Chapter 1051 The Settlement Agreement of Being Played Indecently

Chapter 1051 Reconciliation Agreement for Being Played Lewdly

Ke is also very embarrassed. It's not good for Fei Rong to step on anything. Stepped on the "raincoat - littering is not a good habit. He retreated to the bathroom. Lie back in the warm water. Considering whether to make another trip to the United States in person. Not only the RIAA withdraws the lawsuit The matter. The matter of the wafer process technology from Texas Instruments. It also needs to be properly promoted.

Zhang Ke got dressed and came downstairs. Tang Jing and Chen Feirong were sitting in the dining room having breakfast. He sits down. Grab a deep-fried dough stick and eat it with the soy milk in Tang Jing's cup. While munching on fritters. At the same time, she said to Tang Jingfeirong: "Between soy milk and deep-fried dough sticks. I heard people say that rich people always rinse their mouths with shark fin when they get up in the morning. When can we improve our quality of life?"

"Flop." Chen Feirong stepped on the condom and slipped. I was also a little embarrassed to look at Zhang Ke. Watching Zhang come downstairs. Blindly drink soy milk. Listen to his jokes. Couldn't help laughing. The soy milk in my mouth was sprayed on the dining table. Some are sprayed directly into the glass. He coughed violently for a while. Quickly took out the napkin and wiped off the starch stains on the table. He gave Zhang Ke an angry and funny look. There was still a faint pain in the buttocks from the fall just now. The soy milk in the glass was also undrinkable. Replaced with a glass. Pour the slurry originally reserved for Zhang into the cup. Said: "Take your shark's fin mouth. This kind of soy milk that ordinary people drink, you look good anyway." He took a sip beautifully. Stir the fried dough sticks in the soy milk again. w "Fiction" novel chapters are updated the fastest

Zhang Ke didn't care. He drank Tang Jing's soy milk anyway. Tang Jing went to share some more soy milk from Chen Feirong's cup. Three people can finish breakfast together. Zhang Ke talked about his plan to go to the United States. Tang Jing said in embarrassment: "I will go to Jinshan to accompany my mother for a few days. Anyway, I will take Feirong to play there. Do you have it? It doesn't matter-you can find someone to accompany you to the United States."

Zhang Ke spread his hands and was really speechless. It's really bleak. It can also be said that Xu Si has no time, even though Tang Jing has already suspected Danqing now. But Danqing is far from Perth. When I came back from the US, I had to go to Australia again. But he couldn't take her to accompany him to the United States. Wan Qing has not been exposed yet.

No one is there. This trip to the United States has become a purely business trip, boring and boring.

to San Francisco. Meng Le and Ce Ruolin also agreed that Canada is not in the United States. Zhang Ke stayed in San Francisco for two days. Participated in the signing ceremony of the Recording Industry Association of America (RIAA) settlement agreement.

Pursuant to the settlement agreement. Kumho will upgrade the anti-piracy encryption software for ip1ayer sold in North America to meet the requirements. Then waive the requirements for continued prosecution and compensation in North America.

Last month, the largest free mp3 music resource website sued North America and won. Although this website claims to be non-profit. The court still ruled that the site ultimately lost the case. In addition to shutting down the website. pay huge punitive damages

in North America.

Don't talk about nature. The survival space of non-profit pirated music websites is already extremely narrow. Thereby providing a larger commercial space for online music stores such as Global Music Online. The market potential has exploded.

Global Music Online is the traditional audio-visual audio copyright license obtained by the online music store with the largest user base.

Online to Global Music. Lake holds a 70% stake. Toshiba and Scooper hold the remaining 3 percent. The three companies invested a total of nearly 90 million US dollars for this purpose. This itself is also an important manifestation of the copyright rights of Kumho TV's traditional audio-visual audio manufacturers.

Perhaps he has long realized that the entanglement of this lawsuit will only bring greater commercial benefits to Kumho. They also had an intimidating attitude at the beginning. They did not expect that Hu, as an emerging company rising in China, would adapt so tenaciously to the legal environment in the United States and entangled with them for half a year.

Sign the settlement agreement. Gao Jin who was present took turns to step forward to give warm hugs to the representatives, each with an extremely embarrassed expression. It feels like half a year has come. The opponent played it cruelly. Many media outlets in the United States also published pictures of representatives of the two sides embracing each other in prominent positions in newspapers and magazines.

The settlement agreement should be regarded as the perfect ending of this lawsuit for Kumho. Because of the fierce pursuit of Internet pirated audio websites. The industry is extremely optimistic about the prospects of the Internet paid music market. Occupying 90% of the current online paid music market, the global music line, which had a revenue of over US$10 million in the first half of 1999, was in August 1999, when the wave of new technologies was surging. The market is naturally extremely high.

The American investment bank Goldman Sachs, which successfully pushed the stock to be publicly traded on the NASDAQ market in the United States, naturally cannot fail to see the value of Global Music Online.

Zhang Ke and waited until they arrived in San Francisco. Zeng Zihui, vice president of Asia at Goldman Sachs, came to San Francisco from Hong Kong. It is hoped that Lake will return the listing of Global Music Online to Goldman Sachs.

Zeng Zihui also showed up after Kumho and the settlement agreement completely resolved the legal issues - it was impossible for Goldman Sachs to stand up and support Kumho in advance.

Located in the ballroom of the Argonaut Hotel in the center of Fisherman's Wharf. The bloody red wine swayed in the crystal clear glass. Zhang Ke really couldn't figure it out. There are not many business secretaries recruited by North American companies that are attractive. Or is it that my aesthetic standards for Western women stay above Sophie Masozetas.

"In addition to the traditional Internet website revenue model, Global Music Online has a very good offline hardware platform. With the promotion of ip1ayer hardware, the website's music sales business model will become more and more mature. The scale will also become more and more impressive. The United States The evaluation of global music online by commercial organizations is in line with that. Preparing for the market at this time will win greater benefits for Kumho than Quantum Online.” Zeng Zihui spared no effort to encourage in front of Zhang Ke, Chen Xinsheng and others. Quantum's stock price online has risen to fourteen dollars a share. Compare the list price. nearly five-fold increase. Compared with Goldman Sachs' venture capital holdings. The rate of increase is even more terrifying. Of course. The magnitude of Goldman Sachs is far greater than that of Quantum Online’s original investor venture capital fund——Kumho is the giant behind Oak Park Venture Capital Fund. Zeng Zihui has already known.

Prepare to go public at this time. It should be after the spring of next year that the functional function will be launched. In addition to the at least six-month ban period, it will be the autumn and winter season of next year. Zhang Cai does not believe in the global capital market

The new technology bubble can last until tomorrow's fall. It takes three to four years for the recovery period when the bubble bursts. Since it is impossible to profit from this wave of new technology. Zhang Ke has no interest in going public. Let’s talk about the $60 million capital injection that Global Music Online received from Toshiba Scooper at the beginning of the year. Also underfunded.

Lack of funds is though for Global Music Online Holdings. However, the funds under the name of Global Music Online cannot be transferred to Kumho Commercial for use. Seeing the enthusiasm on Zeng Zihui's face. Zhang Ke scratched his forehead. Said: "The station is not short of funds. The capital injection and listing seem to be of little significance. Even if the stocks we hold can be cashed out in the stock market, it will have to wait until next autumn. I am more eager for success. I can't save the near fire for things that are far away. Not much interest."

At first glance, Zhang Ke's words are rejection of his listing lobbying. Zeng Zihui was inevitably a little disappointed. I haven't heard of any company in these years that would reject Goldman Sachs' invitation to go public. Unless it is poached by competitors like Morgan. Could it be that Kumho has found a better listed company outside of Goldman Sachs?

Halfway through dinner. Zeng Zihui left the Argennot Hotel and took an evening flight to the headquarters of Goldman Sachs on Wall Street in New York. The moment he stepped onto the plane. Thinking of Zhang's words, there is no meaning of complete rejection——

Far water cannot save near fire. What he meant was that Kumho still lacks funds? If a venture capital fund is willing to directly take over a part of the equity from Kumho. Instead of directly injecting shares into Global Music Online. Maybe this can work?

Zeng Zihui shook his head bitterly. He spent his childhood in Xiangdu, and then his family immigrated to the United States - he adapted to the business environment and thinking in Europe and the United States. Unexpectedly, there was a twist in Zhang Ke's seemingly refusal. Although I can't be sure whether the real situation is the same as my guess. But such a large amount of business is worth it, and there is no pity for him to miss this flight.

Zeng Zihui got off the plane in a hurry. From the airport back to Argennot Hotel again. The banquet in the hotel is not over yet. Seeing that Zhang Ke, Chen Xinsheng and others were not particularly surprised by their return. Zeng Zihui knew that his guess was true. Just smiled. Everyone gathered in another room to discuss some feasible details.

It is not feasible for Kumho to maintain an absolute control over the global music line for a long time. In addition to external pressure. Toshiba, which holds a 1.0% stake in Global Music, has also been hoping that Kumho will give up its absolute controlling stake. Make Toshiba's ip1ayer hard sell a fairer chance.

Considering the close relationship between Skooper and Kumho. In fact, Kumho only needs to maintain 0 equity. You will be able to control Global Music Online more stably. That is. Up to 30% of the equity can be transferred out.

At the beginning of the year. Toshiba and Spears paid a total of tens of millions of dollars in cash for a 1.30% stake in Global Music. At this time, Zhang made such a gesture: Kumho can directly transfer up to 3% of the equity. The key depends on the price that the venture capital under the name of Goldman Sachs or the venture capitalists matched by Goldman Sachs are willing to offer.

Zeng Zihui went to New York immediately. Wall Street only invests in parties that get together. It is not so much that Zeng Zihui has a high rate. It's better to say that Goldman Sachs is amazing on Wall Street in the United States. Zhang's third day in San Francisco. Zeng Zihui replied that Amazon was very interested in the equity transfer of Global Music Online. I even hope to fully accept 0% of the shares in Kumho's hands. And made a tentative offer of 200 million US dollars.

In the wave of new technology. Amazon is probably one of the new tech companies that will benefit the most. Compared to Amazon's business miracle. At this time, Kumho is still a bit inferior, at least on the surface.

In mid-July 1995, Bezos used the $300,000 that his parents lent him as the basis. Established an online bookstore called Amazon in a rented residence in the suburbs of Seattle. Listed in 1997. Four years later. Amazon has grown to become the largest Internet retailer in the United States. It provides more than 11 million users with books, audio-visual software, toys, gifts and other commodities on the Internet. The market value exceeds 10 billion US dollars. A year after Amazon went public. To hold the position of North American online retailer. Started massive mergers and acquisitions of other e-commerce sites.

As an important branch of e-commerce, online paid music download sales are increasingly recognized by the market. Moreover, the market potential of the business model combining Internet resources and hardware platforms created by Kumho cannot be underestimated. Patterns are hard to imitate. It's no surprise that Amazon remains the largest online retailer in North America for the birth of global music online.

Zhang Ke, Chen Xinsheng and the others heard Amazon's acquisition intention relayed by Zeng Zihui. Didn't even think about it. Just refuse directly without any further willingness to go further with Amazon.

Although the profits that Global Music Online can create in the next ten years are extremely limited. However, its ip1ayer's huge role in promoting sales in Europe, America, Japan, and South Korea, where copyright protection is strict, cannot be ignored. Kumho will never give up substantial control - if Kumho is willing to give up control. Toshiba will definitely not be stingy with the two hundred million dollars.

Except Amazon. The Walden venture capital fund, which was the first to enter Quantum Online at this time and had a huge book profit, had a strong interest in the equity of Global Online. These VCs are purely speculative and not seeking control. In order to control the risk, you will not even hold too many shares. Nor did Zeng Zihui. After Goldman Sachs spread the wind. They directly sent representatives to San Francisco to contact them here quickly. It also offered 40 million US dollars in exchange for 10 equity conditions. So fast. It means that they have been staring at Global Music Online.

Compared with the share price of Toshiba Scooper's capital injection and holdings a few years ago. The asking price of the venture capital under Walden's company has doubled: but compared to last year. The Naskoda index has also fully doubled in less than a year. Shares of e-commerce sites like Amazon have far more than doubled -- Quantum has been trading online for just three months. The market cap is over $1 billion.

The venture capital under Goldman Sachs can sink this time. Even if Zeng Zihui is behind the scenes to make a bridge. None of Goldman Sachs' VCs were in a hurry to step in.

※※※※※※※※※※※※※※※※※※※※※※※※※※※※※※※※※

Zhang Ke has no confidence that the wave of new technology will last until after tomorrow's fall, but he is confident that it will last until next year. There is still plenty of time for equity transfers. Delegate all related matters to

manage. He, Chen Xinsheng, Liu Zhicheng and others flew to Dallas to negotiate with Texas Instruments for the final stage of 018m wafer process technology transfer.

Deyi's old friend Delfaxi came forward to receive him. Zhou Changqing, president of Texas Instruments in China, naturally also flew back to Dallas from Beijing to negotiate the final stage.

The weather in Dallas in late August is much warmer than that in Jianye. It's just that the business trip is a little boring.

Delfaxi is really an old friend of Kumho. When Chen Xinsheng worked in Texas Instruments, he was Delfaxi's subordinate for a long time. The personal friendship is quite strong, but it is a pity that no matter how deep the personal relationship is, Delfacie will not make a small "sacrifice" of Deyi's interests. It's really regrettable.

Who else is watching Kumho's miraculous rise besides Kumho? Delfacie counts as one. When Kumho first entered the DVD player business. Texas Instruments is the most important partner. these years. Kumho and Texas Instruments have close cooperation in many fields. A joint research institution of a joint venture company. Even Texas Instruments holds 10 shares in Sinochip—especially in the cooperation between the DVD player decoder chip and the ip1ayer hardware architecture. Both companies have reaped huge benefits.

Due to the weakness of the global electronics field. Texas Instruments' annual profit in 1998 fell to less than US$800 million. Among them, more than 200 million U.S. dollars were generated from Kumho-related businesses.

In the last year of 1999. Although the new technology economy is extremely frenzied. But that may be a matter for the capital market. The global electronic components market remains weak. However, with the rapid growth of China's consumer electronics market and the global sales of ip1ayer are booming. Texas Instruments expects to make a net profit of more than US$300 million from Kumho-related businesses in 1999.

Kumho is a strategic partner. More and more high-level people in Rong Deyi ignored it.

The American media and the public know much about the situation. first half of this year. The division between Kumho and the Recording Industry Association of America spanned half a time span. It made Kumho's reputation in North America soar. It also made a small group of American media and the public question that behind the rapid improvement of Kumho Electronics' technology is Texas Instruments' technology delivery. Some media even proposed to re-examine the deal between Texas Instruments and Kumho. Made Deyi bear a lot of pressure.

Pressure the pressure. In the face of huge commercial interests. This kind of pressure is nothing - at this time, no one can ignore China's growing consumer electronics market. No one can ignore Kumho's position in China's consumer electronics market.

On the night when Zhang Ke, Chen Xinsheng, Zhicheng and others arrived in Dallas, An Jibo, the chief executive officer of ceremonies, still specially gave Zhang Ju a private banquet in his private house to express his affection.

In addition to guests and friends. Guibert Del Faci also appreciates the development of the lake.

Although Zhongjing Microchip received a capital injection from Texas Instruments in the middle of last year. In fact, it did not receive the support of Texas Instruments in terms of process technology, but Zhongjing Microchip has increased from the yield rate of less than 3% at the beginning of production to 0% now. The performance is even better than that of other round factories with mature process technology. After nearly a year of running-in, the Xinpu factory of Zhongjing Microchip. The actual production capacity has been increased to 60,000 pieces per month.

The first half of 1999. The domestic output of disc players reached 10 million units. The global output of disc players is about 12 million units. More than 50% of the market share of 90% of decoding chips and control cores is controlled by the joint venture company of the three companies of Adades, after the process conditions of the Xinpu factory are met. Almost half of the joint venture's orders are transferred to Sinochip. The domestic digital mobile phone and other electronic component manufacturers that have grown up relying on the Digital Mobile Phone Technology Promotion Association are in the chip foundry business field formed by these electrical manufacturers. Zhongjing Microchip accounted for almost half of the share. besides. That is, Kumho’s mid-to-low-end chip orders with independent intellectual property rights are almost all handed over to Xinpu Factory for foundry, including the most profitable flash memory chip business.

Sinochip's Xinpu factory is at a time when the global electronics industry is relatively sluggish. depend on these businesses. It became profitable less than a year after the factory was built. Already considered quite an outstanding achievement - of course. The success of Zhongjing Microchip's Xinpu factory. It mainly depends on the vertical production system of the lake. The orders received by the Xinpu factory at this time are directly or indirectly related to the company.

Kumho's production scale is constantly expanding. In particular, the digital mobile phone industry cluster based on the Digital Mobile Phone Technology Promotion Association has gradually established a foundation. Coupled with the relatively low domestic manufacturing costs, Sinochip will also have a place in the international chip business market. The Xinpu factory was built less than a year ago. It is necessary to consider capacity expansion and technology upgrading.

For Deyi. The 025-meter wafer process technology that China Jingxin is striving for is a technology that it is eliminating. The chip products produced by Texas Instruments' 0.18-meter process technology are also handed over to TSMC South Korea's Annan and other foundries. Mi wafer process technology has little impact on TI's natural wafer production business.

On the one hand, it is forced by high production and management costs. Texas Instruments needs to withdraw from the low-end crystal production to the other side. As more and more electronic companies are gradually mastering low-end chip design technology. Once Texas Instruments withdraws from the production of low-end wafers. Will be completely unable to share the profits of the low-end chip market

Although the low-end chip market has low profit margins. But the advantage lies in the huge market capacity. The total profit scale is still considerable.

Hold shares in mid-to-low-end fabs. Share the profits of the low-end chip market. Undoubtedly become the best choice for Texas Instruments. This is also an important basis for Texas Instruments to make a strategic decision to inject capital into Sinochip a year ago-at this time, it will transfer the ongoing 025-meter wafer process technology to Sinomicro. TI's internal understanding is consistent. As an additional condition for the transfer of technology. Texas Instruments will also continue to increase its investment in Sinochip; however, the 018-meter wafer process technology is the current main technology. Although it can be transferred to China Crystal Microchip on the edge of national supervision. Texas Instruments has to bear the huge pressure of public opinion from the American media and the public. Can't help but make people hesitate.