Chapter 408: Indecision (Second Update)
Zhang Chen's two proposals were approved by the board of directors.
At present, the focus of Starcom is, of course, the popularization and implementation of PHS in China, but Zhang Chen cannot ignore the transformation issue after a few years.
After all, the decline of Starcom in the previous life was the failure of the 3G bet, coupled with the worsening of PHS's profits, the stock price fell off a cliff, causing a crash. (Note 1)
But gambling and gambling are also different, Zhang Chen is also gambling now, gambling is a standard, is a patent.
In the previous life, Starcom's so-called big gamble 3G was from 04 years, Wu Ying's team realized that PHS could not obtain a mobile operation license, and GSM was menacing by greatly reducing tariffs, forcing PHS into a corner, and had to invest tens of billions of dollars in research and development of 3G technology.
However, at this time, due to the dispute over domestic 3G standards, the landing of 3G has been delayed again and again, and the research direction of Starcom has also shifted from CDMA2000 to TDCDMA and then to CDMA, which wastes a huge amount of R&D funds, not to mention, but also delays time, and drags Starcom to death.
But now, Zhang Chen asked Starcom to obtain Qualcomm's patent rights, there is no doubt that when the 3G era comes, Starcom is on the side of the standard, which is essentially different from the gamble of 3G in the previous life.
One is doing more with less, while the other is doing more with less.
It can be said that as long as this thing is done, it will pave the way for the development direction of Starcom in the next ten years.
Relying on the wealth obtained in the field of PHS and switches, it is not difficult to deploy 3G in advance, plus expand overseas markets, and become another Warwick.
Some people may ask, since Zhang Chen already knows the future trend, why not set up a company to cooperate with Qualcomm by himself, and have to go through Starcom, isn't this just giving profits to others for no reason.
Thinking like this, it is really Too young, too simple Tucson to break Sangmu Taiki's obligation.
Even if Qualcomm is not a giant with an annual turnover of tens of billions of dollars like later generations, it is also a star-level enterprise in the industry.
You set up a company on your own, there is no one, no fame, no turnover, nothing in the industry, why should Qualcomm cooperate with you?
Wait until your own company has everything, and then go to talk about cooperation with Qualcomm, and then people will be even better.
Besides, Zhang Chen is already very busy now, just Matrix and Netart, as well as Tinder's own work, it is not enough to use it for forty-eight hours a day.
In any case, Zhang Chen now controls 50% of Starcom's shares. If you don't need to have a ready-made company, you have to make your own company, isn't it your own illness?
Take care of everything, and you can't do everything well.
For lunch, a few people took a bite in the conference room and ordered Burger King's takeout. Wu Ying took a big bite of the burger and gave Lu Hongliang a look.
Lu Hongliang comprehended, and said stubbornly: "Zack, there is a matter that I originally wanted to bring up on the board of directors, but I still have to discuss it with you." ”
Zhang Chen is scraping off the cheese sauce in the burger one by one with a plastic fork, this thing is high in calories and low in nutrition, and eating it is not good for the body at all.
"Brother Hongliang, you're polite, what's the matter?" Zhang Chen put the two slices of bread back on again, and looked up to Lu Hongliang.
Lu Hongliang looked embarrassed: "That's the case, Lao Sun came to San Francisco to find me a few days ago, oh, Lao Sun is Sun Zhengyi." ”
Zhang Chen smiled and nodded: "I know, you and Sun are always old friends." ”
Lu Hongliang was slightly embarrassed: "Then I'll say it bluntly, didn't they miss two opportunities before, this time he wants to vote part of it no matter what." ”
Zhang Chen's heart moved slightly, Sun Zhengyi was really persevering with Starkang.
It is no wonder that the entanglement between Starcom and Son Masayoshi can be said to be unsolvable.
Chairman Lu Hongliang is the younger brother of Masayoshi Son, the former angel investor Shi Manqing is also the younger brother of Masayoshi Son, and the current president Zhou Shaoning will stay at SoftBank for a few months in the future, and even Alibaba, which SoftBank invested in later, was helped by Wu Ying.
And now, although he has leveraged SoftBank's business with the advantage of rebirth, Son still insists on investing in Starcom, I really don't know if he is too poisonous or paranoid.
Maybe it's both.
Zhang Chen pondered for a while: "You have to think about it yourself, now the equity of the founding team is less than 50%, if you continue to give up the shares, the hidden danger will be very big for you in the future." ”
Wu Ying wiped his mouth: "You are right, but if SoftBank can become a shareholder of Starcom, it will also have certain benefits for the company as a whole, on the one hand, it can help us open up the Dongying market, and DDI, the second largest operator in Dongying, also uses PHS, DDI is a subsidiary of Kyocera, and Kyocera also has shares in SoftBank." If Lao Sun can help us dredge the relationship with DDI, our products can smoothly enter Dongying, and the profit is higher than that in China. ”
"On the other hand, SoftBank is now very well-known, especially in the past six months, Yahoo's stock price has risen like crazy, SoftBank has made a lot of profits, and it has also opened up its popularity internationally, which is of considerable help to our future IPO and market development. ”
Zhang Chen smiled: "I understand what you said, I am not rejecting SoftBank's investment. But if you sell another 20% to SoftBank, the founding team will only have more than 20% of the shares left, which will inevitably make our investors think that you want to cash out and run, which will also have an adverse impact on future IPOs. ”
Wu Ying and Lu Hong glanced at each other, and Lu Hongliang groaned: "Zack, SoftBank has a big appetite and proposes to have at least 20% of the equity. What you say makes a lot of sense, and we think so too, so if you want to accept SoftBank's offer, we will give 10%, and you and IDG will also give 10%. ”
Zhang Chen thought for a while, "That's it, although I can represent IDG, but after all, this is a business of hundreds of millions of dollars, I will ask McGovern if he is willing to transfer his shares, now IDG accounts for 7.31% of the shares, if IDG agrees to transfer this part of the shares to reduce the risk, I will not block." But I have one condition, IDG's board seat must be retained regardless of whether McGovern decides to sell or not, and if IDG exits with a profit, that board seat is inherited by Tinder. ”
"And I," Zhang Chen smiled, "I will not sell the equity in my hands, I am very optimistic about your entire team, and I am also optimistic about the future market performance of Starcom." ”
Wu Ying persuaded: "You will take out another 2.7% of the shares, even if you take out another ten points, you will still be the largest shareholder." ”
Zhang Chen shook his head and smiled, "I actually want to remind you that every bit of stock you sell now may make you regret it for the rest of your life in the future." ”
Wu Ying and Lu Hongliang looked at each other, is it so serious, regret it for life?
Zhang Chen smiled, stopped talking, and carefully folded the leftover wrapping paper before throwing it into the trash.
Lu Hongliang and Wu Ying originally wanted to persuade Zhang Chen to give up their shares, but Zhang Chen's last sentence made them hesitate whether to transfer their shares to SoftBank.
It's a mess.
Ask for a ticket, recommend a ticket, and ask for a monthly ticket for Mid-Autumn Festival Yueming's "Dream is King", which is really a good book, very interesting, the bearer of the realistic theme, and Chang Shuxin are two flavors, often write stories, this is to write life.
(End of chapter)