Commerce in the United States is too developed, and all kinds of business rules are complete, especially risk sharing is enshrined as the golden rule. A small business may also be a small boss operating independently, and a slightly larger business will find investors in order to diversify the risk and obtain the various resources needed for development.

But Owen and Bruce, the core figures of Qualcomm, never thought that HH Company was a strange company, a large company with a market value of tens of billions of dollars, and as many as 89% of the shares were controlled by one person. When Lee Ka Ming tried to persuade his partners, Bruce instinctively put one of Sohu's founders on the list of shareholders of LJ Investments. In his subconscious, no one can create a large company with a market value of tens of billions of dollars in a few years, which requires the joint efforts of many partners and the support of heavyweight venture capital funds.

When Li Jiaming took the initiative to propose that the two sides cooperate to enter the field of telecommunications operations, Bruce, who was anxious about the funds, was overjoyed, but avoided answering and went around the problem again.

"What about QC6522?"

It is unlikely that the other party has other financing channels? It is unlikely that their debts are as high as more than $4 billion, and their market value is less than $8 billion, and the debt ratio is more than 60 percent, and they can still be favored by investors? Li Jiaming, who was puzzled, observed it with his eyes and saw that although the other party had covered it up well, his hand had been pressed tightly on the seam of his trousers and did not move, and he immediately changed to a dissatisfied tone.

"Bruce, I treat you as a friend, and you should respect me. Qualcomm's current situation will definitely require layoffs and department cuts. I'll admit that QC6522 is performing well, but surely it's within your scope of layoffs, and you're trying to take hundreds of millions of dollars from me with a product and team that you're destined to eliminate without paying any compensation to your employees?"

After a moment of silence, Bruce, who was seen through by Li Jiaming, bargained: "Two hundred million dollars, and we will negotiate on cooperation again?"

It seems that Qualcomm is really panicking, and the $200 million deal has not passed the board of directors and has not been formally negotiated, so it wants to be decided like this.

"Bruce, this is a violation, you should report to the CEO first, and then the CEO will report to the board. ”

"Ming, I've got the board of directors, but I have to raise $500 million within seven days or they'll file for bankruptcy protection!"

Speechless, Li Jiaming is really speechless about the fucked business society of the United States. A high-tech company that occupies a huge market of 140 million people, once it has financial problems, it doesn't give a buffer opportunity?

This is impossible, Qualcomm can achieve today's scale, those shareholders cannot be so short-sighted!

"Bruce, you'd better tell me the truth, or I won't pay the money. I could have waited until you were put under bankruptcy protection and spent less. ”

Bruce, who was forced into a corner, had no choice but to make a gesture of invitation and led Li Jiaming to a remote place.

The problem is still with the competitors, GSM and CDMA are bitter rivals. If Qualcomm is allowed to develop, all chip manufacturers who do not have CDMA patents will have to pay high patent fees to Qualcomm. With such a rare opportunity, opponents like Texas Instruments and Intel still have a dead hand?

If they can join forces to take out Qualcomm, those patents can be divided and eaten, and everyone can tap the potential of GSM, and then calmly move to new technical fields. Several giants are still discussing and arguing, and those vulture-like M&A companies have already entered the market, which is also the reason why Qualcomm's stock plummeted, and it turned out that Li Jiaming was not the only one who was short in the market.

If the M&A company succeeds, coupled with the promotion of several major chip giants, Qualcomm, which is already in a desperate situation, will find it difficult to die if it can no longer find cash flow.

Capitalism of all evils!

It can't be delayed any longer, if you let behemoths like Texas Instruments and Intel enter the scene, you won't even be able to drink a sip of soup. Li Jiaming thought for a moment and agreed: "Okay, we can lend you $500 million first, but it must be used under our supervision." If the two parties reach a cooperation agreement, the loan will be automatically converted into the purchase of patents, and the price will be subject to the negotiation result; if you cannot reach a cooperation agreement, you must sell it to us at a price of 200 million after bankruptcy or merger and acquisition, and pay us back another 300 million in cash.

Bruce, this is a business deal, and I have to explain it to my partner. ”

The company has been targeted by the merger and acquisition company, and the outstanding shares are concentrated in the hands of those vultures, and it is better to cooperate with this Chinese boy than to be spun off by those vultures for profit. In order to obtain a large amount of cash to enter the field of telecommunications operations, to impress the board of directors, at least this can ensure that the company is not discounted!

"Thank you, when will the funds be available?"

This is very simple, HH Company is a private company, there is not so much trouble, but be careful to hold up the ship for ten thousand years, Li Jiaming also avoided answering, but said with a straight face: "Bruce, I value Qualcomm's technology and potential, but I also attach importance to risks." Now you tell me, how many voting rights have been held by the acquiring company, and how much is it swinging?"

This is a trade secret, but if you don't tell the other party the truth, the other party will not be able to enter the venue.

"Ok, the other party already holds 31.74% of the voting rights, and Owen and they already have 24.42%, and the company will be spun off and sold, and the profit is only the merger and acquisition of the company, and ordinary shareholders have no possibility of profiting.

You have around 7% of the voting rights, and combined with the strength of HH, it is easy to turn the majority of shareholders upside down. If they can convince Jerry to join the board, the acquiring company will have to admit defeat. ”

Heaven is a good reincarnation, who will the heavens let go, and Owen's old boy also has today?

Refreshing!

Li Jiaming, who felt forced to compromise with the old boy just now, laughed, shook his head and said, "No, no." Bruce, the other shareholders may not be able to make a profit, but our company will definitely make a profit, at least not let me lose money!"

This is an obvious thing, it is estimated that the M&A company has gone to Sunnyvale City to find this kid, but Bruce is not a rookie in the mall, shrugged his shoulders and said: "Ming, with your concept of attaching so much importance to technology, may you give up Qualcomm? ”

That's right, the analysis is all right, but Li Jiaming pointed his teeth and said: "Bruce, you are completely wrong, if the other party offers enough chips, why don't I cooperate with them? With sufficient compensation, we can make up for the technological gap with other mobile phone manufacturers, and the risk is lower than that of cooperating with you."

As for whether the technology is advanced or not, if everyone uses one standard, it doesn't matter whether it is advanced or backward. ”

"Maybe, but do you really think that with the strength of HH, you can catch up with giants such as Motorola, Nokia, and Ericsson without finding another way?"

If you are smart, you have to find a smart teammate. Li Jiaming, who was in a good mood, laughed again, waved at the middle in the distance, and after he trotted over, he explained a few words, and ordered: "Nakamura-kun, you call Kyle and ask him to discuss with Bruce and sign an agreement to acquire the patent of the QC6522 series of chips." ”

“ok”.

People are in a hurry about this matter, so they can't be in a hurry, they can't help others as a trust, and in turn let people dump them, right?

Li Jiaming, who never believed in the so-called promise, shook hands with Bruce and said goodbye: "Bruce, I will go back to raise cash immediately, and it will definitely arrive in six days." ”

“thank\/you.”

"Bruce, is the company going to be poisoned pills?"

Bruce, who couldn't handle the SEC, looked calm and said confidently: "We are applying to the SEC for the issuance of new shares, which will take time." ”

"OK", Li Jiaming shook his hand with confidence and turned to leave.

Bruce, who lied, knew that the poison pill plan would not work, but he couldn't explain it to the Chinese kid, for fear of scaring away his only partner. If the true situation of the company is known, the other party may first trade with the merger and acquisition company and sell the shares at a high price for a profit. Qualcomm, which is in a predicament, can only find a way to hide the truth and let this bastard come in to stir up the situation and strive to win in the chaos.