Yao Jianhong returned from North America and was officially promoted the next day, and was appointed as the global executive vice president of the Côte d'Azur, becoming the second person in the company's core management after Luo Sheng.

Originally, according to the treatment of his 0.2% of the Cote d'Azur company's equity, it would take several years to convert it into real shares, but because of his outstanding contributions, he was exceptionally made to become a real shareholder of the company in advance.

In addition, he also joined the board of directors of the Cte d'Azur company, became a director, and in the core management positions, he became executive vice president, general manager of supply chain, global president of sales and service, director of the semiconductor business unit and other important positions.

The Cote d'Azur does not have major new plans at the moment, the initial opening of the situation, the first task is to consolidate the market and do a good job in sales, making money is the first priority, and then the company's debts are paid, and finally the remaining profits will be invested in new research and development programs.

Especially in the semiconductor business sector, this requires tens of billions of budget investment, and it is really impossible to play without money.

Don't look at the high profits of the Azure series of smartphones, but if you want to not be stuck by foreigners in the core technology and key supply chain in the future, you must embark on a road of scientific and technological self-reliance, which requires countless funds to pave forward at any cost in order to get out of a road of independent research and development that is not controlled by others.

Such a development path requires high profits to maintain support, and it is not achieved overnight.

In the following days, the Cote d'Azur company operated as planned, and the R&D team has begun to enter the project demonstration and R&D stage of the next generation of products.

……

The time came to August, Bluestar Technology headquarters.

"Mr. Luo, the company's semi-annual report (second quarterly report) has been audited." Zhang Bowen came to Luo Sheng's office and handed him a document for approval.

"How's the income? How much did the shadow of the subprime mortgage crisis affect the company's performance? Luo Sheng took the material and said, opened it and reviewed it.

Zhang Bowen replied: "Basically, the stock market is wailing, and the European stock market is also plummeting across the board, but it has not had much impact on the IT industry at present, after all, the correlation between the two is not large, and the company's performance in the second quarter is good, and it can even be said to be strong." ”

According to the results of the global business audit of Bluestar Technology Group, in the second quarter of 2007, the total revenue of the group company was 7.39 billion US dollars (56.2 billion yuan), an increase of 199% year-on-year and 13.2% quarter-on-quarter. Net profit for the quarter was $1.817 billion, up 325.5% year-on-year and 11.27% quarter-on-quarter, in line with Wall Street analysts' expectations.

The company's cash flow reserves are $15.7 billion.

"It's not bad, let's post it in the afternoon."

Luo Sheng quickly completed the title of the reply and stamped it, closed the material document and handed it to Zhang Bowen again, adding: "The North American subprime mortgage storm will not affect the IT industry, but if the subprime mortgage storm triggers a global systemic financial turmoil, no one can stay out of it, let alone a large-scale multinational company like ours." ”

Zhang Bowen nodded: "I understand, the operation department has done a good job of risk prevention in this regard." ”

In fact, the way to prevent it is very foolish, reserve cash.

The family has surplus food, and there is no panic in the heart.

Bluestar Technology's second-quarter audited earnings report was then released, and the company's stock rose sharply the next day, with a record market value of $168.3 billion in after-hours trading.

In the environment of the financial world's wail, the trend of IT technology stocks has not been dragged down by the broader market, but surprisingly bucked the trend, and most of the IT giants' market value has risen sharply, while the only exception is Microsoft, which is firmly in the top position in the IT industry, is falling.

At present, among the world's top five IT listed companies, Microsoft continues to dominate the list with a total market value of $269.4 billion, followed by Cisco soaring all the way to $193.4 billion, ranking second, and Bluestar Technology ranking third with $168.3 billion.

Google is a close second with a market capitalization of $151 billion.

Intel Corporation ranked fifth, with a market capitalization of $150.4 billion.

IBM has fallen out of the top five.

During this time, even Amazon's market capitalization doubled, reaching $33 billion.

It can be said that IT technology stocks are in stark contrast to the current stock market, but Luo Sheng knows very well that it will not be long before the entire world economy will collapse, and the IT industry will not be spared.

However, for Bluestar Technology, which has more than $10 billion in cash reserves, it is a good thing, and Luo Sheng is thinking about buying back a wave when the stock price falls to the trough.

Only by having cash in hand, and having enough cash, can you get through this difficult period, or you may be swept away even if it is not destroyed by this financial storm.

……

New York, a hedge fund.

When Michael Barry came to work on time, the employees sitting in the lattice of the office area looked at him, and Michael's assistant said with excitement: "Boss, Bear Stearns' two mortgage hedge funds have collapsed, and AHM has filed for bankruptcy protection......

"The harvest has begun, and we have won after all...... It looks like the economy is going to collapse, so let's start selling, $4.2 billion. Michael lightly put down this sentence and entered his office, during which he couldn't help but look at the whiteboard hanging on the wall, on which was written a string of negative numbers:

-19.9%

The Heir Fund has posted a loss of nearly one-fifth so far, and Michael silently glanced at the negative number on the whiteboard and ignored it, as the negative number written on the whiteboard was outdated.

Sitting at the desk, pulling out the keyboard and typing on it for a moment, then the landline phone rang, Michael picked up and connected the phone, and a voice came from inside:

"I'm Dep Winston at Goldman Sachs and I'm evaluating your credit default swap and I want to confirm if the value is reasonable."

"Wow, you're saying you've jumped in and bought the short position yourself? Great, I can finally assess my credit default swap, after all, it's good for Goldman Sachs. Michael said quietly, but when he said this, the corners of his mouth couldn't help but rise, now everyone has to buy default swaps to protect themselves, the market has completely tilted towards him, this is the best time to cash out.

"I don't understand what you're trying to hear......" Dep Winston replied, looking confused.

“ok…… I think you've already said that. Michael replied with a smile, then ended the conversation, and smiled brightly.

He is not in a hurry, Goldman Sachs can survive, Michael firmly believes that Goldman Sachs can definitely survive this crisis and is very nourishing, because in this storm, Goldman Sachs itself shorted its subprime mortgage assets, and by the way, it also drained the blood of other investment banks to fill its own deficit.

Moments later, Michael re-dialed Regan: "This is a heirloom hedge fund, and I'm selling a default swap." ”

"What kind of default swap?"

Michael: "Collateralized debt obligations on AA-rated asset-backed securities. ”

"What is the notional value?"

Michael: "It's $300 million. ”

"Well, we'll pay you sixty million dollars."

Michael: "No, no, I want $150 million." ”

"We may not be able to get along, and it's hard to get a consensus."

Michael: "OK, $145 million. ”

"$120 million."

Michael: "$140 million. ”

"$120 million."

Michael: "$137 million. ”

"$120 million."

Michael: "$133 million, that's my bottom line." ”

"Well, $133 million."

The newsletter ended quickly, and the deal was actually complicated, but to put it simply, Michael bought a $1,500 credit default swap, and the current nominal value is $300 million, and he now sells it for $133 million, and what he gets is real money, and the profits explode.

Michael proceeded to dial the contact details of the next bank.

"This is a successor fund, we are going to sell credit default swaps......"

"What is the notional value?"

"$208 million."

……

In the following days, the heirloom hedge funds, including the Paulson hedge fund, began to trade credit default swaps in their hands one after another, which was also a heartbeat link, and their big shorts were leaving, and they had to complete the transaction before the bank went bankrupt, otherwise they would explode on the spot with the bank.

Once the bank goes bankrupt and has no money to lose, then Michael's investment will be all lost.

But these big shorts have taken their time to death, although some will miss and lose, but it is harmless to lose one or two, because the contract is more than one or two points, and it is not a bet with a bank.

In the end, he left the market safely and made a lot of money.

……