American Fortune Life
Chapter 1570 The best business relationship is not a friend, but an ally
Andy's ambitious acquisition of Qualcomm, and the various big pies he drew, made Qualcomm's stock holders including Blackstone, American Vanguard Group, Fidelity International Investment Fund, State Street Bank and Wellington Management Group. Institutions have chosen to be his allies,
At this time, the panic-stricken Qualcomm board of directors is stepping up various investments to better maintain their current leadership in the company.
Through this acquisition of AMD's handheld device business, Qualcomm's board of directors hopes to convey to the outside world that they can also provide good services to investors, and will decide whether to support or reject the offer based on further developments in the future.
However, these behaviors are definitely happy for Andy. After all, he bought Qualcomm not to destroy it, but to plan for the future. He is optimistic about the future development prospects of Qualcomm. Monopoly on mobile chips.
And to do all this, Andy, who doesn't know much about the semiconductor industry, will naturally not commit the foolish behavior of laymen blindly directing experts, cleaning up the management, causing the company to fall into turmoil, and self-destructing the Great Wall.
Andy can't wait for the management of Qualcomm to be more capable! No one can stop him from joining Qualcomm's board of directors. Coupled with the shares he holds and the support of several large institutional shareholders, he has received more than 55% of the shares.
There is no suspense about the position of chairman of Qualcomm, and the current board of directors of Qualcomm is just doing its last desperate struggle.
This is because the so-called white knights who suddenly joined disrupted the situation, giving them the courage to resist. From the time when the board of directors was jointly pressured by major shareholders to kick out the son of the founder Jacob, everything was already doomed .
And the so-called "Don Quixote" project is also Andy's mocking name for those white knights.
In his view, the disruption of several white knights, including General Electric, is like Don Quixote riding a lame horse and holding a lance, charging towards a windmill-looking for death!
However, in order to implement the plan smoothly, an all-round linkage must be carried out, whether it is financial suppression, public opinion guidance, or the most important thing is to build momentum.
Building momentum is the top priority. Only by making the market and investors under the cloud of crisis suspicious and panic again can they leverage the overall decline of U.S. stocks. At that time, if you push yourself, there will be a financial stampede!
This time, he not only wants to complete his plan to hold more shares in Qualcomm, but also makes those forces who snipe at him vomit blood!
As for the financial panic that may be caused, Andy didn't take it to heart. Investors who are still swimming in the stock market are good at traveling. Dry bones. . .
"Thank you very much for your support. Whether it is the outside world or the industry, many people are wondering why I suddenly chose to enter the semiconductor industry. After all, I am a very layman in semiconductor technology..."
Andy sat in front of the computer monitor, looked at the heads of several large institutions holding Qualcomm shares in the six small windows arranged in a staggered manner in the video window, and talked with a smile.
"There is no special reason, but the main reason is that I am optimistic about the future of the semiconductor industry. I think that as the semiconductor industry slowly becomes more and more similar to traditional large industries such as steel and oil, the barriers to entry are high and the demand for capital is large.
In my opinion, with the development of chip technology, the romantic story of a few engineers working alone in their own garage to design a commercial chip will no longer appear, because it is impossible to use advanced technology without financial support. Without the use of advanced technology, there will be a lack of competitiveness in the market.
For large companies, the risk of developing new products is also increasing due to the increasing capital required for advanced technology. In the future, more and more companies will change their strategies in the market from desperately building new products and fighting against competitors to how to reduce risks and persist in the market.
This also indicates that the semiconductor industry will mature,
It means that in the future, on the one hand, the cost of using advanced technology will become higher and higher, on the other hand, players in the market will be giants, and it is almost impossible for new players to challenge these giants.
In the next few years, the semiconductor industry will usher in unprecedented company mergers and reorganizations to complete market segmentation.
Qualcomm is a company that I am optimistic about. To maintain a leading edge in future competition, it must not only have technology, but also have enough ambition and strength to continuously expand itself, maintain a leading edge, and not be swallowed up by rivals. And I have the confidence and ability to lead Qualcomm out of the encirclement.
Of course, this also requires the few of you sitting here to join hands with me to create the future. I believe that our future is extremely bright. When we occupy a dominant position in the market, we can formulate industry standards according to our wishes. I I believe that you should be very clear about what it will mean once we achieve this goal!"
In order to win over these allies who supported him, Andy expressed his thoughts and future plans to the allies frankly for the first time. To put it bluntly, he wanted to let the allies know that Andy Smith was not on a whim, but had a long-term plan. plans and strong ambitions.
And the heads of several investment institutions, upon hearing Andy's words, their eyes flickered and their expressions changed slightly. For investment institutions like them, the continuous growth of the target company, the expansion of assets, and the sudden increase in market value are undoubtedly fatal. allure.
As for whether Andy Smith is drawing big cakes, the six people present did not question it, because Andy Smith has gone all the way, it is a process of acquisitions and mergers to strengthen himself, and they will never doubt that Andy Smith is only used to Predatory sharks will switch to vegetarianism. They seem to have seen that when Andy Smith really straightened out Qualcomm, the semiconductor industry will set off a bloody storm of mergers and killings!
"Mr. Smith, don't worry. We, Blackstone Group, are very happy to cooperate with you. If you need anything, please feel free to tell us."
"Yes, Mr. Smith..."
. . . . . .
"Thank you, thank you for your support."
Hearing the statements of the six allies, Andy's smile became brighter, and he smiled at everyone: "Everyone, please rest assured, the first thing I do when I become the chairman is to return overseas funds and distribute dividends to shareholders."
Nothing can unite people's hearts more than interests. Following his words, the faces of the six people in the video all showed satisfied smiles. You must know that when the Jacobs and his sons were in power, Qualcomm's plan for overseas capital dividends had always been rejected. Various reasons were suppressed and intentionally ignored. Many investment institutions had already expressed their opinions. However, Qualcomm has maintained rapid growth and its stock price has also risen all the way, so all dissatisfaction and contradictions were temporarily suppressed.
With the advent of the financial crisis, Qualcomm's stock price has been falling all the way, and major investment institutions have also been affected by the financial crisis. They have tightened their belts to live, and their thirst for cash has reached an extreme level. Investors and Qualcomm's management, and at this time, Andy entered the market to conduct a hostile takeover of Qualcomm, and proposed a plan to repatriate overseas funds for dividends, which immediately fell into the arms of these institutional investors.
In particular, Andy Smith's ability to make money has always been shown by these greedy investment institutions. For these investment institutions, whoever can bring them more benefits is the uncle. Besides, in order to win them over, Andy even threw out a big pie that allows them to invest in their companies in the future. The investment institutions who have long been envious of Andy's high-quality assets are extremely excited.
You know, although many of Andy's companies have been established for a short period of time, almost all of them have great potential. For companies like Mockingjay Games, which are almost like money printing machines, Wall Street has long been jealous and anxious to think. It's time for a share.
It's just that Andy Smith has been holding on tightly, and everyone can only stand aside, drooling, and watching. And now he let go of his promise and is willing to take them to play. For them, this is simply the good news they dream of!
"Everyone, this video connection with you is really a little busy, I need your help..."
Just after Andy finished speaking, the six people in the video window all said in unison: "Please tell—"
"Hehe, it's actually not a big deal. I hope that some of you will sell some Qualcomm stocks in step with me in the future!" Andy stared at the six people with different expressions on the computer screen. , said in a firm tone.
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