Rewrite the Technological Landscape

December 15th is getting closer and closer to the new year.

Mike and Nortel Chief Strategy Officer George Riddell walked on the snowy road, without an umbrella or accompanying, the two just walked.

"I always feel that something is not quite right." Riddle lowered his head halfway and said in a heavy tone.

"Perhaps, things are really not as simple as we imagined. This is the tenth time, and the reason is more absurd every time."

Mike's eyes were covered with a thick layer of gray. Throughout 2008, Nortel submitted ten bailout applications to the Canadian government, a total of ten times, and every time he held a meeting with the government, Mike would explain the situation of Nortel clearly and show all the information the company could produce.

However, the Canadian government is unwilling to invest a penny, but as its own government, it is certainly impossible to say that it will not save it. Once it is exposed in the future, it will be a great loss to the image of the government.

However, the response given by the Canadian government is more nonsense than helplessness. They told Nortel over and over again that our audit department thinks that your company is in a good situation and does not need any assistance. According to Mike’s interview records, in Nortel The day before filing for bankruptcy protection, the Canadian government was still saying, aren’t you all doing well?

It simply rubs people's IQ on the ground.

"Mike, why do you say that instead of preventing foreign companies from encroaching on us, they even mean to promote it behind the scenes. Nortel's technology is a symbol of Canada. What are they thinking? I really don't understand."

"Actually, as a professional manager, I can face some things calmly, but when I chatted with Charlie and the others two days ago and saw how lonely they were, I couldn't help but want to do something, not for the sake of the North. Electricity, but for those who have devoted their lives to Nortel, Nortel’s wealth belongs to them, and even the Canadian government has no right to treat them like this.”

"But what can we do now? Everyone is waiting for us to die, and no other business in Canada can help us."

"Not everyone is waiting for us to die." Mike raised his head and looked into the distance, a gleam of light appeared in his eyes.

"Mr. Mike, long time no see."

"Mr. Meng, this is Mr. George Riddle, our Chief Strategy Officer of Nortel."

"Mr. Riddle hello."

"Finally, I'm lucky enough to meet Mr. Meng."

Mike motioned for everyone to sit down, and Meng Qian took the initiative to speak, "The last negotiation still failed?"

Mike smiled bitterly, "Actually, I guessed it a long time ago. Nortel's cash flow has completely collapsed. At this time, the Canadian government still believes that Nortel has no problems."

"Mr. Mike fought for Nortel again and again, everyone will remember."

"Fearless efforts are sometimes even more ridiculous than giving up." Mike laughed at himself.

"What is the attitude of the board of directors now?"

"Many people have given up, and they are more concerned about the numbers on their accounts."

"Then I'll give them a number they want."

"Mr. Meng" Mike looked at Meng Qian helplessly, "The Canadian government will definitely prevent Dafeng Group from taking a stake in Nortel."

Meng Qian pretended to think, "How much money does Nortel need now?"

"One billion yuan is needed to solve the most urgent debt problem. However, if the debt can be repaid, Nortel is actually capable of developing for a period of time. As long as we implement the restructuring and reform, Nortel will There is a chance to stand up."

"So it is similar to our estimate. If we want to maximize the value of this rescue fund, we'd better prepare 2 billion yuan."

"But the board of directors will definitely not be able to give so many shares."

If Meng Qian is saving a small business now, he can just say that you owe me a favor. Anyway, it doesn't matter to Dafeng Group if you don't repay the favor in the future.

But now it is a company like Nortel that is being saved, so there is no way to say such a righteous thing. The key is that the more you say that, the more people think you have a problem.

"Then let's trade talent and technology." Meng Qian said what he wanted.

"This matter is not easy to handle." Mike still finds it difficult.

"Didn't Mr. Mike say that Nortel Networks is undergoing reorganization and reform recently?"

"Yes."

"Our company intends to focus on operating two laboratories in Canada, one is an artificial intelligence laboratory and the other is a communication laboratory."

When he heard Meng Qian say the words "focus on operations", Mike already understood what Meng Qian meant, "Mr. Meng wants to combine the Dafeng Group's communication laboratory in Canada with our Nortel's restructuring and reform." .”

Meng Qian nodded, "Nortel is just about to reorganize, and we are just about to set up a laboratory in Canada, so we can exchange resources and cooperate in the process of reorganization and reform.

Mr. Mike told me about the current situation of Nortel before, and I also learned about it through other channels. It is definitely unrealistic to continue to support so many projects. Many business departments need to be rearranged, so we will accept some that we can accept. Yes, I can't accept it. Our laboratory is in Canada. If you cooperate, I think it should be a good thing for Nortel. "

"What is the core research and development direction of the communication laboratory that Dafeng Group wants to operate in Canada?"

"Currently, of course it is the 4G standard, but in the long run, it is 5G, or even 6G."

Mike hesitated and said, "Speaking of this matter, what does Mr. Meng think of WIMAX now?"

At the end of 2008, more and more people began to doubt WIMAX. After so long, the more it went wrong, even if Dafeng Group provided the baseband chip, even if Huawei ZTE provided the base station, but the entire technological ecology of WIMAX lags behind. Saying that is still not enough.

In addition, the same sentence, the technology itself is wrong, and Nortel is on the verge of bankruptcy. One of the important reasons is that it has invested too much in WIMAX, so now that the opportunity of Nortel's rebirth is in front of it, Mike can't help but go to Considering this problem, should we continue to invest in WIMAX?

And for Meng Qian, he really wants to save Nortel, he really doesn't want Nortel to go bankrupt, because Nortel's bankruptcy is not good for him. In a word from the United States, he will only be the same as Huawei once, what? I can't catch them all.

So for the first time, Meng Qian expressed his changing attitude on this issue, "To tell you the truth, Mr. Mike, one of the important reasons why we want to build a communication laboratory in Canada this time is because we feel that WIMAX is a bit uncomfortable. So right.

Because we also have a deep investment in LTE, so from the current technological development of both sides, the development of LTE seems to be more likely to become a 4G communication technology, while the technology accumulated by Nortel in the LTE field was left out because of WIMAX. I want to take this opportunity to pick up Nortel's previous technology. "

Mike and Riddell looked at each other, "The board of directors will definitely still be on Intel's side, and it is impossible to leave the WIMAX camp. At this time, if the communication laboratory of Gale Group is the leader to drive Canada's LTE development, while leaving Nortel with a certain proportion of research and development, this model is not bad, and should be able to convince the board of directors.”

What Meng Qian wants more is talent and technology, which is also more convenient for Mike to go back to the board of directors, especially to negotiate with the Canadian government. Your Canadian government is now desperate to save you, so we have found other ways to get the money. At least the Canadian government is not good at making Nortel Network dead. The only thing that can be used as an argument is nothing more than Nortel. The control right cannot be placed in the hands of Huaxia enterprises.

However, Meng Qian basically doesn't want any shares. What he wants is to participate in Nortel's restructuring and reform plan in the form of business cooperation. Strong intervention, but at this moment, the United States is not very good at doing things like this, as discussed in the West Lake Conference.

As for Nortel itself, if they have the chance to survive, they definitely hope to survive. Mike went back to communicate with Meng Qian's idea, because Nortel would die if he didn't pay any more money, so it took only half a month. On December 30, Nortel's decision has already been made, and they can't afford it.

They decided to sell their multiple business units, including the unsold LTE business unit, to Dafeng Group at an estimated price of 1.3 billion yuan. In addition, Meng Qian will also get a 2.6% stake in Nortel, and Dafeng Group will pay 2 billion yuan.

So far, in addition to obtaining a large number of talents and technologies from Nortel, Meng Qian has tried his best to keep them alive just like he did with Motorola. The layout here is in place.