This year, Christmas Eve has become particularly cold.

Li Xiaobin took his wife and daughter to the Bahamas for a holiday. Eric and Mary sent a card to express their wishes by telephone.

Norma, who has been together with little Kendy, is rare. She also calls them to express her blessing.

It seems that Li Zitao's attitude towards the two people's feelings has changed and Norma's understanding has been obtained!

The Duke is busy celebrating with the people and preparing for the federal summit to be held in London a month later. He has no time to come.

Mason, not to mention, was traveling to Bermuda on behalf of Elizabeth.

So, this year, they are the only family to celebrate.

But because of the previous events, the atmosphere was not pleasant, but some cold and stalemate.

"If only there were atmosphere groups." Li Zitao suddenly missed those girls who had done their best.

Fortunately, there was only one day for the festival. Eden flew back to New York the next day, and Li Zitao was going to Seattle for a meeting.

Thanks to the massive investment, IBM has made great progress in recent years.

Among them, the "ARPANET" project of the "advanced planning laboratory" which has attracted the most attention, has been declared successful.

At present, IBM has become an important partner of the Ministry of defense.

ARPANET, together with half of the U.S. military network, has multiplied the U.S. military's communication and coordination capabilities by dozens of times.

In private sector, ARPANET has also been applied in many fields such as large enterprises, administration and education.

Network is no longer a strange word.

However, it is still very far away from ordinary people, only the government and big entrepreneurs can feel its magic and convenience.

Shareholders, who used to have a lot of complaints, are now wise after the event.

I'm good at it.

A good annual meeting was almost made into a flatterer forum by them.

"IBM's overall development, still need to maintain a high investment, we need to look at the future, rather than the immediate profit gain and loss."

"I think you've been rewarded enough and hope to get more." Li Zitao's words can be said in the hearts of shareholders.

Does anyone think he has too much money?

Charlie Lee, who has been predicted by the media to be worth 10 billion, will not think that they can be complacent.

There is still a huge gap between them.

"The investment of the laboratory can be guaranteed, but Charlie, should we cut down some projects and focus on the Internet? "

Watson is from a business point of view. At present, the project plans they put in are too scattered, which is not a good phenomenon.

Especially for large enterprises like IBM, decentralization is not as good as concentration. Only focusing can do the best.

"What do you mean?" Li Zitao looked at him and asked.

"The research and development of minicomputers has not achieved any results until now. We should wait a little longer."

Watson's speech was approved by the shareholders. Tens of millions of investment has been accumulated up to now, and there is still no return.

Even shareholders who see hope on ARPANET don't think it will change in the near future.

One year, two years, three years

They can bear with Li's strong pressure and the continued benefits of other projects.

However, six years have passed and no hope has been seen.

This kind of feeling is like putting money into the bottomless abyss, which can never be filled and created benefits!

In the short term, at least, there is no hope in the last 10 to 20 years.

They want to be able to shut down projects and re-enter research and development when the time is ripe.

"Our mainframe has been able to occupy a room to now only the size of a car, all thanks to it."

Li Zitao looked at the shareholders one by one and looked at them with his eyes. "Isn't it just the change of volume that makes ARPANET successful?"

All shareholders look at each other, he said is true, but not very accurate!

If you want to reduce the size of the machine to today's size, it will cost no more than 10 million US dollars, and the follow-up more than 100 million yuan will be fruitless.

Everyone knows that computers in the future will become smaller, faster and more advanced.

But before the technology matures, there is no need for an unlimited amount of investment to promote that tiny change.

"When a thousand Li dike is destroyed in an ant nest, it is often those seemingly insignificant changes that will set off a huge wave."

"Believe me, your investment will get abundant returns. If someone is dissatisfied, you can come to me at any time, and I will give him a suitable price."

When he said that, no one complained, even Watson.

Sell the shares to him, and no one will agree to do so unless he is facing bankruptcy or for irresistible reasons.All the people who can stay on the board at this time are people who are full of confidence in him and are extremely optimistic about IBM's future.

It's not their style to flinch.

At the beginning, ARPANET was not stable enough and had not been officially launched into the market, some shareholders encountered financial difficulties.

But he would rather let go of his profitable investment and insist on holding IBM shares.

Of course, this has something to do with the fact that its shares could not be bought at a price and could not fill the hole.

But also from the side to prove that he is how optimistic about IBM.

ARPANET's success, the huge public opinion and reform, as well as the huge profits brought about, all proved to him that his vision was right.

Li Zitao's achievements and legendary experience also play a great role in it.

Shareholders believe that he will never make a loss, that his judgment is correct, and that he can make a good profit.

This is actually a kind of gambling. From the standpoint of shareholders, it is very dangerous.

Fortunately, they won!

Now, they can only count it as another gamble.

If you win, you will get more than ARPANET.

Almost every time we have to argue about it, the issue of R & D investment raised again is over, and Watson thinks of another thing.

"Charlie, do you know of a company called Wang laboratories?"

"Oh? What's the difference with it? " Li Zitao neither admitted nor rejected it.

I'd like to hear what Watson is going to say. Wang laboratories, of course, knows this company.

It should be said that any Chinese who is interested in the history of it will not be unfamiliar with Wang An.

"We've acquired a patent for its core memory, which is a technology that can replace punch cards, which is smaller, lighter and more advanced."

"It's just that there was a misunderstanding between us during the transaction, and Wang set up a new computer company with the money from the sale of patents..."

Speaking of this, Watson's face is a little embarrassed. Compared with IBM, Wang An's computer company is like a humble little ant.

Can be such small ants, one after another to design their surprise products, gradually grow up.

Even, it has the ability to reject and resist IBM.

They worry that if it goes on like this, IBM will lose its dominance and monopoly over the industry.

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