Chapter 429: Google takes the opportunity to overtake



Both Chung Mong-koo and Lee Myung-bak agreed with Zhang Junfeng's proposal. The three of them finally decided to carry out the plan proposed by Zhang Junfeng and take the throne of the mayor of Seoul. As for the presidential throne, let those guys fight it out!

As the snowflakes fell in winter, Goryeo also welcomed the first snow in 2002. On the first day of the new year, Zhang Junfeng had just arrived at Comet Capital Building to make coffee when his cell phone rang suddenly.

"President Zhang Junfeng, Happy New Year~!"

Hearing the soft voice coming from the phone, Zhang Junfeng quickly recognized that it was the versatile singer Ayumi Hamasaki who was far away in Japan!

"Happy New Year~! Our beautiful singer has released a new album recently?" Zhang Junfeng joked with a smile.

"That's right! According to the company's arrangement, today will be the release date of my fourth original album "I am" (Chinese translation: "Only I am asking."). Should President Zhang Junfeng say something?"

Ayumi Hamasaki said proudly that since the two albums released last year sold well, her status in the Japanese music scene has risen a lot.

Coupled with her "close" relationship with Zhang Junfeng, the company's major shareholder, her treatment and resources are much higher than those of her colleagues.

Even people like Namie Amuro, who were once on par with her, are now far behind her.

"Oh? Our beautiful singer releases an album so quickly? Then I wish your album will sell well and that you will become a top singer in Asia!" Zhang Junfeng was a little surprised, but still sent his blessings as the other party wished.

"Yes, but I can't come to Goryeo to visit President Zhang Junfeng in the near future. According to President Matsuura, there is a film company that wants to invite me to act. If I agree, I have to go to the crew to participate in the filming..."

"Isn't that a great thing? If the movie does well at the box office, you can become a crossover singer!"

After hearing what Zhang Junfeng said, Ayumi Hamasaki was in a good mood and had a smile on her face the whole time. This also made the assistant who was responsible for taking care of her a little confused. What on earth could make her happy for so long?

After hanging up the phone, Zhang Junfeng smiled and shook his head. Ayumi Hamasaki was using the excuse of wishing him a happy new year to show off her "achievements"! However, when it came to movies, Zhang Junfeng subconsciously thought of many things.

If we calculate the time, many of the movies that became big hits in the future were just ordinary scripts during this period, such as "Avatar", "Fast and Furious", Marvel's hero series movies and "Avengers"...

If we can get these highly promising movie scripts in our pockets early on, and then shoot them together with those film companies through investment cooperation and get a certain share of the box office revenue, it will definitely be a good investment project.

If conditions permit, he might also try to take over Marvel Studios, which is still suffering from losses.

As long as he follows the steps of his previous life and brings the "Iron Man" that changed the fate of Marvel Studios to the big screen, it will definitely bring Marvel Studios back to life and become a shining "cash cow"! ...

Of course, in addition to movies, the most worthy investments are those Internet technology companies that have experienced a two-year downward cycle, such as Qualcomm, Amazon and Nvidia.

After a long period of decline, the once seriously inflated market value and stock prices of these companies have shrunk sharply. Buying in at this time is undoubtedly an excellent "bottom-picking opportunity."

Just like what some financial experts in later generations often say, "If the A-share market is below 3,000 points, there are golden investment opportunities everywhere. You can make money by adding positions with your eyes closed!", how similar are the theories?

The only difference between the two is that the A-share market has been hovering around 3,000 points for ten years, while the Nasdaq index has risen from a few thousand points to nearly 20,000 points in ten years, achieving true "value investment"! ...

Of course, the potential and value of Apple and Google, which Zhang Junfeng had previously invested in but never cashed out, are definitely not inferior to the above-mentioned Internet technology companies, which is why he has always held on to them.

However, with so many holdings in Internet technology companies, it would be difficult for Comet Capital to manage them with just its branch staff in the United States.

Comet Capital simply invested in setting up a business management company that specializes in managing the shareholdings of these companies and participating in the business decisions of those companies, allowing professionals to do professional things.

In this way, the staff of Comet Capital in the United States can concentrate on investment. In the next period of time, they need to help him find more "potential stocks" and companies worth investing in the United States~!

After sorting out his thoughts, Zhang Junfeng quickly contacted Mugur Hosking, who was far away in the United States, and asked him to arrange people to purchase stocks of Internet technology companies and purchase excellent film scripts at low prices.

In order to ensure that these "little moves" would not attract the attention of certain interested parties, Zhang Junfeng also did not forget to specifically remind the other party that the complete plan could not be revealed to anyone. As for those subordinates, they only needed to tell him one or two purposes.

Although Mugur Hosking was doubtful about Zhang Junfeng's somewhat "wrong" instructions, he still agreed out of his professionalism as an agent and called his subordinates together to assign work the next day as Zhang Junfeng requested.

——————Dividing line——————

Mountain View, Silicon Valley, California, USA.

Thanks to the financial support from Comet Capital, Larry Page and Sergey Brin narrowly escaped the "difficulty" of a $22.5 million fine issued by the San Francisco District Court to Google for secretly tracking users' Internet habits using its engine, and avoided jail time.

In addition, because Google was still a startup and not listed, it perfectly avoided the "nightmare moment" of the bursting of the Internet economic bubble that lasted for two years! The tragic situation of those Internet technology companies that were once high and mighty with market capitalizations of tens of billions or hundreds of billions of dollars also taught Page and Brin a hard lesson.

An Internet technology company should not only have advanced technology and products, but also have the revenue capacity to match them. Only in this way can a virtuous cycle be formed and the Internet company can be made bigger and stronger.

So in 2001, after discussion, Page and Brin unanimously decided to recruit help from outside, and finally hired Eric Schmidt to run Google.

At that time, Google had only been established for a few years, but it was growing rapidly and needed guidance. Schmidt had extensive management experience. Before joining Google, he had served as the chief technology officer of Sun Microsystems and the CEO of Nortel Networks.

With professionals to manage the company's operations, Page and Brin devoted more energy to the optimization of search engines and other products.

One of the most important innovations in Google's early days was the PageRank algorithm, which analyzes the links between web pages to determine their importance and provide more relevant search results.

After continuous optimization by technicians, this technology has made new breakthroughs, far surpassing other peers in terms of performance. This also made Google quickly stand out in the search engine market, "taking away" a large number of users and market share from other peers.

As the search engine market share grew, Eric Schmidt suggested that it was time to expand into new businesses. The search engine business alone would make it difficult for Google to achieve higher growth and profitability in a short period of time.

Just as the company's top executives were discussing the direction of horizontal development, Larry Page suggested that he could imitate the approach of his "predecessor", Yahoo, and move into browser, news, sports, email and other services. These software were not difficult to develop, and they could produce finished products in a very short time.

Moreover, at this stage, all the listed Internet technology companies, including Yahoo, are seriously injured! If we don’t take advantage of this “God-given opportunity” to grab the market share of the other party’s products and expand our own business scale, it would be a waste!

Others nodded in agreement with this "good idea".

Although there are indeed many commendable aspects of old Internet technology companies like Yahoo, as peers or even competitors, the decline of the other party also provides them with valuable opportunities. Even if they choose not to compete, there will be other companies to do so. Rather than letting other peers get the advantage, it is better to let Google take over the resources and revive the former glory of the Internet industry! ...

Yahoo, which was hit hard by the Internet crisis, is in a very difficult situation at the moment.

There is no mistake in the poem, post, content, and read the book on 6, 9, and bar!

In early March 2000, Yahoo's market value reached 128 billion US dollars, creating many myths. It should be noted that it was less than 6 years since Yahoo was founded. Even Microsoft, known as the Nasdaq technology giant, did not have such a "sky-high" market value growth rate.

But the glorious moment was short-lived, and afterwards it was a continuous downhill road.

Today, Yahoo's market value has fallen by 70% from its peak, and its capital chain has also encountered serious problems. Many businesses are either in a semi-suspended state or unable to maintain due to funding reasons, and can only lay off staff and cut business to save costs.

There are many Internet technology companies like Yahoo. Due to the sharp drop in market value, these Internet technology companies have encountered funding problems to varying degrees.

In order to overcome the difficulties, they tried to cut various large expenses on the one hand, and on the other hand, they looked for new investors to obtain large amounts of financing to enable the company to continue operating or even "revive".

However, most Internet technology companies failed to find a buyer and eventually went bankrupt in despair. Of course, there are a few lucky ones who found the investor they longed for.

For example, senior executives of Qualcomm met with representatives of Comet Capital, such as Mugur Hosking, who took the initiative to visit them.

Looking at the familiar face, President Irwin Jacobs smiled bitterly and said, "Mr. Hosking, since Comet Capital is still as optimistic about Qualcomm as it was back then, why did it transfer all of its shares in Qualcomm to other people in advance?"

Facing the other party's questioning, Mugur Hosking was very calm, "The reason why I transferred the company's shares is mainly because I feel that the returns from our previous investment have exceeded expectations. This is already a successful investment!"

After hearing the "shameless" answer from Mugur Hosking, a group of Qualcomm executives including Irwin Jacobs looked very unhappy. Although what this guy said was not wrong, the implication of his words was really annoying.

"What do you mean by earnings have exceeded expectations?!" Do you think Qualcomm's stock price and market value are too high? ! Although Qualcomm's stock price fell a lot after the Internet crisis, their situation is definitely better than other Internet high-tech companies! In this comparison, Qualcomm's gold content is very good. At least in the context of the continued fermentation of the Internet crisis, Qualcomm's profits are still considerable! Not only the company's employee salaries have not been affected, but the research and development and optimization of product technology are also still progressing steadily.

As if sensing the other party's dissatisfaction, Mugur Hosking smiled and explained, "As I said before, Comet Capital is a professional financial investment institution. Qualcomm's stock price is currently severely undervalued. However, there are probably very few people who are capable of discovering and willing to invest heavily in acquiring Internet technology companies."

"Of course, as long as you are willing, Comet Capital is willing to invest in Qualcomm. In addition, we can also help lobby the senior executives of JPMorgan Chase. With the support of many financial institutions, it won't be long before Qualcomm's stock price rises."

Upon hearing that Hosking could get JPMorgan Chase to invest in Qualcomm, Ivan Jacobs, who had originally looked unhappy, hesitated for a moment. Although their company's financial situation was not bad, research and development has always been extremely expensive.

Especially in the past two years, their business has gradually transformed, focusing more on technology development and licensing, and the semiconductor chip business has become the company's "highlight".

Ivan Jacobs looked at his subordinates beside him and found that they all nodded at him imperceptibly, indicating that they agreed to the cooperation.

Irvin Jacobs hesitated for a long time and wanted to reject the other party's proposal, but when he thought of the bad experience in the early 1990s, he reluctantly agreed.

At that time, Qualcomm was desperate and put all its efforts into developing CDMA technology. However, even after pouring in huge amounts of money, it still failed to succeed. The entire company was almost bankrupt and its cash was almost exhausted.

Later, Qualcomm successfully IPO'd and raised $68 million in financing, which helped it get through the difficult times.

Seeing that the goal was successfully achieved, Mugur Hosking was all smiles. As for what he just said about lobbying JPMorgan Chase, it was just a temporary addition. Anyway, he himself didn't have such great ability, and it all depended on his boss (Zhang Junfeng)'s ability! (End of this chapter)


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