Chapter 866: Not a Penny Less
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Sony Records, BMG, and EMAI filed a lawsuit against FireFlyer for facilitating the spread of pirated music in the San Francisco federal court, indicating that the electronic product has a formal market position. With the unstoppable development momentum www.biquge.info of the FireFlyer player, the traditional portable music player manufacturers are almost destined to be hit by a strong or even devastating impact.
Stimulated by this news, the New York Stock Exchange just opened in the morning, and the traditional portable music player manufacturers led by Sony are estimated to have fallen significantly, and at nine o'clock in the morning Western time, the San Francisco Federal Court officially held a press conference to announce the news, Sony's stock price has fallen 2.7%, and within a few hours, nearly $1.5 billion in market value has disappeared. Coincidentally, the Wall Street Journal, an authoritative financial newspaper in the industry, has a potential valuation of $1.5 billion for Firefly Electronics.
Although Firefly Electronics is not a listed company, this news is still manifested in the stock market in disguise. That was Seagate Technology, the first company in the industry to develop a 1-inch microhard drive.
The original commissioned development agreement stipulated that Firefly Electronics had the exclusive right to purchase microhard disk products from Seagate Technology for three years after the company released its first microhard disk-related products.
As the largest mechanical hard disk manufacturer in the original time and space, Seagate's strength at this time is far from being comparable with traditional technology giants such as IBM, Hitachi, and Toshiba. In the whole of last year, Seagate's HDD shipments were only 5 million, less than 10% of the overall HDD market share.
Although the research and development of micro-hard disks is not difficult, IBM and other hard-disk manufacturers with deep technical background may only need half a year to be able to come up with mature products, but due to the early occupation of the opportunity, and with the priority supply agreement with Firefly Electronics, Seagate Technology is almost destined to become the main supplier of Fireflyer micro-hard disk in the next few years, and the sales capacity of Fireflyer can explode to what extent, now almost no one can be sure. Although the price of micro hard drives is much cheaper than traditional hard drives, Seagate Technology's micro hard disk drive business will even reach the same scale as traditional hard disks with its quantitative advantage.
After a series of news releases on the same day, while the stock prices of traditional portable music equipment manufacturers such as Sony fell across the board, Seagate Technology's stock price was a blockbuster, soaring 12% in just one morning, perhaps to further stimulate the stock price, Seagate Technology CEO held a press conference at noon on the same day, showing the media that Seagate has successfully developed a 2G capacity micro hard disk sample, and said that this product will likely be used in the next generation of FireFlyer players.
When the market was up and down by the news about Fireflyer, there was an unexpected hiccup, a newspaper in New York dug up the news that Firefly Electronics first contacted IBM in the hope of entrusting the other party to develop a microhard drive, but due to IBM's arrogant and slow response, the cooperation invitation finally fell through.
In recent years, under the leadership of the new CEO Gerstner, IBM has begun to recover, but the situation is far from what it used to be, and now it is even more likely to be overtaken by Microsoft, which was supported at the beginning, in terms of market value. Although hard disk manufacturing is only a marginal business of IBM Group, the information revealed by this news that IBM Group is full of problems has to make this traditional high-tech giant cautious, and IBM CEO Gerstner then even appeared in front of the media to justify this 'trivial matter'.
Jeffrey's Farm, Maryland.
Although I am disturbed by various news from the outside world from time to time, there is still a joyful atmosphere in the small farm like a paradise.
The wedding will be held on the large lawn behind the Jeffrey family's house, and in order to accommodate most of the guests, the time has been chosen for tomorrow morning at 11 a.m. instead of the traditional afternoon. The wedding scene on the lawn was already surrounded by flowers at this time, and some people were still putting the finishing touches on the scene, and the pleasant scent of flowers wafted in the air.
Eric and Chris greet the guests who are still coming, and in addition to the guests who will arrive tomorrow, there will still be some guests from afar today, such as Katzenberg, Victor McNelli, Bill Olsen, Jeff Bezos, and so on.
Although it was already summer, the weather at the farm did not mean that it was hot at all.
After a quick bite to eat at two o'clock in the afternoon, Eric took his time to the lawn behind the villa, where a simple rehearsal was taking place for the wedding ceremony, of course, mainly for the flower boy ring boy.
Although she has a good relationship with Emily, neither Joanna nor Virginia is suitable to be bridesmaids, but Joanna's sister Eva Pakula will join in the fun.
Thinking about the two women, Eric also resigned the role of Chris's chief best man and gave him up to one of Chris's cousins. However, all three little ones will serve as flower girls and ring children at the wedding.
On the lawn, in addition to Joanna and Virginia, Jeffrey and Emily's parents, Jack Brighton and Melissa Brighton, were also present, surrounded by other relatives from both sides, and everyone watched the performance of five or six little ones with smiles on their faces.
Eric said hello to Jeffrey, walked to Virginia and Joanna and sat down, looked at the middle aisle, the wedding master of ceremonies racked his brains to coax a group of restless little guys, and asked Virginia with a smile: "Wouldn't it be nice to use a pair of flower girls to quit children, so many little guys, there will be no chaos every day, right?"
"This kind of thing, even if there is a little mess, everyone will laugh and pass," Virginia explained, and added in a low voice: "With so many relatives and friends, it is difficult to arrange it with only two children." β
Eric nodded, taking advantage of everyone's attention on the little ones, reached out and put his arm around Virginia's waist, and asked with a smile, "Envy?"
Virginia turned her head and stared at Eric, with a smile on her lips, and said, "Envy is dead, what are you going to do?"
"Why don't we have a wedding too, I haven't taken a wedding photo of three people yet, you and Joan. β
"Phew, you bastard, I'm too lazy to toss with you," Virginia took a low sip, leaned back on Eric, raised her left hand and shook the rose gold ring encrusted with rubies on her ring finger, and said, "I've discussed with Joan, if you treat us badly in the future, we will both take Kevin and Xia Xia to Europe and never see you again." β
Eric laughed, "You two are secretly plotting this kind of thing?"
"Yes," Virginia said, giving Eric a blank look, "Moreover, you still have to pay alimony, a billion dollars a year, not a penny." β
"Wow," Eric said with a 'shocked' face and a trembling tone, "How did you figure it out?"
Virginia was very reasonable: "Of course it's calculated casually. β
"What if I don't give it?"
"Joan and I will find a new dad for Xia Xia and Kevin together. β
Eric immediately raised his hand in surrender: "Okay, I admit defeat. β
Joanna, who had been listening to the whispered conversation between the two, reached out and hit it, and laughed softly: "Don't talk nonsense. β
Virginia smiled, stretched out her hand to hold Eric, looked at her precious son in the field with doting eyes, and said, "I have something to discuss with you, Kevin and Xia Xia should go to school, and there is no suitable school in the Hamptons." β
Eric thought for a moment and said, "Why don't you move to Manhattan, where there are more private schools." β
Virginia shook her head and said, "Joan and I are used to living in the Hamptons, Manhattan is too noisy. β
"Then we can't just run a school for the two little ones, can we?"
Eric's unintentional words happened to poke Virginia's heart, and the woman said: "Why not, Rockefeller set up a private school for several of his children back then, which is the Browning Private School in Manhattan, and your current net worth is not much worse than that of the Rockefeller family back then, right?"
Eric shook his head and said, "Running a school isn't just about money. β
Virginia insisted, "Anyway, you can pay for it, and Joan and I will do the rest." β
Eric had to compromise, he knew that Virginia and Joanna were more important than he was in the education of their children, so he had nothing to worry about, and said, "Okay, I'll pay for it, you can do whatever you want." β
β¦β¦
β¦β¦
The wedding will be held on the large lawn behind the Jeffrey family's house, and in order to accommodate most of the guests, the time has been chosen for tomorrow morning at 11 a.m. instead of the traditional afternoon. The wedding scene on the lawn was already surrounded by flowers at this time, and some people were still putting the finishing touches on the scene, and the pleasant scent of flowers wafted in the air.
Eric and Chris greet the guests who are still coming, and in addition to the guests who will arrive tomorrow, there will still be some guests from afar today, such as Katzenberg, Victor McNelli, Bill Olsen, Jeff Bezos, and so on.
Although it was already summer, the weather at the farm did not mean that it was hot at all.
After a quick bite to eat at two o'clock in the afternoon, Eric took his time to the lawn behind the villa, where a simple rehearsal was taking place for the wedding ceremony, of course, mainly for the flower boy ring boy.
Although she has a good relationship with Emily, neither Joanna nor Virginia is suitable to be bridesmaids, but Joanna's sister Eva Pakula will join in the fun.
Thinking about the two women, Eric also resigned the role of Chris's chief best man and gave him up to one of Chris's cousins. However, all three little ones will serve as flower girls and ring children at the wedding.
On the lawn, in addition to Joanna and Virginia, Jeffrey and Emily's parents, Jack Brighton and Melissa Brighton, were also present, surrounded by other relatives from both sides, and everyone watched the performance of five or six little ones with smiles on their faces.
Eric said hello to Jeffrey, walked to Virginia and Joanna and sat down, looked at the middle aisle, the wedding master of ceremonies racked his brains to coax a group of restless little guys, and asked Virginia with a smile: "Wouldn't it be nice to use a pair of flower girls to quit children, so many little guys, there will be no chaos every day, right?"
"This kind of thing, even if there is a little mess, everyone will laugh and pass," Virginia explained, and added in a low voice: "With so many relatives and friends, it is difficult to arrange it with only two children." β
Eric nodded, taking advantage of everyone's attention on the little ones, reached out and put his arm around Virginia's waist, and asked with a smile, "Envy?"
Virginia turned her head and stared at Eric, with a smile on her lips, and said, "Envy is dead, what are you going to do?"
"Why don't we have a wedding too, I haven't taken a wedding photo of three people yet, you and Joan. β
"Phew, you bastard, I'm too lazy to toss with you," Virginia took a low sip, leaned back on Eric, raised her left hand and shook the rose gold ring encrusted with rubies on her ring finger, and said, "I've discussed with Joan, if you treat us badly in the future, we will both take Kevin and Xia Xia to Europe and never see you again." β
Eric laughed, "You two are secretly plotting this kind of thing?"
"Yes," Virginia said, giving Eric a blank look, "Moreover, you still have to pay alimony, a billion dollars a year, not a penny." β
"Wow," Eric said with a 'shocked' face and a trembling tone, "How did you figure it out?"
Virginia was very reasonable: "Of course it's calculated casually. β
"What if I don't give it?"
"Joan and I will find a new dad for Xia Xia and Kevin together. β
Eric immediately raised his hand in surrender: "Okay, I admit defeat. β
Joanna, who had been listening to the whispered conversation between the two, reached out and hit it, and laughed softly: "Don't talk nonsense. β
Virginia smiled, stretched out her hand to hold Eric, looked at her precious son in the field with doting eyes, and said, "I have something to discuss with you, Kevin and Xia Xia should go to school, and there is no suitable school in the Hamptons." β
Eric thought for a moment and said, "Why don't you move to Manhattan, where there are more private schools." β
Virginia shook her head and said, "Joan and I are used to living in the Hamptons, Manhattan is too noisy. β
"Then we can't just run a school for the two little ones, can we?"
Eric's unintentional words happened to poke Virginia's heart, and the woman said: "Why not, Rockefeller set up a private school for several of his children back then, which is the Browning Private School in Manhattan, and your current net worth is not much worse than that of the Rockefeller family back then, right?"
Eric shook his head and said, "Running a school isn't just about money. β
Virginia insisted, "Anyway, you can pay for it, and Joan and I will do the rest." β
Eric had to compromise, he knew that Virginia and Joanna were more important than he was in the education of their children, so he had nothing to worry about, and said, "Okay, I'll pay for it, you can do whatever you want." (To be continued.) )