Rebirth in a Perfect Era Chapter 1419: Foreign exchange is the biggest key
Remember [lnmao.org] in one second, update fast, no pop-up window, free to read!
This trading day, Apple's stock price is still falling.
The opening price is 5.47USD, which fell below the 5USD mark within one hour of opening. In the afternoon of local time in the United States, a technology media officially broke the news that Jobs resigned from the position of AppleCEO. Once this news was announced, it caused panic in the market again and the stock price was short After a sharp decline, the intraday stock price fell to the horrific 4.23USD.
In order to save the decline, Apple urgently issued an announcement. In the announcement, Tim Cook, who is responsible for sales management of Apple, was appointed to take over the position of Jobs and became the new CEO of Apple. He said that 43-year-old Tim Cook was at IBM Compaq has worked for many years and joined Apple for five years. He has strong personal abilities and hard quality, and knows Apple well, which will lead Apple out of the haze.
Jobs highly recognized Tim Cook. Tim Cook joined Apple five years ago, which was invited by Jobs. In recent years, Jobs has been training Tim Cook as a future successor. This At that time, Apple let @ 出 出 救 场, people familiar with Apple were not surprised.
However, consumers did not expect too much from Tim Cook. The stock price of Apple only rose slightly, and finally closed at 4.53USD.
It was another day of slaughter.
The stock price and market value have shrunk by 17% in one day, which makes people feel cold.
After the end of this trading day, the market value of Apple is only 4 billion USD, and all the actual bearish news of although has been exhausted, but if Apple is delayed on the business line, there is no real way to save the decline. With the continued loss of investor confidence, the stock price of Apple will continue to decline for a period of time in the future.
This kind of decline, like a blunt knife cutting meat, must be a long and endless pain and nightmare.
......
The first thing after Louis Martin arrived at the hotel was to immediately conduct a conference call with Sequoia headquarters. Sequoia is very concerned about every move of Li Mu at this time, especially they feel that Li Mu may have plans to start a billion USD-level commercial acquisition, so it is more urgent to know what Li Mu thinks.
Louis Martin reported the entire process of meeting with Li Mu today to the Sequoia board of the phone. In the end, he concluded: "although I do n’t understand the value of Apple to Muye Science and Technology, but Li Mu wants to eat The determination to play Apple is really strong. Whenever he talks about privatizing Apple, I can feel his excitement. "
Sequoia executives were surprised to one of the most proficient in capital operations: "Li Mu is interested in Apple? Apple's truly profitable product line has already been instant kill by him. Now Apple is a mess. Take all of it Take the line of business and compare it with Muye Science and Technology, you will find that Muye Science and Technology does not need Apple at all;
The business lines unique to Apple will not bring any help to the existing industries of Muye Science and Technology, and their own profitability is very weak, and the cost of continuous research and development is very high; and the overlap between Apple and Muye Science and Technology will be for Muye Science and Technology in the future. It is definitely cumbersome, even if Apple is now priced at 5 billion USD privatized acquisitions, at least there are at least a billion dollars in valuation on the two supply chains of iPod and iTunes. Li Mu buys these two supply chains back. What is the meaning? "
All Sequoia executives fell silent.
No one can understand this problem.
Why should I buy Apple for Li Mu?
With Li Mu's savvy, it is impossible to see the pits inside. The acquisition of Apple is to buy back a huge, unprofitable mess. Li Mu buys back to Apple. It is impossible to retain iTunes and iPod, otherwise it is your own Fighting on his own, but iTunes and iPod have nothing to digest, he can only buy it and put it on hold, which is a complete waste of money.
As for other business lines of Apple, it really does not make sense.
When the chairman of Sequoia was puzzled, he suddenly asked: "Is it possible for Li Mu to acquire Apple for a certain strategic layout? Or is it to clear obstacles for the future of Muye Science and Technology? We ca n’t stay with us On the level of Li Mu, this guy is generally far from the layout. It may be useless for him to acquire Apple at present, but it will be of great use in the future. "
"It's also unlikely." Louis Martin said: "I have carefully studied the current business line of Apple. Except for iPod and iTunes, the rest is the MAC computer business, and the sales of iMac-G4 are already Not very good, the market share of MacOS operating system is also pitiful, and now Microsoft is coming down again, the Mac business will inevitably be affected more in the future, even if Apple is returned to Li Mu, Li Mu is difficult to put this business line of Mac Do it. "
After speaking, Louis Martin said: "Remind that Li Mu has actually invested in a computer manufacturer called Hasee in China, and promoted the government to introduce a internet home benefit policy. This policy is intended to accelerate Increasing the number of China netizens and the number of terminals connected to internet is equivalent to Li Mu has been helping China consumers overdraft their home computer budget in advance. At this time, even if he gets MacOS, it is difficult to promote MacOS to the China market. "
Li Mu's willingness to win Apple is extremely strong. Not to mention Sequoia, even if Apple knows it, I can't guess what Li Mu meant.
In the eyes of Li Mu, the current Apple is a uranium mine whose atomic energy has not yet been discovered. People only see the value of his land, but ca n’t see the wealth contained in him underground. The price of the land is measured, but once the atomic energy is discovered one day, the price of this land will break through the sky.
The “atomic energy” that Li Mu is expecting is one for mobile internet and one for smartphones. Mobile internet is the general trend. Smartphones are the key link for Apple to complete transformation.
Until the rebirth of Li Mu, no company in China has the ability to develop a set of truly valuable operation system, whether it is a computer or a mobile phone, but Apple has this technical heritage, and it even has a set of achievements. MacOSsystem, this thing is the mother of IOS, but she is still a big girl with yellow flowers today.
Li Mu firmly believes that as long as it takes Apple before the arrival of the mobile internet era, MacOSsystem will naturally become a thing in its own pocket. The rest is to increase the overall salary of Apple engineers and let them on MacOSsystem IOSsystem was developed.
By that time, I am afraid that Muye Science and Technology ’s acquisition of Apple will become the most successful acquisition in the history of human enterprises, and there is no one.
Thinking about the investment of billions of USD, it can support the market value of hundreds of billions of USD in the future. This is definitely the operation of the unprecedented and the uncommon.
The chairman of Sequoia could n’t understand the idea of Li Mu's. He smacked his lips and said: “We will not study why Li Mu acquired Apple for the time being. I am more concerned about how Li Mu plans to acquire Apple. With disposable cash, the funding gap is still large. Does he have any plans to refinance? "
"No." Louis Martin poured cold water on the chairman and said: "Li Mu has made it clear that it is not going to refinance before the IPO. At this time, financing is equivalent to suffering a huge loss in disguise."
The chairman of Sequoia said with a smile: "It doesn't matter if you don't raise funds, can't you pick up the key acquisition of Apple?"
Finally, he added: "It is basically impossible for Li Mu to get billions of USD cash now, Muye Science and Technology is not listed, most of the valuations are virtual assets, and the proportion of net assets is too low. Not enough to support billions of USD loans, and when the company is not listed, even the shares ca n’t be pledged, who will give him so much money? The Taobao network ’s redundant funds are converted into a few hundred million USD. And China has foreign exchange control, how can he exchange this money for USD, and then get it to the US market? If Li Mu wants to raise tens of billions of RMB in the country, and then replace them with USD, it is almost a daydream! Li Mu thinks Acquiring Apple without financing, money is not a fundamental issue, foreign exchange is the biggest key! "
Louis Martin said: "I am also wondering, Li Mu now means, let me help his team prepare for the acquisition first, and then go to negotiate with Apple, how to pay after the negotiation is successful, he did not tell me. "
The chairman of Sequoia said: "So, you are not far away to help and not a gang. After meeting with Li Mu tomorrow, give him a cooperation plan. Sequoia is willing to borrow 3.6 billion USD without interest to Muye Science and Technology. The money can be returned after the successful IPO of Muye Science and Technology. If Li Mu does not want to IPO in the short term, the time can be graced to three years, but the condition is that Muye Science and Technology needs to be valued at 80 billion USD, and then the three points of shares are diluted to us. In this case, He only needs to sacrifice three points to get 6 billion USD cash to buy Apple. "
In the view of the chairman of Sequoia, the reason why Li Mu is unwilling to raise another round of capital is because it does not want to dilute its shares. If Li Mu wants to melt 6 billion USD now, the shareholders of Muye Science and Technology must at least collectively dilute 7-8 This point, if you let Li Mu dilute so many shares at this time, it may not be possible to change who is Li Mu, but everything can be discussed. Since 7-8 points are too much for you, then I will ask for less, you dilute three Give me shares, I will give you 2.4 billion USD, and then borrow 3.6 billion USD for you to use slowly, is this always interesting?
There are a lot of hot money in Sequoia's hands and they are always looking for various investment projects. Most of this money is private equity funds. As long as Sequoia promises a rate of return, you can use this money to make venture capital around the world. Tops like Sequoia The old capital, because of its powerful capital operation ability and open eyes, so there is as much money as you want. Today, it is said to be ready to lend Li Mu36 billion USD. At night, countless people take 36 billion USD to come to the door.
Sequoia is also required to pay interest rates for 3.6 billion USD, but the reason why it is willing to lend to Muye Science and Technology without interest is mainly because it can use 2.4 billion USD to re-share Muye Science and Technology three-point shares, Muye Science and Technology three-point shares, etc. Afterwards, even if it is a part of dilution, it can be worth at least one 4-5 billion USD. If it is held in the long-term, the potential benefit is even greater than the interest paid by 3.6 billion USD to Muye Science and Technology in a few years.
Louis Martin naturally understands the chairman ’s intentions. Since he ca n’t bite off a large piece of meat, bite a bite and give some other benefits. Is this the case?
So he immediately assured: "Come on, chairman, I will go to Muye Science and Technology and talk to Li Mu tomorrow morning!"