Chapter 967 Silver for Gold

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In fact, Simon had already started to set up a venture capital fund to seize the Chinese Internet industry. Hearing Chen Qing's words, he just nodded.

Don't put your eggs in one basket is Simon's consistent motto.

The venture capital funds that have been established are all under the names of companies related or unrelated to the Westeros system, such as Westeros Corporation, Igret Corporation, and Cersei Capital. One more Chen Qing is not too much.

Chen Qing actually knows this. The industries in China that she and Lin Su are responsible for only account for a very small part of Simon's layout in China, maybe less than one-tenth. In the final analysis, the two of them are lovers to Simon. There are still more identities than assistants. This man has no intention of restricting them, but he obviously does not have too many expectations.

This is not what Chen Qing wants.

However, Chen Qing knew better that in order to break through this boundary, she had to make real achievements.

Thinking of this, Chen Qing brought the topic to the vcd industry that was in full swing on the other side of the ocean.

According to the latest statistics, as of last week, the total vcd shipments in the entire Greater China region reached 5.23 million units. It is expected that the overall shipments in the first half of the year are expected to exceed 6 million units. Compared with the conservative forecast of 10 million units at the beginning of the year, the whole year of this year , the total vcd shipments in the entire Greater China region may be between 14 million and 15 million.

As the only supplier of vcd video decoding chips, Scooby can maintain a high net profit of around US$15 for each vcd video decoding chip, even if it continuously reduces prices in order to promote the popularization of vcd prices and snip potential competitors. Add in vcd solutions and other parts and components, and Scooby's net profit for the full year 1996 could reach $300 million.

The most amazing thing is the market value of Skober.

Due to the unexpected sudden outbreak of the vcd industry in Asia, this humble video chip design company with a market value of just over $100 million before the acquisition by the Westeros system last year has now reached a market value of $16.3 billion on the Nasdaq market. According to the single-quarter earnings report of the previous quarter that has been released, the price-earnings ratio has reached an astonishing 81 times.

This actually proves once again how crazy the current new technology industry is.

Last year, the Westeros system took more than half of Scooby's shares, costing a total of $94 million. Now, the Westeros system directly holds 47.70% of Skober shares, Chen Qing and Lin Su each have 2.65%, adding up to 53%. In just over a year, the book value of the shares invested in this part has grown. To 8.639 billion US dollars, the value-added reached 91 times.

Not to mention the book income that Simon obtained because of this, it is just that Chen Qing and Lin Su, the stock value in their hands has exceeded 400 million US dollars.

Such a net worth is already close to the entry threshold of the 400 rich list in the United States.

With the continuous rise of Scooby's stock, and the fact that both women have become American nationals, as long as they are willing, the two will be successfully promoted to the Forbes 400 Rich List in the second half of the year. There is no suspense at all. In just over a year, two brand-new super-rich people at the level of the 400 richest people in the United States have been created. Only the Westeros system has this crazy wealth-making ability.

Chen Qing huddled in Simon's arms and chatted about related topics. Thinking of this, even if she had the most daring ambition, she never expected that she would be able to reach this level: "400 million US dollars, boss, I don't know how to spend it. already."

At this stage, China's domestic, let alone 400 million US dollars, there are very few rich people with a net worth of 400 million yuan.

Simon smiled and said: "Don't be so unpromising. In addition, I remember that you pledged this batch of equity. This matter should have been dealt with in the first place. Be careful of self-defeating."

Chen Qing nodded: "Of course, I'm still glad that I only pledged and didn't sell it, otherwise I would be crying now."

Last year, in order to subscribe for Igretech shares, Chen Qing pledged the Skober shares in his hands to obtain 20 million US dollars. After Igretech went public, the stock price rose sharply, and Skober's increase was even more crazy. Quickly sold some of Igreit's stock to pay off debt.

Looking at it now, the market value of Igreit has only tripled since its listing last year, while Skober has skyrocketed more than ten times.

Chen Qing is really glad that she didn't cash out last year.

You must know that she really had this idea at the time. After all, Scooby's stock has more than fivefolded in just half a year, and in her opinion, it is already in a very high position, not to mention that her own boss is still there. Skober's prospects are not very optimistic, and everyone is more optimistic about Igret's future.

Igret has risen from the $100 billion IPO level to the current $300 billion level. The growth rate of such a volume is also terrifying.

It's just not as crazy as Skober's after all.

After all, Skober's volume is small enough, in addition to its own performance and halo, it is also convenient for the capital market to hype.

Fortunately, I met Bill Spoulter of First Boston at that time, the husband of Grace Spoulte, and the other party helped her introduce the pledge channel without cashing out.

So again the importance of connections is shown.

This is also because even though the wings are a little hard now, Chen Qing has no intention of leaving the man beside him.

After leaving, maybe the assets she has now will never be spent in her lifetime, but at the same time, she also has a lot of things to climb up the ladder, which is still the most shallow result. Even after losing her support, Chen Qing knew that she was likely to become a child carrying gold nuggets through the busy city,

It is bound to attract a lot of ill-intentioned coveting.

This world is far from being as peaceful as ordinary people imagine, especially at the top of the pyramid. The higher you go, the more dangerous the storm.

The Asian vcd industry in memory broke out in 1997. Now, because of the influence of Simon, the big butterfly, this event has been brought forward a year.

Similarly, stimulated by the outbreak of the vcd industry in Asia, the promotion of dvd has also been greatly advanced.

Therefore, the rapid growth and rapid decline of the vcd industry is almost inevitable.

Simon thought so, and said to Chen Qing: "Also, don't forget what I said to you at the beginning, now I can transform or cash in on Skober, my goal here is too big, I can only slowly Come on, you and Lin Su’s shares are both below 5%, and the restrictions are very small, you can liquidate your positions as soon as possible, don’t think about waiting for the stock price to go higher, etc., greed usually doesn’t end well.”

Chen Qing nodded obediently and said, "Scoop's DVD decoding chip can start shipping by the end of the year at the earliest. Since the boss said that DVD is the future, even if the VCD in Asia is rapidly declining, we can continue to occupy the DVD industry. A certain share can also continue to support Skober's performance. In addition, boss, although as a major shareholder, you can't directly cash out too much, but with Skober's high market value at this time, we can take it. Scoop's stock is the money to make a buyout, isn't it?"

Simon was stunned for a moment when he heard what Chen Qing said, and then smiled: "It seems that you haven't relaxed your homework on Wall Street."

The most classic case of taking high-value stocks as 'banknotes' is the acquisition of Time Warner by AOL at the peak of the bubble in Simon's memory. In this transaction, all the shareholders of the original AOL made a lot of money. .

You must know that after the completion of the previous transaction, the new technology bubble burst, and the value of AOL quickly shrunk by as much as 90%. This is the true value of AOL.

Without that merger, it would actually mean that all AOL shareholders would lose 90% of their stock value after the burst of the new technology bubble, and even if AOL went bankrupt due to the deterioration of the situation, it would be worthless.

In comparison, Time Warner's stock price in the process of the new technology bubble is also high, but the gold content is also high. When AOL and Time Warner merged at a ratio of 55 to 45, it was equivalent to AOL shareholders holding only one-tenth of the value of AOL shares in exchange for the valuable Time Warner shares.

To use an image metaphor, AOL shareholders are equivalent to exchanging silver bullion that is seriously overvalued to be equivalent to gold for half silver and half gold. When the frothy silver price fell back to normal levels, the remaining half of gold was real.

Similarly, the full amount of gold in the hands of the original Time Warner has become half gold and half silver, which is equivalent to a direct loss of more than half.

Now Scooby's market value is not entirely a bubble. After all, it is expected that the annual net profit of 300 million US dollars is a certainty, but the prospect of the vcd industry is doomed that the company's high market value will only be short-lived.

In this case, Simon, as a major shareholder, is unlikely to cash out too much in the short term. Using the shell of Scooby to directly initiate an acquisition is undoubtedly the best solution. To initiate an acquisition now, as long as the right target is selected, It is also equivalent to exchanging actual silver for the same total amount of gold.

When the tide of the vcd industry fades, there may be another gold mine left in the Westeros system.

The question now is which target to choose?

Holding the nephrite jade in his arms, Wenxiang discussed for a while, but for a while there was no result.

The vcd industry in Asia can maintain its heyday for at least two years. This matter is not urgent, and other topics have been changed.

Unconsciously it was late at night.

Occasionally grabbed the man's arm and glanced at the Patek Philippe watch, and found that it was already more than ten o'clock. Chen Qing slid out of Simon's arms charmingly, and knelt on the carpet beside the man's feet, looking up at the man with a very expressive expression. Interested Simon, small hands deep to the man's belt.

was blocked.

Simon smiled and held up the woman's delicate chin, stretched out a forefinger and quickly traced it on Chen Qing's forehead.

Chen Qing blinked her eyes before she could react.

This is a 'forbidden' word.

Come again.

Without giving up, she put her hands on the man's lap and rubbed it. Chen Qing still looked up at Simon in a posture that could stimulate a man's interest: "Boss, it's not bad to be so restrained occasionally, isn't it?"

Simon bowed his head to admire for a moment, then pushed the girl and said, "I'm not a hard worker, and I don't want to be sucked dry by you goblins at a young age. Hey, go to the coffee table."

Chen Qing persisted for a while, but seeing no effect, she walked obediently with her knees back to the coffee table next to her.

However, another problem was immediately discovered, and the girl sitting on the coffee table blinked: "Boss, I'm the only one."

Simon just raised his chin, crossed his legs, and looked like he was waiting to watch the performance.

Chen Qing didn't say anything anymore, but her expression quickly became resentful, her eyes glowed like water, she bit her red lips lightly, and began to change her posture.

The next day is Saturday.

In the early days of Simon as usual, Chen Qing, who performed very 'hard' alone last night, rarely stayed in bed until Simon had breakfast and did not appear again.

There are no special arrangements today, Simon had breakfast and rushed to Manhattan by helicopter.

First of all, there are some day-to-day tasks to deal with.

Busy in Manhattan

One morning, near noon, I flew to East Hampton, Long Island by helicopter again, and had lunch with the mother and daughter I raised here.

After lunch, the afternoon is rest.

Instead of going to the girl from the Guofeng Art Troupe, she sat under the porch in the backyard of the villa and read the script.

A project called "Extreme Cold" just sent over from Los Angeles.

Of course Simon knew.

This was a typical Disney failure in the late 1990s, with more than $50 million in investment and just over $10 million at the domestic box office.

If you think about it, in the past, in the late 1990s, Disney experienced a series of times such as Jeffrey Katzenberg's runaway and Michael Ovitz's expulsion. Although it successfully merged with the Metropolitan ABC Group, Michael · Eisner is still in power, but then it is not as dazzling as the era.

The only thing that can be done is Pixar's animation.

Pixar just doesn't belong to Disney.

Because of Pixar, it has also led to the continuous growth of this 3D animation film company, further eroding Disney's own resources, and even a super big oolong about "The Sixth Sense". This low-budget horror thriller, which cost just $17 million to make, grossed over $600 million worldwide.

For outsiders, Disney must make a lot of money for such a return on investment.

Actually it is not.

Because the performance has been sluggish, Disney still has no confidence in the low-cost new work directed by this newcomer, despite the participation of big names like Bruce Willis, so it sold the copyright of "The Sixth Sense" to an independent company in advance. As a company, Disney itself only retains distribution rights.

The results are predictable.

In the end, Disney only earned a distribution fee from the huge box office of "The Sixth Sense", including the follow-up video tapes and TV broadcasts. These big heads have nothing to do with Disney at all.

Suddenly thinking of these, Simon couldn't help but introspect and reflect. .

Daenerys Entertainment is in full swing right now, but it's not something to sit back and relax.

After all, when a company is too large, all kinds of problems will inevitably arise. Simon has always wanted to let Daenerys Entertainment go as much as possible, but he also knew that once he let go, the huge Daenerys Entertainment would probably fall into the same situation as Time Warner in the years after Steve Ross died. .

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