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#241 - Intel may still be saved
Soon, the traders had been placing orders for over ten minutes.
Although the price had already been lowered by 20%, the 14.86% of shares was simply too much, and there weren't nearly enough buy orders.
"Mr. Zhang, we've done the calculations, and only 2.69% of the shares have been sold. There are too few buy orders. To sell, we might have to lower the price even further," the trader in charge of statistics quickly reported to Zhang Qizheng.
"It seems Intel is in big trouble today!" Zhang Qizheng said with certainty upon hearing the trader's report.
Just as he was about to instruct the traders to lower the price even further, a trader suddenly exclaimed in surprise, "All the shares in my account have been sold."
"Mine too."
"Mine as well!"
One by one, the traders reported the status of their respective accounts.
At the same time, in a building also on Wall Street, a young man with a head full of golden curls was on the phone, directing the traders.
"Boss, when we encountered large buy orders, we bought over 12% of the shares at a price 20% lower than before the market opened. Now, we have over 18.2% of Intel's shares in hand. Boss, you've become a major shareholder of Intel!" On the phone, the trader excitedly reported to the young man with golden curls.
This young man with curly hair was a second-generation rich kid, whose family possessed hundreds of millions in assets.
This year was his first year after graduating from university. After discovering Intel's situation, he had a sudden idea to take control of Intel in order to impress his family.
When that time comes, his family would definitely think he was a promising talent, and perhaps he could inherit the position of family head in the future!
Today, he had prepared five million US dollars, money he had obtained through a loan.
The bank manager who provided the loan knew him, so he readily agreed to the loan without requiring any collateral.
As the five million US dollars were spent, his mood became increasingly cheerful.
He seemed to see his father's praise and the envy of his family peers.
"Don't worry about it, just sell them all. Li Di, you are responsible for continuing to monitor Intel's movements. The rest of you, continue to trade the shares of Nami Entertainment Company," Zhang Qizheng said directly.
"Understood!"
Zhang Qizheng didn't feel any heartache when all the painstakingly collected shares were sold off at once. Instead, he breathed a sigh of relief.
It was good that there was a buyer.
He walked to an empty workstation, picked up the phone, and dialed the hotel's number.
"Please transfer me to room 2801," Zhang Qizheng said when the call was answered by the hotel front desk attendant.
"Okay, sir." The attendant skillfully transferred the call to Su Cheng's presidential suite.
The ringing phone woke Su Cheng up.
The weather was so nice that it was very comfortable to bask in the sun with his face covered, and Su Cheng had accidentally fallen asleep.
He put the newspaper covering his face on the table next to him, got up, walked to the phone, and picked up the receiver.
"Boss, this is Zhang Qizheng. I have something to report to you," Zhang Qizheng said immediately upon hearing Su Cheng's voice.
"Speak."
"Today, tech stocks have collectively plummeted. Among them, Intel's decline is even more severe compared to companies like IBM. It dropped by more than 10% as soon as the market opened. I judged that Intel might be about to crash, so I ordered all Intel shares to be sold. Fortunately, there was a buyer. We lost about 900,000 US dollars on Intel's stock. Just now, Intel's decline has exceeded 24.8%," Zhang Qizheng quickly reported.
Su Cheng looked at the time on his watch and was surprised to find that it was not even ten o'clock in the morning.
In other words, in less than half an hour, the decline exceeded 24%?
Although a large part of the reason for this was because Zhang Qizheng had sold those shares, it still didn't stop the decline even with someone buying, which showed that this stock was destined to be miserable today.
"You did very well. Keep an eye on it. If there are any subsequent developments, notify me in time," Su Cheng replied.
"Okay, boss, then I'll get busy!" Zhang Qizheng hung up the phone.
Su Cheng didn't blame Zhang Qizheng for making the decision privately, because, judging from Intel's decline, this stock might plummet today.
In this era, the emergence of Oracle Computer had seriously affected the development trend of the technology industry.
Although it is said that small trends can be changed but not major trends, it is obvious that the development of one company like Intel cannot affect the overall trend.
Therefore, its development trajectory is completely different from the trend of that Intel in the other world provided by Xiao Ai, it has deviated.
It is not yet certain whether this world's Intel can survive this year, let alone wait until 1999.
Therefore, Su Cheng gave a big thumbs up in his heart for Zhang Qizheng's unauthorized sale of the stock.
Likewise, this also gave him a reminder.
This world, because of his appearance, because of his interference, had gradually deviated from the historical trajectory of development.
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If everything was arranged according to the historical development of the other world, he would suffer sooner or later.
Strictly speaking, this loss of 900,000 US dollars was very worthwhile!
The fluctuations in Intel's stock market affected the hearts of all Intel shareholders.
At this time, they urgently convened a shareholders' meeting, and even Gordon Moore, who was far away in New York, could only attend the meeting by phone.
"Dear shareholders, we have just received news that the major shareholder and the second shareholder's mortgage bank, Citibank, has reached its bottom line due to the sharp decline in the stock market. Citibank has gradually begun to sell the shares. This is very bad news for us. The most important thing for us now is to find a financial backer to have a chance to save our Intel company!" Harold Black, Intel's head of public relations, sighed and revealed a very depressing message.
The bad news came too quickly.
Originally, everyone thought that after issuing a joint statement with Oracle Computer Company, Intel, no matter how much it fell, could not have fallen so miserably.
But now, in order to stop the loss, Citibank didn't even notify them and directly sold the shares mortgaged to them without authorization. The impact of this was definitely disastrous.
Everyone was silent.
Many of Intel's shareholders started out with technology and were not completely capitalists, so each shareholder did not control too much capital.
Even after the listing, many of the newly joined shareholders were just in it for fun.
If things had developed as originally planned, these shareholders would naturally have strongly supported Intel.
But now, after this change, how could they still be willing to invest money?
To capitalists, Intel, without advantages, was worthless!
Gordon Moore, who was in New York, felt somewhat depressed as he listened to the shareholders' speeches over the phone.
These were simply beyond the ability of him, the president of Intel, to change.
Financial backer?
Suddenly, Gordon Moore thought of someone.
Wasn't the boss behind Yang Chaoye a big financial backer?
Not only did he have money, but he also had technology. If he asked for his help, perhaps Intel could be saved!
Thinking of this, Gordon Moore decided that no matter the outcome, he had to give it a try!
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