"We also need to increase investment in color screen technology, and at the same time pay attention to software development. This is very important. Other shortcomings can be addressed through procurement, but once software becomes a disadvantage, it is very difficult to change."
At the meeting, Lu Feng emphasized the Internet, stating that in the future, computer software should be placed on mobile phones, allowing mobile phones to replace computers. He also stressed that the development of operating systems should be placed on the same level as chips, storage, and screens.
It's unrealistic to expect to catch up with others within a few years, but we need to reach the second tier in a short period of time, make affordable products, expand our product range, and make sure that any small factory can use the R&D company's products.
To put it simply, it's just a standard chip, standard storage, a standard screen, and a standard operating system. If consumers want to buy a cheaper one, they have to become the R&D company's test subject, constantly updating and iterating based on user feedback, while also increasing the coverage of the operating system.
Lu Feng demanded that they release a basic version of the operating system in 2000, making it free and open to the public. He also wanted them to set up a website where anyone could register and use the software developed by the company, and to bundle the software with the hardware.
The meeting ended around 3 p.m., and everyone felt immense pressure as they walked out of the meeting room. They had only just launched a mobile phone, and the boss was already spouting a bunch of confusing terms like "internet" and "operating system." How could these people not be confused?
Lu Feng left the R&D company and went straight to Jiaxun to get a quick overview of the situation. On the way there, Lu Feng saw various slogans about cracking down on crime along the roadside, indicating that the crackdown was in full swing.
In the United States, on Wall Street, a large number of traders are sitting in front of their computers, constantly scavenging Thai baht internationally, contacting major banks for loans, and stockpiling financial ammunition!
In September 1996, Thailand's US dollar reserves totaled US$37.2 billion, and the currency exchange rate was generally stable. Little did they know that danger was about to strike.
At nine o'clock in the morning, Soros sat at the head of a meeting room, inquiring about the current status of the Thai baht they had borrowed. They had already obtained Thai baht worth five billion US dollars, with a loan period of one month and an interest rate of five percent.
"Now is the time to take action. This afternoon, we published financial reports about Thailand in some financial newspapers to spread the word and make sure we are seriously discussing the Thai economy."
Around noon, numerous Wall Street financial newspapers published articles about the Thai economy. Many well-known economists believed that the Thai economy was weak, that the upgrading of its manufacturing industry was too slow, and that only tourism was supporting it. They were not optimistic about economic growth in the next few years, predicting that Thailand's economic growth rate would drop from 8 percent in 1995 to about 1 percent next year.
The moment this news broke, Wall Street's financial experts sensed something was amiss. That same day, Thai officials refuted the claim, stating that Thailand's economy was performing well and its industries were healthy and comprehensive.
A week later, at 8 a.m. in the United States, the foreign exchange market was trading normally. Soros arrived at the company early. The Thai baht is a small currency with low daily trading volume, making it the easiest currency to crash.
"What is the current trading volume?" Soros asked.
"Nine million US dollars. Based on my observations over the past few days, the trading volume of Thai baht is around thirty million," the trader replied.
"Throw out ten million US dollars!"
In less than ten minutes, ten million US dollars worth of Thai baht were thrown out, quickly becoming a bombshell in the market. The previously flat trading line plummeted instantly. At this moment, everyone watching the Thai baht had no idea what had happened, and panic began to spread.
Thai authorities immediately noticed the exchange rate issue and quickly deployed funds to absorb the remaining funds.
"It's been eaten!" the trader shouted.
"No rush, let's see if they counterattack."
With such large fluctuations in the foreign exchange market, the Thai foreign exchange authority dared not make decisions on its own and immediately reported the matter to higher authorities. The instructions from above were to protect the exchange rate and not give any speculators who trade foreign exchange any benefit; they had to crack down on them decisively.
Half an hour later, the Thai baht exchange rate began to rise, with the government actively buying up five million US dollars worth of Thai baht.
"It's gone up!"
"Smash it!!"
In an instant, another ten million US dollars were thrown out, and the lines that had just raised their heads instantly turned into an A-shaped kill!
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