American Fortune Life
Chapter 1571: Whose Fate Will Be Rewritten?
“I'm not a semiconductor, but I know how to make money and do business."
“For all listed chip companies, after all, shareholders and investors are expected to see more than just revenues, but also profits and earnings per share. ”
“How's the Qualcomm board doing now? Oh, look at the sales of Qualcomm shares by several institutional shareholders present, and you can see the attitudes and opinions of the shareholders... ”
“ Structurally, small start-ups entered the semiconductor industry in the 1980s, and the trend towards listing and small mergers and acquisitions began in the 1990s. By 2000, horizontal mergers had emerged, large transactions had emerged, and the semiconductor industry had slowed down.
As I emphasized earlier, I'm not a semiconductor, but I know how to make money and do business. Over the next decade, the trend of mergers and acquisitions in the semiconductor industry will move from horizontal mergers and acquisitions to vertical mergers and acquisitions upstream and downstream, and semiconductor ecosystems will become increasingly important in the future.
For Qualcomm's current board of directors, I don't think they can lead Qualcomm to the challenges of the future, and I am disappointed that during this time, they completely ignored the interests of shareholders and investors and acted in isolation... ”
In a conference room at Qualcomm Corporation's headquarters in San Diego, California, board members stared at an ugly LCD TV, and Andy Smith faced reporters, accompanied by the shareholders of six major institutions, interviewed outside the Michelin Restaurant like a press conference.
Silence!
Collective silence makes the atmosphere in the conference room incredibly heavy!
In order to protect their property from malicious takeovers, it can be said that Qualcomm board members have exhausted all manner of manoeuvres, at a moment of silence and frustration.
They delayed a month's general meeting of shareholders on the verge of trying to trade time for space, and seeing six institutional shareholders and Andy Smith standing together seemed to make it all look so ridiculous!
The Overlord Hard Bow whale swallowed an overall malicious takeover plan, and now they know that Andy Smith didn't have an overall takeover plan from the beginning, with the real intention of targeting the board and subverting it to achieve the ultimate result of controlling Qualcomm.
With the Qualcomm Shareholders' Meeting imminent, whose fate will be rewritten?
Now it looks like there's nothing left to worry about! Andy Smith has the support of the top six institutional shareholders of Qualcomm, plus his own shares, to turn the board upside down and make it easy.
Andy Smith clearly does not intend to give Qualcomm's board of directors time to react by leaving such an important “counter-attack” for less than a week before the shareholders' meeting.
Now, Andy Smith is right, Qualcomm shareholders are the real helmsmen!
Perhaps all this, in the face of a malicious takeover, the board decided to start a counter-attack and fell into a trap.
Andy Smith's malicious takeover and Qualcomm's board counterattack had different ends and naturally turned out to be tens of millions of times different.
Andy Smith has been buying for ROI since the beginning, naturally not considering Qualcomm's long-term strategy for the broadest possible support, but by promising shareholders, painting biscuits, and even making the company perform better through short-term open-source throttling and layoffs so that shareholders can leverage short-term gains.
On the other hand, based on technological innovation, the Board of Directors aims at synergistic business development, based on a long-term business development strategy, oriented towards future industrial trends, which may yield slower returns, but will be longer-term and have the potential to continue to erupt.
To be blunt, the difference between short-term and long-term interests.
Now, Andy Smith's choice to acquire Qualcomm's time node should also be a deliberate choice.
Sufficient short-term earnings programmes have been prepared to persuade institutional shareholders caught up in the mud of the financial crisis.
When Qualcomm boards struggle to keep their seats on the board, use the funds to repurchase stocks, buy other companies, spend money, increase Qualcomm assets, and stop Andy Smith from buying in bad faith.
Andy Smith was shouting to the big institutional shareholders, "Qualcomm's shareholders, you should agree to this acquisition, because you can directly benefit from the red fruit. The Qualcomm Board of Directors can benefit you, but it gives too little, still follows me in giving more! ”
The management of each listed company hopes that capital should intervene less and that shareholders should look at it more in the long run.
However, capital gains, which is the essence that no one can change!
At the same time, capital is sensitive, especially at a time when the economic crisis is overshadowed by clouds.
Qualcomm board members in the conference room are in a very delicate mood at the moment. Without wanting to lose their board seats, there was nothing they could do, and the day the shareholders held the big house was the day they were swept out.
“Knock, knock...”
The crowd in the miserable conference room heard knocking on the door and saw the same person pushing the door into the door.
“Chairman, the company's share price has plummeted to $35, and with panic throwing off the table, U.S. shares have plummeted... ”
Wow...
Upon hearing the report, the people in the conference room immediately got loud and heard the ugly crossover. They didn't have a better way to cope with today's plunge. After all, today's stock plummeted all the way down, under the big influence, there was an egg!
Knock, knock!
“Everybody calm down!” Director Li, who was elected as interim chairman, John, helplessly tapped the table with his fingers and whispered.
Until everyone was quiet, their eyes focused on the face of the temporary chairman, John.
“Can I track accounts with large volumes of discs? ”
“ ”First came silence, under the pressure of the directors' attention throughout the conference room, helpless bitter laughter:“ It was our top twenty major shareholders who were losing... ”
When the voice dropped, the crowd in the conference room put their eyes on the LCD TV beside them again. Andy Smith was rated with a sunny smile, and the smiling face made everyone in the room feel a cold chill.
They know that the effects and effects of Andy Smith's offering have begun, and this time Qualcomm's share price seems to be really going back to the prototype!
Meanwhile, even more ugly than the faces of Qualcomm board members are the heads of the malicious Andy Smith takeover by several Gandang 'White Knights’, mainly General Electric, who watched the entire line plummet and plummet to a qualcomm share price of about $35, from laughing and flashing, to panicking completely, starting to stop the shipment loss, hoping to reduce losses, and then making a big deal of low-suction chips.
The idea was good, but unfortunately, how could they have guessed that Andy Smith had prepared a series of big meals for them, one after the other?
After an NBC TV show on an economic forum exploring the future of the financial crisis, several economists openly questioned the need for ‘bad debt banks'.
Immediately before the end of the afternoon, the market rumours and Washington D.C. rumours raised concerns about the future of the government's plan to set up a "bad debt bank", which led to another setback in the market driven by the Financial Unit.
By closing, the Dow Jones Index had fallen by 2.82%. The Nasdaq Composite Index declined by 3.08 per cent. The S&P 500 is down 2.28%...
Watching Qualcomm stock fall back will cost around $34, whether Qualcomm company up or down, or several 'white knights’, at this time, you can imagine that their faces are pale, trying to find a way to sell the stock, unfortunately, when many institutional shareholders sell, they have generated panic trampling, are selling, Qualcomm's stock price has been completely suppressed!
“Oh... Don't worry, the show's still behind us! ”
Andy looked at Qualcomm's stock curve and current stock prices on the big US stock data screen in the Free City Investment Company lobby and smiled happily.