Reinventing the Millennium

Spring River Plumbing Duck Prophet.

Just two days after Lehman declared bankruptcy and global stock markets plummeted, Qimonda, Morningstar Semiconductor and Freescale all felt the chill.

Funds are running away, market value is falling, orders are being cut...

These are just a few companies that Fang Zhuo has personally come into contact with now.

However, after Lehman went bankrupt, the U.S. authorities were still trying to save the situation and prevent this local problem from spreading to the entire financial system.

Specious news is continuously delivered to Hong Kong from the other side of the ocean.

The U.S. Treasury Department and the Federal Reserve made it clear this weekend that they would not directly rescue Lehman and would let Wall Street solve the problem on their own. But when Lehman actually declared bankruptcy, Paulson and Bernanke had to put these measures together on the 16th. After swallowing his words, he announced that he would take over AIG, the world's largest insurance company that was rapidly going into crisis.

The U.S. authorities responded quickly by investing $85 billion in mortgage loans to acquire 79.9% of AIG's outstanding shares, in an attempt to avoid wider market chaos.

There is also news that Abramovich will submit a bill to save the financial system to Congress within a few days, and the finance department will receive hundreds of billions of dollars in authorization to purchase distressed housing mortgage assets.

Fang Zhuo was based in Xiangjiang, carefully checking whether there was any usable inside information, and was ready to fly to New York at any time.

In just a few days, following Freescale's layoffs, HP announced plans to lay off 24,600 people in the next three years, Telefónica laid off 700 employees, AMD accelerated its divestment of wafer fabs, Starbucks planned to close dozens of stores in Australia, and 3D Biotech Pharmaceuticals axing entire divisions…

The wind and clouds were surging, and it was dizzying.

Fang Zhuo felt that this one that was not in the plan was good for a while, and that one was also good for a while. He wanted to buy it, wanted to buy it, wanted to buy it all.

But he must control his shopping desire and wait for a worse industry environment and economic situation.

Looking at the semiconductor industry alone, Taiwanese reporters in Baodao and UMC have reported personnel freezes and layoff plans. Internationally renowned companies such as Intel, AMD, NXP, and Singapore Chartered Semiconductor also have no good news.

This is true for global industries, and mainland semiconductor companies are no exception.

As of September, the environment this year is generally not good. The impact of Lehman's bankruptcy is gradually expanding. Those companies that may or may not be laid off are now being laid off. The original scale of layoffs is now expanding. Those that are struggling may be considering bankruptcy.

In response to this domestic situation, the plan prepared by Fang Zhuo has been submitted. The development of fragile industries needs to be protected. At the very least, ICBC's loans to enterprises can be released again.

A number of companies that have connected with the ice core wafer manufacturing service alliance, including Vimicro, Huajing Microelectronics, China Resources AXA, Lin'an Shilan, and Shanghai Grace, are all within Fangzhuo's attention.

Those who are tight on funds are waiting for bank approval. If they are really tight on funds, they can first get an interest-free bridge payment from the service alliance. The subsequent arrangement of funds will take some time and procedures. Fang Zhuo does not intend to allow certain funds to be used from the service alliance in his own name. Foreign countries enter the country.

But as a global rich man, it is normal to meet some powerful friends in the world, right? It’s not surprising to help manage some funds, right?

In addition to financial arrangements, there will be no freeze or layoffs within Ice Core. Instead, it will recruit semiconductor industry employees who have flowed into the society. The current reserves are going in two directions. One is to prepare for factories that may cooperate with Germany, and the other is to consider building new ones in Luzhou. Factory Four.

In addition, Lin'an No. 2 Factory, which was cut off by Qimonda, was within Fang Zhuo's personal plan and has not been announced. This depends on Qimonda's direction and handling. If nothing else, Qimonda's capital hole is If you can't fill it up, you will most likely face bankruptcy.

Once Qimonda goes bankrupt, talents, technologies, and patents can be selected according to the situation despite the global industry downturn.

This is the worst of times and the best of times, the winter of despair and the spring of hope.

There is nothing in front of you, and there is everything in front of you.

Fang Zhuo was busy with arrangements at home and abroad, and initially planned to fly to New York on September 26.

After calling continuously for several days, he continued to judge the news in different time zone regions. He stayed in the hotel since Lehman was confirmed to be bankrupt, and waited until the emergency busy time of retreat before leaving. Morningstar Semiconductor's market value had dropped to 12.3 billion.

It was 16.2 billion at the beginning of the listing. It broke through 15.6 billion on the first day. Lehman went bankrupt for 14 billion and now is 12.3 billion.

Within a week, Morningstar Semiconductor lost 3.9 billion Hong Kong dollars in market value.

In Fang Zhuo's view, due to listing restrictions, the money will not be cashed out for a while, and the ups and downs are just changes in numbers. But if he thinks this way, the management of other holdings of Morningstar Semiconductor cannot be so relaxed. Treated.

It is certainly true to say that starting a business is for ideals, but it is definitely nonsense to say that starting a business does not consider wealth at all.

Even if the leader does not accumulate wealth through the stock market, a group of people in the company can hardly survive until it is listed. Seeing the shrinkage of paper assets, they just want to rush to Lehman Fold and give him a two-punch.

Unfortunately, they couldn't see Fuld.

However, when Fang Zhuo left the hotel and appeared in public, he was surrounded by many Hong Kong media. A piece of news was revealed that gave people at Morning Star some comfort.

"You ask me what I think about Lehman's bankruptcy. What do you say?"

"Well, it's hard to say. Although the story of Lehman and I has passed, no matter how it comes out now, it seems like adding insult to injury. I actually have nothing to say. You also know that my energy is currently focused on our 3G On mobile phone products.”

"Oh, yes, Lehman's bankruptcy will have a huge impact. What will happen next may require multiple assessments. However, I think it is better not to attack Fuld again."

Fang Zhuo was surrounded by reporters when he saw the light of day again. He had expected this situation, it was nothing more than a holiday in the past.

As we all know, he and Fuld have made peace with each other in the United States, so what else is there to talk about now.

After hearing what Mr. Fang said, many reporters felt that they had interviewed the wrong person and exclaimed: "Mr. Fang, Mr. Fang, was Fuld beaten? When? Was he really beaten?"

Fang Zhuo was stunned: "You don't know?"

The reporters shook their heads, their faces full of interest.

"Well, what I heard was that Fuld was beaten up in the gym. After all, Lehman's bankruptcy filing affected many people." Fang Zhuo spoke concisely and tried not to say too much about the situation at the scene.

This news is quite accurate and comes from golfer Austin.

It was said that two days ago, some people questioned Fuld's 480 million salary and dividends from Lehman but made a mess.

Fuld clarified the rumors, saying there was no $480 million, only $300 million in salary and dividends.

Then he was beaten.

Fang Zhuo originally thought that the news was relatively public, but he didn't expect that the Hong Kong media didn't know the situation yet and couldn't describe it enthusiastically.

The news was confirmed by the richest man in Mainland China who had personally dealt with Lehman. The reporters were very satisfied after hearing this.

They did not easily let go of Mr. Fang who was blocked, and continued to ask: "Mr. Fang, have you noticed that there is a lot of discussion on the Internet about your short selling of Lehman?"

"It was once." Fang Zhuo corrected his words and shook his head slightly. "I have also been thinking about dealing with the possible deterioration of the financial situation in the past few days. I did not pay attention to the comments on the Internet. As I just said, the story of Lehman and I has passed. ”

He said seriously: "In fact, I was extremely shocked when Lehman filed for bankruptcy. Such an investment bank with a long history could actually go bankrupt. This shocked me and made me start to think more about business operations."

When Fang Zhuo said this, he still sighed without waiting for reporters to ask questions: "That's Lehman. It has actually come to this point. Who could have expected that Lehman would come to this point!"

The reporters were worried.

However, some reporters still brought up old scores: "Mr. Fang, you once analyzed Lehman's problems in Shanghai, analyzed housing prices in the United States, and analyzed Lehman's CDO contract. Didn't you expect that Lehman would reach this point? ?Did you make any profit from short selling in the case of Lehman’s bankruptcy?”

The last sentence is very direct.

This is not the first time he has wanted to ask this question. In fact, due to his short selling of Lehman, there were many shocking comments on Weibo and Zhihu because of Lehman's bankruptcy.

——Mr. Fang is too accurate!

——Shit, Mr. Fang is hiding something! Lehman stock price plummeted!

——Lehman was short-sold by Mr. Fang and went bankrupt!

——The result of who was right and who was wrong as mentioned by Mr. Fang finally came out!

——I suspect that Mr. Fang is still secretly shorting Lehman!

Facing the reporter's question, Fang Zhuo calmly shook his head: "Will Fang Zhuo focus on short selling? I make mobile phones."

He said with a smile: "Whether it is housing prices or CDOs, they are all issues that are obvious. The prosperity of the bubble will obscure everyone's sight. But it is not just me, many institutions and experts have talked about this issue. However, I believe , they, like me, had no idea that Lehman would reach this point.”

The reporters were doubtful, but Mr. Fang spoke very naturally, and it made sense. Who would have thought that Lehman would go bankrupt?

"Mr. Fang, there is a loud voice on the Internet." A reporter handed the microphone forward, "They said that Mr. Fang would lead them to try again. What do you think of this?"

Fang Zhuo mused: "Whether it's a mobile phone or a fab, I'm actually a person who makes money honestly by making products. Instead of letting me lead everyone to try it, why not everyone buy our Yike mobile phones, and I'll make money first." , and then help everyone make money.”

A reporter complained in a low voice: "Then you have to buy a mobile phone."

Fang Zhuo pretended not to hear. Who can he blame if he can't buy it? The mainland has not yet issued a 3G license, and the operators in Hong Kong are not cooperating. Who can he blame?

A series of interviews soon appeared in newspapers and online.

With the development of the Weibo platform, there are also many users here in Xiangjiang, and they gave the quickest summary.

"Like adding insult to injury."

"I make mobile phones".

"honestly".

"It has passed".

People here in Xiangjiang don’t believe it, and it’s the same in the mainland.

"What kind of character is Mr. Fang?"

"Mr. Fang's expression during the interview is very subtle! He is lying!"

"Buy a mobile phone quickly, Mr. Fang almost has no money to short Lehman!"

Compared with the attitude of the masses, the attitude of people who have actually interacted with Fang Zhuo is more convincing.

Huang Guangyu laughed when he saw the words "make products honestly" in the interview. He was the most direct victim. Gome's stock was shorted before, which locked up the cash-out space. The dilemma during that period was still fresh in his memory.

This method of capital competition has indirectly caused Gome's current difficult situation, not to mention any bank actions.

The collapse of Lehman also led to the decline of Gome's stock price and caused a considerable loss of capital liquidity.

Huang Guangyu has been busy with the company's affairs these days and has no time to stand up and accuse Fang Zhuo of hypocrisy.

Unfortunately, there are still media who somehow got out of this nook and cranny.

He had no intention of quarreling with Fang Zhuo, who was in the limelight. He just answered the question angrily: "I believe it."

These three words capture the mystery of the rhythm.

Ma Ren, who was staring at Tesco's Double Eleven event, took a rare step in and publicly commented on the matter with a laugh: "I believe it."

Ma Huateng, who pays close attention to the situation of Tesco's mobile phones, casually talked about this matter in an internal meeting: "I believe it."

Someone on Weibo fabricated the account of Duan Yongji, the former chairman of Sina who was expelled, and posted a three-word status: "I believe it."

Duan Yongji was very angry and asked Weibo to close his account. However, when asked about his judgment in private, he expressed his belief that Fang would definitely take the opportunity to make trouble for Lehman.

For a time, "I believe it" became a popular internet meme.

The truth no longer seems to matter, trusting Mr. Fang is the greatest pleasure.

As a friend, Xiong Xiaoge certainly did not miss the opportunity to ridicule Mr. Fang. He directly made an "I believe it" emoticon on Zhihu for users to use. He felt that he was doing this out of good intentions and using popular entertainment to dispel the truth. .

When Xiong Xiaoge returned home amid all the turmoil, she looked at the people on the screen who were following the trend and making fun of her, but her expression turned solemn.

"Old Xiong, don't you believe it?" Mrs. Xiong joked when she saw this.

Xiong Xiaoge shook his head slightly, he was the one who believed the most.

He was convinced that Mr. Fang was not only continuing to short Lehman, but was also involved in the collapse of Lehman.

There is no doubt that the factors that led to the collapse of Lehman were mixed with a series of well-known figures.

If there is such a situation, then Mr. Fang’s previous hint of letting IDG America take the opportunity to short Yike is even more intriguing.

Mr. Fang has a character that digs out any loopholes. How could he reveal such a flaw?

Such a string, the shadow seems to have a dangerous atmosphere and the smell of blood.

Is there any evidence for this?

The other party's general suspicion is itself evidence!

In Xiong Xiaoge's mind were President Fang's remarks in an interview with Hong Kong media, and a series of thoughts about Nokia, litigation, patents, mobile phones, short selling, cannibalism, and capital swirled in his mind.

He exhaled and felt that he had peeked into Mr. Fang's corner. He looked at his wife and said, "This is a high-end game."

Sister-in-law Xiong: "???"

She didn't understand her husband's words, but she was familiar with certain logic and guessed concisely: "Complicit?"

Xiong Xiaoge's face darkened: "It's nothing, I just suddenly figured out something."

Sister-in-law Xiong nodded seriously: "Yes, I believe it."