20 years of restarting life

Chapter 2616 Mike’s Optimistic Confidence

The next morning, Zhao Changan led a team, with Zhou Kexin as the deputy team leader, and took a flight to Toronto with more than 30 grassroots employees selected from One Nano.

This time Zhao Changan came to work in the name of being invited by BlackBerry to discuss cooperation.

More than two months have passed since the last time Zhao Changan left Toronto. Just a few days ago, Nortel Networks released their financial report for the second quarter of 01.

The company's total revenue in the second quarter of this year was US$46 billion, a 72% decrease from US$36 billion in the same period last year. The loss per share was about 48 cents, and the net loss was US$15.5 billion. Compared with the profit of 21 cents per share and the total profit of US$6.37 million in the same period last year, it was simply earth-shaking.

If you add in a loss of $123 billion in intangible assets, including huge charges for restructuring, the company's total loss in the second quarter was $194 billion.

It created the highest quarterly loss record for a Canadian company, and was enough to rank among the top quarterly losses for companies in the world.

The company's stock price has once again plummeted, from last year's highest point of $120 to around $10, and in the past few days it has dropped to 11.90 Canadian dollars ($7.73).

At the same time, Nortel Networks once again announced that it will lay off 7000 people worldwide, with a total of 3 layoffs this year. The company's total number of employees worldwide will be reduced to 6.4.

This is equivalent to a layoff of nearly 1/3.

Of course, with the release of Nortel Networks' second quarter financial report and the stock price falling by more than 23%, the entire Canadian stock market was in mourning.

Naturally, BlackBerry was the first to bear the brunt and was not spared. It immediately fell below the previous support line of around US$4 and was hit below US$3 with a stick, and there is still room for a strong downward trend.

This is why even though Jim has great opinions and views on Zhao Changan, he still decided to let Mike send an invitation to Zhao Changan to restart cooperation negotiations.

In fact, Jim didn't have much expectations for this negotiation at all, because it is impossible for BlackBerry to build any R&D center in China, nor can it jointly build a RIM+PAD Chinese mobile phone and tablet factory under the current circumstances.

Because BlackBerry's sales of mobile phones and tablets this year are facing competition from products from many similar companies, although they are unwilling to admit it, they can only admit that they are in a state of contraction due to being squeezed out.

In other words, BlackBerry now has a lot of empty production capacity and waste. In addition, the capital reserves on hand are getting smaller and smaller, and the stock price has been falling again and again. How can it still spend money to invest and build new factories overseas.

Not to mention anything else, just a large number of laid-off workers in Canada's high-tech industries such as the Internet, mobile phones, tablets, fiber optic telecommunications equipment, etc. can scold BlackBerry.

In Jim's opinion, the best way to cooperate is to continue the mutually beneficial and win-win cooperation that we had with Tianyue Future in the final stage. That is, we can sell BlackBerry's mobile phone assembly line in Waterloo City, which is surplus due to insufficient construction, to One Nano for a fee, and then Nano imports complete machines or mobile phone and tablet components from BlackBerry and sells them in China.

If Zhao Changan still disagrees, then this negotiation will still not have any real results.

However, the advantage is that by hyping up this matter, we can put an end to BlackBerry's disturbing continued decline in the stock market. At least we need to use this news to give the stock market a time buffer and stabilize BlackBerry's stock price at least above $3, or even once again. Rushed back to the $4 range.

Jim had this good idea in his heart and only whispered it to Doug. The reason why he told it was that he was afraid that during the negotiations hosted by Mike and Doug, if Mike got confused and was attacked by this cunning young Chinese named Zhao Changan, The businessman was deceived and signed an inappropriate agreement. At that time, he would still have to negotiate with Mike to overturn these intentions, causing unnecessary arguments between himself and Mike, and even a rift that Jim did not want to see.

After hearing Jim's idea, Doug said with a shocked look on his face: "Jim, it doesn't seem good to do this. Are we using Zhao Changan, the president of One Nano, as a tool?"

"Humph!"

Jim snorted coldly: "If you want to be a successful businessman, you have to put away these so-called morals and principles in your heart. If that young man can cooperate with Tianyue Future like he did before, buy BlackBerry mobile phones and sell them in their country." , isn’t it because everyone is happy? And you have forgotten how much money he made from the stock market by teasing us last time?”

Doug was speechless, but at this time, he was full of pessimism about the stock price trend of the entire Canadian Internet company, and decided that as long as the stock price could stand above even $3 again, he would start selling most of the stocks in his hands. .

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Knowing that Zhao Changan had led a large-scale team here this time, Mike couldn't help but be overjoyed and full of optimistic confidence in this negotiation and cooperation.

Obviously, in his opinion, BlackBerry needs China, an emerging market with a huge economy that is rising at a rapid pace. The 125 million mobile phones purchased from Tianyue Future are the most obvious example.

Now BlackBerry is suffering from the Internet winter, the dragdown of Nortel Networks, and the shrinking sales of RIM mobile phones and PADs. The stock price has fallen sharply, and it needs China as a new economic engine as a driving force.

Moreover, he shares many of his understandings and concepts about future mobile phones with Zhao Changan and becomes a confidant.

How do you think it is a real win-win situation for both parties to jointly invest in building a factory and build a cooperative research and development center for smartphones?

Mike saw this, and he believed that Jim and Doug also saw this, so he invited Zhao Changan and his Yinami to come over to discuss cooperation.

Knowing the arrival time, Mike set off from his home in Waterloo in advance to meet Zhao Changan at the Toronto Airport.

At the airport pick-up station, he saw the management staff of One Nano's Toronto branch, smiled and walked over to say hello, and they waited patiently together.

At this time, only Jin Chenxiao at the Toronto branch of Ynanometer knew about his boss Zhao Changan's ambitions for BlackBerry She Tunxiang, but the rest, including Li Mei who came to pick him up, were unaware.

Although their team returned to Toronto at the end of June, they began to return to their old business and slowly accumulate shares of BlackBerry. Before Nortel Networks released its second quarter financial statements a few days ago, they received instructions from Zhao Changan and began to acquire shares again. All the raised shares were sold out.

This mid-line operation allowed their team to achieve a premium of 6000 million yuan, and also reduced the loss of more than 30 million yuan amidst the subsequent % drop in BlackBerry's stock price.

However, there are already too many criticisms within the team, especially after seeing the magnificent operations of the Meng Xuedong team in Gotham City, including Li Mei, who was fascinated and felt that it was impossible to understand what was going on in President Zhao's brain circuit. What are you thinking about.