Global Monopoly of Technology

In a short while, the time came to March 2008. Luo Sheng went home in a low-key way for the New Year this time. During the Spring Festival in China, the global economy began to enter a stage of complete collapse. diving.

But there is no way, if you can't stop it, you have to frantically save the market.

Especially in the United States, there is a serious shortage of liquidity, a large number of real economies are unable to get loans, unemployment is rising, and GDP continues to collapse.

The Federal Reserve is implementing round after round of rate cuts, bringing interest rates to near zero and keeping them there.

In addition, the Federal Reserve has successively introduced the Doron quantitative easing policy, by purchasing a large number of asset-backed securities and selling treasury bonds, injecting liquidity into the market to save this economic disaster.

However, when the whole world was lingering in the haze of the economic crisis, Luo Sheng passed the new year happily, and it can be said that there was no pressure.

Years later, it is time for the crazy harvest.

It really confirms Buffett's saying: I am fearful when others are greedy, and greedy when others are fearful.

...

In early March, Bluestar Technology CEO Office.

Irene came to Luo Sheng's office with a document and asked, "The company's 2007 annual financial report has been audited long ago, are you still not ready to disclose it?"

Luo Sheng shook his head: "No hurry, let the bullets fly for a while."

Usually, the news was disclosed to the outside world at the end of January, but this time Luo Sheng was not allowed to disclose it, and the market has been looking forward to it. His actions have undoubtedly severely frustrated the market's confidence. The situation of Bluestar Technology may be worse than imagined, which is directly reflected in the crash-like diving of the stock.

This is the result that Luo Sheng wants. It is also deliberate to suppress the financial report and not disclose it. Anyway, as long as the release does not exceed the deadline, it will be fine.

General listed companies often combine the annual report and the new year's first quarterly report and publish it together. Bluestar Technology Group has not done this before, but it does not mean that it cannot do so.

Luo Sheng picked up the materials brought by Irene and watched silently.

Bluestar Technology Group's 2007 fourth quarter report and annual financial report ended December 31, 2007,

In the fourth quarter, Bluestar's global revenue was US$6.567 billion, a year-on-year increase of 10.78% and a month-on-month increase of -14.32%. Net profit was US$1.38 billion, an increase of -3.08% from US$1.423 billion in the same period last year.

Obviously, the economic crisis has spread to technology companies. Bluestar Technology Group's fourth-quarter performance declined for the first time, but there was no absolute loss. In the fourth quarter, it still achieved a net profit of 1.38 billion US dollars.

In other words, I didn't earn as much as before, but under this premise, I still made a lot of money.

If it weren't for the economic crisis that broke out in North America and spread to the world, the fourth quarter performance might have risen by about 30%. However, it is a bit difficult to have such a requirement in such a big environment. Instead, they're all diving.

Bluestar Technology Group's annual revenue in 2007 reached 28.152 billion US dollars, an increase of 102.88% compared with 13.876 billion US dollars in 2006, but this year's net profit for the whole year was negative, with a total net loss of 1 billion US dollars .

This is because in the third quarter, Bluestar Technology Group launched two new projects of "online cloud translation" and "virtual idol" at this time node, plus the investment layout of the e-sports industry, and acquired Vivendi Group at the same time. Owning 100% of Blizzard, these are the reasons for the huge increase in operating expenses.

Profits are important, but to see a company's influence ultimately depends on revenue data. Therefore, the world's top 500 companies are not ranked by profit, but by revenue. Bluestar Technology Group's revenue this year has remained unchanged. The triple-digit growth achieved a dazzling performance of 102.88%.

After a year of tossing and turning this year, it looks like a loss of 1 billion US dollars, but in fact, the company's assets have skyrocketed. More importantly, Bluestar Technology Group has not had a single debt so far, and has more than 17 billion in cash reserves. , this is the biggest reliance that allows Luo Sheng to be calm in the face of the global financial turmoil.

Now this juncture is the moment when cash is king. Bluestar Technology Group has more than 17 billion US dollars in cash reserves in the safe, and has no debt yet, so it can survive even the coldest economic winter.

Not to mention that Luo Sheng's offshore trusts still hold more than 40 billion US dollars of spare money, which can be used at any time without entering the stock market or Wall Street.

In any case, Luo Sheng could not face the possibility of no cash flow now.

About two-thirds of the way through the material, the landline phone at the desk rang, and it was Zhang Bowen.

"Mr. Luo, the company's market value has dropped to US$157.2 billion. Is it possible to buy back at the bottom?"

"Where are we here? It hasn't fallen below 150 billion. Don't worry, wait until it falls below the $100 billion mark." Luo Sheng said immediately without hesitation.

On the other end of the phone, Zhang Bowen, who was sitting in the executive vice president's office, heard this and said in surprise: "What? This... can it fall below the 100 billion mark? Is it so serious?"

Since 2008, all countries have been frantically saving the market, especially North America. The Federal Reserve has also released a series of measures for liquidity, but it still cannot save the market collapse. Zhang Bowen thought it was almost the same. The forecast is actually going to go down so badly.

Luo Sheng replied affirmatively: "Just do as I said, keep calm, let's talk about the second half of this year, our income may be greatly reduced this year, it depends on how much cloud services can be pulled back, this time throw money away It will be difficult to earn back in a short period of time after going out, and then you won’t have that much money if you think about bargain hunting.”

Zhang Bowen nodded and said, "Well, I understand!"

Luo Sheng: "That's it."

...

If technology stocks were already weak at the end of last year, then in 2008 this year, technology stocks also fell, and began to enter the stage of a big crash. The technology stocks that had been strong for nearly a year during the subprime mortgage crisis finally ushered in Cliff diving, and it is the kind of continuous jump.

As of March 2008, among the top ten listed IT technology companies in the world, Microsoft still maintains the first position in technology companies, but its market value has plummeted to 247.3 billion US dollars, evaporating nearly 100 billion US dollars.

The second-ranked listed technology company in the world is Bluestar Technology Group, which has also plummeted.

The third-ranked IT-listed technology company is Cisco, whose market value has fallen to $145.4 billion; the fourth is Google, whose market value has fallen to $132 billion; and the fifth is Intel, whose market value remains at $115.7 billion.

The current market environment gives the impression that countries in Europe and the United States are frantically saving the market, but the more the market is rescued, the more the stock market bounces, as if in a vicious circle.

You can't help it, otherwise it will be even more terrifying.

The panic index has already exploded, and the underwriters of Bluestar Technology Group are now waiting for the stocks in their hands to unlock the restricted sale period, but the restricted sale period will not expire until the second half of this year.

That is to say, there are still about three months before the stocks in their hands can be traded. As early as when the company's market value was at a high level, investors holding Bluestar Technology stocks wanted to rush to sell the stocks, but they were in a hurry during the sales restriction period. And helpless.

However, as long as the market value of Bluestar Technology's stock does not fall below 50 billion US dollars, there is still profit to be made, but compared with the market value of more than 200 billion US dollars at its peak, it is still bleeding.

However, in the following days, the global IT industry was suddenly very lively.

Because several IT giants have been directly or indirectly involved in a chaotic battle, the participants include Bluestar Technology Group, Google, Oracle and other world-renowned IT giants.

At the same time, IT technology giants such as IBM and Hewlett-Packard were also forced to join, and the focus was on the competition for MySQL in Sweden and Sun in North America.

...