Global monopoly of technology

After a while, the time came to March of 2008. Luo Sheng went home for the New Year in a low-key manner this time. During the Chinese New Year, the global economy began to enter the stage of a full-scale collapse. Even if all countries were frantically saving the market, they still could not resist the stock market cliff. Style diving.

But there is no way. If you can't stop it, you have to rescue the market crazily.

Especially in the United States, there is a serious shortage of liquidity, a large amount of real economy is unable to borrow money, the unemployment rate is rising, and the GDP continues to collapse.

The Fed is implementing rounds of interest rate cuts, reducing interest rates to a level close to zero, and has remained unchanged.

In addition, the Federal Reserve has successively introduced a multi-lens quantitative easing policy, by purchasing a large number of asset-backed securities and selling treasury bonds, injecting liquidity into the market to save this economic disaster.

However, as the whole world was lingering in the haze of the economic crisis, Luo Sheng had a happy new year without any pressure.

Years later, it's time for wild harvest.

It can be said to confirm the words of Buffett: I fear when others are greedy, and I am greedy when others are fearful.

...

At the beginning of March, Bluestar Technology CEO Office.

Irene came to Luo Sheng's office with a piece of material and asked: "The company's 2007 annual performance and financial report has been audited early. Are you still not going to disclose it?"

Luo Sheng shook his head: "Don't worry, let the bullet fly for a while."

The news was usually disclosed to the outside world at the end of January, but this time Luo Sheng was not allowed to disclose it, and the market has been looking forward to it. His actions undoubtedly seriously frustrated the confidence of the market. Investors felt that The situation of Bluestar Technology may be worse than imagined, and it is directly reflected in the stock crash-like diving.

This is the result Luo Sheng wants. It is also deliberate to suppress the financial report without disclosing it, anyway, as long as it does not exceed the deadline for publishing.

Generally, listed companies often publish their annual reports and quarterly reports of the new year together. Bluestar Technology Group has not done this before, but it does not mean that it cannot be done.

Luo Sheng picked up the materials that Irene had brought and watched silently.

Bluestar Technology Group’s fourth-quarter 2007 and full-year financial reports as of December 31, 2007, the global revenue of Bluestar Technology in the fourth quarter was US$6.567 billion, a year-on-year increase of 10.78% and a month-on-month increase of -14.32%. The profit was US$1.38 billion, an increase of -3.08% from US$1.423 billion in the same period last year.

Obviously, the economic crisis has spread to technology companies. Bluestar Technology Group’s performance in the fourth quarter fell for the first time, but there was no absolute loss. In the fourth quarter, it still earned a net profit of US$1.38 billion.

In other words, I did not earn as much as before, but under this premise, I still made a lot of money.

If it hadn’t been for the economic crisis in North America and spread to the world, the fourth-quarter performance would surely have risen by about 30%. However, in such a big environment, it would be a bit difficult for such a requirement. It’s not that the performance of Bluestar Technology has fallen. It's all diving.

Bluestar Technology Group's annual revenue in 2007 reached 28.152 billion U.S. dollars, an increase of 102.88% compared to the 13.876 billion U.S. dollars in 2006, but the net profit for the whole year this year was negative, with a total net loss of 1 billion U.S. dollars. .

This is because in the third quarter, Bluestar Technology Group launched two new projects "online cloud translation" and "virtual idol" at this time, plus the investment layout of the e-sports industry, and at the same time acquired Vivendi Group Holding all shares of Blizzard, these are the reasons for the substantial increase in operating expenses.

Profit is important, but the influence of a company ultimately depends on revenue data. Therefore, the world’s top 500 companies are not ranked by profit, but by revenue. Bluestar Technology Group’s revenue this year has maintained The triple-digit growth reached a dazzling score of 102.88%.

After tossing for a year this year, it looks like a loss of 1 billion U.S. dollars, but in fact the company’s assets have soared. More importantly, Bluestar Technology Group has no debts so far, and there are more than 17 billion cash reserves. , This is the biggest support for Luo Sheng to be calm in the face of the global financial turmoil.

Now this juncture is the moment when cash is king. Bluestar Technology Group has more than $17 billion in cash reserves in its safe, and there are no debts. No matter how cold the economic winter is, it can survive.

Not to mention that Luo Sheng's offshore trust still holds more than 40 billion US dollars in idle money. This money can be used at any time if it does not enter the stock market or Wall Street.

In any case, Luo Sheng is unlikely to face the possibility of no cash flow.

About two-thirds of the time the material was read, the landline phone on the desk rang, and it was Zhang Bowen.

"Mr. Luo, the company's market value has fallen to 157.2 billion U.S. dollars. Is it possible to buy back at the bottom?"

"Wherever it is, I haven't fallen below 150 billion, don't worry, wait until it falls below the 100 billion dollar mark before making a move." Luo Sheng said immediately without hesitation.

On the other end of the phone, Zhang Bowen, who was sitting in the executive vice president’s office, said in surprise: "What? This...can fall below the 100 billion mark? Is it so serious?"

Since 2008, countries have been rushing to rescue the market, especially in North America. The Fed has been continuously issuing a series of measures for liquidity, but it still cannot save the market crash. Zhang Bowen thought it was almost the case. He did not expect Luo Sheng’s influence on the market value. It is predicted that the downward trend will be so severe.

Luo Sheng replied affirmatively: "Just do what I said, and keep your breath. In the second half of this year, our income may be significantly reduced this year. It depends on how much cloud services can be pulled back. At this time, throw away the money. It’s very difficult to earn back after going out in a short period of time, and you won’t have that much money if you want to buy the bottom."

Zhang Bowen nodded and said, "Yes, I understand!"

Luo Sheng: "That's it."

...

If at the end of last year, technology stocks were already weak, then just entering 2008 this year, technology stocks have also fallen, and they have begun to enter the stage of a major crash. The technology stocks that had been strong for nearly a year during the subprime mortgage crisis finally ushered in Cliff diving, and it's a continuous jump.

As of now in March 2008, the world's top ten listed IT technology companies, Microsoft still maintains the number one technology company, but its market value has plummeted to 247.3 billion U.S. dollars, evaporating nearly hundreds of billions of dollars.

The world's second-ranked listed technology company, Bluestar Technology Group, has also fallen sharply, from its peak of 207.1 billion US dollars to the current 157.2 billion US dollars, evaporating nearly 50 billion US dollars.

The third-ranked IT listed technology company is Cisco, with a market value of 145.4 billion U.S. dollars; fourth is Google, whose current market value has fallen to 132 billion U.S. dollars; fifth is Intel, with a market value of 115.7 billion U.S. dollars.

The current market environment gives people the impression that European and American countries are rushing to rescue the market, but the more rescued the market, the more the stock market jumps, as if in a vicious circle.

Can't help but save, otherwise it will be more terrifying.

The panic index has exploded, and the underwriters of the Bluestar Technology Group are now waiting for the stocks in hand to unlock the restriction period, but the restriction period will not pass until the second half of this year.

That is to say, there are still about three months before the stocks in their hands can be traded. As early as the high market value of the company, investors holding Bluestar Technology stocks wanted to sell the stocks in a hurry. Helpless.

However, as long as the market value of Bluestar Technology's stock does not fall below US$50 billion, there is still a profit, but compared with the market value of more than US$200 billion at its peak, it is still bleeding.

However, in the following days, the global IT industry suddenly became extremely lively.

This is because several IT giants have been directly or indirectly involved in a chaotic battle. Participants include global well-known IT giants such as Bluestar Technology Group, Google, and Oracle.

At the same time, IT technology giants such as IBM and Hewlett-Packard were also forced to join, and the focus was on the competition between the Swedish MySQL company and the North American Sun Computer Sun company.

...