American Fortune Life

"Crack, click—"

"... related matters, we filed a preliminary proxy statement with the SEC.

After careful evaluation of the seven nominated director candidates, the Corporate Governance Committee believes that the nominations are not conflicting and would bring additional skills or expertise to Qualcomm's board of directors.

At the general meeting of shareholders on February 6, 2009, seven of the current 11 directors of Qualcomm's board of directors changed. Rio Reyes, CFO Hariyu of Liberty City Technology Holdings. . . . . .

Proposed by the company's regulatory committee, the company's board of directors unanimously decided to formally elect Andy Smith as the chairman of Qualcomm at the annual general meeting held on February 6, 2009.

Andy Smith was born in 1984. . . . . . "

The Qualcomm spokesperson stood on the rostrum, facing hundreds of media reporters, and officially announced the resolutions and election results of the Qualcomm shareholders meeting.

"...Qualcomm is better positioned than anyone else in mobile, internet, automotive, edge computing and networking. We believe we can create additional value for our shareholders."

Following the spokesperson's concluding statement, the Qualcomm acquisition that had been turmoil for several months was completely settled, and it ended with Andy Smith completing control of Qualcomm at a very small cost.

It also marks that, starting today, Qualcomm, a leading company with an unshakable position in the field of mobile phone chips, has officially entered the era of Andy Smith.

There is such a company. . .

Ordinary people may have never seen its products. . .

But it pays for it every day. . .

It is the most "hate-pull" company in the communications industry. . .

Almost every company is gnashing their teeth at it. . .

It is also the most litigious company in the industry. . .

Not saying goodbye. . .

Is being sued by others. . .

Why does everyone "hate" Qualcomm?

Why is Qualcomm hated or even feared by the entire industry?

After all, it's all because of "patents."

Sitting in the chairman's office, Andy felt extremely excited, not because he finally took the chairman's throne, but because he saw Qualcomm's asset list, and felt that he was really sitting on a super gold mine!

Qualcomm has 130,000 patent reserves in the field of communications, not only in the field of chips, but also in mobile communications and even the necessary technologies for many basic operations of smartphones.

In particular, no matter whether a smartphone uses Qualcomm chips or not, it will inevitably use the necessary patents developed by Qualcomm, with the help of Qualcomm's research and development results. In this way, it is inevitable to pay patent fees to Qualcomm.

"Tsk tsk, is this the "Qualcomm tax" that those mobile phone manufacturers are talking about?" Andy's eyes lit up, casually flipping through the stack of list files in his hand, and said to himself happily.

According to Qualcomm's patent authorization rules, mobile phone manufacturers must pay a certain percentage of licensing fees to Qualcomm based on the selling price of the mobile phone.

Of course, this charging method is not an invention of Qualcomm, because it is a long-term practice in the current communication industry that Motorola, Ericsson, and Nokia all determine the authorization fee based on the selling price of the mobile phone.

However, it is precisely because of Qualcomm's "overbearing" taxation that governments from various countries are dissatisfied with Qualcomm, so they frequently initiate anti-monopoly investigations against Qualcomm.

In 2005, Broadcom of the United States launched an antitrust lawsuit against Qualcomm, and finally reached a settlement, and Qualcomm paid nearly $900 million to Broadcom.

In 2007, South Korea conducted an antitrust investigation on Qualcomm, and the lawsuit is still in progress. . .

In the same year, the European Commission conducted an anti-monopoly investigation on Qualcomm based on reports from six companies including Nokia, but there was also no conclusion yet.

is under negotiation.

Andy looked at the antitrust investigation materials of South Korea and the European Commission sent by CEO Steve Mollenkov, and threw them aside casually, sneering again and again.

Andy understands the thoughts of these countries very well, but since Qualcomm has become his own company, he will naturally not bow to these envious countries.

Isn't it an antitrust investigation? Shouldn't you be fined?

Okay, I would rather go to court and pay a fine, and Andy will not bow to these countries. This will not only make a bad start, but also affect the patent licensing and reverse licensing models that Qualcomm relies on for survival.

You know, when he saw the reverse licensing clause for the first time, Andy was shocked, shocked by the shamelessness of the Qualcomm group.

The so-called Qualcomm reverse licensing clause means that any person or company using Qualcomm products needs to license their patents to Qualcomm and others who use Qualcomm patents free of charge.

That is, books. To some extent, Qualcomm makes other people's patents a piece of waste paper.

Andy doesn't know how shameless and greedy the person who came up with this kind of clause was, but now, Andy really wants to tell him that it's really fucking awesome to be able to come up with such a shameless clause !

Because Andy knows better than anyone else that the real core of Qualcomm is chip technology and huge patent barriers. As long as they firmly grasp these two trump cards, even if they are gnashing their teeth with hatred, they can't do anything about Qualcomm, because Qualcomm's There are too many and too important patents, and they can't get around them at all.

"Beep—"

Andy glanced at the answering machine on the desk, reached out and pressed it, and the voice of the little assistant came.

"Boss, Steve Mollenkoff has arrived..."

"Ask him to come in."

"Okay, boss."

After releasing the button, Andy rearranged the documents in his hand and put them on the tall stack of documents beside him. He let out a breath, looked at the piled up unread documents beside him, and couldn't help shaking his head and laughing.

Although he can completely grasp all the situation without doing everything himself, he will definitely not be a decoration chairman. How can he be a hands-off shopkeeper for Qualcomm, which he has taken over with ambitions, not to mention, he is just now Holds a 26% stake in Qualcomm.

To complete the annexation of Qualcomm, Andy's follow-up plan is equally important. The first step has been successfully achieved, and the next step is to complete the control of Qualcomm step by step. Use every opportunity to increase your own personal shares. As long as you hold more than 51% of the shares, then all the shackles that can restrain him now will disappear.

"Boom——"

"Come in!"

"Director."

"Sit down, tell Tori what to drink." Steve Molenkov, who rushed in with a smile on Andy's face, nodded.

"Thank you, coffee is just fine." Steve Molenkov saw the two stacks of documents on Andy's desk, and his pupils were stunned after watching Andy put the documents he had already read on the small stack of documents. Shrinking slightly, he smiled and said to Tory Black, assistant to the chairman standing beside him.

"Just now, I received a congratulatory call from Cook of Apple. In addition to congratulating me on becoming the chairman of Qualcomm, the other party told me that Apple decided to settle the previous lawsuit. I agreed. The follow-up of this matter will be handed over to You." Andy put the file away, and said with a faint smile on his face and Steve Molenkov.

"Reconciliation?" Steve Mollenkov frowned slightly, and after muttering, he nodded and said, "In the end, Apple will lose the lawsuit with Apple because they can't produce any evidence. A fine, but we still have a cooperative relationship with them after all, if we really want to lose this big customer because of this matter, it will be more harm than good, maybe this is the best solution."

"Well, I think the same way. Apple's smartphone business can't get around us no matter what. There's no need to be hostile to Apple, which has already set the trend. Everyone is trying to make money." Andy nodded and smiled, just stood down He restrained his smile for a moment, and said with a serious expression: "However, when dealing with Apple, you can't back down. Even if our two companies have reached a settlement, in the future, with Apple's dominance, we will inevitably be hostile to them again. You can tell me about this." Make sure you know it.”