Rebirth
Chapter 578: Sybase and John Cheng
Perhaps after seeing Li Feng’s intentions, Eric took out the information he had prepared and handed it to Li Feng in due course: "BOSS, look at it. Sybase System has been a lot of trouble recently. I think this is our best. Opportunity."
"OK, let me see..." Seeing that Eric was ready, Li Feng couldn't help but smile and replied after receiving the documents.
"BOSS, let’s not talk about the benefits of acquiring a database company. The future development of the company is also inseparable from the support of large database companies. If we have our own database company, it is naturally the best. In this way, at least one point can be guaranteed. The database information can be more secure.
We have also established an independent network security company before. If we have our own database support, the security level of the security company can be increased by at least 1-2 levels.
Finally, I am also optimistic about the sybase database company. Not to mention other things, it is just an investment. In my opinion, it is also a good investment opportunity. sybase company itself has proven itself in the market and is currently opening up territory in the global market. .
Although currently due to environmental factors, the recent sybase company has been troublesome, but in the long run, the future database market cannot be underestimated."
"Sybase is really troublesome." Li Feng exclaimed while looking at the information.
"Haha... BOSS, in fact, I have already contacted the current CEO of Sybase System, Mr. John Cheng, perhaps thanks to your Chinese descent from BOSS. The CEO who is currently in trouble is not opposed to our proposed merger plan. , And I’m personally optimistic about John Cheng’s reform in Sybase."
Perhaps this is the commonality between excellent managers, Eric is very in favor of Sybase's current layoffs and other measures.
"John Cheng, are you Chinese again?" Li Feng couldn't help muttering to himself as he looked at the information in his hand.
...
That's right, Li Feng did not expect to see a top Chinese-American talent again. John Cheng, who has just joined the CEO of Sybase Company, is named Cheng Shouzong in Chinese. He is a Chinese-American who left after studying in Hong Kong.
Before that, he was the president and CEO of Siemens Lidox Open Enterprise Computer Division, a business division that controlled and managed more than $3 billion in turnover.
This year, it was dug up by Sybase Corporation and became the company's president and CEO, hoping to get rid of the current predicament of Sybase Corp. The current database company faces huge losses every year.
After Cheng Shouzong took office, the first fire was layoffs. Well, facing the large-scale layoffs, it naturally aroused the resistance of employees and even demonstrations. Recently, Cheng Shouzong and Sybase have faced such problems urgently to be solved.
Isn’t it normal for companies to lay off employees? There are too many news about layoffs in large companies in the past, and there is no mention of which company’s employees will rallied to resist. In Li Feng’s view, it is still Cheng Shouzong’s Chinese identity that is racially discriminatory. The mind is at work, but the white people of the American Emperor actually look down on Cheng Shouzong from the bottom of their hearts.
Cheng Shouzong, a well-known talented Chinese-American manager in Silicon Valley, well, Li Feng is ignorant and unheard of in his previous life, but in fact, Cheng Shouzong is indeed a top management talent.
...
Cheng Shouzong, who was in his previous life, became the CEO of Sybase, and he immediately started to lay off employees. In the next more than a year, he led the company to adjust the market in an all-round way, establish a long-term and testable team, and quickly turned losses into profits. By 1998, he successfully became He became the chairman of Sybase System and immediately led the company to achieve profitability for several consecutive quarters starting from the successful layoffs.
As the database became more and more valued by government departments and companies around the world, Sybase Corp. naturally became more prosperous. As the company was acquired later, Cheng Shouzong later became the CEO of the famous BlackBerry Company, and Cheng Shouzong’s salary even exceeded 100 million US dollars. , Became one of the top CEO representatives in the world.
In addition to his achievements in business management, he was also a director of some other large companies and a member of some organizations, such as the Hundreds of Peoples Association, and later became the president of the famous think tank of the Hundreds of Peoples Association.
In short, this is indeed a very good corporate management talent even in the US.
Of course, at this time, Cheng Shouzong was indeed in the most difficult period. He joined the Sybase company, including the board of directors, and there were voices opposed to him, and the voice of opposition under the company was also growing. The pressure was conceivable. Got it.
Similarly, this also created conditions for Li Feng to acquire Sybase. Now it is the best time to acquire. If others develop smoothly, there is no opportunity for Li Feng.
For such an opportunity, Li Feng naturally did not want to miss it, and began to discuss with Eric about the acquisition.
......
The next day, Eric, on behalf of Li Feng's Skynet Technology Group, initiated a takeover offer to Sybase, which caused a heated discussion in Silicon Valley.
If the acquisition is completed, Sybase will continue to operate independently. Naturally, the current Skynet technology is still empty. For this reason, Li Feng has prepared two personal funds to participate in to ensure sufficient funds for the acquisition.
With the acquisition offer initiated by Tianwang Technology, the sybase company was also turbulent at this time. The original board of directors was divided into two factions. One faction naturally believed that the newly appointed CEO wanted to maintain the current company plans implemented by Cheng Shouzong, such as layoffs;
The other faction is naturally the opposition, opposing Cheng Shouzong's development plan for the company. The most fierce thing at the moment is that the current internal staff's support for layoffs is floating.
Similarly, in the face of a sudden purchase offer, internal opinions are again inconsistent. Some are indifferent, some are in favor and hope to leave with money, and some naturally hope that the company will remain unchanged.
"John, as the company's CEO, how do you view this acquisition?" Mark Hoffman, one of the founders of the former Sybase company, asked Cheng Shouzong on the company's board of directors.
"As a CEO and a new CEO not long after taking office, I naturally don’t want the company to be acquired. According to my plan, layoffs have already begun. I believe that through layoffs while strengthening our professional team building, the company’s products will Competitive, I am also confident to achieve profitability as soon as possible."
Although Cheng Shouzong has discussed with Eric and agreed to be acquired, he still has professional ethics in the position of CEO. In fact, Cheng Shouzong is opposed to being acquired. He was acquired as soon as he took office, not showing himself. The incompetence of this CEO.
"John, don't forget, the employees who were laid off by you are protesting now. Sybase has become the focus of Emeryville, but this focus is not a good reputation." A director on the board directly retorted Tao.
...
"Mark and Robert, please believe me, the downturn of Sybase System is temporary. According to the current development trend of the computer IT industry, our own excellent products will surely turn losses into profits quickly through our efforts." Cheng Shouzong mocked his director. There was no response at all, but to the two founders of the company.
"John, we naturally believe in you, otherwise we won't find you as CEO. However, there are currently different opinions on the board of directors. When do you think the company will be profitable?"
"Mark, Robert, I don't think any of them can guarantee. I can only say that I hope it will be the fastest realization. However, according to my forecast, starting from this quarter, it should be profitable and I hope to achieve the expected 2000 Ten thousand dollars."
"What's the use? Even so, the annual profit may be less than 100 million U.S. dollars, but now our wealthy son is directly acquired at a market value of 1 billion U.S. dollars. I believe that after some negotiations, it may be higher. One point." Once again, a director raised his objection.
At this time, many small shareholders on the board of directors were actually excited.
That's right, you have made a profit, less than 100 million US dollars a year, only by this dividend.And if it is directly acquired, it is a lot of money, even if 1% of the shares are 10 million, let alone maybe more.
"The board of directors has different opinions, but, John, we hope you can try to get in touch there and try to talk about it first, but we can compromise and don't buy all the shares.
We can keep some of the shares and sell some of them. Shareholders can choose whether they are willing to sell their shares. In principle, we have no objection."
"OK, since this is the case, I will do what the board of directors said." Cheng Shouzong saw that the two founders had said so, there was nothing to say, and he responded directly.
...
Similarly, with the discussions of Sybase's board of directors, it also means that the acquisition can officially begin.