Reinventing the Millennium.

"Aren't you threatening him by telling T-Mobile in person like this? How did Legere react?"

"Did you actually contact AT&T?"

"AT&T is probably not easy to talk about, after all, it has a deep connection with Apple."

When Yu Hong heard the simple communication mentioned by the boss after the red wine tasting meeting, she turned her attention away from the Yike Mars prototype in her hand.

"Who says no? It's very difficult." Fang Zhuo shook his head slightly. "I really contacted AT&T. They only maintain limited enthusiasm. It's hard to talk about the operator."

He continued: "We and Google were too optimistic before. Whether it is AT&T, T-Mobie or even V merchants, it is likely that the performance of Apple's mobile phone sales will change."

AT&T is willing to gamble, but the bet is on Apple's side.

T-Mobile has increased its investment in 3G, but the management headed by Legere is not in a hurry to make a bet decision immediately.

Fang Zhuo commented: "This is destined to require multiple rounds of lengthy negotiations. Changes may occur between now and before our mobile phones are actually launched. As I said, Yike can talk about different cooperation methods."

Yu Hong looked at the serious President Fang, and suddenly raised her phone to take a photo of herself with the front camera.

Well, my expression is also very serious.

"45 degrees, 45 degrees." Fang Zhuo reminded.

Yu Hong corrected the way she took pictures, um, this time she has a pretty face.

Fang Zhuo glanced at Xiao Yu who took the selfie, and thought: "There is also good news at the reception. Anderson from Qualcomm told me that although the discussion with V was not very good, they are still willing to cooperate more closely with us. We are building a more powerful R&D team to optimize and develop more for the Android system."

Most of the Yike Mars mobile phones are chips from Texas Instruments, and some are Qualcomm MSM series chips, such as MSM6245, which support image processing of 200-megapixel digital cameras, and also support Bluetooth, 2D/3D graphics, and video streaming media playback and recording and video calling capabilities.

According to Anderson, Qualcomm can develop independently for the Android system on the MSM (Mobile Station Modems) platform.

"Multiple cooperations? Including ice core foundry?" Yu Hong asked.

Fang Zhuo nodded: "The operator is very stubborn. Qualcomm has a similar understanding of the future development of mobile phones as we do, and is willing to let go of V's communication standard position first. I also agree in principle to carry out multi-faceted cooperation with Qualcomm."

As the vice president who has been in touch with Yike, Anderson was both frustrated and excited at the reception. The reason why he left the stubborn V business first is that Ice Core is expected to form a 65nm production capacity in the third quarter of this year.

Qualcomm believes that the cooperation model from design to foundry to terminal can bring additional market competitiveness to Yike mobile phone.

On the eve of the era of smarter mobile phones, even looking at the market, there are not many manufacturers such as Yike that can be integrated. Although it is still immature, the prospect is very good.

Otherwise, Nokia has Texas Instruments chips, Samsung is self-developed and exported to Apple, Sony Ericsson also purchases most of them from Texas Instruments, and Motorola has many models that cooperate with Qualcomm, but it has been declining and is still in communication standards. Create a hostile camp on the top.

Combining various factors, Qualcomm chose a new company to enter the market as a breakthrough direction in the 3G era.

Even if the Yike mobile phone is unsuccessful this time, we can continue to look at the performance of the Android system that promotes open source.

Yu Hong put down her Mars phone that was starting to become unstable again, and said in a deep voice, "Qualcomm is good news. If we still can't reach an agreement with the operator, we still have to come up with a charter in May, even if it's temporary."

She further said what Mr. Fang said: "Google and Yike are tied together. Qualcomm has now decided to cooperate more. What we are now facing is the attitude of operators."

"What makes a difference in the performance of Apple's real sales is the confidence of the carriers."

"In this case, in May, before Yike's press conference, we can draw up a step-by-step sales condition with the operator. Otherwise, we can't mention our cooperation with the operator at the press conference, right?"

Fang Zhuo understood Xiao Yu's meaning.

Ladder sales, or betting against sales, for example, if the sales volume exceeds one million, what is the purchase price of the operator? If the sales volume exceeds 300 million, the operator has a different price. Apple participates in the sharing of revenue from new Internet users.

It can be a draft, regardless of whether it can be implemented in the end, at least, Yike's press conference in June has a complete outline.

My mobile phone can be displayed, although it faces the risk of black screen and shutdown.

I've negotiated a carrier partner, although it may change.

In short, Yike's June conference needs to be a successful one.

Just like what Google's Schmidt disclosed, even if the Apple mobile phone modifies the signal display on the screen, even if the operator is required to set up equipment in the venue, the press conference must be held.

Fang Zhuo agreed to Yu Hong's proposal after a short thought.

This can also be regarded as a demonstration of Yike Mobile's own confidence.

The specific sales target needs to be negotiated with operators after consultation with Google and Qualcomm. Of course, the lower the sales target, the better.

"The cooperation with the operator is really a painful process, but the result may not be beneficial." Yu Hong was a little emotional, and what worried her most was that Yike mobile phone would be overthrown and restarted because of the operator's opinion.

She was quite satisfied with the Mars phone in her hand.

Such a mobile phone will continue to be polished for another nine months, and it will definitely bring consumers a better experience.

"Just keep making progress, and hope it won't be sealed up in the lab," Fang Zhuo said.

Yu Hong looked at the front camera on the phone: "I hope the ladies will give Mr. Fang a chance to make friends."

Fang Zhuo laughed out loud.

Speaking of Women's Friend, in addition to the efforts of Yike mobile phone on the front camera, the domestic e-buy has been negotiating cooperation with cosmetics manufacturers in Japan and South Korea, and it may be expected to be launched this year.

……

The wine tasting was a great success.

Even Zhang Chaoyang, the patron, was very satisfied.

I thought that the head of Sohu could go back home, but unexpectedly he said willfully that he would study in the United States for a week or two, and he also planned to visit MIT where he was studying for a Ph.D.

Fang Zhuo admired Brother Chaoyang very much, so he lent him the somewhat expensive Qingzi to fly over the United States.

When people go to New York instead of going directly to Silicon Valley, in addition to contacting Sony, Qimonda, Qualcomm, etc., one very important thing is to have a clearer understanding of the situation of their own funds in the financial market.

On March 3, another two subprime debt institutions announced their closure.

On March 3, the wave of business closures did not stop, and there was still a mortgage company that collapsed at the end of the month.

On March 3, Fang Zhuo met Kong Yu, who had flown back from Washington, at Yike's New York office.

While waiting for Kong Yu to come over, he took the time to read the latest "New York Times", "Wall Street Journal" and other media newspapers.

Anyone with a discerning eye can see that there is a problem with the subprime debt of American housing, but there are still well-known institutions in the newspapers who are propagating that the financial sector will not be greatly affected and will soon usher in a rebound.

For example, Dillon Read, a hedge fund owned by UBS Group, vowed that short selling has no future, believes in the adjustment ability of the US market, and believes in the prosperity cycle of the US financial sector.

UBS is well-known all over the world, and UBS is its brand.

The hedge fund Dillon Read has the endorsement of UBS and has been very influential in the US market.

Similarly, the well-known investment bank Bear Stearns also said that the problems in the real estate market are regional and will be digested slowly, while the fluctuations in CDOs will not affect the entire financial market.

At nine o'clock in the morning, Kong Yu arrived at the office.

When he saw the newspaper his boss was reading, he made a new judgment: "Mr. Fang, UBS's hedge fund Dillon Read may be forced to liquidate. It will at least lose hundreds of millions of dollars this time."

Fang Zhuo was a little surprised, and pointed to another section in the newspaper.

Kong Yu took a look and replied: "Bear Stearns has two hedge funds, and the situation may not be very good. There is no movement now, and it will definitely explode in the next two to three months. The overall confidence in the market is declining. .”

"Looking at the voices of these famous newspapers and institutions..." Fang Zhuo shook his head and said with a smile, "Where is Lehman?"

Kong Yu knew that Mr. Fang shorted Lehman in an aboveboard manner. Although he was not responsible for it, he also paid attention by the way: "The size of Lehman's CDO is relatively secret. In the future, its stock price may be relatively stable."

He organized his words and explained to Mr. Fang: "From a certain point of view, Bear Stearns' voice in the New York Times is also reasonable. The current housing market is not very good, but the commercial real estate field is different."

"The U.S. housing market and commercial real estate, the latter of which has consistently had excellent loan default rates."

"Lehman invested a lot of money in commercial real estate, replicating the logic of making money in the residential market."

Before this year, the housing subprime bond market was booming because it didn't have a high default rate.

Now, with housing subprime loans starting to default, Lehman is smart enough to start investing in commercial real estate where the default rate is still low.

What does your housing default have to do with my commercial real estate?
The premise is that the former turmoil is localized and will not cause a chain reaction through the financial market.

Kong Yu didn't know whether Bear Stearns was just trying to boost confidence or really believed in its rhetoric, but judging from Lehman's actions, it believed that commercial real estate could bring new profit prospects.

What is the crisis?
Crises are also opportunities.

The housing market is facing a blow → fewer people are buying houses → there is still demand for housing from the same population → housing prices and rents for apartment real estate are promising.

Lehman is now vigorously developing commercial real estate and the bond market it forms.

Kong Yuzai carefully explained the logic and what he observed to the boss.

"Interesting, I thought that Lehman would fall into a slump soon." Fang Zhuo didn't feel bored listening to these things, but only admired Lehman's spirit of picking chestnuts from the fire.

Kong Yu said in a low voice: "That's why our short sellers have different judgments. We believe that the movement of the residential mortgage market will be transmitted to the entire financial system and cause a huge crisis."

The short-selling power in the market is gradually increasing.

For example, the funds of Paulson, the big short, have increased rapidly since the beginning of the year. When Kong Yu injected capital, the size of the fund managed by Paulson was about 10 billion US dollars, and now it has expanded to 70 billion US dollars at an astonishing speed.

Two completely different judgments have been formed on the market for future development.

You say you are right?

Could the European giants and well-known investment banks be wrong?
Right and wrong can only be left to time.

Fang Zhuo heard the industry news from Kong Yu for a while, and his own funds were firmly making money, but in addition to the housing market, the wider financial market was still relatively stalemate, and even many institutions, like Lehman, believed that they could Restoring the glory days of subprime bonds in commercial real estate.

At eleven o'clock in the morning, Kong Yu's report was basically completed.

Fang Zhuo planned to have lunch with this hard-working President Kong, and then listen to the inside story of the industry.

When a group of people walked out of the building, there was a dull "bang" a little far away, and there was a sudden commotion.

Fang Zhuo and Kong Yu stopped.

None of them stepped forward.

"There are many financial institutions nearby." Kong Yu said so, and then looked up at the tall buildings, the heights were extremely cold.

Fang Zhuo looked at the sudden situation that had already begun to be dealt with, and thought about Kong Yu’s analysis of Lehman’s issuance of commercial real estate bonds in the morning, and sighed: “It’s so crazy when chasing profits, and how desperate it is when it goes bust. "

Kong Yu no longer looked at the direction of the commotion, he had done enough psychological construction for his market judgment, and said, "Let's go, Mr. Fang, come and see when you're full."

Fang Zhuo glanced at Old Kong in surprise. He who chose to shave his hair seemed to have more of a forager's air.

……

While Fang Zhuoren was feeling the fluctuations in the financial market in New York, someone uploaded a blurry video on YouTube, an American video site.

The picture is a bit shaken, it should be taken with a mobile phone.

The owner of the mobile phone first captured a yellow-skinned Chinese man, accompanied by the voice-over of "It's Fang, the Rockets boss", and then the screen followed the Rockets boss. Just a few steps away, I heard the voices of two other people discussing this year. Rockets.

"The Rockets are only ranked fifth now, and they will definitely not win the championship this year."

"Hey, the Rockets' three-peat is a dream, and they are destined not to win the three-peat."

The Rockets once won two consecutive championships in 93-95, and now they are also winning two consecutive championships. However, this year's injuries are serious, and the prospect of winning the championship is not optimistic.

The Huaxia man in the picture stopped, and the discussion between the two continued.

"The Rockets can win the championship this year, unless the black man who announced his candidacy can become president, hahaha."

They all laughed. In February of this year, the black little Ao announced his candidacy for the head of the United States.

At this time, the Huaxia man continued to walk forward, walked up to the two of them, and said something seriously.

"Why not?"

The two were a little surprised to meet the owner in the restaurant, and one of them laughed and asked, "Do you really believe that your team can win the championship? Really? Fang, from the heart?"

The Chinese people still say the same thing: "Why not?"

He even repeated loudly and even a bit defensively: "Why not?"

The video ends soon.

Unless a black man becomes president, the Rockets won three consecutive championships.

This video has sparked dissemination and onlookers on the most popular YouTube in the United States, and some people commented unceremoniously below.

"If the No.5 rocket can win the championship, a black man may really be able to be president."

"If I were Ao, I would pray for a miracle for the Rockets right now."