Chapter 851 700 Billion!
After Igreit’s IPO, the fiscal year cycle was not readjusted, and it was still calculated according to the natural year.
On October 23, in the third quarter financial report of 1995, released together with the new annual "Forbes" list of the 400 richest Americans in the United States, the single-quarter revenue increased by 71% compared with the US$3.31 billion in the same period last year. $5.65 billion. Even if the net profit of the company is only 310 million US dollars, even if it is robbed of most of the attention by the Forbes list, this financial report can only be described as shock in the eyes of those who care.
Counting the $3.91 billion and $4.73 billion in the first two quarters of this year, in the first three quarters of 1995, Ygrit's annual revenue has reached $14.29 billion, and it is expected that the annual revenue in 1995 will easily exceed 20 billion. Dollar.
In 1994, Igreat's annual revenue was only 11.67 billion US dollars. For most companies, the revenue exceeded the threshold of 10 billion US dollars, and it was already a high speed to continue to maintain a growth of about 30%. Igreat The expected revenue growth in 1995 can still reach more than 70%, which can only be said to be a miracle.
However, a careful analysis of Igreit's detailed financial report shows that this business miracle does not contain the slightest moisture.
Because of the explosion of the Internet industry, Igreat, which has created standards and firmly controls the browser entrance, its Internet basic tool software, ys cloud computing services, online advertising business, software and game stores, e-commerce platforms, etc. And other products, the market demand has shown an exponential growth trend with the outbreak of the entire industry.
Under the monopoly of most of the core patents of the World Wide Web technology, the core products of Igreit can be said to be the only one, so it has the absolute pricing power.
Any enterprise or capital that wants to get involved in the Internet field must first spend an expensive price to purchase a complete set of Internet basic tools and software from Igrete, especially after these software have been sold to a subscription model, they want to take advantage of the use of pirated software. It's not that easy anymore.
After purchasing the software, if you want to quickly and easily set up a website to carry out services, it is undoubtedly the most sensible choice to use ys directly.
Whether it is to open a website or operate new technology-related products, if you want to promote it, you can't avoid the various online platforms of Ygrit.
Igrit's software and game store is also the platform of choice for many small software and game developers who cannot afford independent publishing.
so many kinds.
In 1995, the total scale of capital directly poured into the new technology field has reached the level of 100 billion US dollars. The crazy burning of capital makes Igret, who created the World Wide Web standard, naturally the biggest beneficiary.
Even if Simon has been deliberately suppressing Igret not to pursue too much profit at this stage, this new technology giant is still making money every day.
Can't stop it.
Crazy capital accelerates the development of the Internet industry, Simon is happy to see it, but he doesn't want to see Igret also fall into madness.
Therefore, in the morning conference call, Simon mainly repeated the repeated instructions to several responsible persons to start seeking stability.
The crazy expansion of Igreat in the early stage is mainly to launch more and richer online services and content in the shortest time, in order to meet the needs of peer companies and attract the public to open network services. Now, this work can be relayed by other crazy capitals. What Igreit has to do is to be patient and deeply cultivate his existing business, software services, e-mail, online payment, search engine, social network, e-commerce and many more.
If it weren't for the lack of time, Simon would like to streamline and slim down Igret right now.
Even though Simon repeatedly chants the management, after the completion of the IPO, Igret has been acting frequently recently.
The first is a batch of data centers to be built in overseas countries, eight at a time, located in the United Kingdom, Germany, China, Japan, Singapore, Italy, Spain, and Australia. The total investment is expected to reach 2.5 billion US dollars.
This plan is not only an established strategy of Igret, but also to show its attitude to investors.
In the original prospectus, Igreit emphasized that the funds raised in this public offering were mainly to promote overseas expansion. Simon's promise when he met several Washington giants at the White House, he also believes that all parties will not forget.
A total of eight data centers, with an investment of $2.5 billion, is Igret's attitude.
Not only that, but AOL, Cisco, and even Verizon will cooperate with Igret's plan.
While improving the local infrastructure network, AOL has already begun to lay the company's own private trans-Atlantic submarine cable, and will launch a trans-Pacific submarine cable plan with a larger scale and investment in the future.
While building a new batch of large-scale data centers, Igreat recently released the latest recruitment plan for as many as 20,000 people, of which only 3,000 people are in the United States, and the other 17,000 people are to expand the global recruitment of overseas branches.
America's new tech industry bubble has indeed formed.
However, Igret, whose market capitalization has attracted a lot of criticism like a target, is actually a company with the least bubbles, even compared with companies such as Cisco and America Online in the Westeros system.
Although the haze of the shutdown of the Wisconsin distribution center has not dissipated, when the first quarterly earnings report after the IPO of Igret in the new week was released, it still caused a strong reaction from the market.
Simon ends at just over twelve noon on the east coast
During the remote video conference with Igreit's executives, Igreat's stock price has risen by 6.1% since the opening in the morning. When the New York stock market closed at 4:30 p.m., Igreat's one-day share price rose finally. Reaching 11.7%, the market value has soared from $253.9 billion before the morning open to $283.6 billion.
The capital market has never lacked the irrational side, but some things are obvious.
After the U.S. stock market closed that afternoon, "Barron's" published an analysis article on its official website, pointing out that according to Igreit's current $20 billion in revenue, if the company gave up aggressive expansion The strategy began to immediately pursue profits. According to the 20% net profit margin standard of new technology companies, Igreit can achieve an annual profit scale of 4 billion US dollars.
Therefore, the closing market value of $283.6 billion that day is actually only equivalent to a price-earnings ratio of 54 times.
Considering that Igreit still maintains an annual revenue growth rate of more than 70% after revenue exceeds 10 billion US dollars, the price-earnings ratio of 54 times is not only non-existent, but even quite conservative, at least doubling it is worthy. The true value of this company.
Actually that is.
The market value of Igreit has at least doubled the room for growth, and it is even very hopeful that it will eventually exceed 600 billion US dollars.
When the article in "Barron's" was pushed to the front page of the portal by Igreit, there was no shortage of supporters, but it also quickly attracted a large number of objections. Julian Robertson, the founder of Tiger Fund, who publicly threatened to short the technology stocks of the Westeros system, unceremoniously criticized "Barron's" as "grandfather" in an interview with cnn that evening.
As a result, news soon spread on the Internet.
Because of the continuous rise of the entire Nasdaq market during the period after Igreit was listed, many hedge funds on Wall Street who followed Julian Robertson to establish short positions in technology stocks suffered heavy losses. From October 6th, two weeks Time, and the paper losses of Wall Street's bears are likely to have exceeded close to $1 billion.
If Westeros system technology stocks such as Igret continue to maintain the current growth rate, many short positions will be cleared out of the market for at most a month.
In the game, Simon's news is more accurate, so he also knows more detailed inside stories.
Just according to the information collected by the team of Cersei Capital, the short-term losses of all parties in the technology stocks of the Westeros system have been no less than 1.6 billion US dollars. However, Cersei Fund Management, which focuses on hedging operations, has a book profit of less than $500 million, because there are also many bulls who have heard the wind.
Wolves have more meat and less meat.
Instead, Julian Robertson's Tiger Fund didn't actually lose much.
The Wall Street financier apparently encouraged a large number of cannon fodder to stand up first, and Tiger Fund did not establish many short positions.
At the end of the day's work, Simon also had a dinner with Raymond Smith, CEO of Verizon Telecom, in the evening, mainly to discuss the layout of the telecommunications field of the Westeros system after the Clinton administration was about to promulgate the Telecommunications Act.
When he bought Bell Atlantic, the predecessor of Verizon Telecom, Simon's main focus was Raymond Smith, who in memory expanded a local Bell into a telecom giant comparable to at-t. Limited to U.S. telecommunications regulations and industry anti-monopoly regulations, after the renaming, Verizon Telecom can still only focus on a few states on the east coast of the United States in terms of fixed-line business for a few years.
However, the fast-emerging mobile communications business does not have this limitation, as does the Internet access service that AOL has taken the lead.
Therefore, Verizon Telecom's business center in recent years is mobile communications.
With Simon's unremitting support, during the mobile communication spectrum license auction held by the Washington authorities last year, only the Verizon family spent $1.8 billion and directly won half of the spectrum resources. At present, Verizon Telecom's mobile communication The network has spread to the entire east coast of the United States, and it can be described as a monopoly.
In addition, Verizon Telecom and America Online and other Westeros system companies have also expanded rapidly in overseas spending.
In the process of Forbes magazine's wealth list statistics, as a private wholly-owned subsidiary of Westeros Corporation, Forbes magazine gave a valuation of $30 billion, and also claimed that because there is no listed company Employees, the $30 billion valuation remains very conservative.
In order to avoid being crowded, dinner was chosen directly at Simon's apartment on 68th Street on the Upper East Side.
Waiting for Lady A to deliver lunch to the two and leave quietly, while chatting with Simon, Raymond Smith looked at the still young face across the table, full of emotion.
Raymond Smith also got the latest issue of Forbes magazine for the first time in the morning.
$700 billion.
Just seeing this number, Raymond Smith's first reaction was unbelievable, even though his owner's net worth reached $300 billion last year.
You know, $700 billion, which is close to 10% of federal gdp.
In the US Treasury Department's forecast, in 1995, the federal annual gdp was expected to be only $7.6 trillion. It is equivalent to Simon's wealth alone has reached 9.2% of the federal gdp, this figure has far exceeded the 1.5% ratio of the Rockefeller family at the peak of that year, even the former Morgan, Rockefeller, Carnegie three families together are incomparable. .
Globally, this figure is even more exaggerated.
Not to mention 1994, which already has detailed figures, but in 1995, which has not yet ended, less than 10 countries are expected to have an annual GDP of more than 700 billion US dollars. Raymond Smith specifically checked the information in the morning, and this year's estimated GDP ranking China, which ranks 8th in the world, has an annual GDP of only about US$730 billion.
China is a huge country with a population of 1 billion.
Spain, which ranked ninth, had an estimated GDP of only US$610 billion in 1995.
This means that this young boss of his own family has enough personal wealth to rank 9th in the world.
Rich to rival the country.
As for whether there is moisture in the figure of $700 billion, Raymond Smith has no doubts after reading the feature article of "Forbes".
Just the shares of Cisco, America Online, Igret and Daenerys have contributed $500 billion in personal wealth to their bosses.
This is still based on the company's market value at the beginning of the month. At that time, the market value of Igret was less than 230 billion US dollars.
But just today, the market value of Igreit has reached a high of 283.6 billion US dollars.
According to the owner's shareholding in Igret, it is equivalent to an increase of nearly 30 billion US dollars in net worth in one day, which has surpassed everyone in this year's "Forbes" list except Bill Gates, the second place, with 57.3 billion US dollars. The third-placed Warren Buffett has a personal net worth of only $12.6 billion, less than half of Simon's one-day net worth.
In addition to the four most valuable companies such as Cisco, the entire Westeros system, not counting the many subsidiaries of the Big Four, Simon has invested in or controlled companies over the years. Among them, only the market value or valuation exceeds 100. The billion-dollar companies are still not the Big Four, there are 11 other companies.
There are also countless other billion-dollar companies such as Qualcomm, Alia, instagram, Aldek, ati, etc. It is difficult to say which of them will suddenly start to grow rapidly and enter the corporate giant. ranks.
Just the shares of these companies are enough to collect another 200 billion US dollars and have a surplus.
These are just assets on the surface.
According to various rumors over the years, in addition to a large number of non-listed companies at home and abroad, Westeros has even bought a large number of stocks of traditional corporate giants such as General Electric, Boeing, and Freddie Mac, just because of their shareholdings. If the share does not exceed 5%, it does not need to be disclosed and there is no specific information.
As for how Simon obtained enough funds to make the investment he wanted, it is not difficult to see this time when Forbes directly gave Cersei Capital a valuation of $30 billion. Cersei Capital is a financial upstart on Wall Street held by the Westeros and his wife in full, and only the shares of its subsidiaries will be distributed to others.
In recent years, every major financial turmoil, whether the European currency crisis or the collapse of the Mexican peso, has not lacked the shadow of Cersei Capital.
What's more, even if there is no Cersei Capital, with the influence of the name of Westeros, it is easy to borrow money from various banks, even if it is billions of dollars.
The world is like this, the richer people are, the more banks like to lend money to each other.
Moreover, it is worth mentioning that the hundreds of billions of dollars in social assets controlled by Cersei Capital’s Black Rock Asset Management Company is a capital chip that cannot be underestimated in the Westeros system.
Compared with ordinary people who are confused, Raymond Smith, who is at the top of this social pyramid, can also better understand what this wealth means.
Today's Americans are inevitably exposed to information related to the Westeros system almost every day, and they may use various products and services related to the Westeros system almost every day. This is the most intuitive display of Simon's personal wealth. , the Westeros system has begun to affect all aspects of Americans.
The industries involved in the Westeros system may not be as sensitive as the energy fields such as electricity and oil. However, if the Westeros system wants to deal with some people now, it only needs to cut off the various industrial services involved, and encounter targeted attacks. People will be very bad.
Up to the White House, down to civilians, without exception.
Therefore, after Raymond Smith learned about the events at the Wisconsin logistics distribution center, he felt that the American Truckers Union had really come out of a big dick.
The demands of the United Auto Workers have brought down the huge automobile industry that could have dominated the world. Such an obvious lesson from the past, and then to the current anti-union trend in the entire American society, how could Igret be a truck driver? The union succeeded.
Coming up with these unpopular means, wanting to lie directly on the Igret company to suck blood, not only will not succeed, but will only make Igret more jealous of the truck driver union. Coupled with the various chronic diseases that these old-fashioned trade unions have accumulated over the years, it is too easy to deal with.
What's more, the one who controls Igret is the world's only $700 billion super-rich.
Not only that, on this year's Forbes list of America's 400 richest people, except for Simon, who is on the top, the entire Westeros system is emerging. The list of 400 people does not count Bill Gates and Larry Ellison. These are just super-rich people who are related to shareholdings rather than the core of the system. There are 37 members of the Westeros system who are on the list supported by Simon himself or the core executives of the Westeros system.
Also almost one-tenth of the ratio.
A given by Simon a few years ago
A generous contract, Raymond Smith himself is also fortunate enough to rank among them with a personal fortune of 450 million US dollars.
In a capitalist world like the West, all these people are a terrorist force capable of destroying any force.
In the entire Westeros system, all the forces come together, not to mention only targeting a certain person or a certain company, even if it is a country, even if the country is the United States, it will inevitably be hurt when confronted. Small countries are more than enough to easily destroy the dead.
In comparison, the capital oligarchs who sold emperors and wars in the long history of mankind are nothing compared to the current Westeros system.
[Tips]: If you think this article is good, please recommend it to more friends! Sharing is also a pleasure.