Chapter 690： Never give up

When I heard Eric's question, Owen Jacob didn't know what to answer for a while.

Although Qualcomm has not hesitated to externally license cdma technology, so far, there has not been a large-scale cdma equipment manufacturer worldwide. In the case of g** equipment manufacturers blooming all over the world, even Nokia, which has a strong production technology accumulation, has almost been swelled by the market demand for rapid inflation, not to mention the fact that the production capacity is almost inferior. Qualcomm.

In fact, Qualcomm has its own communication equipment and mobile phone factory, but most of the equipment produced by the factory is only used to meet the testing needs of cdma technology. Nokia also has its own supply chain to 'crash', but the Qualcomm factory even There is no complete component supply chain, and often only a small amount of component procurement is required according to the demand. This situation cannot support the production of large-scale cdma equipment. It is conceivable that if the situation continues, even if those large telecom operators deliberately choose cdma as their mobile communication technology standard, they will definitely turn to g* again if they do not have enough cdma communication equipment to build a mobile communication network. *Technical camp.

Seeing that Irving Jacob did not speak, Alan Salmasi, sitting beside him, eagerly explained: "Eric, the difficulty in manufacturing communication equipment is mainly the design and development of core chips. Already have a very mature product, as long as cdma technology can be promoted, Qualcomm can not only quickly build a factory for equipment production in a short time, but also commission communication equipment manufacturers to carry out product OEM."

Eric smiled and nodded, and did not raise an objection. The main reason he said the words just before was that he wanted to lead Aaron Salmasi's rhetoric at this time.

Technology research and development is not a fake, but in fact, it is the construction and operation of equipment manufacturing plants. The $420 million that Nokia received from the fireflies and the profits in the last two years have basically been invested in its factories. Expansion. After more than ten years of Qualcomm's main business, there is no communication equipment and mobile phone production, but mainly concentrated in patent licensing and chip research and development. These Eric are aware of this, but at this time, they will lead Qualcomm to take this road. It does not meet the interests of fireflies, because if Qualcomm does not involve product manufacturing. There is no need for large-scale equity and debt financing, and it is difficult for fireflies to acquire a large number of Qualcomm shares by virtue of capital advantages.

Through communication at the table, both parties have roughly determined their intentions.

After lunch, Eric, Chris, and Kelly came to the study with Owen Jacob and Alan Salmasi. Both sides are also officially open and honest.

Eric handed an equity document to Owen Jacobs and Alan Salmasi, saying: "I have noticed Qualcomm since last year and are very optimistic about cdma technology. This time the fireflies have We have absorbed 2.1 million shares of Qualcomm in the near future, and we will report to the board of directors of Qualcomm and Qualcomm in the near future. Here, in order to express the sincerity of the fireflies, we will inform the two of them first."

Owen Jacobs and Alan Salmaisi only looked at the symbolicly open documents, and then looked at each other and saw the disappointment from the other side.

Qualcomm has long been aware of the unusual fluctuations in the company's stock price in the recent period. It is realized that some people are buying Qualcomm stocks in large quantities. The board and management originally thought that someone had got the inside information of cdma technology to be determined by the major telecom operators as the technical standard. ', so I will take the opportunity to enter the market and want to make a big profit after the relevant facts are made public. Qualcomm only issued 30% of the outstanding shares, so the board of directors is not worried about losing control of the company. Instead, it is quite inspiring because of this speculation, and has done some related preparations for this.

I did not expect that the mystery was suddenly revealed. The facts have nothing to do with the original speculation. cdma has not been 'inscribed' by any telecom operator, and the disappointment of the two can be imagined.

However, after a short disappointment, Owen Jacobs and Alan Salmaci rethink Eric's identity and feel better. At least, it’s not the stock speculators who secretly buy Qualcomm stocks, but Eric, a billionaire who is really interested in Qualcomm, as long as he can spare no effort to use his capital and influence to help promote cdma technology, Qualcomm. There is a great possibility of getting rid of the current predicament.

of course. Although he has been focusing on technology research and development, Irving Jacobs will never naively believe that the 2.1 million shares held by Fireflies will satisfy the appetite of fireflies, which only accounts for 10.5% of Qualcomm's total share capital, he said. "Eric. Since the fireflies have done so much preparation, I think you definitely have a detailed plan?"

Eric nodded and said: "So far, no large telecom operator has adopted cdma technology as the technical standard for its mobile communication network. This is the main dilemma facing Qualcomm. Fireflies can use their hands as much as possible. The network of contacts, media channels and capital advantages help Qualcomm to promote cdma technology. However, at the same time, Qualcomm also needs to solve the problem of not being able to mass produce cdma equipment at once. I don’t want to see fireflies take great effort. Let the operator accept the cdma technology, but because the cdma equipment can not be supplied in time, it will be transferred to the g** camp again. Therefore, I suggest that Qualcomm should start building communication equipment and mobile phone factories from now on."

Compared to Irving Jacob, who is dedicated to technology research and development, Alan Salmasi puts more energy into the actual management of Qualcomm. I heard the first half of Eric’s words, just a little excited, because Ai Rick’s second half of the story was troubled. The socket said: “Eric, we have not considered this aspect, and have done detailed research. According to the original research results, we only built an annual output of 1 million cdma mobile phones. The total investment of the factory is 80 million US dollars. We simply can't, the amount..."

Having said that, Alan Salmasi noticed that Eric smiled and looked at himself, suddenly realized what he had, stopped the words, and smiled awkwardly.

Eric didn't mind that Alan Salmasi interrupted himself. He smiled and continued: "I know that Qualcomm is definitely not able to build funds for the equipment factory, but this money can be brought out by fireflies. To say, Fireflies help Qualcomm promote cdma technology, and hope to get enough returns. Therefore, I hope to increase the share of fireflies in Qualcomm through capital injection."

Owen Jacobs has just realized this and asked: "Eric. How much does Firefly intend to inject into Qualcomm?"

Eric said with ease: "According to Allen, a mobile phone factory needs to invest 80 million US dollars. Qualcomm definitely needs to build a cdma base station equipment factory at the same time. This investment is also counted as 80 million, or 160 million. Just the investment in the two factories is definitely not enough. Qualcomm also needs to establish a component procurement and product marketing system. Then, this expenditure is calculated as 200 million US dollars. According to the current stock price, Qualcomm probably needs to issue additional fireflies. 10 million shares."

Irving Jacobs calculated that 10 million shares will be issued, Qualcomm's total share capital will expand to 30 million shares, and the 2.1 million shares held by Firefly will increase the shareholding of Qualcomm to 40%. . Although it has not achieved a holding, the firefly will also become the largest shareholder of Qualcomm.

In order to create Qualcomm, Owen Jacobs almost invested in all of his net worth, but after many years of financing and 1992 ipo, Owen Jacobs’s Qualcomm stock has less than 1%, as long as Qualcomm can continue To survive, Owen Jacobs did not care much about the company's shareholding changes. He also knew that the fireflies could not get enough equity, and certainly would not do his best to help Qualcomm promote cdma technology and consider it for a while. Nodded: "Eric, I am not against your proposal, but it involves the stock issuance, this matter will be decided by the Qualcomm board."

At-t announced that joining the g** camp has caused Qualcomm to lose more than half of its potential North American market. If the next ve zon and sp nt and other companies also choose g**, Qualcomm only bankruptcy and liquidation can go, fireflies at this time to Qualcomm bet a huge investment of 200 million US dollars, once failed, 200 million The dollar is equal to the water. Eric believes that Qualcomm's board should understand that fireflies do this. This is equivalent to indicating that the entire firefly system will spare no effort to promote Qualcomm's cdma technology. Although the final capital injection plan will be adjusted, the possibility of Qualcomm's board of directors rejecting fireflies is very low.

Looking at the watch, Eric said: "So, Owen, the next specific matter will be handled by Chris and Kelly. I hope to hear the good news from Qualcomm as soon as possible."

When Irving Jacob just wanted to say something, he felt that the shoes were gently kicked by Alan Salmasi, and immediately remembered the plan discussed by the two yesterday, saying: "Eric, I and Alan. There is another plan here, I hope you can take a look."

Eric nodded and took the documents that Owen Jacobs had pulled out of his briefcase. He read them carefully and passed them on to Chris and Kelly.

Owen Jacobs and Alan Salmasi were a little embarrassed about the three people in the opposite direction, and worried that Eric would directly refuse the plan.

After waiting for a while, Chris and Kelly read the information, and then just looked at Eric, and did not make any suggestions. Involved in the huge plan of 4 billion US dollars, after all, I need Eric to personally take the idea.

Eric thought for a while and said: "I think this program is somewhat idealistic."

Owen Jacobs and Alan Salmasi heard Eric’s words, and the heart was loose. At least, Eric did not refuse the plan on the spot.

Eric didn't know what the two were thinking and continued: "You must know about the c-segment license. The reason for the lawsuit is very absurd, but it can still delay the auction of the c-segment license for a long time. From this point, It can be seen that the old telecom operators will not allow those small and medium-sized telecom companies to develop. Even if we buy all the c-segment licenses, the final leasing users should still be at-t and several telecom giants, and perhaps in the c-segment license auction. Previously, these mainstream telecom operators have already established technical standards, so this program has little significance for the promotion of cdma."

Owen Jacobs and Alan Salmasi realized that Eric did not say anything, waiting patiently for the following.

Eric also did not sell off the customs, said: "However, this program can be our last move. If the next major telecom operators have not chosen cdma technology, Firefly can start this program and win all the c-segment licenses. Then I bought a telecom operator and built a cdma communication network." Here, Eric looked up at the two and smiled. "Of course, the premise of all this. Or our cooperation can be successfully achieved, otherwise the fireflies are Will not waste money on cdma technology."

Aaron Salmasi suppressed his mood and asked: "Eric, you mean, as long as Qualcomm accepts the injection of fireflies. Do you agree to implement this plan?"

Eric shook his head and smiled. "I just said that this will be the best trick for fireflies. If you become a major shareholder of Qualcomm, Firefly will first choose to promote cdma technology to veteran telecom operators such as ve zon. Firefly will only launch this program if these mainstream operators do not accept cdma."

When I heard Eric’s words, Owen Jacob’s heart was far more excited than Alan Salmaci’s, and cdma was the brainchild of his ten years. In any case, Owen Jacobs hopes that cdma can Continue. Instead of being silently squeezed into technology by g** and other technologies: "Eric, can I understand this, as long as the firefly becomes a major shareholder of Qualcomm, you will never give up cdma technology?"

Eric nodded without hesitation, even though g** really dominated the world, but technology still has an upgrade day, the previous 3g communication technology such as wcdma, td-cdma, etc., after all, it is impossible to bypass the standard of cdma. Therefore, even if cdma is temporarily defeated in this industrial upgrade, it is profitable to win Qualcomm with a large number of cdma patents.

Owen Jacobs still has some peace of mind. Road: "Eric, I mean, can Qualcomm get a written endorsement of the firefly about this promise?"

"Yes," Eric nodded again.

"So." Owen Jacob stood up and reached out to Eric, who also got up, and said, "I will give you good news as soon as possible."

......

It was already late in the evening to send away Owen Jacobs.

Several Erics returned to the glass curtain wall of the villa and looked at the magnificent sunset seascape outside the curtain wall. Chris asked: "Eric. Are you really going to buy all the c-segment licenses for $4 billion? ”

Eric took over the freshly filled coffee from Kelly and smiled and said: "I said it, this is a last resort plan. Instead of buying a c-segment license, I would like to use this $4 billion stake. Ve zon or sp nt any one."

I heard that Eric also mentioned the topic they were talking about before the arrival of Owen Jacobs in the morning, Chris said: "I am afraid that this is not easy, compared to high-cost equity financing, old-fashioned telecommunications operations. Businesses are more inclined to debt financing. However, the two companies now have huge demand for funds, so your idea is not impossible. If you are sure you want to do this, I will start this work as soon as possible."

Eric decisively nodded: "Just talk to them about the $4 billion injection. If I can get the shares of the two companies, I don't mind eating some losses on the price."

Chris smiled and said: "The 4 billion is too difficult. They are willing to accept the $2 billion injection of fireflies."

4 billion US dollars is equivalent to 40% of the company's nt company, even if it is twice the size of the sp nt zon, zon, 4 billion US dollars can also get 20% of zh zon equity, Eric also knows which The difficulty, said: "Do your best."

Chatting, Drew and Emily walked in with a big bag, and they were carrying a bunch of things in the hands of the twins behind them. It is obvious that the two women should go shopping for the afternoon.

Going around, Emily looked at her boyfriend’s surprised look and put down the convenience bag in her hand and explained: “These are all Drew’s things, but I only bought a few pieces, all in the car. Inside."

Xiao Nizi immediately dismantled the stage with a smile, saying: "Yes, yes, just a few pieces, maybe a little big, stuffing the rear compartment and the back seat of the car."

A few words of each other, Chris with Emily intends to get up and leave.

Eric did not retain and sent them out of the villa. When the two arrived on the bus, they asked, "When are you going to return to New York?"

Chris didn't answer, just looking at Emily.

Emily explained: "Vimi has been shooting commercials in Los Angeles recently. In addition, Cindy will also participate in the Golden Globe Awards Ceremony. We will probably wait for the Golden Globe to leave."

Eric said: "How can the Golden Globes only invite Cindy Crawford alone?"

"The Golden Globes originally wanted them to award the best soundtrack awards to the five people, but we also received an invitation from the Oscar Committee, hoping that they will come together on stage. Between the Golden Globe and the Oscar, we will of course choose Then the Golden Globe is the next best thing, only Cindy is invited."

Emily said, got on the bus, then leaned over and said: "Right, Eric, if you have time in these two days, help me see the effect of Wei Mi's commercials. We are here. Firefly Studios is late."

"No problem, I will probably be there over the next few days, you can always contact me."

After sending away Chris, Kelly also took the initiative to leave and returned to the villa. Xiao Nizi got into the room to test the results of today's shopping. Eric sat on the sofa next to the curtain wall and combed her mind carefully. Everything today.

The sun sank completely into the sea, and the light gradually dimmed.

I don't know how long it took, I felt a tall, slender figure coming quietly, and Eric looked up and looked at Natasha's beautiful white face, indicating that she would turn the nearby lights on.

Natasha quietly walked to the wall to turn on the light and whispered: "Master, dinner is good."

Eric nodded and just got up, remembered one thing and asked, "What about the package that Chris brought to me in the morning?"

Natasha said: "Into the bookcase in the living room."

"After dinner, I will be sent to the study."

"Yeah." (To be continued.)