Manhattan Center, 50th floor of the Goldman Sachs Building.
The first thing Goldman Sachs did as a bank holding company was launch a $5 billion stock offering.
Executives are busy on the phone, either lobbying the world's top investors and financial institutions, such as Goldman Sachs, or lobbying shareholders to see if they are willing to increase their stakes in Goldman Sachs.
In short, try every means to raise more funds.
They worked all night, with little success.
"This can't go on like this."
John Waldron realized that his failure to save Lehman had severely damaged Goldman Sachs's image and made the world distrustful of the U.S. financial system. At this time, he could only save his reputation.
That is, introduce Buffett and Lu Fei.
"But their conditions are too harsh."
David Solomon frowned, "Forget the preferred shares, we still have to pay a 10% dividend every year, which means we have to pay Warren and Lu nearly $1.3 million every day, every day!"
He patted the table and said solemnly: "What's more, Lu Hui will become a shareholder of Goldman Sachs, and one of the major shareholders."
"These are not problems at all." John Waldron analyzed: "As long as we get through this, we can definitely buy back the preferred shares in their hands. The biggest problem now is to ensure financial safety and health. First
Get through this.”
"I agree!"
"I agree."
"Yes, we have no choice. The market value has evaporated by 36%. We must restore public confidence in Goldman Sachs. Buffett and Lu will give investors the reassurance they need."
"As soon as Lu and Buffett join, maybe we will release another US$5 billion stock offering plan, and investors will follow immediately."
"There are still deposits! Once people see Lu and Warren investing in Goldman Sachs, they will definitely deposit their money with us with confidence."
"..."
The senior executives expressed their opinions and discussed the matter intensively.
"I've thought about everything you said, but I'll mess with Fake!"
David Solomon just couldn't swallow this breath: "Is this bastard Lu's $2.5 billion his own money? No! It's Goldman Sachs' money! It's our money! He stole our money!"
John Waldron shrugged helplessly.
Most of Lu Fei's $2.5 billion came from Goldman Sachs's commitment to the CDS between Trisolaris and Lehman. As long as Lehman went bankrupt, the contract would take effect immediately, and Goldman Sachs would have to pay whether he wanted to or not.
It is equivalent to using the money he earned from Goldman Sachs to support Goldman Sachs, which is exactly the culprit that put Goldman Sachs into trouble——
Especially because of Lu Fei!
In the end, Goldman Sachs has to thank Mr. Lu!
In all the years I have been on Wall Street, I have never suffered such a humiliating loss from one person, and twice.
All the executives were dissatisfied, but they all very rationally persuaded David Solomon that as long as Goldman Sachs could survive the current hurdle and hold on until the mines it laid for Europe nine years ago detonated, it would be able to detonate the European debt.
Crisis, let yourself make a comeback.
"Just this time, Lu and Buffett are so cheap!"
David Solomon's mood gradually improved when he thought that just one Deutsche Bank could earn 1 billion U.S. dollars.
The next day, a piece of gossip spread on Wall Street——
The two major stock gods from the East and the West are taking action!
Lu Fei and Buffett joined Goldman Sachs together.
Soon, it was officially confirmed by Goldman Sachs.
The outside world interpreted "Lu Fei and Buffett's $5 billion investment in Goldman Sachs" as a vote of confidence in Goldman Sachs and the United States, which immediately boosted confidence in U.S. stocks.
Goldman Sachs' stock price returned to $100 that day.
The second day, the third day...
The stock price has more or less rebounded. In just 5 days, it rose back to US$127.22 per share. Goldman Sachs struck while the iron was hot and announced a new round of US$5 billion stock offering plan.
The share was robbed and all of a sudden it was gone.
"Goldman Sachs is an outstanding institution with an unparalleled global network, a recognized management team and the human and financial capital that enables it to continue its outstanding performance."
Lu Fei stood at the San Francisco Art Theater, facing the media surrounding him, the camera and the microphone, and supported Goldman Sachs.
"Lu, what do you think about Steve Jobs naming Apple's latest mobile phone 'iphone', confusing it with your iPhone? How will you respond to Apple's move?"
Reporters don't think it's a big deal, they do it deliberately.
"Wow, very good question."
Lu Fei touched his chin, "I'm not surprised at all that 'iphone' copied 'lphone', because my good friend Bill Gates has warned me a long time ago that this will definitely happen, because Apple's Mac also
I have never touched Microsoft. I just feel sorry that Apple has lost its soul.
If nothing else happens, it may become the best plagiarist of logic smartphones, but China has a saying.
‘He who learns from me will live, and whoever resembles me will die’.”
"Lu, what kind of surprises are you planning to bring us this year?" Another reporter asked.
"There are surprises everywhere, mobile phones, music players, headphones, but what I want to focus on is tablet computers. I dare say that since the Ten Commandments tablets of Moses, this is the second time that people will pay so much attention to a tablet. It will redefine what
It’s called a ‘tablet’.”
Lu Fei left a mysterious smile and turned around and walked into the drama center. The security guards at the door were tall and powerful, blocking reporters who tried to break in and take photos.
"Before the press conference, I would like to solemnly announce some logical good news to you."
"Logic's music player series has sold a total of 300 million units worldwide, and the sales volume of beats headphones..."
"Sales of kindle tablets..."
"Logic has 516 retail stores around the world!"
"At last year's press conference, I announced the launch of the 'Developer Program', and the development speed exceeded my imagination."
"In just one year, the APP application store has more than 20,000 applications, bringing an extraordinary experience to our global logic smartphone users. More than 100 million application store downloads are the largest and most sufficient
Proof of.”
"Although I don't want to be too high-profile, I have to say that Logic is now the second largest mobile device company in the world!"
"Our goal is to surpass Nokia..."
"Wait a minute, something needs to be changed here."
Lu Fei said seriously: "It's not that it surpassed Nokia. Although it didn't surpass Nokia in terms of quantity, it was at least a tie in terms of profitability. It was changed to 'become the world's number one mobile device company'!"
"Okay, Mr. Lu."
Zhang Tianmei drew circles on the speech script.
"And here, here."
Lu Fei pointed, and then asked if T-Mobile CEO John Lager was here?
T-Mobile is the third largest wireless carrier in the United States.
The backer behind it is Deutsche Telekom. Millennium spent US$37 million to acquire a local operator in the United States. It has always been able to survive between the first and second American Telephone and Telegraph Company and Verizon Communications, and it is difficult to gain a foothold.
and.
Logic's first trial product, logicX, was initially looked down upon by American Telephone and Telegraph Company and Verizon Communications.
No problem, wireless carriers are just so overbearing and powerful.
Fortunately, T-Mobile is willing to take the risk.
As a result, Qin Shihuang looked in the mirror and it was a win-win situation!
lphone3G was launched, and it also signed an exclusive agreement. It can only be used using T-Mobile's network. This directly caused the number of T-Mobile registered users to increase dramatically, so that with the sales of logical smartphones and tablets, American Telephone and Telegraph Company, Veri
Sen Communication could not sit still and asked for cooperation.
You ignored me at first,
Today I will make you unable to climb high!
It is also because of T-Mobile's matchmaking that Logic successfully cooperated with Deutsche Telekom, Europe's largest operator, and was able to occupy more European markets faster than Apple.
"Hey, come on Jere!"
In the lounge, Lu Fei saw John Laijer pushing in the door. He was wearing a white and pink T-shirt with the T-Mobile logo printed on it, and his hair was as messy as if it had been gnawed by a dog.
"Come, sit down, sit down, what would you like to drink?"
"Coffee, thank you."
"How have you considered the plan we proposed?"
Lu Fei handed over the coffee.
"You mean the 'get iPhone with zero down payment' plan?"
John Laijer showed a bitter smile.
"There are others, but this is the most important."
Lu Fei took a sip of coffee and said, "What's wrong? Is it difficult?"
"Some people on our board of directors and management can't figure it out."
John Laijer curled his lips.
Obviously, T-Mobile was the first one to cooperate with Logic, and it was T-Mobile that brought Logic to the European and American markets. But last year, Logic exclusively cooperated with American Telephone and Telegraph Company on the logicX2 contract phone. Why is it T-Mobile’s turn this year——
It becomes an iPhone with zero down payment.
And whether it is 12 or 24 installments, the installments are interest-free and there are only a few handling fees.
This contract model is unheard of.
European and American operators are different from Chinese operators. They mainly sell expensive mobile phones at low prices in the form of various contract phone packages, and then recoup the costs through long-term, high-charge contracts.
"It's very simple."
Lu Fei said: "You have lost too many users."
"There's a reason for that."
John came to Gyor and immediately explained.
"Yes, for example spectrum."
Lu Fei spread his hands helplessly.
Spectrum is a license for a certain section of radio waves to transmit signals, and it is a public good necessary for wireless operators to operate their businesses.
The reason why American Telephone and Telegraph and Verizon are the first and second is that they have more spectrum than T-Mobile.
It almost monopolizes the spectrum in the 700 MHz band.
They even set limits on the spectrum in the 600 MHz band and joined forces to squeeze out and suppress this German-backed wireless operator.
"That's not because we don't want to. Spectrum is expensive. If you can afford it, you may not be able to buy it. You have to try your luck."
John Laijer sighed, "Deutsche Telekom has been restricting our investment again and has never been interested in competing for the American market, let alone the economic crisis now."
"It seems different from the version I heard."
Lu Fei took a sip of coffee, "It's because your user growth rate cannot keep up with the intensity of competition and you are unable to make ends meet. In order to stop losses, Deutsche Telekom has already planned to resell and escape."
Once exposed, John Laijer's face was full of embarrassment.
"Don't worry, we will never give up cooperating with T-Mobile unless we have to. This plan of 'getting an iPhone with zero down payment' is a prescription specially tailored for you."
Lu Fei cast a sincere look.
"Lu, for the sake of our friendship and the fact that T-Mobile and Logic have cooperated for so many years, can you..."
"Come to Gyor, we are here to help you. Only a lower charging strategy to distribute your larger and faster network can T-Mobile break through the current predicament."
"But...but..."
"Nothing but."
Lu Fei interrupted John Laijer, "You won't suffer a loss, but I just support the purchase of iPhone 4 with installment payment. No down payment is required, and no interest is required. Now that consumption is downgraded due to subprime mortgages, don't you think this is a solution?
?"
"Let's talk about the purchase price first."
John came to Gere and looked at him in high spirits. From one moment to the next, Logic used to ask for wireless operators, but now Logic has no worries about cooperation, and T-Mobile is not the only one.
Attack and defense are alien!
The initiative in negotiations is also tilted towards logic.
Lu Fei did not overbearingly eat more, but instead gave some profits to T-Mobile. The market price was US$399, and the purchase price was set at US$325. The share of the contract phone was also given at a fair price.
In short, T-Mobile is not at a disadvantage.
John Laijer also felt his sincerity in the communication.
But he has yet to express his position on the plan of "getting an iPhone with zero down payment". After all, in today's economic situation, one wrong move can lead to a complete loss, the company will lose money, and his position will no longer be guaranteed.
"I just want an answer from you now."
Lu Fei kept a straight face and issued an ultimatum.
Everything we talked about before was based on the premise of supporting plans such as "getting an iPhone with zero down payment". T-Mobile does not agree, so all previous talks are invalid, and there is no need to talk about it again in the future.
In an industrial society, time is precious!
Immediate replacement, Sprint, the fourth largest carrier in the United States, has long wanted to cling to Logic's thighs, so it doesn't matter if it suffers some losses.
"Sprint? Just that?"
There was a hint of disdain in John Lager's tone, and he did not shy away from ridiculing operators such as Sprint and Verizon Communications.
"So is it okay or not?"
Lu Fei deliberately looked at his watch, "I believe you didn't come to say 'No' to me today, right?"
"Yes, we agree."
John Laijer breathed out, "We are willing to choose to believe in logic and you just like the first time we cooperated."
"You made a wise choice."
Lu Fei smiled and said: "I can guarantee you that this time next year, you will definitely open champagne to celebrate the decision made today, and Verizon Communications and American Telephone and Telegraph Company will have a headache and worry about T-Mobile."
"I hope so."
John Laijer crossed his arms, "But we still have a small condition. Can we be exclusive for a certain period of time?"
Lu Fei agreed immediately that iPhone 4 would be exclusively sold by T-Mobile within six months of its release in North America.
Even if Verizon Communications and American Telephone and Telegraph are willing to cooperate, sales time will have to be delayed.
"Then we'll be fine."
John came to Gyor to grit his teeth and bet on him.
"It's no problem, right? I still have it."
Lu Fei then talked about the second plan——
Unbind your tablet.
Kindlepad, like the early iPad, is available in WiFi version and plug-in card version. As long as the wireless operator allows a single phone number to be used for the tablet, users can use their Kindlepad without carrying their mobile phone with them.
T-Mobile even gives away some free data for every tablet it sells.
"No operator has ever done this?"
John came to Gyor and was astonished.
"That's because I didn't say it. Wouldn't it have happened if I had?"
Lu Fei patted him on the shoulder, "Don't you think it's a pity to bundle a tablet with wifi, come to Gyor? We must have the courage to be the first to eat crabs."
John Laijer took a deep breath and said, "We need time to consider these plans, but if 'phone 4 with zero down payment' can be a big success, maybe I can convince the management and the board of directors."
"cheers."
"cheers."
The two clinked glasses, and Lu Fei raised his lips: "Let's turn the most profitable business model in the American wireless communications industry upside down."
