Chapter 1148

The time to start negotiations should be when the situation begins to get worse, not when the situation has become worse or the worst.

The situation gradually becomes worse, which will make the negotiating object gradually lose the confidence of resistance, and also make the third party cautious and afraid to act rashly because they can't see through the changes of the situation.

Zhang Ke doesn't mind paying a premium of US $100 million to US $200 million for the acquisition of modern TFT LCD (thin film liquid crystal) business assets. He is more worried that Hg electronic enterprises such as Samsung or LG will stand up and become an obstacle to the acquisition.

Zhang Ke stared at the quiet night outside the window. Many things would not be as simple as expected. He waited for Chen Xinsheng to send the acquisition plan to his mailbox. When he heard the prompt sound of the acquisition email sent by the computer, he sat in the computer and carefully read the acquisition plan.

During the Asian financial crisis, Hg's economy was deeply affected. The number of super large groups supported by Hg's domestic government went bankrupt and closed down in the financial crisis even exceeded one third of the total. Hyundai Group, LG Group, and even SamSung group were pushed to the brink of bankruptcy by the financial storm in 1997 and 1998. In order to cope with the financial crisis, the Hg government restructured the business and assets of large group companies. The merger of LG semiconductor and modern semiconductor business departments into modern semiconductor was one of the most important links in the original Hg economic restructuring plan - which was also the embodiment of the will of creditors.

The restructured modern semiconductor is led by Hyundai Group and has become the second largest chip manufacturer in the world; But this reorganization and merger under external pressure can not be regarded as a happy marriage. Although Hyundai semiconductor is under the leadership of Hyundai Group, in fact LG semiconductor has always opposed Hyundai Group's management and control over its semiconductor department, which makes Hyundai semiconductor full of contradictions at the beginning of its establishment and has been unable to get rid of the negative impact of the financial crisis.

In 1998 and 1999, the tide of new technology surged, the global market demand for chips rebounded steadily, and modern semiconductors still suffered huge losses. The patience of creditors and shareholders has become limited. They have the intention to spin off modern semiconductor from the modern group to avoid the whole modern group being dragged down by modern semiconductor.

Now that the new technology bubble is bursting, the crisis in the stock market will soon spread to the real industry, and the problem of modern semiconductors will be resolved without a smooth and clean situation.

The purpose of stripping Hyundai semiconductor, the world's second largest chip manufacturer, from Hyundai Group is to sell it at a good price. In order to better find the acquisition transaction object, some non core businesses need to be stripped from Hyundai semiconductor before stripping Hyundai semiconductor from Hyundai Group.

In February 2000, TFT LCD business was first stripped from modern semiconductors as a non core business to establish * * hydis LCD company. Hydis LCD company is now supervised by the creditor Committee, which is mainly composed of Hg state-owned banks, and has no close relationship with Hyundai Group.

Thin film liquid crystal TFT LCD technology mainly comes from Japan. The Hg government vigorously supported the liquid crystal industry in the mid-1990s and invested in building a large number of third-generation and fourth-generation lines. Even now, thin-film liquid crystal TFT LCD is mainly used in notebook computers; Throughout the 1990s, the global sales of notebook computers were quite limited. The market demand for TFT LCD is not strong, but it is also a technology and capital intensive industry. The manufacturers who invested in TFT LCD in the early stage continue to lose money. For example, although Samsung is currently the largest TFT LCD thin film LCD manufacturer in the world, it has also lost money for seven consecutive years before turning losses into micro profits last year.

Even after seven consecutive years of losses, even in the most serious season of the financial crisis, Samsung did not mean to give up the thin-film LCD TFT LCD business, and was firmly optimistic about the future market prospect of TFT LCD.

The Asian financial crisis and the sharp depreciation of the Korean won exchange rate have made the export of Korean won electronic components more favorable. At the same time, it has developed into the world's largest notebook assembly base. These factors have led to the early recovery and rise of Hg's thin-film liquid crystal TFT LCD industry. The global market share has increased from 8% before the outbreak of the financial crisis in 1997 to 34% at the end of last year.

Although the Hg thin film liquid crystal TFT LCD industry has achieved profits in the whole industry in 1999, and the market prospect is becoming more and more clear. Samsung and other Hg electronic enterprises have strengthened their determination to invest in the thin film liquid crystal TFT LCD business, the creditors behind the hydis LCD company have no intention of long-term operation. Moreover, if hydis LCD company wants to operate for a long time, it must immediately consider raising huge funds to launch a new generation of thin-film LCD production line, otherwise it will face the face of technology and production being eliminated. Rather than raise a lot of money and take risks, it's better to sell it at a good price

As early as 1997, Zhang Ke determined the direction of developing TFT LCD industry for Jinhu, and let the relevant production and technology departments make active preparations for this.

In 1997, four or five domestic enterprises had STN LCD production capacity and relatively complete technology. Jinhu still introduced complete STN LCD technology and equipment from abroad as its key industrial development, and established * * crystal screen electronics company under IDA group to develop LCD panel business.

As early as during the Asian financial crisis, it began to absorb laid-off engineers from the then crisis modern semiconductor department to strengthen Oak Park's R & D department in this regard.

The Asian financial crisis has brought about the rise of Hg thin film liquid crystal TFT LCD industry. However, Japanese LCD panel manufacturers are at a disadvantage due to cost competition. The global market share has suddenly decreased from 90% before the outbreak of the financial crisis in 1997 to 50%. During this period, the actual capacity growth of the global market was quite limited. Under this background, the life of Japanese LCD panel manufacturers and engineers and technicians in the Japanese LCD industry was difficult - which also made it convenient for Jinhu to directly absorb middle and senior technicians from Japan, the birthplace of TFT LCD thin film LCD technology.

The experimental center of Jinhu in Tsukuba, Japan, and the seventh laboratory under oak garden have become the two main bases for liquid crystal panel technology development under Jinhu, with more than 400 staff and more than half of middle and senior researchers.

In mid-1999, nearly 300 million R & D funds were invested, and Oak Park pilot laboratory was able to produce TFT LCD thin film LCD panel products comparable to the third generation line; Now we are tracking the technology of sharp, Panasonic, SEL and other enterprises to develop the fourth generation products.

Due to the use of a large number of Japanese and Korean R & D personnel, it is inevitable to learn from the successful development experience of the original Japanese and Korean LCD panel manufacturers; Otherwise, it is impossible to successfully develop third-generation line thin-film liquid crystal products so quickly and at such a low cost.

Hydis LCD company has only two third generation production lines, while Samsung and Japanese enterprises have begun to build fourth and fifth generation production lines; The goal of Jinhu is to directly build the fourth generation line to shorten the distance with Japanese and Korean electronic enterprises. The manufacturing department and even the technical department of the hydis LCD company under the modern semiconductor company are not the greedy object of Jinhu. Jinhu plans to acquire the hydis LCD company, mainly to buy a ticket - to acquire the complete ownership and use right of TFT LCD thin film technology patent under the hydis LCD company, so as to solve the possible hidden dangers in technology patents in the future.

Without this ticket, Jinhu can theoretically produce and sell TFT LCD screens in China, but Jinhu's goal is to participate in global competition. It can't put a label of "Shanzhai enterprise" on its forehead - this ticket must be obtained.

Hydis LCD is not the only acquisition target of Jinhu. IBM also intends to sell its non core businesses, including TFT LCD business unit - at this time, 18 enterprises around the world have this ticket.

Zhang Ke read the acquisition plan sent by Chen Xinsheng, and the night was dark.

The campus also fell into silence. The mobile phone screen flashed and lit up. Zhang Ke picked up his mobile phone and saw that it was Li Xinyu's phone.

"Why, haven't you slept yet?" Zhang Ke asked.

"Lying in bed, I haven't fallen asleep," said Li Xinyu in a soft voice. It sounded that she pasted her mobile phone between her ear and pillow, a little hoarse. "How's the situation?"

After the provincial public security department made a decision on criminal detention and took the nine Hg people away, the students around the international student apartment dispersed one after another. The student of urban construction college was diagnosed with skull fracture and brain contusion. He has been in a coma and never woke up. The provincial military hospital is organizing experts to operate on him overnight. Now I don't know the effect of the operation. Several other students who were injured in the dormitory had no serious problems except that one of them had a broken arm.

Zhang Ke also just received a phone call from Shi Xuebin to understand the specific situation. He repeated it with Li Xinyu on the phone.

"Well," Li Xinyu said after a moment of silence on the other end of the phone, "can the school provide him with the best medical treatment? Do you want me to help do something? I didn't expect them to be so irrational."

"Sufficient treatment costs will be guaranteed..." Zhang Ke doesn't want Li Xinyu to be involved. The treatment costs are not a problem. After all, the school and the city don't want things to make a big deal. The cost is second. Afterwards, the school will come forward and ask for compensation, He already knew from Chen Xiaosong that the person who left after being beaten in the ballroom was Jin nanyong, Li Zaizhu's senior assistant. Although Jin nanyong was not involved in the matter, it was unclear whether Jin nanyong did any tricks behind his back. He vaguely felt that the development of the matter would be detrimental to Li Xin, But I don't know how to talk to her.

"Can you come over and talk with me?" Li Xinyu asked on the phone.

"You come," Zhang Ke promised, thinking that she might be able to guess what would happen.

Zhang Ke ran downstairs and opened the door. He went to the kitchen and boiled the ground coffee. Listening to the closing of the door, he looked over his head. Li Xinyu came in wearing a silk printed nightdress with lace suspenders. It was a little cold at night. She was still wearing a cotton shirt. She came in and grabbed both sides of the shirt. Her scattered brown hair exposed her pure and bright face. Zhang Ke said to her, "I'm making coffee."

Li Xinyu owed her body and said sorry, "I can't sleep. I'm disturbing you." she came to the kitchen and waited for the coffee to boil with Zhang Ke. She smelled the stronger coffee aroma in the room. She didn't particularly want to talk. It seemed that standing here together and smelling the coffee aroma was a good enjoyment.

"Go to the roof to see the stars?" when the coffee was ready, Zhang Ke asked Li Xinyu.

"Yes." Li Xin nodded.

"Then bring the coffee and I'll go back to the room to get a blanket." Zhang Ke handed the tray to Li Xinyu. He went back to the room to get two plain thin woolen blankets, went up to the roof, and took the mobile phone with him.

The rain stopped outside, the clouds dispersed, and a few stars could be seen. It was a little cold at night.

There are two side-by-side reclining chairs in the sky garden. Put the coffee on the square tables on both sides. The reclining chair is a little wet and feels a little cold. Zhang Ke unfolds a thin pile of wool to cushion it below, asks Li Xinyu to lie down, covers them with a thin pile blanket, and looks up at the Star River in the night sky.

"There's nothing special to say. I just think it's good to lie down like this. Do you think I'm too bored?" Li Xinyu asked.

"Then lie down like this," Zhang Ke said with a smile.

"Although we have nothing, our relationship may still talk nonsense. Will you be angry?" Li Xinyu asked again.

"No." Zhang Ke shook his head.

"If I can't fall in love with others and can only love you reluctantly, will it confuse you?" Li Xinyu asked.

Zhang Ke turned his face and looked at Li Xinyu's crystal clear eyes. His eyes were pure and innocent. He was seriously discussing a problem.

"How can you be confused? This may be a very simple thing. For example, if you lie here and have nothing special to say, you feel like lying down."

"You are repeating my words," said Li Xinyu.

"I think this sentence can express this meaning. Some people always make a fuss about how they can lie there and just look at the stars without talking... Others always make a fuss about how they can do that if they like a person!" Zhang Ke said.

"If you don't speak, you can talk more than ever," Li Xinyu said with a happy smile. Orer got up and sat there and looked at Zhang Ke seriously. "Seriously ask a question. Does Miss Chen Jing think so? She is a rare strong woman."

"Did you ask her if she could only love me reluctantly?" Zhang Ke didn't answer directly. He said again, "this question needs to be asked before she can know."

"...." Li Xinyu pouted slightly, seemed dissatisfied with Zhang Ke's answer, but didn't say anything. She stretched out her hand, pillowed her head, looked at the deep night sky comfortably, Zhang Ke smiled, held her head in her hands, looked at the stars in the sky, thought about things, and then looked at Li Xinyu with her eyes closed and fell asleep; Zhang Ke yawned, curled up and closed his eyes to sleep.

In the early morning, it began to rain again. There were raindrops on his face. Zhang Ke woke up immediately. There was a clear light around him. Seeing Li Xinyu curled up in a thin pile blanket, he pushed her: "it's raining. Let's go in."

"Lie, I want to sleep a little longer..." Li Xinyu was sleepy and didn't want to get up. She said in Korean, "let me sleep a little longer!" her head was wrapped in a blanket and couldn't feel the rain falling.

"It's raining..." Zhang Ke didn't expect that she was still a sleepy guy. He sat up to lift the blanket and let the rain drop on her face to make her feel.

"You hold me down, wrap me in a blanket and hold me down. Don't let me get caught in the rain." Li Xinyu pulled the blanket and didn't let Zhang Ke open, still said in Korean.

Zhang Ke scratched his head and picked up Li Xinyu with a thin woolen blanket. Only then did he find that she didn't press her hands as much as he thought. She curled up like a baby, carried her downstairs and put her on the bed in the bedroom. The blanket spread and covered her face, revealing her waist. Her waist is very thin, which makes people wonder how such a thin waist can connect such a plump chest with a round hip.

Zhang Ke rubbed his face and covered her with a thin blanket. He remembered that his mobile phone was still on it. He was turning to get his mobile phone and watched Li Xinyu sit up from bed in a panic.

"Sorry, I had a dream. I dreamed of sleeping outdoors with my father. When you talked to me, I still vaguely thought it was my father talking to me and asked you to hold me down..." Li Xinyu sat on the bed with a blushing face and looked at Zhang Ke with embarrassment. "At this moment, I suddenly remembered that I was in China."

"Such a heavy daughter, holding it down, almost flashed my waist," Zhang Ke said with a smile. "Or you sleep a little longer and I forgot to take off my mobile phone."

"Can I use your computer?" Li Xinyu asked. "After chatting with you yesterday, I sent an email to my father. Maybe he replied."

"You can use it," said Zhang Ke. Just after walking out of the bedroom, he remembered that yesterday's e-mail had not quit. The plan to buy hydis LCD company was put on the desktop. Li Xinyu could see it as soon as she activated the computer. After hesitating, she went up and took down the mobile phone first.

Li Xinyu sat in a chair and watched Zhang Ke take down his mobile phone. He said, "do you really want to buy hydis LCD?"

"...." Zhang Ke nodded.

"Our Institute of economics has also noticed that Jinhu's investment in STN LCD is extraordinary. I think you are preparing for entering the field of TFT LCD - I made this judgment. I also said in my report that hydis LCD will be your priority. Look, my judgment is very accurate." Li Xinyu smiled happily and explained, "Your email is on the desktop. I saw it when I turned on the computer, but I only looked at it twice - I won't write this report to the company anymore."

"Nothing," said Zhang Ke with a smile. "Did your father reply to your email?"

"No," said Li Xinyu with some regret, "maybe he went to bed early last night and didn't work. When he didn't work, he would never touch the computer."

Li Jianxi is a reclusive person who rarely appears in front of the media. Although Samsung has made brilliant achievements, he will not be interviewed by the media unless he has to. The outside world knows little about his life.

Zhang Ke said, "then you'll have to wait a little longer to receive your father's reply."

Li Xinyu yawned. She was still very sleepy. She was just embarrassed to sleep in Zhang Ke's bed. She left and went downstairs. Zhang Ke turned off the computer and lay in bed for another sleep.

Zhang Ke didn't get up until ten o'clock. Shangdong University BBS knew that the student of urban construction had a successful operation at night. It still needed time to observe whether there would be any sequelae. After investigation, it became clear that Dongda made the punishment of expelling seven Hg foreign students who participated in the beating in the morning. Further treatment depends on the results of the injury assessment of the injured students.

Due to the timely and decisive handling of the school, the students do not have much anger, and the calm in the past has been restored on the campus. Only the parties continue to be entangled in the event and pain, and they have to wait for a period of time to completely solve it.

For Du Fei, the next period of time is to complete the integration of Internet platform resources such as Kunteng, Dongda Chuangyu and Zhuoyu. Dongda Chuangyu is willing to pay US $2000 and 6% equity to Kunteng online to acquire micq business and related resources. This plan was quickly adopted by the board of directors of Kunteng online.

In addition to making Kunteng online profitable 2000 years ago, in the eyes of mature investors, Kunteng online's capital balance of more than $100 million is more meaningful.

Dongda Chuangyu wants to better integrate Internet resources by using micq network instant messaging platform. It won't be effective for a while and a half.

Jinhu's acquisition plan will be carried out in the name of Hg subsidiary, which can avoid many legal and procedural troubles. Therefore, Jinhu will increase the registered capital of Hg subsidiary to US $100 million. Although the offer to hydis LCD company is made in the name of Hg subsidiary, it will not be achieved overnight; Even if Samsung's competitors can't stop hydis LCD from being acquired by Jinhu, they will do everything possible to delay the acquisition time, which is in their interests.

In the next ten days of May, the NASDAQ index has been shaking down, and the Internet concept stocks in Shanghai and Shenzhen have also been hit deeper and deeper. Under such a big selling pressure, Hongxin ran out of existing tray funds and didn't have the courage to mobilize huge funds to support the market before the situation was reversed. In the last two days of May, Haisu technology hit two limits in a row because it didn't have the support of tray funds.

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