This trading day, Apple's stock price was still falling.

The opening price was $5.47, and it fell below the $5 mark within an hour of opening. In the afternoon of local time in the United States, a technology media officially revealed that Jobs resigned from his position as Apple's eO. Once the news was announced, it once again caused market panic. The stock price fell sharply in a short period of time, and the stock price fell to a terrifying low of $4.23.

In order to restore the decline, Apple issued an emergency announcement. In the announcement, Tim Cook, who was in charge of sales management in Apple, took over Jobs' position and became Apple's new eO. It also said that Tim Cook, 43, worked at ibm and Compaq for many years and joined Apple for five years. He has strong personal abilities, strong qualities, and knows Apple well, and will lead Apple out of the haze.

Jobs highly recognized Tim Cook. Five years ago, Tim Cook joined Apple, which was invited by Jobs. In recent years, Jobs has always trained Tim Cook as his future successor. At this time, Apple gave it to save the situation, and no one who is familiar with Apple was surprised.

However, consumers did not expect Tim Cook to report too much, and Apple's stock price rose slightly and finally closed at $4.53.

Another day of slaughter.

The stock price and market value shrank by 17% in one day, making people feel cold.

After the end of this trading day, Apple's market value was only US$4 billion. Although all the actual negative news has been released, if Apple has been unable to find a way to save the decline in its business line, as investors' confidence continues to lose, Apple's stock price will continue to fall for some time in the future.

This decline is like cutting a dead body with a blunt knife, and it will inevitably be a long-lasting and endless pain and nightmare.

...

The first thing Louis Martin did after arriving at the hotel was to have a conference call with Sequoia headquarters immediately. Sequoia was very concerned about Li Mu's every move at this time, especially because they felt that Li Mu might have plans to launch a multi-billion dollar commercial acquisition, so they were even more eager to know what Li Mu was thinking.

Louis Martin reported the entire process of meeting Li Mu today to the Sequoia board on the other end of the phone. Finally, he concluded: "Although I don't understand what value apples are for Muye Technology, Li Mu's determination to eat apples is really strong. Whenever he talks about privatizing apples, I can feel his excitedness."

Sequoia's senior executives said in surprise at a big shot who is most proficient in capital operations: "What did Li Mu like about Apple? Apple's product line that really makes money has been instantly killed. Now Apple is a mess. If you compare all its business line orders with Muye Technology, you will find that Muye Technology does not need Apple at all;

Apple's unique business lines will not help Muye Technology's existing industries, and its profitability is very weak, and the continuous R&D costs are very high; while the overlapping parts of Apple and Muye Technology will be a cumbersome for Muye Technology in the future. Even if Apple is now privatized and acquired by $5 billion, there is a valuation of at least one billion US dollars in it. Implod and Itunes are counted in the two industrial chains. What is the point of Li Mu buying these two industrial chains back?"

All the Sequoia top leaders fell into silence.

No one can figure this out.

Why did Li Mu buy apples?

With Li Mu's shrewdness, it is impossible to see the pitfalls here. Acquiring Apple means buying back a huge, profitable mess. When Li Mu buys Apple, it is impossible to keep itunes and ipods, otherwise it would be a fight with himself, but itunes and ipods have nothing to digest. He can only buy it and put it aside, which is a waste of money.

As for Apple's other business lines, it is indeed meaningless.

When the chairman of Sequoia was puzzled, he suddenly asked: "Is it possible that Li Mu acquires Apple for some strategic layout? Or to clear obstacles in the future of Muye Technology? We cannot stay at our level to measure Li Mu. This guy usually has a long layout. It may be of no use to acquire Apple for him at the moment, but it will be of great use in the future."

"It's unlikely." Louis Martin said: "I've carefully studied Apple's current business line. In addition to ipod and itunes, the rest is the ma computer business. The sales of ima-g4 are not very good, and the market share of the maos operating system is pitifully low. Now Microsoft is taking the blame again. The ma business will inevitably be affected even more in the future. Even if Apple belongs to Li Mu, it will be difficult for Li Mu to build the ma business line."

After saying that, Louis Martin said again: "I would like to remind you that Li Mu has actually invested in a computer manufacturer named Shenzhou in China, and has promoted the government to introduce a policy that benefits the people to the Internet. This policy is intended to accelerate the increase in the number of netizens in China and the number of terminals connected to the Internet. It is equivalent to Li Mu helping Chinese consumers overdraw their home computer budgets in advance. Even if he gets maos, it will be difficult for him to promote maos to the Chinese market."

Li Mu's willingness to take down the apple is extremely strong. Not to mention Sequoia, even if Apple knows it, it will not be able to guess what Li Mu intends.

In Li Mu's view, the apple is now a uranium mine where atomic energy has not been discovered. People only see the value of its land, but they cannot see the wealth contained in the underground. Therefore, the valuation given to him is also measured by the price of the land. However, once a day atomic energy is discovered, the price of this land will break through the sky.

The "atomic energy" that Li Mu expected is one of the mobile Internet and the other is smartphones. Mobile Internet is the general trend, and smartphones are the key link in Apple's transformation.

Until Li Mu was reborn, no company in China had the ability to develop a truly useful operating system, whether it was a computer or a mobile phone. However, Apple has this technical background, and it even has a maos system now. This thing is iOS's mother, but she is still a yellow girl today.

Li Mu firmly believes that as long as he gets Apple before the mobile Internet era arrives, the maos system will naturally become his own pocket. The rest is to give Apple engineers a salary increase as a whole and let them develop an ios system on the maos system.

By that time, it is probably that the commercial behavior of Muye Technology in acquiring Apple will become the most successful acquisition in the history of human enterprises, no doubt.

Thinking about the fact that the investment of billions of dollars can support the market value of hundreds of billions of dollars in the future is definitely an unprecedented operation and no future generations.

Chairman Sequoia didn't understand Li Mu's idea. He smacked his lips and said, "We won't study why Li Mu wanted to acquire Apple for the time being. What I am more concerned about now is how Li Mu is planning to acquire Apple. He doesn't have so much disposable cash in his hands and the funding gap is still large. Does he have a plan to refinancing?"

"No." Louis Martin poured cold water on the chairman and said: "Li Mu has made it clear that IPO is not planning to refinance before. At this time, financing is equivalent to enduring huge disguised losses."

Chairman Sequoia smirked: "It doesn't matter if you don't raise funds. The key is that you can't just buy Apple, right?"

After saying that, he added: "It is basically impossible for Li Mu to get billions of dollars in cash now. Muye Technology has not been listed, and most of the valuations are virtual assets. The net assets account for too low, which is not enough to support billions of dollars in loans. Moreover, when the company is not listed, even shares cannot be pledged. Who would give him so much money? The redundant funds on Taobao are worth up to hundreds of millions of dollars in total. Moreover, China has foreign exchange controls, how can he exchange this money for US dollars and then take it to the US market? If Li Mu wants to raise tens of billions of RMB in China and then exchange them for US dollars, it would be almost a daydream! Li Mu wants to acquire Apple without financing. Money is not the fundamental problem, foreign exchange is the biggest key!"

Louis Martin said: "I wonder about this. What Li Mu means now is to ask me to help his team prepare for the acquisition, and then negotiate with Apple. He did not tell me how to pay after the negotiation was successful."

Chairman Sequoia said: "This is how you go to help, it's not a waste of time. After you meet Li Mu tomorrow, you will give him a cooperation plan. Sequoia is willing to borrow $3.6 billion for Muye Technology without interest. This money can be paid back after Muye Technology succeeds. If Li Mu does not want to IPO in the short term, the time can be limited to three years, but the condition is that Muye Technology will dilute the shares of three points to us at a valuation of $80 billion. In this way, he only needs to sacrifice three points to get $6 billion in cash to acquire Apple."

In the opinion of the chairman of Sequoia, the reason why Li Mu is unwilling to raise another round of funds is nothing more than that he does not want to dilute shares. If Li Mu wants to raise 6 billion US dollars now, the shareholders of Muye Technology will have to dilute at least 7-8 points collectively. If Li Mu dilute so many shares at this time, Li Mu may not agree to anyone who is Li Mu, but everything can be negotiated. Since you think it is too much for 7-8 points, then I will ask for a little less. You dilute three points of shares and give me $2.4 billion, and then lend you $3.6 billion to use it slowly. This is always very interesting, right?

Sequoia has a lot of hot money in its hands and is always looking for various investment projects. Most of this money is private equity funds. As long as Sequoia promises a rate of return, it can use this money to do venture capital around the world. Top-notch capital like Sequoia has strong capital operation capabilities and a wide range of eyes, so the money behind it is so much that it can be as much as you want. Today, it is about to lend Li Mu $3.6 billion, and countless people will come to their door with $36 billion at night.

Sequoia also has to pay interest rates when it gets $3.6 billion, but the reason why it is willing to lend it to Muye Technology without interest is mainly to use $2.4 billion to invest in the three shares of Muye Technology. Even if it is diluted after the iPo, it can be worth at least $400 billion. If it is held for a long time, the potential benefits will be greater, much greater than the interest that $3.6 billion will be lent to Muye Technology for several years.

Louis Martin naturally understood the chairman's intention. Since he couldn't bite a large piece of meat, he would give some other benefits after taking a small bite. Is this OK?
Chapter completed!