Chapter 642: The Waveguide Is About to End

When Zhiduoxing was rapidly developing the mobile phone industry, Bird, the leading domestic mobile phone company, announced a major event. They decided to form a joint venture with France Samkey to establish Bird Samkey R&D Company.

It seems to be very good. Samkey is a French communication manufacturer, which ranks second in France and is also well-known throughout Europe.

I feel that after the cooperation, Bird can develop faster and become the overlord of the Chinese market in the future.

At present, Bird's market share in China is about 15%. In the first half of the year, it sold more than 5 million mobile phones. It is the leader of domestic mobile phones, but there is still a big gap compared with Nokia and Motorola.

And Samkey also promised to help Bird's mobile phone export to Europe, which is a very good condition from Bird's point of view.

Bird is actually a joint-stock company controlled by state-owned assets. The former chairman has just announced his promotion to vice president, while Xu Lihua, the president, has become the chairman and president.

It seems that the development of Bird is booming, but Zhang Yang said: "Bird is going to end."

Waveguide is over? How can this be? With a better technical partner, Bird should be in a stage of rapid development.

"President, why do you say that?" Xiao Wang asked curiously.

"Xiao Wang, do you think that after the cooperation, Bird's technology can be greatly improved, and the export channels can also be increased, so that it will develop better in the future?"

Xiao Wang is at a loss, isn't that the case? They also learned that Samkey Company is indeed the second carrier in France, and the French carrier not only controls the French market, but also has certain markets in other European countries.

Bird does not suffer from cooperation with such an enterprise.

"President, do you mean that Bird does not lack technology?"

"No, Bird lacks technology. They had exchanged technology with us before, but our technology was still second-rate. It wasn't until we bought some technology from Motorola that we became first-rate. In comparison, there is still a gap."

"We spent so much extra money, and the technology is only average. Bird really lacks technology. But there is a big problem with their cooperation. The negotiators made a big mistake."

Made a mistake?

Xiao Wang looked at the news in the newspaper that Samkey Company provided some technology, waved out personnel and venues, etc., and the joint price was 50 million rb. What's wrong with this? The opponent's technology is worthless?

"It's the controlling stake." Zhang Yang shook his head, Xiao Wang's comprehension is still not enough.

"President, didn't it say that the two parties each hold 50% of the shares? And this is Huaxia, so it must be Huaxia who has the final say. What is there to worry about?"

Zhang Yang sneered: "It is estimated that Bird has the same idea as you. But in a business contract, every situation that may be unfavorable to you must be considered. You can ask Lao Yao about these things."

Zhang Yang went to other departments of the company for a stroll, while Xiao Wang went to the legal department.

"Secretary Wang,

Is there something wrong with the president? Just a phone call, no need to make a trip in person. "Lawyer Yao stood up enthusiastically when he saw Xiao Wang.

"Director Yao, I have something I want to consult with you. It's not a contract with our company, but the president said that I didn't find the key point of the problem."

"It's like this. Bird has just established a technology research and development company in cooperation with the French company Samkey..."

After hearing this, Lawyer Yao quickly understood: "I haven't read the specific contract, but I probably know what mistakes Bird may have made."

"First, the two parties each hold 50% of the equity, which seems to be a joint negotiation, but the technical director is from France, which means that Bird will always be in a passive state."

"Second, the loss of the controlling stake should have been easy to win, because apart from Bird, other domestic mobile phone manufacturers are not qualified to cooperate with Samkey. We have, but we will not."

"Thirdly, the person in charge is French. When the other party asks for additional investment, will Bird agree? If yes, is Bird's capital comparable to that of Samkey? Others' annual net profit exceeds 100 million euros, or even 200 million euros. 100 million euros, how much is Bird?"

"The two parties each invested 10 million euros. Do you think Bird can get it out? Many of Bird's profits over the years have been used for dividends, handed over to state-owned assets, and used for local development."

"This is a common method used by many companies in the past, but what are those companies, do I need to say more? It is because they do not have enough technical investment that they have no choice but to cooperate with Samkey."

"While others hold the right to sell overseas, Bird is likely to become the other party's foundry and will be slowly eaten away by the other party."

"There may be many small problems in it. I don't know if Bird has indicated it in the contract. If not, then if any problem occurs, Bird will suffer."

If Samkey wants to invest and build a factory in China, it will definitely cost a lot of money. Now, with a little bit of technology, it doesn't have to be first-class technology to get 50% of a company's shares.

At the same time, Huaxia personnel can also be used to help them do some technical research and development, and the research and development results Samki can still use. If Samkey can authorize or resell to other companies, then Bird will lose even more.

Lawyer Yao felt that if he came to serve as the legal director of Bird and was responsible for drafting the contract, Bird would definitely be the controlling party, and at the same time, Bird would definitely be the decision maker.

Samkey must not have paid, not only had to pay, but more. Bird did not give full play to the advantages of landlords and underestimated the value of personnel and brands.

Maybe Bird will develop very well in the past two years, but when Bird's assets are gradually eroded by Samkey, it is too late to cry.

It was only then that Xiao Wang realized that there were so many sayings in it. But this is what Lawyer Yao roughly analyzed. I don’t know what the actual situation is. Why is Bird going to end?

If Bird is really going to die, can Zhiduoxing acquire some assets of Bird. For example, the brand or the R&D center. As for the factory, let’s forget it. The president said that the company’s factory does not need to continue to expand.

And after Bird is over, can Zhiduoxing take the vacated market share?

If Zhiduxing can have the market share of Bird, the development will definitely be faster. Maybe in two or three years, it will become the industry leader in the domestic market.

"Director Yao, thank you for your advice." Xiao Wang finally understood why the boss said that the company must have legal personnel who specialize in handling contracts. It can really avoid many economic disputes and losses.