Chapter 867: Unstable Factors
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Three days after the wedding, Eric and more than a dozen executives of the Firefly system started a three-day meeting in an empty barn on the farm. Pen × fun × Pavilion www. biquge。 info
Cisco, AOL and Yahoo, which are subsidiaries of Firefly Investment, have formed a complete industrial chain in terms of Internet technology. Sprint and Nokia and other companies have also been preliminarily completed in the layout of the future mobile Internet era, as long as these companies under Firefly Investment can perfectly achieve synergy and maintain a strong market position in the corresponding field for a long time, then, the future Firefly will control a huge and terrifying high-tech business empire, which is destined to have all aspects of the impact on the global economic pattern and the lifestyle of ordinary people.
However, in the course of the three-day meeting, Eric also discovered the instability in the firefly system.
On May 24, the day after the meeting, John Chambers, Ian Gnier and others rushed to the White House for a banquet at the invitation of Clinton on the wedding day. Eric and Chris didn't join in the fun.
In a small pasture on the outskirts of the farm, Eric and Chris leaned against the fence on the outskirts of the ranch and looked not far away.
Jeffrey was leading a foal on the meadow, Emma was excitedly riding on the horse and waving her little hands, Joanna was carefully guarding the side, and Emily and Virginia were chatting with the other two little ones.
After quietly looking at this warm scene for a while, Eric patted the thick book of meeting minutes in his hand, which was the content of the meeting recorded by Eric in real time at the previous three days of the meeting, among which AOL's CEO Steve Case's speech on "The Advantages of Media Development of Internet Enterprises" was the object of Eric's distress.
In the original layout plan, AOL was to assume the role of a network service provider in the original "Information Industry Alliance" plan. AOL's future development direction should also be towards AT-T such as integrated telecom operators, Eric even talked to Steve Case, hoping that AOL in the next few years, can acquire Verizon or Sprint, one of the two old telecom companies, and possibly, expand to cable operators.
Because it is clear that Internet businesses such as portals and online mailboxes will boost the stock price of AOL in the next few years, Eric did not restrict AOL's development of this business at the beginning, and even spared no effort to provide a lot of technical support. At present, in terms of online business such as portals, Yahoo, which focuses on this area, has a market share of 70%, followed by AOL, with a market share of about 10%, and latecomers such as Microsoft sharing the last 20%.
But perhaps stimulated by the frantic development of the Internet concept in recent years, it can be seen from Steve Case's speech that he is obviously more inclined to let AOL develop towards the content provider, or even go to the 'old road' of annexing Time Warner in the original time and space, and make AOL a comprehensive Internet media group.
Although he has the intention of dominating Hollywood, Eric does not want to see this happen at all. No one knows better than Eric that the current booming Internet industry is just a big bubble, and in memory, due to the deviation from the development trajectory of the original Internet service provider, AOL can be said to be the fastest company to fall after the bursting of the Internet bubble.
What's more, once AOL deviates from the established trajectory, a terrifying 'fault' will appear in the industrial chain layout that Eric has carefully built over the years.
Eventually, Eric was the first to speak: "Based on the stock price before yesterday's close, AOL's market capitalization has exceeded $20 billion, right?"
Chris nodded and said, "The stock price at the close of trading yesterday was $138, with a total market capitalization of 20.7 billion, and the number of shares we hold is 45 million shares, which is still 30%. Oh, Clover must have absorbed quite a bit of it, right?"
Eric thought for a moment and said, "There are probably more than 3 million shares over there." ”
"That's 32 percent, but we're the largest shareholder, but we don't have an absolute controlling stake," Chris said, "and with AOL's current market capitalization, we're not going to have enough money to pursue an absolute controlling stake." ”
Eric also smiled wryly, not holding AOL tightly in his hand at the beginning, which was a mistake.
When he first took a stake in AOL, many things were just getting started, and Eric didn't have the ambition he has now, but just invested with a speculative mentality, expecting the other party to sell the stock to arbitrage when the stock price rises. The original decision also lays a hidden danger for the current struggle for control of AOL.
At present, it is clear that Internet-related businesses are more popular with investors than relatively traditional telecommunications services. If Steve Keys insists on developing the content business, even as AOL's largest shareholder, Eric would not be 100% guaranteed to oust Steve Keys from the CEO.
……
……
Three days after the wedding, Eric and more than a dozen executives of the Firefly system started a three-day meeting in an empty barn on the farm.
Cisco, AOL and Yahoo, which are subsidiaries of Firefly Investment, have formed a complete industrial chain in terms of Internet technology. Sprint and Nokia and other companies have also been preliminarily completed in the layout of the future mobile Internet era, as long as these companies under Firefly Investment can perfectly achieve synergy and maintain a strong market position in the corresponding field for a long time, then, the future Firefly will control a huge and terrifying high-tech business empire, which is destined to have all aspects of the impact on the global economic pattern and the lifestyle of ordinary people.
However, in the course of the three-day meeting, Eric also discovered the instability in the firefly system.
On May 24, the day after the meeting, John Chambers, Ian Gnier and others rushed to the White House for a banquet at the invitation of Clinton on the wedding day. Eric and Chris didn't join in the fun.
In a small pasture on the outskirts of the farm, Eric and Chris leaned against the fence on the outskirts of the ranch and looked not far away.
Jeffrey was leading a foal on the meadow, Emma was excitedly riding on the horse and waving her little hands, Joanna was carefully guarding the side, and Emily and Virginia were chatting with the other two little ones.
After quietly looking at this warm scene for a while, Eric patted the thick book of meeting minutes in his hand, which was the content of the meeting recorded by Eric in real time at the previous three days of the meeting, among which AOL's CEO Steve Case's speech on "The Advantages of Media Development of Internet Enterprises" was the object of Eric's distress.
In the original layout plan, AOL was to assume the role of a network service provider in the original "Information Industry Alliance" plan. AOL's future development direction should also be towards AT-T such as integrated telecom operators, Eric even talked to Steve Case, hoping that AOL in the next few years, can acquire Verizon or Sprint, one of the two old telecom companies, and possibly, expand to cable operators.
Because it is clear that Internet businesses such as portals and online mailboxes will boost the stock price of AOL in the next few years, Eric did not restrict AOL's development of this business at the beginning, and even spared no effort to provide a lot of technical support. At present, in terms of online business such as portals, Yahoo, which focuses on this area, has a market share of 70%, followed by AOL, with a market share of about 10%, and latecomers such as Microsoft sharing the last 20%.
But perhaps stimulated by the frantic development of the Internet concept in recent years, it can be seen from Steve Case's speech that he is obviously more inclined to let AOL develop towards the content provider, or even go to the 'old road' of annexing Time Warner in the original time and space, and make AOL a comprehensive Internet media group.
Although he has the intention of dominating Hollywood, Eric does not want to see this happen at all. No one knows better than Eric that the current booming Internet industry is just a big bubble, and in memory, due to the deviation from the development trajectory of the original Internet service provider, AOL can be said to be the fastest company to fall after the bursting of the Internet bubble.
What's more, once AOL deviates from the established trajectory, a terrifying 'fault' will appear in the industrial chain layout that Eric has carefully built over the years.
Eventually, Eric was the first to speak: "Based on the stock price before yesterday's close, AOL's market capitalization has exceeded $20 billion, right?"
Chris nodded and said, "The stock price at the close of trading yesterday was $138, with a total market capitalization of 20.7 billion, and the number of shares we hold is 45 million shares, which is still 30%. Oh, Clover must have absorbed quite a bit of it, right?"
Eric thought for a moment and said, "There are probably more than 3 million shares over there." ”
"That's 32 percent, but we're the largest shareholder, but we don't have an absolute controlling stake," Chris said, "and with AOL's current market capitalization, we're not going to have enough money to pursue an absolute controlling stake." ”
Eric also smiled wryly, not holding AOL tightly in his hand at the beginning, which was a mistake.
When he first took a stake in AOL, many things were just getting started, and Eric didn't have the ambition he has now, but just invested with a speculative mentality, expecting the other party to sell the stock to arbitrage when the stock price rises. The original decision also lays a hidden danger for the current struggle for control of AOL.
At present, it is clear that Internet-related businesses are more popular with investors than relatively traditional telecommunications services. If Steve Keys insists on developing the content business, even as AOL's largest shareholder, Eric would not be 100% guaranteed to oust Steve Keys from the CEO.
But perhaps stimulated by the frantic development of the Internet concept in recent years, it can be seen from Steve Case's speech that he is obviously more inclined to let AOL develop towards the content provider, or even go to the 'old road' of annexing Time Warner in the original time and space, and make AOL a comprehensive Internet media group.
Although he has the intention of dominating Hollywood, Eric does not want to see this happen at all. No one knows better than Eric that the current booming Internet industry is just a big bubble, and in memory, due to the deviation from the development trajectory of the original Internet service provider, AOL can be said to be the fastest company to fall after the bursting of the Internet bubble.
What's more, once AOL deviates from the established trajectory, a terrifying 'fault' will appear in the industrial chain layout that Eric has carefully built over the years.
Eventually, Eric was the first to speak: "Based on the stock price before yesterday's close, AOL's market capitalization has exceeded $20 billion, right?"
Chris nodded and said, "The stock price at the close of trading yesterday was $138, with a total market capitalization of 20.7 billion, and the number of shares we hold is 45 million shares, which is still 30%. Oh, Clover must have absorbed quite a bit of it, right?"
Eric thought for a moment and said, "There are probably more than 3 million shares over there." ”
"That's 32 percent, but we're the largest shareholder, but we don't have an absolute controlling stake," Chris said, "and with AOL's current market capitalization, we're not going to have enough money to pursue an absolute controlling stake." ”
Eric also smiled wryly, not holding AOL tightly in his hand at the beginning, which was a mistake.
When he first took a stake in AOL, many things were just getting started, and Eric didn't have the ambition he has now, but just invested with a speculative mentality, expecting the other party to sell the stock to arbitrage when the stock price rises. The original decision also lays a hidden danger for the current struggle for control of AOL.
At present, it is clear that Internet-related businesses are more popular with investors than relatively traditional telecommunications services. If Steve Keys insists on developing the content business, even as AOL's largest shareholder, Eric would not be 100% guaranteed to oust Steve Keys from the CEO. (To be continued.) )