……

The spin-off and listing of Zheru Software Company was too successful!

This makes AT&T, which is in a similar situation, more and more impatient to break up Lucent. Pen? Interesting? Pavilion wWw. ｂiquge。 ｉｎfo

It can be said that the successful listing of Zheru Software Company is an authoritative sign that technology stocks have begun to become popular.

In the eyes of Mr. the richest man, the era of the Internet bubble has really come.

This is not that Tang Huan relied on empiricism and made judgments, but it was also evidenced by ironclad facts.

Wall Street dedicates August to tech stocks, creating a so-called golden month for tech IPOs — for example, in addition to the giants of Zheru Software, there is Netscape, which is a strong challenge in the browser space.

If the hard in the history of the company is more true, Netscape and Zheru software. It can be said that it is about the same - the former has been established for more than a year, and the latter has been spun off for less than two years.

But of course, this is not the case, Zheru Software is just flying solo, and it has been working hard in the software industry for 17 years.

Netscape, on the other hand, is an undoubtedly shallow raw melon egg, and the product line hangs itself on the browser tree.

But Wall Street once again showed its madness of turning its hands into clouds and raining - the price of Netscape's initial public offering was originally set at $14 per share, but it was doubled to $28 per share before the issuance due to a temporary decision; When the market closed on the first day, its stock price soared to $75 per share.

Zheru Software can't be too glamorous - think about how much of the scenery in the original time and space that originally belonged to a series of bitter masters, including Microsoft, Lotus, Oracle, and Borland?

On the other hand, look at the high-standard treatment you get from Netscape - why?

In this regard, in addition to feeling that the world is really wonderful, Tang Huan also doesn't care about his mentality - bubbles are bubbles! At least, in the past few years, under the banner of .com, financing has become more convenient.

……

Jim Clark, who had quit from the Silicon Valley graphics company he founded, made a comeback by investing in Netscape - what a business genius!

Mark Anderson, a country boy, through his unremitting struggle, has become an "Internet prodigy" who has launched a strong challenge to the industry giant Zheru Software Company, and now it has only taken more than a year to become a billionaire - such a brilliant entrepreneurial success directly compares Tang Huan, Steve Jobs and other iconic figures more than ten years ago!

……

The turbulent month of August was full of such arguments, which invisibly described the Internet as a mountain of gold for take-and-take.

You can fool around as a popular idol to create a salted fish or a civilian hero, anyway, I know it myself - Don IT, who successfully pushed Zheru Software to the NASDAQ, ignored all these demagogic oddities, and still acted at your own pace.

After entering September, Tang Huan first adjusted the management of Zheru Software Company in place.

For example, the former president, Brad Swarberg, officially assumed the position of CEO, and he successfully completed the task of spin-off and listing, and he can retire into the background.

Both the internal and external public opinion of the company are not surprised by this change, and Guy has already blown the wind in advance.

Of course, Tang Huan does not need to worry about Brad Swalberg's performance in the day-to-day management of the company, what he is really afraid of is the looming sword of antitrust.

In the process of separate communication between the two, Mr. the richest man reminded: "While Zheru Software is incomparably brilliant, it is also the target of public criticism. In the age of the Internet, where everyone wants to sing, it is difficult to grasp the severity of the force used to suppress the opponent, and on the other hand, public relations has taken on a new form - always remembering to keep a low profile is a must-do homework. ”

Brad Swalberg is optimistic, "After the company went public, the public relations network has been more directly expanded, and the threat of antitrust should be significantly lower than in previous years." ”

Tang Huan shook his head, "Crying children have milk to eat - if some competitors join forces to complain and catch up with the special situation, then we may not be able to continue to effectively control the situation." ”

Seeing that the boss repeatedly emphasized this problem, Brad Swalberg said in a deep voice: "Now that Zheru Software Company is so sought after, everyone from top to bottom is inevitably a little proud; If you want to keep a low profile collectively, you really have to work hard. ”

Mr. The richest man gave an example, "When AT&T was chased by MCI to sue for antitrust, one of the strong pieces of evidence in court was that there were tapes of meetings that really talked about how to crowd out competitors -- it was still necessary to remind everyone not to get carried away in their ideological work." ”

Brad Swalberg thought for a moment, then replied, "I think I understand what to do in terms of company culture." ”

The advantage of leading troops by oneself is like this, which can only be understood but not spoken. Tang Huan stopped nagging - if there is really a man-made counter-successful in the industry, then it is better to use 100 million yuan and smash it with dollars, anyway, the recent listing not long ago has brought in billions of dollars in cash; If the sword of Damocles of anti-monopoly is crumbling, I believe that many people will be very concerned about issuing warnings in advance.

……

After temporarily taking a break from the dizzying competition in the IT circle, Mr. The richest man first discussed the construction of the California high-speed rail extension with Jerry Brown, chairman of the board of directors of the California High-Speed Rail Authority.

Flights are undoubtedly the fastest of the traditional modes of travel between San Francisco and Los Angeles, about an hour and a half, while National Railroad passenger trains take at least nine hours; The efficiency of a car is somewhere in between – and when you factor in the time it takes to get to the airport and the congestion on the roads, the journey is obviously not as smooth as ideally.

In contrast, after all difficulties, mainly human constraints, the construction of California high-speed rail has shown unparalleled advantages and has a very obvious and profound impact on people's daily life.

Currently, California high-speed rail runs between San Francisco and Los Angeles in about four hours, slower than an airplane, faster than a car, and in the foreseeable future, it can be shortened to less than two and a half hours after speeding up.

It's not hard to imagine how San Francisco and Los Angeles, as well as cities along the route, are changing in various areas, including the economy.

Driven by the inertia of unanimously seeing the good and applauding loudly, the extension of the California high-speed rail from San Francisco, through the Central ~ Central Valley, to Sacramento, the capital of California, has been called for construction for several years.

The richest man is clearly more interested in the northern extension from San Francisco to Sacramento than the extension from Los Angeles south to San Diego, a border city between the United States and Mexico.

Now, the preparations for the relevant construction are basically ready.

In terms of funding alone, even after taking into account inflation and other factors, the northern extension is still far below the original $30 billion of California high-speed rail.

California high-speed rail has made a profit, coupled with the good economic situation in the United States, and the rake of the richest man has not stopped, the construction of the northern extension line is really not a matter - at least, those investors who were co-opted at the beginning took the initiative to post it.

Under this kind of smooth progress in which everything is in order, Tang Huan is concerned about other aspects.

He praised the quasi-militarized management of the daily operation of California high-speed rail, and then began to say: "The bombing of the World Trade Center in New York in February last year, the sarin gas attack on the Tokyo subway launched by the Aum Truth ~ Cult in March this year, and the Oklahoma City bombing in April all remind us that public service facilities such as California high-speed rail must be vigilant against man-made disasters in addition to natural disasters such as earthquakes." ”

Jerry Brown agrees, "Security management doesn't just depend on real money invested in hardware. ”

At this point, he pointed to his head and emphasized: "The key is also the awareness of the staff. Otherwise, all the response is a cosmetic – the militarized management of California's high-speed rail has now become a unique spectacle after all the controversy. In addition to being pleasing to the eye, passengers also feel very safe. ”

After reaching a further consensus on this issue, Tang Huan turned to the energy side, "California's power industry has been won over by a powerful lobby represented by Enron in Texas, and it is about to be reformed -- the advantages and disadvantages of this are difficult to say." But there should be no mistake about one thing: California's electricity supply may fluctuate under certain circumstances, driven by commercial interests. ”

"Are you worried that the cost of California high-speed rail, or even normal operation, will be taken care of?" Jerry Brown frowned.

The former governor of California, for the vision and insight of the richest man, can be said to be very cooperative, so he naturally listened to this analysis in his heart.

He thought about it and said slowly: "Then we need to introduce more balancing technology in the power supply link." ”

Mr. The richest man made a statement, "My investment is entering the power industry in California, which should be able to provide supplementary energy security for Cupertino in Silicon Valley and the California high-speed rail section in the San Francisco Bay Area." ”

Jerry Brown nodded, "Okay, I'll take care of that too." ”

……

Next, Tang Huan will once again start his trip to Asia this year.

However, before leaving, he happily attended an economic seminar of the Shennong Foundation and listened to the expert's speech and debate.

Among the many roles of the Shennong Foundation for the richest man, think tanks are becoming more and more important.

Let's take the social experiment conducted by Tang Huan in Funan as an example, around the great idea, how to do it, it is absolutely indispensable for experts to give advice.

In fact, the reason why Mr. the richest man took time out to attend this event was mainly for one person.

That man is Paul Krugman, an American economist and columnist for the New York Times. Originally, he won the Nobel Prize in Economics in 2008.

Of course, Paul Krugman is now recognized for his academic skills, receiving important professional awards, such as the John Bates Clark Award in 1991.

What is the weight of this award?

Named after the American neoclassical economist John Bates Clark, the award was established in 1947, the centenary of his birth, and is awarded every two years by the American Economic Association.

The American Economic Association, founded in 1885, is considered one of the most important organizations in the field of economics, with all members of American economists.

As a result, the John Bates Clark Prize, which has a deep relationship with the American Economic Association, is commonly known as the "Little Nobel Prize in Economics".

Perhaps, it would be more vivid to list the numbers - the John Bates Clark Prize, which was awarded only to American economists, has been awarded to 25 winners from 1947 to this year; The Nobel Prize in Economics, which has been awarded for the first time since 1969, has been awarded to the John Bates Clark Prize winner seven out of 22 times, accounting for nearly one-third.

This shows what kind of academic status Paul Krugman has now.

Just last year, this old man published an article in the magazine "Foreign Affairs" in which he attacked the "Asian economic miracle".

He believes that the economic growth of East Asia is the result of a long period of increased capital investment. The growth in total factor productivity is actually minimal.

To put it bluntly, in some countries with the gimmicks of the so-called "Asian Tigers" and "Asian Tiger Five", the economic prosperity is based on exports and real estate bubbles brought about by hot money, rather than the growth of "total factor productivity".

You must know that Foreign Affairs magazine is sponsored by the Council on Foreign Relations, a well-known US think tank, and is one of the most authoritative and influential academic journals in the field of international affairs and foreign policy research in the United States.

Paul Krugman's firing of this was naturally a great response.

However, this kind of "prosperous alarm" is basically difficult to get recognized.

At the end of the day, Paul Krugman doesn't have the "Godhead" yet.

But there is one exception, the richest man listened to it, so he joined in the fun.

Paul Krugman is no stranger to Tang Huan, but at the scene, he was still amused by the other party's straightforward remarks, which led to a tense debate with other experts.

In such a short period of time, the level of communication is limited.

Therefore, Tang Huan invited Paul Krugman to go to Asia with him - and the other party readily agreed.

In this way, they sat on Silicon Valley No. 1 and went directly to Xiangjiang.

Unexpectedly, the atmosphere here is now delicate, and some people do not welcome Mr. the richest man - what are you doing in Xiangjiang?