"Crack, Crack--"

“...About matters, we filed a preliminary proxy statement with the Securities and Exchange Commission.

After careful evaluation of the seven director candidates for each major nomination, the Company Supervision Committee believes that these nominations do not conflict and will bring additional skills or expertise to the Qualcomm board of directors.

At the shareholders' meeting on February 6, 2009, there were seven changes in the current 11 directors of Qualcomm's board of directors, namely, Samie Erhaji, former president of Nokia Mobile Networks Business Group, Gregory Oreyes, former chairman of Dialog Semiconductor, and CFO Hariyu, Liberty City Technology Holdings Company...

At the proposal of the Company Supervision Committee, the company's board of directors unanimously decided to formally elect Andy Smith as chairman of Qualcomm at the annual shareholders' meeting held on February 6, 2009.

Andy Smith, born in 1984..."

The spokesperson of Qualcomm Company stood on the rostrum, facing hundreds of media reporters from the audience, and officially announced the resolutions and election results generated at the Qualcomm shareholders' meeting.

“…Qualcomm is in a good position than any other business in areas such as mobile, internet, automotive, edge computing and networking. We believe we can create more additional value for shareholders.”

With the summary statement of the spokesperson, the Qualcomm acquisition case that had caused a lot of controversy for several months was completely settled, ending with Andy Smith's control over Qualcomm at a very small cost.

It also marks that from today on, Qualcomm, a leading company with an unshakable position in the field of mobile phone chips, has officially entered the Andy Smith era.

There is such a company...

Ordinary people may have never seen its products...

But I pay it every day...

It is the most "hateful" company in the communications industry...

Almost all companies grit their teeth at it...

It is also the most lawsuit-ridden company in the industry...

Not suing others...

Just being sued by someone else...

Why do everyone hate Qualcomm?

Why is Qualcomm hated or even afraid of the entire industry?

After all, it is all because of "patent".

Andy sat in the chairman's office, feeling extremely excited. It was not to finally sit on the chairman's throne, but to see Qualcomm's asset list and feel that she is really sitting on a super gold mine!

Qualcomm actually has a reserve of 130,000 patents in the field of communications, not only including the chip field, but also involves mobile communications and even the necessary technologies to realize many basic operations of smartphones.

In particular, whether the smartphone uses Qualcomm chips or not, it inevitably uses the necessary patents developed by Qualcomm, and with the help of Qualcomm's R&D results, it is inevitable that Qualcomm will need to pay patent fees.

"Tsk tsk, is this what those mobile phone manufacturers call "Qualcomm tax"?" Andy's eyes shone, and he casually looked at the stack of list files in his hand, and said to himself happily.

According to Qualcomm's patent licensing rules, mobile phone manufacturers must pay a certain proportion of authorization fee to Qualcomm based on the price of the mobile phone.

Of course, this charging method is not a invention of Qualcomm, because in a long-term practice in the current communications industry, Motorola, Ericsson, and Nokia all use the mobile phone price as the benchmark to determine the licensing fee.

However, it is precisely because of Qualcomm's "dominant" approach to taxation that has caused dissatisfaction with Qualcomm by various governments, so they frequently initiate antitrust investigations on Qualcomm.

In 2005, Broadcom, the United States launched an antitrust lawsuit against Qualcomm and finally reached a settlement, and Qualcomm paid nearly $900 million to Broadcom.

In 2007, South Korea conducted an antitrust investigation into Qualcomm, and the lawsuit is still underway...

In the same year, the European Commission conducted an antitrust investigation into Qualcomm based on reports from six companies including Nokia. There is also no conclusion yet and is under negotiation.

Andy looked at the antitrust investigation materials from South Korea and the European Commission sent by Steve Molenkov, threw them aside and sneered.

Andy understands and is very clear about the ideas of these countries, but since Qualcomm has become its own company, he will naturally not bow to these jealous countries.

Isn't it an antitrust investigation? Isn't it a fine?

OK, I would rather go to a lawsuit and pay a fine than bow my head to these countries. This will not only make a bad head, but will also affect the patent authorization and reverse authorization model that Qualcomm relies on for survival.

You know, when I saw the reverse authorization clause for the first time, Andy was shocked, shocked by the shamelessness of Qualcomm's group of people.

The so-called Qualcomm reverse authorization clause means that anyone or company who uses Qualcomm products needs to license the patent in their hands to Qualcomm and others who use Qualcomm patents for free.

That is, books, to a certain extent, Qualcomm made other people's patents a piece of waste paper.

Andy didn't know how shameless and greedy the person who came up with such a clause was, but now Andy really wanted to say to him that it would be so great to think of such shameless clauses!

Because Andy knows better than anyone else that the true core of Qualcomm is chip technology and huge patent barriers. As long as they firmly grasp these two killer weapons, even if they grit their teeth in hatred, they will have no choice but to take Qualcomm, because Qualcomm's patents are too many and so important that they can't avoid them.

"Ding--"

Andy glanced at the answering machine on the desk, reached out and pressed it, and the little assistant's voice came.

"Boss, Steve Molenkov has arrived..."

"Please come in."

"Okay, boss."

After releasing the button, Andy reorganized the files in his hand and placed them on the tall stack of documents beside him. He took a breath and looked at the piles of documents beside him that had not been seen before, and couldn't help but shake his head and laugh.

Although he can grasp all the situation without doing everything himself, he will never be the chairman of the decoration. How could Qualcomm, who has taken over with ambition, become a hand-off manager? What's more, he now only holds 26% of Qualcomm's shares.

To complete the annexation of Qualcomm, Andy's follow-up plan is equally important. The first step of taking over has been successfully achieved. The next step is to complete control of Qualcomm step by step, and to disintegrate from within the company, and use every opportunity to increase his personal shares. As long as he holds more than 51%, all the constraints that can hinder him will disappear now.

"Dongdong--"

"Please come in!"

"Chairman."

"Sit down and tell Tori what to drink." Andy smiled and nodded and motioned for Steve Molenkov who rushed in.

"Thank you, just coffee." Steve Molenkov saw two piles of documents placed on Andy's desk. After watching Andy put the documents he had seen on the small pile of documents, his pupils shrank slightly, and he said to Tory Black, the assistant chairman standing beside him with a smile.

"Just just now, I received a congratulatory call from Apple Cook. In addition to congratulating me on becoming the chairman of Qualcomm, the other party also told me that Apple decided to reach a settlement on the previous lawsuit. I agree, and the follow-up of this matter will be left to you." Andy put the documents down, and looked at Steve Molenkov with a faint smile on his face and said.

"Reconciliation?" Steve Molenkov frowned slightly, murmured, nodded and said, "A lawsuit with Apple will lose in the end because they cannot provide evidence. It is completely unreasonable and will be fined. However, we are still in a cooperative relationship with them. If we really want to lose this big customer because of this, it will be a little more cost-effective. Perhaps this is the best solution."

"Well, I think so too. Apple's smartphone business cannot avoid us anyway. There is no need to be hostile to Apple, which has led the trend. Everyone is just to make money." Andy nodded and smiled, but he smiled the next moment and said with a serious expression: "However, you cannot give in when dealing with Apple. Even if our two companies have reached a settlement now, in the future, with Apple's dominance, we will inevitably be hostile to them again. You must know this in your heart."
Chapter completed!