Chapter 1317: 1317
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"The shock wave of the financial crisis has spread to the real economy since September this year, and various data show that the IT industry has also been significantly affected in the near future.
Intel yesterday announced that it lowered its fourth quarter revenue forecast by $1 billion to about $9 billion as product demand across the board weakened significantly. Intel shares fell 6.8% on the day.
Cisco Systems said recently that its orders fell sharply in October and its sales in the fourth quarter will also decline.
Qualcomm also announced a significant 45% reduction in its fourth quarter profit forecast and plans to cut 1800 jobs. Paul Jacobs, the company's chief executive, said the downturn would last a year or more.
Qualcomm's share price is currently $28.9, up from $56.4. "
Listening to the latest information reported by his subordinates, Andy also had a headache. NIMA, the financial storm is so severe, and Qualcomm's share price is still so high, even though it has halved compared with the highest price.
"What about Qualcomm's equity distribution?"
"Boss, Qualcomm is a company with decentralized equity. The top ten shareholders are all institutional investors, with the number of shares ranging from 1.08% to 6.84%, totaling about 30%. The founder, Owen Jacobs, holds 28% of the shares, the other six founders hold 17% of the shares, and about 5% of the shares are distributed among the company's executives, while the secondary market is only 20%. "
"Are the 9% of the acquisitions that our allies help come from institutional investors?" Andy's mouth is full of chatter. To be honest, he hates such a fragmented company, especially a giant. It's too troublesome and time-consuming to buy a little bit.
But as time goes on, it is easy to have all kinds of situations.
"Yes, due to the downward trend of Qualcomm's stock price, we have not fully absorbed in the secondary market."
Andy nodded, looked at alvette, frowned and asked, "Al, what's the result of the deduction?"
"For the $35 offer, Qualcomm's board of directors is more than 90% likely to reject the deal. If it's calculated at $28 per share, the premium is 50% and about $42, it can impress those institutional investors.
However, Qualcomm's founder group and executives hold 50% of the shares. If the boss wants to take full control of Qualcomm, then we must obtain shares from the founder team, so as to break the original power structure of Qualcomm, become the largest shareholder, and stabilize the position of chairman of the board of directors. "
"Ha ha, in this economic situation, who can't live with the US dollar?" Andy's seemingly relaxed smile is a bit urgent. Others don't know, but he knows better than anyone. The financial crisis will start to improve in the second quarter of the next year. By then, all the potential that Andy can borrow will disappear. If he wants to buy again, he will really use real gold and silver.
There are three acquisitions at the same time, two of which have the meaning of malicious acquisition. Even if the risk is very large, it will make him heavily indebted and double the pressure. In the next two or three years, he will not be able to expand to the outside world, so he can only digest in silence, and he will not quit.
Don't say anything. It's true that there are no more shops after passing this village!
Therefore, he would hoard gold, build a solid foundation with 1260 tons of gold, so that he could stand in an invincible position without the danger of overall collapse, so that he could fight without worries.
"How likely is Qualcomm to launch a" poison pill program "counterattack if we directly launch a takeover offer to shareholders and turn it into a hostile takeover?" Andy asked with a cool face.
"Qualcomm is very unlikely to launch the poison pill program, and they won't even consider it.
The core of the poison pill plan is to issue a large number of new shares to dilute the proportion of shares held by malicious acquirers, so as to increase the cost of capital and the final income of acquisition.
The other is that the management agreed to resign collectively to improve the operational risk after the acquisition.
In terms of Qualcomm's operations and governance, once the poison pill program is launched, it will cause incalculable losses to itself. Even if they finally prevent our acquisition, Qualcomm will also be in great trouble.
First of all, corporate governance assessment agencies will definitely downgrade Qualcomm, which will not only lose its position as one of the top 500 companies in the world, but also lose the favor of Wall Street in the next few years. Second, investors will never want to see the board of directors set up an artificial obstacle to the free flow of capital.
Therefore, even if Qualcomm refuses to be acquired, regardless of political and legal factors, they will not choose to take this step at the strategic, capital and business level.
For us, there are no political and legal obstacles at all. The final possibility is that you, the boss, will become the chairman of Qualcomm, and then the current management will continue to manage the compromise between the two sides of the company! "
For his own boss to launch two acquisition wars at the same time, alvette did not have too much worry, and even admired the courage of his young boss. In his opinion, the timing chosen by the boss was a miracle.It's not just dogleg or flattery, but after continuous acquisition and promotion, the think tank found that the acquisition of Qualcomm is a very cost-effective business. Even if the acquisition fails, the boss can double the money spent on the acquisition.
Because they chose the sniper type public acquisition from the beginning, and this kind of acquisition method is generally in the case of the target company's poor management and problems or the stock market falling, the acquirer and the target company do not communicate in advance, nor warn, but directly carry out the acquisition in the market.
Sniper type public acquisition is very hidden at the initial stage, and only when it is properly prepared can it start to attack the target company. This method is aimed at the target company whose equity is relatively scattered or whose stock price is obviously undervalued.
There are many conditions for such an invincible sniper type public acquisition, and Qualcomm at this stage is undoubtedly the most perfect implementation target.
The reason why even if the acquisition fails, it will not lose but make money is that once the acquisition fails, Andy can sell all the shares he holds, and earn the price difference of the share price that soars because of the good news of the acquisition, which is also extremely rich.
"As for whether there will be a third-party white knight coming out to make trouble, ha ha, boss, are you ready for them?"
Al's smirk made Andy and everyone in the conference room laugh at the same time. After listening to the analysis of his chief think tank, Andy's anxiety also eased down.
"It's hard for you. After the acquisition, I'll enlarge the vacation for you to enjoy your mansion and yacht. But before that, I hope you can help me win these three battles. Thank you!"
Andy is very aware of the hard work of his core members of the think tank during this period of time, such as data collation, analysis, deduction and improvement. Although they are all paid for, they are also hard-working and not hard working. Of course, this is also because his big boss is generous enough.
However, when it's time to be polite, it's time to be polite. If you're nice and don't spend money, you can make these subordinates feel better and work for him. He doesn't think that you can cultivate good subordinates just by giving money. As for how loyal your subordinates are, Andy has never asked for anything.
Loyalty to a group of people who have been instilled with the idea of freedom and equality since childhood? It's better to wash and sleep. The best way is to tie up interests with some emotional investment, so that he can better control these people.
There is no absolute loyalty in the world, just to see if the price of betrayal is big enough, that is, human nature, people always make the choice to maximize their own interests.
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"The shock wave of the financial crisis has spread to the real economy since September this year, and various data show that the IT industry has also been significantly affected in the near future.
Intel yesterday announced that it lowered its fourth quarter revenue forecast by $1 billion to about $9 billion as product demand across the board weakened significantly. Intel shares fell 6.8% on the day.
Cisco Systems said recently that its orders fell sharply in October and its sales in the fourth quarter will also decline.
Qualcomm also announced a significant 45% reduction in its fourth quarter profit forecast and plans to cut 1800 jobs. Paul Jacobs, the company's chief executive, said the downturn would last a year or more.
Qualcomm's share price is currently $28.9, up from $56.4. "
Listening to the latest information reported by his subordinates, Andy also had a headache. NIMA, the financial storm is so severe, and Qualcomm's share price is still so high, even though it has halved compared with the highest price.
"What about Qualcomm's equity distribution?"
"Boss, Qualcomm is a company with decentralized equity. The top ten shareholders are all institutional investors, with the number of shares ranging from 1.08% to 6.84%, totaling about 30%. The founder, Owen Jacobs, holds 28% of the shares, the other six founders hold 17% of the shares, and about 5% of the shares are distributed among the company's executives, while the secondary market is only 20%. "
"Are the 9% of the acquisitions that our allies help come from institutional investors?" Andy's mouth is full of chatter. To be honest, he hates such a fragmented company, especially a giant. It's too troublesome and time-consuming to buy a little bit.
But as time goes on, it is easy to have all kinds of situations.
"Yes, due to the downward trend of Qualcomm's stock price, we have not fully absorbed in the secondary market."
Andy nodded, looked at alvette, frowned and asked, "Al, what's the result of the deduction?"
"For the $35 offer, Qualcomm's board of directors is more than 90% likely to reject the deal. If it's calculated at $28 per share, the premium is 50% and about $42, it can impress those institutional investors.
However, Qualcomm's founder group and executives hold 50% of the shares. If the boss wants to take full control of Qualcomm, then we must obtain shares from the founder team, so as to break the original power structure of Qualcomm, become the largest shareholder, and stabilize the position of chairman of the board of directors. "
"Ha ha, in this economic situation, who can't live with the US dollar?" Andy's seemingly relaxed smile is a bit urgent. Others don't know, but he knows better than anyone. The financial crisis will start to improve in the second quarter of the next year. By then, all the potential that Andy can borrow will disappear. If he wants to buy again, he will really use real gold and silver.
There are three acquisitions at the same time, two of which have the meaning of malicious acquisition. Even if the risk is very large, it will make him heavily indebted and double the pressure. In the next two or three years, he will not be able to expand to the outside world, so he can only digest in silence, and he will not quit.
Don't say anything. It's true that there are no more shops after passing this village!
Therefore, he would hoard gold, build a solid foundation with 1260 tons of gold, so that he could stand in an invincible position without the danger of overall collapse, so that he could fight without worries.
"How likely is Qualcomm to launch a" poison pill program "counterattack if we directly launch a takeover offer to shareholders and turn it into a hostile takeover?" Andy asked with a cool face.
"Qualcomm is very unlikely to launch the poison pill program, and they won't even consider it.
The core of the poison pill plan is to issue a large number of new shares to dilute the proportion of shares held by malicious acquirers, so as to increase the cost of capital and the final income of acquisition.
The other is that the management agreed to resign collectively to improve the operational risk after the acquisition.
In terms of Qualcomm's operations and governance, once the poison pill program is launched, it will cause incalculable losses to itself. Even if they finally prevent our acquisition, Qualcomm will also be in great trouble.
First of all, corporate governance assessment agencies will definitely downgrade Qualcomm, which will not only lose its position as one of the top 500 companies in the world, but also lose the favor of Wall Street in the next few years. Second, investors will never want to see the board of directors set up an artificial obstacle to the free flow of capital.
Therefore, even if Qualcomm refuses to be acquired, regardless of political and legal factors, they will not choose to take this step at the strategic, capital and business level.
For us, there are no political and legal obstacles at all. The final possibility is that you, the boss, will become the chairman of Qualcomm, and then the current management will continue to manage the compromise between the two sides of the company! "
For his own boss to launch two acquisition wars at the same time, alvette did not have too much worry, and even admired the courage of his young boss. In his opinion, the timing chosen by the boss was a miracle.It's not just dogleg or flattery, but after continuous acquisition and promotion, the think tank found that the acquisition of Qualcomm is a very cost-effective business. Even if the acquisition fails, the boss can double the money spent on the acquisition.
Because they chose the sniper type public acquisition from the beginning, and this kind of acquisition method is generally in the case of the target company's poor management and problems or the stock market falling, the acquirer and the target company do not communicate in advance, nor warn, but directly carry out the acquisition in the market.
Sniper type public acquisition is very hidden at the initial stage, and only when it is properly prepared can it start to attack the target company. This method is aimed at the target company whose equity is relatively scattered or whose stock price is obviously undervalued.
There are many conditions for such an invincible sniper type public acquisition, and Qualcomm at this stage is undoubtedly the most perfect implementation target.
The reason why even if the acquisition fails, it will not lose but make money is that once the acquisition fails, Andy can sell all the shares he holds, and earn the price difference of the share price that soars because of the good news of the acquisition, which is also extremely rich.
"As for whether there will be a third-party white knight coming out to make trouble, ha ha, boss, are you ready for them?"
Al's smirk made Andy and everyone in the conference room laugh at the same time. After listening to the analysis of his chief think tank, Andy's anxiety also eased down.
"It's hard for you. After the acquisition, I'll enlarge the vacation for you to enjoy your mansion and yacht. But before that, I hope you can help me win these three battles. Thank you!"
Andy is very aware of the hard work of his core members of the think tank during this period of time, such as data collation, analysis, deduction and improvement. Although they are all paid for, they are also hard-working and not hard working. Of course, this is also because his big boss is generous enough.
However, when it's time to be polite, it's time to be polite. If you're nice and don't spend money, you can make these subordinates feel better and work for him. He doesn't think that you can cultivate good subordinates just by giving money. As for how loyal your subordinates are, Andy has never asked for anything.
Loyalty to a group of people who have been instilled with the idea of freedom and equality since childhood? It's better to wash and sleep. The best way is to tie up interests with some emotional investment, so that he can better control these people.
There is no absolute loyalty in the world, just to see if the price of betrayal is big enough, that is, human nature, people always make the choice to maximize their own interests.
"The shock wave of the financial crisis has spread to the real economy since September this year, and various data show that the IT industry has also been significantly affected in the near future. Intel yesterday announced that it lowered its fourth quarter revenue forecast by $1 billion to about $9 billion as product demand across the board weakened significantly. Intel shares fell 6.8% on the day. Cisco Systems said recently that its orders fell sharply in October and its sales in the fourth quarter will also decline. Qualcomm also announced a significant 45% reduction in its fourth quarter profit forecast and plans to cut 1800 jobs. Paul Jacobs, the company's chief executive, said the downturn would last a year or more. Qualcomm's share price is currently $28.9, up from $56.4. " Listening to the latest information reported by his subordinates, Andy also had a headache. NIMA, the financial storm is so severe, and Qualcomm's share price is still so high, even though it has halved compared with the highest price. "What about Qualcomm's equity distribution?" "Boss, Qualcomm is a company with decentralized equity. The top ten shareholders are all institutional investors, with the number of shares ranging from 1.08% to 6.84%, totaling about 30%. The founder, Owen Jacobs, holds 28% of the shares, the other six founders hold 17% of the shares, and about 5% of the shares are distributed among the company's executives, while the secondary market is only 20%. " "Are the 9% of the acquisitions that our allies help come from institutional investors?" Andy's mouth is full of chatter. To be honest, he hates such a fragmented company, especially a giant. It's too troublesome and time-consuming to buy a little bit. But as time goes on, it is easy to have all kinds of situations. "Yes, due to the downward trend of Qualcomm's stock price, we have not fully absorbed in the secondary market." Andy nodded, looked at alvette, frowned and asked, "Al, what's the result of the deduction?" "For the $35 offer, Qualcomm's board of directors is more than 90% likely to reject the deal. If it's calculated at $28 per share, the premium is 50% and about $42, it can impress those institutional investors. However, Qualcomm's founder group and executives hold 50% of the shares. If the boss wants to take full control of Qualcomm, then we must obtain shares from the founder team, so as to break the original power structure of Qualcomm, become the largest shareholder, and stabilize the position of chairman of the board of directors. " "Ha ha, in this economic situation, who can't live with the US dollar?" Andy's seemingly relaxed smile is a bit urgent. Others don't know, but he knows better than anyone. The financial crisis will start to improve in the second quarter of the next year. By then, all the potential that Andy can borrow will disappear. If he wants to buy again, he will really use real gold and silver. There are three acquisitions at the same time, two of which have the meaning of malicious acquisition. Even if the risk is very large, it will make him heavily indebted and double the pressure. In the next two or three years, he will not be able to expand to the outside world, so he can only digest in silence, and he will not quit. Don't say anything. It's true that there are no more shops after passing this village! Therefore, he would hoard gold, build a solid foundation with 1260 tons of gold, so that he could stand in an invincible position without the danger of overall collapse, so that he could fight without worries. "How likely is Qualcomm to launch a" poison pill program "counterattack if we directly launch a takeover offer to shareholders and turn it into a hostile takeover?" Andy asked with a cool face. "Qualcomm is very unlikely to launch the poison pill program, and they won't even consider it. The core of the poison pill plan is to issue a large number of new shares to dilute the proportion of shares held by malicious acquirers, so as to increase the cost of capital and the final income of acquisition. The other is that the management agreed to resign collectively to improve the operational risk after the acquisition. In terms of Qualcomm's operations and governance, once the poison pill program is launched, it will cause incalculable losses to itself. Even if they finally prevent our acquisition, Qualcomm will also be in great trouble. First of all, corporate governance assessment agencies will definitely downgrade Qualcomm, which will not only lose its position as one of the top 500 companies in the world, but also lose the favor of Wall Street in the next few years. Second, investors will never want to see the board of directors set up an artificial obstacle to the free flow of capital. Therefore, even if Qualcomm refuses to be acquired, regardless of political and legal factors, they will not choose to take this step at the strategic, capital and business level. For us, there are no political and legal obstacles at all. The final possibility is that you, the boss, will become the chairman of Qualcomm, and then the current management will continue to manage the compromise between the two sides of the company! " For his own boss to launch two acquisition wars at the same time, alvette did not have too much worry, and even admired the courage of his young boss. In his opinion, the timing chosen by the boss was a miracle.It's not just dogleg or flattery, but after continuous acquisition and promotion, the think tank found that the acquisition of Qualcomm is a very cost-effective business. Even if the acquisition fails, the boss can double the money spent on the acquisition. Because they chose the sniper type public acquisition from the beginning, and this kind of acquisition method is generally in the case of the target company's poor management and problems or the stock market falling, the acquirer and the target company do not communicate in advance, nor warn, but directly carry out the acquisition in the market. Sniper type public acquisition is very hidden at the initial stage, and only when it is properly prepared can it start to attack the target company. This method is aimed at the target company whose equity is relatively scattered or whose stock price is obviously undervalued. There are many conditions for such an invincible sniper type public acquisition, and Qualcomm at this stage is undoubtedly the most perfect implementation target. The reason why even if the acquisition fails, it will not lose but make money is that once the acquisition fails, Andy can sell all the shares he holds, and earn the price difference of the share price that soars because of the good news of the acquisition, which is also extremely rich. "As for whether there will be a third-party white knight coming out to make trouble, ha ha, boss, are you ready for them?" Al's smirk made Andy and everyone in the conference room laugh at the same time. After listening to the analysis of his chief think tank, Andy's anxiety also eased down. "It's hard for you. After the acquisition, I'll enlarge the vacation for you to enjoy your mansion and yacht. But before that, I hope you can help me win these three battles. Thank you!" Andy is very aware of the hard work of his core members of the think tank during this period of time, such as data collation, analysis, deduction and improvement. Although they are all paid for, they are also hard-working and not hard working. Of course, this is also because his big boss is generous enough. However, when it's time to be polite, it's time to be polite. If you're nice and don't spend money, you can make these subordinates feel better and work for him. He doesn't think that you can cultivate good subordinates just by giving money. As for how loyal your subordinates are, Andy has never asked for anything. Loyalty to a group of people who have been instilled with the idea of freedom and equality since childhood? It's better to wash and sleep. The best way is to tie up interests with some emotional investment, so that he can better control these people. There is no absolute loyalty in the world, just to see if the price of betrayal is big enough, that is, human nature, people always make the choice to maximize their own interests.
