Chapter 1 Peak Loop Turning (I)

The streets of New York are bustling with traffic, skyscrapers, and the NYSE and NASDAQ are still bustling, but traders are less excited and more anxious, but only anxious.

For the vast majority of Chinese, stocks are speculation, so they are called stock speculation; For most Americans, stocks are investments, hence the name "financial management."

Since it is financial management, it is to value the actual value of stocks and the development potential of the company, and shareholders have their own judgment and will not speculate easily. When the stock market crash came, the stock market was naturally full of mourning, but those companies with excellent performance experienced a wave of declines, and their stock prices quickly stabilized. For example, Cisco, Microsoft, Dell, and Sohu.

Even after a wave of sell-offs, when the market capitalization fell to 4.112 billion, SOHU's stock price finally began to stabilize. In the words of analysts, Huaguo's economic development speed is amazing, as its largest domestic portal, both users and influence far exceed China.com, Tom and other websites, the development potential is huge.

In stark contrast to this, China.com, SOHU.com has been able to stabilize its stock price with its excellent performance, and its stock price has plummeted. In just one month, the market value of China.com fell from the peak of $8.148 billion to $670 million, becoming a real junk stock.

Therefore, the hat of 'King of Big Talk' worn by Li Jiaming was unanimously voted by Chinese netizens with a mouse and awarded to Ye Keyong, CEO of China.com. At the beginning, Li Jiaming's scathing evaluation of Ye Ke - 'naked swimmer' was turned out by netizens: When the tide recedes, it is clear who is swimming naked. There are good deeds, and he also gave him a lewd but not vulgar nickname - Ye Dandan.

Far away, SOHU's stock price has stabilized, and it has been stabilized by SOHU without repurchase, which proves that the market value of 4.1 billion is recognized by everyone. Although SOHU's profit last year was only about 80 million US dollars, compared to the huge market behind it, it is still in a fast-growing economy, and the market win rate of 50 times is not high. In other words, in the eyes of those investors, buying SOHU shares is a very cost-effective one, at least much better than the Nasdaq Internet companies that have only one story and no reliable profit model.

Therefore, the stocks in Li Jiaming's hands have a very high investment value, and he was invited to New York by Ms. Agnese. It's just that the other party doesn't have much appetite, and he is used to putting his eggs in countless baskets, and only hopes that Li Jiaming will transfer 10% of the shares instead of all.

It's okay, transfer 10% to Ms. Agnese, and then transfer some to Yahoo, so that Lao Zhang will not be too anxious. Li Jiaming pondered while admiring the fake oil painting "In the Far North", while Robert accompanied him to appreciate art rather than money.

Agnese's husband Robert admires Li Jiaming very much, and at his age, he has seen more and more geniuses, and he has seen too many geniuses. Especially those geniuses in Silicon Valley have almost some character flaws, or withdrawn and introverted or nobody, and it is difficult to get along with people. The young Chinese in front of him is different, although he has a proud side, he also has a kind side, it is very easy to get along with him, and there is a calmness that young people do not have.

"Ming, in fact, you are like this Siberian cedar, standing tall."

Is it? Li Jiaming smiled slightly, looked away from the cedar, raised his glass and joked: "Robert, I won't reduce the price." ”

In a large market of 1.3 billion people, the most powerful portal in the market has a market value of only $4.1 billion, and Ms. Agnese and her husband did not expect Mr. Lee to sell his fully voting shares at market value. That is, I heard that this Chinese kid is going to do mobile phone research and development, and he will buy mobile phone patents everywhere, and he should be short of cash, otherwise they would not invite him to New York as a guest.

"Of course, that's business, but we have one condition."

In fact, this couple is very worthy of dating, not to mention the taste and style of life, and they also like to put transactions on the table and talk about them openly. It's hard to be a close partner with someone like that, but there's nothing to guard against.

"Please, as long as it doesn't embarrass me, I can consider it."

"We want you to stay on the board and keep your current shareholding stable. Power needs to be limited, Zhang's prestige in Sohu is too high, we need you to stay and contain him. ”

If the other party doesn't say it, Li Jiaming won't transfer it all, but since they put it forward, they have to exchange something back.

"Robert, is there a way for me to become a director of Qualcomm?"

"No", Robert shook his head and explained, "Qualcomm's founder, Owen . Jacobs is a very paranoid person, and when the company went public, he ruled out the possibility of being controlled by a consortium, so he has been focusing on technology research and development for fifteen years, and is not controlled by capital. ”

It means that if you want to become a director of Qualcomm, you must be approved by the board of directors, but who wants to share power with others?

"In other words, if he is willing to bow to capital, can he overcome the current difficulties?"

"Of course, the potential of CDMA technology, in fact, everyone knows, the problem is that the will of capital is to maximize profits. When telecom operators, chip manufacturers, and mobile phone manufacturers can get enough benefits from the old GSM standard, no one is willing to promote the establishment of a new standard.

As long as Qualcomm is willing, there will still be investment banks willing to take risks, the standard is congenitally insufficient, it is difficult to overcome its defects, even if it can break through the current bottleneck, it is difficult to achieve high-speed transmission of data. ”

After pondering for a while, Li Jiaming suddenly said: "The premium is 120%, and I will transfer 10% of the shares to you." In fact, before I came, Yahoo's Jerry discussed it with me, and the price was also this price. I didn't promise him, because you and Madame Agnese helped me three years ago, and I promised you that I would have to tell you. ”

This condition is not high, but business is business, and there is always a bargain, Robert hesitated for a moment and reminded: "Ming, transfer to Yahoo, you will lose control." Transfer to us, the control is still yours, we only need to influence and share the growth dividend of SOHU. ”

There was no affection at the negotiation table, and Li Jiaming smiled and said, "Robert, I don't really care about Sohu's control. In fact, I've voluntarily relinquished control at least four times. Let's put it this way, my career is HH company, and there is also Huaguo's Lifang network, I just need to maintain a certain influence on SOHU. ”

After thinking for a moment, Robert raised his glass and gestured, "I'll go and discuss with Agnese, this is the business of her family fund, not our Stern family's fund." ”

"Okay, what you promised me last time, does it still count?"

The strange Robert looked at the fake of "In the Far North" that Li Jiaming pointed out, and said happily: "Of course, of course, all the artworks in the study, except for those few Picasso sketches, you can take as many as you want." ”

"Then you're welcome, I found that I fell in love with Shishikin's work."

"You please".

Of course, you won't be polite, and by the time Robert and his wife have discussed it, Li Jiaming has already wrapped up a few oil painting fakes in the study. It's not easy to be an older brother, I can't give my little sister a real handiwork, and sending back some better artworks than the ones in the album is better than nothing.

"Robert, next time you have another work, remember to keep a copy for me, okay?"

"Absolutely, we are in contact with several major museums to replicate those great works of art, so that ordinary people can appreciate their greatness without having to go to museums."

"God, you're destroying art again!"

The two men shook their heads at the same time, which is obviously to popularize art, so that appreciating art is no longer the patent of social elites. Of course, this is also a joke between friends, and during lunch together, Agnese wondered: "Ming, you are now financially strong enough to be interested in collecting some real art?" ”

Not interested, the water was too deep, and Li Jiaming, who was cutting the steak, said nonsense: "No, instead of admiring an expensive work of art, I'd rather do charity." I donated a sum of money last year to help the elderly in my hometown with vitchalastic surgery, and I think that is very meaningful. ”

As soon as he finished saying this, Li Jiaming felt that he was much nobler, and decided to repair the tunnel in Huashan when he returned to his hometown for the New Year this year.

"Agnese, can you donate some money?"

As soon as they heard that it was this kind of charity, the two immediately shook their heads: "No, that's the government's business, if you are helping the elderly and children, we can help you raise donations." ”

Hehe, this is the cultural difference, but this is also two old men and old ladies with good intentions, Li Jiaming smiled and raised his glass.