoffs, it naturally aroused employee resistance, and even demonstrations, and recently Cheng Shouzong and Sybase Company are facing such a problem that needs to be solved urgently.
It's not normal for companies to lay off employees, there was too much news about layoffs in large companies in the previous life, and it didn't say which company's employees would rally to resist, in Li Feng's view, it was Cheng Shouzong's Chinese identity there, and the thoughts of racial discrimination were at work, and the white people of American imperialism actually looked down on Cheng Shouzong from the bottom of their hearts.
Cheng Shouzong, a well-known Chinese genius manager in Silicon Valley, well, Li Feng is unheard of, and he has never heard of it in his previous life, but in fact, Cheng Shouzong is indeed a top management talent.
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Cheng Shouzong in the previous life became the CEO of Sybase and began to lay off employees directly, and in the next more than 1 year, he led the company to comprehensively adjust the market, establish a long-term and tested team, and quickly turned losses into profits, and successfully became the chairman of Sybase in 98 years.
With the acquisition of the company, Cheng Shouzong later became the CEO of the famous BlackBerry Company, and Cheng Shouzong's salary even exceeded 100 million US dollars, becoming one of the top CEO representatives in the world.
In addition to his achievements in business management, he was a director of a number of other major companies, a member of organizations such as the Committee of 100, and later the president of a well-known think tank.
In short, this is indeed a very good enterprise management talent even in the United States.
Of course, at this time, Cheng Shouzong was indeed in the most difficult period when he joined Sybase, and there began to be voices against him in the board of directors, and the opposition voices under the company were getting bigger and bigger, and the pressure in this can be imagined.
Similarly, this also created conditions for Li Feng to acquire Sybase, which is now the best time to acquire, if others develop well, where is Li Feng's opportunity.
For such an opportunity, Li Feng naturally didn't want to miss it, and began to discuss the acquisition with Eric.
......
The next day, Eric made a takeover offer to Sybase on behalf of Li Feng's Skynet Technology Group, which caused a heated discussion in Silicon Valley.
If the acquisition is completed, Sybase will still maintain independent operations, naturally, the current Skynet Technology is still empty, for this reason, Li Feng has prepared two personal funds to participate in to ensure that there are enough acquisition funds.
With the acquisition offer launched by Tianwang Technology, there was also a turmoil in the company at this time, and the board of directors was originally composed of two factions, one group naturally believed in the new CEO and hoped to maintain the current company plan implemented by Cheng Shouzong, such as layoffs;
There is also a faction that is naturally opposition, opposing Cheng Shouzong's development plan for the company, and the most fierce at the moment is naturally the current internal employees of the company are fluctuating about layoffs.
Similarly, in the face of the sudden takeover offer, internal opinions are once again inconsistent, some have an indifferent attitude, some are in favor and want to take the money and leave, and some naturally hope that the company will remain unchanged.
"John, as the CEO of the company, what do you think of this acquisition?" asked Mark Hoffman, one of the original founders of sybase, to Cheng Shouzong in the company's board of directors.
"As a CEO, and a new CEO, I naturally don't want the company to be acquired, according to my plan, now that the layoffs have begun, I believe that by laying off employees and strengthening our professional team, the company's products are competitive, and I am confident that it will be profitable as soon as possible. ”
Although Cheng Shouzong talked to Eric and agreed to be acquired, he still has professional ethics in the position of CEO, and Cheng Shouzong is actually opposed to being acquired from the bottom of his heart.
"John, don't forget, the employees you've laid off are protesting right now, and Sybase is now the focus of Emeryville, but it's not a good name. One of the directors on the board of directors retorted directly.
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"Mark, Robert, please believe me, the downturn of sybase is temporary, according to the current development trend of the computer IT industry, our own excellent products, through our efforts will be able to quickly turn losses into profits. Cheng Shouzong did not respond at all to the directors who mocked him, but said to the two founders of the company.
"John, we naturally believe in you, otherwise we wouldn't have hired you to be the CEO, but at present, there are different opinions in the board, when do you think the company will be profitable?"
"Mark, Robert, I don't think there's any guarantee, all I can say is that I want to be the quickest thing to do, but, according to my forecast, from this quarter onwards, it should be profitable, hopefully to reach the expected $20 million. ”
"What's the use of that, even so, the annual profit may be less than 100 million US dollars, and now our Fortune Son is directly acquired at a market value of 1 billion US dollars, I believe that after some negotiations, it may be a little higher. "Again, one director raised his objection.
At this time, many small shareholders on the board of directors were actually moved.
That's right, you make a profit, less than $100 million a year, and you only rely on this dividend. And if it is directly acquired, it is a lot of money, even if 1% of the shares are 10 million, not to mention maybe more.
"There is a lot of disagreement on the board, but, John, we'd like you to try to get in touch with that side and talk about it first, but we can compromise and not buy it all.
We can keep a part of the shares and sell a part of them, and the shareholders can choose whether they want to sell the shares in their hands, and we have no objection in principle. ”
"OK, since that's the case, I'll do what the board wants. Cheng Shouzong saw that the two founders said this, so he had nothing to say, and responded directly.
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Similarly, the Sybase Board of Directors is negotiating to begin the acquisition.