Chapter 201 Breakthrough
Professor Andrew happily arranged people to implement Duke's achievements. For him, it was enough to have such an achievement. In addition, Duke's operating system performance has improved by one quarter. This was simply unimaginable before and should be very satisfied. You should not be too greedy in life.
Seeing that Professor Andrew was very satisfied, Duke finally breathed a sigh of relief and explained the matter. This time, in order to get this nuclear reaction simulation program, he spent a lot of effort and energy. He only faced the computer monitor for more than a month and worked for more than ten hours a day, which made Shu Ya feel a little resentful. This is not a matter of anything. It is really unreasonable to work so hard.
Of course, Duke couldn't explain to his wife that I was working hard to steal other people's source code, so he laughed off Shu Ya's complaint and said it was Professor Andrew's meaning. He could go home and have a good rest this time, and I guess he could calm down the beauty's resentment.
However, in the past month, too many things have happened outside.
First of all, after the first quarter report of Nokia Mobile Phones in 2014 was released, the market share of the mobile phone business fell again, and it continued to lose without any suspense. Moreover, it seemed that there was a trend of accelerating the company's cash flow loss. Cai Siqiang and Nokia finally entered in-depth negotiations. Nokia's senior management has realized that if no decisions are made, the mobile phone business will even drag down the system equipment business that seems very good now.
Once the cash flow is exhausted, the entire company will fall into a catastrophic situation. You should know that due to the poor financial performance of the company, the company's financing costs have begun to rise sharply, and the coupons for three-year corporate bonds have begun to soar to 9.8% from the previous 5.5% to 6.75%.
If Nokia is regarded as the Titanic, then the world-class scenery when it set sail has gradually disappeared. Now it is time to see the iceberg. If you don’t make a decision to turn, there is really not much time left before you touch the iceberg sinks.
Regarding this situation, Nokia executives now know that divesting the mobile phone business has almost become the only choice for the company to survive by cutting off its arms. Now, the deadlock in negotiations with SAL is actually the difference in the price of the transaction between the two parties.
Sal offers $5 billion, which is a full acquisition of cash, but Nokia proposes that if it is a full acquisition, the transaction price will be at least $6.5 billion. Thinking about the initial sale of Motorola's mobile phone business, the time was sold for $12.5 billion, Motorola's mobile phone business was far from Nokia's mobile phone business at that time. Now it is willing to sell for $6.5 billion, and Nokia's senior executives have already felt very frustrated.
However, when the World Yi changed, when Motorcycle was sold, it had billions of dollars in profits every year. In terms of patents, core patents were even better than Nokia mobile phones. In addition, Google was eager to achieve success at that time, so it acquired them at a high premium.
However, after the acquisition, Motorcycle's performance did not soar as Google imagined, but continued to look around with powerful opponents such as Samsung, Apple, and HTC. Life was not easy. Speaking of which, Google has no magic bullet in terms of mobile phones except the Andriod system, which can give wings to motorcycle mobile phones, so Motorcycle's performance was not very good after the acquisition.
For software companies like Microsoft that have always had an attempt to do with Nokia mobile phones but have not taken action, the Google acquisition case is probably a major reference. With this lesson, even if the cash flow is extremely abundant, if there is no effective solution to the current Nokia mobile phone problem, it is impossible to rashly take over a huge burden.
However, although Cai Siqiang, who already knows the situation of Nokia mobile phones, is also a little anxious, it is impossible for him to make concessions under such a good situation.
As I said, time is now on his side. Compared with the stock price that has been stimulated and improved by the stimulus of Piaotian Silk Network Equipment's performance and acquisition rumors, it has not only fallen back, but also falls by 5% compared to the previous one.
For Nokia's management, the stock price is the same as the company's financial performance, an important indicator that reflects the management's capabilities. In this situation, the management is under tremendous pressure. Faced with Nokia's poor performance, there have been many calls for a change of coaches in the market.
Just like this, the two sides talked about the stop and stopped. Several rounds of negotiations had been held in more than a month, but there was still no final result. However, judging from the other party's performance, Cai Siqiang had already strongly felt that the last moment was coming.
The news of negotiations between the two sides has leaked, so Cai Siqiang has officially put forward corresponding financing requirements to the city.
When I received the shocking news of Sal, the main city bosses were unable to believe it first. Whether it was Secretary Wang of the Municipal Party Committee or Mayor Huang of the Municipal Government, they immediately asked Zhao Heng and Zhang Zhanguo, two capable subordinates, to go to Sal to find out the real news.
This news is too sudden for them. You should know that Nokia is an absolute Fortune 500 company. It is already a big achievement for such companies to be able to invest in the city. Suddenly, even though Cai Siqiang emphasized that it is just Nokia's mobile phone business, it is also an important business for acquiring Nokia's business, with a sales revenue of over 10 billion US dollars a year.
After Sal confirmed the specific progress of the acquisition of Nokia's mobile phone business and obtained more accurate information, Secretary Zhao and District Mayor Zhang passed the news back to the system, the bosses at Rongcheng were suddenly excited. Although Sal and Nokia's negotiations are still in progress and the dust has not yet settled, it does not hinder the imagination of people in the officialdom.
If Nokia's mobile phone business is counted on Chengdu, what a big achievement will this be. Not to mention anything else, just pulling the relevant supporting industry chain, it may be hundreds of billions. Although it is a highlight in GDP growth, more importantly, Chengdu may become a major IT industry center in the country, and it can even be compared with Shenzhen, which has domestic leading companies such as Huawei and ZTE.
This is a new industry that has been built without fail. Even Mayor Huang, whose political prospects are already a little dim, will not be calm in the face of this huge temptation of political achievements, because if Sal really completes the acquisition of Nokia mobile phone and places its headquarters in Chengdu, this huge political achievements will be enough to support him to take another step forward. Of course, on the premise, someone who is capable of helping him.
Chapter completed!