Chapter 1177: Collision

The Firefly system is a neat set of punches, directly crushing the attempts of Microsoft and other Internet companies to target Yahoo Browser.

However, the whole thing didn't end with the Justice Department announcing Tuesday that it was abandoning its investigation into Yahoo Browser's alleged monopolistic practices.

For the next three days, Firefly Investment continued to reduce its holdings in accordance with Monday's announcement. The panic sell-off in the new tech market, while eased, still hit the fragile Nasdaq stock market hard.

After the close of trading on Friday, the Wall Street media, which has always paid attention to the reduction of Firefly investment, released a series of relevant data for the first time.

Affected by the sharp drop in the Nasdaq index this week, Firefly Investment announced a total value of $3 billion in shares announced in its plan on Monday, which has shrunk to $2.37 billion after being fully cashed out. For this alone, Firefly Investments has a paper loss of more than $600 million.

However, the entire new technology market suffered even more losses as the Nasdaq index took another sharp turn.

By Friday's close, the Nasdaq had fallen 11.5 percent from 3,677 on Monday to 3,255, and the downward trend was even close to the July crash. The entire Nasdaq stock market has lost $370 billion in total book losses due to this decline.

After the first weekend of September, despite the efforts of various capital forces, the Firefly system did not support the new technology market as savior as it did last month, and did not even issue a statement that some people expected not to reduce their holdings.

Not only that, but just after the weekend, the firefly system struck again.

On Monday morning, Yahoo suddenly filed a lawsuit in Boston District Court alleging that At-Home's search engine business and online advertising distribution business infringed a total of 26 of Yahoo's technology patents.

Yahoo demanded that At-Home immediately cease operating its search engine tools and online advertising distribution system, which seriously infringed Yahoo's technology patents, and filed a huge $1 billion claim.

In the course of patent litigation, companies usually claim a higher amount of damages. However, Yahoo's $1 billion claim amount is still a bit of a lion's mouth in the eyes of many people.

You know, At-Home's total revenue for the whole of last year was less than $100 million.

However, the most striking aspect of the lawsuit is not Yahoo's huge claims, but Yahoo's demand that At-Home cease operating search engine tools and online advertising distribution systems.

At-Home's main business is Internet search engine tools, and online advertising is the company's most fundamental source of revenue.

Now, Yahoo's demands in the lawsuit are not just about taking a salary from the bottom of the kettle, but also about closing At-Home's doors directly.

In response to this lawsuit, discerning people can understand at a glance that this is Yahoo's counterattack against At-Home's attack on Yahoo last week.

However, after Yahoo filed the lawsuit, the list of 26 patents allegedly infringed by At-Home was published on the official portal and was completely irrefutable. Among them, patents such as 'web scraping', 'hyperchain analysis', and 'intelligent sorting' are the lowest technologies of intelligent search engine tools.

Without these, a search engine would have to revert to the original data retrieval mode, such as the unruly primitive matching of search results through keyword techniques.

Compared with more accurate intelligent search engines, this primitive keyword matching retrieval technology is destined to only face elimination in the competition.

Therefore, after a study of Yahoo's list of infringing patents and At-Home's apparently similar search engine tools to Yahoo's Google, many people realized that unless Yahoo was willing to take the initiative to license patents to At-Home, At-Home would really have only one way to go if Yahoo pursued it with the current federal patent technology protection regulations.

As more and more people understood this, the NASDAQ market reacted most directly.

Within two hours of Yahoo announcing that it was filing a lawsuit against At-Home, At-Home's stock price plummeted by more than 30 percent.

At the same time, the stock prices of other companies involved in the search engine business in the entire Nasdaq market have all plummeted.

As a result, the entire Nasdaq stock market continued to decline without any signs of rebounding.

Many people are now realizing that it was not an exaggeration for Ian Gurnier to claim that Yahoo was 'open' enough to promote the industry at last week's Justice Department hearing.

It is not difficult to see from this lawsuit that Yahoo's accumulated technical background makes it easy to defeat a company like At-Home that competes directly with it, but Yahoo has not done so before.

Now, after being provoked, Yahoo, a monster with a gentle temper, finally bared its fangs and struck directly at the opponent's most vulnerable neck.

As if to confirm some of the imagination in many people's hearts, at 10 p.m., the Firefly system shot again, this time targeting Microsoft, which also belongs to the behemoth in the industry.

Firefly Electronics filed a lawsuit in San Francisco District Court, asking the District Court of San Francisco to prohibit Microsoft from selling the product on the grounds that Microsoft's upcoming Zune music player allegedly infringed Firefly Electronics' patents on a series of core digital music player patents.

As the sales of Fireflyer players continue to explode, the trend that digital music players are about to become the next generation of portable music player trends has become very obvious.

Based on the industry's conservative expectation of 100 million units of digital music players eventually sold worldwide, even at an average unit price of $300, this would represent a huge consumer electronics market of $30 billion.

In comparison, although it already has more than 80% of the market share in the desktop operating system field, the total annual revenue of all of Microsoft's current businesses is less than $20 billion.

Although it has a very high market capitalization and profit level due to its monopoly advantage, Microsoft also needs to continue to expand its business.

Digital music players, a consumer electronics industry with a market volume of $30 billion, are obviously a very tempting piece of cake.

It's just that, in the face of such a big cake, Microsoft had just prepared the tableware for itself and wanted to feast, and the firefly system mercilessly knocked down the cups, plates and saucers in front of Microsoft.

The news that Microsoft is privately negotiating with At-Home during this time is not a secret in the industry.

In fact, At-Home's market capitalization of $7.6 billion before the event was largely influenced by the positive news of Microsoft's acquisition.

Now, a series of events have accumulated, and many people have gradually sorted out some clues.

Last month, Yahoo's abrupt announcement that Microsoft had not only unconditionally abandoned its original equity subscription contract, but would also continue to work with Yahoo on browser pre-installation, took the entire technology industry by surprise.

With Microsoft's strong style, the outside world does not believe that Microsoft will give up a great opportunity to kick Yahoo to develop its own Internet business for the sake of more than $100 million in pre-installation costs.

Some minority shareholders have even publicly accused Microsoft's top brass of being 'stupid'.

Of course, many people don't think that Microsoft's decision-makers would make such a low-level mistake, and they are almost instinctively aware that there must be some grey market trading behind this matter.

Then, last week, At-Home and other companies filed a petition with the federal Justice Department to investigate the alleged Yahoo browser monopoly.

On the surface, this incident seems to have nothing to do with Microsoft, but judging from the fact that Firefly has now relentlessly launched patent litigation attacks against Microsoft's target acquisition companies and Microsoft itself after the incident, it is clear that last week's incident is inextricably linked to Microsoft.

Well, after a little combing, it is not difficult to figure out that Microsoft had to sign a contract with Yahoo for some reason to continue to cooperate in the browser aspect.

However, this kind of thing is not expected to be reconciled to any company, let alone Microsoft, which has a monopoly position in the industry. So, obviously, Microsoft doesn't want to be honest with the contract.

However, it is inopportune to tear up a contract outright, which can seriously damage a company's business reputation. As a result, Microsoft has found another way, intending to indirectly force Yahoo to abandon this pre-installed contract, which is detrimental to the development of Microsoft's Internet business.

Then, At-Home, which has a close relationship with Microsoft, jumped out with some other friends.

The wish is beautiful, but the reality is cruel.

Microsoft's plan to indirectly tear up the contract had just begun to be implemented, and it was neatly defused by the Firefly system.

Not only that, but the firefly system fought back mercilessly in the blink of an eye.

Now, Microsoft has not only not been able to get rid of the pre-installed contract of Yahoo Chrome, but also faces the dilemma of being blocked by the Firefly system to develop into the two major business areas of Internet search engine and digital music player.

The industry has not yet realized the huge potential of the search engine business, but the bright future of the digital music player business is well known.

In the face of tens of billions of dollars of huge industries within reach but unable to be involved, the outside world almost has a strong curiosity about the current mood of Microsoft's top management at this time.

Moreover, people also found that Microsoft, which has always been strong, obviously fell completely behind in this collision with the Firefly system.

At-Home's stock price fell 46% in the first business day of the week, leaving it with a market capitalization of just $2.7 billion.

At-Home's share price has fallen by more than 65% from its peak market value two weeks ago.

Moreover, in the face of Yahoo's lawsuit, At-Home's board of directors and management have been in a state of collapse like its stock price, and it has not been able to respond effectively for a whole day.

On the other hand, although Microsoft issued a statement at the first time, arguing that the audio format used by the Zune player is completely different from the Fireflyer player, and the player's operating system also uses Microsoft's own software core, it does not admit that the Zune player infringes Firefly Electronics' software patents.

At the same time, Microsoft also questioned whether the patented technology listed by Firefly Electronics in terms of the hardware architecture of the digital music player is legal and valid.

It's just that Microsoft's seemingly well-organized and well-founded rebuttal is nothing more than a kind of quibble without any confidence in the eyes of those who are familiar with the rules.

At the end of the day, the technical principle of a digital music player is simply too simple.

Because of its simplicity, it is more likely to be completely controlled by patents.

This is like a dangerous pass that is easy to defend and difficult to attack, as a forerunner, Firefly Electronics has built a thick city defense on this narrow pass in advance. Then, whether it is Sony or Microsoft, no matter how strong its own strength is, as a latecomer, unless Firefly Electronics is willing to take the initiative to let it go, it can only be blocked out of the pass.

Due to a series of successive events, Eric remained in New York during this time.

The Williams Trust and the charitable fund for the two women have been completed.

The establishment of the Williams Trust Fund is very low-key, and there are no assets to be placed at the moment. The media and the public are also apparently paying more attention to the Eric Joanna Vickynia Williams Foundation, a charity with a long name.

Although it is inevitable to be ridiculed, after a few months, the outside world has basically become accustomed to Eric's relationship with Joanna and Vickynia.

I have to say that when a person's power and wealth reach a certain level, the world will be particularly tolerant of them.

Many behaviors that are sure to be criticized and blamed by ordinary people happen to the rich and powerful, and the public often subconsciously produces some kind of natural emotions.

Even, some media are still talking and speculating about who will be the next lucky girl to give birth to the Williams family.

Of course, this kind of news is not untargeted.

Cindy Crawford's sudden withdrawal from the production of "American Supermodel Contest" and the various signs accumulated over the past few months have confirmed that this beautiful stunner, who has been at the top of the Forbes supermodel income list for several consecutive years, has been lucky to be pregnant with Eric Williams' child.

However, with the lessons of last time, this time, both traditional media and open Internet platforms are cautious about reporting on Cindy's pregnancy.

So far, there hasn't been a single photo of Cindy circulating that proves she is pregnant, and most of the media has just made a few careful remarks on the sidelines.

While Eric is keeping a close eye on the Firefly system's counterattack against Microsoft, other things are also steadily advancing.

A week after meeting with the founders of IMG Group, news came that the other shareholders of IMG Group had agreed to sell their shares in IMG Group.

While there are some objections on some of the details of the acquisition, the shareholders have accepted Eric's $1.5 billion offer.

Things have developed to such a stage, and the news can no longer be hidden.

News soon appeared in the media that Eric was about to acquire IMG Group.

However, the most direct impact of this incident was reflected on Elite, the most direct competitor of IMG Group.

John Casablanca reached out to Eric as soon as he heard the news to see if he was interested in doing so.

Eric didn't hide his interest in both agencies at the same time.

Subsequently, in the face of the IMG Group, which was about to merge with the powerful Firefly system, the shareholders of Elite Company were obviously no longer optimistic about the prospects of this company, not to mention, Eric's offer for Elite Company was also very attractive.

After a few meetings, John Casablanca quickly informed Eric that Elite was also willing to accept the acquisition of Firefly Systems.

So, suddenly, the outside world was surprised to find that the two major brokerage companies with some of the most beautiful stunners in the world were about to belong to Eric Williams in the blink of an eye.