Chapter 102: How Much Did You Earn?
The Texas Instruments board's response came quickly.
As a well-established semiconductor company with deep pockets, Deyi is happy to invest in Xinghai, an enterprise with technical strength and development potential, not to mention that this enterprise is a sister relationship with Yuanxin, which continues to create miracles.
Therefore, a third-party appraisal agency composed of professional firms and banks also came quickly.
......
Then Su Yuanshan was so angry that he vomited blood.
"Is this group of people stupid? A growing tech company that doesn't look at the technical strength and the technical prospects, what can they see just by looking at the financial reports?"
Looking at the current valuation of one billion US dollars given to Xinghai, not only Su Yuanshan, but everyone in Xinghai was speechless for a while.
Thanks to the cash flow brought by Yuanxin EDA, Xinghai's development is faster. And within a year, it has customer management software and cordless phones, two products that have almost no rivals at present.
Both products have only been on the market for less than a month, but thanks to the communication market channels brought by Carly, the cordless phone has already received a pre-order for one million units.
On the side of customer management software, Su Yuanshan has also won orders from Microsoft and AMD under Su Yuanshan's continuous visits in the past week, and even HP is very face-saving, and pays happily after Xinghai gives a preferential price.
Winning these giants means that CRM has the potential to become a hegemon, and the market of hundreds of millions of dollars in the future will not be done casually?
If you have to talk about turnover, take cordless phones as an example, just one million orders have exceeded 400 million.
That's it, but only a billion dollar valuation is given!
"It's a bit excessive. Carly dropped her pen, but she laughed, "But I've heard that Cyrix is also arguing about how much their patents are worth...... And then the appraisal agency over there said I don't care how much your thing is worth, I just know that your business is worthless now, and Klaus vomited blood. ”
Hearing this, Su Yuanshan felt much better, shook his head and smiled: "This is a typical Wall Street style, discriminating against us non-listed companies. ”
Qin Si interjected: "To be precise, it is the old-school capitalists who can't keep up with the trend and thinking of scientific and technological development, and they prefer to use the market to test enterprises. ”
Yang Yiwen said with a smile: "It's the capitalist who can't wait to buy your company by throwing two of them." ”
Su Yuanshan laughed: "You guys summed it up accurately, okay, asset appraisal is just a psychological bottom line for the other side, in the final analysis, it still depends on us to talk." ”
Carly nodded: "That's right, in fact, as long as TI has a strong willingness to cooperate, everything can be discussed." After all, we are both professional technology companies and understand each other's market prospects better. ”
Saying that, Carly looked at Su Yuanshan again: "I heard that when you talked about cooperation with Sony last time, you ran away while talking?"
"Uh...... Not this time, this time it's money. Su Yuanshan was embarrassed: "Don't worry, when you need me, as long as you look at me, I will understand immediately." ”
Everyone laughed and continued to sort out their own advantages.
After all, the value of a technology company cannot be measured by the existing market.
*
Deyi's negotiation team came quickly, and after getting the valuation report, the negotiators led by President Vincenti rushed to Silicon Valley, and after only a day of rest for a visit, the two sides sat down at the negotiation table.
As Su Yuanshan said, this time is not cooperation, it is a buyer and seller, and if either party relents, the money is gone. Therefore, compared to the negotiations with Sony, this time it is obviously too much saber-rattling.
On the first day, Deyi directly took the valuation report to talk about things. Of course, this was vetoed by Carly, saying that if you want to do this, then we will directly say that it is profitable - Xinghai's net profit this quarter can be 100 million US dollars, how many of you have?
As a veteran listed company with a market value of $50 billion, Deyi has been investing in factories uninterruptedly in recent years, coupled with a small downturn in the semiconductor industry last year, to say profitable...... Not much.
Su Yuanshan listened to it on the side.
He came to the negotiations purely with a learning attitude.
But Carly's sharp teeth and sharp mouth, he probably can't learn it - this is a natural instinct of women. Didn't Confucius say that there is nothing in the world that is difficult to raise?
The first day ended without any progress, and of course, in the evening, everyone was in harmony again, and even had a small party.
The next day, the two sides continued to argue and touch each other's bottom line.
For Carly, as the president and CEO, as well as the future chairman, she certainly can't give up Xinghai's interests easily. For Vincenti, he also represents the shareholder of Deyi, even if he is willing to invest in Xinghai, there is a bottom line.
......
"To sum it up. Carly rolled up her sleeves and tapped her pen, a smile on her lips.
"I carefully analyzed their financial reports, and Deyi has run out of money recently. ”
"Of course, no money is relative. They're about to launch a new fab in Singapore, with an investment of almost a billion. Then there will be less to give to us. Carly looked at Su Yuanshan and said, "Can you accept Deyi's stock here?"
Su Yuanshan pondered: "Cash is definitely the best." Because Cyrix probably also needs our cash acquisition, and with the divestment of the EDA business, Xinghai also needs money......"
"Hmm. Carly gritted her teeth and nodded, "Yes, I know you still want to build a fab, right?
Burst...... Su Yuanshan couldn't hold back.
"I want to build a fab, but I don't want to build it in Silicon Valley. There are dozens of wafer factories here, and I built them just as cannon fodder. Su Yuanshan put down the coffee and said with a smile: "Carly, you know, we have developed so far, and it is really not just because of technology. It's more about thinking in the long run. ”
"The market of 1.2 billion people is waiting to be fed, and whoever gives up is stupid. So I'm going to build, and I'm going to build it in the country. ”
Carly groaned, and after a moment, continued, "It's not realistic to build on the mainland now, I've been in charge of the export of Bell Labs and your Huajing. The bottom line of the above policy is well understood - at present, it can only output a maximum of eight inches of 0.8 micron process, but the process has generally exceeded 0.35 microns. If you wait, you can get 0.5 microns. ”
Su Yuanshan spread his hands: "Look, if it is built, it will be two generations behind, and other companies will be forgotten, as the boss of Xinghai and a close partner of Yuanxin, can you bear this?"
Carly smiled: "Then it's better to take the money, after all, we are also about to build an R&D center." Nowadays, the price of Silicon Valley land is one day a day, and it is unbearable to continue to rise. ”
"Yes, cash is best. ”
Su Yuanshan replied with a smile.
Not only will the R&D center be built here, but the building on the Yuanxin side will also be completed and renovated, and then four R&D centers will be established immediately.
It is cheap for the mainland to acquire land and build buildings, but R&D centers and laboratories are not cheap.