Reinventing the Millennium

Chapter 762: Reduction (two-in-one)

Although Fang Zhuo still showed favoritism towards Chenxing, Liang Gongwei and his team, who were originally going back to the treasure island, changed their itinerary and planned to continue to spend some time in Silicon Valley.

Fang Zhuo is responsible for this, and the attitude of Mr. Liang and others also determines the style of Morning Star to a large extent. Both Yike and Bingxin need hard-working collaborators, and a hard-working Morning Star is good for everyone.

However, the emergence of MediaTek, a competitor that gave Morningstar nightmares, also made Fang Zhuo re-examine Morningstar and the IC design process.

All along, most of his attention in semiconductors has been focused on catching up with advanced manufacturing processes. Over the past three years, relying on policy support, help from business partners, support from friends, and a few tricks, it happened to be that the management of Taiwan Journal After making mistakes after the change, he finally became decent and began to try to catch up across generations.

The development of mobile phone projects has further brought the value of IC design in the industry chain to the forefront. It can make products more competitive and not just a solution integrator.

For entry-level products, MediaTek is a choice, and Morningstar is a choice. When they are optimistic about the opportunities of the new system, they also express their expectations for a higher positioning. This is obviously a foreseeable development path.

Considering the current time point, Fang Zhuo feels that he will soon have the opportunity to try to recruit a group of first-class design talents. He can establish a joint subsidiary with Morningstar to cooperate for this period of time, and will also strengthen acquisitions in the future. Actions.

On June 23, towards the evening, Fang Zhuo ended up listening to reports again after frequent meetings in the past few days, thinking about meeting Stringer, the head of Sony, in the near future, and finally implementing the cooperation on image sensors.

Boom, boom, boom.

There was another knock on the door in the office that had just fallen silent.

"Brother Wang, why are you in such a hurry? Sit down."

Fang Zhuo's face looked a bit wrong when he saw Wang Yan walking in.

After arriving in Silicon Valley from Houston, Sina's executives have almost finished their vacation, and have changed from Facebook experiencers to examiners of high-tech companies.

"I received news from China. I received a call from New York in China, notifying me of a holding reduction plan from MIGA Fund. It will reduce its holdings by about 5% in the next few months." Wang Yan did not sit down and reported I told the chairman the latest news in a formal manner, going around and around, but the source was actually right in front of me.

Both MIGA Fund and Yike Investment have seats on Sina's board of directors. The former holds 9.6% of the shares and the latter holds 15%. Both companies undoubtedly implement Mr. Fang's will.

"Oh, this matter is a financial judgment of the MIGA Fund and will not affect Sina's situation." Fang Zhuo reached out again, poured another cup of tea, and said kindly.

Wang Yan frowned. MIGA Fund had previously reduced its holdings and bought, but this time it suddenly sold 5%, which was really shocking.

He still sat down and said tactfully: "Mr. Fang, our recent performance at Sina is quite good. If nothing unexpected happens, the stock price will rise in the second quarter thanks to the record highs of "World of Warcraft" and advertising revenue. "

"It is the overall environment judgment made by the fund." Fang Zhuo pondered for a moment, "It is approved by me and has nothing to do with Sina's performance."

Wang Yan couldn't help but ask: "Is it related to Sina's positioning?"

Fang Zhuo smiled and said: "What positioning?"

"We are positioned to be close to Mr. Fang." Wang Yan gave an unprofessional expression and complained, "Mr. Fang, we don't do e-commerce and social media. Social media invests in it. In the blink of an eye, You, the major shareholder, want to pack up and leave, this..."

MIGA Fund is not just a foreign fund for Sina, but also represents the actions of major shareholders.

There is no doubt that Mr. Fang, the major shareholder's reduction of holdings, has a negative impact on the market and has a negative impact on the stock price.

Although Mr. Fang is still the major shareholder after reducing his holdings,...

Wang Yan didn't come to Mr. Fang immediately after receiving the call. Instead, she thought about it for a while, but she couldn't figure out what Mr. Fang was thinking.

Isn't this reduction just the beginning?

Will Sina usher in bigger changes?

Could it be that Mr. Fang has also lost confidence in domestic portals?

A godson is a godson...

Wang Yan took a sip of tea and sighed slightly.

Fang Zhuo could see Mr. Wang's mood, thought for a while, and changed to a comforting way, saying: "Don't talk about Sina, Yike now also has a plan to reduce its holdings."

Wang Yan suddenly raised his head, his eyes a little strange, what? Isn't Yike even considered his biological son now?

Fang Zhuo spread his hands: "Look, I'm not lying to you. It's a financial judgment and a judgment of the overall economic environment."

Only then did Wang Yan start to think again about the reasons given by Mr. Fang at the beginning. If even Yike started to reduce his holdings, this judgment would be quite true.

The cell phone on the table rang.

Fang Zhuo glanced at the caller. It was from the Anliang Chamber of Commerce.

After he got through, he chatted for a few words. After hanging up, he said to Mr. Wang: "Another person called me because of fund operations. Brother Wang, I don't have any other ideas about Sina. I still have to watch the Olympics on Sina." Well, don’t worry, now just look at Facebook’s development.”

Facebook is currently undergoing a transformation from college + high school to a social network for all. This is also a situation that Sina executives are focusing on.

Wang Yan nodded slowly and reported a few words: "FB has made a change in the information flow for the sake of social networking for all people. It seems to be quite effective now. Moreover, it still firmly insists on allowing users to register with their real names. I’m afraid it won’t be easy to implement in China.”

Fang Zhuo nodded, agreeing with this judgment.

Wang Yan added: "But if there is no real-name system or real names, how can domestic school networks continue to attract users?"

Fang Zhuo smiled and said: "This is a good question. I am more curious about how Penguin will solve this problem."

At this moment, Wang Yan's mind suddenly came up with the words he had just heard - financial judgment. How financial is the investment in the school network?

The two chatted a bit more about social networks and discussed the issue of user tonality.

"Mr. Fang, it's almost dinner time. Can I treat you to steak tonight?" Wang Yan stood up.

Fang Zhuo pointed to the screen of his laptop and declined: "There is also a video conference. Don't think too much about Sina's reduction. We are going to visit Facebook's Zuckerberg this weekend. I have made an appointment with him here."

Wang Yan did not insist, and was somewhat relieved after communicating with Mr. Fang.

He never wants to see Sina return to the situation of dispersed equity.

At seven o'clock in the evening, the video on the laptop was connected, and Su Wei was on the other end.

Fang Zhuo flipped through the domestic white-brand mobile phone market research report sent by MediaTek and drank tea while patiently waiting for Mr. Su's call to end.

The wait lasted another half hour.

"Tokyo's cosmetics brands are hard to deal with, aren't they?" Fang Zhuo asked with a smile as he changed his cup of coffee and saw the call ended on his computer.

Su Wei waited for the end of the Taobao 6.18 event in China before leading Tesco to Tokyo to negotiate cooperation with cosmetics brands.

She shook her head angrily: "The brands in Japan are very stubborn. The first-tier brands strictly control their channels and don't think e-commerce can help them much. The second-tier brands are also hesitant, but the small brands are more active."

Fang Zhuo understood: "First-line brands have no shortage of sales. The most valuable thing for e-commerce now is growth. Even if we want to cooperate, it is not too late to wait until e-commerce grows to a certain share before we cooperate. Why bother to let you impact its offline sales now?" channel."

This was his judgment when he learned that Su Wei was going to discuss cooperation.

Offline channels are the world for well-known cosmetics brands.

Su Wei frowned and said, "I'm just thinking about how different the effects of different cosmetics are."

Fang Zhuo entered the blind spot of knowledge and shrugged: "Whether we support small and medium-sized foreign brands or not, the quality must be controlled. It can also be cultivated in this aspect."

If big brands don’t want to cooperate, then creating celebrity items and Internet celebrity items can also help Tesco attract traffic from female users.

"Let's talk about it again. If it doesn't work, use Korean brands to stimulate the situation. If you can leverage it, it's better." Su Wei also had some negotiation strategies that she didn't use.

Fang Zhuo laughed dumbly, this might actually have a miraculous effect.

He asked a few more questions, flipped through the research report he had read twice, and talked about his situation.

Compared with Tesco's cooperation negotiations in Tokyo, the different performances of Google, Qualcomm, Morningstar, MediaTek and TI are much more exciting.

Fang Zhuo's eloquence was already good, and during the conversation, he would compare the situations of two or three of them from time to time, which made Su Wei sound even more fascinating.

After hearing this, she said in disbelief: "A new mobile phone system that has not yet been released is actually so favored?"

Fang Zhuo smiled, picked up the research report in his hand, showed it to the laptop camera, and said: "MediaTek sold 28.5 million chips in the mainland last year, and then we came up with this research."

"Apart from some market data, what else did you say?"

"MediaTek provides a complete solution to the majority of copycat phones. The mobile phone system it relies on is a real-time embedded OS - nucleus. The compiler is an old version of ARM's ADS. It cannot dynamically load applications and can only start from the beginning. It is burned in together with the kernel compilation, which is very mechanical."

"It also compared the current mainstream systems and believed that there is currently a contradiction in which consumers' increasing mobile phone function needs are not met."

"The current performance of Android system has the prospect of solving this contradiction."

"MediaTek's Cai Mingjie said he was optimistic about Android. It seems he was not lying to me."

Su Wei didn't understand, but she was quite shocked, because she knew what kind of research sample tens of millions of sales could produce.

She talked about a detail of her mobile phone use: "I know that when I use Nokia's Symbian, sometimes I need to import a certificate signature for the next program. It's very troublesome, and sometimes the signature will expire."

"Symbian's signature requires money. The S60V3 it updated this year is not compatible with the previous version of the program." Fang Zhuo smiled slightly, "This is really troublesome. If it can't be solved well, let Android help solve it."

Su Wei pondered for a moment and expressed her truest feelings sincerely: "It sounds like dark clouds are floating before a stormy meeting."

Fang Zhuo thought about this scene and thought he liked it quite a lot.

Su Wei turned to talk about the vitality of domestic Taobao activities, and finally ended the video by deliberately moving in front of the camera and pretending to sniff.

"What are you doing?" Fang Zhuo was puzzled.

"I'll smell if it smells like a supermodel." Su Wei said seriously.

"How is it possible? I am Xiang Weiwei with a red heart." Fang Zhuo also said seriously.

Su Wei smiled half-heartedly: "I have to take a closer look at this."

Fang Zhuo raised his palms: "You can see my heart after a long time."

Su Wei wanted to quote a line from the movie, but resisted the urge and ended the video call. After changing her mood twice, she quickly began to rethink the cooperation with the Tokyo cosmetics brand.

Fang Zhuo habitually read the research report before simply having dinner.

Today is destined to be a day to address the impact of fund actions.

Sina Wang Yan was not the only one who was frightened by the MIGA Fund’s actions. Fan Xiong from the Anliang Chamber of Commerce flew to Silicon Valley to meet Mr. Fang in a panic after receiving the fund’s delivery notice.

Thanks to the profits brought by MIGA funds, the influence of the Anliang Chamber of Commerce has expanded rapidly.

But Fan Xiong did not let it go to his head, and he knew very well how big a role money can play in today's chamber of commerce.

Times have long since changed.

He came here with no intention of questioning Mr. Fang, but only planned to report in detail the recent actions of the Chamber of Commerce.

Fang Zhuo was very patient about this and listened to Fan Xiong's detailed and even complicated report.

One of the more important things is that the Chamber of Commerce has developed a lot in the Netherlands in Europe, and many people in the Dutch branch have family members in China.

After everything was reported, Fang Zhuo gave the same reason as Wang Yan: "This is a financial adjustment. The foundation believes that the economic situation will not be very good in the future, so we will deliver the goods first and let the profits be pocketed. "

Fan Xiong thought hard and squeezed out a sentence: "Mr. Fang, does this mean that cash will be king next?"

Fang Zhuo was stunned and laughed: "Yes, yes, cash is king. That's what it means after the profits are delivered."

Fan Xiong was not like Wang Yan. He firmly believed Mr. Fang’s words of “financial adjustment.” He continued to think hard and asked: “Then can we go back to the country to invest? It’s not impossible to do it everywhere, right? The main thing is that they have money in their hands. It’s not very durable.”

Fang Zhuo sighed: "If you keep talking, you can become the manager of the foundation."

Fan Xiong smiled, knowing that Mr. Fang was joking.

"Don't worry. With technical adjustments, everything will get better again." Fang Zhuo felt that Fan Xiong was much more trouble-free here. "I really might consider returning to China after a while."

Not to mention the families of those Dutch brothers, Lao Fan's son Xiao Fan is developing well in Yikeli. I heard that Xiao Fan also has a girlfriend. How can this not be gratifying?

Speaking of the Netherlands, because of the communication between Liang Mengsong and Qiu Ciyun after they met, Ice Core will place another order for lithography machines and other equipment from the Netherlands in the near future.

It is reported that ASML has a more advanced immersion lithography machine TWINSCAN XT:1900i, which will be a major boost to the cross-generation development of ice cores.

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