Chapter 1607

"...Wall Street generally speculates that Andy Smith's trading method is to use debt to acquire a competitor that is bigger than himself.

When he decided to acquire Qualcomm, he had already considered which divisions he would sell, how much he could sell them for, and who he could sell them to.

After the transaction is completed, it is likely to carry out immediate restructuring, decisively lay off employees and sell non-core businesses, and focus on improving the company's profit margin. "

"From Andy Smith's past acquisition records, it is not difficult to see his ambitions for the chip market. For all listed chip companies, after all, they still have to explain to shareholders and investors. It is not only about revenue, but also about profits. These performances are what shareholders and investors care about.

Whether Andy Smith can control the board of directors at a very small cost and complete the control of Qualcomm, we will get the answer after a while, please wait and see. . . "

The front gate of Qualcomm headquarters in San Diego has been occupied by the live broadcast trucks of various media. Many reporters are facing the cameras and reporting on the spot, waiting for the final result of Qualcomm’s shareholder meeting.

Many people in front of the TV also have different thoughts, waiting for the results to appear, especially in the semiconductor industry, they all feel a little bit wolfed at the sudden intrusion of capital predators.

Because, from a global perspective, when the growth rate of the semiconductor industry becomes low, if companies want to develop in this process, they will definitely embark on the road of integration.

And capital operation is undoubtedly the simplest and rude way, which can easily increase the price-earnings ratio, income, and profit all the time.

When everyone squeezes each other and the company grows slowly, then find a way to merge.

This is the first choice of capital predators!

A group of companies engaged in scientific research, facing the intrusion of a young capital predator, is undoubtedly tantamount to a capital feast, and the acquisition of Qualcomm is the beginning of the capital feast.

As long as you see the financial advisory group for the acquisition composed of Citibank, Bank of America, Goldman Sachs, Bank of Merrill Lynch and Morgan Stanley, you can know how Wall Street favors Andy Smith.

As a super rich man himself, coupled with the power of the consortium around him, no one would doubt Andy Smith's ambitions for the entire semiconductor industry!

"...If I stand in the position of chairman of Qualcomm, I will definitely play this matter if I have the ability."

In the NBC news studio, a semiconductor investor faced the camera and spoke very seriously under the questioning of the host.

"From a structural point of view, in the 1980s, small start-ups entered the semiconductor industry. In the 1990s, there was a wave of listing and small mergers and acquisitions. By 2000, horizontal mergers appeared, large transactions appeared, and the development speed of the semiconductor industry has slowed down.

In the next decade, the trend of mergers and acquisitions in the semiconductor industry will shift from horizontal mergers to vertical integration of upstream and downstream. The future semiconductor ecosystem will become more and more important. "

"You mean that the semiconductor industry will enter a period of integration?" the host asked with bright eyes.

"I predict that it will be like this. The entry of capital will accelerate the arrival of this integration period. The curtain has already opened!"

Yes, the curtain has been drawn!

"I propose that Mr. Andy Smith be the chairman of the company."

"I agree."

"agree!"

. . . . . .

Qualcomm CEO Steve Mollenkoff, who had just secured his seat on the board of directors, had an imperceptible wry smile on the corner of his mouth, and looked at Andy Smith, who was "all hoped for", with a faint smile on his face, who completely controlled the rhythm of the shareholder meeting.

"agree!"

Steve Molenkov saw the eyes of the crowd on him, smiled on his face, and raised his hand in agreement. He saw that the dignified expressions on the faces of many people relaxed, and there was a little more recognition in his gaze, especially It was the relieved breath of the company executives sitting behind him that made him feel even more helpless and smiled wryly.

The general situation is gone, he is not an idiot, how could he go against the completely changed fate,

Not only will no one support him, but when he loses everything, what he gets back will not be respect, but indifference and indifference.

Just like Paul Jacob who was ruthlessly kicked out by the original board of directors some time ago, even the founder's family was out, let alone a part-time worker!

When Steve Mollenkov raised his hand to agree, the seven directors who had just been kicked out of the board of directors twitched a few times on their gloomy faces, and finally sighed dejectedly. They knew that Andy Smith had won, everything It's all over.

"Papa papa—"

There was extremely warm applause in the conference room. With a gentle smile on his face, Andy Smith stood up calmly to thank all the standing ovations and congratulated him on being elected as the chairman of Qualcomm, which was expected by everyone.

"Thank you, thank you all..."

Andy smiled and shook hands with the 10 new board members one by one, and thanked the top 25 shareholders one by one. Under the gaze of everyone, Andy raised his mouth and calmly walked to the vacant place at the top of the conference table. Behind the boss's chair, he reached out and patted the edge of the back of the chair, pulled it back slightly, walked around, stood in front of the conference table, smiled and stretched out his hand to signal, "Everyone sit down."

After speaking, he took the lead in sitting on the chairman's boss chair, and everyone sat down one by one after seeing him sitting down.

From now on, Andy Smith officially joins Qualcomm!

"I know that the outside world has a lot of speculation about me after I took over Qualcomm, such as what to restructure, decisively lay off employees and sell non-core businesses, and focus on improving the company's profit margins, huh, huh, well, here, I tell Ladies and gentlemen, those are just speculations from the outside world. My real decision is to increase investment in research and development while doing business as usual!

Patent licensing business and mobile phone chip business are our two main sources of income. Since 1989, the accumulation of CDMA patents and technologies has allowed the company to maintain an annual revenue growth of more than 20%.

Therefore, only by relying on patent barriers and absolute technological leadership, can we firmly occupy the throne of the number one wireless chip maker and leave all other competitors, including Intel, far behind.

However, whether it is patent barriers or absolute technological leadership, this is inseparable from a large investment in research and development. According to the information I got, South Korea's Four Star Group has already started internal restructuring, and they will increase research and development of semiconductors such as mobile phone chips. will be our chaser.

Ladies and gentlemen, in the future, the competition will only become more intense. We are not as optimistic as we imagined to be the number one wireless chip manufacturer. It can be said that we are surrounded by wolves. We cannot be blindly confident and arrogant. Confident and arrogant Intel ignores us and is eventually surpassed by us. They will also miss the great opportunity of the entire mobile Internet.

All we have to do is to learn from it!

First-rate companies sell patents, second-rate companies make products, and third-rate companies do hard work. This is a widely circulated sentence in the industry, which emphasizes the importance of patents. On the way here, in the company headquarters, I saw the "patent walls" standing in the lobby. To be honest, it was shocking and spectacular. At this moment, after becoming the chairman, I am more proud and feel more pressure. Every patent on the "patent wall" is our core asset and source of profit.

As the chairman, I hope to see more new patents being hung on the patent wall, so that the company can prosper for a long time! "