Chapter 1107: Completely Awakened
"Carl Icahn is a very patient Wall Street wolf, some people have counted, before he has a big move on the target company, he will do an average of about three years of detailed research and capital layout, and generally only play traditional industry listed companies and financial companies, Coca-Cola, Texaco Oil, Global Airlines...... The pen is huge. And the attack on 3DFX is a clear violation of his habits in every sense of the word. ”
"It's likely that Goodman and Hamlin privately divulged him a lot of inside information about 3DFX that gave him the confidence to accelerate his move on an emerging tech company that had just gone public," O'Grady said. If you hadn't woken up suddenly, he would probably have done the same thing we did with VideoLogic, and then launched a hostile merger or aggressively plundered the management of 3DFX after the stock lock-up period. ”
"Hmm."
Song Ya nodded. On the day I woke up, the stock price of 3DFX was at a low of more than seven yuan, and the market value was only 120 million, which was seriously undervalued, but now it is 40 yuan per share, and the market value of 620 million dollars is obviously overestimated.
If he wants to be worthy of this stock price, he has to tell a good story in a short time, and there must be more than one good story, a true story that can stand the test of the magnifying glass of the capital market.
"Is it harder than lobbying on Capitol Hill?"
That's when Sloane walked in, and he joked to the other party.
"It's so much easier."
Sloan replied with a smile: "I had a conversation with the board representatives of VideoLogic, and the results were very good, but after Shoichiro and we reconciled, they felt that they had been betrayed by Sega, and their confidence in the future of the company was even less. Most of them have no resistance to being merged, and the point of disagreement is only whether the price is reasonable. ”
VideoLogic is seriously not a United States company, the R&D studio is in Silicon Valley, the founder McLauren and CEO is British, and it is also listed on the London Stock Exchange, and the current market value has risen to 80 million pounds after Song Ya's fundraising ended, according to one pound to 1.64 meters, the market value is 1320 million meters, which is about the same as 3DFX before it was violently raised.
But in just a few days, everything is different, because 3DFX cannot come up with enough cash, the share exchange will inevitably take the lead in mergers and acquisitions, and it stands to reason that they will not agree to the merger and acquisition according to 3DFX's current high point of 620 million.
But just as Carl Icahn saw through the temperament of the management and board of directors of listed companies, Song Ya and his helpers can now probably understand the psychology of VideoLogic's board members, many times, their personal interests are not aligned with the interests of the company's shareholders, and he asked Sloan to fight for them one by one, and the technical backbone, management, employee directors and INEDs promised new company options, high salaries and broader career prospects, and the directors and representatives sent by shareholders are probably similar, these people will also be tempted to not always speak for the interests of the shareholders behind them.
"I can't lobby all of them, but with the voting rights of your shares, I expect to get a majority of the board of directors to approve it, just to make the merger plan look a little more reasonable."
Sloan reported: "There are only two hidden dangers now, McLauron, the founder of the company, and the representative of the board of directors of NEC. ”
NEC owns only 2.3 percent of VideoLogic, but they also have a board member due to the need for the two companies to work together to enter Sega's next-generation console procurement program.
"Mr. McLauron."
When McLauren, the founder of VideoLogic, walked through the door, Song Ya was hanging from the rehabilitation equipment, held by a professional rehabilitator, and pacing with her feet limp on the jogging belt.
The two looked at each other, most of the founders of companies that joined the IT industry in the 80s were technical giants and idealistic personalities, and McLauren was about the same, but he has been out of the front line for nearly a decade, and he actually does not have many shares in the company.
"WOW, YOU LOOK PRETTY GOOD, APLUS."
A few days later, McLauron, who was 'betrayed' by Sega and attacked by Songya's short selling and board of directors, maintained his British demeanor, and the 40-year-old white man smiled and greeted.
"Thank you, it does feel like it's getting better every day. Uh......"
"Mr. McLauren, straight to the point, I don't shy away from saying that I want to get this merger done as quickly as possible, and it's good for both you and me," Song said. After the merger, we can get Sega's procurement steadily, and our technology also has good complementarity, and there are too many display chip startups on the market now, but according to the experience of other industries, I think only a few large companies will survive in the future, and we are not big enough and strong enough at the moment. ”
"Now the 3DFX stock price is out of an irrational period." McLauren replied, "We have other options, such as ATI, NEC, and some graphics card manufacturers who want to move up the industry...... Even if I don't trade, my company can survive. ”
"I know, I'll make them offer a more reasonable price."
Song Ya did not respond to the other party's threat, and continued to persuade: "Actually, you don't have to think of this as 3DFX's acquisition of VideoLogic, you can look at this matter the other way around, I plan to let you continue to serve as the CEO of the new company, so it is not impossible to say that VideoLogic won 3DFX." ”
"Oh?" McLauren raised an eyebrow, "Mr. Naballard......"
"He's against the merger, so if you agree, the CEO is yours, 3DFX has the world's most sought-after and top 3D display chip technology, and your VideoLogic PowerVR generation has received rave reviews since it went public, and 2D chips have lagged behind other competitors."
McLauren was a little tempted but still noncommittal to say goodbye, and the next representative of the board of directors of the NEC side, Song Ya reiterated that the customized version of the Voodoo2 chips supplied to Sega would be handed over to NEC for manufacturing, and other chip foundry orders would be decided after the cooperation between the two parties.
"Mr. Shoichiro Iriko wants to talk to you."
For NEC, the merger of 3DFX and VideoLogic is equivalent to eliminating a competitor and minimizing the uncertainty of securing Sega orders, which is of course a good thing. But the business logic of this company is not so simple, due to the existence of large chaebols behind them, they are inextricably linked to each other, and sometimes the interests of the company are not the first consideration.
"APLUS, I just agreed to reconcile, and I didn't allow you to engage in these small actions after returning to the United States!"
Shoichiro Iriko is very unhappy, he should think that it is precisely because of his temporary soft-heartedness that it has caused a domino effect on the side of the United States, the more fierce the competition between suppliers, the more in the interests of Sega, and if the merger of 3DFX and VideoLogic is successful, it will be equivalent to dissolving the dispute over the display chip of the horse racing project, "Have you forgotten, how did you ask me in Tokyo!?" ”
"I think it's a good thing that our merger with VideoLogic will provide Sega with even more powerful graphics chips in the future."
Song Ya replied with a smile: "Actually, I forgot to tell you in Tokyo, your company's competition model for suppliers is too unreasonable, our 3DFX products and VideoLogic have their own obvious advantages and disadvantages, if you don't cooperate, you can't make up for it in a short time, and in the end Sega can only get an imperfect display chip." 3DFX 90 points, VideoLogic 70 points, even if you pick 3DFX, you will only get 90 points, what if it is 3DFX plus VideoLogic? Hehe, that's at least a perfect score...... Besides, the sooner we enter more in-depth collaborative development, the faster we can come up with more stable chips for your company's next-generation game consoles......"
"Flim Flam!"
Shoichiro Iriko interrupted even more angrily.
"Don't be like this, I've read the financial newspapers in your country, and everyone praises you for your tolerance and whipping of us, isn't it? You don't want to see Sega and 3DFX quarrel again, do you? ”
"Bastard!"
3DFX If you go back to the United States and continue to tear up,It's too embarrassing for him personally, who has just been touted by the book media.,Shoichiro was annoyed and angry.,Smash the microphone.,Flick your tongue.。
At the same time, in a five-star hotel in Chicago, Amy Adams watched Song Ya, who was crying to reporters at the gate of Highland Park on the TV screen, and complained to her agent Hayden while going around the room: "Isn't he in good health now?" Why don't you want to see me? ”
"He's running out of energy right now." Hayden advised, "You have to understand, Amy. ”
"He even has the energy to see any Compaq manager!" Amy's eyes turned red again as she spoke.
"That's business, he needs to get his money back."
Hayden looked embarrassed, "Look, Halle Berry and Ms. Catherine next door have also been waiting for him for several days, and Blade Warrior is about to start painting, and the heroine and producer have been waiting so hard to see him, isn't it difficult to see him?" ”
"Speaking of which."
Amy was even more dissatisfied, "Forget about Hallie, why is Donnie Breston there?" Still crying all day long, are you so sad for APLUS? I didn't hear they had a leg ......."
"She? Oh, you think too much, Donnie seems to be about to go bankrupt because of her indiscriminate investment, so now she cries every day. Hayden smiled.
"BUT SHE'S ALREADY A QUASI-DIVA!?"
Amy was surprised, "Singers make a lot more money than we do!" ”
"That's true, but who knows how she spent the money...... Anyway, this matter has nothing to do with us, so don't ask too much to avoid irritating her. ”
"Hallie, I'm so miserable......"
Next door, Donnie Bladstone was really wiping tears from Hallie, "It's all your fault, instigating me to buy Netscape stock, now it's okay!" ”
"Don't talk nonsense!"
Hallie hurriedly ducked away, "I just kindly told you that Netscape will rise, who called your manager to help you play what leverage and what futures." ”
"Kind!? You're a blue pool, has it risen? Well? ”
The investment sisterhood is no longer there, and Donny Bladstone angrily reprimanded: "You were still the same as the real thing at the time, and you mysteriously told me to tell me the inside information, and at that time Netscape was a hundred yuan!" What now!? ”
"Uh......"
"No matter what, you have to ask APLUS to give me an explanation this time! Woowoo woo ......"
"Don't, don't!"
Hallie was so frightened that she came over to coax her again, "I was eavesdropping, overhearing him talking about Netscape!" Who knew he would be shot...... Didn't I lose money too? ”
"Then why didn't you go bankrupt with me!?"
“……”
Hallie was speechless, silently listening to Donnie muttering something like 'a hundred dollars cost, liquidation, bankruptcy, ridicule by the whole world' or something, and rolled her eyes.
"Is that you? APLUS。 ”
Song Ya had just agreed to NEC's agreement to increase its shareholding in the new company after the merger, and received a call from Jim Clark, who came up and asked questions without a trace, and didn't bother to care about the patient who had just woken up.
"What am I? Jim. "Song Ya pretended to be stupid.
"The stock price of partners such as Infoseek fell sharply the other day." Jim Clark replied, "Is it you selling?" Tell the truth, don't lie to me, I know you woke up and signed for the law firm of the elder Gates. ”
"I sold a little, but that's because I need cash, I think you've seen the news reports too, and my account is ......," Song Ya replied half-truthfully.
Jim Clark is not easy to fool, "Don't talk about this, the lock-up period of our Netscape stock agreement will end at the beginning of next month, and I need you to sign another one, and the time will be shorter." ”
There was no negative news on the day of the sale of Infoseek and other stocks, and Netscape finally pulled the stock price back to the figure-eight head, and it was inexplicably taken back by the linkage.
"I don't have the energy to do that right now, Jim, and I'm still in a coma for most of my day......" Song Yacai couldn't agree to this condition.
"Sleepy? Aren't you busy manipulating the 3DFX stock right now? ”
Jim Clark debunked, "Even the British from VideoLogic flew to the United States to see you...... You're going to have a board meeting with me in your dreams!? ”
"I'm trying, OK? Jim, I'll be blunt, after the ban is lifted, I'm going to sell some Netscape stocks, and I need money everywhere now. ”
Song Ya interrupted him in turn, "Or will you introduce me to an agency then?" If you don't want to see Netscape's stock price plummet on the same day. ”
"You chose it yourself, huh?" Jim Clark threatened: "Don't forget who brought you to make so much money." ”
And again and again, "I'm funny enough, it's not easy for me to hold on until now, alas! I had six bullet holes in my body, the bullet in my neck, back, legs, and butt that took nine hours to be removed, and the shot in my neck almost broke the major artery, and I was in a coma for five months......"
While complaining, Jim Clark had already hung up the phone.
"The kid is fully awake."
Jim Clark sighed to Bucksd, the president of Netscape next to him.