Chapter 167: Cisco Changes
After hanging up Zhou Peiwan's phone, Liu Xun didn't care about anything else, hurriedly said hello to the family, and then drove to Jinjiang in a hurry, a few days ago, Zheng Qiang as Liu Xun's full-time driver was the first to go back to his hometown, this time naturally needs Liu Xun to drive by himself, on the highway, Liu Xun is slightly anxious, large displacement jeep, all the way to the speed is maintained above 150, for Liu Xun who likes to drive safely, this is a very rare thing, It can be seen that he is indeed a little restless.
Moreover, after driving to Jinjiang, Liu Xun did not go to the riverside community, but drove directly to the airport.
When Liu Xun arrived at the airport, Zhou Peiwan and Xue Juewu were already waiting for him outside, and the figures of Xiao San and Twelve could be vaguely seen hanging around not far away, Liu Xun hurried over after seeing the two, "Auntie, Sister Wu, what's going on?" Didn't Cisco say that there would be formal contact after a good year? How could something suddenly happen? ”
"As we walked, we were about to board the plane, and I had to explain the specific situation to you, I don't know very well, but the situation may not be as bad as we thought." Zhou Peiwan said and pulled Liu Xun's sleeve, pulled it and walked to the boarding gate.
"I don't really know the specific situation, but in the afternoon, Mr. Morgerich suddenly called, saying that things have changed on the Cisco side, and there seems to be other problems with the part of the shares sold by Rena and his wife, and if Xiaowan is still interested, Mr. Chambers hopes that you can rush to the United States urgently to discuss."
Xue Xuewu said as she walked, but her reaction to Liu Xun after hearing this incident was a little strange, in her opinion, the current Cisco is just a little-known small company, it should not be so famous, even if it is famous, it is not worth spending so much thought, let alone let this mainland business genius be so anxious. As for her own stay at Cisco, it was purely for the sake of face for Morgeridge and Chambers, and she was leaving soon to return to work at Scooper.
Listening to Xue Juewu's narration, Liu Xun also knew that there was indeed an accident on Cisco's side, and it was related to the change in their acquisition of the part of the equity in the hands of Lena and his wife.
In fact, when Xue Juewu asked the two of them for their opinions on the equity of the docking, he had already expressed his attitude to Xue Juewu, and was willing to accept the twenty-four percent of the shares that were about to be sold in the hands of Lena and his wife, but this was only an intention, involving nearly 200 million US dollars, and his side also needed to make sufficient investigations.
In short, he and Zhou Peiwan only expressed their intentions, but the two sides have not yet started formal and specific negotiations, and are currently only in contact through Xue Juewu, further negotiations, the original preparations are to be carried out after the year, Liu Xun is also ready to go to the United States to meet with Chambers at that time, and he is also quite curious about this person.
However, the current situation is that although Liu Xun and his wife are interested in buying this part of the shares, now, Lena and his wife are interested in selling the shares in their hands to other people.
According to Xue Juewu's introduction, Liu Xun and Zhou Peiwan learned about the specific situation of Cisco.
It turns out that Cisco's equity relationship is very simple, but it is also slightly different.
In 1987, Valentine's Sequoia Capital injected $1.5 million into Cisco, which was in dire need of capital and looking for venture capital, and acquired a 29.1% stake in Cisco, while Rena and his wife, as the founders, each owned 17.6% of Cisco's shares, for a total of 35.2%.
But in 1988, the conflict between the founders, Mr. and Mrs. Lerna, and the professional manager, Cisco's first CEO, Graves, reached a point where they were incompatible, when in exchange for Valentine's agreement to fire Graves, Mr. and Mrs. Lena gave Valentine the voting rights to their combined 35.2 percent stake.
That is to say, in fact, although Valentine only owns 29.1 shares of Cisco, he has 64.3% of the voting rights of the shares, and in the same year Valentine became the chairman of Cisco, and it was also in the same year that Valentine hired Morgridge as the CEO of Cisco.
The current situation is that Lerna and his wife intend to sell two-thirds of their Cisco shares, and in order to prevent conflicts between major shareholders and conflicts between shareholders and professional managers in the future, Valentine and Mogridge want to find a suitable receiver for the 24% shares.
Of course, for the Lena couple, they only need this part of the stock to be sold at the price they want, as for who takes over, it has no impact on them, but for Valentine and Mogrid, they must carefully consider the person who takes over the shares, and make sure that it is beneficial to Cisco's future development.
Therefore, Valentine and Morgeridge have been actively coming forward before, responsible for finding a next home for that part of the stock, and the Lena couple basically did not participate, they just set a price for this part of the stock, and Valentine can sell this part of the stock at a suitable price.
But today, Mr. and Mrs. Lena suddenly told Mogridge that they have been in contact with some people recently, and it seems that there are other investors in Silicon Valley who are interested in their shares.
After knowing the news, Xue Juewu immediately informed Zhou Peiwan, and King Zhou Wen immediately hung up the phone to Liu Xun, but she didn't expect that Liu Xun's reaction after hearing the news was so big, Liu Xun immediately decided to go to the United States immediately.
Zhou Peiwan also knew how determined Liu Xun was to Cisco this time, although she knew before that Liu Xun might be determined to get Cisco's shares, but at this moment, listening to Liu Xun's serious tone on the phone, Zhou Peiwan decided to order a ticket from Beijing to New York immediately, Xue Juewu also made an emergency contact, and the three of them set off for the United States on the same day.
"Why are you so interested in Cisco, little brat? I don't think it's worth it for the sake of Cisco's shares, alas, the Chinese New Year doesn't let people stay at home well, but I want to call my aunt and grandmother to run to a foreign country, you say, are you intentional? ”
Xue Juewu has often been with Zhou Peiwan these days, and she also knows that Liu Xun seems to be very talented in business, and knows that the recent domestic boiling American land certificate and Country Garden are the handiwork of this young man, so there is no doubt about Liu Xun's participation in decision-making, there is never a shortage of young rich people in Silicon Valley, and she herself is also a genius figure, so it is not strange that one or two geniuses occasionally jump out in China, but obviously, she doesn't know very well what Liu Xun has done. If she fully understood, it is estimated that she would be surprised to stuff an egg in the innermost part......
"Sister Wu, let me put it this way, I am determined to get the shares in the hands of Lena and his wife, and, if possible, I hope to take all the shares in the hands of them and his wife, of course, if Mr. Valentine intends to sell his shares, I am also happy to take over."
"Little brat, I don't see it, your ambition is so big, but Cisco's market value is more than 600 million US dollars and close to 700 million, but it's not 700 million yuan, if you want to take over Cisco, do you have the financial resources? Besides, are you really convinced that Cisco has a promising future? I wasn't going to stay there any longer. ”
"I'm very optimistic about the future of Cisco, and even more optimistic about the capabilities of Chambers and Morgerich."
Liu Xun said in his mouth, but he was secretly sighing in his heart, Lena and his wife did it, what is this called, they have expressed their intentions here, why do you want to find someone else to do if you have nothing to do, and the first Spring Festival after your rebirth, now it seems that you are going to spend it in a foreign country.
However, Cisco's matter is really the most important thing, if Cisco's shares fall into the hands of others, then Liu Xun has the intention of hitting the wall and dying, think about the huge market value of more than 500 billion US dollars, if he sees that there is an opportunity to fall into his own hands and finally transfer it into someone else's pocket, Liu Xun will definitely die of depression.
However, thinking of Cisco's share change this time, Liu Xun was cranky again.
Sequoia Capital's investment in Cisco was generally evaluated by the outside world as the most successful investment in Valentine's life, and the nearly 30% stake would eventually grow into a stunned astronomical figure, and Valentine also became famous in one fell swoop.
But Liu Xun was thinking that as a party, the thing that Valentine regretted most in his life may be that when Lena and his wife sold their shares, he didn't choose next, in fact, as he has the voting rights of this part of the stock, if he intends to take over this part of the stock at that time, there is absolutely no one else who can compete with Valentine, he is definitely the first choice. And if it takes over this 24 percent of the shares, then Sequoia Capital's stake in Cisco will exceed 50 percent, and by '99, it will be close to $300 billion in market capitalization.
The opening price of 24% of the shares of the Lerna couple is 180 million US dollars, which is equivalent to a premium of 12 million US dollars on the basis of the market value of Cisco, which is not high.