American Fortune Life

“ Wall Street generally speculates that Andy Smith's manoeuvre is to acquire more debt than his own competitors.

When he decided to acquire Qualcomm, he had considered the department to be sold later, how much it would cost and to whom it could be sold.

Upon completion of the transaction, there is a good chance of restructuring, decisively laying off and selling non-core business with a focus on increasing the company's profit margin. ”

“From Andy Smith's past acquisition history, it's not hard to see his ambitions for the chip market. For all listed chip companies, after all, he still has to explain to shareholders and investors, not just revenue, but profitability, which is what shareholders and investors want.

Andy Smith can take control of the board at a small cost and complete his command of Qualcomm, and in a few moments, we'll have the answer, please wait and see... ”

In front of the Gateway to Qualcomm headquarters in San Diego, already occupied by live broadcast cars from various media outlets, many journalists are facing the camera for live coverage, awaiting the final outcome of Qualcomm's shareholders' meeting.

Many people in front of the TV also have different minds, waiting for the results, especially in the semiconductor industry, there is a little wolf feeling about the sudden invasion of the capital alligator.

Because globally, when the semiconductor industry grows at a lower rate, companies are bound to embark on an integration path if they are to grow in the process.

And capital operations, undoubtedly, are the simplest and roughest way to keep earnings, revenues and profits going.

In a situation where people are squeezing each other and businesses are growing slowly, then find a way to merge and acquire.

This is the first choice for Capital Alligators!

A group of scientific research companies, faced with the invasion of a young capital crocodile, undoubtedly came to a capital feast, the acquisition of Qualcomm was the beginning of the capital feast.

Just to see how Wall Street favors Andy Smith, a group of acquisitions of Citibank, Bank of America, Goldman Sachs, Merrill Woods Bank and Morgan Stanley.

Super-rich in itself, combined with the power of the consortium around us, nobody doubts Andy Smith's ambition for the entire semiconductor industry!

“ If I stand in the chairmanship of Qualcomm, I will definitely play this (M&A) with this ability. ”

At the NBC News Studio, a semiconductor investor said very seriously in the face of the camera, questioned by the host.

“Structurally, in the 1980s, small start-ups entered the semiconductor industry, and in the 1990s the trend towards listing and small mergers and acquisitions began. By 2000, horizontal mergers had emerged, large transactions had emerged and the semiconductor industry had slowed down.

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. ”

“You mean the semiconductor industry will enter the integration phase?” The moderator asked with both eyes open.

“I predict that this will happen, the entry of capital, will accelerate the arrival of this integration period, the curtain has been opened! ”

Yes, the curtain is open!

“I propose that Mr. Andy Smith chair the board of directors of the company. ”

“I agree. ”

“Agree!”

Just saved his own board seat, Qualcomm CEO Steve Morenkopf, with a slight bitter smile on his mouth, watched 'Where Everyone Wants To Go', with a faint smile on his face and full control of Andy Smith at the pace of the shareholders' meeting.

“Agree!”

Steve Morenkov saw people throwing their eyes at him, smiling on his face, raising his hand and agreeing, he saw the heavy expression on many people's faces relaxed, and looked at himself with a hint of recognition, especially the breath of relief of the company executives sitting behind him, making him more helpless and bitter.

The big picture has gone, he is not an idiot, how can he go against a fate that has been completely changed, not only will no one support him, when he loses everything, nor will he exchange it for respect, but indifference is irrelevant.

Just like Paul Jacob, who was relentlessly kicked out of the board a while ago, even the founder's family got out, not to mention he worked alone!

When Steve Morenkopf raised his hand and agreed, he had just been kicked out of the board of seven directors, his shady face twitched a few times, and he finally sighed with depression, and they knew that Andy Smith had won and it was over.

“Pfft, pfft, pfft...”

There was an incredibly warm applause in the conference room, Andy Smith had a gentle smile on his face, stood up and thanked him all for standing up and applauding him for being elected Chairman of Qualcomm.

“Thank you, thank you... ”

Andy smiled and shook hands with the 10 new board members, shaking hands with the top 25 shareholders, thanking them. In the eyes of everyone, Andy raised his mouth and walked calmly behind the boss chair that had been vacated at the top of the conference table, reaching out and patting the back of the lower chair slightly, pulling it back and forth slightly, standing in front of the conference table, smiling and pressing under his hand. "Sit down, everyone. ”

After that, he took the lead in sitting on the chair of the chairman of the board of directors, and everyone saw him sit down before sitting down.

From now on, Andy Smith officially owns Qualcomm!

“I know that there are a lot of outside speculations after I joined Qualcomm, such as what reorganizes, decisively lays off and sells non-core business, focuses on raising the company's profit margin, and so on, oh, well, here, I tell you, those are just outside speculations, and my real decision is to increase R&D investment while doing business as usual!

The patent licensing business and the cell phone chip business are our two pillars of revenue. Since 1989, CDMA patents and technologies have accumulated, allowing companies to maintain annual revenue growth of more than 20 per cent.

So, only with patent barriers and absolute technological leadership can we hold onto the first throne of a wireless chipper and take away all our other competitors, including Intel.

And whether it's patent barriers or absolute technological leadings, it's a huge investment in R&D. According to the information I received, the South Korean four-star group, already undergoing internal restructuring, will intensify its research and development on semiconductors such as cell phone chips, which means that in addition to Intel, the South Korean four-star group will also be our chaser in the Gulf Province of Heaven.

Gentlemen, in the future, competition will only become more fierce. We have to hold on to the first throne of wireless chippers. We are not as optimistic as we thought. We can say that we are a bunch of wolves. We cannot blindly confident and arrogant, foreboding, blindly confident and arrogant Intel, ignoring us, will eventually be surpassed by us. They will also miss out on great opportunities for the entire mobile Internet.

All we have to do is stop thinking!

First-class enterprises sell patents, second-class enterprises make products, third-class enterprises sell hard work. This is a phrase that has been widely disseminated in the industry, which underlines the importance of patents. On the way here, within the company headquarters, we saw the “patent walls” standing in the lobby. To be honest, it was shocking, it was spectacular, and at this moment, when I became chairman of the board of directors, I became more proud and more stressed that every patent on the “patent wall” is our core asset and source of profit.

As chairman of the board, I want to see more new patents hung up on the patent wall to keep the company alive! ”