Chapter 107: Eva's Revenge
$10 million was really a small thing for Eva, and the consulting fee paid to Blackstone was not unjust at all. By the time Eva left Smith & ollensky's, she couldn't wait to see AT&T's frustration when she learned that she couldn't use Cisco's technology.
During dinner, Peterson advises Eva not to try to monopolize all of Iridium's shares, but to try to attract some new and powerful investors. Because AT&T is a super-giant, and Goldman Sachs and Morgan Stanley, who stand behind him, are the kings of American capital. Yota Communications is like an ant in front of these three companies.
"Ms. Eva, I hope that you will open up Iridium to investors, at least not to exclude strategic investors, knowing that controlling a company requires more than just capital and equity, and that the technology in your hands is unique. As long as Yota can continue to maintain its leading position in the industry, Iridium will never be able to leave your control! Peterson said earnestly.
"Mr. Peterson, I understand this by now, but now that the big companies are on AT&T's side, even if we can use patent lawsuits to hold off AT&T's network plans, Goldman Sachs and Morgan Stanley behind them make almost all investors look down on us......" Eva continued.
"Ms. Eva, please rest assured, I will go to Japan in a few days, I still have some friendship over there, if you can trust my apprentice Schwartzman, let him handle the patent lawsuit!" Peterson replied.
After the dinner, on the way back, Eva excitedly told Seryosha the good news, and after hearing Peterson's plan to use the patent lawsuit to drag down his opponent, Seryosha first suddenly realized, and then asked with admiration: "How did you meet Mr. Peterson?" ”
"Yes, no! They took the initiative to come to the door, at first I thought it was some small company that wanted to fish in troubled waters, and almost threw away their invitations, Blackstone, what a broken name......" Eva complained, but felt beautiful in her heart.
"Blackstone, is that any wonder?" Seryosha suddenly realized, but he was taken aback in his heart, and someone sent a pillow if he was really sleepy. I didn't expect the future famous Blackstone Group to be so small now.
"Eva, take a chance to ask Mr. Peterson if they are interested in making the transition to private equity, and I can ask Mikhail to invest in them!" Seryosha suddenly said to Eva. He now knows that the other party is Blackstone, the world's largest private equity firm that can compete with Goldman Sachs in the future, how could he miss this rare early-stage investment opportunity? Seryosha has now begun to retreat from the Japanese market, and it is conservatively estimated that he will have $15 trillion in earnings, and there are only a handful of talented people in the world who can manage this money, Bill Gross is one, and Peterson and Schwartzman are also top talents in this area. It's just that Bill Gross and Blackstone have completely different ways to make money, Bill Gross mainly relies on investing in Treasury bonds to benefit, the risk of Treasury bonds is relatively small, and the income is relatively stable, which is more suitable for a stable investment method. Peterson and Schwartzman make money by acquiring potential companies to become bigger and stronger, and the future development speed of Blackstone is absolutely beyond imagination, they can easily change the pattern of a certain industry, and most importantly, Peterson, who served as Secretary of Commerce, has strong connections in politics and business, almost giving him a fundraising ability that ordinary managers can hardly match.
"Seryosha, I know that you won't let go of this company!" Eva is completely convinced of Peterson today, although the other party's company is not as good as Yota Communications, but as long as Peterson and Schwartzman are in charge, the little Blackstone will soar sooner or later.
……
A few days after the partnership was confirmed, Mr. Peterson left the United States for Japan, where he was confident that he could help Yota find new strategic investors because his tenure as Secretary of Commerce coincided with the beginning of the entry of Japanese goods into the United States. Peterson has good personal relations with a large number of Japanese business people, and the now famous Sony president Akio Morita is a good friend of Peterson, and Peterson is confident that the Japanese will side with Yota to support Iridium.
Soon after, Schwarzman brought all of Blackstone's employees to Cambridge to compile information on patent litigation with Cisco. Yota's own legal department and network R&D department are working overtime to refine their patent application materials and continue to contribute to Yota's moat.
On the second Saturday of July in 1986, the New York Stock Exchange closed trading because it was a closed day. On the previous trading day, AT&T had just completed its plan to increase its shareholding in Motorola and formally proposed a full acquisition of Motorola to the New York Stock Exchange. AT&T's offer is $1.97 per share lower than Motorola's current share price. This means that investors who entered the market in the month before Independence Day and this month not only did not make money, but also suffered certain losses. However, the opinions of these speculators are not enough to affect the big picture, because AT&T has succeeded in convincing Bear Stearns, Motorola's second-largest shareholder, to accept the offer, and the two companies own more than half of Motorola's shares, and their opinion is the final opinion of the board of directors. AT&T does not raise its offer for the benefit of individual investors.
However, the cooperation between the two parties has not been formally signed, because the deal is still pending the approval of Bear Stearns' board of directors. But in the eyes of all investment analysts and the financial media, it is only a matter of time. AT&T is already eager to hold a board meeting over the weekend to announce the official launch of their network plans, and AT&T is also interested in getting involved in satellite communications. Nearly all AT&T shareholders are looking forward to the trillion-dollar network market that will come after the annexation of Motorola. They are already predicting how far AT&T's share price will soar next Monday.
At this moment, an injunction from the District Court of San Jose, California, puts the alliance between Cisco and AT&T in jeopardy, and Eva is about to take revenge.