Chapter 771 Microsoft evaporated $66 billion in ten minutes
1999 was a crazy year for the global stock market, the Nasdaq index soared from 2,430 points to 3,890 points, an increase of more than 60%, and almost all stock analysts were sure that by Christmas the index would break through 4,000 points, and by March 2000, it would probably exceed 5,000 points, or even 6,000 points.
The Internet boom of 1998 and 1999 made the world pay attention to IT companies, Microsoft is one of the giants leading the IT trend, almost regarded as the vane of the NASDAQ index, as a pure software company, it is not too much to say that it is the banner of the Internet and IT industry, its year-on-year growth performance and rising stock price, expanding the market value of ten times proves this.
Microsoft's Xbox listing plan was circulated in November, and after more than half a month of digestion in the market, Microsoft's stock price reached $54.72 per share, the highest in Microsoft's history.
Wall Street analysts optimistically predict that as long as there are no accidents, Microsoft only needs to follow the market, and if the market rises, it will also rise, then it will soon break through $58, and more than $60 is definitely not a dream!
But today has become the darkest day in Microsoft's history, on December 2, 1999, the NASDAQ morning market opened, Microsoft's stock price suffered the largest decline in history, from the previous day's peak of $54.72 to $49.23, a drop of more than 10%, and it is still declining!
The morning news came out, and there was a lot of negative news about Microsoft in the market, and the most important point is. Microsoft will lose its position in the PC gaming industry and is likely to be squeezed out of the PC gaming market. Another important point is that Xbox is likely to face a loss-making situation. Microsoft could lose the TV gaming market.
Bill Gates is trying to get into the video game market in order to take the right to decide on the operating system of home game consoles and expand the influence of Microsoft and its related interest groups into the living room.
Once they lost the TV game console market, competitors developed additional operating systems, turning digital entertainment and low-end computer clients into other operating systems, and no longer had to rely on Microsoft, which was a blow to their demoralization!
Microsoft's plunge, one of the most important index stocks, caused panic among the U.S. stock exchanges, with Wall Street analysts quoting Longteng's official statement yesterday. And word-for-word analysis, and then combined with Longteng's table on DC, as well as the reactions of major game companies around the world, finally gave a cautious wait-and-see rating to Microsoft stock.
It's crazy, the stocks of related IT companies in the United States are almost crazy, and any IT company involved in the game industry, as long as it is not from the Longteng camp, has all plummeted, and it is related to Longteng. Companies that have worked together for many years, such as Disney, Parker Brothers, ATI. Motorola and other game industry peripherals and related companies all lead the market, forming a violent polarization.
EA plunged 14% and Sony plunged 8%. Microsoft plunged 11%, and the IT stock collection area was red. In stark contrast to the overall green oil of the market the day before, today is red. It's glaring red!
A small number of green stocks are almost all companies related to Longteng, with an average increase of more than 5% making people feel incredible, but the market is quite acute.
Bill Gates looked at these real-time dynamic stock price charts and didn't say a word.
The 11% plunge caused Microsoft to evaporate $66 billion, yes, Microsoft just broke $600 billion in market value at the end of November, becoming the world's largest listed company by assets, but in less than ten minutes just now, $66 billion was gone.
And they dragged down the entire Nasdaq index, in a period of thriving high-speed growth, the Nasdaq index was brutally suppressed to 3800 points, down 3% from the previous day, and the losses were countless!
The many phones in the secretary's hand and bag kept vibrating, but he didn't dare to answer lightly, he knew that it must be those parliamentarians, investors, business partners, and stock market chairmen who were calling to ask what was going on.
But now it seems that Bill Gates has not made up his mind, he has not come up with any good way, his little secretary does not dare to promise anything at will, and he does not dare to disturb Bill Gates's thinking lightly, but moves his body carefully, ready to go out to deal with these disturbing bombs!
"Hold a press conference now! I'm going to give a speech myself! Bill Gates knew that this could not be left unfolded, and he had to deal with it, or his Microsoft empire would be mercilessly criticized and miss the opportunity of this Internet expansion!
As for the topic of the speech, he has already thought about it, the first is to vigorously promote the development of Xbox, invest heavily in research and development, and attract game companies to settle in, even if the loss is huge, he can't lose all the TV game console market.
The second thing is to stabilize the PC game market, he wants to put down the shelf, take the initiative to contact those manufacturers who have been suppressed by Longteng for many years, and continue to invest money in PC games, reward manufacturers, subsidize game developers, accelerate the promotion of Microsoft's game battle platform, open to the world, even if it is burning money, he must continue to do it.
This money, 660 million US dollars is enough, but he evaporated 66 billion just now!
Microsoft's side quickly organized a group of allies, their appeal is still huge, and the consortium behind it is also unwilling to see the rise of another operating system in the world, as an interest group, in the face of a huge crisis, consciously huddle together, it is natural to join forces.
However, their press conference was still delayed until noon, when it was already late at night in China, and Yang Yun and his wife were still a little sleepy after finishing their exercise, and came to the study alone to smoke.
Slowly build his super game empire little by little, it's still a bit of an achievement, but now the progress can only be said to be 80%, just the last breath, just like playing "StarCraft", choose BigGameHunters that level, he occupied 7 mines, but there is still a crystal mine that is strictly guarded by the enemy, and he can't infinitely riot soldiers, so he can only grind slowly.
He is not afraid of fighting on two fronts, on the contrary, he prefers Microsoft to accompany him in two fronts.
In this war, he is the dominant party, he leads Microsoft everywhere to fight, one moment to compete in competitive games, one moment to compete with TV game consoles, and now he throws out a unified PC game platform, which must make Microsoft have a headache, right?
After half a year's delay in Sony's game department, the Japanese government has brought in four or five large international software companies, but none of them are willing to take over.
Japan's Toshiba refused on the excuse that they are not good at precision electronic instruments, everyone knows that Toshiba's electrical appliances are one of the best quality products in the world, and they are not good at precision electronic instruments?
NEC said that they had stopped making software for a long time, they only sold complete personal and industrial computers, and they did not have the ability to develop games.
As soon as Mitsui and Mitsubishi consortia heard that they were asked to buy Sony Games, they directly said that they could not do anything, saying that even a comprehensive enterprise like Sony, which occupies all the film and music entertainment industries, could not hold up, and they were even worse at doing heavy industry and traditional industry, and the acquisition would also be bankrupt.
Like Bandai, a major game toy manufacturer, and Aruze, a pachinko giant, these two companies are afraid of being approached by the Japanese government, and the two presidents are so frightened that they retreat, and their whereabouts are strange, and they never dare to come forward in public, and they dare not return to China after hiding abroad for several months.
Bandai didn't dare to enter, if they intervened, I believe that Longteng would unceremoniously target their main products, the best carrier of machine products is comics, animated movies, games, as long as Dragon wants to deal with them, it is a matter of minutes to develop a machine game, Longteng's animated film and comic magazines, as well as the strength of the toy factory, Bandai can't do this.
And Aruze was once bitten by a snake for three years and was afraid of the well rope, they were betrayed by SNK once, fortunately, a mysterious person appeared, and chased back part of Aruze's lost money, so as not to be burdened with tens of billions of yen in debt, I heard that it was the news from the Chinese side that Longteng noticed that SNK Kawasaki Hideyoshi transferred all assets to South Korea to establish Playmore, and the investigation and evidence collection on WCG and the collective defection of the Playmore team, in addition to the assistance of the South Korean Samsung Esports Club in the investigationAlthough it is impossible to confirm that Dragon Teng is behind it, Aruze really does not dare to fight Dragon Teng casually, they are dead to the ambition of entering the game industry.
The Japanese government is considering the introduction of foreign investors, South Korea's Samsung refuses, Europe's Philips refuses, the United States EA and Microsoft all refuse, Microsoft also asked rhetorically, the last acquisition of Nintendo was fruitless, this time do you still want them to be a foil?
At the end of the day, a Japanese man stepped forward and expressed his willingness to personally fund the acquisition of Sony Games, and he turned out to be Hayao Nakayama, who resigned from Sega from Longteng Japan!
People were shocked to find out that Hayao Nakayama was not fighting alone, there were many aspiring Japanese standing behind him, he brought out a whole team from Sega, and re-recruited Ken Nagata Ragi from Sony Games, and they created a new company NewSonic that has nothing to do with Longteng under a brand new name, and they want to carry the banner of the Japanese game industry! (To be continued......)