Chapter 453

"Ladies and gentlemen, we meet again!" Harry Potter said with a smile at the board meeting of Qualcomm group.

However, compared with before, at this time, Qualcomm's board of directors has undergone great changes, in which two funds sold all their shares to Harry Potter and completely exited.

At the same time, another founder also sold his shares to Harry Potter, but he left about 3% and continued to stay on the board.

Therefore, at this time, in the board of directors of Qualcomm group, in addition to several founders of Qualcomm, there is only one outsider left, son Zhengyi.

"Mr. Porter, you did a great job this time. You've been staring at Qualcomm for a long time!" Sun Zhengyi asked with a black face.

"What do you mean?" Harry Potter was surprised. Could it be that the boss found someone to make trouble for Hong Kong and was discovered by son Zhengyi?

"You're still pretending at this time. If you didn't leak the news to the American news media, spend money to let those news media report wantonly, and even make up the news that Qualcomm's funds are exhausted, how could our shares of Qualcomm fall to the current field!" Sun Zhengyi really hates it. He had eaten Harry Potter and wanted to make a lot of money.

Unexpectedly, even if Qualcomm's new technology experiment failed, he was seized by the other party and poked into the news media. As a result, Qualcomm's share price fell by about half, and his investment in Qualcomm also shrank by half. It is only when son Zhengyi can be happy that there is a ghost.

"Mr. Sun, we are all people on Wall Street. Is it still a means to disclose the news to the media? Isn't it all our daily work?" Harry Potter laughed. "If you don't work hard and the experiment in Hong Kong fails, we can't spread the news, can't we?"

"Besides, isn't Qualcomm running out of funds? How many dollars do you have in your account?" Harry Potter asked with a smile.

"No comment!" said son Zhengyi, biting his teeth.

"Oh, I almost forgot. I'm the chairman of the board of Directors now. I don't need to ask you. Come on, go and find the chief financial officer for me. I'll ask him to report the financial situation of the group to me!" Harry Potter said with a smile, and the others were ashen.

Soon, the chief financial officer came. He didn't know that the new chairman would ask about the financial situation, so he handed a long prepared asset list to Harry Potter.

"Tut tut Tut, it turns out that we don't even have $1 million in our account, and we don't even have enough money to ship those 18 equipment back by plane. Unexpectedly, Qualcomm has been so miserable!" Harry Potter said in a strange way, but several other directors can only smile bitterly.

No way, Qualcomm is really out of money. They originally planned to take advantage of the success of the experiment to open a new round of financing to make money. Unexpectedly, the experiment failed and the stock plummeted. Now there are still people willing to invest in Qualcomm.

"Mr. chairman!" Owen Jacob stood up and said, "since you are still willing to join Qualcomm at this time, you are still optimistic about the prospects of Qualcomm. We hope that the board of directors will immediately issue additional shares and absorb a sum of funds to maintain the operation of the company!"

"Additional issuance at this time? Who do you expect to pay for these shares?" Harry Potter shook his head and said, "it's useless. Now the company's shares are plummeting. If you issue additional shares now, it's equivalent to telling all investors that the company has no money. In this way, the company's shares will only fall more severely, and no one will be willing to buy shares at all!"

"This..." Owen Jacob is a researcher. He doesn't know much about operation, but Harry Potter makes sense. He looked at son Zhengyi and found that son Zhengyi was silent and didn't jump out to refute, indicating that what Harry Potter said was true. Now the additional issuance can't raise money.

"What about private placement?" suddenly, son Zhengyi said, "since Mr. Harry Potter knows that our company is still willing to buy shares in case of lack of money, it shows that Mr. Potter does have expectations for Qualcomm's future. It's natural that Mr. Potter is investing a sum of money to maintain Qualcomm's operation!"

"Why don't we issue some additional shares to Mr. Porter, so that Mr. Porter's equity ratio can be increased, and the company can get a financial support, isn't it beautiful?"

"This..." Harry Potter hesitated for a moment, then looked at the other shareholders and asked, "do you have any comments?"

"We have no opinion?" all the shareholders shook their heads desperately. Are you kidding? If they refuse to issue private placement again at this time, the company will really be finished.

Therefore, with the unanimous consent of all members of the board of directors, Qualcomm's board of directors decided to issue an additional $50 million of shares to American priority foundation, so that the equity proportion of the foundation in the board of directors increased from 51% to 68%. In the whole Qualcomm company, no one can challenge the authority of American priority foundation.

The shareholding proportion of others has also decreased. In addition to the remaining 8% of the circulating shares, Owen Jacobs still has 7% of the shares. The other founder shareholders, combined, have about 14%, while sun Zhengyi's shares have decreased to 3%, which is pitiful.

However, what makes Harry Potter a little unhappy is that he once privately asked son Zhengyi and said he was willing to get 3% of the shares in son Zhengyi's hands, but he was rejected by son Zhengyi, so he wanted to stay in Qualcomm, which makes Harry Potter helpless.

Then, Qualcomm announced the drastic internal equity changes and the fact that the company was basically acquired by the American priority foundation. At the same time, it also released the news that the company obtained a financing of US $50 million.

Stimulated by the good news, Qualcomm's share price finally stopped its sharp decline for several consecutive days and stabilized again, but Qualcomm was also greatly weakened. In the eyes of outsiders, Qualcomm seemed to have to wait for chronic death.

After the board meeting, Owen Jacob took the initiative to find Harry Potter and hoped to resign as president and CEO of the company.

"Why?" Harry Potter asked in surprise.

"This time the company's crisis is my fault!" Owen Jacob sighed "This CDMA experiment failed under my leadership, and I should take the blame and resign. However, Mr. chairman, I still firmly believe that CDMA is still Qualcomm's unswerving development direction in the future. Although this experiment failed, we must not give up. We must go on firmly and succeed sooner or later!"

"Unfortunately, I'm leading you down now!"

"Mr. President!" Harry Potter smiled, and then handed back the manual resignation report to Owen Jacob. "It's the best president of the company. I never want to replace you, otherwise Qualcomm will really become a fly without a head."

"Thank you, chairman!" Owen Jacob showed his gratitude, and then asked tentatively, "the development direction of the company..."

"Now that we have invested hundreds of millions of dollars in CDMA research funds, isn't it a waste of all our previous efforts to turn the direction now? Moreover, I heard that the experiment is not a complete failure, and the communication is still established, but it's not stable enough. So I suggest the company renovate the equipment and start the experiment again!"

"Start the experiment again!!" Owen Jacob was ruddy at first, but soon laughed more bitterly. "Mr. chairman, in fact, the whole world has been occupied by the second-generation communication protocols of other companies. Europe, North America and Fuso all have their own communication protocols. Now only some countries in Asia have not been occupied."

"Originally, we intended to take Hong Kong as the most important experiment and promotion base, but with the last failure, Hong Kong and Hong Kong have refused to continue the experiment with us, while some other small countries simply do not have the conditions to carry out the experiment. Where else can we carry out the experiment?"

Owen Jacob sighed.

"Mr. President, I'm very curious about one thing!" Harry Potter gently tapped the table and said, "there is nothing on the land of a country with the first population and the third land area in the world. Why do you turn a blind eye?"