night.
A gentle sea breeze is blowing.
The staff at the Terrace Hotel lit a bonfire on the beach along the coastline.
Chen Dong's employees sat around the campfire, drinking and chatting, creating a lively scene.
Meanwhile, Chen Dong and Annie, a couple, were enjoying some alone time together.
The next morning.
Chen Dong opened his sleepy eyes.
Beside her, Annie was fast asleep.
At this moment, a sweet expression still lingered on her pretty face.
Chen Dong smiled.
Who could have imagined that the two would eventually develop a relationship that went beyond friendship? Life is truly unpredictable.
Things have come to this.
Chen Dong had nothing to regret.
Just like the knot in his heart that he untied before, this is probably the dream of most men!
-------------------------------------
San Diego, Qualcomm headquarters.
In the CEO's office.
Franklin Antonio, Adria Kaufman, Andrew Cohen, and Klein Gilhausen, the four co-founders, sat together.
Antonio said angrily, "Damn it, Owen Jebbs, Andrew Viterbi, and Harvey White, those three shameless traitors betrayed us."
"It wasn't until today, when I received the legal documents, that I learned that these three damned guys had secretly transferred all the shares they held to others behind our backs."
The group looked down at the table.
There was a fax on the table, sent by the law firm.
The document not only contains the legal documents of the equity transfer agreement, but also emphasizes that they should convene a new shareholders' meeting in three days.
Everyone knows what convening a new shareholders' meeting means.
This may represent the end of an era, or the beginning of a new one.
That's why the current president, Antonio, appeared so furious.
This is clearly a case of them using their hands to perform surgery.
Kaufman pondered for a moment and said, “Antonio, don’t rush. Perhaps they just want to become shareholders of our company, and maybe it’s not what you think.”
"Damn it!"
“Mr. Kaufman, I thank you for your comfort, but unless Mars collides with Earth, your idea simply won’t hold true.”
"You know, they acquired 36% of the shares. Do you know what that means?"
“They are already the largest shareholder in name, and if they join forces with other shareholders, they can completely overturn any of our resolutions.”
This is the real problem that Antonio is worried about.
White interjected, "But the four of us combined don't even own half the shares."
This is a very real problem.
After several rounds of financing before the IPO and distribution after the IPO, the shares remaining in the founding team of a listed company have been diluted to the point where they barely hold a controlling stake.
The remaining shares will be held by investment institutions and angel investment funds.
This is completely opposite to the situation in the mainland market.
American stock market investors typically entrust their funds to professional companies for management.
Retail investors account for less than 2% of total investment.
This percentage is negligible for a huge market and cannot have any impact on market conditions.
on the contrary.
In the A-share market, retail investors account for a much larger proportion than institutional investors.
Therefore, we often see junk stocks being driven to exorbitant prices.
This is something unimaginable in other countries.
"So what should we do now? We don't know what this company's intentions are yet. If we rush into negotiations, I'm afraid..."
For any company, control is always the top priority.
If control is lost, Steve Jobs' fate will be repeated.
Antonio said urgently, "No, I want to see him right now. Yes, I don't want to wait even a minute longer."
"So, what's your best idea?"
This problem seems simple, but it is actually a violation of regulations.
"I want to contact them through their lawyer first."
“Oh my god, I think you’ve really gone mad, Antonio. I have to seriously remind you that doing this could very well result in a court summons.”
How will you know it's not feasible if you don't try?
Antonio said with a determined look, "Guys, we have no way out. The CDMA project is about the fate of our entire company."
"If the other party refuses, I would rather leave the company and completely destroy this plan."
silence.
Everyone was shocked by Antonio's madness.
But upon closer reflection, weren't Antonio's words exactly what they were worried about?
As a member of the founding team.
Of the group, only Antonio had a business sense; the rest were all so-called researchers who were actually not good at running and managing a company.
Upon hearing Antonio's words, they were at a loss for what to do.
After a moment, Cohen finally spoke up and asked, "Buddy, now that you've made up your mind, I'll stand behind you and support you. If the worst happens, I'll share the burden with you."
"And me too."
Me too.
The three quickly reached a consensus and decided to support Antonio together.
This is exactly what Antonio wanted to see.
"Thank you, thank you everyone."
Antonio looked excited and patted his chest to assure everyone: "I will try to communicate with the opposing lawyer first. I assure you all that I will not do anything stupid."
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