The first half of the big chapter will be published first, and the full text will be published tomorrow. Pen | fun | pavilion www. ｂｉｑｕｇｅ。 info has opened the starting point of this chapter or Q_Q mobile client, when the time comes, you can press and hold the name of this chapter on the directory interface, and download it again.

……

……

Of course, the fact that such a well-known public enterprise such as Zheru Software Company made such a big move was of course quickly known to the world, and all stakeholders immediately rejoiced.

Depending on the situation, the blowing of stock repurchase is inevitably a bit empty; But the decision to spend an additional $500 million on StudiOS_XP marketing was a real benefit.

You must know that since Microsoft's Windows_98 was abused by the Chernobyl computer virus, the only general operating system for consumer-grade personal computers on the market is the StudiOS_XP of Zheru Software Company; And Microsoft can only hope that the Windows_NT, which was originally oriented to server workstations, can come up with a home version at the end of the year to fill the position.

In other words, the global annual shipment of personal computers has reached 100 million units, and in the process of changing its role from a productivity tool to a digital center, Zheru Software has a unique market, especially StudiOS_XP is so good that both partners and consumers are very satisfied.

Based on this, there is no doubt that a huge profit is involved in business opportunities and is in front of the entire industry.

Now, Zheru Software Company has added an additional $500 million to the StudiOS_XP market promotion, which is simply a further insurance for this gluttonous feast, which is absolutely delicious and full!

In Tiger Fund's office, Julian Robertson listened to Andris Harverson, Lee Ensley, Stephen Mandel, David Goel, and others discuss the impact of Philosopher's big move to use cash reserves to short its stock.

For example, as a standard value investor, Lee Ensley analyzed according to his own line of thinking: "Zheru Software added $500 million to the StudiOS_XP market, in essence, by further highlighting the huge business opportunities brought by StudiOS_XP to the entire IT industry, and to strengthen the pressure on the industry's petition activities, so as to achieve the purpose of temporarily shelving the trial of the United States of America v. Zheru Software Monopoly." ”

"However, even if the plan of Zheru Software Company succeeds, the Department of Justice will only make a temporary compromise, and it certainly does not want the monopoly case of the United States of America v. Zheru Software Company to be entangled with the upcoming 2,000-year-old US presidential election, and will resolutely let the monopoly judgment be finalized in the second half of this year and break up the current Zheru Software Company."

"Therefore, from a longer-term perspective, the foundation for shorting Zheru Software is not only there, but also very solid."

Julian Robertson nodded and concluded: "Compared to the .COM companies that hype up the concept, Zheru Software is undoubtedly a good company, but the problem is that it has been so successful that the Justice Department is determined to break the monopoly it controls." ”

"It is because of this that I have full confidence in shorting Zheru Software."

At this point, Julian Robertson said: "I know that .COM companies, which we have always been unoptimistic about, can soar in the stock market, and it is becoming more and more incomprehensible, and even beginning to doubt the value investing analysis method we have used for a long time......"

"That's what it was." Someone immediately complained: "After analyzing for a long time, it is better than those laymen, simply according to the principle of 'traffic is king', and directly pick stocks based on feelings." ”

"Take Amazon, the online shopping company that has just gone public, for example, obviously in four to five years, it will not be able to achieve even a slightly larger profit, but the IPO is still extremely hot, and the shares with an issue price of $22.5 per share have been snatched up, why?"

Listening to the frustration in the voices of the crowd, Julian Robertson has understood that he will continue to hold power and do things as before, and suppressing the thoughts of some subordinates will inevitably lead to detachment.

Alas, who made the strength of the Tiger Fund shrink significantly, and it is impossible to cover up all the ugliness!

Thinking of this, Julian Robertson smiled and said in a relaxed tone: "I am going to set up a few more independent funds outside the Tiger Fund system to let people with more ideas play their role." For example, isn't there someone who wants to buy Intel stock? Then you can show your strengths according to your own ideas. ”

The conference room, which can be called full of talents, but somewhat dull, was suddenly stimulated by Julian Robertson's decision.

……

At 200 West Street in Manhattan, New York, the Goldman Sachs Building diagonally opposite One World Trade Center, an extremely distinguished guest was welcomed, that is, Tang Huan, the richest man in the world.

The following is the anti-D part.,Update it tomorrow.,Just ignore it.。

……

Since 1979, when everyone was still in the final stage, Gates and Tang Huan have been dealing with each other for 20 years. He has an experience, that is, as long as the other party takes the initiative to send something, it must be full of deep meaning.

After thinking about it for a while, Gates cautiously and slowly spoke: "Microsoft's current life can only be said to be passable. If you spend billions of dollars to buy Sebes, you will feel like an extra burden. ”

Tang Huan raised his eyebrows and said straight to the core: "At this stage, the completeness of Microsoft's product line is second only to Zheru Software, and even stronger than IBM, only the enterprise database field cannot open the situation. ”

"At present, the pace of development of the industry is very fast, and even Oracle, which only does databases in terms of software, has added front-end rapid application development tools in addition to the simple database management system, and aims at ERP directly facing end users."

"Everyone is rapidly integrating resources in depth, and Microsoft is still unhurriedly improving its products and catching up with its peers, and I am afraid it will fall behind more and more."

"The reason why Renke is interested in Saibes is because database vendors covet the ERP industry across borders, so this time I want to ensure that the pattern of the Unix platform will not be controlled by others."

"If Microsoft acquires Saibesi, it will definitely be able to quickly make up for the shortcomings of enterprise-level databases and maintain stable cooperation with Renke by virtue of the same root of MS_SQL_Server products as Saibes. But if this opportunity is missed, what use will Microsoft's not yet powerful MS_SQL_Server be to Renke? ”

After Gates listened with an impassive expression, he glanced at Steve Ballmer, who understood the other party, and then put on his own impatience and asked bluntly: "Don, I have to admit that what you said is very reasonable. However, what reason and position do you have for Microsoft to take the lead in Renke and acquire Saibes? After all, when it comes to relationships, Nishina is your descendant! ”

"You're right, too! Yes, what reason do I have, what position? The richest man laughed, stood up, paced a few steps, and then condescendingly looked Steve Ballmer in the eye and said leisurely, "Okay, Steve, then I'll give you the answer!" ”

"In the case of the United States of America v. Zheru Software, Inc., didn't the Department of Justice think that Zheru Software was so powerful that market regulation was ineffective?"

"Well, if Microsoft acquires Sebes, does it mean that market regulation is still working, and there is still enough competition in the entire industry?"

Steve Ballmer avoided Tang Huan's sharp gaze and muttered to himself, "Isn't this called a monopoly?" ”

Gates scratched his head, tormented by how to choose.

Steve Ballmer got to the bottom of it, and the richest man told his true intentions.

But so what?

This is Tang Huan's Yang Mou on the table! Do you take it, or don't you take it?

If Microsoft timidly refuses, it will be more and more marginalized in the highly competitive enterprise database market, as the richest man just analyzed.

If Microsoft follows the path pointed out by Tang Huan, I believe it will be the right decision, but what is this about? Who is the chairman of the board of directors of Microsoft? Who's the CEO of Microsoft?

Looking at Gates with a struggling look on his face, Mr. The richest man said earnestly: "Bill, our friendship has been almost twenty years!" ”

"Think about it, as long as others don't come to harm me, when have I ever taken the initiative to do something that is not good for others?"

"In the United States of America v. Zheru Software Inc. monopoly case, Microsoft has always adhered to an objective and neutral position when testifying in court, and I am very grateful for this."

"In fact, if you think about it, you will find that Microsoft's acquisition of Sebeth is the best of all three worlds."

"First of all, Sebeth was rescued from a business crisis. Those of us who have worked hard in the IT industry for more than 20 years can be regarded as fulfilling our responsibilities to the entire industry. ”

"Then, Microsoft found the quickest and most efficient way to fill the gaps in enterprise databases."

"Finally, Microsoft's development and growth proves that the entire industry has not been overshadowed by Zheru Software and has lost its competitive vitality."

"How rare it is to make such a win-win thing for all parties! Bill, do you have a reason to say no? ”

Gates, who was stimulated by Tang Huan's "affectionate style", couldn't help but complain in his heart: "Microsoft's acquisition of Sebeth is indeed a multi-pronged victory." But the problem is that you are too domineering, and under the gentle appearance, you don't give people the possibility of refusal at all! ”

As a result, he heard the richest man say step by step: "I may be a bit domineering, but for collaborators, it has always been a win-win situation." ”

"Zheru software first, Microsoft second, this stable industry pattern, what's wrong?"

Gates, who was distracted, smiled bitterly and said, "Don, your suggestion is indeed difficult for me to refuse." It's just that Microsoft can't compare to the wealth of Zheru Software, and if you want to acquire Sebesi, I'm afraid it will feel a little difficult. ”

Tang Huan immediately said in a hurry: "Why don't I help you contact Bank of America and see if it can provide a part of the loan to Microsoft?" ”

"Thank you......" Gates waved his hand in fear, "I think I should be able to solve the problem of funding." ”

"Then act quickly, lest it be too late for change. You know, Nishina still has a bit of a longing for Sebeth! The richest man nodded, then did not linger any longer, and took his leave cleanly.

When Gates sent Tang Huan to the door, he assured understandingly: "I will strictly guard the secret of today's conversation, just if you haven't come!" ”

"There's no big deal to be careful." Mr. the richest man, who smiled faintly, nodded, and then said lightly, "I came to Microsoft headquarters this time, and I want to ask for one more thing, that is, please help introduce the relevant departments of Huasheng Dunzhou to see if you can reach an understanding with Zheru Software Company on the monopoly case." ”

Looking at Tang Huan's figure in the car, Steve Ballmer wiped his head and said with emotion: "Don's style of acting has always been so thorough!" ”

Gates didn't answer the question, but pondered.

Steve Ballmer asked tentatively, "Are you really going to accept Don's Microsoft proposal to buy Sebeth?" ”

Gates sighed and asked, "Do you think we have any other choice?" ”

Steve Ballmer was speechless for a long time.

……

After the car drove a certain distance, Mr. The richest man casually ordered, "Remember to inform Cheng Shouzong, and let Renke cooperate with Microsoft to make the acquisition of Saibeisi more exciting." ”

The assistant said yes in understanding, and then said: "Jeff Bezos, CEO of Amazon, has been waiting for you for a long time. ”

"He's still in a hurry." Tang Huan smiled slightly, "Then when you go back, let's see you directly." ”

……

With a non-rigorous, but very vivid comparison, the two most representative online shopping operators in the United States at this stage, E-Harbor and Amazon, are similar to a certain treasure and a certain east that are well known to people in time and space: the former provides an "individual-to-person" auction platform, while the latter moves the traditional retail model to the Internet and builds a "retailer-to-consumer" trading platform.

These two models have their own advantages, don't look at the current distinct, but the trend is definitely interpenetrating and merging.

The reason why Mr. the richest man came to visit Amazon this time is mainly because the other party, whose business started in an online bookstore, contributed considerable sales to Mr. The richest man's books and the movie DVDs of the Hollywood company under Yanle Entertainment Group contributed considerable sales.

For example, the DVD of the movie "Titanic" is expected to sell one million copies.

For another example, the movie "The Matrix" will be released this Christmas. As a prologue, Tang Huan's "The Matrix" novel also ushered in a new peak of online purchases.

Therefore, Tang Huan's visit this time, to a large extent, was to support Amazon.

To put it bluntly, after Yahoo was packaged and successfully listed, it is time for Amazon, which has also accumulated a lot of money, to be ready to be praised to the altar.

……