Reborn as a tycoon in Hong Kong
Chapter 373: Intervening
"Snapped!"
A golf ball flies up from the ground and flies to the green, but the landing point is a little far away from the green.
"Yes, there is progress. You will get better if you practice your skills more, Allen."
Phil Smith's voice sounded nearby.
Wade Thomas smiled and said: "It's much better than the last time we played together, when Allen often hit the ball out of bounds."
Logan Rockefeller said aloud: "Just practice a few more times. We don't ask for how good we are at playing. As long as we play well and have fun."
"I agree with what Logan said, just be happy."
Lin Baicheng nodded in agreement. He had never touched golf before. If Phil Smith and the others hadn't brought him to play, he might never even touch golf. Poor skills are normal.
Today is Saturday. Wade Thomas invited Lin Baicheng to come here to play golf. Phil Smith and Logan Rockefeller also came together.
After playing golf for more than half an hour, the four of them went to the side to sit, rest and drink drinks.
Wade Thomas spoke up and said to Lin Baicheng: "Alan, I have something to ask you."
"you say."
Lin Baicheng was not too surprised. When Wade Thomas invited him to play here, he had guessed that something was wrong.
"Is such that."
Wade Thomas said: "We are currently in contact with Apple and are preparing to participate in Apple's financing. I would like to ask, what do you think of this company? Is Apple worth investing in?"
"Thomas, you may have asked the wrong person."
Looking at Wade Thomas, Lin Baicheng said speechlessly: "You know I am the major shareholder of Apple. No matter what time, I can never say bad things about Apple. So, my words have no reference at all. Value, because all I can say is how great Apple is."
"It's okay, Alan, just say it, we will judge the details ourselves."
Wade Thomas heard this and said, of course they know this, and of course they know the risks of investing in Apple. What they want to know from Lin Baicheng is the extent of the benefits that investing in Apple may bring. As for the authenticity, they have their own judgment, and they will definitely not believe everything Lin Baicheng says.
"I'll just say one thing."
Lin Baicheng thought for a while and said: "In November 1977, I valued Apple at US$6 million. It was still overestimated at that time. Now Apple's valuation is no less than US$90 million. This is your valuation at Goldman Sachs." It is also recognized. My investment at that time has gained at least 15 times in value today, more than a year later."
Wade Thomas heard the meaning of Lin Baicheng's words, and he said: "But IBM seems to be preparing to enter the personal computer market."
"so what?"
Lin Baicheng shrugged: "Apple has a first-mover advantage, and it is true that IBM's technology is stronger and more famous, but small companies also have the advantage of being able to take action immediately after making a decision, waiting for IBM to enter the personal computer market. We still don’t know when it will be. By then, Apple’s market value will be hundreds of millions of dollars. I can’t say that it will definitely beat IBM. At least it will still have some resistance.”
"We've thought about this too."
Wade Thomas nodded. If IBM could soon enter the personal computer market to compete with Apple, they would definitely not dare to enter the market and become a shareholder of Apple at this time. After about six months and a year, with the development of Apple Speed, should not be defeated in one blow, there is some competition.
"That's all I have to say, you decide for yourself whether you want to become a shareholder of Apple."
Lin Baicheng was not going to say any more. After all, no matter how much he said, Goldman Sachs would not listen to him when deciding whether to invest in Apple. It would only decide whether to invest based on the company's own judgment. If you talk too much, it will be considered that Apple is not that strong and will definitely not be able to compete with IBM, so it is not good to find helpers.
"Is the Apple company you're talking about the company that sells Apple computers?"
Seeing Lin Baicheng and Wade Thomas finish talking, Logan Rockefeller asked.
Phil Smith said with great envy: "This is this company. You just heard that Allen's investment increased by 15 times more than a year ago. If I had known that I would also invest in this company."
"This company's computers seem to be selling really well."
Logan Rockefeller nodded thoughtfully. The class he came into contact with could definitely afford Apple computers. He also saw many people using such computers, so he had some impressions.
Lin Baicheng listened and said: "Of course the sales were good, otherwise the market value would not have increased at least 15 times in more than a year. If Apple's normal valuation of US$3 million at the time was followed, in more than a year, this company would have The company’s market value should have increased 30 times.”
"So Alan, you invested in this company at a valuation that was double the normal valuation? Why were you so optimistic about this company at that time?"
Logan Rockefeller was very surprised when he heard this. Usually, a 50% premium for investing in a company is quite high, let alone a double premium.
"In my opinion, Apple computers are full of high technology, so I invested in them. Anyway, Apple's valuation was not high at the time."
Lin Baicheng gave a reason casually. He couldn't possibly say that he was a reborn person.
"Alan, if I want to participate in Apple's financing, can I?"
Logan Rockefeller suddenly asked Lin Baicheng that he had no concerns because Wade Thomas was here. After all, Goldman Sachs had not yet decided whether to invest in Apple. Furthermore, if Apple is really worth investing in, then it doesn't matter if it competes with Goldman Sachs. Business is business and cannot be confused with personal relationships.
"of course."
Lin Baicheng nodded slightly and said: "If you are really interested in participating in the financing, I can help you introduce Apple's management, Steve Jobs, and others. However, Apple's 20% stake in this financing will have a total valuation of no less than 90 million US dollars, maybe even higher, so if you participate in financing, no matter how small it is, you have to invest millions of dollars.”
"I still have this little money."
Logan Rockefeller nodded: "I will ask someone to investigate Apple. If it is determined to participate in the financing, then I will trouble you, Allen."
Lin Baicheng reminded: "Apple's financing this time will not take too long, so your investigation must be quick."
Logan Rockefeller nodded in understanding.
Wade Thomas did not interrupt, nor was he angry. After all, Goldman Sachs had not yet decided whether to invest in Apple. Even if he finally decided to invest, he could invest together with Logan Rockefeller, which could share some investment risks.
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