During this time, Luo Sheng's work focused on the two new projects of Bluestar Technology, and on September 27 of the same month, the Cote d'Azur held a press conference again, which was presided over by Yao Jianhong, who had just been promoted, and officially launched the Azure-3G version.

It is mainly distributed in overseas markets, and the construction of domestic 3G networks is also accelerating.

There is no subversive change in the new product, so Luo Sheng did not show up to host the press conference.

The biggest highlight is that the price is 10% more expensive, emmm...... All right.

Luo Sheng chooses to take the high-end route, will not take the old routine of small profits and quick turnover, the scientific and technological content of the product is more than five years ahead of the industry, if you take the route of small profits and quick turnover, it will be a bit stupid.

The biggest technical highlight of the 3G version or what consumers are looking forward to is the support of 3G network, although the Azure-X model supports the WIFI function, but after all, it is a mobile phone, and now there is not WIFI everywhere in this era, which is still inconvenient.

So it's been almost a year since the launch of Azure-X, and more than two million units have been sold, and there is still a backlog of more than 100,000 units in inventory.

Consumers are not stupid, and Azure mobile phones are not cheap, even in the European market with strong spending power, a mobile phone of 700 euros is definitely considered a high-end consumer product as a consumer electronic product.

The ITU organization of the International Telecommunication Union has set the 3GPP standard agreement for 2,000 years, and the so-called 3GPP means the "third generation partnership program".

For most consumers, they obviously want to wait for the 3G version to go on the market before buying, after all, it's not cheap.

In addition to supporting 3G networks, Azure-3G Edition still has many technical highlights, such as visual voice messages, voice calls, including video recording functions, and of course, the AOS2.0 version of the operating system that has been updated and launched simultaneously, as well as more applications and third-party development software, more stable system operation and related optimizations.

Users who have purchased the Azure-X model can also upgrade to the AOS2.0 update version on the day of the 3G version's release, that is, from December 24, but there are still some applications that can only be used in WIFI networking due to limited network speed.

It is worth mentioning that after the 3G version of the product was finalized and put on sale, the engineering team of the Cote d'Azur has begun to receive a new task from Luo Sheng, that is, to develop a new generation of AP processors and communication baseband chips based on 4G networks.

In other words, it is to start the demonstration of the 4G version of the smartphone, and the initial investment Luo Sheng gave a budget of 500 million US dollars, but it is definitely far from enough.

Now there is no need to borrow from banks, because the Cote d'Azur has begun to generate income, and the current financial environment cannot borrow a large number of loans, because the continuous outbreak of the subprime mortgage crisis and the expansion of the scope of the spread have already affected the real economy.

The most direct embodiment is that the physical manufacturing companies are also unable to borrow money or more difficult to borrow than in the past, and now the major financial service companies are all saving their lives, where do they dare to borrow money or increase leverage?

Fortunately, the Côte d'Azur companies were not affected.

As the so-called step by step, it is not surprising that Luo Sheng knew that around 2009, the International Telecommunication Union would complete the formulation of 4G standards, and this time the formulation of standards will undoubtedly involve Huaguo.

The Cote d'Azur and Bluestar Technology Group are now one of the members of 3GPP, and the formulation of 4G standards is mainly promoted by hundreds of 3GPP members, including various operators, equipment vendors, network service providers, etc.

The Cote d'Azur company is an equipment vendor, while the Bluestar Technology Group is a network service provider.

According to the 3GPP standard agreement, any member can initiate a proposal and discuss it in a meeting as long as it has the support of the other 4 members.

There is no doubt that the formulation of 4G standards, Luo Sheng's voting weight ratio, among hundreds of members, is very important.

Its main influence is not the Cote d'Azur company, its mobile devices are not ranked in the market share now, and the right to speak is relatively weaker, mainly Blue Star Technology Group, whose global influence is self-evident.

……

October.

After the long holiday, Luo Sheng came to work at the Côte d'Azur company today to deal with some of the backlog of affairs.

"Come in."

Luo Sheng heard the knock on the door, looked up, it was Qin Weimu who walked in, his eyes stared at Luo Sheng and said as he walked: "Our funds have left the market completely safely, this time we have made a lot of money from betting on the North American housing market, and all the proceeds from our investment in the Paulson Fund and the Successor Fund have been remitted to our account yesterday." ”

"Winter is coming...... Luo Sheng said without raising his head: "What is the situation in the international financial market now?" ”

A financial storm sweeping the world is coming, no one can stay out of it, and naturally they have to understand a little, Qin Weimu has been paying attention to and analyzing this aspect.

"In the last August, September and February, most of the world's stock indexes have fallen across the board, and only technology stocks are still standing still and rising against the trend."

Hearing this, Luo Sheng put down the work at hand, leaned back in the chair and sighed, and said, "Technology stocks won't last long, the general trend is unstoppable, everyone will explode together." ”

Qin Weimu handed him a piece of information in his hand: "This is a compilation of some major events in the international financial market in the past two months. ”

Luo Sheng took it and opened it at a general glance.

On July 10, 2007, the S&P downgraded subprime mortgage bonds, and global financial markets were immediately shaken.

In early October, there was an avalanche for more than two months, followed by the announcement of the involvement of France's largest banks in US subordinated bonds, and the price of crude metal futures and spot gold plunged.

In early August, the subprime mortgage crisis in North America spread outward, and European banks intervened, and the rescue operation began.

Banks around the world injected more than $326.2 billion in 48 hours to bail out the market, and the Federal Reserve injected $38 billion into banks three times a day to stabilize the stock market.

A few days later, dozens of entities such as Walmart and Home Depot suffered huge losses due to the subprime mortgage crisis, and on the same day, the three major banks in Europe and the United States injected more than $72 billion to rescue the market.

By mid-August, the subprime mortgage crisis worsened, and the Asia-Pacific stock market suffered the worst decline since 911, the Federal Reserve lowered the window discount rate to 5.75%, and said that the bank injected another 1 trillion yuan into the bank, and the European side also planned to increase the rescue efforts.

Subsequently, the bank injected another $800 billion into the banking system, and the Reserve Bank of Australia injected $3.57 billion into the financial system.

By late August, the Fed had injected another $3.75 billion into the financial system, Europe had an additional €40 billion in refinancing, and the Bank had lent £314 million to commercial banks to deal with the crisis, followed by $7 billion, $9.5 billion, $5.25 billion and $10 billion over the next four days.

By mid-September, the Fed cut the federal funds rate to 4.75%.

And now in October, the Federal Reserve is still trying to save the economy from a continuous collapse, and the North American Treasury Secretary has helped major financial institutions set up a $100 billion super fund to buy distressed mortgage securities.

……

At the end, Luo Sheng closed the statistical material, involuntarily crossed Erlang's legs, turned his head to look at Qin Weimu and asked, "How much did we earn?" ”

Qin Weimu: "The offshore fund currently has a total book fund pool of 45.818 billion US dollars, and the total return on this investment is locked at 639%, and the disposable wealth you now have has surpassed that of Bill Gates." ”

Hearing this, Luo Sheng closed his eyes and took a deep breath, and after a while, he opened his eyes and couldn't help but curse in a low voice: "Made, since he started his business in zero three years, he has worked hard for three or four years, and the profit he has created is less than one-tenth of this investment. ”

According to Luo Sheng's current equity in Bluestar Technology, excluding the share price premium, only the net profit sharing income is more than 3 billion US dollars, which is equivalent to about 8% of the benefits he received from his bet on the North American housing market.

Even 8% is an astronomical amount, and 99.99% of all human beings cannot achieve such an achievement.

Obviously, this can also prove from the side how profitable the income from the short selling of the North American housing market is.

However, this money is still not enough to build a "spare tire plan", once the "spare tire plan" is fully rolled out, it will burn seven or eight billion dollars, or even tens of billions of dollars, a year.

The more than $40 billion can be burned for about four or five years, and it is absolutely hellish difficulty to embark on a road of scientific and technological self-reliance on the basis of starting from scratch, and finally to catch up and surpass it.

……

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Sogou