Chapter 185: TCL Halfway Out!
Because there are still three days to rush to the winter camp of Huaqing University in Yanjing, Xia Yu does not plan to go to Jinling again for the time being.
In the next two days, in addition to following up on the progress of Jinling and the company's emergencies, he spent all his main time on the preparation for the escort exam.
The quota is not easy to come by, and Huaqing University is also a goal he has set a long time ago, and he can't fail to do it at the last moment.
Later, he also went directly to the school and got together with more than a dozen other students from No. 1 Middle School who participated in the Huaqing Winter Camp to receive the final special guidance and practice.
After two or three months of persistent review, Xia Yu felt that his foundation had basically caught up, and in his previous life, he had studied and practiced in Stanford for several years, and his super logic and creativity had also improved a lot compared to himself at this time before his death.
I am almost six or seven percent sure, which is a pretty high estimate.
But Yang Chunsheng brought him a good news that made him decide to go immediately.
Speaking of which, Polestar's newly established mobile phone R&D division is now considered a strong soldier.
After the talents are basically complete and various professional testers and software are in place, each sub-department has started specific R&D testing and design work such as mobile phone functions and software adaptation and materials and shapes in the form of project teams according to the assigned tasks.
Of course, this is inseparable from Yang Chunsheng's hard work, but he also enjoys it.
After more than two years of "stumbling" in Fiberhome Studio, his career has a second spring in Polestar Electronics - the two successful works of Polaris K2 and S1 have come out, and his influence in the industry has also increased dramatically.
Now when he goes out to run errands or participates in some industry forums and nuclear summits, many people can quickly recognize him and shout "Polestar Mr. Yang." ”
This is not only a recognition of Polestar's current market position, but also a great recognition of him as the vice president of Polestar R&D.
Many people in this subsidiary are busy for the matter of Panda Mobile, and he has not been idle, and has been following up on another acquisition.
And it's also a pretty important acquisition.
Because Xia Yu attaches great importance to research and development, as well as his lofty ambitions in the field of mobile phones. As early as the beginning of the project, he discussed with Yang Chunsheng that he could consider acquiring a mobile phone design company - a company that had strength in the field of scheme design but had average business conditions like his own Fiberhome Studio.
Yang Chunsheng was quite in favor of this mention.
As an insider, he certainly knows the great complementarity of a relatively mature solution company to the newly established mobile phone R&D division.
So these days, he checked a lot of information, and also looked for people to investigate, and quickly sorted out the general situation of mobile phone solution design companies in the current market.
Before 2003, Huaguo mobile phone design was still the domain of Korean companies.
According to statistics, in 2003, about 80% of South Korea's endless mobile phone designs flowed to the Chinese market, and the supply of local components such as LCD, PCB and other multimedia chips also enhanced its competitiveness.
However, along with the mainstream technology and solutions, Huaguo related companies have conquered one by one. Relying on the local market, the competitiveness of Huaguo mobile phone solution design companies has been continuously enhanced, and famous solution companies such as Innosteam and EasyMTech, which once ranked among the top five in China, have successively announced their withdrawal from the Chinese market.
By the end of 2004, the number of mobile phone design companies in Korea had plummeted from more than 100 to less than 20, while the number of Chinese-related companies had grown from less than 10 to more than 50, according to Gartner.
Yang Chunsheng spent a week in Yangcheng and Pengcheng constantly investigating and interviewing, and finally delineated two acquisition targets that he thought were suitable, and communicated specific intentions before reporting to Xia Yu.
Of course, Xia Yu was overjoyed when he heard this, and rushed back directly from school.
"One is Jingwei Technology. Founded in 02, the company is headquartered in Yangcheng, with about 50 people, with a Korean background; This is a Pengcheng company established in 03, with more than 30 people. After Xia Yu rushed over, Yang Chunsheng reported.
Well, neither of them have heard of it. However, he was concerned about the technical strength and asked, "What is the strength of these two companies?"
"The strength is good, especially Jingwei Technology. In 03, it also ranked among the top ten in China, and it is a joint venture company of South Korea's TelsonElectronics Company, and it is also the intention to sell after the Korean Wave ebbed, but the price should still not be low, I estimate that it will be more than 20 million;
"Lingman's technology level is also good, it was founded by a vice president of Dexin Wireless after he left, and the estimated value is 8 million to 10 million. ”
"Oh, Dexin Wireless? This person can go back and ask Liu Jun. ”
Xia Yu had already taken the details at this time, sat down and looked at it seriously.
After having a general understanding in my heart, I said: "I think it is better to focus directly on Jingwei Technology, in fact, the key is that the technical level and core talents cannot be lost." By the way, have you talked to them specifically?"
Yang Chunsheng nodded: "Well, I've talked twice, and now their person in charge is a woman named Huang Yinghua, and her ability is very strong." The engineers are also mainly Chinese, so there should be no problem. Our Polestar isn't weak in attraction right now!"
"That's right", Xia Yu felt reliable, nodded and said: "Then Brother Yang, you can help grasp it, the price is not a problem, I will give you a budget of 25 million." ”
"Okay, I'll try to get it done in a week. ”
Yang Chunsheng was also very excited, but then he became distressed again, and said with a stupid face: "It's not a big problem for Jingwei to win, but the more critical mobile phone chip is still not progressing! I have communicated with Qualcomm, Infineon and Texas Instruments (TI) these days, and they still don't pay much attention to it." This can't be determined, a lot of R&D work can't be carried out, and the parameter setting of the simulator is a problem......"
Xia Yu also had a headache: "That's it, I'll go to Yanjing next, talk to Qualcomm and Philips, and try to get it done as soon as possible!"
……
Fortunately, there is also good news on the Jinling side.
Liu Mingsheng also called, and the second round of negotiations with Jinling Panda went smoothly.
The two parties have basically established a cooperation framework based on the second acquisition plan, that is, Polestar Electronics will fully take over the 51% stake in Panda Mobile held by Jinling Panda, and the remaining 49% of Sujiang Tianchuang, and even Yimei Communications, which has been declared bankrupt, while assuming various debts and accounts receivable.
At the same time, Jinling Panda will also help other investors in Sujiang Province. Takeover of Sujiang Tianchuang and Yimei Communications assets, which Polestar Electronics is not interested in.
Now that Polestar has obtained more information and financial data from Jinling Panda, the asset audits of several companies are also accelerating.
“…… At present, Witte Investment intends to accept Sujiang Tianchuang and is negotiating, mainly because they have a lot of 120 million yuan of Nanjing Panda bonds, so they intend to convert this part of the arrears into the acquisition of Sujiang Tianchuang's physical store assets, and the difference is currently being negotiated. ”
Xia Yu nodded, Witte Investment is also mainly state-owned, but with the intervention of private capital, the market activity is very high, which is the information he knew before. This was not too surprising, and replied: "What about the Yimei part, is there anyone willing to take over?"
"At present, we are talking about three, and the price is deadlocked, mainly to wait for the results of the asset audit. ”
"When will the audit results be available?"
In order to reasonably estimate the value of the assets, this time Polestar Electronics, Nanjing Panda and a prospective acquirer conducted a triple audit.
Liu Mingsheng said a little excitedly: "It is expected to be the day after tomorrow, and the final plan will not exceed 600 million at present." ”
Xia Yu also smiled: "You have been working hard recently, but don't relax until the end, especially the talents, technology and key equipment of the R&D and production departments, you can't let them transfer away!"
"Hmm. Mr. Xia rest assured!"
Hanging up the phone, Xia Yu immediately called his uncle again, and the day after Xia Yu's birthday banquet, he rushed to Jinling again, and also caught up with the second round of negotiations.
Xia Mingde also told Xia Yu about the key points of this negotiation. The angle is still a little different from Liu Mingsheng, which makes Xia Yu understand more comprehensively.
"Well, it seems that Li Anjian is really in a hurry to get rid of it this time, then we can grasp it anyway to lower the price or get a little other ......benefit," Xia Yu said with a smile.
Truly!
Xia Mingde on the other end of the phone couldn't help but secretly admire Xia Yu's good timing. "Okay, I'll discuss this with you when I go back." ”
"By the way, uncle, there is one more thing I want to ask you. ”
"Oh. What's the matter?"
"That's right, Xu Jiahui and Peng Wenshang have been exploring Panda Mobile these days, and have compiled a list of key talents for me, all of whom are key figures in R&D, design and production management. These contractual restrictions are inappropriate, and I would like you to contact them as a corporate shareholder of Polestar Electronics......"
It is normal for a good general to win a thousand soldiers, this is a very normal thing in the field of research and development, and even in other aspects.
This is especially true for Xia Yu, who hopes that he can keep all these people, otherwise this acquisition will not be considered complete.
"Well, do you have to think about any specific commitments? For example, those who have public office, should they add this article when negotiating with Jinling Panda, and let them retain public office?"
This is indeed a problem.
According to Xu Jiahui and Peng Wenshan, half of these people are Sujiang natives - including those who were not originally and who had already settled again the following year.
According to the plan, after Polestar completes the acquisition of Panda Mobile, it will still set up a research and development facility in Jinling, which can solve the problem of local talent not wanting to move to southern Guangdong.
But there are also some people who are still public and have administrative ranks and titles in Jinling Panda, which is a bit troublesome.
Xia Yu thought about it carefully before he spoke: "Forget it! It will be difficult to draw a line with the Jinling Panda if you retain your public office, and there will definitely be other troubles in the future." Polestar wants to fight for a one-size-fits-all approach to them this time! Other benefits such as salaries and housing allowances can be raised, but this can't be put down. ”
Xia Mingde nodded in response: "Understood, I will deal with it." ”
In fact, according to the normal process, this complex multi-party acquisition will definitely not come down every month or two. It was still Jinling Panda who couldn't afford to drag it out, so he took the initiative to speed up the pace.
This is certainly a good thing for Polestar.
Unexpectedly, Xia Yu didn't have time to put down his heart, and Liu Mingsheng's call came again that night!
Liu Mingsheng's voice was very anxious: "Mr. Xia, our latest news, TCL has also joined the acquisition of Panda Electronics, and now the situation has become very complicated!" (to be continued......)
PS: Today's first chapter. I drank too much last night, and this morning I just excused myself not to climb the Great Wall, but my head was a little dizzy. This chapter was written for four hours......
It takes more than six o'clock to get home in the afternoon, but there must be a second watch, and Jiangshan's character is okay!
In other words, I didn't have a monthly pass yesterday, so miserable...... Thank you for your support!