The Science Fiction World of Xueba
Chapter 470 Capital Increase and the Future
Pang Xuelin looked around and had a panoramic view of the expressions of everyone in the meeting room.
Ren Zhengfei smiled, showing neither support nor opposition.
Zheng Baoyong and Xu Wenwei whispered to each other.
Li Yinan, who has been promoted to the deputy chief engineer of Huawei, looked at Pang Xuelin with a smile on his face. There is no doubt that this guy is a die-hard fan of Pang Xuelin, so he is naturally on Pang Xuelin's side.
Sun Yafang from the Marketing Department was in a state of frowning and deep thought.
...
Obviously, everyone has different opinions on Pang Xuelin's idea of developing 3G mobile communication technology and mobile phones.
At this moment, Ren Zhengfei said, "Yafang, tell me what you think."
Sun Yafang pondered: "Mr. Pang, Mr. Ren, our company's revenue last year was 360 million yuan, and this year it is expected to exceed 1 billion. According to the rules we set before, the annual research and development funds for the company should not be less than the operating expenses." 10% of the revenue, which means that this year’s research and development budget is 76 million yuan, and it is expected to exceed 150 million yuan next year, but this amount of money is just a drop in the bucket for the research and development of 3G and mobile phones.”
Pang Xuelin took a sip of the tea on the table, smiled, and said to Zheng Baoyong and Xu Wenwei beside him, "Mr. Zheng, Mr. Xu, what do you think?"
Zheng Baoyong said: "I personally support the development of new technologies, but will we go too fast in this way, from the telephone program-controlled switchboard to the third-generation mobile communication technology and the research and development of mobile phones? The funding required is astronomical."
Xu Wenwei also said: "Mr. Pang, I also feel that it is a bit risky. Our program-controlled switches are selling very well now. I think we should take root in the field of program-controlled switches for a few years, and then develop into the mobile communication market."
Pang Xuelin was not surprised by everyone's opinions, and said with a smile: "I probably understand what you mean. Everyone is worried about funding issues now, right?"
Zheng Baoyong, Xu Wenwei, and Sun Yafang looked at each other and nodded.
Pang Xuelin said with a smile: "I went to the United States some time ago and made a little money, and now I have almost 600 million U.S. dollars in my personal liquidity that can be used!"
"Six hundred million dollars!"
After the words fell, not only Zheng Baoyong, Xu Wenwei and the others were dumbfounded,
Even Ren Zhengfei, who has always been an old god, couldn't help but widen his eyes at this moment, looking at Pang Xuelin in disbelief.
600 million U.S. dollars, equivalent to 5 billion yuan, almost double the valuation of Warwick.
It only cost Pang Xuelin 120 million yuan to invest in Huawei.
This is the premise that Pang Xuelin helped Huawei complete the development of the C\u0026C08 2,000-door and 10,000-door program-controlled switches in advance. Currently, with these two program-controlled switches, Huawei is making a difference in the domestic communication market and defeating foreign manufacturers.
The price of the entire program-controlled switchboard market has dropped by one-third compared with last year.
According to Sun Yafang's estimate, Huawei's total annual revenue may reach 5 billion yuan in two to three years.
But what did Pang Xuelin say just now?
Go to the United States and make a small fortune of 600 million U.S. dollars? !
Small money!
Zheng Baoyong and Xu Wenwei were in a daze. They still remembered that in May last year, Pang Xuelin worked tirelessly in Huawei Engineering R\u0026D Department for a month for one million yuan.
As a result, this year, the 600 million US dollars in Pang Xuelin's mouth has become small money.
"Mr. Pang, do you really have so much money on hand?"
Ren Zhengfei didn't ask Pang Xuelin how he earned the money, he was more concerned about the future use of the money.
Pang Xuelin smiled and said: "It's guaranteed to be exchanged! I plan to divide this money into two parts, half for the research and development of third-generation mobile communication technology and mobile phones, and the other half for the establishment of HiSilicon Semiconductor, mainly for video decoding. Research and development of chips, DSP chips, ASIC chips, single-chip microcomputers, etc."
When Pang Xuelin said this, everyone in the room recalled it one by one.
Pang Xuelin suddenly mentioned the research and development of the third-generation mobile communication technology.
If such a large sum of money is injected into Warwick, how should Pang Xuelin's shares be counted?
Even if it's only half, 2.5 billion yuan, it's enough to buy the whole Warwick!
But if Pang Xuelin is rejected, not to mention Pang Xuelin's status as the largest individual shareholder of Warwick Company, once Pang Xuelin starts from scratch, God knows what kind of things this genius can come up with?
At least in the research and development capabilities in the communications field, no one doubts Pang Xuelin's strength.
Just like when Pang Xuelin proposed to develop third-generation mobile communication technology and mobile phone technology, no one doubted whether it could be developed, but the first concern was the funding issue.
As a result, Warwick has few choices.
If you reject Pang Xuelin's investment and always work on the one-acre three-point land of the program-controlled switch, according to the performance and stability of the C\u0026C08 program-controlled switch, Huawei's future market prospects should be good, but it is a bit difficult to grow the company step by step big.
However, once Pang Xuelin's investment is agreed, Pang Xuelin will undoubtedly obtain a controlling stake in Huawei, which will fundamentally overturn Huawei's internal equity structure and even the management structure of the entire company. Who will become of Huawei in the future? I can't tell.
Ren Zhengfei narrowed his eyes slightly.
He is also hesitating.
Since the founding of Warwick in 1987, Ren Zhengfei has devoted himself to the development of Warwick.
Even in order to stimulate the enthusiasm of the employees to the greatest extent, Ren Zhengfei did not hesitate to reduce his shares in Warwick to 2%, and most of the remaining shares were dispersed.
But all of this seems insignificant in the face of such a huge investment.
With 2.5 billion yuan in research and development funding, coupled with Pang Xuelin's full support, no one is sure how high Huawei can be raised.
But there is no doubt that once Warwick agrees to Pang Xuelin's capital injection, Warwick will get an unprecedented development opportunity.
In the future, it may even be possible to keep pace with Transwarp Technology.
For a while, the conference room fell silent.
Sun Yafang, Zheng Baoyong, and Xu Wenwei all focused their attention on Ren Zhengfei, waiting for him to make a final decision.
Ren Zhengfei pondered for a long time, and said, "Mr. Pang, if you want to increase your capital in Huawei, I have two conditions."
"What conditions, please tell me!"
Pang Xuelin smiled.
Ren Zhengfei said: "First, every penny of the money you injected must be spent on the company's research and development. Second, your personal shares in Warwick shall not exceed 49%."
After the voice fell, there was a little commotion in the meeting room.
No one expected that Ren Zhengfei would propose such a condition.
2.5 billion yuan, and at the same time require that Pang Xuelin's shares in Warwick should not exceed 49%. Compared with the previous Pang Xuelin spending 120 million to acquire 5% of Warwick's shares, it is equivalent to directly doubling the valuation of Warwick.
If Pang Xuelin is willing to agree, every employee who holds Huawei employee shares may get a lot of money.
Not to mention, 49% of the shares means that Pang Xuelin still has no way to directly control Warwick.
But beyond everyone's expectations, Pang Xuelin smiled without hesitation: "Okay, I agree!"
Ren Zhengfei couldn't help being taken aback, and said, "President Pang, don't you think about it?"
Pang Xuelin said with a smile: "The time I have been in contact with everyone here is not too short, and we understand each other. I believe in everyone, and I believe that Huawei will become a great company in the future with our joint efforts. , This is the reason why I am willing to increase the capital of Warwick at a premium. However, I still have one condition."
"What conditions?"
Ren Zhengfei asked.
Pang Xuelin smiled and said: "The premise for me to increase the capital of Huawei is that all the rules and regulations of Huawei remain the same, and Mr. Ren still serves as the chairman of Huawei! I only retain one power, that is, I have a veto right in the company's major decisions. !"
After Pang Xuelin finished speaking, the conference room was quiet for a while, and then became noisy again.
No one thought that Pang Xuelin would have such a mind.
You must know that as Ren Zhengfei's right-hand man, Zheng Baoyong's biggest concern is that after Pang Xuelin increases Huawei's capital, he will clean up Huawei's management.
After all, they all belong to Ren Zhengfei's team. As the new boss of Warwick, how could Pang Xuelin tolerate Ren Zhengfei's continued influence in Warwick.
They never expected that Pang Xuelin not only retained Ren Zhengfei, but even made him the chairman of Huawei.
Ren Zhengfei looked at Pang Xuelin in surprise, and said, "Mr. Pang, it's not appropriate for me to be the chairman of Huawei again."
Pang Xuelin said with a smile: "Mr. Ren, Warwick was established by you. I hope you can continue to lead Warwick to grow. To be honest, I would not have increased capital at all if I hadn't been optimistic about you and your team. So, take Even if my 2.5 billion funds arrive in the account, Huawei will still be managed by you."
Ren Zhengfei smiled wryly: "Okay, then I will follow your orders and continue to sit in this seat."
Although Ren Zhengfei was ready to leave Warwick before, but he has just turned 50 now, and he is in the prime of his life. He is really reluctant to let him leave Warwick, which was created by himself.
Since Pang Xuelin trusted him so much and asked him to stay in Huawei, he was not hypocritical and directly agreed.
A faint smile appeared on Pang Xuelin's face, and he said, "We've finished talking about the capital increase, then let's talk about the third-generation mobile communication technology and the research and development of mobile phones."
Pang Xuelin paused, and continued: "At present, the first generation of mobile communication technology has begun to appear in our country, and the mobile phone in my hand is a masterpiece of it. The second generation of mobile communication technology, that is, 2G, has been around for a few years. The standard has been determined years ago, and the related infrastructure construction is also advancing. 2G technology will realize the initial wish of people in communication, which is to talk freely anytime, anywhere. From then on, no matter where the world is, as long as there is a 2G signal, If you can make a phone call, you can communicate with your relatives, friends and colleagues in real time. So what is the third-generation mobile communication technology? Do you have any thoughts on the third-generation mobile communication technology?"
Pang Xuelin's voice stopped, and he turned his gaze around.
Zheng Baoyong, Xu Wenwei, Li Yinan and others all looked at each other, but no one said anything.
In fact, in this era, relevant technical standards for 2G have just begun to be formulated, and mobile phones have not yet begun to be popularized in China on a large scale. They are still in a state of ignorance, let alone the third generation of mobile communication technology.
At this time, Ren Zhengfei said with a smile: "Mr. Pang, those of us don't even understand the program-controlled switches, let alone the mobile communication technology. Please tell us your understanding."
Pang Xuelin smiled slightly and said: "Okay, then I will talk about my views on the next few generations of communication technology. I believe everyone already understands Internet technology. At present, in the United States, Internet companies that specialize in providing online media services have even begun to appear. , I invested in a company some time ago. In fact, I think that connecting data terminals through copper cables and optical fibers for information exchange is the prototype of the network. On the basis of the second-generation communication technology, the third-generation Communication technology is to upgrade the mobile communication network to the mobile Internet and realize a wide range of data connections. At that time, every mobile phone will become a data terminal. From then on, no matter the ends of the earth, as long as there is a 3G signal, you can communicate with the world in real time. Global information at a glance.”
"As for the fourth-generation mobile communication technology, it will bring us freedom of the media. Media here is a verb, which means disseminating multimedia information. In fact, the emergence of 3G technology and the mobile Internet has made it possible to disseminate multimedia. Unfortunately, The bandwidth is still a bit small, so there is more than enough energy. In the era of 4G technology, with sufficient bandwidth and universal high-speed data connections, multimedia services have developed along with the trend, whether it is online video, sharing selfies, or live broadcasts, Short videos and 4G technology have brought us into a colorful all-media era. In the 4G era, as long as there is a 4G signal, the whole world can see it in real time.”
"Theoretically, in the 4G era, we can send and receive information anytime and anywhere, which has fulfilled everyone's expectations for communication. Then in the 5G era, what else do we need for 5G? This is the so-called what you see is what you get. Communication technology What you see is what you get. The so-called "get" is remote control, that is, remote control, or remote control. Remote control realizes the closed loop of information processing, from obtaining information to completing processing in one go. As long as there is a 5G signal, we can real-time Control remote equipment, and then, the Internet of Things, unmanned cars, and automated intelligent production of large machines will all become possible..."
Pang Xuelin's tone was unhurried, but everyone in the conference room listened intently.
Pang Xuelin's generational division of communication technology makes everyone feel unreal, especially when it comes to 4G and 5G, it seems to have come to a science fiction era.
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