It is true that a public company is no better than a private company, and the CEO has a lot of power, but he has to bear all the responsibilities and pressures, such as the decline in the company's performance and the decline in stock prices.

Since Texas Instruments developed the TMS320C4X chip, which pushed the performance of G** mobile phones to a new peak in one fell swoop, Qualcomm, which adheres to the CDMA standard, has been in a downward spiral. The new CDMA baseband chip did not meet the expected performance, and just in time for the bursting of the Internet bubble, Qualcomm's stock price fell all the way, from $32.7 billion to $25.1 billion, down nearly 1/3 of the market value.

The market share has been declining, and the research and development of new chips has failed, and Qualm (Qualcomm), which has been pressed to the ground by Texas Instruments, ADI, and Broadcom in recent years, finally can't stand it. Under heavy pressure, the CEO resigned, and the board of directors had to ask the founder and honorary chairman Owen Jacobs, an old man, to re-emerge as chairman and CEO, hoping that he could lead Qualcomm to make a comeback.

After some investigation and analysis, Owen Jacobs believes that the future mobile phone market will inevitably pursue higher call quality, must be connected to the Internet, and require higher connection speed, so he decided to develop a new generation of CDMA chips and establish his own base station to enter the field of telecom operation. The development of new CDMA baseband chips is a big gamble, and the establishment of CDMA base stations to enter the field of telecom operations is a big gamble, which is a direct competition with existing telecom operators. In the United States, the sales channel of mobile phones is not a specialty store, but the sales hall of telecom operators.

Even if the new chip is successfully developed, Qualcomm will face a double boycott from telecom operators and mobile phone manufacturers under pressure from channel providers, and in case of repeated failures, Qualcomm will 100% cease to exist.

CDMA is not comparable to G**, only Japan, South Korea, and North America use the CDMA standard, Europe, Latin America, and most Asian countries use the G** standard, and the largest North American market is also G** and CDMA coexist. After the development of a new generation of CDMA chips, will mobile phone giants such as Nokia and Motorola purchase them?

Financially stretched and investors stumped, Qualcomm's R&D inevitably fell into trouble, driving the stock price to fall again, and the market value fell again to $12.9 billion.

What to do?

In the past, with Qualcomm's comprehensive strength and the high cost performance of CDMA standards, it would not be a problem to issue new shares, but now it is a stock market crash! The NASDAQ disaster has begun to spread to the New York Stock Exchange, and all investment banks and funds are holding on to cash and refusing to invest even a single dollar.

This is the opportunity, the opportunity that Li Jiaming has been looking forward to for a long time, and it is also the opportunity that Kyle is most afraid of!

The HH company is developing very well, and the iPod sells well all over the world, selling 1.2 million units in just four months, and it is no problem to sell 4 million units this year, at least with a profit of more than 200 million US dollars. Even if E still loses money, there will be hundreds of millions of dollars in profits, but HH is far from qualified to participate in such a big gamble as setting industry standards.

The R&D cost of the architecture generation of chips is at least more than 600 million, and it may not be successful. Even if R&D is successful, investing in a new production line can cost billions of dollars, and if there are not enough sales to spread the cost, it will still be a failure. Qualcomm has come to this day, not because of the failure of the research and development of a certain chip, but because most telecom operators use the G** standard, forcing mainstream mobile phone manufacturers to purchase CDMA standard chips in small quantities, making the cost of CDMA chips high. If costs remain high, sales will decrease, and as a result, an endless cycle will be formed.

This is the first-mover advantage, G** was established in '87, it was first supported in Europe, and the technology is very mature, while CDMA is a new industry standard based on the IS-95 standard, and it was made by the Americans themselves, which is eight years later than G**. Eight years is enough time for most telecom operators to build a wireless communication network with wide coverage, and it is not easy for those operators to give up their huge existing investments and adopt the late-developed CDMA standard.

If it weren't for the fact that the Americans were more arrogant, it is estimated that even Japan, South Korea and other countries would adopt the G** standard. But the Americans are so manipulative -- insiders in foreign wars, outsiders in civil wars, he can force others to adopt the CDMA standard developed by himself, but he can't force his own domestic telecom operators to give up G**.

However, the Europeans have not been cheapened, with strong scientific and technological strength, just eight years later, G** chips from design to production and sales, are controlled by Texas Instruments, Freescale, ADI, and Broadcom. With their strong strength, these companies have carved up the baseband chip business of major mobile phone brands such as Nokia, Motorola, Sony, and Ericsson, and they have not even left the soup to the latecomer Qualcomm.

Without the support of telecom operators, how could Qualcomm's CDMA compete with Texas Instruments' G**?"

These don't need to be explained by Kyle, and Li Jiaming is also very clear, but he knows that Qualcomm is the overlord of mobile phone chips in the future. How Qualcomm rose, Li Jiaming didn't know, as long as he knew that this company had the last laugh, he could follow it to the end.

"Kyle, this is a great opportunity! As long as we become members of their board of directors, we can use the upstream chips to make the other party's R&D at least a generation behind us!"

Shit, this bastard is a paranoid, and a paranoid with the ability to mess around!

Qualcomm's stock price has fallen, but it is also a behemoth of more than 25 billion, how many shares do you need to enter its board of directors? Even if it is 10%, it will need at least more than 2.5 billion, and considering the rapid rise in market value brought about by the rush to buy stocks, I am afraid that 3 billion will not be able to stop!

HH Company has no money, but HH Company is worth a lot of money, and there is no problem in lending 3 billion US dollars. If this bastard mortgages the shares of HH company, the research and development of mobile phones does not go well, and the investment of Qualcomm does not go well, and the entire HH company will be swallowed up by those financial institutions!

This is indeed very likely, it is risky to do business, and it is even more risky to develop new products. Just like the research and development of the iPod, more than 300 technicians have been busy for a year and a half, and in the end it is still a semi-defective product that can meet practical standards.

But Li Jiaming thinks that this risk is worth taking, and if he can occupy the upstream of the industry, who the wants to mix in the downstream? Not to mention anything else, just by getting the chips that are still in the experiment, he can lead the opponent for at least half a year to develop mobile phones. How fast is the replacement of electronic products? The time difference of half a year is enough to beat all opponents!

"But this is gambling! Bet everything the company has, and bet on whether Qualcomm will succeed!"

That's right, from Kyle's standpoint, it is indeed a big gamble with low odds of winning, and if there are no urgent performance requirements, it is impossible for telecom operators to give up G** and switch to CDMA. Even if it succeeds, other giants will quickly follow suit, but they will win the advantage for two or three years, and finally they will be leveled again. But if it fails, HH will be dragged to death.

R&D of new technology is just that, go to heaven or hell. If Li Jiaming was Kyle, he would not have taken such a big risk, and would rather take a slower and steady step than step into hell in one step. But he knows that Qualcomm succeeded in his last life, and although there are risks in this life, it is worth gambling.

This is a conflict based on fundamental interests, Li Jiaming knew that there was no way to convince, so he had to remind: "Kyle, you have to make one thing clear, the money is my private property, and the company's expenses for developing markets and establishing sales channels are actually borrowed from me privately." I can also tell you plainly that if the 700 million funds are not enough, I can also mortgage the shares of HH. ”

What to do?

Whether it is Hanhua or HH, Li Jiaming is dominant, and even if Kyle and Wang Zhidong join forces, they will not be able to veto his decision. After being silent for a long time, Kyle blushed and said in a deep voice: "Ming, if you insist on doing this, I want to sell the shares of HH Electronics." ”

Is this a threat? Lao Tzu has made you a billionaire, and you want to get off the boat now? Li Jiaming instinctively wanted to get angry, but just as he wanted to get up from the sofa, he forcibly sat back again.

This is the instinct to seek advantages and avoid disadvantages, and he can't do without this white orangutan, not to mention that the mobile phone project is being promoted by him, and even the HH company is not really on the right track. Without this bastard, it's hard to have fun in a short period of time.

After taking a few deep breaths, Li Jiaming suppressed the anger in his heart and said dissatisfiedly: "Kyle, we've known each other for almost four years, right?

If you and Wang are not willing to make chips, you can not participate, is it necessary to mention the withdrawal of shares with me?"

If I don't say that, you won't tie HH to the gambling table completely? Seeing that Li Jiaming had the intention of giving in, Kyle sighed in his heart. If Li Jiaming insists on doing it, he can only jump down with his eyes closed, and without the permission of the other party, his shares can be withdrawn?

But Li Jiaming didn't want to gamble, Kyle didn't have the guts, let alone Wang Zhidong? After a moment of silence, Li Jiaming gave in again: "In this way, I won't ask HH Company to pay dividends within a year, and all profits will be for you to do research and development." The company borrowed my money and repaid it in installments after a year. What do you think of me keeping my 200 million in cash and keeping the mortgage without affecting the control of the company?"

"OK, good luck!"

Good luck with your damn dead heads!

Li Jiaming, who was angry, smiled, and suddenly turned his face and said, "Kyle, you haven't thought that at some point in the future, I will find another CEO to replace you?"

A pair of gray eyes stared at Li Jiaming's black eyes, and after a while, Kyle shrugged his shoulders and said indifferently: "Ming, if you only have this bearing, it doesn't matter if I leave the company." ”

Damn, let this bastard guess again, Li Jiaming, who got up to get a cigarette, reached over and rubbed the neat golden retriever of someone's head, and laughed at himself: "My friend, it's really boring to be a boss." If it had been my brothers, I would have beaten them up today and couldn't take care of themselves. ”

Kyle let Li Jiaming rub his head into a chicken nest, if he didn't let this bastard out of this breath, sooner or later he would find another reason to tidy himself up.

"Ming, I'm going to negotiate with Qualcomm, right? Your personality is not suitable. ”

Kyle didn't stiffen it anymore, and Li Jiaming softened. With 200 million cash as a base and a little more shares, you should be able to get together the funds for Qualcomm to start the research and development of new chips. As for the follow-up capital investment, the ship will naturally go straight to the bridge, and the living can still suffocate urine?

"You should have gone, but if it succeeds, how much benefit will it be to the company? I'll go and meet with Mr. Owen first, and then you can talk to him. We have to hurry up on this matter, I have to go back to China next month to attend the graduation ceremony, and I still have some personal matters to deal with, and I may have to stay in China for a while. ”

After speaking, Li Jiaming picked up the phone and told the assistant to go to San Diego for a trip to meet Mr. Owen.

After discussing the business, it was already very late, Kyle made a phone call and went home and went to the guest room to rest by herself. Li Jiaming looked at the time and calculated the time difference, and hurriedly called back to wish his little sister a happy birthday. As usual, as soon as the two siblings said a few words, the phone over there was snatched up by Wanwan, shouting that his words didn't count, and he didn't bring her to the United States to see the fourth brother.

It's really fast, nine years in a flash, watching Wanwan be born, and watching her nine years old. In the countryside, it is ten years old.

"Well, no! After the final exam, you can take me to see the fourth brother, and you have to take a big plane!"