Chapter 470: Capital Increase and Future
Pang Xuelin looked around and took in the looks of everyone in the conference room.
Ren Zhengfei smiled, showing neither support nor opposition.
Zheng Baoyong and Xu Wenwei whispered on the side.
Li Yinan, who has been promoted to deputy chief engineer of Warwick, looked at Pang Xuelin with a smile on his face, there is no doubt that this guy is a die-hard fan of Pang Xuelin, so he is naturally on Pang Xuelin's side.
Sun Yafang of the marketing department was in a state of frowning and contemplation.
……
Obviously, everyone has different opinions on Pang Xuelin's idea of developing 3G mobile communication technology and mobile phones.
At this time, Ren Zhengfei spoke: "Yafang, tell me what you think." ”
Sun Yafang muttered: "Mr. Pang, Mr. Ren, our company's revenue last year was 360 million yuan, and this year is expected to exceed one billion, according to the rules we set before, the annual expenditure for the company's research and development is not less than 10% of the revenue, that is to say, this year's research and development budget is 76 million yuan, and next year is expected to exceed 150 million yuan, but this money, for the research and development of 3G and mobile phones, is just a drop in the bucket." ”
Pang Xuelin took a sip of the tea on the table, smiled, and said to Zheng Baoyong and Xu Wenwei on the side: "Mr. Zheng, Mr. Xu, what do you think?" ”
Zheng Baoyong said: "I personally support the development of new technologies, but will we go too fast, from the telephone program-controlled exchange step by step to the third generation of mobile communication technology and mobile phone research and development, the funds required are astronomical." ”
Xu Wenwei also said: "Mr. Pang, I also feel a little risky, our program-controlled switch is selling very well now, I think we should take root in the field of program-controlled switch for a few years, and then develop into the mobile communication market." ”
Pang Xuelin was not surprised by everyone's opinions, and said with a smile: "I probably understand what you mean, everyone is worried about funding now, right?" ”
Zheng Baoyong, Xu Wenwei, and Sun Yafang each glanced at each other and nodded.
Pang Xuelin said with a smile: "I went to the United States some time ago to make a little money, and now I have almost 600 million US dollars of metal in my personal liquidity to use!" ”
"$600 million!"
When the words fell, not only Zheng Baoyong and Xu Wenwei were dumbfounded, but even Ren Zhengfei, who had been the old god, couldn't help but widen his eyes at this time, and looked at Pang Xuelin with some incredulity.
600 million US dollars, equivalent to 5 billion yuan, is almost double the valuation of Warwick.
Pang Xuelin only spent 120 million yuan to invest in Huawei.
This is still the premise that Pang Xuelin helped Huawei to complete the development of C&C08 2,000-door and 10,000-door program-controlled switches in advance.
The market price of the entire program-controlled switch has been reduced by one-third compared with last year.
According to Sun Yafang's estimates, it will take two to three years for Warwick's total annual revenue to reach the level of 5 billion yuan.
But what did Pang Xuelin say just now?
Went to the United States and made a little money of 600 million dollars?!
Money!
Zheng Baoyong and Xu Wenwei were in a trance, they still remembered that in May last year, Pang Xuelin worked tirelessly in the Warwick Engineering R&D Department for a month for a million yuan of funds.
As a result, this year, 600 million US dollars has become a small amount of money in Pang Xuelin's mouth.
"Mr. Pang, do you really have so many funds on hand?"
Ren Zhengfei didn't ask Pang Xuelin how he made the money, he paid more attention to the next use of the money.
Pang Xuelin smiled and said, "It's like a fake!" I plan to divide this money into two parts, half for the research and development of third-generation mobile communication technology and mobile phones, and the other half I plan to establish HiSilicon Semiconductor, which will mainly focus on the research and development of video decoding chips, DSP chips, ASIC chips, microcontrollers, etc. ”
When Pang Xuelin said this, everyone present came back to it one by one.
Pang Xuelin suddenly mentioned the research and development of the third generation of mobile communication technology, which is not the intention of a drunkard.
If such a large amount of money is injected into Warwick, how should Pang Xuelin's shares be calculated?
Even if it's only half, 2.5 billion yuan, it's enough to buy the whole Warwick!
But if Pang Xuelin is rejected, not to mention Pang Xuelin's identity as the largest individual shareholder of Huawei Company, once Pang Xuelin starts anew, God knows what kind of things can be made in this day?
At least in the field of communications research and development capabilities, no one doubts Pang Xuelin's strength.
Just like Pang Xuelin's proposal to develop third-generation mobile communication technology and mobile phone technology, no one doubts whether it can be done, but is first worried about the problem of funding.
In this way, there are not many options for Warwick.
If you refuse Pang Xuelin's investment, always work on the program-controlled switch, according to the performance and stability of the C&C08 program-controlled switch, Huawei's future market prospects should be good, but if you want to make the company bigger step by step, it is a bit difficult.
However, if Pang Xuelin's investment is agreed, then Pang Xuelin will undoubtedly obtain a controlling stake in Huawei Company, which will fundamentally overthrow the internal shareholding structure of Huawei and even the management structure of the entire company, and no one can say what Huawei will become in the future.
Ren Zhengfei's eyes narrowed slightly.
He was also hesitating.
Since the establishment of Huawei in 1987, Ren Zhengfei has worked hard for the development of Huawei.
Even in order to maximize the enthusiasm of employees, Ren Zhengfei did not hesitate to reduce his stake in Warwick to 2 percent, and the vast majority of the remaining shares were dispersed.
But all this seems a little insignificant in the face of such a huge investment.
The R&D expenditure of 2.5 billion yuan, coupled with the full support of Pang Xuelin, can raise Huawei to a certain height, no one is sure.
But there is no doubt that once Warwick agrees to Pang Xuelin's capital injection, then Warwick will have an unprecedented opportunity for development.
In the future, it is not impossible that even Transwarp will keep up with it.
For a moment, the conference room fell silent.
Sun Yafang, Zheng Baoyong, and Xu Wenwei all focused their eyes on Ren Zhengfei, waiting for him to make a final decision.
Ren Zhengfei pondered for a long time and said: "Mr. Pang, if you want to increase the capital of Warwick, I have two conditions. ”
"What conditions, please!"
Pang Xuelin smiled.
Ren Zhengfei said: "First, the money you inject must be spent on the company's research and development. Second, your personal shares in Warwick must not exceed 49%. ”
As the words fell, there was a slight commotion in the conference room.
No one expected Ren Zhengfei to put forward such a condition.
2.5 billion yuan, and at the same time requires Pang Xuelin's shares in Huawei to not exceed 49%, compared with Pang Xuelin's previous 120 million yuan to obtain 5% of Huawei's shares, which is equivalent to a direct doubling of the valuation of Huawei Company.
If Pang Xuelin is willing to agree, every employee who holds Warwick employee shares may be able to get a lot of money.
Not to mention, 49% of the shares are equivalent to Pang Xuelin still not being able to directly control Warwick.
But contrary to everyone's expectations, Pang Xuelin smiled without hesitation: "Okay, I agree!" ”
Ren Zhengfei couldn't help but be stunned and said, "Mr. Pang, don't you think about it?" ”
Pang Xuelin said with a smile: "I have been in contact with everyone here for a short time, and I know each other well, I believe in everyone, I believe that Huawei can become a great enterprise in the future with our joint efforts, which is the reason why I am willing to increase my capital in Huawei at a premium." I have one more condition, though. ”
"On what terms?"
Ren Zhengfei asked.
Pang Xuelin smiled: "The premise of my capital increase in Huawei is that all the rules and regulations of Huawei remain the same, and Mr. Ren is still the chairman of Huawei!" I only reserve one power, and that is that I have one veto power in major decisions in the company! ”
After Pang Xuelin finished speaking, the conference room was quiet for a while, and it became noisy again.
No one expected Pang Xuelin to have such a mind.
You must know that as Ren Zhengfei's right-hand man, Zheng Bao is most worried about what Pang Xuelin will purge Warwick's management after increasing his capital in Warwick.
After all, they all belong to Ren Zhengfei's team, how could Pang Xuelin, as the new boss of Warwick, tolerate Ren Zhengfei continuing to have so much influence in Warwick.
They never expected that Pang Xuelin not only retained Ren Zhengfei, but even made him the chairman of Warwick.
Ren Zhengfei looked at Pang Xuelin in surprise and said, "Mr. Pang, it's not suitable for me to hold the position of chairman of Huawei again." ”
Pang Xuelin said with a smile: "Mr. Ren, Huawei was established by you, and I hope you can continue to lead Huawei to develop and grow." To be honest, if it weren't for the optimism about you and your team, I wouldn't have increased my capital in Warwick at all. Therefore, even if my 2.5 billion funds arrive, Huawei Company will still be managed by you. ”
Ren Zhengfei smiled bitterly: "Okay, then I'll listen to you and continue to sit in this position." ”
Although Ren Zhengfei was ready to leave Warwick before, he had just turned fifty years old now, and it was when he was in the prime of life that let him leave Warwick, which he had created single-handedly, and he was really reluctant for a while.
Since Pang Xuelin trusted him so much and asked him to continue to stay in Warwick, he was not hypocritical, and directly agreed.
A faint smile appeared on Pang Xuelin's face, and he said: "Let's finish talking about the capital increase, then let's talk about the third-generation mobile communication technology and the research and development of mobile phones." ”
Pang Xuelin paused and continued: "At present, the first generation of mobile communication technology has begun to appear in our country, and the big brother in my hand is one of the masterpieces. The second generation of mobile communication technology, that is, 2G, has been determined as early as a few years ago, and the construction of related infrastructure is also being promoted. From now on, no matter the ends of the earth, as long as there is a 2G signal, you can make phone calls and communicate with relatives, friends and colleagues in real time. So what is the third generation of mobile communication technology? Do you have any thoughts on the third generation of mobile communication technology? ”
Pang Xuelin's voice stopped and turned his gaze around.
Zheng Baoyong, Xu Wenwei, Li Yinan and others looked at each other one by one, and no one said anything.
In fact, in this era, the relevant technical standards for 2G have just begun to be formulated, and mobile phones have not begun to be popularized on a large scale in China, even if Xu Wenwei and Li Yinan, who have stood at the forefront of China's communications industry, are still in a state of ignorance of 2G-related technologies, let alone the third generation of mobile communication technology.
At this time, Ren Zhengfei said with a smile: "Mr. Pang, we haven't figured out the program-controlled switch yet, let alone mobile communication technology, tell me your understanding." ”
Pang Xuelin smiled slightly and said: "Okay, then I'll talk about my views on the next few generations of communication technology, Internet technology I believe everyone has already understood, at present, in the United States, there have even begun to appear Internet companies that specialize in providing network media services, I invested in one some time ago." In fact, I believe that the prototype of the network is the connection of individual data terminals through copper and fiber optics for information exchange. On the basis of the second generation of communication technology, the future third generation of communication technology is to upgrade the mobile communication network to the mobile Internet, to achieve a wide range of data connections. At that time, every mobile phone will become a data terminal. From then on, no matter the ends of the earth, as long as there is a 3G signal, it can communicate with the world in real time, and the global information can be seen at a glance. ”
"As for the fourth generation of mobile communication technology, it will give us media freedom. Media here is a verb, that is, the meaning of disseminating multimedia information. In fact, the emergence of 3G technology and mobile Internet has made it possible to disseminate multimedia, but unfortunately the bandwidth is still a little smaller, so there is more than enough power. In the era of 4G technology, with sufficient bandwidth and universal high-speed data connection, multimedia services have developed along the way, whether it is online video, sharing selfies, or live broadcasts and short videos, 4G technology has brought us into the colorful all-media era. In the 4G era, as long as there is a 4G signal, it can be seen by the whole world in real time. ”
"Theoretically, in the 4G era, we can send and receive information anytime and anywhere, and everyone's expectations for communication have been realized, so in the 5G era, what else do we need 5G for? It's called what you see is what you get. What you see is what you get in communication technology, and the so-called "get" is remote control, that is, remote control, or remote control. Remote control realizes the closed loop of information processing, from obtaining information to completing processing, in one go. As long as there is a 5G signal, we can control remote equipment in real time, and at that time, the Internet of Things, unmanned cars, and automated and intelligent production of large machines will become possible......"
Pang Xuelin's tone was unhurried, but everyone in the conference room couldn't take their eyes off it.
Pang Xuelin's generational division of communication technology makes everyone feel unreal, especially when it comes to 4G and 5G, it seems to have come to a science fiction era.