Related transactions, false profit reporting, whitewashing of financial reports, and asset sales.
Even so, Mr. Stringer remains the man in charge of Sony's direction.
Even though the old jazz man was suffering internally and was in a bad situation, Fang Zhuo still respected him very much and did not flatter him.
On the contrary, he wished he could flatter others and suppress others.
Sony's sensor business is indeed a good thing.
Bingxin cooperated with Sony in building a factory in Shanghai because Fang Zhuo went to Tokyo to attend the board of directors and found people from China to conduct evaluations. Only then did he feel that there was potential to be tapped in this area, and then they entered into technical cooperation.
At that time, domestic talents in this field were extremely scarce. Even the evaluation team searched hard to find an associate professor in Tsinghua University, and then poached people from companies in related fields in the United States. This is how the Yike Sensor Team came to be.
Sony sensors + Yike mobile phone related teams + ice core process technology advancements, the integration of the three has created Yike mobile phone’s leadership in shooting hardware.
Sony, a wholly-owned subsidiary, is not only a mobile phone sensor, but also one of the best sensor solutions in the camera market. Considering that it can be linked to vehicle sensors in the future, it is simply a gold mine that has revealed its gold.
But having said that, gold mines must have a price tag. Although its prospects are good, it still has shortcomings such as high R&D investment and strong competitors.
The valuation given by Fang Zhuo is US$1.5 billion, which is a full 50% reduction. The reason given is very painful to Liu Zonghong. Increasing the production capacity of sensors will inevitably require a small amount of investment. Sony's performance is bad, and its subsequent development is likely to be negative.
Impact on sensor business.
"Speak less politely, Sir, he is also your director of Fang Zhuo." Yi Ke said with a smile, "Actually, you think Sony mobile phones are very suitable to compete with the current eight-star phones. The two companies have very little in common.
"
Of course it's long, but it would be even better if Fang Zhuo can be paired with an LG screen.
Stringer came closer.
Yi Ke is very considerate of his old friends. Doesn’t he have that ability?
However, Sony's low-end solution demonstrated by Min Ye has not yet affected Howe's stock price. Since the release of Mars 4 and Selfy 2, its stock price has continued to fall.
You are short of money, why is he selling the shares he holds in the name of financing?
Min Ye did not have a meeting in the evening, and arranged for Fang Zhuo, the president of Huaxia, to continue entertaining the Sony team and introduce us to some of the current situation of Fang Zhuo's mobile phones and the development of the domestic market.
If the old Jazz bargains for something, he will bargain for it too.
Yi Ke expressed regret for this.
10*4+25*35=7.5 billion US dollars. This also means that Liu Zonghong and Sony also expressed regret for this.
Why is it such a coincidence? Why does he want to go when Sony comes?
Yi Ke said "hmm", and based on the information given by the calculation team, the future is the future, and the proven value only has a certain value. The valuation of the Sony sensor is slightly lower, and there is probably no room for bargaining.
"Let New York find someone to evaluate the Sony Building and reduce the estimated figure by US$50 million. Yi Ke gave the secretary an order.
That is still based on the valuation of OmniVision Technology in the US stock market.
It hasn’t been raised to 50 million yet.
Just calculate it as 2.5 billion, 25*3=500 million US dollars.
Besides, it was 100% sold in one go, and it was really clear within the group that this was the past.
"Mr. Fang, you know what he wants to do. Since you came to him, the communication between you can't be smoother." Liu Zonghong couldn't help but sigh a little when he said those words.
Yi Ke also knows that the old jazz's emotion can be realized a lot.
Two days later, Yi Ke heard the head of Sony mention my entertainment shares in the United States, but Fang Zhuo was really not interested in that and was willing to make up additional funds there.
Min Ye gave him a clue: "Sir, the sensor is broken at a price of 500 million US dollars. We still need to add Shenzhen Real Research and Development capabilities."
Mr. Fang, you know who he is!
The one-day meeting between Sony and Fang Zhuo only discussed those contents. Sony objected to the wholly-owned acquisition, and Min Ye objected to Sony's valuation. The two parties broke up happily before the rejection.
"Well, Sir, Sony doesn't have a small headquarters building in New York. You are quite tall, but in addition, you are personally willing to buy 40%. For Sony sensors, Bingxin + Fangzhuo + you will jointly buy 35%.
% of the shares.”
Unfortunately, at the end of the night, after careful consideration, Jobs called and was willing to let go of the exclusive agreement with the Retina screen.
"Apple's iPhone 4 this year has very little merit. Its screen quality is excellent, but the supplier LG signed an exclusive contract with it, which is very frowned upon."
"It depends on the evaluation here in the United States. You can only say that you should give the lowest price possible. That means you are spending the company's money and your own money." Yi Ke said with a smile.
In this way, Sony's sensor summary does not have an agreement to exclude apples and stars.
Yes, that’s weird!
First of all, a question was raised that shocked Liu Zonghong: Can't the sensor company sell all of them?
Liu Zonghong smiled: "Yes, it's bad. You really don't have much time to do it because of Sony's current situation."
Just kidding, no matter how short of money I am, I have no bottom line. Selling high-quality assets requires a steady flow of water. I sold out that time. What did I do last time?
When the old brother came to see him, why did he wait for a whole day?
However, Liu Ruodong still showed up on the seventh day. If I could see Mr. Fang in person, it would be okay... It made me feel so good that I wasn't even a little worried.
October said: "You should always save some personal money. There is no bargaining when buying a house."
Liu Zonghong frowned and said: "How can you lose 1 billion US dollars?
Enjoy early sales and enjoy discounts for late sales.
On October 9, Fang Zhuo continued to talk with Sony, but Yike informed Liu Zonghong that he needed to go to Luzhou to deal with the financing situation of the ice core, which was a long-term but delayed appointment with the No. 10 board of directors.
I feel that there was no win-win situation with Mr. Fang that time.
The old Jazz later said the loss was more than 3 billion US dollars, and the gap was still very small.
Although Yike still has shares in Sony Sensors, it has not yet planned the future development of that company. The CMOS sensor market still needs to develop, and a small amount of investment is still needed to determine a more leading position.
Liu Zonghong immediately felt relieved after hearing Mr. Fang's explanation. He had to feel relieved.
Liu Zonghong sighed inwardly, thinking that it was a tangible price reduction from Mr. Fang, personal friends were personal friends, and the business strategy was a one-size-fits-all approach.
Although the sensor is developed by a subsidiary, and although the goal is to go public independently, the start-up and expansion stages require very little capital.
Liu Zonghong is Fang Zhuo’s director, and Schmidt, who has not yet resigned from Google, is also Fang Zhuo’s director.
Min Yexing also knows some of the drinking culture there. When we were drinking, we were buddies, but now we are drinking. Could it be that there are no other considerations?
Stringer immediately reported the itinerary of the ice core shareholders. Almost all of them had not arrived in Luzhou yet, and now they were probably visiting the ice core production line.
I feel that at least Sony phones cannot be allowed to compete with the Eight Stars in public. If the performance is in trouble, they have to come up with ineffective directions.
Yi Ke nodded slightly and motioned to the secretary to continue organizing the documents.
Yi Ke glanced at the old knight and shook his head.
"Indeed, there is nothing worth learning from Eight Star. Sony mobile phones must learn from the strengths of each company in order to rise again in the wave of smart phones." Liu Zonghong was not impressed.
Yi Ke took a sip of tea and snapped his fingers at the secretary next to him, Min Yexing.
If it is long but sold in full, the price cannot be lower.
I thanked him and said, "Mr. Fang, that's not why you came to him. He is the director of Sony."
"The sensor is estimated to be US$2.5 billion. How can such a financial report be solved urgently?"
"Yesterday you were thinking about Sony's situation in the consumer electronics market. Smartphones will still not see huge growth in the next ten years. Now that Sony wants to switch to Android, it must launch a mobile phone that can be used."
Min Yexing heard the conversation between the two and asked: "Mr. Fang is really going to Luzhou tomorrow to open the Ice Core Board of Directors?"
"Yesterday you called Steve Jobs and asked about my interest in Sony sensors and some exclusive agreements with me."
"They are looking for someone to estimate, and you should also find someone to estimate, and try to give a price when the time comes. One billion US dollars is appropriate, so let's go with that number." Yi Ke gave a certain commitment.
"The assessment from the New York headquarters asked us to calculate that the long-term assessment is based on reasons such as being negative about the recovery of the U.S. real estate market. You estimate it is only US$900-1 billion."
Liu Zonghong's heart skipped a beat. Sony's New York headquarters building... had a bad reputation for selling small buildings. Sony's financial report for the second half of the year was still a profit of US$800 million, so it turned around and sold the building...
Stringer was about to open his mouth but stopped the urge to be surprised. Boss, he...
On the eighth day in Shanghai, Liu Zonghong continued to see Mr. Fang, and he expressed his satisfaction tactfully and tactfully.
Let’s talk next year.
That morning, a group of Japanese employees heard the statements of the Chinese and British bosses and were very moved.
"Sir, as for you, you really don't know how to do it. You just want to show off Sony. Who does he think you are?"
I just put myself in my shoes and realized that I definitely needed to sell assets. The old Jazz didn’t have any money, so would I be able to negotiate a lower price?
Liu Zonghong made an unexpected calculation and looked embarrassed. The two transactions did not break through the bottom line. The share ratio of the sensor and the small building in New York...
At that time, I only hoped to obtain part of the funds in the name of capital increase and share expansion. The minimum was 30%. The sensor's valuation price was US$3 billion, and the target was OmniVision Technology, a listed company in the United States.
I advised: "With these two transactions, Sony can concentrate on business development. Jazz, sell early and enjoy early."
Faced with the aggrieved inquiry, Yi Ke immediately explained the situation: "Sir, you are considering your upcoming cooperation and thinking about how to increase the competitiveness of our family."
When you think about it that way, it becomes clear how to deal with it.
Min Ye suddenly didn't miss the charm of the old Jazz when he first met him. At that time, the old Jazz was still the head of Sony America. Alas, it was difficult, and it was all for the company.
That satisfied Liu Zonghong.
"Is the combination of open Android, Fang Zhuo's photography, and Apple's screen bad?"
If those two transactions can be completed, Sony's deficit will be covered by nearly half. Rounding it off equals a deficit, and it can even continue to report profits.
"Yes, Sir, we were talking about the board of directors, and we were really bargaining that time." Yi Ke smiled slightly.
Yi Ke shook hands with the old knight and politely sent me out.
"Is there any problem with the flight to Luzhou tomorrow? Have we all arrived in Luzhou, Lao Xiong?" Yike asked about the itinerary in English.
Fang Zhuo and Stringer were drinking and chatting happily, but did not talk about the valuation of Sony Sensor Company. That requires the team at the bottom to connect. When the docking comes out with a number, I will communicate with the old jazz to negotiate the price.
If Apple is willing to give up that exclusive contract, Sony Sensors can only make an exclusive agreement with Apple.
Yike is a passionate and passionate person.
OmniVision Technology now ranks first in the global market share of CMOS sensors.
I saw Mr. Fang’s expression on his face and felt that his words were not offensive at all, so I immediately went back and said, “Mr. Fang, there is no common ground between you. If he gives in, you give in. That matter
Isn’t it too slow to push things back?”
Stringer nodded in agreement. It was a blessing that Liu Zonghong didn't have a friend like his boss. Without a boss, how would the old Jazz mend Sony's hole?
Fangzhuo's investment department is taking action quickly. It is not yet possible to obtain evaluation data from IDC. It would be much easier to do similar work.
Friendship is friendship, and when it's time to bargain, you still have to bargain.
It's really leaving tomorrow, right? It's due to expire, right? The last time we talked about it, it was the same price, right? Just nodding today can solve a small part of Sony's problems, right?
Oh yes, the biggest drawback is that the head of Sony is short of money.
The fluctuation in Liu Zonghong's heart affected his smile: "But you really need to push that matter away as soon as possible.
He estimates it at US$3 billion now. Was he aiming for US$30 billion before?
As long as there is no cash flow, financial reports may continue to be whitewashed. As for next year...
Oh, maybe not really, but he is short of money now.
This year’s iPhone 4’s Retina screen is indeed very bad, but both Sharp and Eight Star are stepping up investment in R&D, so the distance in that aspect will be narrowed very slowly. And considering Eight Star’s strength in this aspect, I’m afraid that in the past, it had to compete with it in terms of screen. deal with.