Reinventing the Millennium

Snapped!

Qualcomm’s acquisition of Avago is a snap!

Snapped!

Chen Fuyang’s intention to seize power was very straightforward!

Just when the media and industry were still lamenting Qualcomm's determination to expand from Broadcom to Avago, Chen Fuyang, CEO of Avago, has stood up more resolutely!

Could you be more determined?

This is only one day...

No, it should be said that it is Qualcomm's senior vice president Chen Fuyang who has launched a throne challenge to the leader. He has expressed with practical actions that he does not want to be a senior vice president at all, nor does he want to be the planned COO, but he wants to be the CEO. !

Is it worthy?

"Fuyang Chen is not worthy of being the CEO of Qualcomm, and the extraordinary general meeting of shareholders is just a farce!"

"He doesn't even deserve to be called 'Little Fangzhuo'. He has no business ethics and no bottom line. It makes Mr. Fang ashamed!"

"How did Qualcomm treat him? It was willing to acquire Avago at a premium, it was willing to hire him as a senior vice president with a high salary, and it was willing to let him be responsible for more investment and mergers and acquisitions. Isn't Qualcomm's sincerity enough?"

"How did he repay Qualcomm?"

"If he is unwilling to serve at Qualcomm, Avago may not accept the acquisition, or he may not accept the position, but he has already accepted it, and to provoke conflicts like this is both despicable and short-sighted!"

"It is impossible for a foreign barbarian like Chen Fuyang to win the support of the majority of Qualcomm shareholders. Qualcomm shareholders cannot be so short-sighted!"

"Chen Fuyang's delusion to control Qualcomm is destined to be a soap bubble that will burst as soon as it is popped."

The San Diego Union-Tribune, a local newspaper in the city where Qualcomm is headquartered, strongly criticized Chen Fuyang's bad behavior in trying to seize power. Although Avago is legally part of Qualcomm and Chen Fuyang already has a position in Qualcomm, this is completely It is completely a malicious power grab that is no less than a hostile takeover.

In the final analysis, Chen Fuyang started too quickly and showed up impatiently as soon as the acquisition was completed. It was difficult not to cause a backlash in public opinion.

After all, he had appeared with Jacob before and acted very docile.

Because this involved the changes in Qualcomm, the Chinese media also followed up on the situation a little bit. They found a very appropriate description for the former and later arrogance - "This is what happened to Qualcomm, 'Wang Mang was humble and respectful but did not usurp the time.'"

Because the leader Jacob is still flying back to the sky, Qualcomm has not given a public response for the time being. Only some executives can't help but feel weird, and they have also not determined the time for the extraordinary shareholders' meeting.

Fang Zhuo only called Chen Fuyang a day later. He also discussed the situation of public opinion and felt that whether the launch time was worthy of discussion.

Chen Fuyang understood the meaning, attached great importance to Mr. Fang's opinion, and said sincerely: "Mr. Fang, I think you launched the acquisition of Sina very quickly after the preparations were completed."

Although it is no longer a hostile takeover, when Avago made a hostile takeover of Qualcomm, he had studied many related cases. The hostile takeover of Sina has been included in many business school textbooks. Chen Fuyang not only read it, but also conducted Repeated research has yielded a lot.

"Well..." Fang Zhuo didn't expect that this person would suddenly bring up what happened to him back then, and he muttered, "The situation is still different."

Chen Fuyang is a very diligent and studious person. After hearing this, he immediately asked this evil teacher and bad friend on the road to seizing power: "Mr. Fang, why do you teach me?"

Listening to the respectful tone on the other side, Fang Zhuo always felt that something was not right. He thought about it carefully and said: "Since it has been launched, there is no need to worry about the time. Jacob has probably landed. You two will inevitably attack each other. No matter how good you are at Avago, you have not proved it at Qualcomm. Instead of proving your goodness, it is better to pursue and beat Jacob's badness. "

You may not be very good, but Jacob must be very bad.

He took a breath and continued: "Even the current situation of initiating an extraordinary general meeting of shareholders is due to Jacob's decision. If he hadn't insisted on acquiring Avago, how could you have seized power."

Listening to these words, Chen Fuyang's eyes unconsciously fell on the documents he had just compiled, which were all descriptions of the new Qualcomm business, trying to outline the company's future development.

Because he has to compete for CEO and win the votes of shareholders, he plans to focus on talking about his plans before the shareholders' meeting.

However, it seems that Mr. Fang’s approach sounds more effective.

He understood what Mr. Fang meant, not to criticize them all, but to prioritize them.

Chen Fuyang thought about it, and finally a thought came to his mind: Mr. Fang is very experienced and deserves to be a veteran villain.

"It won't be too late for Qualcomm to determine the time. However, I don't think there is any need to passively wait for the extraordinary shareholders' meeting. You are the senior vice president of the company. You can hold more small meetings to let the shareholders who are inclined to you Let's invite shareholders from the opposite camp to come and listen to your thoughts." As Fang Zhuo said this, some past events popped up in his mind.

He waited for Chen Fuyang's response and continued: "Jacob's difference has been proven in the past, but we still need to talk about the fact that the new Qualcomm under his leadership will only be worse. The competitive environment that was so good in the past is now so bad." "In the future, with Intel and Yike, how can he be better in a more fierce competitive environment?"

"Jacob took over the company from his father and followed the old-fashioned way. It was not until this year that he began to try capital operations. If Avago had not made large and small acquisitions over the years, how could it be where it is today? If Qualcomm had the courage of Avago , how could it happen today?”

"A new era has arrived, and it's time for a new captain. Jacob is just paying for the wrong decisions of the past."

"Mr. Chen, you might as well issue a military order. Anyway, the new Qualcomm will be stronger than before."

Fang Zhuo chatted a lot with interest.

But Chen Fuyang did not take it casually, but carefully chewed and absorbed the nutrition of the old villain.

No matter what happens in the future, Mr. Fang is consistent with his position now. He hopes to replace Jacobs and become the CEO of the new Qualcomm.

The call time was not too long, but Chen Fuyang felt that he really needed to revise his plans for the future.

On October 6, someone from San Diego photographed Jacobs who showed up in a hurry, which means that Qualcomm’s official response is not far away.

Sure enough, one day later, Qualcomm confirmed that it would hold an extraordinary shareholders meeting on November 15.

This news made Fang Zhuo startled. As expected of the former Iron Triangle, they still had some tacit understanding. They all chose the same day for the meeting. Yike's Mars 8.8 was also going to be released on this day.

If we calculate the time, the press conference will still be held at the "Yike Center" in Shanghai this year. It should be the morning here, that is, before the Qualcomm extraordinary shareholders meeting is held to launch new products.

Perhaps, this can also help Chen Fuyang in a small way.

Qualcomm has been able to seize Samsung's high-end brand this year. Snapdragon 810 also uses the world's best 20nm process. However, Yike's 16nm this time is directly different from the two.

So, what will Qualcomm shareholders think?

This is certainly the manufacturer's problem, but does Jacob have no responsibility at all?

Bingxin used to be a close partner of Qualcomm, but this relationship has now fallen apart.

"That's it. I'll go back to China at the end of the month to enjoy Qualcomm's melons in Shanghai. All the cooperation contracts that should be renewed with Yike have been renewed. The budget for this batch has also been approved. There are also some friends before returning to China. I’ve seen them all.”

"Mr. Yu, the United States will be handed over to you for the time being. You will be taking up the post in Shanghai at the latest during the Spring Festival next year."

Fang Zhuo finally told Yu Hong that he still needed to fly to Washington.

"Okay, no matter what, Mars 8.8 is the most powerful machine today. As long as the production capacity is in place, it will sweep the global market." Yu Hong has also personally experienced the new product and is very confident.

From 2007 to this year, this is the pinnacle of Yike smartphones.

Fang Zhuo smiled at Yu Hong and stretched out his right hand: "See you in Shencheng."

Yu Hong shook his hand slightly and said nothing more, just sending the boss downstairs.

However, she watched Mr. Fang get into the car, and before she even went upstairs, she saw the reporter from across the street rushing towards her.

Yu Hong roughly knew what was going on and was not interested in it, so she returned to work.

Fang Zhuo, who was in the car, listened to the questions about Qualcomm and these unfounded conjectures and conspiracy theories. He didn’t just walk away, but responded angrily: “Qualcomm is going to hold an extraordinary general meeting of shareholders, and I have to ask for this. Taking the blame?"

"I'm not a shareholder of Qualcomm."

"Yike is indeed in competition with Qualcomm, but it is not our company that vetoes Qualcomm's acquisition."

"Sigh, conspiracy theories are prevalent everywhere. The failure of Qualcomm's acquisition was because of its monopoly over the past few years, not because of me or Yike."

“I don’t know where you heard the news from, and I don’t know who is spreading rumors about me. I can only say that if Qualcomm makes a similar statement, it is conducting a public relations move to try to pass on the consequences of its own monopoly to its competitors. body."

"Not to mention anything else, oh yes, since you are interviewing me, let me announce an arrangement by the way. Yike's autumn conference this year is scheduled for November 15th. Everyone will be there by then."

Fang Zhuo gave a fairly complete response.

This matter is mainly due to Chen Fuyang's subjective initiative, which is causing the trouble. So, there should be no problem, right?

With this response, a reporter also interviewed Jacob, the leader of Qualcomm who has returned.

Jacob was still angry and determined that the person named Fang must be causing trouble here, but it was not easy to say this in front of the media.

He could only reply stiffly: "Qualcomm is still operating according to the plan. Those malicious actions will be quickly foiled. We are still on the right path."

Jacobs also asked the reporter: "Do you think Chen Fuyang is more suitable to be the CEO of Qualcomm than me?"

He spoke in a very disdainful and contemptuous tone.

Chen Fuyang's appearance surprised him, but he seemed to have a better chance of winning anyway, so he didn't panic at all.

The real person involved was probably the last one interviewed by the media. Chen Fuyang heard the content of Mr. Fang’s interview and Jacob’s response. He just smiled and said: “It’s not like I’ve never been a CEO. If Qualcomm’s shareholders They are willing to let me serve as CEO, and I will be happy to face this challenge.”

"I think whatever I do will be good. After all, I am not Jacob's 'Mr. 62 billion'."

"Even if a dog is tied to the CEO's seat, Qualcomm's market value won't fall to US$62 billion, right?"

"Jacob has made history. If everyone expects me to be no worse than Jacob, then please rest assured that I will not be worse than him."

Chen Fuyang smiled broadly, not at all dissatisfied with the aggressiveness of the reporter.

In the following public occasions or secret meetings, he always mentioned "Mr. 62 billion" and directly replaced the name "Jacob" with this nickname.

In fact, it doesn't matter what the public opinion is like. The public opinion does not hold Qualcomm shares. Now it is Qualcomm shareholders who are choosing, and they really hold shares with fluctuating values.

Chen Fuyang's actions are frequent, some of which remain hidden, and some are exposed by the participating shareholder representatives. For a time, true and false news were flying all over the sky.

On October 9, because Fang Zhuo revealed the information to the media in advance, Yike's official website simply counted down in advance, and directly used the 9th as the starting point to preview the 15th of next month.

Everyone knows that this is Yike's press conference, but the press conference coincides with Qualcomm's extraordinary shareholders' meeting, and this countdown is inevitably ridiculed as "Friendly Competitor Countdown" and "Jacob's Timetable"...

On October 13, Intel submitted a plain application for the full acquisition of Broadcom to the global audit agency, which hardly attracted much attention.

Either they are paying attention to the changes within Qualcomm, or they are looking forward to and speculating on Yike's new products this year.

Fang Zhuo, who is in Washington, asked the FTC for its review opinion nearby, and learned that there is indeed no intention to veto it, and is also happy to see that the new Qualcomm has a rival that can balance the market.

But before Intel went through the last stage of the review, Yike had already determined the technical cooperation with Intel, which was a work result promoted by Fang Zhuo in the United States.

On October 15, Apple held a new product launch conference and launched the iPhone6 ​​Plus, becoming the second brand to be launched among the three major brands.

Compared with last year, an extremely obvious change has attracted everyone's attention. Last year's "cheap version" iPhone was not continued, and Cook's controversial decision was indeed proven wrong by facts.

However, Apple's new products this year did not have many surprises. In addition to the A8 chip, which was also manufactured by Taiji 20nm, the other more noticeable thing was the larger, clearer, and more scratch-resistant screen, which was somewhat disappointing.

After Fang Zhuo watched Apple's press conference, this trip to the United States was coming to an end, and the dispute between Jacob and Chen Fuyang was completely on track.

Jacob: Chen Fuyang has no experience in leading a mobile phone chip company!

Chen Fuyang: You are Mr. 62 billion.

Jacob: Chen Fuyang's acquisition of Avago was unethical!

Chen Fuyang: You are Mr. 62 billion.

Jacob: Qualcomm shareholders should open their eyes. Chen Fuyang's semiconductor experience is not rich!

Chen Fuyang: You are Mr. 62 billion.

Jacob: Can you say something else?

Chen Fuyang: Oh, you used to be Mr. 100 billion, but only once.

…