President Huo Jiaguang was reporting on the specific matters regarding his recent contact with Wang Lie (son of Wang An). After a long time, he closed the folder and looked at Chairman Wang Yaocheng in silence.
Wang Yaocheng pondered for a moment and said, "Wang An Computer has another European competitor. This is a new variable. I hate this kind of unexpected situation. Let us get it all done before the Europeans put forward a competitive offer."
Huo Jiaguang; "Boss, the Europeans have only shown interest. They want to pick up bargains. Wang An Computer's debtors know this very well. The conditions of these guys are even more stringent. They only want patents and not factories."
"What's the problem now?"
"The biggest obstacle is Wangan Computer's union participating in the negotiations. They hope to retain as many employees as possible. Our M&A team and creditor banks cannot reach an agreement on this. Their demands are too outrageous. They hope to recall at least 10,000 laid-off employees.
human scale.”
"That will drag us down. Labor costs in the United States are soaring, so it is only suitable to retain high-end research projects. Factories are suitable to be built in low-price and cost areas, such as China. Our computer production base is under construction, from where we will produce products with
Products with world competitiveness.”
"Yes, boss, I agree with your point of view. The urgent issue now is to start the acquisition in advance to prevent long nights and dreams."
"They need our M&A funds now, but they still have more than 4,000 employees. How can we take over if they don't retire? How can we shoulder this heavy burden?" Wang Yaocheng knocked on his forehead with a headache and sighed; "I am just a worker.
We don’t want any of them. According to the plan, the motherboard factory, monitor factory, accessories factory and assembly factory will be closed. We can only accept 1,600 high-end research talents, plus company operations and channel personnel, no more than 2,500 people. They are now under bankruptcy protection.
We can fire employees, but we don’t have the ability, and the union is very difficult to deal with.”
Domestically, a large-scale computer production base is under construction.
Compared with the high labor costs in the United States, domestic labor costs are almost negligible. For every worker hired in the United States, 45 workers can be hired in China. The gap is huge.
As a qualified capitalist, Wang Yaocheng has already planned to relocate the factory and use his cost and product advantages to defeat his competitors.
"Actually, these employees are the last elites. They can just maintain the production of a core motherboard factory. They can complete the assembly of key CPU components of the computer, including hard drives and motherboards. As long as the funds are in place, they can start production as soon as possible to maximize economic benefits.
." President Huo Jiaguang seemed to have already prepared a plan and said it confidently;
"If you are worried about the destruction of the union, you can ask the legal department to dispatch and stipulate in the merger and acquisition contract that these employees can choose independently whether to follow the union to the end and close the factory or sign binding clauses and get a stable job. I believe that most people will
Make a smart move."
"This is a good idea. In this way, you and the legal department will act together, especially the patent attorneys. In addition, the audit department will allocate capable personnel to form a joint negotiation team. You will be given one day to prepare and fly to Boston, Massachusetts to preside over the negotiations.
, cut the mess with a sharp knife."
Wang Yaocheng made up his mind decisively. Based on many previous contacts, negotiations should not be difficult.
Wangan Computer declared bankruptcy in September 1993, and the acquisition was almost at a bargain price.
In addition to assuming Wang An Computer's debt of up to 1.228 billion U.S. dollars, the other party demanded a price of 660 million U.S. dollars. This money was paid to Wang Lie and other shareholders, and all assets of Wang An Computer were accepted.
Among them
Including Wangan Computer's headquarters and global operations center, a huge building complex located in Lowell, 25km northwest of Boston.
This is a huge W-shaped building complex composed of three connected 14-story buildings, with many auxiliary buildings attached, covering an area of more than a thousand acres. The Wang An Computer Core Research Institute is located here and has almost 900 high-level researchers.
This is the brain and heart of the entire enterprise's operations, and its sales network extends all over the world, forming a multinational enterprise with a glorious history.
also
Wangan Computer owns six independent research centers at Harvard University, MIT and Lincoln Township, four factories near Boston, a dedicated dock warehouse area, and some scattered properties.
On the west coast of the United States, Wangan Computer owns a large-scale computer assembly factory in Silicon Valley, with an independent warehousing area, two independent research centers, and its own logistics fleet.
The high-precision and cutting-edge equipment in the production workshops of all five factories can easily cost millions of dollars each, and they are all advanced products from the late 1980s.
The company has mainstream modern production equipment, as well as various advanced machine tools, molds, and auxiliary production equipment, with thousands of sets, capable of mass-producing high-end products such as computers, typewriters, and word processors.
You know, during the heyday of Wangan Computer, these five factories could accommodate more than 30,000 employees for full production, and their products were sold all over the world.
Dominating the world's desktop word processing systems, including office systems, these products have forced competitor IBM to do nothing. Such a multinational high-tech company, which is like cooking oil, unexpectedly was killed by its own people.
There are rotten beds and three-inch nails. The value of these fixed assets alone exceeds 4.5 billion US dollars.
Until 1987, Wang An computer equipment was used by everyone from Wall Street to multinational companies, from car sales stores to factories, docks, banks, securities companies, newspapers, and insurance companies. It can be said that it was prosperous for a while.
In just one and a half years, Wangan Computer suffered a rapid decline in the hands of the founder's son, Wang Lie, from a profit of hundreds of millions of dollars to a huge loss of 420 million dollars in just over 450 days.
Wangan Computer died of incompatibility. It was incompatible with the world's mainstream products, Microsoft desktop systems, series software libraries, IBM motherboards, sockets and screen monitors. It suffocated itself in the market.
Alas!
There are so many king bombs in my hand that I can't get them out. It's really a very good move.
In the column of Wangan Computer’s important assets, there are also a large number of Wangan Computer’s original patent pools, which are of immeasurable value.
This includes the word processing system WPS patent pool that dominates the world, typewriter series patents, the unique "Losay" computer series patents ranging from screens, motherboards to chips, and dozens of software and hardware patents.
The total number of patents reaches more than 6,000, which is an astonishing number.
The blue giant IBM, which is fully entering into desktop computers, needs to use the patent authorization of Wangan Computer, which shows its great influence in the industry.
So far
In the view of Wangan Computer's creditor banks and funds, if these assets cannot be revitalized, they will become a pile of scrap metal and worthless in a few years.
They were as anxious as if they were sitting on the crater of a volcano and fully supported the bankruptcy and reorganization of the company. Under such circumstances, the powerful labor unions also became silent.
Wang An Computer quickly hired Mr. Miller, the former CEO of General Motors. This professional manager known as the "corporate repairman" had brought many companies back to life.
After Mr. Miller took office, he laid off more than 20,000 people, shut down and merged many irrelevant businesses, such as his travel companies, freight companies, joint-stock insurance companies, etc., or sold or laid off employees, drastically cutting off these bloody businesses.
of holes.
Unfortunately, Mr. Miller did not understand high technology and was unable to find a precise positioning for the company. Wangan Computer was still suffering from serious losses. After a few years, the creditor banks were completely desperate.
Then, there is only one way out;
Find someone to take over.
Otherwise, Wangan Computer, which has accumulated these huge amounts of valuable assets, will inevitably go into complete ruin, and all creditors, banks, funds, and shareholders, large and small, will pay for it.
This is the current serious situation of Wang An Computer. It has been struggling in difficulties for five years and has suffered huge losses for five years. It is urgent to find someone to take over, otherwise all investors will be dragged to death.
in the office
After seeing off President Huo Jiaguang, Wang Yaocheng pressed the intercom on his desk and said happily;
"Beauty, ask President Qi Yafei to come to my office and bring Yahoo to search for the first round IPO financing documents."
"I know! Handsome boss."
Secretary Guo Liyi made a rare joke. It seems that newlywed Miss Guo is in a good mood.
Guo Liyi and her logistics supervisor Luo Qianjin were living a sweet life. They just bought a Hummingbird helicopter a while ago, and the two of them drove it on vacation when they had nothing to do. Their little life was really flying.
Among the big companies in Silicon Valley, Red Hat has not done many mergers and acquisitions, including the Royal Family Fund. The total number of mergers and acquisitions in the past two years has been less than ten. Every time it makes a move, it is fast, accurate and ruthless. It is a recognized expert in mergers and acquisitions.
.
Compared with other large companies, you can see a clear gap.
In the original history, Yahoo went public in 1996 and reached a market value of 100 billion U.S. dollars in 1999. In 2000, it reached as high as 125 billion U.S. dollars. Its value was extremely inflated.
The United States' two century-old automobile giants, General Motors and Ford, do not have a higher market value than Yahoo. This shows the madness of Wall Street, which is enthusiastically optimistic about high-tech Internet companies.
After Yahoo went public in 1996, its profit that year was only 60,000 US dollars. However, after receiving huge funds, Yahoo expanded crazily to tens of thousands of people in one year.
In just over a year, Yahoo spent US$17 billion to acquire 120 start-up companies. Most of this huge investment was in vain.
Some of the remaining acquisition businesses have also shrunk extremely, and they have completely lost the vitality of start-up companies.
It can be seen that Yang Zhiyuan is very promiscuous. If there is no halter to cover him, this guy can be so promiscuous that no matter how big the family is, it will be ruined.
this life
With the giant Buddha of Wang Yaocheng pressing down on him, and President Qi Yafei taking full control of Yahoo, Jerry Yang has no chance to make waves and can only honestly be his own minority shareholder.
This situation is not unique in Silicon Valley.
American Online Company and Microsoft Company have these big company diseases. When they have money, they start to waste their money and use investors' money to launch mergers and acquisitions. It seems that they are in vain if they don't buy more than a dozen companies every year.
"Chairman, you look good today." Qi Yafei opened the door and came in to say hello.
Wang Yaocheng curled his lips and said, "Hey, can you come up with something new? For example, hey, I like the color of your tie. It looks like my mother's rag. Oh, by the way, Brother Yafei, this is yours The color of the casual suit really looks like shit, and it feels a bit hot.”
President Qi Yafei has always been known for his good temper. Hearing this, he couldn't bear it any longer. He dropped the folder in his hand and looked for the guy, muttering, "Fuck! If I don't kill you today, I, Lao Qi, will be in trouble." Yes, my uncle can bear it, but my aunt can't."
"Even if you kill me, I won't be able to compliment your sense of aesthetics." Wang Yaocheng stepped on him again triumphantly.
President Qi Yafei tried to lift the sofa but couldn't lift it. He lifted the coffee table but couldn't lift it. Then he rushed to the desk. Wang Yaocheng quickly put away the lamp with quick eyesight. President Qi Yafei picked up the intercom with his hand.
Damn, this is fixed on the desk.
"I'm so angry."
Qi Yafei stretched out his hand to the sky and shouted wildly. Wang Yaocheng put away the pen and looked at him with a smile; "Brother Yafei, I think you should have a drink to relax. The work pressure is too great, or you have to go to work." Let’s go to DreamWorks, there are many beautiful girls there, there may be unexpected surprises.”
"Have a drink, that's right." Qi Yafei turned around and rushed to the wine cabinet.
Wang Yaocheng immediately woke up, and relying on his height and long legs, he quickly rushed in front and blocked the wine cabinet; "Haha, forget it, drinking will cause trouble, you need a bottle of aspirin or a small blue pill now."
"Wow, I'm not done with you today!"
"Have a sense of humor, bring out your sense of humor, and you will find that life becomes more colorful."
There was really nothing Qi Yafei could do against him; "Huh, get out of the way, I want a drink."
"If an elder brother has a destiny, he has a younger brother to do it for him."
a moment later
The two brothers were arguing for a while, opening a bottle of red wine and chatting.
The person Wang Yaocheng knows and trusts the most in the company is Qi Yafei. This person has been in the system for a long time. He values friendship, understands rules, and has strong leadership skills. He is a very good partner.
Wang Yaocheng has known Qi Yafei for four years, and they know each other's temperament and personality well. They are superiors and subordinates when working, but they are good friends in normal times.
In a foreign country like the United States, the capable Chinese elites are not as united as Han Bangzi and the Fusang people, and they often fight among themselves and end up hurting both sides.
This situation does not exist at all in the Wang Consortium.
The dazzling aura surrounding Wang Yaocheng is enough to overwhelm everyone. When the Chinese elites gather together, the energy that bursts out is astonishing.
Red Hat is located in Silicon Valley, a treasure trove of talents, with hundreds of thousands of high-end talents to choose from. The company has grown to now and has more than 1,300 employees, more than 80% of whom are Chinese, making it the highest proportion of high-tech companies in Silicon Valley.
Likewise, the achievements are remarkable;
It has incubated outstanding companies such as Netscape, Yahoo Search, and Athlon Semiconductor. Its high-tech projects are progressing smoothly, and they continue to obtain original patent achievements, attracting the attention of many venture capital funds.
Unfortunately, the boss king is not short of money. These venture capital funds are basically not eligible for angel rounds, and they cannot be squeezed into the A round. They can only look for opportunities during the B and C rounds of financing.
"How about it? Let's have a Cuban cigar. This is a top brand and tastes very good."
"Okay, if I have good things and know how to share them, I won't argue with you today."
"Check your conscience, am I that kind of miser?"
"You said it yourself, and I think so too."
Qi Yafei was not polite, took a cigar from the wooden cigar box, cut off the cap skillfully, lit the cigar with the fire Wang Yaocheng handed over, and the two of them tasted it leisurely.
The strong and fragrant smell of cigar smoke filled the room. In the smoke, the figures of the two people were erratic, puffing away like living gods.