Suddenly, the time came to March 2008, Luo Sheng went home for the New Year in a low-key manner this time, and during the Spring Festival in China, the global economy began to enter a stage of full collapse, even if countries are crazy to save the market still can't resist the cliff diving of the stock market.

But there is no way, if you can't stop it, you have to go crazy to save the market.

In particular, in the United States, there is a serious shortage of liquidity, a large number of real economies are unable to borrow, unemployment is rising, and GDP continues to collapse.

The Federal Reserve is implementing round after round of rate cuts, bringing interest rates down to near zero and keeping them at the same level.

In addition, the Federal Reserve has successively introduced quantitative easing in Toronto to save the economy by buying large quantities of asset-backed securities and selling Treasury bonds to inject liquidity into the market.

However, with the world shrouded in the haze of this economic crisis, Luo Shengmei had a good New Year, and it can be said that there was no pressure.

After the year, it is the time of crazy harvesting.

It really confirms Buffett's saying: I am afraid when others are greedy, and I am greedy when others are fearful.

……

At the beginning of March, the office of the CEO of Bluestar Technology.

Erin came to Luo Sheng's office with a document and asked, "The company's 2007 annual results have been audited early, and are you not ready to disclose it?" ”

Luo Sheng shook his head: "Don't worry, let the bullets fly for a while." ”

Usually at the end of January has been disclosed to the outside of the news, this time Luo Sheng is not allowed to disclose, and the market has been looking forward to it, he did this undoubtedly seriously undermined the confidence of the market, investors feel that the situation of Bluestar Technology may be worse than imagined, and directly reflected in the stock crash diving.

This is the result that Luo Sheng wants, and it is also deliberate not to disclose the financial report, anyway, as long as it is not released within the specified deadline.

Generally, listed companies often publish their annual reports together with the first quarterly report of the new year, and Bluestar Technology Group has not done this before, but it does not mean that it cannot be done.

Luo Sheng picked up the materials brought by Erin and watched silently.

As of December 31, 2007, the global revenue of Bluestar Technology Group in the fourth quarter of 2007 and the annual financial report of Bluestar Technology Group was US$6.567 billion, an increase of 10.78% year-on-year, an increase of -14.32% month-on-month, and a net profit of US$1.38 billion, an increase of -3.08% from US$1.423 billion in the same period last year.

Obviously, the economic crisis has affected technology companies, and Bluestar Technology Group's fourth-quarter performance fell for the first time, but it did not show an absolute loss, and still won a net profit of $1.38 billion in the fourth quarter.

In other words, I didn't earn as much as before, but under this premise, I still made a lot of money.

If it weren't for the economic crisis that broke out in North America and spread to the world, the fourth-quarter performance might definitely be able to rise by about 30%, but the general environment is so difficult to have this kind of requirement, not the performance of Bluestar Technology is down, but all are diving.

Bluestar Technology Group's annual revenue in 2007 reached 28.152 billion US dollars, an increase of 102.88% compared with 13.876 billion US dollars in 2006, but the net profit for the whole year this year was negative, with a total net loss of 1 billion US dollars.

This is because in the third quarter, Bluestar Technology Group launched two new projects of "online cloud translation" and "virtual idol" at this time node, coupled with the investment layout of the e-sports industry, and the acquisition of all the shares of Blizzard held by Vivendi Group, which are the reasons for the significant increase in operating expenses.

Profit is important, but the influence of a company ultimately depends on revenue data, so the world's top 500 companies are not ranked by profit, but by revenue amount, and Bluestar Technology Group's revenue this year still maintained a triple-digit growth, reaching a dazzling result of 102.88%.

This year, it seems that it has lost $1 billion, but in fact, the company's assets have skyrocketed, and more importantly, Bluestar Technology Group has no debts so far, and there are more than 17 billion cash reserves, which is the biggest reliance that allows Luo Sheng to be calm in the face of the global financial turmoil.

Now this is the moment when cash is king, Bluestar Technology Group has more than 17 billion US dollars in cash reserves in its safe, and it has no debt, and it can survive the cold economic winter.

Not to mention that Luo Sheng's offshore trust still has more than 40 billion US dollars of spare money, which can be used at any time without entering the stock market or Wall Street.

In any case, Luo Sheng is unlikely to face the possibility of no cash flow now.

About two-thirds of the way through the materials, the desk landline phone rang, and it was Zhang Bowen calling.

"Mr. Luo, the company's market value has fallen to $157.2 billion, is it possible to buy back at the bottom?"

"Wherever this has been, it has not fallen below 150 billion, don't worry, wait until it falls below the 100 billion dollar mark before making a move." Luo Sheng immediately said without hesitation.

On the other end of the phone, Zhang Bowen, who was sitting in the office of the executive vice president, said in surprise when he heard this: "What? This...... Can it fall below the 100 billion mark? Is it so serious? ”

Since 2008, countries are frantically bailing out the market, especially in North America, and the Federal Reserve has been issuing a series of measures for liquidity, but it still can't save the market crash.

Luo Sheng replied affirmatively: "Just do what I say, you have to calm down, in the second half of this year, our income may be greatly reduced this year, it depends on how much cloud services can be pulled back, at this time, it will be difficult to earn back the money in a short period of time, and then there will be not so much money if you want to buy the bottom." ”

Zhang Bowen nodded and said, "Well, I understand!" ”

Luo Sheng: "That's it. ”

……

If at the end of last year, technology stocks were already weak, then just entered this year in 2008, technology stocks also fell and began to enter the stage of the big crash.

As of March 2008, Microsoft still maintains its position as the No. 1 technology company in the world's top ten listed IT technology companies, but its market value has plummeted to $247.3 billion, evaporating nearly $100 billion.

The world's second-largest listed technology company is Bluestar Technology Group, which has also plummeted, from $207.1 billion at its peak to $157.2 billion at present, evaporating nearly $50 billion.

The third-largest listed IT technology company is Cisco, with a market capitalization of $145.4 billion; The fourth is Google, whose market capitalization has fallen to $132 billion; The fifth is Intel, with a market capitalization of $115.7 billion.

The current market environment gives people the feeling that Europe and the United States are frantically bailing out the market, but the more the market is bailed out, the more the stock market jumps, as if in a vicious circle.

You can't help it, otherwise it's even more terrifying.

The panic index has exploded, and the underwriters of Bluestar Technology Group are now waiting for the shares in hand to unlock the lock-up period, but the lock-up period will not be passed until the second half of this year.

That is to say, there are about three months to trade the stocks in hand, as early as the company's market capitalization is high, investors who pinch the shares of Bluestar Technology want to sell the stocks in a hurry, but during the restricted period, they are anxious and helpless.

But as long as the market value of Bluestar Technology's stock does not fall below $50 billion, it still has to be earned, but compared with the market value of more than $200 billion at its peak, it is still bleeding in my heart.

However, in the following days, the global IT world suddenly became extremely lively.

Because several IT giants have been directly or indirectly involved in a chaotic battle, including Bluestar Technology Group, Google, Oracle and other world-renowned IT giants.

At the same time, IT giants such as IBM and Hewlett-Packard were also forced to join, and the focus was on the competition between Sweden's MySQL and North America's Sun Computer.

……

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Chinese Net