Chapter 351 Daum Company
Zhang Junfeng's expression gradually improved after hearing what Wu Mingxi said. He originally thought that the M&A process of a listed company would be much more complicated, but he didn't expect that there would be such a "shortcut" to take. This is probably one of the few good news he has heard so far.
Since the most troublesome problem had been solved, Zhang Junfeng did not hesitate and quickly issued an order for Mingren Law Firm to be fully responsible for negotiations and acquisitions with listed Internet technology companies.
Their target this time is one of the earliest Internet portals in Korea, Daum. Founded in February 1995, Daum is a company with email and community products as its core, and is also the predecessor of Hanmail, Korea's first email service website.
Compared to Amazon, Yahoo, and Daum in the United States, whose development direction and focus are more specific, the development direction is more like a hodgepodge. They started as a simple search engine and gradually developed to cover news, entertainment, shopping, social networking and other fields.
Such Internet technology companies have a lot in common with the instant messaging software KaKao Talk. The combination of the two may even create some wonderful "chemical reactions"! ……
In order to ensure that the news of this operation would not be leaked and cause unnecessary trouble, Zhang Junfeng specifically instructed the people present to act in secret and complete all matters related to the acquisition as quickly as possible.
Wu Mingxi and others nodded solemnly after hearing this. Although it was not the first time for them to participate in the acquisition of a company, it was also a huge challenge for them to acquire a listed company in such a short time.
After all, apart from conventional share acquisitions, the biggest difficulty lies in persuading the company's major shareholders to agree to the company's additional issuance of shares for financing, in order to achieve the purpose of a disguised acquisition in this way.
Fortunately, even though Daum has caught up with the Internet boom, its current market value has barely reached 180 million US dollars (about 270 billion Korean won). Without the hype of financial institutions, its stock price is only a drop in the bucket of the Internet technology giants in the United States! …
After seeing that the important matters had been explained and Wu Mingxi and the others had left, Zhang Junfeng thought for a moment and called Wu Xiuying over, "Get ready in the next two days. We are going to America. There are some important matters that need to be dealt with there!"
"Okay, boss! I'll ask someone to confirm the flight and book the tickets first. As for the hotel in America, do you have any requirements?" Wu Xiuying, who had accompanied Zhang Junfeng on business trips many times, subconsciously asked Zhang Junfeng for his opinion.
"It's all right, just do it the same as before. Besides meeting Nacho Morgan, I'm also going to see another business deal to see if we can make it through."
Hearing Zhang Junfeng say this, Wu Xiuying winked at him playfully and asked in a slightly teasing tone, "Boss, are you sure you're not going to see the 'English Rose' Catherine Zeta-Jones?"
Zhang Junfeng, who was drinking water, was caught off guard by the other party's sudden teasing. He retorted with a guilty conscience, "Ahem..., what are you talking about? Ms. Catherine and I are just good friends..."
"Yes, yes, you are just 'ordinary friends'~!" Wu Xiuying said perfunctorily with a bright smile. She would never believe what Zhang Junfeng said~!
Seeing that Wu Xiuying was showing signs of provocation again, Zhang Junfeng was just about to catch this woman and give her a good "education", but Wu Xiuying, who was quick to react, realized something was wrong and immediately slipped away, leaving Zhang Junfeng very depressed in the office.
As for Catherine Zeta-Jones mentioned by Wu Xiuying, Zhang Junfeng did miss her a little, but this was not the main purpose of this time.
During this trip to the United States, Zhang Junfeng wanted to take advantage of the influence of JPMorgan Chase to buy Qualcomm shares, which had begun to rise gradually. With the surge in Qualcomm's stock price, he could earn another wave of high profits to use for the subsequent acquisition of Avex Music and some shares of E-TV.
As the "dark horse" whose stock price broke the record in 1999, Qualcomm's stock price has risen at a rocket-like speed in the second half of this year, creating a stock market myth of a 26-fold increase in just one year!
In the first half of 1999, Qualcomm's stock price, which had not performed well, barely climbed from $5-6 per share last year to $7-8 per share.
However, in the second half of 1999, with the arrival of the 3G era of mobile phones, mobile phones that were previously only able to make calls and send text messages gained the new function of surfing the Internet, which allowed Qualcomm to reap all the benefits of this era.
The International Telecommunication Union has set CDMA2000 1X and WCDMA, as well as TD-SCDMA led by China, as new 3G network standards. All three standards are closely related to Qualcomm's CDMA.
Qualcomm owns many core patents for CDMA technology, which puts it at the upstream of the industry chain. Any company that wants to apply CDMA technology must pay it.
In this way, Qualcomm made a fortune by relying on a simple business model - selling CDMA patent licenses and mobile phone baseband chips.
At this time, mobile phone manufacturers need to pay Qualcomm chips and patent fees; equipment manufacturers need to pay Qualcomm patent fees for Qualcomm base station chips; operators, on the one hand, need to purchase customized phones from mobile phone manufacturers, and on the other hand, need to purchase equipment produced by equipment manufacturers, and need to indirectly pay two patent licensing fees.
Qualcomm's "rogue operation" of collecting huge amounts of patent fees from both ends led to its strong rise in the second half of 1999, with its stock price soaring from US$7-8 per share in the first half of the year to US$176 per share!
Zhang Junfeng wanted to take advantage of the clever time difference and, with JPMorgan Chase taking the lead, invest funds to buy a certain number of Qualcomm shares.
Even though their current acquisition price has increased slightly compared to before, it can still bring them nearly 20 times the profit. This situation is not much worse than directly printing money by turning on a printing press!
There is no mistake in the poem, post, content, and read the book on 6, 9, and bar!
It’s a pity that Qualcomm’s current total market value is less than 3 billion US dollars, which means that even if they want to take advantage of the opportunity, it is unlikely that they will be able to acquire a large number of shares in a short period of time.
After all, the regulatory authorities in the United States have very strict supervision over high-tech companies. If some financial institutions buy shares in companies like Qualcomm that have advanced technology research and development and set industry standards, they may intervene to stop their actions.
Moreover, those old foxes on Wall Street are all very cunning. If they find out something, they will definitely rush in. By then, it is hard to say whether Comet Capital can still make a fortune from Qualcomm's stock!
(End of this chapter)