American Fortune Life

“ My ownership will not change anything, Qualcomm will continue to implement its original development strategy and invest more money in R&D to ensure our technological leadership while maintaining a sound financial and good capital return plan.

Investments will also be made to better maintain the company's leadership in the semiconductor market.

Gentlemen, what's the most expensive in the 21st century? Talent!

However, what we have seen, the brain drain, Qualcomm's massive layoffs in recent years have severely lost the talent needed to compete.

Qualcomm even faces more serious problems. It is difficult to bring “the next big event” to win competition and gain access to new royalty channels.

The dilemma of the innovator!

To be fair, that's on me here... Has clearer development direction and brand new goals to increase Qualcomm's core business competitiveness! ”

Andy raised the corner of his mouth with a smile and extended his fingers to draw a circle next to the sun xue, his eyes bright and confident, watching the helmsmen around several large institutions beside him, drawing a large cake to persuade, hoping to get the support of these Qualcomm major shareholders, so that he could easily seize the power of the Qualcomm board.

Andy showcased Qualcomm's ambition to acquire five helmsmen from Blackstone Group, Pioneer Group USA, Fuda International Investment Fund, Dauphin Bank USA and Wellington Management Group.

When they met in Houston, they guessed who had been the mysterious buyer of Qualcomm shares for a long time, which, to be honest, surprised them. After all, Andy Smith, the super-rich man, gave the impression that he was more focused on building an empire with the media.

But now all of a sudden, standing in front of them, telling them, yes, I'm going to acquire Qualcomm, I'm going to go into the wireless semiconductor industry, and it all kind of makes them feel a little bit obsessed.

But when you think about Andy Smith's resolute ability to be a smartphone and the several IT companies he owns, it's a little bit of an explanation. Hand games, mobile APP, APP app stores all show that he's very keen on the future of smartphones, so Qualcomm seems to be understandable.

After all, Qualcomm became the world's largest provider of wireless semiconductors for the first time last quarter of 2007.

“So, Mr. Smith, what's your offer?” The CEOs of Dauphu Bank of America were the first to ask that they were investment agencies and that it was the pursuit of interests that mattered, and if short-term interests were maximized, they would not hesitate to agree to Andy's offer to sell Qualcomm's shares.

As for whether Qualcomm would be an easy owner and the founder would be kicked out of the company, none of this was within their consideration, but it was certain that the descendants of Qualcomm's founders were no longer in control of the future fate of the company.

“$35, based on stock prices in recent days, with a premium of 25%... ”

Andy's words are not finished, and the CEOs of all five agencies in the reenactment shook their heads with the same smile. This quotation, which seems to be quite a gap from their psychological level, so they didn't hesitate to shake their heads to express themselves.

“Cash payments.” Andy didn't care how many people shook their heads, and he wasn't going to eat all the shares in these big institutions, which naturally couldn't compare to the $56 highs before Qualcomm, but in this financial storm, some Qualcomm investors were already tired of waiting for the stock rebound to pay off, and no one knew how long the financial crisis would last and to what extent Qualcomm's share price would fall.

Andy believes that as long as he announces the acquisition of Qualcomm shares for $35 a share, there will definitely be a number of institutions to sell, and for the five major shareholders present, Andy needs more support to replace the board members with his own, eventually leading Qualcomm as chairman.

“Now that the global economy is in turmoil and all countries have been hit by the financial tsunami, and you have all experienced an increase in the share price to $56, the share price has now fallen by $28, and to be honest, without the backing of my major acquisitions, it is not clear to anyone what extent the share price would have fallen, and it is even more difficult to predict when the financial crisis will end.

Even in this case, you still have to give up on Qualcomm, which is difficult to make expensive. If I succeed, how would you feel about giving some overseas cash back to shareholders? ”

In Andy's view, the acquisition of Qualcomm is an incremental process, unlikely to happen overnight, because more than 60% of Qualcomm's shares are in the hands of major institutions, which is largely a fatal problem, with strong shareholders and weak boards, which are extremely susceptible to overthrow by major shareholders.

To really take control of Qualcomm, Andy had to coax these big shareholders, and when he became the number one shareholder, he could push these institutional investors out slowly in a variety of ways.

As soon as Andy's offer came out, they gave the five of us a slight glimpse of each other and looked at each other. To be honest, they also had some headaches about Andy now holding 15% of Qualcomm's shares, and they knew there was no way to stop Andy Smith, the super-richman, from continuing his acquisition plan.

Now Andy Smith is hoping to get into Qualcomm for a small price, so find them and get support. If they refuse, it is conceivable that the laughing young man in front of them will not stop buying, then, once the other party has been admitted to the Qualcomm Board as the first major shareholder and has obtained the authority of the chairman, the first thing they will do is deal with these institutions, and they can be stuck with a proposal for several years in a row without any further effort!

Can you stop it?

All five CEOs saw helplessness and doubt in each other's eyes, and then they looked at Andy Smith, who was still calm and comfortable, and laughed bitterly, mainly because the guy was too rich to stop his money offense.

“I will never be unfair to my friends, I am not a stingy person, we have money to make together, we have many opportunities to work together in the future, some of my small companies may also need your financial support in the future, get better and faster development, do you think?” Andy's mouth rose, revealing his white teeth, his eyes bright and sharp and his eyes paired, throwing once again a bait to shake each other's minds.

This time, the CEOs of the five investment agencies were shocked, and in the face of this deadly bait thrown out by Andy Smith, no investment agency could refuse, and all American investment banks, including Wall Street, knew that the potential of several IT companies in Andy Smith's possession was enormous, and that Andy Smith could even be the youngest in the world as long as they were all listed.

Especially since he just bought NBC Universal, you know, this media empire, but private companies, they're not listed, and if they can get a share, they're definitely going to make a fortune by the time they get listed.

Andy smiled confidently at five people, and he had too much chips in his hand to worry that these vampires would resist the temptation, and look now, throw one out and let them see greed.

“Why not?” Stephen Schwartzman, co-founder of the Black Rock Group, suddenly said, continuing under the suspicion of several others: "I am very interested in Mr. Smith's proposal that Qualcomm's future needs to be led by someone with a more strategic vision. Gentlemen, with the launch of the crazy phone from Apple, the era of subversive change has blown the horn, the world has turned a new page, and Qualcomm needs a more long-term strategic layout and development planning. I believe Mr. Smith will lead Gao Tong to a brighter future! ”

“Well, I agree with you, Stephen, I don't mind! ”

“Mr. Smith, we at Dauphu Bank support your participation and are willing to sell some shares if the price is right... ”

“No problem. Over the past year, Qualcomm's magic has gradually disappeared and its revenue and profitability growth has declined. I very much look forward to seeing Mr. Smith continue his magic tricks! ”

“Our pioneer group would very much like to be friends with Mr. Smith and deepen our cooperation... ”

Andy's mouth rose a little louder, and some of his confident smiles, raising the champagne in his hand and touching everyone, "Thank you, in the future, you will be proud of today's decision! Enjoy your cooperation! ”

“Enjoy your cooperation! x5”