Chapter 1148 Moisturizing Things Silently
He raised it up high, put it down gently, and finished disposing of the two important managers under the company. Sure enough, the next day, the good news that Jim Clark tried his best to paper up and the boasting of technology hero Mark Anderson on various occasions followed the Netscape Corporation. The financial report of the huge loss in the fourth quarter melted like ice and snow, and the stock price completely lost its support, and it plummeted as soon as the market opened.
"It's broken below the $67.50 we sold last time!"
"Five characters!"
"Four initials!"
It was too fast, Song Ya and O'Grady yelled at each other on the phone, watching Netscape's market value drop by 40%!
"True M-FXXK stimulation!"
Song Ya was able to look away from the K-line of the Bloomberg machine until he repeatedly scrambled at the 40-dollar mark, "Jim and the others must have left early, right?"
"Jim ran a part, and a small amount of options for senior executives such as Mark Anderson and Baxter also exercised some time ago."
O'Grady replied.
"SHXT, will they be accused like this?"
The financial report is issued by the company itself, and of course it can be controlled with accounting techniques. The Q3 and semi-annual reports are very good-looking, but what happened to the Q4 and annual reports suddenly? The revenue of a large company would not have such a cliff-like collapse, Song Ya sighed, "They are so courageous!"
"As long as the sale of stocks is legal, it's fine if the financial report generation process can't be grasped."
They are all professional, O'Grady said with a smile: "Jim and the others should not be so stupid to leave evidence for the outside world. Of course, investors who have been kept in the dark will definitely not do it. The performance of APLUS and the Internet sector today has been dragged down. In fact, Netscape looks like a normal company, and the operating income of many other Internet stocks is so low that it can be ignored... Shall we sell some of it?"
"Well... I'll take a look again." Song Ya began to check other Internet stocks such as YAHOO that she still held.
"You're mentioned in the news, watch CNBC!" O'Grady yelled.
"Did APLUS liquidate all Netscape stocks last year?" CNBC's financial column guest was looking down at the documents.
"Yes, it's cleared. Before the Q3 financial report came out, the price was $67.50."
The host replied: "After Netscape's Q3 financial report came out, the stock price rose a little bit.
At that time, some people laughed at APLUS. His earlier selling price was around $135, and he was also ridiculed, because the stock price immediately rushed to a high of $170. "
"As Mr. Buffett said, don't care about short-term fluctuations in stock prices. Be fearful when others are greedy, and be greedy when they are fearful. Right?"
The guest laughed and said, "It seems that it is not unreasonable for APLUS to be invited to lunch by Mr. Buffett. His fortune is not entirely due to luck."
"In short, Netscape's management is in trouble now. It is rumored that many investors and investment institutions will launch a class action lawsuit against them for false disclosure. The main reason is that last year's third quarter financial report and semi-annual report are too different from Q4... etc. wait!"
The host held back his ears? "Netscape President Baxter just issued a response. He claimed that the loss in Q4 and the decline in market share were mainly caused by Microsoft's unfair competition. They bundled the free IE browser Barabara in the operating system... ..."
"Everything turns to Microsoft."
Afterwards are some unnutritious clichés? Looking back? Because the timing of several shots just happened to have no place to be questioned? Turned off the TV and sighed: "Looking at Netscape now, the only way to make a miracle comeback is to sue Microsoft."
"As long as this concept exists, Netscape will not be worthless before the court makes an unfavorable judgment."
O'Grady's analysis: "So someone is picking up money around $40."
"What do you think? Do you want to buy more?" He asked on a whim.
"No? Microsoft won't be happy."
At this time, if I go back to the carbine to take over Netscape, I am likely to be hyped by Jim Clark. Song Ya is now eager for Netscape to lose the lawsuit? After all, 3DFX has already deeply bound and cooperated with Microsoft? The law firm has used the PGE of the richest father.
3DFX also just released its Q4 financial report and annual report? But Netscape stole the limelight? Is this a good thing? Because 3DFX’s profit last year was also significantly lower than expected? Seduced by this major benefit, the stock price was barely stabilized.
"By the way, the annual report and shareholder report of Buffett's Berkshire Hathaway have also been released? You can study it."
O'Grady hung up the phone.
"In 1997, the net value of the company increased by US$8 billion? The net book value per share increased by 34.1%...the compound annual growth rate was about 24%..."
"Twenty-four percent... Didn't outperform the NASDAQ market, oh stock god? Hee hee... learn from me to invest more in the Internet."
Then I looked at the stock price performance of Netscape and YAHOO day by day with relief? Song Ya was complacent, and found Buffett's shareholder letter to read, "Huh?" After reading the full text, he found that the old man chatted at the dinner table Disney.
Wasn't it like this before? Song Ya remembers that in Berkshire Hathaway's shareholder report in 1995, Buffett talked at length about the merger of Disney and Metropolis/ABC, with a bit of smugness that couldn't be concealed between the lines.
Starting from his insightful holding of Disney stocks in 1966 when the market value was less than 100 million, and then talking about ABC, the metropolis snake...
Since Buffett owned a large amount of stock in Metropolitan Communications at the time, it can be said that this merger of Snake Tunxiang was initiated by him to some extent. In addition, Disney later acquired Metropolis/ABC, and his Berkshire Hathaway Wei was able to make a lot of money, twice.
So now Buffett has a lot of Disney stocks in his hands, but the old man didn’t mention Disney in his annual report. Song Ya looked for Berkshire Hathaway’s just-released annual report, and the common stock portfolio table showed that he had reduced his holdings. Disney.
"last year……"
Knowing that Buffett had supported Ovitz and had a bad relationship with Disney Emperor Eisner, Song Ya realized something and asked someone to find Berkshire Hathaway's shareholder report and annual report last year, with the same word Did not mention, also in the reduction.
"No wonder Disney is talked about during dinner..."
Song Ya muttered to herself, "The old man was trying to test whether I would like to take over the offer... Really, to be honest, I can't understand hints."
Buffett seems to be a kind-hearted man of action. He silently reduced his holdings when he was dissatisfied with Eisner's management style, but he never spoke ill of Eisner publicly. Maybe he wanted to wait for the stock to be cleared before scolding? In short, the conservative old-school style is completely opposite to another high-return financial tycoon, Carl Icahn. Carl Icahn takes a slanted sword and is extremely aggressive. People hate dogs.
Of course, in 1997, the most prominent figure was Shou Ross, who carried the banner and commanded the hot money of hedge funds to make waves in Asia. That guy attracted even more hatred. I heard that he was wanted by several Southeast Asian countries that were hit the hardest. Blood.
"Speaking of which, I have invested 50 million yuan in the Madoff Foundation for more than a year, and it is time to pay dividends."
Song Ya ended her cranky thoughts, picked up the phone and called her foundation's guide, tycoon Picoul.
"Small thing, the last time Goodman approached me about the money, I was vaguely aware that he wasn't behaving normally, but...you know we won't do anything else for you."
First of all, he thanked the other party for rejecting Goodman's hint of withdrawing money while he was in a coma. Picower laughed and said, "Has that money been deposited for more than a year? I don't remember much. I happened to be with Mr. Madoff." Together, yes, New York. Come on you ... the payoff should be beautiful."
Song Ya immediately ran to see Picower and Madoff.
The chairman of the Nasdaq exchange is another way to go, mysterious and tight-lipped, never sharing wealth codes with others, and never nagging like Buffett, not as brutal as Carl Icahn, and more This is the real god of investment who doesn't set off a bloodbath in the capital market as easily as Ross.
However, Song Ya is not worried about the rate of return. Madoff can earn more than 30% a year when he buys his own Nasdaq index, and he is probably also providing ammunition for international hot money such as Ross, not standing in front of the stage.
"Hehehe... APLUS, your investment in the Titanic... We were talking about you just now."
The economy is good, the stock market is good, and Madoff is naturally in a good mood with a smile, "Come on."
Song Ya grabbed her coat and went out, and was successfully taken into Madoff's study by Picoul that night, where a man dressed as an old butler presented a document on a silver tray.
"Your annualized income is about 20 percent."
Madoff took it over and took a look, sent the housekeeper away, and handed over the documents to Song Ya.
"really?"
Song Ya is ecstatic, this is much better than a deposit bank! Since I have saved for more than a year, minus the asset management fee and the share for Picoul Madoff and other online, my 50 million has now become about 65 million.
His eyes are shining, what kind of scumbags are Buffett, Carl Icahn, and Ross, and they should put the money for diversification here to save worry!
Just like this, there should be several levels above me like Picoul! The higher the level, the closer to the core, the higher the rate of return!
Upgrade, upgrade! Must find a way to upgrade! Climb up!
Song Ya glanced at Kaur, then walked excitedly to the wine cabinet, and poured champagne for the two big guys. He was the youngest of the three.
"Are you going to withdraw money?" Madoff asked, "Tomorrow, it will be processed soon."
"No no no."
How can you be willing to withdraw money, "I want to invest some more." Song Ya handed the wine glass to the two, "Is it okay?"
"Of course, you are welcome anytime." Picower laughed.
"Sir, people from Société Générale are here." The butler opened the door and came in to report.
"Let them wait for a while..." Madoff raised his wrist and glanced at his watch.
"Make up 100 million? No! 130 million!"
Indeed, I heard that a large number of European bankers have stored their assets in the Madoff Fund. Time seems a little tight. Song Ya calculated her idle funds in her mind, and simply doubled it and invested 65 million in it.
"Haha, it seems that you have come out of the rebellion of private lawyers and DeLay?" Madoff should have also paid attention to the American music website case.
"They can't beat me!"
Song Ya raised his wine glass ambitiously, "To you, Mr. Madoff. There is an old saying in Huaguo that moistens everything silently, which means that the drizzle moistens everything but never makes a show. I think this is the best explanation of your investment style. .I have great respect and admiration for you, and Mr. Picower."
"Haha, thanks, cheers?"
"cheers!"
This glass of wine had to be drunk as an exception, and Song Ya drank it all in one gulp.
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