Global monopoly of technology

Bluestar Technology headquarters, internal executive meeting.

Zhang Bowen opened the document in front of him, looked around at all the attendees and said: "Recently, Wall Street is constantly exploding negative news about subprime mortgage bonds. North American existing home sales have fallen by 3.9% in the middle of this month. CFC, its largest subprime mortgage company, has already reduced its lending. What's more serious is that New Century Financial, the second largest subprime mortgage company in North America, is facing a $17.4 billion debt on Wall Street and declared bankruptcy the day before."

After a pause, Zhang Bowen continued in a deep voice: "Not only that, the U.S. stocks have plummeted across the board. The Dow Jones index has fallen 2%, the S&P index has fallen 2.04%, the Nasdaq index has fallen 2.15%, and Bluestar Technology’s stock price includes The technology sector has not been greatly affected for the time being, but the subprime mortgage crisis in North America should not be underestimated. Now a series of negative news has been exploded. The panic index is soaring, which may cause systemic financial risks. At that time, no one can stay out of the matter. ."

As a multinational technology giant, Bluestar Technology Group's capital flows are in units of 100 million yuan. Large groups will have a group of top financial talents.

Zhang Bowen had to pay attention to this matter. He began to pay attention to Wall Street news in the middle and late last month. Although it will not be directly affected, it will also indirectly impact Bluestar Technology, which is reflected in the decrease in revenue. When other companies have a crisis, advertising revenue will shrink.

The larger the size of the company, this financial risk cannot be completely avoided.

Once a global financial crisis is triggered, no one can avoid it. The larger the company, the more obvious the impact will be.

Bluestar Technology is not a financial company. It is in the outer circle, but it is large enough. Even the severe economic crisis in North America will have obvious impact on Bluestar Technology, because 39% of the group's revenue comes from the North American market.

At this time, Luo Sheng looked at Irene sitting in the conference room and asked: "How much working capital does the company have now? What is the performance status so far this year?"

Hearing that Irene opened a file of audit materials, looked at it, and replied: “As of now, 2007 revenue is 6.17 billion U.S. dollars. The first quarter of 2007 revenue is expected to reach 7.3 billion U.S. dollars. The profit can reach 1.788 billion U.S. dollars. The current quarter’s net profit is 1.575 billion U.S. dollars. So far, the company’s cash flow is 14.7 billion U.S. dollars, which can be used for turnover at any time. This cash reserve is 10.7 billion U.S. dollars overseas, and the rest is in the mainland. About 31 billion."

The executives heard this report by Irene and felt more at ease. Basically everyone had heard the news on Wall Street more or less, but no one would panic about it.

There is no other reason, the company now has money.

The most important thing is that Bluestar Technology has no debts and can survive this winter even in the outbreak of a global financial storm.

Of course don't panic.

Luo Sheng sat leaning on a chair, and smiled lightly: "There are more than 100 billion cash reserves, and the family has surplus food. We are not panicking. We are watching the changes. The American subprime mortgage explosion is not for us. The total bad thing, holding more than 100 billion in hand, is a good opportunity for bargain hunting."

Speaking of this, Luo Sheng immediately sat down, and immediately looked at Zhang Bowen: "Let's take advantage of the fire in the American home. Let's take advantage of the fire. Zhang, three things, the first thing is to take this opportunity to quickly launch cloud computing services in North America, IBM It must have been affected by the pressure, so we will put some pressure on him. There is no motivation for the pressure."

As soon as he said this, he couldn't help but greet a full house of laughter.

Luo Sheng continued: "The second thing is to actively prepare for the acquisition of Sun Microsystems in North America. First prepare and initiate the acquisition invitation in the second half of the year. The third thing is to start a repurchase plan. I think the North American subprime mortgage crisis is not only There will be further economic disasters sweeping the United States. The financial crisis will definitely spread to the world. The economy of the United States will surely follow the problems of the world economy. No listed company will be spared. Bluestar Technology is no exception. It will start a stage at the lowest stock price. Round of large-scale repurchase plans."

The company’s cash pool has too much funds. It’s 113.7 billion yuan, which is equivalent to about 10% of the company’s total market value. If there is no place to spend so much money, then buy back stocks.

As for dividends, don't think about it. Luo Sheng will definitely not pay dividends. The company's profits are either used for development or stock repurchase. There is no third option.

Zhang Bowen hesitated and said: "Mr. Luo, is this... the steps are too big? This kind of time is multi-line attack..."

Luo Sheng smiled and said: "The so-called starvation of the courageous to death, the courageous, it is correct to be cautious, but you have to act decisively when you see it, don’t hesitate. Tightening lending can’t get money and it breaks the capital chain. The company can’t find the bank to borrow money, right? But it can ask me to borrow it.”

Hearing what he said, Zhang Bowen realized that Luo Sheng had cashed out nearly US$6 billion since Bluestar Technology's IPO. This is not a fixed asset, but a cash flow that can be taken out at any time.

"understand."

With this in mind, with this guaranteed Zhang Bowen, there is no worry.

In fact, if Zhang Bowen knew that Luo Sheng had already used all his money to bet against the North American housing market, he would be stupid.

Of course Luo Sheng would not tell him what to do with the money. As long as there is no convulsion in his mind, it is impossible to tell them the facts. It is necessary to conceal it under special circumstances.

...

In the afternoon, Luo Sheng came to the Blue Coast Company.

"I recently spent a week systematically combing through the mortgage bond market in North America. There are already a few cases of default." Qin Weimu came to Luo Sheng's office. At the moment, the two of them are sitting together. She is in Luo Sheng. Sitting next to Sheng.

After Qin Weimu returned from the United States, she took some time to study the financial market.

She herself has high attainments in finance, but her current job does not require much skill in this area.

Qin Weimu took out a blank A4 paper, and said while writing: "Wall Street bankers mixed debt mortgage bond A with debt mortgage bond B, and in turn, debt mortgage bond B also mixed debt mortgage bond A. , And then repackaged into debt-collateralized bonds C, which are so-called double-debt-collateralized bonds, as well as debt-collateralized bonds composed of credit default swaps, which are transformed into so-called synthetic debt-collateralized bonds."

Luo Sheng simply asked: "Then how much money will our $6.2 billion subprime mortgage be staked on?"

Hearing that Qin Weimu put down the pen in his hand, and leaned on the sofa successively, his slender hand wrapped his chin in thought, "I think about it, $6.2 billion...The market for secured mortgage bonds is about 23 times the actual amount. In theory, It can reach 142.6 billion US dollars..."

When calculating this number, Qin Weimu himself was taken aback and couldn't help covering his mouth and his eyes widened.

Luo Sheng exclaimed: "My God, it's just super leverage."

After Qin Weimu reacted, he couldn't help but sigh softly: "If mortgage bonds are matches, then debt mortgage bonds are like a sponge full of kerosene, and synthetic debt mortgage bonds are a depth bomb. This is not just an economic disaster in North America. The economy will also collapse. It’s just a matter of time. The later the explosion, the more terrible it will be. Countless companies around the world will go bankrupt. Thousands of people will lose their jobs, lose their homes, lose their pensions, pensions, pensions... We may profit more than 600% from it, and every profit is stained with blood..."

After finishing speaking, Qin Weimu sighed long and leisurely, but he was not happy for his own value soaring, but felt sad for the coming world economic disaster.

Luo Sheng can feel it, she is not acting.

"I can still maintain this rationality and kindness in the face of money. Isn't it impressive? But when capital is no longer greedy but has a conscience, sometimes it is very frustrating, even painful."

"I am not a capitalist, nor a banker. I am a lawyer." Qin Weimu turned to look at him and corrected it, and calmed down after speaking, and said to himself:

"I know that the real world is like this. It hasn't changed before, it hasn't changed now, it won't change in the future, and no one can change it. I thought about donating this money emotionally, but my reason told me it was stupid. Because even if you donate all your wealth, nothing can be changed, and you will even be hated. This is human nature."

Luo Sheng couldn't help but joked when she heard this: "It seems that your thoughts are still controlled by reason, then I'm relieved."

Qin Weimu reluctantly showed a smile when he heard it, and sighed lightly: "It's just that sometimes it's very frustrating to calm down and think about it."

Luo Sheng said: "Compared with the people on Wall Street, our moral bottom line is many times higher than them. The subprime mortgage crisis should have erupted this month, but it is suppressed now, why?"

Speaking of this, Luo Sheng couldn't help looking at Qin Weimu's beautiful side face: "You are more professional, and you should know better than me. The debt mortgage bonds were made by them, and they made a lot of money. Now I have fun. , Rushing to let go to unsuspecting consumers, and even the major investment banks on Wall Street bet against themselves. This is the real greed..."

After a while, Luo Sheng added: "I have earned some money and can change the world and promote the progress of human civilization. It can be more effective than those in the hands of those on Wall Street. It should not be depressed, but should be treated with a sense of mission. Is there any reason to deal with the money earned?"

Qin Weimu couldn't help being stunned. He also turned to stare at Luo Sheng. He saw the other person's smile. Thinking back to what he said just now, he was so cold and uncontrollable, he rolled his eyes out of anger.

"It can be said so awe-inspiring, it is exactly the same as the standard villain in the movie, a guy who feels good about himself."

Luo Shengle laughed and said: "Don't even say, the villain's execution and purpose are quite clear and without hesitation, and decent? It will always be a step slower than the villain. As for me, we don't go to extremes, we have the image A villain who has strong execution and decisiveness, just retain some sense of justice, um, just a little bit, so that is the best way to survive in this world."

...