Chapter 1590: 1590
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"I'm not a semiconductor person, but I know how to make money and operate.".
"For all listed chip companies, after all, they still have to explain to shareholders and investors that they are not only looking at revenue, but also earnings and earnings per share, which are what shareholders and investors care about..."
"You ask me what the Qualcomm board is doing now? Ha ha, look at the selling of Qualcomm shares by several institutional shareholders on the scene, and you can see the attitude and views of shareholders
“。。。 Structurally, in the 1980s, small start-ups entered the semiconductor industry. In the 1990s, the trend of listing and small-scale M & A began. By 2000, horizontal mergers and large-scale transactions appeared, and the development speed of the semiconductor industry has declined.
As I stressed before, I am not a semiconductor person, but I know how to make money and operate. In the next decade, the trend of M & A in semiconductor industry will move from horizontal M & A to vertical integration M & A in the upstream and downstream. In the future, the ecosystem of semiconductor will become more and more important.
For Qualcomm's current board of directors, I don't think they can lead Qualcomm to meet the challenges in the future. I'm disappointed that they completely ignored the interests of shareholders and investors and acted on their own
In the conference room of Qualcomm's headquarters in San Diego, California, the members of the board of directors watched the LCD TV one by one. Andy Smith faced many reporters, accompanied by the shareholders of six major institutions, and interviewed like a press conference outside the Michelin restaurant.
Silence!
The collective silence makes the atmosphere in the conference room extremely dignified!
In order to protect their property from hostile takeover, it can be said that the members of Qualcomm's board of directors who have tried all kinds of tricks are silent and depressed at the moment.
They delayed the general meeting of shareholders for a month. They wanted to use time for space. When they saw the six institutional shareholders and Andy Smith standing together, it seemed that everything seemed so ridiculous!
The "overlord" whale swallows the whole hostile acquisition plan, which is just a blunder. Now they know that Andy Smith has no overall acquisition plan from the beginning. The real intention is to aim at the board of directors, subvert the board of directors to achieve the ultimate result of controlling Qualcomm.
Whose destiny will be rewritten in the near future?
Now it seems that there is no suspense about all this! Andy Smith has won the support of Qualcomm's top six institutional shareholders, plus his own shares, easily toppled the board.
With such an important "counterattack" less than a week away from the shareholders' meeting, Andy Smith clearly does not intend to give Qualcomm's board of directors reaction time.
Now I think Andy Smith is right. Qualcomm shareholders are the real helmsman!
Perhaps all of this, in the face of hostile takeover, the board of directors decided to fight back, it has fallen into the trap.
Andy Smith's hostile takeover and Qualcomm's board of directors' counterattack have different purposes, and the results are naturally tens of millions of times different.
Andy Smith's acquisition from the very beginning was for the purpose of investment benefits. In order to get the widest support, naturally, he would not consider Qualcomm's long-term strategy, but make the company's performance more beautiful by promising shareholders, drawing big cakes, or even cutting costs and layoffs in the short term, so that shareholders can obtain short-term profits as chips.
The board of directors, based on technological innovation and for the purpose of business coordinated development, starts from the long-term development strategy of business and faces the future industrial trend. The return may be slow, but it will be longer, and it has the potential to continue to explode.
To be frank, it is the difference between short-term interests and long-term interests.
Now, Andy Smith's choice of time node for Qualcomm acquisition should also be a deliberate choice.
There are enough short-term income plans in place to persuade institutional shareholders who are mired in the financial crisis.
When Qualcomm's board of directors is desperately trying to keep its board seat, use funds to buy back shares, acquire other companies, spend heavily, increase Qualcomm's assets, and prevent Andy Smith's malicious acquisition.
Andy Smith is shouting with major institutional shareholders, "Qualcomm's shareholders, you should agree to this acquisition, because you can directly obtain the benefits of red fruit. Qualcomm's board of directors can give you benefits, but it gives too little, or follow me to give more! "
The management of every listed company hopes that the capital should be less intervened and the shareholders' vision should be longer-term.
However, capital tends to profit, which is the essence that no one can change!
At the same time, capital is also sensitive, especially under the shadow of the economic crisis.
Members of Qualcomm's board of directors in the conference room are now in a mixed mood. Don't want to lose the board seat, but can't do anything about it. The day when the shareholders hold the meeting is the day when they are swept out.
"Dong Dong --"
when people in the gloomy conference room heard the knock on the door, they all looked at the person pushing the door to the gate."Chairman, the company's share price has plummeted to $35. With the emergence of panic selling, the U.S. stock market has plummeted across the board..."
Wow -
hearing the report, everyone in the conference room immediately broke into a uproar and exchanged ugly faces. They didn't have a better way to deal with today's crash. After all, today's U.S. stock market is a full-scale crash. Under the general trend, there is no end to it!
Dong Dong!
"Let's be quiet!" The sole director, John, who was elected as the chairman of the board for the time being, had no choice but to tap the table with his fingers and whisper.
When everyone's face became ugly and quiet, their eyes focused on the face of John, the interim chairman.
"Can I track accounts with large sell outs?"
“。。。。。。” First of all, he was silent. Under the pressure of the directors' attention in the whole conference room, he said with a helpless wry smile, "it's our top 20 major shareholders who are reducing their holdings..."
As soon as the voice fell, all the people in the meeting room cast their eyes on the LCD TV that had already been set aside again. Andy Smith's sun smile, the handsome face with a bright smile, made everyone in the meeting feel a cold chill.
They know that the effect and influence of Andy Smith's move have begun. This time, Qualcomm's stock price seems to be really going back to the prototype!
At the same time, what's worse than the faces of the members of Qualcomm's board of directors is that several Ge based "White Knight" are willing to snipe at the head of Andy Smith's malicious acquisition, watching the plummeting U.S. stocks and Qualcomm's stock price plummeting to about $35, from laughing and showing off to completely panicking, starting to stop shipping loss, hoping to reduce the loss, not much After that, we can use the low chip code.
The idea is very good, but unfortunately, how can they guess that Andy Smith prepared a series of big meals for them, one after another was sent to them.
In an economic forum program on the future of the financial crisis on NBC TV, several leading economists openly questioned the necessity of "bad bank" with great dissatisfaction.
Then, before the close of the afternoon, there was a rumor in the market and a rumor in Washington that the future of the government's plan to establish a "bad bank" was worrying, so the market fell again driven by financial stocks.
By the end of the day, the Dow was down 2.82%. The Nasdaq composite fell 3.08%. The standard & Poor's 500 index fell 2.28%...
Looking at the price of about $34 When Qualcomm's stock price falls, whether it's Qualcomm or several "white knights", it can be imagined that their faces are pale and they try to sell the shares. Unfortunately, when many institutional shareholders sell the shares, there has been a panic stampede, and they are all selling. Qualcomm's stock price has been completely beaten It's under pressure!
"Ha ha... Don't worry, the good play is still ahead! "
In the lobby of Freetown investment company, Andy looks at Qualcomm's stock curve and current stock price displayed on the big screen of American stock data. His eyes twinkle and he laughs happily.
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"I'm not a semiconductor person, but I know how to make money and operate.".
"For all listed chip companies, after all, they still have to explain to shareholders and investors that they are not only looking at revenue, but also earnings and earnings per share, which are what shareholders and investors care about..."
"You ask me what the Qualcomm board is doing now? Ha ha, look at the selling of Qualcomm shares by several institutional shareholders on the scene, and you can see the attitude and views of shareholders
“。。。 Structurally, in the 1980s, small start-ups entered the semiconductor industry. In the 1990s, the trend of listing and small-scale M & A began. By 2000, horizontal mergers and large-scale transactions appeared, and the development speed of the semiconductor industry has declined.
As I stressed before, I am not a semiconductor person, but I know how to make money and operate. In the next decade, the trend of M & A in semiconductor industry will move from horizontal M & A to vertical integration M & A in the upstream and downstream. In the future, the ecosystem of semiconductor will become more and more important.
For Qualcomm's current board of directors, I don't think they can lead Qualcomm to meet the challenges in the future. I'm disappointed that they completely ignored the interests of shareholders and investors and acted on their own
In the conference room of Qualcomm's headquarters in San Diego, California, the members of the board of directors watched the LCD TV one by one. Andy Smith faced many reporters, accompanied by the shareholders of six major institutions, and interviewed like a press conference outside the Michelin restaurant.
Silence!
The collective silence makes the atmosphere in the conference room extremely dignified!
In order to protect their property from hostile takeover, it can be said that the members of Qualcomm's board of directors who have tried all kinds of tricks are silent and depressed at the moment.
They delayed the general meeting of shareholders for a month. They wanted to use time for space. When they saw the six institutional shareholders and Andy Smith standing together, it seemed that everything seemed so ridiculous!
The "overlord" whale swallows the whole hostile acquisition plan, which is just a blunder. Now they know that Andy Smith has no overall acquisition plan from the beginning. The real intention is to aim at the board of directors, subvert the board of directors to achieve the ultimate result of controlling Qualcomm.
Whose destiny will be rewritten in the near future?
Now it seems that there is no suspense about all this! Andy Smith has won the support of Qualcomm's top six institutional shareholders, plus his own shares, easily toppled the board.
With such an important "counterattack" less than a week away from the shareholders' meeting, Andy Smith clearly does not intend to give Qualcomm's board of directors reaction time.
Now I think Andy Smith is right. Qualcomm shareholders are the real helmsman!
Perhaps all of this, in the face of hostile takeover, the board of directors decided to fight back, it has fallen into the trap.
Andy Smith's hostile takeover and Qualcomm's board of directors' counterattack have different purposes, and the results are naturally tens of millions of times different.
Andy Smith's acquisition from the very beginning was for the purpose of investment benefits. In order to get the widest support, naturally, he would not consider Qualcomm's long-term strategy, but make the company's performance more beautiful by promising shareholders, drawing big cakes, or even cutting costs and layoffs in the short term, so that shareholders can obtain short-term profits as chips.
The board of directors, based on technological innovation and for the purpose of business coordinated development, starts from the long-term development strategy of business and faces the future industrial trend. The return may be slow, but it will be longer, and it has the potential to continue to explode.
To be frank, it is the difference between short-term interests and long-term interests.
Now, Andy Smith's choice of time node for Qualcomm acquisition should also be a deliberate choice.
There are enough short-term income plans in place to persuade institutional shareholders who are mired in the financial crisis.
When Qualcomm's board of directors is desperately trying to keep its board seat, use funds to buy back shares, acquire other companies, spend heavily, increase Qualcomm's assets, and prevent Andy Smith's malicious acquisition.
Andy Smith is shouting with major institutional shareholders, "Qualcomm's shareholders, you should agree to this acquisition, because you can directly obtain the benefits of red fruit. Qualcomm's board of directors can give you benefits, but it gives too little, or follow me to give more! "
The management of every listed company hopes that the capital should be less intervened and the shareholders' vision should be longer-term.
However, capital tends to profit, which is the essence that no one can change!
At the same time, capital is also sensitive, especially under the shadow of the economic crisis.
Members of Qualcomm's board of directors in the conference room are now in a mixed mood. Don't want to lose the board seat, but can't do anything about it. The day when the shareholders hold the meeting is the day when they are swept out.
"Dong Dong --"
when people in the gloomy conference room heard the knock on the door, they all looked at the person pushing the door to the gate."Chairman, the company's share price has plummeted to $35. With the emergence of panic selling, the U.S. stock market has plummeted across the board..."
Wow -
hearing the report, everyone in the conference room immediately broke into a uproar and exchanged ugly faces. They didn't have a better way to deal with today's crash. After all, today's U.S. stock market is a full-scale crash. Under the general trend, there is no end to it!
Dong Dong!
"Let's be quiet!" The sole director, John, who was elected as the chairman of the board for the time being, had no choice but to tap the table with his fingers and whisper.
When everyone's face became ugly and quiet, their eyes focused on the face of John, the interim chairman.
"Can I track accounts with large sell outs?"
“。。。。。。” First of all, he was silent. Under the pressure of the directors' attention in the whole conference room, he said with a helpless wry smile, "it's our top 20 major shareholders who are reducing their holdings..."
As soon as the voice fell, all the people in the meeting room cast their eyes on the LCD TV that had already been set aside again. Andy Smith's sun smile, the handsome face with a bright smile, made everyone in the meeting feel a cold chill.
They know that the effect and influence of Andy Smith's move have begun. This time, Qualcomm's stock price seems to be really going back to the prototype!
At the same time, what's worse than the faces of the members of Qualcomm's board of directors is that several Ge based "White Knight" are willing to snipe at the head of Andy Smith's malicious acquisition, watching the plummeting U.S. stocks and Qualcomm's stock price plummeting to about $35, from laughing and showing off to completely panicking, starting to stop shipping loss, hoping to reduce the loss, not much After that, we can use the low chip code.
The idea is very good, but unfortunately, how can they guess that Andy Smith prepared a series of big meals for them, one after another was sent to them.
In an economic forum program on the future of the financial crisis on NBC TV, several leading economists openly questioned the necessity of "bad bank" with great dissatisfaction.
Then, before the close of the afternoon, there was a rumor in the market and a rumor in Washington that the future of the government's plan to establish a "bad bank" was worrying, so the market fell again driven by financial stocks.
By the end of the day, the Dow was down 2.82%. The Nasdaq composite fell 3.08%. The standard & Poor's 500 index fell 2.28%...
Looking at the price of about $34 When Qualcomm's stock price falls, whether it's Qualcomm or several "white knights", it can be imagined that their faces are pale and they try to sell the shares. Unfortunately, when many institutional shareholders sell the shares, there has been a panic stampede, and they are all selling. Qualcomm's stock price has been completely beaten It's under pressure!
"Ha ha... Don't worry, the good play is still ahead! "
In the lobby of Freetown investment company, Andy looks at Qualcomm's stock curve and current stock price displayed on the big screen of American stock data. His eyes twinkle and he laughs happily.
"I'm not a semiconductor person, but I know how to make money and operate.". "For all listed chip companies, after all, they still have to explain to shareholders and investors that they are not only looking at revenue, but also earnings and earnings per share, which are what shareholders and investors care about..." "You ask me what the Qualcomm board is doing now? Ha ha, look at the selling of Qualcomm shares by several institutional shareholders on the scene, and you can see the attitude and views of shareholders Structurally, in the 1980s, small start-ups entered the semiconductor industry. In the 1990s, the trend of listing and small-scale M & A began. By 2000, horizontal mergers and large-scale transactions appeared, and the development speed of the semiconductor industry has declined. As I stressed before, I am not a semiconductor person, but I know how to make money and operate. In the next decade, the trend of M & A in semiconductor industry will move from horizontal M & A to vertical integration M & A in the upstream and downstream. In the future, the ecosystem of semiconductor will become more and more important. For Qualcomm's current board of directors, I don't think they can lead Qualcomm to meet the challenges in the future. I'm disappointed that they completely ignored the interests of shareholders and investors and acted on their own In the conference room of Qualcomm's headquarters in San Diego, California, the members of the board of directors watched the LCD TV one by one. Andy Smith faced many reporters, accompanied by the shareholders of six major institutions, and interviewed like a press conference outside the Michelin restaurant. Silence! The collective silence makes the atmosphere in the conference room extremely dignified! In order to protect their property from hostile takeover, it can be said that the members of Qualcomm's board of directors who have tried all kinds of tricks are silent and depressed at the moment. They delayed the general meeting of shareholders for a month. They wanted to use time for space. When they saw the six institutional shareholders and Andy Smith standing together, it seemed that everything seemed so ridiculous! The "overlord" whale swallows the whole hostile acquisition plan, which is just a blunder. Now they know that Andy Smith has no overall acquisition plan from the beginning. The real intention is to aim at the board of directors, subvert the board of directors to achieve the ultimate result of controlling Qualcomm. Whose destiny will be rewritten in the near future? Now it seems that there is no suspense about all this! Andy Smith has won the support of Qualcomm's top six institutional shareholders, plus his own shares, easily toppled the board. With such an important "counterattack" less than a week away from the shareholders' meeting, Andy Smith clearly does not intend to give Qualcomm's board of directors reaction time. Now I think Andy Smith is right. Qualcomm shareholders are the real helmsman! Perhaps all of this, in the face of hostile takeover, the board of directors decided to fight back, it has fallen into the trap. Andy Smith's hostile takeover and Qualcomm's board of directors' counterattack have different purposes, and the results are naturally tens of millions of times different. Andy Smith's acquisition from the very beginning was for the purpose of investment benefits. In order to get the widest support, naturally, he would not consider Qualcomm's long-term strategy, but make the company's performance more beautiful by promising shareholders, drawing big cakes, or even cutting costs and layoffs in the short term, so that shareholders can obtain short-term profits as chips. The board of directors, based on technological innovation and for the purpose of business coordinated development, starts from the long-term development strategy of business and faces the future industrial trend. The return may be slow, but it will be longer, and it has the potential to continue to explode. To be frank, it is the difference between short-term interests and long-term interests. Now, Andy Smith's choice of time node for Qualcomm acquisition should also be a deliberate choice. There are enough short-term income plans in place to persuade institutional shareholders who are mired in the financial crisis. When Qualcomm's board of directors is desperately trying to keep its board seat, use funds to buy back shares, acquire other companies, spend heavily, increase Qualcomm's assets, and prevent Andy Smith's malicious acquisition. Andy Smith is shouting with major institutional shareholders, "Qualcomm's shareholders, you should agree to this acquisition, because you can directly obtain the benefits of red fruit. Qualcomm's board of directors can give you benefits, but it gives too little, or follow me to give more! " The management of every listed company hopes that the capital should be less intervened and the shareholders' vision should be longer-term. However, capital tends to profit, which is the essence that no one can change! At the same time, capital is also sensitive, especially under the shadow of the economic crisis. Members of Qualcomm's board of directors in the conference room are now in a mixed mood. Don't want to lose the board seat, but can't do anything about it. The day when the shareholders hold the meeting is the day when they are swept out. "Dong Dong --" when people in the gloomy conference room heard the knock on the door, they all looked at the person pushing the door to the gate."Chairman, the company's share price has plummeted to $35. With the emergence of panic selling, the U.S. stock market has plummeted across the board..." Wow - hearing the report, everyone in the conference room immediately broke into a uproar and exchanged ugly faces. They didn't have a better way to deal with today's crash. After all, today's U.S. stock market is a full-scale crash. Under the general trend, there is no end to it! Dong Dong! "Let's be quiet!" The sole director, John, who was elected as the chairman of the board for the time being, had no choice but to tap the table with his fingers and whisper. When everyone's face became ugly and quiet, their eyes focused on the face of John, the interim chairman. "Can I track accounts with large sell outs?" First of all, he was silent. Under the pressure of the directors' attention in the whole conference room, he said with a helpless wry smile, "it's our top 20 major shareholders who are reducing their holdings..." As soon as the voice fell, all the people in the meeting room cast their eyes on the LCD TV that had already been set aside again. Andy Smith's sun smile, the handsome face with a bright smile, made everyone in the meeting feel a cold chill. They know that the effect and influence of Andy Smith's move have begun. This time, Qualcomm's stock price seems to be really going back to the prototype! At the same time, what's worse than the faces of the members of Qualcomm's board of directors is that several Ge based "White Knight" are willing to snipe at the head of Andy Smith's malicious acquisition, watching the plummeting U.S. stocks and Qualcomm's stock price plummeting to about $35, from laughing and showing off to completely panicking, starting to stop shipping loss, hoping to reduce the loss, not much After that, we can use the low chip code. The idea is very good, but unfortunately, how can they guess that Andy Smith prepared a series of big meals for them, one after another was sent to them. In an economic forum program on the future of the financial crisis on NBC TV, several leading economists openly questioned the necessity of "bad bank" with great dissatisfaction. Then, before the close of the afternoon, there was a rumor in the market and a rumor in Washington that the future of the government's plan to establish a "bad bank" was worrying, so the market fell again driven by financial stocks. By the end of the day, the Dow was down 2.82%. The Nasdaq composite fell 3.08%. The standard & Poor's 500 index fell 2.28%... Looking at the price of about $34 When Qualcomm's stock price falls, whether it's Qualcomm or several "white knights", it can be imagined that their faces are pale and they try to sell the shares. Unfortunately, when many institutional shareholders sell the shares, there has been a panic stampede, and they are all selling. Qualcomm's stock price has been completely beaten It's under pressure! "Ha ha... Don't worry, the good play is still ahead! " In the lobby of Freetown investment company, Andy looks at Qualcomm's stock curve and current stock price displayed on the big screen of American stock data. His eyes twinkle and he laughs happily.
