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Negotiations should be initiated when the situation begins to take a turn for the worse, not when it has become worse or at its worst. Pen & Fun & Pavilion www.biquge.info

As the situation gradually deteriorates, the negotiators will gradually lose the confidence to resist, and the third party will not dare to act rashly because they cannot see through the changes in the situation.

Zhang Ke doesn't mind paying an extra premium of $100 million to $200 million to acquire Hyundai's TFT-LCD (thin film liquid crystal) business assets, and he is more worried that HG electronics companies such as Samsung or LG will come forward and become an obstacle to the acquisition.

Zhang Ke stared at the quiet night outside the window, many things will not be as simple as expected, he waited for Chen Xinsheng to send the acquisition plan to his mailbox, heard the computer send out the acquisition email prompt, sat in the computer, and carefully read the acquisition plan.

The Asian financial crisis has affected the HG economy, and the number of super-large groups supported by the domestic government has even exceeded one-third of the total number of bankruptcies and closures in the financial crisis. Hyundai Group, LG Group, and even Samsung Group were on the verge of bankruptcy in the financial turmoil in '97 or '98. In response to the financial crisis, the HG government restructured the business and assets of large group companies, and LG Semiconductor merged with Hyundai's semiconductor business unit to form Hyundai Semiconductor, which was one of the most important aspects of HG's economic restructuring plan at the time, which was also a manifestation of the will of creditors.

After the reorganization, Hyundai Semiconductor was led by Hyundai Group and became the world's second largest chip manufacturer; But this kind of heavy combination under external pressure is not a happy marriage. Although Hyundai Semiconductor is under the leadership of Hyundai Group, in fact, LG Semiconductor has always opposed Hyundai Group's management control of its semiconductor division, which made Hyundai Semiconductor contradictory at the beginning of its establishment and has not been able to get rid of the negative impact of the financial crisis.

In 98 and 99, the wave of new technology was surging, the global market demand for chips was steadily rebounding, and modern semiconductors still suffered huge losses. The patience of creditors and shareholders becomes limited, and they are willing to divest Hyundai Semiconductor from Hyundai Group to prevent Hyundai Semiconductor from bringing down the entire Hyundai Group.

Now that the new technology bubble has burst, the crisis in the securities market will sooner or later affect the real industry, and if the problem of modern semiconductors is not solved cleanly, the situation will become more and more serious.

The purpose of spinning off Hyundai Semiconductor, the world's second largest chip manufacturer, from Hyundai Semiconductor is still to sell it at a good price, and in order to better find acquisition partners, it is necessary to divest some non-core businesses from Hyundai Semiconductor before spun off Hyundai Semiconductor.

In February 2000, the TFT-LCD business was first spun off from Hyundai Semiconductor as a non-core business, and the leading HYDIS-LCD company was established. Hydis-LCD is now under the supervision of a creditor committee consisting mainly of HG state-owned banks and is not too closely related to Hyundai Group.

Thin film liquid crystal TFT-LCD technology mainly originated from Japan, and the HG government vigorously supported the LCD industry in the mid-nineties, and invested in the construction of a large number of third-generation and fourth-generation lines. Even now, thin-film liquid crystal TFT-LCD has only been used in notebook computers; Throughout the nineties, global sales of laptops were rather limited. The market demand for TFT liquid crystal is not strong, but it is a double-intensive industry with technology and capital demand, and the manufacturers who invested in TFT-LCD in the early stage have continued to lose money, just like Samsung, although it is currently the world's largest TFT-LCD thin film LCD manufacturer, it has been losing money for seven consecutive years before turning losses into a slight profit last year.

Even after seven consecutive years of losses, even in the most serious season of the financial crisis, Samsung has not given up the TFT-LCD business of thin film LCD, and is firmly optimistic about the future market prospects of TFT LCD.

The Asian financial crisis and the sharp depreciation of the Korean won exchange rate have made the export of electronic components of the won more favorable, and at the same time it has developed into the world's largest notebook assembly base -- these factors have made HG's thin film liquid crystal TFT-LCD industry recover ahead of schedule and rise by taking advantage of the situation, and the global market share has increased from 8% before the outbreak of the financial crisis in '97 to 34% at the end of last year.

Although the HG thin film liquid crystal TFT-LCD industry has achieved industry-wide profitability in 99 years, and the market prospects are becoming more and more clear, Samsung and other HG electronics companies have strengthened their determination to invest in the thin film liquid crystal TFT-LCD business, but the creditors behind the HYDIS-LCD company do not have the will to operate for a long time. What's more, if HYDIS-LCD wants to operate for a long time, it will immediately consider raising a huge amount of money to launch a new generation of thin film LCD production line, otherwise it will face the elimination of technology and production. Rather than risking a fortune, it's better to sell it for a good price as soon as possible......

As early as 97 years, Zhang Ke determined the direction for Kumho to develop the TFT-LCD industry, and asked the relevant production and technical departments to make active preparations for this.

In ninety-seven years, there have been four or five domestic enterprises with STN-LCD LCD screen production capacity and relatively complete technology, Kumho still introduced complete STN LCD technology and equipment from abroad as its key industry development, and established a first-class crystal screen electronics company under the Aida Group to be responsible for the development of LCD panel business.

As early as the Asian financial crisis, Oak Park began to strengthen its R&D department in this area by absorbing retrenched engineers from the Hyundai semiconductor division, which was in crisis at that time.

The Asian financial crisis has made the rise of the HG THIN FILM LCD TFT-LCD industry, but Japanese LCD panel manufacturers are at a disadvantage due to cost competition, and the global market share has plummeted from 90% to 50% before the outbreak of the financial crisis in 97. During this period, the actual capacity growth of the global market was quite limited, and in this context, Japanese LCD panel manufacturers and engineers and technicians in the Japanese LCD industry had a hard time - which also made it convenient for Kumho to directly absorb middle and senior technical personnel from Japan, the birthplace of TFT-LCD thin film liquid crystal technology.

Kumho's experimental center in Tsukuba, Japan, and Oak Park's seventh laboratory have become Kumho's two main bases for the development of LCD panel technology, with more than 400 employees, more than half of whom are middle and senior researchers.

In the middle of '99, nearly 300 million R&D funds were invested, and the Oak Park Pilot Laboratory was already able to come up with TFT-LCD thin film LCD panel products comparable to the third-generation line; At present, we are tracking the technology development of fourth-generation products from companies such as Sharp, Panasonic, and SEL.

Due to the use of a large number of Japanese and Korean R&D personnel, it is inevitable to learn from the successful development experience of the original Japanese and Korean LCD panel manufacturers; Otherwise, it would not have been possible to successfully develop the third-generation thin film liquid crystal products so quickly and at such a low cost.

Hydis-LCD has only two third-generation production lines, while Samsung and Japanese companies have begun to build fourth- and fifth-generation production lines; Kumho's goal is also to directly build a fourth-generation line to shorten the distance between it and Japanese and Korean electronics companies. The manufacturing department and even the technical department of Hyundai Semiconductor's HYDIS-LCD company are not the object of Kumho's covetousness, and Kumho's attempt to acquire HYDIS-LCD is mainly to buy an admission ticket - to acquire the ownership and use of the complete TFT-LCD thin film technology patent under HYDIS-LCD, so as to solve the hidden dangers that may exist in the future technology patents.

Without this ticket, Kumho could theoretically produce and sell TFT LCD screens in China, but Kumho's goal is to participate in global competition, and it can't always put a label on its forehead as a "copycat enterprise" - this admission ticket must be obtained.

Hydis-LCD isn't Kumho's only acquisition target, and IBM is also interested in selling its non-core businesses, including the TFT LCD business unit, which is now available to 18 companies around the world.

Zhang Ke finished reading the acquisition plan sent by Chen Xinsheng, and the night was already dark.

The campus also fell silent, the mobile phone screen flickered, and then it lit up, Zhang Ke picked up the mobile phone and saw that it was Li Xinyu's phone.

"Why, haven't you slept yet?" Zhang Ke asked.

"Lying on the bed, I haven't fallen asleep," Li Xinyu's voice was delicate, sounding like she was sticking her phone between her ear and the pillow, slightly hoarse, "What's the situation?" ”

After the provincial public security department made a decision to criminally detain and took the nine HG people away, the students gathered around the student dormitory dispersed one after another. The student from the Urban Construction Institute was diagnosed with a skull fracture and a brain contusion, and has been in a coma and has never woken up. The other students who were injured in the dormitory were fine, except for one with a broken arm.

Zhang Ke also learned about the specific situation just after receiving a call from Shi Xuebin, and repeated it to Li Xinyu on the phone.

"That's right," Li Xinyu was silent on the other end of the phone for a while, and then said, "Can the school provide him with the best medical care?" Do you want me to help you do something? I didn't expect them to be so irrational. ”

"Will ensure adequate treatment costs......" Zhang Ke didn't want Li Xinyu to get involved, the cost of treatment is not a problem, after all, the school and the city don't want things to be big, the cost has become secondary, and the school will come forward to ask for compensation afterwards, he already knew from Chen Xiaosong that the person who left after being beaten up among the three Samsung employees in the dance hall was Lee Jae-so's senior assistant Kim Nam-yong, although the matter did not involve Kim Nam-yong, but it is unknown whether Kim Nam-yong did any tricks behind his back, vaguely felt that the development of things would be unfavorable to Li Xinyu, but he didn't know how to tell her well.

"Can you go over and talk to me?" Li Xinyu asked on the phone.

"Come on." Zhang Ke agreed, thinking that she might be able to guess what would happen.

Zhang Ke ran downstairs to open the door, and then walked to the kitchen to brew the ground coffee, listening to the sound of the door closing, poked his head over and took a look, Li Xinyu walked in a silk printed nightdress with lace suspenders. The night was a little cold, she was still wearing a cotton shirt, and when she came in, she grabbed the placket on both sides of the shirt, and her pure and bright face was exposed in the middle of her scattered brown hair, Zhang Ke said to her: "I'm making coffee." ”

Li Xinyu owed her body, and said apologetically: "I can't sleep, I'm bothering you." "Walked to the kitchen, waited for the coffee to boil with Zhang Ke, smelled the aroma of coffee in the room, and didn't particularly want to talk, it seemed that standing here and smelling the aroma of coffee together was a good enjoyment.

"Go to the top of the building to see the stars?" After the coffee was brewed, Zhang Ke asked Li Xinyu.

"Hmm." Li Xinyu nodded.

"Then bring the coffee and I'll go back to my room and get a blanket." Zhang Ke handed the tray to Li Xinyu, he went back to the room and took two plain thin velvet blankets to the roof, and took the mobile phone by his side.

The rain had stopped outside, the clouds had dispersed a bit, a few stars could be seen sparsely, and the night was a little cold.

There are two side-by-side deck chairs in the sky garden, put the coffee on the square table on both sides, the deck chairs are a little wet, and they are a little cold to the touch, Zhang Ke unfolded a thin pile and cushioned it underneath, let Li Xinyu lie down, and took a thin velvet blanket to cover the two of them, and looked up at the galaxy in the night sky.

"I don't have anything special to say, I just think it's good to lie down like this, will I think I'm too boring?" Li Xinyu asked.

"Then just lie down like that." Zhang Ke said with a smile.

"Although we don't have anything, our relationship may still be nonsense, will you be angry?" Li Xinyu asked again.

"No, it won't." Zhang Ke shook his head.

"If I can't fall in love with someone else, and I can only love you reluctantly, will it confuse you?" Li Xinyu asked.

Zhang Ke turned his face sideways and looked at Li Xinyu's crystal clear eyes looking at him, his eyes were pure and innocent, and he was seriously discussing a problem.

"How can it be confusing? This may be a very simple thing, such as lying here, and there is nothing special to say, just feel that it is good to lie down. ”

"You're repeating what I'm saying." Li Xinyu said.

I think this sentence can express this meaning, and some people always make a fuss and say how can you lie there and just look at the stars and not speak...... There are also some people who always make a fuss and say, how can you like someone like that! Zhang Ke said.

"If you don't speak, you have more words than ever," Li Xinyu said with a pleasant smile, Orr got up and sat there again, looked at Zhang Ke seriously, and said, "Ask a question seriously, does Miss Chen Jing think so too?" She's one of the few strong women. ”

"Are you asking how she can barely love me?" Zhang Ke didn't answer directly, but said again, "This question has to be asked to her herself." ”

"......" Li Xinyu pouted slightly, and seemed to be a little dissatisfied with Zhang Ke's answer, but she didn't say anything more, her hand stretched out, her head was pillowed, and she looked at the deep night sky comfortably, Zhang Ke smiled, and also held her head in her hands and looked at the stars in the sky, thinking about something crankily, and when she turned her face to look at Li Xinyu sideways, she had already fallen asleep with her eyes closed; Zhang Ke yawned, curled up and closed his eyes and fell asleep.

In the early morning, it rained again, and there were raindrops on his face, Zhang Ke woke up immediately, and there was a clear light all around, seeing Li Xinyu's whole person curled up in a thin velvet blanket, he pushed her: "It's raining, let's go into the house." ”

"Liar, I have to sleep for a while......" Li Xinyu was sleepy, reluctant to get up, and said coquettishly in Korean, "Let me sleep for a while!" Her head was wrapped in a blanket, and she couldn't feel the rain falling.

"It's really raining...... Zhang Ke didn't expect that she was still a snooze guy, so he sat up and wanted to lift the blanket and let the raindrops fall on her face for her to feel it.

"Carry me down, take a blanket and wrap me down, don't let me get drenched in the rain." Li Xinyu dragged the blanket and didn't let Zhang Ke lift it, and still said in Korean.

Zhang Ke scratched his head, and picked up Li Xinyu with a thin velvet blanket, only to find that she was not as pressed as she imagined, she curled up like a baby, carried her downstairs, and put her on the bed in the bedroom. The blanket spread out and covered her face, her waist exposed. Her waist is extremely thin, making people wonder how such a thin waist can connect such a plump chest with a round buttocks.

Zhang Ke rubbed his face, covered her with a thin velvet blanket, remembered that his mobile phone was still on it, and was turning around to get his mobile phone, watching Li Xinyu sit up from the bed in a panic.

"I'm sorry, I dreamed that I was sleeping outside with my father, and when you talked to me, I still thought that my father was talking to me, so I asked you to carry me down......" Li Xinyu sat on the bed with a blushing face and looked at Zhang Ke embarrassedly, "At this time, I suddenly remembered that I was in China." ”

"Such a heavy daughter, hugging it down, almost flashed my waist," Zhang Ke said with a smile, "Either you sleep for a while and I forgot to take off my phone." ”

"Can I use your computer?" Li Xinyu asked, "After chatting with you yesterday, I sent an email to my father, and he may have replied. ”

"You can use it." Zhang Ke said, just out of the bedroom to remember that yesterday's email has not been withdrawn, the plan to acquire the hydis-LCD company is placed on the desktop, Li Xinyu can see it as soon as he activates the computer, hesitated, or go up first to take off the phone.

Li Xinyu sat in a chair and watched Zhang Ke take the mobile phone down, and said, "Do you really want to buy Hydis-LCD?" ”

"......" Zhang Ke nodded.

"Our economic research institute also noticed that Kumho's investment in STN LCD screens is unusual, and thinks that you are preparing to enter the TFT LCD field - this judgment was made by me, and I also said in the report that HYDIS-LCD will be your priority, look, my judgment is very accurate." Li Xinyu smiled happily and explained, "Your email is on the desktop, and I can see it when I click on the computer, but I only look at it twice - I will not write a report on this to the company again." ”

"It's nothing," Zhang Ke said with a smile, "Did your father reply to your email?" ”

"No," Li Xinyu said with some regret, "Maybe he went to bed early last night, he didn't work, and when he wasn't working, he would never touch the computer." ”

Lee Kun-hee is a simple person, rarely appears in front of the media, although Samsung has achieved brilliant achievements, but he will not be interviewed by the media unless he is forced to, and the outside world knows very little about his life.

Zhang Ke said: "Then you have to wait a little longer to receive a reply from your father." ”

Li Xinyu yawned, and her sleepiness was still very strong, but she was embarrassed to sleep on Zhang Ke's bed, and said goodbye and went downstairs. Zhang Ke turned off the computer and lay down on the bed to make up for sleep.

Zhang Ke slept until ten o'clock before getting up, and the BBS of Upper East University knew that the student of Chengjian had a successful night operation, and whether there would be any sequelae left would take time to observe. After the investigation of the matter, it became clear that the University of Tokyo made a decision in the morning to expel the seven HG students who participated in the beating, and further treatment will depend on the results of the identification of the injured students.

Due to the timely and decisive handling of the school, the students did not have much anger, and the campus also returned to its former calm, only the parties concerned continued to be entangled in the incident and pain, and it would take some time to completely solve it.

For Du Fei and them, the next period of time is to complete the integration of Internet platform resources such as Quantum, Dongda Chuangyu, and Zhuoyu. The offer to pay $2,000 and a 6% stake in Quantum Online to acquire the MICQ business and related resources was quickly approved by a unanimous vote of Quantum's Board of Directors.

In addition to making Quantum Online temporarily profitable before 2,000 years in advance, this plan also makes more sense for those sophisticated investors to have a balance of more than $100 million.

Dongda Chuangyu wants to use the MICQ network instant messaging platform to better integrate Internet resources, and it will not be effective for a while.

Kumho's acquisition will be carried out in the name of the HG subsidiary, which will avoid many legal and procedural troubles, and Kumho has increased the registered capital of the HG subsidiary to US$100 million. Although the offer was made to Hydis-LCD in the name of a subsidiary of HG, this matter will not be completed overnight; Even if competing companies such as Samsung are ultimately unable to prevent Hydis-LCD from being acquired by Kumho, they will do everything possible to delay the acquisition in their interests.

In the next ten days of May, the Nasdaq index has been fluctuating, and the domestic Shanghai and Shenzhen stock markets have also been hit more and more. In the last two days of May, Haisu Technology due to the lack of support from pallet funds, and hit two consecutive down limits.