Chapter 210：

, The latest chapter in the latest global monopoly of technology!

Yao Jianhong returned from North America and was officially promoted the next day. He was appointed as the global executive vice president of the Cote d'Azur and became the number two person after Luo Sheng at the core management of the company.

Originally, according to his treatment, 0.2% of the shares of the Cote d'Azur company would have to wait a few years before it could be converted into real shares, but because of his outstanding contributions, he was exceptionally made a real shareholder of the company in advance.

In addition, he also entered the board of directors of the Cote d'Azur Corporation and became a director. In core management positions, he became an executive vice president, general manager of supply chain, global president of sales and service, and director of the semiconductor business unit. .

The Cote d'Azur company currently does not have a major new plan. It has initially opened up the situation. The first task is to consolidate the market and do a good job of selling. It is the first task to make money and then pay off the company's debt. Finally, the remaining profits will be invested in new ones. R & D plan.

Especially the semiconductor business sector, which requires tens of billions of budget investment, is really not fun without money.

Don't look at the high profitability of Azure series smartphones, but in order to avoid being stuck in the core technology and key supply chain by foreigners in the future, you must embark on a road of self-reliance on technology. This road requires countless funds. Paving the way forward can lead to a path of independent research and development that is not controlled by others.

Such a development path requires high profits to maintain support, and it does not happen overnight.

In the following days, the azure coast company will operate as planned, and the R & D team has begun to enter the subject demonstration and R & D phase of the next generation of products. The considerable sales have brought about the continuous withdrawal of funds. Naturally, the financial abundance will not let the money lie in the account. It does not move, but invests in the development of new products.

...

The time came to August, Bluestar Technology Headquarters.

"General Manager Luo, the company's semi-annual report (the second quarterly report) has been audited." Zhang Bowen came to Luo Sheng's office and gave him a copy of the material for approval.

"How is the income? How much has the haze of the subprime crisis affected the company's performance?" Luo Sheng took the material and said, and opened it for review.

Zhang Bowen replied: "Basically the stock market is sorrowful, and the European stock market has plummeted across the board, but it has not affected the IT industry so far. After all, the relationship between the two is not large, and the company's performance in the second quarter Good, even strong. "

According to the Bluestar Technology Group's global business audit results, in the second quarter of 2007, the total revenue of the group company was 7.39 billion US dollars (56.2 billion yuan), an increase of 199% year-on-year and a 13.2% month-on-month increase. Billion US dollars, an increase of 325.5% year-on-year, and 11.27% month-on-month, in line with the expectations of Wall Street analysts.

The company's cash flow reserve is $ 15.7 billion.

"Not bad, let's post it this afternoon."

Luo Sheng quickly approved the title of the book and sealed it. He closed the material file and reposted it to Zhang Bowen, adding: "The North American subprime turmoil will not affect the IT industry, but if the subprime turmoil causes systemic issues worldwide, In the financial turmoil, no one can stay out of it, and large multinational companies like us are no exception. "

Bowen Zhang nodded: "Understand that the operation department has already done a good job in preventing this risk."

In fact, the precautionary method is very fool-style, and reserves cash.

There is no food left in my home, so I don't panic.

Bluestar's second-quarter audited financial report was subsequently announced. By the next day, the company's stock rose sharply, and the market value of after-hours transactions hit a record high of 168.3 billion U.S. dollars.

In the sorrowing environment of the financial industry, the trend of IT technology stocks has not been dragged down by the broader market, but has unexpectedly risen against the trend. Most IT giants have seen their market values ​​soar, with the only exception being that they are firmly seated The top Microsoft company is falling.

At present, among the world's top five IT listed companies, Microsoft continues to dominate the rankings with a total market value of US $ 269.4 billion, followed by Cisco all the way to US $ 193.4 billion and second place, and Bluestar Technology ranked third with US $ 168.3 billion.

Google is close behind, with a market capitalization of $ 151 billion.

Intel ranks fifth with a market capitalization of $ 150.4 billion.

IBM has fallen out of the top five.

During this time, even Amazon's market value doubled, reaching a market value of $ 33 billion.

It can be said that IT technology stocks are in sharp contrast to the current stock market situation, but Luo Sheng knows that it will not be long before the entire world economy has collapsed, and the IT industry cannot be spared. Basically, it is good for Microsoft or Google Even if Bluestar Technology is incapable of going back to the sky, the market value will be cut.

However, for Bluestar Technology, which holds more than 10 billion US dollars in cash reserves, it is a good thing. Luo Sheng is thinking about a wave of repurchases when the stock price reaches a trough.

Only with cash in hand, and enough cash to survive this difficult period, otherwise, even if it is not destroyed by this financial turmoil, it may be copied.

...

New York, hedging hedge funds.

When Michael Barry came to the company on time to work, the employees sitting in the grid in the office area looked at him, and Michael's assistant courageously said, "BOSS, two mortgages under Bear Stearns. Hedge fund declared bankruptcy, AHM filed for bankruptcy protection ... "

"The prelude to the harvest has begun, and we still win after all ... It seems the economy is about to collapse, so let's start selling it, $ 4.2 billion." Michael faintly entered his office with such a word, and couldn't help it Looking at the whiteboard hanging on the wall, a string of negative numbers was written on it:

-19.9%

The successor fund has hit nearly a fifth of losses so far. Michael silently glanced at the negative numbers on the whiteboard and ignored them. The negative numbers written on the whiteboard were outdated.

Sitting in the desk, pulling out the keyboard and tapping on it for a while, then the landline phone sounded, Michael picked up and connected the phone, and a voice came from inside:

"I'm Debor Winston at Goldman Sachs. I'm evaluating your credit default swap and I want to confirm if the value is reasonable."

"Wow, you mean you already jumped into buying short positions yourself? Great, I can finally evaluate my credit default swap, which is good for Goldman Sachs after all." Michael said calmly, but said in his At the end of this remark, the corners of his mouth can't help but raise his mouth. Now everyone has to buy default swaps to protect themselves. The market has completely tilted to him. This time is the best time to cash out.

"I don't understand what you want to hear ..." Debor Winston replied with a puzzled look.

"OK ... I think you already said it." Michael responded with a smile, then ended the communication, and then smiled brightly.

He is not in a hurry, Goldman Sachs can survive, Michael firmly believes that Goldman Sachs can definitely survive this crisis and is very nourishing, because in this storm, Goldman Sachs sold its own subprime assets and incidentally drained other investment banks. Blood to fill your own deficit.

After a while, Michael redialed a phone call to Reagan: "This is a pass-through hedge fund. I want to sell a default swap."

"Which default swap?"

Michael: "Debt-backed bonds of AA-level asset-backed securities."

"What is the nominal value?"

Michael: "The book is $ 300 million."

"Well, we will pay you $ 60 million."

Michael: "No, no, I want $ 150 million."

"We may not be able to reach an agreement, which is difficult to reach consensus."

Michael: "OK, $ 145 million."

"$ 120 million."

Michael: "$ 140 million."

"$ 120 million."

Michael: "$ 137 million."

"$ 120 million."

Michael: "$ 133 million, this is my last bottom line."

"Well, $ 133 million."

The communication ended quickly. The transaction was actually very complicated, but in short, Michael bought a credit default swap of $ 1,500, and the current nominal value is $ 300 million. He now sells it for $ 133 million, and what he gets is real. With real money out, profits exploded.

Michael continues to dial the contact information of the next bank ~ www.novelhall.com ~ Here is the successor fund, we want to sell credit default swaps ... "

"What is the nominal value?"

"$ 208 million."

...

In the following days, it is said that hedging hedge funds, including Paulson hedge funds, have started to successively trade credit default swaps in their hands. This is also the part of playing heartbeat. Their big shorts are leaving the market. The transaction must be completed before the bank goes bankrupt, or they will explode with the bank.

Once the bank goes bankrupt and there is no money to pay, Michael's investment will follow.

However, these big shorts are desperate for their time. Although some may be missed and lose, they lose one or two innocuous, because the contract is more than one or two points, and it is not a gamble with a bank.

Eventually left the field safely, and earn a lot of money.

...