Chapter 567

Since the Pentagon wants to participate in the iridium project, Motorola's civilian satellite platform is not enough. The requirements for quality and reliability of military and civilian products are far from the same.

From the perspective of the Pentagon, giving up its global satellite communication program can save tens of billions of money, which is more than enough for the development of fighters and other high-performance weapons. But the big premise here is that iridium's communications system deserves the Pentagon's support.

And Lockheed is the key to improve the reliability of iridium. As the most famous U.S. arms company, Lockheed has always been the main supplier of the U.S. Air Force and navy. Their aircraft and missiles enjoy a high reputation in the world's defense market. One third of the Defense Department's budget goes to Lockheed every year. But what most people don't know is that Lockheed has a greater market advantage in the field of military satellites. They have almost contracted all the military satellite production and launch contracts of the Department of defense quietly, and they are absolutely the king of the military satellite field.

Cooperating with such a military company is absolutely disruptive to the improvement of iridium's quality and performance. EVA can finally boldly get rid of Motorola, a two-sided partner, and use Lockheed's technology to eat the fat meat of the global satellite communication market.

Under the care of the Department of defense, Lockheed moved quickly. After signing the cooperation plan with Yota communications, they immediately started the development of the first verification satellite with the technicians of Yota communications, and agreed to transfer all Iridium satellite technology to Yota communications after the end of the contract. This is the best way to cooperate. It's not that Lockheed is not optimistic about the global satellite communications market that it gave up its plan to become a shareholder. The fundamental reason why Lockheed is only a participant in this plan rather than an investor is that Lockheed now has too many projects, which is like running water. The huge financial pressure makes Lockheed unable to spend money to develop new business. For Lockheed, the order of the Department of defense is always the first one. Their opponent Northrop will never give him a moment's breathing space. If the order of the Department of defense is lost by accident, the money invested by Lockheed will not be enough, The cost of manpower and time will be gone, so for them, it is the best choice to sell some technology to non competitive companies to get more capital.

After iridium announced its cooperation with Lockheed on the market, there was another bloodbath in the capital market. Naturally, Bill Gross will not miss this opportunity to kill his opponent. He used the maximum funds he could mobilize to short Motorola's shares. However, to his surprise, his rival, at & T, actually joined the ranks of short Motorola. At & T is retreating regardless of cost, Motorola, unable to balance iridium, became an outcast of capital. By the end of the day, Motorola's stock had plummeted by 27%, which was almost lower than that of KKR's leveraged buyout. A large number of speculators who speculated on Motorola's stock had been wiped out.

At this time, within the board of directors of at & T, the most important investors, Morgan Stanley and Goldman Sachs, can no longer bear the losses in the capital market. No one's money is coming from the wind. The funds of Morgan Stanley and Goldman Sachs come from the richest class in the United States. If they lose too much money, they will never be able to account to their customers. So this black pot naturally goes to the management of at & T.

Now the CEO of at & T is no longer the friendly Stephenson who was friendly to Yota communication at the beginning. Half a year ago, the board of directors of at & t changed. The untrusted Stephenson was kicked out of the board by the major shareholders and replaced with a trusted Jewish Abraham to take charge of the company. Although Abraham inherited the Jewish blood, he did not inherit the Jewish brain. He arrogantly wanted to bring Yota into his command, but he made Yota the biggest competitor of at & T. Now that Goldman Sachs and Morgan Stanley can no longer allow such a person to continue as CEO, they jointly launched a forced court campaign against Abraham.

"You idiot, you idiot, you drove away the important partners of our group, but you chose such an unreliable company as Cisco. Do you know how much money we have to lose every day since the lawsuit started... "At the board meeting, Abraham was scolded bloody by the board of directors of the company. After all, the CEO is still a wage earner. The company belongs to the shareholder. The boss can hold you up to heaven or throw you into the abyss.

"I'm sorry, gentlemen. I'll try to recover our losses. I have a new plan. We can cooperate with the European Conference of Posts and Telecommunications..."

"Shut up, you idiot. I'll see your resignation report on my desk tomorrow morning." The investor scolded rudely.

"But gentlemen, my shares, options and severance pay..."

"Get out..." the chairman looked at this idiot. He was so angry that he wanted to throw this guy down from the top of the building. Who said Jews were smart? How could this guy be placed in the position of CEO at the beginning.

After getting rid of Abraham, the board began to discuss the choice of CEO and the company's next plan. At this time, someone said, "I think we should invite Stephenson back. It's absolutely a waste to let him retire so soon. Now, we can only choose to continue to cooperate with Yota!"

"Stephenson and Yota's CEO have a good personal relationship, but now we go to ask Yota, is there any possibility of cooperation?" Someone asked in a worried way.

"Gentlemen, I think it's up to you to bring Mr. Stephenson back first. Even if we can't join the iridium project, we have to strive for the cooperation of Yota in the network solution market. Our network plan can't be promoted at all now. Cisco has too many troubles. I suggest that we don't continue to cooperate with them any more! " The Goldman representative said coldly.

"I agree!" The representative of Morgan Stanley raised his hand.

……

A few days later, at & T CEO Abraham announced his resignation, and former CEO Stephenson will take over the company again. The first thing Stephenson did after taking office was to announce the termination of the partnership with Cisco.

Before long, Bloomberg reporters found Stephenson in Cambridge.