Chapter 454: Qualcomm's Road

"Guys, we're meeting again!" At the board meeting of Qualcomm Group, Harry Potter said with a smile.

However, compared with before, Qualcomm's board of directors has changed dramatically at this time, and two of the funds sold all their shares to Harry Potter and completely exited.

At the same time, one of the founders also sold his shares to Harry Potter, but he still kept about 3% and remained on the board.

So at this time, in the board of directors of Qualcomm Group, in addition to several founders of Qualcomm, only Masayoshi Son is left.

"Mr. Potter, you've done a really nice job this time, you've been staring at us Qualcomm for a long time!" Son asked with a black face.

"What do you mean by that?" Harry Potter was shocked, could it be that the boss was looking for someone to make trouble in Hong Kong, and was discovered by Son Zhengyi?

"You are still pretending to be garlic at this time, if you hadn't leaked the news to the news media in the United States, and spent money to let those news media report on it, and even fabricated the news that Qualcomm had run out of funds, how could our Qualcomm shares fall to the current field!" Son Masayoshi really hated it in his heart, he had eaten Harry Potter and wanted to make a lot of money.

But what I didn't expect was that Qualcomm's new technology experiment failed, and the other party seized the opportunity to stab the news media, causing Qualcomm's stock price to drop by about half, and his investment in Qualcomm also shrunk by half.

"Mr. Sun, we are all people on Wall Street, and the means of leaking the news to the media are still means? Isn't this all our daily routine? Harry Potter laughed and said, "If it weren't for your own lack of courage and the failure of the experiment in Hong Kong, we wouldn't have been able to spread the news, would we?" ”

"Besides, isn't Qualcomm already running out of money? How many dollars do you have on your account? Harry Potter asked with a smile.

"No comment!" Son said through gritted teeth.

"Oh, I almost forgot, I'm the chairman of the board now, I don't have to ask you. Come on, go on, the financial director will come to me, and I want him to report to me on the financial situation of the group! Harry Potter said with a smile, and the others suddenly turned to ashes.

Soon, the financial director arrived, knowing that the new chairman would be asking about the finances, so he handed Harry Potter a list of assets that had been prepared long ago.

"Tut-tut, it turns out that we don't even have $1 million in our accounts, and even the funds to consign those 18 pieces of equipment back by plane are not enough, I can't imagine that Qualcomm has been miserable to such a point!" Harry Potter said in a weird way, but the other directors could only smile bitterly.

No way, Qualcomm really has no money, they originally planned to take advantage of the success of the experiment to open a new round of financing to make money, but they didn't expect the experiment to fail, the stock plummeted, and now there are still people willing to invest in Qualcomm to have a ghost.

"Mr. Chairman!" Owen Jacob stood up and said, "Since you are still willing to join Qualcomm at this time, it means that you are still optimistic about Qualcomm's prospects, and we hope that the board of directors will immediately issue additional funds to maintain the company's operation!" ”

"Additional issuance at this time? Who do you expect to pay for these shares? Harry Potter shook his head and said, "It's useless, now the company's stock is plummeting, and if you issue more now, it is equivalent to telling all investors that the company has no money, so that the company's stock will only fall even more, and no one will be willing to buy the stock at all!" ”

"This ......" Owen Jacob is a researcher, he doesn't know much about the operation, but Harry Potter makes a lot of sense. He looked at Masayoshi Son on the side again, and found that Masayoshi Son was also silent, and did not jump out to refute, indicating that what Harry Potter said was true, and it was impossible to raise money for additional issuance now.

"What if it is a private placement?" Suddenly, Son Masayoshi on the side said, "Since Mr. Harry Potter is still willing to buy shares even though he knows that our company is short of money, this shows that Mr. Porter does have expectations for the future of Qualcomm, so it is natural that Mr. Porter is investing a sum of money to maintain the operation of Qualcomm!" ”

"Wouldn't it be nice if we would issue a portion of Mr. Porter's shares to Mr. Porter, so that Mr. Porter's equity ratio could be increased, and the company could also get a sum of financial support?"

"This ......" Harry Potter hesitated for a moment, then looked at the other shareholders and asked, "Do you have any opinions?" ”

"We have no opinion?" All the shareholders shook their heads desperately, what are they kidding, if they refuse to issue private placements at this time, the company will really be finished again.

Therefore, after the unanimous consent of all members of the board of directors, the board of directors of Qualcomm decided to issue an additional $50 million of shares to the United States Priority Foundation, so that the proportion of the foundation's equity in the board of directors has increased from the previous 51% to 68%.

In addition to the remaining 8% of the outstanding shares, Owen Jacob still has 7% of the shares left, and the other founding shareholders still have about 14% of the total shares, while Son's shares have dropped to 3%, which is pitiful.

However, what made Harry Potter a little bad was that he once approached Son Zhengyi in private and expressed his willingness to get 3% of the shares in Son Zhengyi's hands, but Son Zhengyi refused, and he wanted to stay at Qualcomm, which made Harry Potter helpless.

Immediately afterwards, Qualcomm announced the drastic internal equity changes, as well as the fact that the company was basically acquired by the United States Priority Foundation, and also released the news that the company had received $50 million in financing.

Stimulated by the good news, Qualcomm Group's stock price finally stopped falling for several days and stabilized again, but Qualcomm was also greatly damaged, and in the eyes of outsiders, Qualcomm seemed to have to wait for a slow death.

After the board meeting, Owen Jacob approached Harry Potter and asked him to resign as president and CEO of the company.

"Why is that?" Harry Potter asked in surprise.

"It's my fault that the company is in crisis this time!" Owen Jacob sighed, "This time the CDMA experiment failed under my leadership, and I should take the blame and resign." However, Mr. Chairman, I still firmly believe that CDMA is still the unswerving development direction of Qualcomm in the future. Although we failed this time, we must not give up, we must unswervingly go on, and sooner or later we will be able to succeed! ”

"It's a pity, I'm leading everyone down now!"

"Mr. President!" Harry Potter smiled slightly, and then handed the manual resignation report back to Owen Jacob, "It's the best president of the company, I never wanted to replace you, otherwise without Qualcomm it would really be a fly without a head." ”

"Thank you, Chairman!" Owen Jacob looked grateful, and then asked tentatively, "What is the direction of the company......

"Now that we have invested hundreds of millions of dollars in research funding at the CDMA, wouldn't it be a waste of all our previous efforts to change direction? And I've heard that the experiment wasn't a complete failure, and the communication was still established, just not stable. So I suggest that the company refurbish the equipment and start the experiment again! ”

"Start the experiment again!!" Owen Jacob's face was flushed at first, but soon he smiled even more bitterly, "Mr. Chairman, its realization has been almost occupied by the second-generation communication protocols of other companies in the whole world, Europe, North America, Fuso, all have their own set of communication protocols, and now only a part of Asia has not been occupied." ”

"Originally, we planned to use Hong Kong as the most important experimental and promotion base, but with the failure of the last time, Hong Kong and Hong Kong have refused to continue experiments with us, and some other small countries do not have the conditions to carry out experiments at all, where else can we carry out experiments?"

Owen Jacob said with a sigh.

"Mr. President, there is one thing I am very curious about!" Harry Potter tapped lightly on the table and said, "Why do you turn a blind eye to the fact that there is a country with the largest population and the third largest land area in the world, and there is nothing on the land?" ”