American Fortune Life

". Bookmark this site. My entry will not change anything. Qualcomm will continue to implement the original development strategy. While maintaining financial stability and a good capital return plan, it will invest more funds in research and development to ensure Our technological leadership.

And will make various investments to better maintain the company's leading position in the semiconductor market.

Ladies and gentlemen, what is the most expensive thing in the 21st century? talent!

However, what we have seen is the brain drain. Qualcomm has made large-scale layoffs in recent years, which has seriously lost the talents needed to compete.

Qualcomm has even more serious problems. Difficult to bring the "next big thing" with which to beat the competition and secure new royalties.

The Innovator's Dilemma!

To be fair, this is where I am. . . With a clearer development direction and new goals, to increase Qualcomm's core business competitiveness! "

The corner of Andy's mouth was raised, with a calm smile, he stretched out his finger and drew a circle beside Taixue, his eyes were bright and confident, looking at the helmsmen of several large organizations around him, drawing big Cake is persuading, hoping to get the support of these major shareholders of Qualcomm, so that he can easily seize the power of Qualcomm's board of directors.

Andy showed his ambition to acquire Qualcomm, which made the five leaders present at the helm of Blackstone Group, American Vanguard Group, Fidelity International Investment Fund, State Street Bank of the United States and Wellington Management Group ponder.

When they met in Houston, they guessed who the mysterious acquirer who has been buying Qualcomm shares recently was. To be honest, this surprised them. Focus on building a media empire.

But now they suddenly stand in front of them and tell them, yes, I want to acquire Qualcomm, and I want to enter the wireless semiconductor industry, which somewhat makes them feel a bit confused.

However, thinking of Andy Smith’s firm support for smartphones and the several IT companies he controlled before, he is a little relieved. Mobile games, mobile APPs, and APP application stores all show that he is very optimistic about the future of smartphones. Then look at Going to Qualcomm is also understandable.

After all, Qualcomm became the world's largest wireless semiconductor supplier for the first time in the first quarter of 2007 last year.

"So, Mr. Smith, what is your quotation?" The CEO of State Street Bank asked first. They are investment institutions, and the pursuit of profit is the most important thing. If short-term interests can be maximized, they will not hesitate. He agreed to Andy's offer and sold his Qualcomm shares.

As for whether Qualcomm will change ownership or the founder will be kicked out of the company, these are not within their consideration, but what is certain is that the descendants of Qualcomm’s founder have no control over the company’s future.

"$35, based on the stock price in recent days, a 25% premium..."

Before Andy finished speaking, the CEOs of the five organizations who were present all smiled and shook their heads at the same time. This quotation seems to be far from their psychological price, so they all shook their heads without hesitation to express their meaning .

"Pay in cash." Andy ignored the shakes of the heads of several people. He didn't intend to take all the shares in the hands of these big institutions. This offer is naturally incomparable with Qualcomm's previous highest price of US$56, but , In this financial turmoil, some Qualcomm investors have long been tired of waiting for the stock to rebound to get a return. No one knows how long the financial crisis will last and how far Qualcomm's stock price will fall.

Andy believes that as long as he announces the acquisition of Qualcomm shares at a price of US$35 a share, there will definitely be a lot of institutions selling them, and for the five major shareholders present, what Andy needs more is their support, support He replaced board members with his own, and he eventually assumed the chairmanship, taking control of Qualcomm.

"At present, the global economy is sluggish, and all countries have been hit by the financial tsunami. You have also experienced the time when the stock price rose to 56 US dollars.

Now the stock price has dropped to 28 US dollars. To be honest, no one can say how far the stock price would have fallen without the support of my large-scale acquisition. It is even more difficult to predict when the financial crisis will end.

Even under such circumstances, you still stick to Qualcomm, which is very valuable. If I succeed in taking over, what do you think, how about returning part of the overseas cash to shareholders? "

In Andy's view, the acquisition of Qualcomm is a gradual process and cannot be accomplished overnight, because more than 60% of Qualcomm's shares are in the hands of major institutions, which is to a large extent a fatal trouble. Major shareholders Strong, the board of directors is weak, and the board of directors is extremely easy to be overthrown by major shareholders.

If he wants to truly control Qualcomm, Andy can only coax these large shareholders to slowly figure it out. When he becomes the largest shareholder, he can use various methods to slowly give this group of institutional investors squeeze out.

As soon as Andy's proposal was uttered, the eyes of the five people present lit up slightly, and then they looked at each other. To be honest, they also had some headaches and they knew that Andy now controlled 15% of Qualcomm shares. There is no way to stop Andy Smith, a super rich man, from continuing his acquisition plan.

Now Andy Smith hopes to take over Qualcomm at a relatively small price, so he approached them and hoped to get support. If they refuse, it is conceivable that the smiling young man in front of him will not give up and stop the acquisition. Then, once the other party enters the board of directors of Qualcomm as the largest shareholder and obtains the authority of the chairman, the first They are the ones who will deal with them. Without much effort, a proposal that does not pay dividends for several years can kill them!

Can you stop it?

The five CEOs all saw helplessness and doubts in each other's eyes, and then they all cast their eyes on Andy Smith, who was still calm and calm, with a wry smile in their hearts. The main reason was that this guy was too rich to stop his money offensive at all.

"I will never treat my friends badly, and I am not a stingy person. If you have money, everyone can earn it together. There will be many opportunities for us to cooperate in the future. Some small companies under my umbrella may also need your financial support in the future to get better results. Faster development, what do you think?" Andy raised the corners of his mouth, showing his white teeth, and looked at each of them with bright and sharp eyes, and threw another bait to sway the other party's mind.

This time, the CEOs of the five investment institutions were shocked. Facing the deadly bait thrown by Andy Smith, no investment institution could refuse it. All investment banks in the United States, including Wall Street, knew one thing, and that was Andy Smith. The development potential of several IT companies in Smith's hands is very huge. As long as they are all listed, Andy Smith may even become the youngest richest man in the world.

In particular, he just acquired NBC Universal. You must know that this media empire is a private company and has not been listed. If they can get a part of the shares, they will definitely make a lot of money when they go public.

Andy looked at the five people with a calm and confident smile. He had too many chips in his hand, and he didn't worry that these vampires would resist the temptation. Look at it now, just throwing out one at random will make them show their greed. look.

"Why not?" Stephen Schwarzman, the co-founder of the Blackstone Group, said suddenly, and continued under the doubtful gaze of several other people: "I am very interested in Mr. Smith's proposal. Qualcomm's future needs more People with a strategic vision will lead. Everyone, since Apple launched the iCrazy mobile phone, the era of disruptive change has sounded the clarion call. The world has turned a new page. Qualcomm needs a longer-term strategic layout and development plan. I believe Mr. Smith Will lead Qualcomm to a more brilliant future!"

"Well, I agree with you, Stephen, I have no objection!"

"Mr. Smith, State Street Bank supports your joining. If the price is right, we are willing to sell part of the shares..."

"No problem. Over the past year, Qualcomm's magic has faded. Its revenue and profit growth have declined. I am very much looking forward to Mr. Smith's ability to let Qualcomm continue to perform magic!"

"Our Pioneer Group very much hopes to become friends with Mr. Smith and deepen cooperation..."

The corners of Andy's mouth rose more and more, and he smiled confidently, raised the champagne in his hand and touched everyone, "Thank you, in the future, everyone will be proud of today's decision! Happy cooperation!"

"Happy cooperation! x5"