Chapter 1107

"Kalikan's Icahn capital compound interest annualized rate of return is even higher than that of Warren Buffet, Madoff and zorros, but the method of playing is completely different. He keenly observes the differences in the interests of senior managers and shareholders of listed companies, and makes profits through various financial means."

"When a senior manager pushes up the stock price in order to get stock rights and options, which causes the company's value to deviate from the fundamentals, he manipulates the media to repeatedly criticize and start short selling. When the stock price of a company is lower than the actual value, he will turn to attract money and wait for an opportunity to launch a malicious merger. The more intense the resistance of the management, the easier it is to get into his suit. One of the most typical means is enterprise surprise. After buying a large number of shares of the listed companies that they like, they can stabilize the position of strategic shareholders and force the company to make management or strategic reform, so that the stock price will rise rapidly in a short period of time. "

"But Carl Icahn doesn't really care about the development of enterprises, he only considers how to make profits from the acquisition and sale of shares. In 1985, he took over universal airlines and became the chairman of the board. He began to act as a barbarian at the door of the company to sell the company's assets for personal benefits. In 1988, he couldn't bear his management and other shareholders to invite him out of the company by various means. After that, he made a huge profit of nearly 500 million yuan, and left the company with a huge debt of more than 500 million yuan. Later, he got more than 100 million yuan Compensation. "

"Therefore, he hated the poisonous pill (a large number of new shares were issued at low prices, which reduced the proportion of shares in the hands of the purchaser, diluted the equity, increased the acquisition cost, and led to the failure of the purchaser to achieve the control target) plan. He also hated the board system of listed companies, especially the elected representatives of employees and directors, as well as the strategic cooperation between the government and the company Independent directors appointed by partners. He claims that these people can't think about the interests of the company and shareholders at all. They just want to get more management shares, dividends and high salaries to win the support of other shareholders. "

"So he's not a complete short predator. He's trying to control the company itself, and he's very patient. The fight for control with the management could be as long as 10 years, such as years of fighting with Perelman, another financial tycoon, around marvel."

After returning to highland park after a trip to Tokyo, o'gredi reminded Sonya that "3dfx should be a good hunting target for him, and the struggle may be long-term."

"But we blew him up this round, didn't we?" Song Ya asked with a smile.

The share price of 3dfx was pulled from more than $9 by o'gredi to about $36 at the close of NASDAQ, that is, the market value of 3dfx soared from 140 million yuan to 560 million yuan in one day.

"But it's divorced from the fundamentals, and the Northern Trust will not allow me to mess around again."

O'gredi replied: "the company has internal discipline and external pressure. Icahn capital has launched a media outcry this morning to ask the SEC (US Securities and Exchange Commission) to investigate the abnormal fluctuation of 3dfx stock price."

"Do you think Carl icanna doesn't have enough stock to close his position?" Song Ya asked.

"I don't know, he is an advanced player aplus, but at present, it's very difficult for the air side to get enough chips in the stock market. 3dfx has only been listed for more than a month, and most of your stocks are out of the lock up period. I caught them by surprise." O'gredi replied.

"How much will he lose?" Song Ya asked again.

O'gredi shook his head. "It depends on how much leverage is used, but certainly more than he makes from Goodman and them."

"Ha Hearing this, song Ya expressed his satisfaction.

There is no doubt that Northern Trust has made a lot of money this time. It is a pity that o'gredi does not dare to use his own money to pay for netscape companies such as Infoseek, but he will compensate from other aspects. This is part of the private transaction between the two parties before his trip to Tokyo.

"We still need good news."

"In order to save the share price, 3dfx president Ballard claimed that the expected profit of this year is $60 million, which is not reliable. Let alone Sega's big contract has not been won, even if it is won, it will be at least one year later," said o'gredi

"They lied from the beginning, and they always get the benefit, and now they are in the habit."

Song Ya looks out of the study window coldly. The motorcade of 3dfx board members has just entered the gate of Highland Park.

"I will not go down." O'gredi is no longer fit to be on the same occasion as 3dfx.

"Hey, aplus, well done!"

The stock price quadrupled in a day, and the directors' representatives of other shareholders were certainly in high spirits. The representatives of the fraud trio and kamaku put their dissatisfaction on their faces. President Ballard was worried.

"Look at this." The director representative of the second largest individual shareholder showed him a copy of the financial magazine.

"Extreme pressure maniac! Shijia, who has entered into the friendship with zhaoyilang, has made great strides forward! "

On the cover, Chiu Ichiro, who embraces his hands and looks firmly at the distance at a 45 degree angle, is the picture of song Ya and a line of white people bowing in front of the Sega logo wall, with the subtitle "American 3dfx company in trouble to apologize! An adverse lawsuit against Sega has been eliminated. ""We still need good news." Song Ya smiles, o'gredi doesn't show up, so it's up to him to repeat it.

"Do you think it's good for you to go to Tokyo and kowtow to the book? APLUS！”

Rose in the trio suddenly burst into a stab. "We will soon win the lawsuit against them, and they will pay us tens of millions of money! At that time, the share price will still rise, but now it is all gone! "

"I knew that as soon as the company went public, you guys could do everything for the share price. It was unbelievably shortsighted and shortsighted," said Scott, CTO of the trio! We don't need you to go to Tokyo to humiliate us aplus. We can still shock the world when voodoo 2 comes out at the end of the year

"That's what you said last year when you advised me to continue to invest in the voodoo rush project. What happened? The graphics card that often has compatibility problems leads us to lose the trust of big customers like Compaq! "

Song Ya disagreed with him. Unfortunately, due to physical reasons on his body, he was lack of Qi.

"In fact, we should focus on the performance of 3D chips. There are many 2D chip manufacturers, fierce competition, thin profits, and we have insufficient technical reserves." A representative of kamakh's board said.

"Of course, id software is willing to produce 3D chips from 3dfx to provide the best performance platform for your pure 3D shooting games, but that market is very small!"

The director representative of the second largest individual shareholder countered.

The board meeting soon became a fruitless quarrel, but song Ya felt that his control was strengthened. Most of the representatives were speaking for him. After all, he was the one who could lead everyone to make money.

He observed quietly and judged the situation. Trust was built step by step. After that, his proposal to transform 3dfx would be more radical. It can't be said that it would be approved by the board of directors. He should be patient and not in a hurry.

"Don't argue. It's the weekend. We have released the news of reconciliation and cooperation with Sega. What should we do when the market opens on Monday?" A director representative of an investment institution looked at Song Ya and said, "is there any good news that can be released?"

"You will never make up a lie." Rose in the trio is just and serious.

Song Ya glanced at him.

"How about meeting Compaq on Sunday? After the event, a message said that they will still use our chips in new PCs in the future? "

No one paid any attention to Ross. Another representative of the board of directors proposed, "I have a way to guarantee that Compaq will not be eager to deny it. Anyway, it is a plan. At the earliest, it will wait for their new product to be launched next year."

"Yes." Good thing, song Ya nods.

At the same time of meeting Compaq, he also needs the first public relations campaign with the American media. It is not a long face to go to the book and bow to others in public. The stock market reaction is honest and the media has a lot of negative comments.

At the gate of Highland Park, compaq's senior management appeared with the company of the director's representative. He said hello to song Ya who came out in person. He found that the other party's hand was only slightly raised, then apologized. He took the initiative to approach the wheelchair, held hands, and bowed his head to greet him.

‘APLUS！ Have you begged the forgiveness of Sega? " The reporter did not care, while taking photos, he asked in a strange voice.

"What do you want me to do? I've been in a coma for five months, and I've been robbed of the cash in my account. There's not enough to buy an aspirin

Song Ya is paralyzed and smiles bitterly at the camera.

This is not a bad sale. PGE law firm began to clean up the mess left by Goodman. The cash in the account of a + copyright and asset management company was swept clean. If song asheng had not kept the money in his private account and cna's insurance compensation, he could not afford the travel expenses to Tokyo with his team.

The reporters laughed, "is that your lawyer? I hear they've evaporated from the world! " Another asked.

Song Ya's wheelchair has been pushed into the door by bodyguards.

"I'm here on a personal basis."

Without outsiders, compaq's people pointed out to the director's representative, "unless 3dfx introduces more mature new graphics cards, we will not purchase any more."

"I understand, thank you."

Song Ya nodded and said, "I only need you not to deny this matter for the time being."

"That's OK. So Do you have any new graphics cards? " PC manufacturers refer to video cards that integrate 2D and 3D functions, such as voodoo rush. They may use voodoo genuine cards with only 3D functions in top models of fever models, but the purchase volume is negligible.

"There will be, I promise." Song Ya promised.

"Really? You're lying to me, aplus. "

COMPAQ people don't believe it. They cooperated with 3dfx before and after the launch of voodooorush. After the project failed, the relationship between them was very poor, but they still knew the follow-up development plan of 3dfx. The fraud Trio in charge of technology was very frustrated at the failure of the project, but their idea was that the failure of voodooorush proved the wrong business strategy. In the future, they simply concentrated on doing a good job in the old line of 3D acceleration chips."I'll do my best. After all, I'm the chairman, aren't I?" Song Ya laughs.

"Oh, by the way, if you don't mind, someone wants to talk to you."

I didn't expect that compaq's senior management didn't come here completely based on his personal friendship with the director's representative. He took out his mobile phone and said, "the other party asks for private communication."

"Er..."

Song Ya had to answer the call.

"I'm from Icahn capital is it convenient? APLUS。”

It turned out to be Carl Icahn's person. Song Ya looked at the lawn and chatted with the director of Compaq on behalf of his friends. "Please say so." Song Ya gestured to help Sloan with his mobile phone.

Sloan bowed his head and the two faced each other across the cell phone.

"If we trade, what are your terms?" The other side asked.

The stock and futures markets are more dangerous and the fog of war is missing information, listen to the meaning of the words, Carl Icahn seems to be really free to be trapped?

But it may also be a trap to detect the false and the real. Song Ya and Sloan look at each other. "PGE law firm needs you to provide two financing situations of Americana music website. They found that the special fund you participated in financing contained money from Goodman, Hamlin and delay. The money was actually mine, and they stole it from me."

If the other party doesn't look for himself, he will go to them on this matter. After 3dfx's breach is opened, it would be great if he could really hold Carl Icahn. He helped Goodman and Hamlin transfer funds, and helped delay operate the Americana music website to be listed separately. He is a key figure.

Americana music website doesn't make money and loses a lot. Now most Internet companies play like this. It's nothing. It's not a problem to be listed.

However, his long-term coma has given delay an opportunity. The preliminary investigation results of PGE lawyers and Alicia show that delay has used the reason of applying for bankruptcy protection to introduce external funds. The new law firms, accounting firms, Goodman and Hamlin replaced by delay are all cooperating with the spin off plan named "saving the company", and the debt is transferred to a + audio, the parent company which owns 85% of its shares During the two financing periods, kalikan and other institutions had the opportunity to enter the market at a low price, while making it convenient for Goodman and others to embezzle their own shares.

This is a classic conspiracy of hungry wolves inside and outside taking advantage of the incapacity of major shareholders, a feast for senior managers and capital.

"You're mistaken, aplus."

"My trading is how you will compensate us if we don't pursue the crime of insider trading between you and certain institutions," he said with a smile

"PGE will soon file a lawsuit to stop the listing process of Americana music website. Your time is running out." Song ya did not pay attention to this stubble, according to the current Internet bull market, when Americana music website was listed, Dilai, Goodman and other people's wealth soared to the sky, and he would not give in on this matter.

"What good is that to you? After all, you still own 85% of the shares of a + audio, the parent company of Americana music website, while a + Audio owns 32% of the shares of Americana music website. After all, you still have about 27% of the shares, and you are still the largest shareholder. "

It's ok if the other party doesn't say that. From 85% to 27% after the IPO, it will surely fall to less than 20%. Song Ya was angry and said, "so are you thieves demonstrating to me?"

"You need to calm down, aplus, and accept the reality." A triumphant reply.

"The reality is that you beat around the Bush and ask for help just to talk to me." Song Ya retorted.

"Ha ha Then we don't have to talk about it any more? "

"At least you don't deserve it."

Song Ya's eyes cold down, let Sloan hang up the phone.

"So, do it?" Sloan asked.

"Do it."

Over the weekend, 3dfx confirmed its settlement with SEGA and announced that the partnership with Compaq could continue next year.

On Monday, 3dfx's share price continued to rise slightly and fluctuated at a high of $40. Investors with stocks still in their hands seemed to be watching, but ogradi issued two warnings in a row.

Song Ya forced the 3dfx board of directors to hold a meeting in Highland Park.

"Then go ahead, let's vote, raise hands against it?"

This time there was a lot of noise. After the NASDAQ closed in the afternoon, song Ya's voice had just dropped. The group of three cheaters immediately raised their hands high. The board representatives of kamakh soon followed. President Ballard hesitated for a few seconds and then raised his hands.

Finally, a representative of EA company raised his hand after a phone call.

Song Ya won the support of other directors and won by a narrow margin.

With a straight face, he told Sloan to push himself to the rehabilitation room, where sherifen had a treadmill and was running in her high fork gym clothes.

"Hooray! I'm so tired that I have to get back in shape

She came to help the nurse put song Ya on the standing bed with sweat. "What's the matter with you? You look ugly, aren't you happy? " She asked."Nothing, just a little nervous."

At the same time, 3dfx suddenly announced the suspension of trading of shares tomorrow, and predicted that significant information was about to be disclosed.

The market is in uproar, financial media think it may be related to the abnormal fluctuation of stock price before.

"The boy is too young to be determined enough." Kalikan was in the office the next day, laughing and commenting.

The man who called immediately flattered, "I was scared by us, that's it, ha ha!"

But unfortunately, they were immediately disappointed.

"3dfx announced again that they are negotiating with videologic, another American display chip manufacturer. If the merger of the two companies is successful, 3dfx will obtain videologic's technology reserve in the field of 2D display chips, and videologic will stop the follow-up development of their failed 3D chip powervr series and turn to full use of 3dfx's Voodoo Technology..."

"3dfx claims that this cooperation will also facilitate the two companies to work together to develop display chips for Sega's next-generation game console. At the same time, the new generation of vodoorush2 graphics cards with more powerful and stable performance will continue to strive to enter the PC supply chain. "

"Haha Finally, I see the income. "

Song Ya finally grinned happily after seeing off 3dfx and videologic. In addition to the big profits, o'gredi also used his money to short videologic and take advantage of the opportunity to raise money, almost in step with doing long 3dfx. On Monday, song Ya's videologic stock was enough for them to hold an interim board meeting.

Obviously, according to Sega's Secret horse racing plan, only one display chip company will win in the end. Since Akihiro has chosen to reconcile with 3dfx, it is not good news for videologic, which is already in prospect of victory.

Now 3dfx has a high market value and videologic is cheap

Be a barbarian at the door, who can't?

Although I was a little nervous for the first time, I can learn while doing it in the future.

After reading the news, kalikan was so angry that he smashed his signature pen out.

"What to do? The empty list in our hands..." His men were terrified.

www.novelhall.com , the fastest update of the webnovel!