Chapter 1090 Financial Fraud

"Former shareholder and director of Microsoft, Feng Yu, the world's second richest man, publicly declared that Microsoft's stock price is inflated!"

"Feng Yu questioned Yahu: Why are you worth so much money!"

"Feng Yu believes that the stock prices of hardware manufacturers are also inflated!"

"Feng Yu said that among the blue chip stocks, some companies are suspected of financial fraud!"

...

A piece of news was published in major newspapers, and the US cable TV station that got the first-hand information made a lot of money just by buying these news, not to mention that they also broadcast Feng Yu's interview audio exclusively, which made the audience even more excited. Their ratings skyrocketed!

It's just a pity for Ralph, his phone was almost ringing off the hook early this morning.

"Boss, did you really say those words?" Ralph asked with a bitter face.

"I said it, and I am responsible for it." Feng Yu said calmly.

"It's okay for you to criticize those companies for their inflated stock prices, but you said that among the blue chip stocks, some companies are suspected of financial fraud. What should we do?" Ralph said in a panic.

"I'm not wrong, it's just that among the blue-chip stocks, some companies have falsified their finances." Feng Yu said seriously.

"What? Boss, how is this possible? That's a blue chip stock!" Ralph looked in disbelief. Those who can become blue chips are all big companies with strong strength.

"Why is it impossible? I have already ordered someone to conduct a secret investigation. Although I dare not say that the evidence is convincing, as long as those two stand up, Enron will go bankrupt!"

"What company? Enron Company? This is impossible, right? Enron Company only launched online services last year, and their stock price has been rising all the way. It is now as high as more than 60 dollars, and there are so many investors pursuing it."

Feng Yu looked at Ralph: "So what? Investors' pursuit can prove that they have no financial fraud? If you investigate carefully, you will find that Enron has quietly established a number of offshore companies, one of which is reasonable. Tax avoidance, increase the company's profits, and the other is that they can deploy funds at any time to cover up the fact that they are losing money."

"Mobilize funds at any time? You mean, they use their own money to cover up losses and inflate profits?"

"That's right, when the company is being reviewed, the funds will be concentrated in that company, so that the company's book profits are inflated and the bank has sufficient funds. After the review is gone, the funds can be easily transferred away. .

In this way, the company becomes seemingly fat, but in fact it is puffy. "

"Boss, then we can short sell Enron's stock. As long as the news breaks out, we will definitely make a lot of money!" Ralph said excitedly.

"The most important thing you should pay attention to now is the negotiation with AMD and the acquisition of voting shares in their hands. After this company is acquired, I will not lose money to you. Remember, you must not use some illegal means." Feng Yu emphasized.

If you can buy it aboveboard, don't engage in some small tricks, it will become a disgraceful history!

"Boss, I understand, but AMD has no intention of negotiating with us at all. They are just dragging us, but it will also affect the flow of our funds."

"Microsoft and Yahoo's cash out funds are for the acquisition of AMD Semiconductor. Now their stock prices are also inflated, and they have fluctuated violently in the past two days. You can delay it until next year, after their stock prices plummet , I see that sometimes they have to ask us to buy it. As for other investments, you don’t need to worry about it.”

The acquisition of AMD is of great significance. In the future, this is the only CPU company that can compete with Intel. Although it is in a state of being completely suppressed, it has found another way. After focusing on graphics cards, it actually suppressed Eagle Weida in turn.

Moreover, AMD actually has several mistakes and omissions in its research and development direction, that is, it has taken a few bad moves. If not, AMD's market share would not be so low.

Even later, among the shareholders of AMD Semiconductor, there were also shareholders of Intel. Many people joked that AMD was raised by Intel, lest Intel be accused of monopolizing such a company.

However, that shareholder is also a non-voting shareholder, and AMD has indeed poached someone from Intel, rather than Intel sending someone to AMD to guide the work.

If it wasn't for the lack of funds, Feng Yu would have thought about buying Intel directly, which would be simpler.

It's a pity that Intel's stock price at this time is also inflated, more than 500 billion US dollars, those shareholders are making a lot of money, who will sell the stock to Feng Yu?

If you want to buy the shares in other people's hands when they are making money, you can only buy at a premium. But Feng Yu couldn't even afford half the price, let alone a premium.

Even Chaowei's market value at this time exceeded 70 billion U.S. dollars. Of course, there are not so many stocks with voting rights. Feng Yu's target is those voting shares.

However, it is not so easy to acquire it. Those shareholders now blindly believe that AMD will catch up with Intel and surpass it. Feng Yu is absolutely unwilling to buy at a premium anyway. He just paid a premium, and the stock price plummeted later, so it would not be a loss.

"Go get busy, don't disclose the news of your contact with AMD."

"I understand, boss."

Once it is revealed, the stock price of AMD will definitely rise, which is very unfavorable for Feng Yu's acquisition. Now Chaowei's market value is a bit inflated, how could I help him increase the stock price and increase my cost?

Now Feng Yu is eager for Chaowei's stock price to plummet, and those investors are eager to sell, so they take the initiative to contact him.

Feng Yu asked Ralph to contact Chaowei's shareholders now, just to convey a meaning, and he didn't think that those shareholders would sell their shares to him now.

But when they want to let go, they will think of Feng Yu immediately, that's enough.

While Feng Yu was drinking his tea leisurely, New York was already turning upside down. Countless media wanted to contact Feng Yu, but Ralph blocked them all.

And outside the Empire State Building, reporters from many media gathered, all wanted to interview Feng Yu immediately, and wanted to get Feng Yu's confirmation. The recording released by American Cable TV was what Feng Yu said.

Feng Yu regretted coming to the company, and should return to China at this time. Here, it is too eye-catching. When they arrived in China, it was these foreign reporters who caught the eye.

...

Boom!

Paul Allen slammed his fist on Bill Gates' desk: "It's too much, this Feng is too much. He even publicly declared that our Microsoft's stock price is inflated, which is unreasonable, unreasonable!"

Bill Gates also had a gloomy face, and he didn't expect Feng Yu to say such a thing. It seems that it is really torn face, are you going to leave no room for it?

"Steve, hold a press conference and tell reporters through the media that Microsoft's profits are very good and the stock price will continue to rise. Please believe investors. Also, Paul and Steve, you and I will each come up with With a sum of money, I will increase my shareholding in Microsoft and stabilize the market!" Bill Gates made a decision.

After Ballmer left, Bill Gates looked at Paul Allen: "Do you think what Feng said about the financial fraud of blue-chip companies is true?"

... (To be continued.)