Chapter 1468

“。。。 My accession will not change anything. Qualcomm will continue to implement its original development strategy. While maintaining its financial stability and a good return on capital plan, it will invest more money in R & D to ensure our technological leadership.

And will make various investments to better maintain the company's leading position in the semiconductor market.

What is the most expensive thing in the 21st century? Talent!

What we see, however, is the brain drain, Qualcomm's massive layoffs in recent years, which has seriously lost the talents needed for competition.

Qualcomm faces even more serious problems. It is difficult to bring "the next big event" to win the competition and obtain new royalty collection channels.

Innovator's dilemma!

To be fair, I'm here... With a clearer development direction and brand-new goal, to increase Qualcomm's core business competitiveness! "

Andy's mouth turned up and smiled calmly. He stretched out his finger and drew a circle beside the sun Xue. His eyes were bright and confident. He looked at the leaders of several large institutions around him and drew pancakes for persuasion. He hoped to get the support of these large shareholders of Qualcomm, so that he could easily seize the power of the board of directors of Qualcomm.

Andy demonstrated his ambition to acquire Qualcomm, which caused five leaders of Blackstone Group, pioneer group, Fidelity International Investment Fund, State Street bank and Wellington management group to think deeply.

When they met in Houston, they guessed who the mysterious acquirer who had been making a lot of money to buy Qualcomm shares recently. To be honest, it surprised them. After all, Andy Smith, a super rich man, gave people the impression that he was more focused on the construction of media empire.

But now I suddenly stand in front of them and tell them, yes, I want to buy Qualcomm, and I want to enter the wireless semiconductor industry, which makes them feel a little confused.

However, thinking of Andy Smith's firm support for smart phones and several IT companies he has mastered before, I am relieved. Mobile games, mobile app, APP app store all show that he is very optimistic about the future of smart phones, so looking at Qualcomm is understandable.

After all, Qualcomm became the world's largest wireless semiconductor supplier for the first time in the first quarter of 2007.

"Then, Mr. Smith, what's your offer?" The CEO of State Street first asked, "they are investment institutions, and the pursuit of interests is the most important thing. If the short-term interests can be maximized, they will not hesitate to agree with Andy's offer to sell their Qualcomm shares.".

As for whether Qualcomm will change its ownership or whether its founders will be kicked out of the company, this is beyond their consideration, but it is certain that the descendants of Qualcomm's founders can no longer control the future fate of the company.

"35 dollars, based on the share price in recent days, a 25% premium."

Andy's words haven't finished yet, and the five CEOs of the next stage all smile and shake their heads. This quotation seems to be quite different from their psychological price, so they all shake their heads to express their meaning without hesitation.

"Cash payment." Andy didn't pay attention to the shaking heads of several people. He didn't intend to eat all the shares in these big institutions. This quotation is incomparable with the highest price of $56 before Qualcomm. However, in this financial storm, some Qualcomm investors are tired of waiting for the stock rebound to pay off. No one knows how long the financial crisis will last. Qualcomm's stock price To what extent.

Andy believes that as long as he announces to buy Qualcomm shares at a price of $35 A share, there will definitely be many institutions to sell. For the five major shareholders present, Andy needs their support more than anything else. They support him to replace the members of the board of directors with his own people. At the end, he will be the chairman of the board and control Qualcomm.

"At present, the global economy is in a slump, and all countries have been impacted by the financial tsunami. You have also experienced the time when the stock price rose to $56. Now the stock price is down to $28. To be honest, without the support of my large-scale acquisition, no one can say how much the stock price will fall, and it is even more difficult to predict when the financial crisis will end.

Even in this case, you are still inseparable from Qualcomm, which is hard to be valued. If I succeed in becoming the owner, how about giving some overseas cash back to shareholders? "

In Andy's view, the acquisition of Qualcomm is a step-by-step process, which can not be accomplished overnight. Because more than 60% of Qualcomm's shares are in the hands of major institutions, to a large extent, it is a very fatal trouble. The major shareholders are strong, the board of directors is weak, and the board of directors is easily overthrown by the major shareholders.

To truly control Qualcomm, Andy can only coax these large shareholders to make a slow progress. When he becomes the largest shareholder, he can gradually squeeze these institutional investors out of the board in various ways.

As soon as Andy's proposal is put forward, the five people on the scene will have a slight twinkle in their eyes, and then look at each other. For Andy who now owns 15% of Qualcomm stock, to be honest, they also have a headache. They also know that they can't prevent Andy Smith, a super rich man, from continuing the acquisition plan.Now Andy Smith is hoping to enter Qualcomm at a smaller price, so he wants to find them and get support. If they refuse, it can be imagined that the smiling young man in front of them will not stop the acquisition. Then, once the other party becomes the largest shareholder in the board of directors of Qualcomm and gains the authority of the chairman, the first thing they will deal with is these institutions. Without much effort, a proposal that does not pay dividends for several years in a row can block them!

Can you stop it?

All five CEOs saw helplessness and doubt in each other's eyes, and then they all turned their eyes to Andy Smith, who was still calm and calm. They laughed bitterly, mainly because this guy was too rich to stop his money offensive.

"I never treat my friends badly. I'm not a stingy person. We can earn money together. There are many opportunities for our cooperation in the future. Some of my small companies may need your financial support to get better and faster development in the future. What do you think?" Andy's mouth turned up, showing his white teeth, and his eyes were bright and sharp. He looked at several people one by one, threw a bait again to shake the other's mind.

This time, the CEOs of five investment institutions were shocked. Faced with the deadly bait thrown out by Andy Smith, no investment institution could refuse it. All American investment banks, including wall street, know that the development potential of several IT companies in Andy Smith's hands is very huge. As long as all of them are listed, Andy Smith might even become The youngest richest man in the world.

In particular, he has just acquired NBC global. You need to know that this media empire, but the private company, is not listed. If they can get a part of the shares, when they go public, they will definitely make a lot of money.

Andy calmly and confidently looked at the five people with a light smile. He had too many chips in his hand. He didn't worry that these vampires would resist the temptation. Look at the present situation, throw out one at random, and let them show greedy eyes.

"Why not?" Stephen Schwarzman, the co-founder of Blackstone Group, suddenly spoke up and continued under the eyes of several other people's doubts: "I am very interested in Mr. Smith's proposal. Qualcomm's future needs people with a more strategic vision to lead. You guys, since Apple launched the crazy cell phone, the era of disruptive change has sounded a clarion call, and the world has turned a new page Qualcomm needs a longer-term strategic layout and development plan. I believe Mr. Smith will lead Qualcomm to a brighter future! "

"Well, I agree with you, Stephen, I have no problem!"

"Mr. Smith, our State Street bank supports you to join us. If the price is right, we are willing to sell some shares..."

"No problem. Over the past year, Qualcomm's magic has gradually disappeared, and its revenue and profit growth have declined. I'm looking forward to Mr. Smith's continued magic."

"Our pioneer group very much hopes to become friends with Mr. Smith and deepen cooperation..."

Andy's mouth curved more and more. He smiled confidently and raised his champagne to touch the crowd. "Thank you. In the future, you will be proud of your decision today! Happy cooperation! "

"Happy cooperation! x5”