Chapter Twenty-Three: Danger Counts
Believing in God, believing in love, and loving family is said to be the faith of Americans, and it is also an American value that Hollywood vigorously promotes, and it is also a phrase that Li Jiaming often ridicules American friends.
Love family, so the divorce rate remains high, believe in love, so sign a property agreement before marriage, believe in God, when the voice of the dollar sounds, turn around and throw yourself into the arms of Satan.
Of course, this is just Li Jiaming's ridicule of his friends, because most of his friends are rich people. Ordinary Americans, who are still stupid enough to believe that, even if they are not keen on going to church, still scream '\/god' every day.
That's right, Americans don't believe in God, they believe in dollars. The so-called American dream, in layman's terms, is to work hard, work hard to make money, live in luxury houses, drive luxury cars, luxury yachts, private jets...... Wine is like water, and beauty is like a cloud.
Yang Zhiyuan, who was put on the altar by AHOO with concerted efforts, returned to the company to hold a board meeting, depicting an incomparably better prospect of the Internet of Things for everyone, and making the directors who rushed to rejoice. But when everyone was told that Texas Instruments took the lead in breaking through the barriers of digital communication technology, the enthusiastic scene suddenly turned cold, and the directors began to calmly analyze and calculate.
In the end, a result similar to Li Jiaming's estimate was obtained: this generation of digital communication standards has been established, and only the next generation of standards can be competed for, and this will take at least five to six years. In five to six years, will the powerful GSM alliance be able to break through A again and make a breakthrough first, and will telecom operators be able to recognize it? Relying only on the few markets that are currently suppressed by the US government, A can become the mainstream standard.
No one can know that no matter how wonderful the prospect depicted by Yang Zhiyuan is, the huge risks are also there. If it succeeds, the prospect is as he said, and if it fails, you can only bet on the next generation, otherwise all the investment in the early stage will be nullified.
"Jerr, I'm proposing to put it on hold for now, it's not a matter of a one-time investment, it's a matter of at least continuing to invest for five or six years. ”
Yang Zhiyuan, who has already estimated it very clearly, insisted: "No, relying on the South Korean, Japanese, and Taiwanese markets can keep Qualcomm running normally, we only need this investment." ”
"But who can guarantee that after the GSM standard enters the field of digital communication, the current market will not change the standard? ”
This is another huge problem, if Qualcomm can't make a technological breakthrough in a very short time, market A is likely to change the standard. It is impossible for the government to exert pressure anymore, because the main manufacturers of the GSM alliance have been transferred from Europe to the United States.
When A's market shrinks, Qualcomm will become a black hole of funds, and I don't know how much money needs to be invested, and I don't know if it can replace GSM in the unpredictable future. As everyone used to estimate, GSM has a natural flaw and cannot afford to handle larger network traffic, but people just do it.
What's worse is that the longer the time drags on, the more money and equipment telecom operators invest, and the less likely it is to easily change industry standards. Owen's old madman said that he wanted to enter the field of telecommunications operations, but that was not realistic at all, and no one could be the enemy of the whole world.
Willing to spend billions of dollars to buy junk companies in the stock market, but afraid to gamble on a future. Looking at these directors who were holding back, Yang Zhiyuan, who rushed back excitedly, was disappointed, and suddenly regretted that he should not have retreated into the background. If he were still the chairman and CEO, there would be countless ways to force these short-sighted people to get on board, but unfortunately he is no longer so.
Sighing in disappointment, Yang Zhiyuan finally made an effort and said: "Gentlemen, the investment opportunity of HH Company is tied to this acquisition. I am already the vice chairman of HH, and I can responsibly tell you that MING has a great idea that may be able to disrupt the future of the mobile phone market. ”
Everyone was shocked and hurriedly asked about the details of Li Jiaming's creativity, but Yang Zhiyuan did not talk about it in detail because of traditional moral concepts and his own interests.
"No, it's a trade secret, Ming trusted me, so I let it know. I don't have the authority to disclose it to you due to the company's confidentiality rules, but I can once again be responsible to tell you that the idea was really great and well worth the risk. ”
Seeing this, Tim, who had always remained neutral, immediately said, "Jerr, can the benefits offset our risks?"
It is difficult, after Li Jiaming revealed his idea to Yang Zhiyuan, it is impossible to accept investment according to the original valuation, not to mention that he has solved the most important financial problem. Because Yang Zhiyuan knows all the business plans, if the company is short of money, he will definitely make additional investments. He owns less than 7 percent of AHOO, and the return on every penny he invests in HH is his own, which is easy to calculate.
Son Masayoshi, who had also been silent, dared to bet, and seeing that everyone was still hesitating, he immediately supported: "Jerr, I support your decision."
Gentlemen, where the risk is great, the benefit will be great! They are all great geniuses, and they must be quite sure that it is feasible at the same time. ”
With at least 31% of the voting rights, Yang Zhiyuan was overjoyed, but he was immediately asked: "Jerr, are you really sure? Fifty percent, sixty percent?"
At the critical moment, Yang Zhiyuan's indecisiveness in his bones emerged, and it is good to succeed in investment, but in case of failure, AHOO will be dragged into the quagmire, and he will also bear the main responsibility. Yang Zhiyuan, who was silent for a long time and didn't dare to say anything more like Li Jiaming, shook his head slowly and argued: "This is an adventure, and I am only thirty percent sure." ”
Defeated, the old and spicy Son Masayoshi knew that the board of directors would not agree as soon as he saw it. These people usually play the numbers game on Wall Street, but have they ever really understood the Internet?
The truth is often in the hands of the few!
Suddenly, Son, who had previously rejected the WVR system, regretted that he should not have supported WVR in the first place, and that if control of the company remained in the hands of the core management team, there would be no need to consult with these short-sighted directors. These people only see the risks, but do not see the potential opportunities, HH company is a mountain of gold, and the Lifang network in China is also a mountain of gold.
What if this investment fails? As long as Ming agrees to the investment opportunity, no matter how big the loss is, it can be earned!
After the majority of shareholders expressed their opposition, Son said firmly: "JERR, if needed, we can invest in SoftBank." ”
Useless, disappointed Yang Zhiyuan shook his head, Qualcomm's acquisition needs billions of funds, and the competitor is the powerful Intel, without the entire AHOO as a backing, with a single HH company, how can those shareholders fall to their side?
"Gentlemen, I hope that you will keep the contents of today's meeting confidential, and that the Board of Directors will hold you accountable if it interferes with the commercial negotiations of our future partners. Don't forget, if HH falls to AOL, it will greatly damage the interests of our AHOO!"
Yang Zhiyuan, who was extremely disappointed, threw down two warnings on his behalf, glanced at his old friends David and Son Zhengyi, and got up and went back to the office.
Before the cup of bitter black coffee was finished, two entrepreneurial partners and investors knocked on the door, and the two looked at each other with a wry smile and an eagerness.
"Jerr, we SoftBank can provide more than a billion dollars, and that's not enough?"
Yang Zhiyuan put down the coffee cup, smiled bitterly and whispered: "Under normal circumstances, it is enough, but the opponent is Intel." ”
Since it's that monster, without the whole AHOO as a backing, no one can take the food. After a moment of silence, Masayoshi Son, who understood East Asian culture, took the initiative to say, "Can Ming retreat safely?"
"I need the help of the two of you, and if he fails, HH will be affected a lot. Mr. Sun, can you help us with this?"
"No problem, I'll accompany you tomorrow. ”
“david?”
David, who had a stubble beard, put his arm around his friend's shoulder and encouraged, "Jerr, you're right, it's a pity that we have too few votes." I didn't touch the money I cashed out last time, I brought it all over and scared those vultures to death!"
David also thinks that Yang Zhiyuan is right, then this matter is very likely to be correct, and the daring Son Masayoshi whispered: "Jerr, we may not be able to prevent Intel from annexing Qualcomm, but we may be able to keep it independent." ”
Yang Zhiyuan, who was unwilling to fail, moved in his heart, saw that David was also nodding, and whispered: "Let's go, let's go to San Diego." ”