Reborn as a tycoon in Hong Kong
Chapter 358 Apple prepares to raise funds
"Alan, IBM is an industry giant. Its entry will indeed put great pressure on our company. But it is also because IBM is a giant and its internal relationships are complicated. It is not easy to enter the personal computer market. It can be implemented immediately. We believe that this time will not be too short, and the product needs to be designed, it will take more than a year for the product to be actually put on the market, and this period of time is a good period for our development.”
Jobs said aloud, but he was worried that Lin Baicheng was afraid that IBM's entry would cause the company to fail to develop, so he sold his shares in advance.
Lin Baicheng nodded and asked: "What do you think about IBM's entry?"
Jobs said: "We decided to unify the ideas of all shareholders and directors first, hoping that everyone can work together and not sell their shares to IBM. This is the most critical thing."
"There's no problem on my end."
Lin Baicheng nodded and said, "As for Mr. Makkula, what are you going to do?"
"Steve and I will persuade Mike, but if Mike insists on selling his shares, we can't force him. We can only find other capital to buy Mike's shares to prevent Mike's shares from being acquired by IBM. .”
Jobs talked about their plans after discussion. IBM will definitely become a competitor of Apple in the future, so the company's shares must not be sold to IBM, otherwise it will be detrimental to Apple when the two parties are in a competitive relationship. In a very simple way, shareholders have the right to know the company's development plan. If IBM becomes a shareholder of Apple, then Apple will not be able to hide some decisions from IBM. How can it compete with IBM?
Lin Baicheng nodded: "If I can't find the capital to take over, I can buy out these shares."
After hearing this, Jobs couldn't help being silent for a while, and finally said: "Alan, you already hold 30% of the company's shares. If you buy more of Mike's shares, it will be too much."
"I know what you mean. What I'm talking about is that if there is no capital to take over, if there is capital to take over, of course it will be bought by someone else."
Lin Baicheng knew that Jobs was worried that he had too many shares, which eventually led to him controlling Apple, which was unacceptable to Jobs and others.
"As long as you understand, Allen."
Jobs stopped talking about this topic and changed the subject: "Allen, whether Mike wants to sell his shares this time or not, there is one thing that I still need to consult with you, the major shareholder."
"What's up?"
"If we refuse to be acquired by IBM, then IBM will definitely enter the personal computer market. Before IBM enters this market, we think we should speed up the company's development. Let's put it this way, we think the company should launch external financing and obtain a Invest funds in development and strive to occupy more markets before IBM enters the market." Jobs said.
"That's a good idea."
Lin Baicheng pondered for a moment, then nodded approvingly. IBM is a giant in the computer industry. If it enters the personal computer market, it will inevitably have an impact on Apple. Therefore, it is indeed a good strategy to accelerate the development of itself before IBM enters this market.
"Alan, then you agreed?"
Jobs immediately asked, Lin Baicheng holds 30% of Apple's shares. If Lin Baicheng does not agree, there is no way this matter can be done. In fact, they don't want to dilute their shares if possible, but with IBM as a big enemy, in order to prevent their shares from becoming worthless in the future, it is necessary to dilute their shares so that the company can obtain development funds.
Lin Baicheng did not answer, but asked: "How many shares have you decided to use for financing?"
"At least 10%, and no more than 15% at most. We will discuss the details later."
Jobs did not hide anything after hearing this and told them their general plans.
"A lot."
Lin Baicheng pondered after hearing this, and after a moment he said: "Jobs, there is no problem in taking out shares for financing, but I don't want my shares to be diluted, so I can pay the corresponding financing funds."
"Alan, if possible, Steve and I don't want to dilute our shares before the company goes public, because the company is developing quite well now. However, now we have IBM as a potential competitor, and we must speed up development before IBM enters the market. speed, so every one of our shareholders should contribute together.”
"Alan, you are the company's major shareholder, holding 30% of the company's shares. Once the company cannot compete with IBM, there is no point in holding more shares. So, you should set an example and join us. Give us shares and everyone will contribute together.”
Jobs persuaded Lin Baicheng that if Lin Baicheng was unwilling to dilute his shares, it would mean that they would dilute more shares, which they did not want.
"Jobs, you are right."
Lin Baicheng guessed that Jobs would not agree, and immediately said: "Then I will give up half. I accept that the shares will be diluted by half, and I will pay the remaining half in cash. Is this okay?"
"Alan."
Jobs heard this and wanted to persuade him.
"Jobs!"
Lin Baicheng raised his hand to stop Jobs from trying to persuade him. He said seriously: "I have contributed a lot to the development of Apple. Apple was able to obtain an unsecured loan of US$10 million from Goldman Sachs because it was guaranteed by my credit." .Without me, the company would not have been able to develop so fast. You shouldn’t deny this, right?”
"That's what you said, Allen."
This is true, and Jobs certainly wouldn't deny it.
Lin Baicheng said: "I didn't have any requirements for Apple before. Now I just want to dilute less shares. Besides, Mr. Makkula wants to sell his shares to IBM. If he doesn't sell his shares, let him It would be nice to have more shares, but he is not as optimistic about Apple as I am."
The reason why Lin Baicheng wants to dilute the company less is because he feels that after Apple raises capital, it should still be able to go public as it did before his rebirth. In this way, less shares will be diluted now, and he will earn more after the listing.
"Okay, now that you said so, Alan."
Jobs said no more and said: "As for the financing, it should wait until after New Year's Day. We will contact you Allen again then."
"Well, I will send someone to participate when the time comes."
The amount involved in Apple's financing this time is not small, so Lin Baicheng will send people to participate in the entire process instead of waiting for Apple to complete relevant negotiations before giving money directly.
After the serious talk, Lin Baicheng and Jobs did not stay in the study for long. They left the second floor and returned downstairs.
The party was still in progress, and Lin Baicheng greeted the guests and chatted with them in turn. Although most of the guests were his subordinates, even among them, Lin Baicheng wanted to chat more with them to enhance their relationship.
[In the previous chapter, IBM’s bid for Apple was changed to US$80 million. US$150 million is too high and does not affect reading]
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