Qimonda is in bad shape.
This is just a reflection of the bad situation in 2008.
Last year's subprime debt crisis had a great impact. Not only did the Federal Reserve frequently inject funds into the financial system to rescue the market, but central banks in Europe, Japan and other parts of the world were also trying their best to avoid the spread of the crisis.
However, this crisis still has a tendency to get worse.
Just after Fang Zhuo met Luo Jianhua, bad news struck again.
Citibank announced that it suffered a huge loss of US$9.83 billion in the fourth quarter of last year and will raise US$12.5 billion through public offerings and private placements.
Merrill Lynch announced a loss of US$9.8 billion in the fourth quarter of last year, suffering huge losses for two consecutive quarters.
The financial reports of the two giants greatly exceeded market expectations. Affected by this - the Dow Jones Industrial Average plummeted 306.95, the largest single-day decline this year, and the Standard & Poor's fell 2.91% to close at 1333.25, a new low in the past year.
, the Nasdaq also fell close to 2%.
The market sentiment is pessimistic. Authoritative rating agencies such as Moody's Investments and Standard & Poor's have announced that they will consider re-rating the current "AAA" bond insurers. Such news is tantamount to draining the bottom of the fire for financial institutions.
Under such a huge impact, Fang Zhuo originally thought that his small blow to Lehman was just a formality, so that everyone could end up relatively decent.
Unexpectedly, when he accidentally photographed documents while sharing his daily life on the social media platform Facebook, showing that he held a short position of US$160 million in Lehman, the fragile stock price of Lehman that was struggling to maintain suddenly collapsed.
37 US dollars broke through the round mark again without any suspense, closing at 28 US dollars.
The most important thing is that the head of Lehman has just reluctantly negotiated a financing agreement, hoping to relieve the financial difficulties and revitalize part of Lehman's commercial real estate.
As a result, the financing failed again due to Lehman's rapidly falling share price.
Fuld received the news one after another, and he was stunned for a while before angrily calling the instigator Fang Zhuo, but his words were still tough: "Fang Zhuo, just wait for the lawyer's letter! Also, you are using the Internet like this
The misleading information is waiting for the SEC!”
SEC is the United States Securities and Exchange Commission.
Fang Zhuo has been relatively immune to anger recently. Putting the basic situation here, Fuld's anger is not even comparable to that of the three-star prince that day. Lee Jae-yong still has a chance to beat himself in person. What does Fuld have?
"Pooh!"
Fang Zhuo was not afraid of this weak threat at all.
However, the next day, news really leaked from the SEC. The SEC was paying attention to the stock price changes caused by Fangzhuo's social media, and would consider whether it involved insider trading and whether it harmed the rights and interests of ordinary investors.
"Information leaked out", "may be", "censorship", such vague words and attitudes did not make Fang Zhuo listen to the wind and rain. The SEC does have great power, but when it comes to such things, it does not have so much power over a rich man.
Strong deterrence.
At night alone, Fang Zhuo directly posted photos of a group of smiling lawyers and file information that he had deleted earlier.
"I received a call from Fuld. I was very surprised. He accused me of releasing misleading information. Now, I need to clarify that I do hold a short position of $160 million. I hope Fuld did not read it wrong. .”
Immediately, Fang Zhuo complained again: "But I don't even hold the largest short position. Fuld and Lehman are the ones who should reflect. They must understand in time that their actions are really hurting ordinary investors." . ”
He wasn't lying. He wasn't the only one shorting Lehman.
Not just a Wall Street giant like Lehman, there are many people fishing in troubled waters in the entire volatile financial market, digging for benefits and chasing profits.
As the U.S. stock market was closed for two days, there was no immediate response.
However, comments on Fangzhuo's social media are very active, including some online financial channels that have begun to discuss Lehman's situation again.
Before the scheduled media interviews and interactions could be conducted, Fuld had to make a careful call to Mr. Fang after careful consideration. He even quoted an Eastern saying from this season.
"Why do you need to shout and kill when you are celebrating the New Year?"
"Lehman is close to reaching the credit financing, which will divest some of the non-performing businesses in commercial real estate and will gradually improve the current situation."
Fuld spoke sincerely and talked about practical benefits.
Fang Zhuo feels that he should be investigated by the SEC.
If you are celebrating the Chinese New Year, don’t hit the smiling person with your hand.
This time he didn't yell at the other party. After listening for a while, he hung up the phone without expressing his opinion.
Fuld didn't know what emotion this meant. He thought about it, but he still thought that Mr. Fang might still have some good oriental virtues in his heart. So, he took the documents and went to the door in person to plead guilty.
Lehman has been looking for money from last year to this year. Fuld's so-called financing information is not really implemented, but it is easy to cause a chain reaction.
In front of Fang Zhuo, he stated conclusively that Lehman would soon see improvements.
Fang Zhuo once again faced the burden of asking for forgiveness, and once again gave in softly.
Not easy, not easy at all.
Fuld was almost in tears, so why bother pushing him so hard?
He even showed off his newly purchased Mars mobile phone.
This is also a customer of Yike.
"I have no hostility towards Lehman, but objectively speaking, you have messed everything up." Fang Zhuo softened his attitude, "The financial market is not good, and my funds are also cautious. Short selling is not a method I like to use. .”
Fuld believed it and had no choice but to believe it.
In fact, Mr. Fang was right, it was Lehman himself who messed up the matter.
Now these compromises are the price that must be paid.
"Since Lehman is working hard to improve..." Fang Zhuo pondered.
Fuld has been in the habit of being low-key recently, and immediately said sincerely: "Lehman has not shorted Yike for a long time. It was a pure misunderstanding. I like Yike's Mars very much. It is the best touch screen on the planet."
I think smartphones are easier to use than Nokia."
Fang Zhuo nodded slowly and stretched out his right hand: "I am very happy to see Lehman's efforts to stabilize the U.S. market."
Fuld stretched out his hands: "On behalf of Lehman, I would like to thank Mr. Fang for his understanding."
Fang Zhuo understood. Not only did he understand, he also took a selfie of the two of them in the office with his mobile phone.
The release of the photo also represents a reconciliation between him and Lehman.
Fang Zhuo wrote on social media - Let everything get better from now on.
Fuld followed up with a comment: Yike's great products inspire me to move forward. There is a lot of room for cooperation between Lehman and Yike. Mr. Fang and I are also friends who often hold different opinions.
No one would believe that friends would take a short position like that, but Fuld's obviously low profile has some symbolic meaning.
These alone were not enough. Fang Zhuo did not refuse exclusive interviews with the media. He also talked about the success of Mars, the future development of the mobile phone industry, and also responded positively to the matter between him and Lehman.
"It's all over."
"Ford is a good man."
"I have no ill will toward Lehman."
"I believe financial markets will see stability."
"It's Over", "Good Guys", "No Malice" and "Welcome Stability".
Fang Zhuo naturally revealed his main focus as an entrepreneur: "The Lehman incident does not bother me. I have noticed the new phone plans of many mobile phone manufacturers. This is what attracts my attention the most."
"I am a person who likes challenges, and this year will be a year full of competition and changes."
"I am looking forward to the changes made by Nokia, Samsung, Apple, Sony Ericsson and other friendly companies because of Mars, and I also hope that Mars will gain healthy competition."
With Fang Zhuo's remarks, he embarked on a flight back to China.
Along with his return to China, Apple first provided healthy competition and formally appealed for the invalidity of three touch screen patents of Yike.
This chapter has been completed!