.9ooo2423 Chapter 884 The arrival of the Internet low point early

The Nesfark index plummeted today, but it was suddenly coming to Danyuzhou and was surging.

This made many people fall into panic. Many people on Wall Street were confused. They don’t know what happened, which actually caused the Nasdaq to enter such a crazy plunge, without showing any signs.

Faced with the sudden problem, the experts were stunned for a moment, and Zhangqi had not been able to withstand such a test, and could not help but turn her gaze for help to Fan Wubing. The "Little" singing segmentation said, "The House" Fan Wubing received Zhangqi's message and scratched her head. Although she was a little ungraceful, it made the audience feel more intimate. He organized some of the words and then said, "In fact, when the Nasdaq Index reached the 5,000-point mark this year, there was a part of the gold.

Rong analysts calmly saw the bubble in high-tech stocks. But this bubble is getting bigger and bigger. Because the speculative taste of the Nasdaq Index is very strong, there are many people who are speculating until it is completely out of reality. At present, the average price-to-earnings ratio of the Nasdaq Index is as high as 800 times, and the sharp rise in the price-to-earnings ratio means that when listed companies are making money, the stock price has risen relatively. Federal Reserve Chairman Greenspan has also pointed out many times that one day the Nasdaq Index fell sharply from its peak, which is expected. Small.

After he talked and said, several experts finally came to their senses and joined the discussion. The original discussion about the Internet cafe industry was immediately put aside, and everyone was discussing a question. Is it a temporary or a beginning when the Nasdaq plummet? Where is the depth of this decline?

"After the longest economic growth period in history, the reason why foreign capital continues to flow into the United States has gradually decreased. On the contrary, some investments have been profit-taking in the past. The incentives for transferring funds from the United States to other regions to find opportunities are getting bigger and bigger. If a new round of capital flow is formed, it is not uncommon for the Nasdaq index to fall by one-quarter or even half from its high level." Fan Wubing is also quite sure of this.

"Does Mr. Fan think the Nasdaq will fall below 2,500 points? Some people think Fan Wubing's expectations seem a bit too powerful.

"No. My prediction is that after a storm, the Nasdaq will fall below two thousand points." Fan Wubing replied with a smile.

Listening to Fan Wubing laughing at the bottom line of Nasdaq here, people can't help but think of when Nasdaq climbing the 5,000 mark. Some people even think that Nasdaq has the hope of climbing the 10,000 mark in the near future, and even crossing the Dow Jones Index.

What's more, some people calculated based on the annual growth rate of the Nasdaq Index at that time, and in less than a few months, the Nasdaq Index could surpass the Dow Jones Index and exceeded 16,000 points a year later. These comments now seem ridiculous, and they also truly reflect people's enthusiasm for high-tech stocks.

Fan Wubing said a little in the complex expressions of the crowd, "High-tech does have an attractive side. It is the endless new technologies and high-tech that make people's lives change with each passing day. When it brings happiness to mankind, it also brings huge wealth to the companies that own it. However, the stock market that has risen and fallen rich tells people a truth: only when this happiness becomes real, the wealth of the company can be real. Just relying on enthusiasm and pursuit, bubbles will always be bubbles. Small.

In the next few days, everyone was attracted by the continued decline of the Nasdaq index.

Fan Wubing himself knew very well that such a decline was just a beginning and furious.

Within less than half a year, the U.S. Nasdaq stock market, which had been soaring proudly, suddenly turned around and fell without warning. The comprehensive index recommended to drop from the highest 5,100 points in half a year. The market value of more than US$8 trillion has been evaporated, and this value has exceeded the annual income of any country in the world except the United States.

In the United States Online alone, Times Warner will lose more than $100 billion in book assets, and almost all well-known Internet companies have suffered a heavy blow. Cisco's market value will also drop by 70%, while Yahoo's market value will drop by 90%, and Amazon is no exception.

With the bursting of the global Internet bubble, several Chinese companies listed in the United States were not spared. Sina's stock price fell to a low of 1 damage to the US dollar, Sohu fell to cents, and NetEase was even worse. Its stock price was only traded cents at one time.

The young Chinese Internet economy has entered a trough of disillusionment early. In the future, this may be a necessary pain. The buds that have just grown can only mature after experiencing a test of frost.

Fan Wubing has never thought that bad news when the stock market plummeted. In fact, he has been preparing for the arrival of this day for a long time. Except for some stocks in key industries that must be retained, most of the stocks have been sold before Christmas. At this time, the main task of the headquarters at Shuoshen is not to do anything else. Instead, he should count the small returns in the near future and consider how to invest this part of the new funds into various industries to obtain greater benefits.

In recent days, the myth that the media has been promoting the Internet economy has been shattered. The implication is that it is not without gloating about the plunge of the US Nasdaq. In fact, since the embassy was bombed, the Chinese people's mentality has always been happy about the beauty.

The so-called myth of the Internet economy refers to the rapid development of high-tech industries in the US county stock market. Many Internet companies have gone public and made huge profits by trading initial stocks. In less than two years, the Nasdaq index soared from two thousand points to five thousand points.

At this time, when the stock market bubble burst, huge wealth evaporated, and Internet companies closed down and lay off employees. The so-called Internet companies' "lossessions also develop new economy and changed economic laws" were also shattered.

However, if you look at the overall situation, you will find that things are more complicated.

The bursting bubble is the website companies in the stock market and small companies that have not yet been listed, and venture capital has shifted. Product sales have declined, but the Internet economy, including semiconductors, computers, infrastructure, software and other industries, has not suffered major damage in the fundamentals.

Large companies such as Microsoft and Intel are still making profits, with stock prices rising, new technologies being promoted and applied, new products being launched, online shopping volume is increasing, and web pages and netizens continue to increase.

The temporary decline of the Internet economy is just a round of fluctuations caused by the cyclical trough of capital investment under high-tech conditions. In the United States, companies are about to get out of the trough through mergers, layoffs, and import reductions, and have quickly transferred the crisis to Asia in part.

China's computer hardware production has accounted for one-third of the world. At this time, it will inevitably be affected by this round of fluctuations. The operating income of semiconductors, including the production of microprocessors, and the operating income of memory chip 1 semiconductors has been declining.

The increase in mobile phone sales is mainly due to the increase in network infrastructure network equipment company Cisco, a network infrastructure network equipment company in the Chinese market, also saw a record of losses in the second quarter in eleven years. The fiber optic cables manufactured by Corning and other companies have also surged due to oversupply of supply.

In the context of the entire economic recession, software sales performance is no longer as good as in previous years. Taking Microsoft's window operating system as an example, it is mostly sold in bundled with other products, and sales have been greatly affected due to security vulnerabilities.

The rise in the stock market directly restricts the rise and fall of the industry. Many online companies in the United States are built by injecting venture capital. The Nasdaq stock market allows such companies to take action before they obtain their first income. During the period of stock technology, huge capital rushes to buy a few stocks, greatly raising the stock price, and bubbles are born.

For example, Alibaba's stocks that design commercial trading software rose in 6 months and led to negative results, from ten thousand dollars to ten thousand dollars. Now their stock prices have fallen sharply by 98%, becoming about four dollars. Some website companies simply went bankrupt and dissolved.

During the bubble period of the Internet company, many website operators rushed to make a lot of money in the first place, but these companies actually did not have much operating income, no commendable performance, and no profit. They expanded their scale by getting capital from the stock market and advertised a lot. Once, the weird theory that the more losses they lost, the more promising it will be. Of course, this kind of violation of economic laws will not last.

Due to the sharp drop in the Nasdaq index this year, the stock market closed the door to network companies. Companies that can gain a foothold in the market are all semiconductors, computers, storages, infrastructures, security, and business mergers in the industry. The company's bankruptcy is not due to fierce competition, but because venture investors' hopes of investing in network companies have disappeared. They suddenly closed the door to startups that urgently need funds. This is the main reason why many network companies have closed down.

Amid the sound of bankruptcy, industry mergers and acquisitions have surged, and old-fashioned large companies, including Microsoft, have joined the acquisition ranks. They do not want websites, but acquire assets that they like to build the network in the future, such as digital management tools, security measures for computer virus management, tracking hackers, mobile Internet access, commercial operation software, customer relationship management software, etc., which are attractive to buyers.

In fact, the buyer's news also reveals the future uses of the Internet. The industry is directly restricted by the stock market. It can be said that success and failure are the stock market. The useful survive, and the unfit are eliminated.

The top priority that Fan Wubing has to do is naturally to acquire Internet companies. This time he is still targeting circulating shares in the stock market. This part is cheap, free to come and go, and there is no burden. Of course, he is not in a hurry. Anyway, the decline of the Nasdaq index is just a leader. Just ask the headquarters to make a plan and complete the task step by step. "Little "Ying Dian Divide" said that Yin Dian's advertising "house" actually makes Fan Wubing feel a little distressed, but Cisco is the part of Cisco.

Although Fan Wubing also wanted to release some of Cisco's outstanding shares and then waited for the stock price to fall and repurchase it at a low price, it seems that everyone is very interested in this communication equipment manufacturer. After only releasing a small number of stocks, more than a dozen strategic acquirers appeared in the market, which made Fan Wubing's subordinates feel fear and dare not act rashly again.

move.

After learning about this situation, Fan Wubing was helpless. After all, everyone can take a fancy to good companies. If he really wants to sell control of Cisco, I believe that many people will rush over to break the head for it.

The Spring Festival is coming soon, and there will inevitably be another busy life.

However, Fan Wubing is more concerned about the construction of Huafeng.com. At present, all physical industries are basically on the right track. Even for large aircraft projects, the intense design and site construction work have begun. Fan Wubing has no time to do anything. Therefore, if he has something to do, he always has to go around Huafeng.com, and then see what needs improvement and point it out to them.

On New Year's Eve, the whole family returned to the capital.

Seeing Shen Ying and Xiao Qiang gather together and say something to their mother Zhang Mei, Fan Wubing discussed the repurchase of shares of the three major portal websites with his brother Fan Kang.

"I've fallen more than half of my life now. Should I take action?" At this time, Fan Kang admired his brother Fan Wubing's budget. He didn't expect that dozens or hundreds of dollars would fall into this miserable situation now?"

And Fan Wubing said to him. "It's not time to go, don't worry, it's not too late for you to pay attention to it after falling below one dollar."

"It's not that dismal, right?" Fan Kang said Ran in surprise.

"It's probably going to fall to tens of cents!" Fan Wubing curled his lips.

When Fan Kang heard this, his eyes shone brightly and said, "Damn! If it falls below one dollar, I will buy as much as I have! This is a really cheap bargaining chip!"

Fan Wubing replied with a smile, "No hurry, it's hard to turn over the Internet stocks in two years. Just look at it slowly. It's your thing, and it won't run away. In the end, you'll have to return to your hands.

Fan Kang nodded and said, "I just didn't expect that the stock market would fall so violently. Instead, the domestic stock market is very good, which makes people feel itchy."

Fan Wubing smiled and said, "What's going on in the domestic market? You don't know? The virtual fire is too strong, and sooner or later we will follow the footsteps of the Nasdaq. Besides, the overall market value is not high and there is no room for speculation. You should not get involved, so you can save yourself trouble. After all, the recent calls for a blow to the evil market are still very high.

Fan Kang said, "Actually, there is no reason to attack the black market. Everyone is a player. After entering this casino, you are willing to accept the loss. If you don't want to make money, who can force you into it?
Chapter completed!