351 Frustration of self-developed technology
Microsoft's future is unlimited, and it's good to start now, but even if you can't, it doesn't really matter, and when Paul Allen is diagnosed with cancer next year, a lot of money will be needed to treat it, which is an opportunity to buy the shares in the other party's hands, and another one, is to wait until Microsoft goes public.
Microsoft began to dominate the world in the mid-90s, and when it was just listed, its market value was only a few hundred million dollars, and it was a big deal to take tens of millions of dollars to acquire it on the stock market, but the acquisition on the stock market is always limited, and it is better to be able to advance or advance.
In the next few days, after Chen Zhiwen traveled around Washington State, news came from Microsoft's top management that Bill Gates and others agreed to accept the investment, but only 7.5%.
In this regard, Chen Zhiwen also agreed, first get your hands and then say, it wants 10%, which also belongs to the space that can be bargained, now Microsoft, the business has developed normally, not the kind of company that has just been established, it is impossible to sell a considerable share of the stock, if it is not for the great value of the United States itself and the fact that he also proposed a generous amount of low-interest loans, otherwise ordinary investors will not have a chance at all.
The contract between the two parties was drafted by a team of professional lawyers, and then the two parties signed a cooperation agreement, which was personally invested by Midea's Hong Kong head office to obtain a 5% stake in Microsoft, and at the same time gave an interest-free loan of $10 million to help Microsoft carry out new research and development, and, to a certain extent, Microsoft and Midea will also license or swap many patents in the future, similar to the previous cooperation between Midea and Apple.
After reaching the cooperation, Chen Zhiwen hosted a banquet for the entire Microsoft executive at the local Intercontinental Hotel to celebrate.
The next day, Chen Zhiwen left a team of Midea to communicate with Microsoft about the feasibility of technical cooperation, and then went to Detroit, the city of automobiles.
Naturally, the senior management of AMC came to pick up the airport, CEO Jim Hughes and Vice President Gu Dehua came in person. The group soon arrived at AMC's headquarters.
After arriving at Chen Zhiwen's office, the blonde secretary served coffee to several people.
After taking a sip, Chen Zhiwen said: "Just on the road, I saw a lot of special trucks transporting cars, and recently, Detroit's auto industry has begun to recover?" ”
"Yes, the oil crisis is finally over, oil prices are starting to come down, and although it is just beginning, the confidence of the automotive industry has returned." Gu Dehua nodded and said.
"Well, the price of oil has dropped, we have also obtained some of Chrysler's technology and 330 automobile terminal retail stores, and our cars can finally be sold normally." Chen Zhiwen smiled and said.
Everything is in the plan, after AMC and Chrysler discussed the purchase of technology patents, Chen Zhiwen entrusted Morgan Stanley to quickly acquire Chrysler's 330 sales stores, and because it was at the peak of oil prices at that time, Chrysler's pressure was very great, the original value of 300 million US dollars of these stores, and finally sold for 278 million US dollars, at the same time, at the request of Chrysler CEO Lee Iacocca, Chen Zhiwen also invested 300 million US dollars in Chrysler Corporation, obtained 11% shares.
However, this is just a pure economic investment, for this kind of car giant involving millions of dollars in the United States, he does not need to really involve himself, after two years, oil prices plummeted, American consumers will fall in love with large cars, plus Lee Iacocca itself is very capable, Chrysler will also come back to life, when the time comes, can get several times the income on stocks, this is enough.
"Yes, judging from the terminal data, the sales of jeeps have begun to recover recently, but AMC's normal sedan is only slightly better than before." Gu Dehua said.
"Normal, no matter what the oil price is, AMC sedan is taking the fuel-saving route, but it is not the opponent of Japanese cars, and now it can still survive, and in two years Toyota will invest in the United States to build a factory, that is the real trouble." Chen Zhiwen nodded and said.
Before there were no Japanese cars, AMC was staggered by the fuel-efficient route to stagger the competition of the Big Three, but when the Japanese cars began to enter the American market, no matter whether the oil price was high or low, AMC took the same route with Japanese cars but could not compete, it was destined to face huge pressure, in the original history, it was the French Renault car company that acquired AMC, but after a few years of support, there was still no way, so it could only be sold to Chrysler.
"It's a big problem, but we don't seem to be able to do much about it for the time being." Gu Dehua also said with some concern.
"The only way is turbocharging technology, once this technology can be used in the car, it must be able to ensure the same power, the use of a smaller engine, but also reduce fuel consumption." Chen Zhiwen said: "The R&D team of turbocharging has been established, right? What's the recent progress? ”
"It's been three months since it was established, and recently we have made a finished product in the laboratory, but it is still not good in terms of materials, the life is too short, and various extreme tests cannot withstand it." Gu Dehua said.
"In terms of materials, can't you purchase them directly from other companies?" Chen Zhiwen asked.
"Our team researched companies around the world that might own patents for the material, and finally found GE, but people didn't seem to like us and didn't want to work with us, and we didn't even get a sample of the material." Gu Dehua said.
"What material? Isn't it okay to buy finished products directly from the market? Chen Zhiwen asked.
"No, because this material is used in aero engines, it is specially heat-resistant and wear-resistant, and it is basically not used in other places, so we contacted the aviation department of General Electric, but they were unwilling to give us samples. At present, we are still entrusting the relationship to see if we can get samples to test them first, and then find a way to cooperate if we can. Gu Dehua said.
"Turbochargers do work in high-temperature environments, and the general industry really doesn't necessarily have this material, but it's not just General Electric that can build aero engines in the world, right? Can you find another company? Chen Zhiwen asked.
"I have asked, in fact, there are only a few companies in the world that can build high-end aero engines, and on the European side are Rolls-Royce in the United Kingdom and Dassault in France, and these two companies are even more reluctant to give us this kind of material." Gu Dehua said.
"Also, we don't have a good relationship with Europe on the other side." Chen Zhiwen nodded and said: "That's it, spend more money, find a way to get samples to test first, if it can really meet our requirements, and then we will come forward to contact General Electric."
GE's aviation division is also R&D, design and assembly, even if high-performance materials are developed by them, but they certainly do not produce them themselves. ”
"Okay." Gu Dehua nodded and said: "Actually, we are almost walking this road, many large steel mills in the United States have been consulted by us, and they do not have this material, I estimate that it is either produced overseas or produced by a small professional steel mill." ”
"Okay, I have definite news to tell me that a company like General Electric has a strong technical background, and it is also beneficial for us to cooperate with them, and I also have plans in this regard, which is just a one-time solution." Chen Zhiwen nodded and said.
(End of chapter)