Chapter 608

As a pioneering new Internet technology company, igritte has never had a corresponding case in the past. Therefore, when the financial report is published, the media generally evaluate the market value of igrit according to the profit margins of software companies such as Microsoft and Oracle.

As we all know, the net profit margin of the software industry can generally reach more than 20%.

The annual revenue of igritte company is 5.41 billion US dollars. According to the theoretical 20% net profit, it means that the company has a potential profitability of 1 billion US dollars.

In the past three years, only about 20 of the top 500 companies in the United States had net profits of 1 billion US dollars.

Considering that in 1993, igrit still maintained a revenue growth rate as high as 179%, if the company goes public, the price earnings ratio of 30 times is already very conservative, even if the IPO is carried out according to the price earnings ratio of 50 times is more than enough.

The potential profitability of US $1 billion and the P / E ratio of 30 to 50 times mean that the market value of igritte is between us $30 billion and US $50 billion. Whether the media concerned about the 1993 financial report of igritte or the Wall Street financial giants, the company's valuation is generally within this range.

The estimated market value of 30 billion to 50 billion US dollars, taking the median value of 40 billion US dollars, Simon's 90% shareholding in igritte has reached 36 billion US dollars.

Simon's shares in Cisco and AOL, on the other hand, were worth $65.9 billion at the close of March 7.

As a result, just holding shares in Cisco, AOL and igritte brought Simon more than $100 billion in personal wealth.

100 billion dollars!

That's close to Simon's $120 billion net worth on the Forbes list last year.

However, the three companies are far from all of the westero system.

Just in the field of technology, Simon is still a major shareholder of Microsoft, Intel, sun, Oracle and other enterprises, and absolutely controls Verizon Telecom and Nokia, two giants in the field of electronic communication.

The other three of the four women, Denise, melisandro and cersei, are all shining in their respective fields.

In addition, there are hundreds of other types of companies directly or indirectly invested or controlled by the whole westero system. No one can guarantee whether these enterprises will suddenly transform into giants like Cisco, AOL and igrit one day.

According to Simon westero's investment vision, which has been proved many times, this is almost inevitable.

So, what's the value of Simon westero's personal assets in all other fields besides $100 billion?

From Denise entertainment.

The comprehensive entertainment giant, which will formally submit its IPO application next month, is estimated to have an IPO value of $40 billion. With Denise Entertainment's strong position in Hollywood, its market value after listing is certainly high.

Simon westero still owns 100% of danielis entertainment, which is directly $40 billion.

The other two women, cersei capital, if the estimated value is only part of the equity belonging to Westeros, the total value is enough to reach 10 billion level.

Another $10 billion.

After several years of rapid growth and continuous expansion, melisandro, a comprehensive luxury giant that has been rooted in Europe and does not have a strong sense of existence in North America, has also entered the market value threshold of 10 billion US dollars by relying on a series of brands such as Gucci, CK, lato, Christie's and van cletta.

Another 10 billion dollars.

Nokia, which will release its 1993 results later in March, has a market value of 8.6 billion pounds, or 13.3 billion dollars, in London on March 7. Westero's current stake in Nokia is 78.3%, with a total value of $10.4 billion.

It's still 10 billion dollars.

Verizon Telecom, which is wholly owned by Westeros, relies on the strong expansion of the mobile communication field. Referring to the general sharp rise in the share prices of telecom enterprises in recent two years, its market value is conservatively estimated to have reached US $15 billion.

That's 15 billion dollars.

In addition, Microsoft and Intel are catching up with Cisco, AOL and igritte in the North American technology stock market. Due to various equity changes, westero's shareholding in Microsoft and Intel dropped slightly to 20.7% and 14.5% respectively.

The market capitalization of the two companies on March 7 was $43.1 billion and $32.9 billion respectively, with Simon holding a total value of $13.7 billion.

As a result, danelis, melisandro, cersei, Verizon, Nokia, Microsoft and Intel are conservatively estimated to have contributed nearly $100 billion to Simon.

All in all, it's 200 billion dollars.

Roughly offsetting other assets and debts of Westeros, whether explicit or implicit, according to various data in March 1994, Simon has become a global leader. I have to say that although David Merlot's article has brought embarrassment to the White House and made the public see the division within the Democratic Party, it also directly aims at the "seven weaknesses" of Westeros in the Internet industry Inch '.After David Merlot's statement, many candidates in other states began to play the card of restraining the westero system, including candidates from both democratic and Republican parties. Because many candidates are current members of Congress who are seeking re-election, similar statements soon develop into practical actions.

While lobbying or pressuring the Federal Department of justice to initiate an investigation, David Merlot also tried to form a special investigation committee of the house of representatives with a group of members to launch an investigation specifically against the suspected industrial monopoly in the westrow system.

Due to the public opinion, all the bills that the westero system is trying to promote are stalled. Most members are seeking re-election at a sensitive moment, and no one dares to support the westero system and give them a handle.

Moreover, this kind of targeted investigation is already mild.

Left wing Democratic congressman Craig Ames of Wisconsin even said that he would seek to enact a special tax bill to levy a certain proportion of annual asset tax on the super rich with more than $1 billion of personal net assets, so as to balance the gap between the rich and the poor.

Craig Ames also made a special statement that the asset tax rate of the $1 billion super rich is 0.1%, that of the $10 billion class is 1%, and that of the $100 billion class is 5%.

According to this kind of tax rate, the 0.1% asset tax of a billion dollar rich actually only needs to pay $1 million, which is basically dispensable. The 1% asset tax of the 10 billion rich is only $100 million, which will not hurt their bones.

It's the turn of the hundreds of billions, with a fortune of $100 billion, who need to pay up to $5 billion in asset tax every year. Once this tax bill is passed, the federal government may have to collect all the income generated by the personal assets of the hundreds of billions, and even more seriously, they may have to sell their assets or make loans to pay for it.

Therefore, the 5% tax rate is obviously not a random figure thrown out by a certain senator.

If we increase from 0.1% and 1% to 10% in turn, we really can't afford it. After all, most of the super rich are stock assets that are difficult to convert in the short term.

What's more, as we all know, Simon westero is the only one of the 100 billion dollar super rich in the world at this stage.

Based on Simon's $200 billion personal wealth at this time, once this special "asset tax" is really launched, he believes that igritte and Oracle do have technical cooperation, and he does not deny that both companies belong to the westrow system.

However, this kind of cooperation between the two sides began in 1991, when the Internet industry was just in its infancy, and igrit was just a budding start-up company with no industry advantage. The two companies jointly invested a lot of manpower and capital in technology research and development, just to better combine igrit's World Wide Web technology and Oracle's database software, and the fundamental purpose is to promote the rapid development of the Internet industry.

Because of this cooperation, Oracle's database software is more adaptable to the world wide web technology environment, which is the result of the joint efforts of both sides. Other Internet companies use Oracle's products mainly because the company's software is more suitable for the world wide web technology environment, in which there is no forced purchase behavior, but a natural market choice.

Informix and Sybase's accusation that igritte refused to adapt its database software is even more untenable, because software adaptation requires cost, and igritte has no obligation or strength to take the initiative to adapt technology for all software manufacturers. This absurd requirement is like a family being asked to prepare a set of rest room for all passers-by in front of their own house Between.

Moreover, Oracle's database market share in the Internet field is only 75%. There are many other outstanding database manufacturers in the industry, including Informix and Sybase, which have their own positions in this emerging field.

All in all, Informix and Sybase blame their failure on the lack of cooperation of other companies to help themselves, which is a kind of rogue behavior that hopes to get something for nothing.

Most of the traditional paper media can only affect one city and one place.

The influence of igritte portal has spread all over the world. Therefore, after the publication of this front page article of igritte portal, most of the public began to favor Oracle and igritte psychologically.

In addition to this lawsuit, a small telecom operator named setel communications in New York State jumped out and accused AOL of violating the principle of free competition by signing a 10-year exclusive Internet access service agreement with three regional operators in 1990, which was obviously suspected of monopoly. Therefore, it protested to the FCC (Federal Communications Commission) and asked the FCC to intervene in the investigation and publicize This agreement is invalid.

Cisco has also been accused of a patent lawsuit against a Michigan router start-up in a disguised way to prevent it from supporting local telecom operators, thereby removing obstacles to AOL's expansion in the Great Lakes region.

The powerful influence of igritte portal in news and information business has been mentioned by traditional media again. The Houston Daily Star in Texas believes that the wide public opinion influence of igritte portal has affected the freedom of speech and should be suppressed. At the same time, the three portals with the highest market share in the Internet field at this stage, igritte portal of igritte, AOL portal of AOL and MSN portal of Microsoft, have obvious equity interests. The three companies are all enterprises in the westero system. Therefore, FCC should bring internet media into the jurisdiction of "cross media ownership ban" as soon as possible.Even the dual ownership structure of Cisco and AOL has become the focus of some politicians and media attacks, believing that the dual ownership structure infringes the equal voting rights of shareholders.

And so on.

With all kinds of accusations against Cisco, AOL, igritte and many other companies in the whole westero system emerging all over the United States, the top management of westero system is even too lazy to respond to them.

At the end of the day, the igritte portal simply issued a statement.

Since the end of the 1980s, in order to develop the Internet industry, all the subsidiaries of the whole westero system have invested more than 10 billion US dollars.

Because of this kind of sparing no effort investment, the federal public can use ADSL broadband network in just a few years, and can enjoy free news information, e-mail, social network and other convenient services on the Internet platform, thus creating a new Internet era.

Some enterprises or individuals who invent a brand new product can be protected by the Federal Patent Law and earn a lot of profits, which is reasonable and legal.

Westero system has created the whole Internet era with its own efforts, and actively opened a large number of patents to other entrepreneurs for free to join the world wide web platform. It is expected that it will bring trillions of social output value and tens of millions of new jobs to the Federation in the future.

Then, to enjoy the reward brought by this effort should be completely reasonable and legal, rather than being labeled as a monopolist.

For those enterprises and individuals who attempt to infringe the legitimate rights and interests of the westero system by means of malicious litigation, illegal investigation or even ^ *, westero system will fight to the end and never compromise!