Bright sunshine shines into the large office. This is a brand-new office building located in a prime location in the downtown area of Xinjiekou. It houses the corporate headquarters of Pacific Company. The top floor is the chairman's office, which occupies an entire floor, totaling 1,200 square meters.
meters area.
Come out of the elevator, walk in through the front desk, and pass two bodyguard lounges. You can see a luxuriously decorated open space divided into left and right sides.
Secretarial department settings on the left;
They correspond to the secretarial agencies of Pacific Company, Atlantic Company, Arctic Ocean Company, Caribbean Company, Four Seas Audit Company, and Royal Private Investment Fund. Each company has a full-time secretary to track its operations.
The latest reports of subordinate companies are summarized every month and every quarter for the chairman of the board to make decisions.
Stepping on the soft carpet and continuing to the right, there are several separate secretarial department leadership offices, including,
Yu Chengde, Director of the Secretarial Department;
Graduated from the Chinese Department of Peking University. He has worked in national ministries and commissions. He has served as deputy mayor of a northwest city. He is a senior sea trespasser and the person in charge of the Yalong Bay regional project of Azure Bay Company. He has extremely rich administrative experience and is a shareholder of Yahoo! and a director.
Zhao Feng, deputy director of the Secretariat Department; 84th class senior of the Department of Electronic Computers at Jinling University, 34-year-old PhD student in Europe, county magistrate of a county in northern Jiangsu Province, senior sea explorer, Haikou regional project leader of Azure Bay Company, shareholder and director of DreamWorks,
The vice president also serves as the distribution director.
Zhang Shuguang, deputy director of the Secretariat Department...
Tian Yuan, deputy director of the Secretariat Department...
Passing through the offices of several secretarial directors and deputy directors, you are faced with a cleverly conceived landscape screen wall, exquisite and unique rockeries, waterfalls, pavilions and ancient and ingenious pines and green plants, creating a picture of heaven and earth.
Beautiful view.
The waterfall seems to fall from the sky and falls into a deep pool below.
The bright red, ink and purple koi fish swim happily, and the miniature landscape shows grandeur in the ordinary.
The desk of Guo Liyi, the chairman's personal secretary, is made of transparent glass. The front is unobstructed. No matter who enters the chairman's office, no one can escape her sight.
A heavy classical-style wooden door isolates the inside and outside, and entering is the chairman's office area.
room
Wang Yaocheng sat on a comfortable lambskin armchair, his legs resting on the desk in an inconspicuous manner, and his toes dangling slightly.
This luxuriously decorated office has an area of more than 100 square meters. Outside, there is a guest reception room, a tea room, a cigar smoking room, a constant-temperature wine storage room, an equipment exercise room, and a complete set of facilities.
At the deepest level, there is a large and comfortable bathroom, a full massage bathtub, a top-notch luxury suite, a high-end kitchen, a dressing room, etc., which brings meticulous care.
Wang Yaocheng has never had any involvement in these matters. They were all done by his subordinates with great effort.
He still attends classes at Jinling University in the morning every day, returns for a meal at noon, works here from afternoon until late at night, and sometimes stays overnight in the office.
It took less than two months for such a regular life to be interrupted by the Nasdaq market in New York, thousands of miles away.
October 21st to October 22nd, 1993.
Microsoft issued four consecutive notices to the Nasdaq market to increase its holdings of Netscape shares, increasing its shares from 19.6% to 24.2%, 28.5%, 32.7%, and 37.5% respectively. It was like a fast-moving combo punch.
, instantly ignited market enthusiasm.
Netscape's stock price skyrocketed from US$94.76 per share to US$144.3 per share, a surge of 47% in just two days. Luoyang was expensive for a while, triggering a strong market sentiment.
The Internet high-tech sector benefited collectively, showing a surge of 15% to 20%. This was a collective carnival.
Like a giant beast thrown into a small pond, the waves it stirs up cannot calm down for a long time.
Through its rapid increase in holdings, Microsoft announced that it has officially become the largest shareholder of Netscape, and proposed that the board of directors will convene to elect a chairman in the near future. This means that Microsoft has powerfully entered Netscape and seized control of the company.
This sudden merger and acquisition move was chosen half an hour before the Nasdaq market closed. It was obviously a careful choice.
The time difference between New York and Beijing in the United States reached 12 hours. Wang Yaocheng, who was far away in China, was unable to react immediately. When he realized that the situation was not good, the Nasdaq market opened again the next day, and the acquirer was in a hurry
Then he issued a continuous announcement of increasing holdings, and there was no time to react.
October 23
Netscape issued an announcement, strongly condemning Microsoft's malicious merger, and immediately filed a lawsuit requesting the Santa Clara County Circuit Court to immediately issue an injunction to stop this malicious merger.
At the same time, Wang Yaocheng, founder and chairman of Netscape, was preparing to take a private plane and fly back to the United States at starry night.
Before leaving, I was told by the embassy that the entry visa could not be obtained for the time being, and the transoceanic flight plan reported by private plane was rejected.
As for the reason, there is no comment.
October 24
Microsoft once again issued a notice to acquire a combined 7.21% of Netscape's fourth-largest shareholder Lehman and Sequoia Capital's fifth-largest shareholder at a high price, raising its shareholding to 42.97%.
At the same time, Netscape held a board meeting to elect Mr. Stephen Ballmer as Netscape's chairman. The resolution was approved by more than half of the shareholders, and control of Netscape officially changed hands.
Today is the afternoon of October 25th, in the office located in Xinjiekou
"I'm holding the wowotou in my hand, but there's not a drop of oil in the dish..."
Wang Yaocheng was humming a song in a good mood. He didn't feel the pain of having his company taken away at all. Yes, this piece of tasteless and wasted piece of chicken was finally taken away. How could he not be happy?
To him, Netscape was just a tool for making a lot of dollars, and it would be no shame to throw it away after using it.
High-tech Internet companies rise and fall very quickly. No more than half of them can last for one year, no more than 10% of them can last for two years, and only a handful of them survive in the end.
I casually turned on the computer on my desk, and relevant reports from major American media over the past few days were sent via email, completely displayed on the LCD screen.
The New York Times reports;
Falling meteor in Silicon Valley
On November 21, the software industry giant Microsoft suddenly took action and used its strong strength to acquire a majority stake in Netscape, a listed company in Silicon Valley. This move caused Microsoft's stock price to rise, showing that the market was optimistic about this move, and at the same time it promoted high-tech
The sector collectively hit new highs.
It is reported that Wang Yuan, the Chinese founder and chairman of Netscape, was studying in China. He lost control of the company within a few days and suffered a heavy blow. He became another entrepreneurial star that fell from the sky above Silicon Valley.
The Washington Post reports;
Popular internet company changes owners, founder Wang loses
According to this newspaper, Microsoft's sudden move to acquire Netscape was beyond the expectations of market observers. The challenger pattern in the software industry that originally emerged in Silicon Valley was once again controlled by the dominant company, and it still regained its unparalleled status. The founder of the company
The boss king defeated Maicheng.
The market is calling, who is the next challenger?
The Christian Science Monitor reports;
Who is the next inexperienced white rabbit?
The free market once again proves the law of the jungle where the jungle prevails. Facing powerful opponents, the founder of Netscape, the boss, tasted the bitter taste of failure. This is the consequences of underestimating the enemy. Who will be the next inexperienced little white rabbit?
Time Magazine reports;
Angel with broken wings, can Red Hat take off again?
Netscape and Yahoo, two Silicon Valley red hat companies that are leading the new wave of network technology, were incubated and pioneered the trend, but their booming development momentum has recently been hit hard.
The company lost its majority stake in the Nasdaq market, Microsoft took over Netscape, and its chairman and boss, Wang, was kicked out.
Market question: Can an angel with broken wings fly into the sky again?
hehe!
Wang Yaocheng watched these reports with great interest, and he could fully imagine the joy among Microsoft's top executives, who were probably holding champagne glasses high to celebrate the victory.
Who is the final winner?
There is no doubt that Wang Yaocheng lost his dignity and gained some benefits.
In order to create opportunities for Microsoft, he has already hid in China. If you still dare not take action, you are too cowardly.
Through close monitoring of Netscape's stock price, it is estimated that the other party will take action between the end of October and November. There is no reason to let such a good opportunity pass.
Major shareholders are strictly prohibited from speculating in their own company's stocks, but the Nasdaq market does not prohibit investing in the stocks of other companies.
Under Wang Yaocheng's instructions, he mobilized 150 million US dollars from Hong Kong companies in advance before returning from the United States, tripled the leverage and went long on high-tech software companies in Silicon Valley, and made a lot of quick money.
Pull out the latest investment report from your desk;
The figures above clearly show that all positions have been closed, with a net profit of more than 40 million US dollars, and the money spent on the private jet has been earned back.
After thinking about it for a moment, Wang Yaocheng started typing on the computer with flying hands.
The operations of companies as far away as Silicon Valley in the United States have always relied on email for remote command. Top figures in their companies have dedicated mailboxes to receive remote instructions.
This is an email sent to Du Bo, President of Hong Kong Caribbean Investment Company. The investment team originally led by Mr. Huo Jiaquan has been transferred to the Royal Private Investment Fund and is directly led by President Du Bo.
All matters related to stock and securities investment are operated by this professional investment team, and instructions are issued by email;
Profitable funds from the Nasdaq market totaled US$191 million, and Nokia shares were purchased in installments and held for the long term.
As a result, the market value of the shares invested in Nokia in advance is 380 million, and the Royal Private Investment Fund holds a total of 2.3% of Nokia's shares.
With this additional purchase, the shareholding ratio will rise to more than 3%, and the shareholding value will reach US$571 million, making him one of the top 12 largest shareholders of Nokia.
As of mid-November 1993, with the launch of a new type of handheld mobile phone, Nokia's stock price fluctuated and rose, with a total market value of US$18.3 billion, showing a very strong growth trend.
Compared with the same period last year, the price has more than doubled. It seems that the stock price has climbed to the peak, and the risk is very high.
Wang Yaocheng looked back with a reborn vision, where was this?
Still in the pit!
According to the latest statistics;
In 1989, the number of mobile phone customers worldwide reached 30 million. In 1993, this number reached 30 million. It is still expanding rapidly with a compound growth rate of more than 65% every year. The future prospects are bright.
The mobile phone penetration rate in Europe is 1.72%, the mobile phone penetration rate in the Americas is 1.46%, and the mobile phone penetration rate in Asia is 0.35%. The prospective market is extremely broad.
In other words, in the developed European and American regions mentioned above, an average of 60 to 70 people own a mobile phone. In Asia, including Japan, South Korea, Taiwan, and Hong Kong, the situation is even worse, with almost 300 people owning a mobile phone.
Taking the huge Chinese market as an example, the number of mobile phone users nationwide was just over 100,000 in 1992, and reached 330,000 in 1993. This number is pitifully small.
On average, 40,000 people own a mobile phone, which is less than 10,000 customers in each province.
In the entire communications and mobile market, the American Motorola still occupies a dominant position. A single company has a market share of 70% in the analog mobile phone market. Its dominance cannot be underestimated.
The remaining market share is divided among communications manufacturers such as Nokia, Siemens, Ericsson, Panasonic, Sony, Alcatel, and Northern Telecom. The entire market presents a pattern of one superpower and many strong players.
Among them, Nokia, a company from Northern Europe and Finland, masters the world's most advanced gsm wireless digital communication technology.
With a vision of rebirth, Wang Yaocheng knew that Nokia was the final winner in this competition between wireless analog signals and digital signals, and would dominate the world's mobile phone market in the future, with unlimited development potential.
His decision was easy to make. He invested heavily in Nokia and enjoyed the dividends of the company's rapid growth. This was called making money while lying down.
In fact, Wang Yaocheng's judgment was completely correct. It was better to enjoy the shade against a big tree.
By 1999, Nokia's stock market value had soared to 203 billion euros, making it the company with the highest market value in Europe and ranking ninth in the world.
The first place is Microsoft, with a market capitalization of US$583 billion, and its popularity is unmatched.
Looking through the latest report on Jinling's eight-inch wafer fab production base, Wang Yaocheng laughed happily, and it's off to a good start!
Since the production line entered trial production on September 1, the progress has been very gratifying, reaching full production ahead of schedule in only 55 days.
The production line is running very smoothly and the production yield rate is rising.
It soon passed the 55% yield profit and loss point and reached a production yield of 68.5%. It is continuing to improve and is expected to climb to a peak of more than 90% in about half a year. The prospects are promising.
This means that Wang Yaocheng no longer needs to continue to pour money into it, and the wafer production base has begun to contribute revenue, creating a steady stream of profits for the company.
What Wang Yaocheng was holding was a report written by Zhang Rujing, the president of Atlantic Company. With a stroke of his pen, he happily rewarded all employees with an extra month's salary and encouraged them to continue working hard.
This is a good start. Atlantic Company has officially entered the field of dram production. This is a very cruel and cruel market. The first thing to do is to survive.
The timing at the end of 1993 was very good. From the mid-1980s to the early 1990s, after the brutal competition and elimination of Hanbangzi's second-level "counter-cyclical law", more than a dozen semiconductor manufacturers have withdrawn from the market with heavy losses. Among them
This includes Fujitsu, a major Japanese company.
Now, market prices are recovering and entering a new round of economic recovery, which is conducive to manufacturers hoarding funds and enhancing their ability to withstand market risks.
The price of DRAM memory sticks has rebounded in the international market. The price of 16MB memory sticks used in the 486 Pentium generation in the Zhongguancun Electronics Market in Yanjing City is as high as 5,000 yuan, and the price of 4mb memory sticks is 1,200 yuan. Can you believe such a high price?
These junk gadgets will not be worth a dollar in twenty years, but now they are hot and top-notch products.
You really can't play without it on your computer.
Only by comparing prices in 1993 and 20 years later can we truly feel how amazing the price of memory sticks is.
From 1993 to 1994, there was a period of high price inflation. The average salary income of residents in Yanjing City rose from about 200 yuan in the previous year to about 300 yuan. The price of a 16MB memory stick was 16 times the monthly income of residents.
If you take a 16MB memory stick to a restaurant, bring two meat and vegetables, a bowl of soup, and a bottle of Erguotou, you can eat it in the restaurant for a whole year.
Ten 16MB memory sticks can buy a two-bedroom apartment, and twenty 16mb memory sticks can buy a three-bedroom apartment. It’s so expensive.
Therefore, this time to enter the market is chosen very well. It will usher in three consecutive years of golden development period, allowing Atlantic Company to accumulate enough foundation to face the cruel baptism of the market and seize the precious opportunity period given by history.
The official name of memory is "memory" and it is one of the three pillars of the semiconductor industry.
For all electronic products such as mobile phones, tablets, PCs, notebooks, etc., memory is similar to steel in modern industry and is a veritable "raw material" for the electronics industry.
After decades of cycles in the dram field, the number of players has gradually decreased from 40 to 50 in the 1980s to more than 20 in 1993, and market competition has eliminated half of the manufacturers.
If history does not change,
In 20 years, there will only be five companies left, namely: Samsung (South Korea), SK Hynix (South Korea), Qimonda (Germany), Micron (US) and Elpida (Japan). Five companies basically control
Global DRAM supply, end product manufacturers such as Kingston have almost no DRAM production capacity, so they have to purchase raw materials from them.
According to common sense, the situation has stabilized and the price war should cease. Unfortunately, Han Bangzi did not agree, especially Samsung.
Samsung made full use of the strong cyclical characteristics of the memory industry and relied on the government's blood transfusion. When prices fell, production was overproduced, and other companies reduced investment, they bucked the trend and frantically expanded production, further driving down product prices through mass production, thus forcing competitors to
Exiting the market or even going bankrupt is what the world calls the "countercyclical law."
The field of memory is very strange. Like chemicals, it is asset-heavy and has a strong cycle. The price fluctuates sharply. When it goes up, you will lose money even if you count it. When it goes down, you even want to cut it off.
The good thing is that once you survive the recession, you will be the boss of the world.
In the field of memory, Samsung has adopted the "counter-cyclical law" three times in total. The first two occurred in the mid-1980s and early 1990s respectively, allowing Samsung to start from scratch and achieve a strong position in memory.
In 1984, as soon as Samsung launched 64k DRAM, memory prices plummeted, from $4 per piece to 30 cents per piece. At this time, Samsung's cost was $1.3 per piece.
In other words, it loses $1 for every piece produced, forcing competitors to exit the market with government support.
In 1986 alone, Samsung suffered a huge loss of 300 million U.S. dollars. The Korean government devoted all its efforts to invest a huge amount of 2 billion U.S. dollars, and the United Bank supported the company to defeat its opponents, to the point where it resorted to all possible means.
later generations
Samsung felt that it was not playing big enough, and before and after the financial crisis in 2008, it raised the "counter-cyclical" knife for the third time.
In early 2007, Microsoft launched the memory-hungry Vista operating system. DRAM manufacturers judged that memory demand would increase significantly, so they increased production capacity. As a result, Vista sales fell short of expectations, and DRAM prices plummeted due to oversupply.
Coupled with the 2008 financial crisis, the price of DRAM pellets plummeted from US$2.25 to US$0.31.
At this moment, Samsung made a jaw-dropping move:
Investing 118% of Samsung Electronics' total profits into dram business expansion, deliberately exacerbating industry losses, and adding the last straw to rivals who are struggling to survive.
The effect is immediate
DRAM prices have been plummeting, falling below cash costs in mid-2008, and falling below material costs at the end of 2008.
In early 2009, the third German manufacturer Qimonda was the first to declare bankruptcy, and memory players in continental Europe disappeared.
In early 2012, fifth-place Elpida declared bankruptcy, and Japan, which once occupied more than 50% of the DRAM market, also lost its last card.
On the night Elpida declared bankruptcy, the Samsung headquarters in Gyeonggi Province was lit up all night long. Samsung's stock price soared the next day. The whole world knew that Han Bangzi had won again this time.
At this point, there are only three players left in the DRAM field: Samsung, Hynix and Micron.
The mess after Elpida's bankruptcy was packaged up by Micron, which had a new CEO, in 2013 for more than 2 billion U.S. dollars. Five years later, Micron's market value increased from less than 10 billion U.S. dollars to 46 billion U.S. dollars, almost 2 billion U.S. dollars.
is the one-day amplitude of its market value.
In the economic field, with the support of the whole country, from being weak to overtaking, Han Bangzi is the founder.
Samsung relies on the bottomless support of the government and can drive its opponents to ecstasy. Wang Yaocheng doesn't have such big legs to hug, but he has his own trump card.
That is, the invincible vision of rebirth.
If gods stand in the way, they will kill gods; if they stand in the way of Buddha, they will kill Buddha.
In addition, in the brutal market competition, Atlantic Company also has its own killer weapon.
It is backed by China's huge untapped market and has an unrivaled cost advantage over competitors. At least, within the foreseeable ten years, it will be able to master this unique killer weapon.
Today, the world's mainstream DRAM semiconductor manufacturers are launching the construction of eight-inch wafer fabs, representing the latest production technology in the industry.
Including major Japanese, Korean and Taiwan-funded manufacturers, the first priority is to expand local eight-inch wafer fabs, upgrade backward production capacity, and seize the increasingly popular world DRAM memory market.
There is no time to consider cutting costs and investing in building factories in mainland China.
As a high-end manufacturing industry, labor costs have always played a major role in DRAM semiconductor manufacturers. Taking a skilled production line employee as an example, the income is almost eight to ten times the local average.
In my country, the annual salary is about US$220,000 to US$300,000.
In South Korea, the annual salary is about US$75,000 to US$110,000.
In Taiwan, the annual salary is about NT$350,000 to NT$600,000, which converts to US$80,000 to US$120,000.
In mainland China, the annual salary is about 40,000 to 50,000 yuan, or about 50,000 to 6,000 US dollars.
In other words, the salary levels paid by major competitors range from 15 to 40 times higher than Atlantic Company, highlighting irrefutable competitiveness.
for example;
Using a 2.0 micron process, an 8-inch diameter wafer can be cut into 588 DRAMs (memory) with a capacity of 64m, which represents the latest technological achievements. This is very amazing.
The value of a qualified eight-inch wafer is enough to pay the salary of all employees of the entire Jinling wafer production base for a quarter. Calculated based on a weekly production of 9,000,000 wafers and a monthly production of 36,000 wafers, what is the profit after excluding costs?
It’s not that I don’t know, it’s just that I was shocked.
This is the charming charm of the DRAM factory. After the international market price enters the recovery cycle, the profitability is definitely better than that of the banknote printing factory. It is no nonsense to count banknotes until you become weak.
Wang Yaocheng closed the folder in his hand and lay on the chair with half-closed eyes. He was so dizzy with the prospect of career success that he was almost drunk.
The journey from rebirth to now has finally yielded fruitful results and a glimpse of a bright future.
As long as you don't commit suicide and make a fortune, becoming the world's richest man is not a dream. Even Bill Gates has to kneel in front of the person who holds the trump card. That is a must.
Being able to fill in the missing piece of the puzzle for the land he loves so much, and having a strong beating heart, Wang Yaocheng enjoys this huge sense of accomplishment and finds the infinite motivation to keep moving forward.