Reborn in Hong Kong as a Tycoon

Chapter 357 IBM wants to acquire Apple
"Jobs! Bill!"

Lin Baicheng walked towards Jobs and Bill Gates.

"Ellen!"

Seeing him coming, Jobs and Bill Gates stopped to chat.

"Why didn't you see Paul?"

Lin Baicheng asked Bill Gates. He just looked around the hall and didn't see Paul Allen.

Bill Gates said: "Paul has something to do today, so he can't come here. He asked me to say sorry to you on his behalf."

"It's okay, if there's no way to come over and say something."

Lin Baicheng waved his hand, he may have something to do at home, it is impossible to force him to come over.

Jobs next to him said to Lin Baicheng: "Allen, can you spare some time later, I have something to talk to you alone."

"no problem."

Lin Baicheng nodded in response, then told the two that he was going to greet others, and left first.

This time, because the party was held temporarily, most of them were old acquaintances except for the Republican congressmen who had no time to come.But there are also newcomers, Sun Yiyang from the Golden Fleece Company, and a man named Ganus Wilson.

Ganus Wilson is well-known in the semiconductor industry in the United States, so he was recruited by Isabella to Galaxy Semiconductor Company as the director of the R&D department.

Galaxy Semiconductor, just registered not long ago, is actually a wholly-owned subsidiary of Xiangjiang Galaxy Semiconductor.

Lin Baicheng greeted everyone, and specially chatted with Sun Yiyang and Ganus Wilson for a while. After all, this was the first time he met them.

By the time Lin Baicheng went to find Jobs and took Jobs upstairs to the study, nearly an hour had passed.With Haruko Mori and Isabella helping to greet the guests, it is not a problem for Lin Baicheng to leave for a while.

"Jobs, you can now tell me if there is anything you want to talk to me in private."

After the two sat down, Lin Baicheng said aloud.

"Ellen."

Jobs didn't say what it was, but said: "Apple can develop so fast, thank you for your support, I hope you can continue to support the board of directors and me in the future."

"That's what I should do, after all, I'm also a major shareholder of Apple."

Lin Baicheng nodded casually, and said, "Why did you suddenly mention this?"

"Is such that."

Jobs straightened his face, and said in a deep voice, "IBM has the idea of ​​acquiring the company, and has recently started contacting shareholders. I only found out about this the day before yesterday."

"IBM wants to buy Apple?"

Lin Baicheng was very surprised when he heard the words. He didn't seem to have heard of IBM's acquisition of Apple before his rebirth, but it might be because he was ignorant, after all, he didn't know much about Apple before his rebirth.

"What do you think?"

Lin Baicheng asked aloud, he was not sure whether Apple would accept IBM's acquisition because of his participation.If this is the case, then he can only sell the stock, because the Apple company acquired by IBM is no longer the Apple company in his memory.

"Of course it is refusing to be acquired."

Jobs immediately said: "We created Apple alone. If the company's development is not good, it's fine, but the company is doing very well. How could we agree to sell the company?"

Lin Baicheng asked: "Is this your personal idea or everyone's decision?"

Jobs replied, "Mike hesitated, but Steve and I are on the same page."

The Mike Jobs spoke of was actually Mike Markkula, the angel investor who initially invested $25 in Apple.He was a businessman, and as long as IBM's offer exceeded his expectations, it was normal to want to sell his shares in the company.

When Lin Baicheng took a stake in Apple, the valuation of Apple exceeded Mike Markkula's expectations, so he sold 15% of the shares directly.

"As long as you don't want to be acquired."

Lin Baicheng nodded and said: "I personally don't want Apple to be acquired, I also want to go with Apple when the bell rings for listing. So, you don't have to worry about me, I won't sell the shares in my hand Sold to IBM, unless IBM can value Apple at more than $10 billion."

"Alan, if IBM's valuation of Apple is so high, I'm afraid we can't resist it."

Jobs couldn't help but shook his head and smiled bitterly. It is absolutely impossible for IBM to value Apple at such a high level.If such a high price is really offered, don't look at what he just said so nicely, he knows very well that he can't stand the temptation of such a high price, and neither can the other two.

Lin Baicheng asked curiously: "You just said that Mr. Markkula was a little hesitant. Presumably IBM made the bid. What is IBM's valuation of Apple?"

Jobs said: "$8000 million!"

"Why is it so low?"

Lin Baicheng was a little surprised when he heard the words: "Bella just told me today that as of last week, Apple's revenue has reached 3000 million U.S. dollars, and the profit has reached 1000 million U.S. dollars. This year is not over yet, and there are still sales around Christmas. The annual profit is 1200 million US dollars. The most important thing is that the company’s monthly revenue and profit are growing at a high speed. 8000 million US dollars is too low. Even 1 million US dollars is too low for me, let alone 8000 Ten thousand dollars, how could Mr. Markkula be tempted?"

"This valuation is a little low."

Jobs nodded in agreement, and then said: "The reason why IBM only gave these valuations is because IBM threatened that if the company does not agree to be acquired, the other party will enter the personal computer market and compete with the company. Take IBM's Fame and technology, it may be difficult for the company to compete. And once the company cannot compete with IBM, let alone the valuation of 8000 million US dollars, I am afraid that even 1000 million US dollars will not be left."

"So it is!"

Lin Baicheng suddenly realized that the entry of IBM will indeed affect the prospects of Apple, so it is normal not to give too high a valuation.

Before the rebirth, Apple's development was very smooth, otherwise it would not have been listed in the late 80s.But now they are facing difficulties. The giant IBM is going to compete with Apple so soon. Lin Baicheng guesses that it has something to do with his participation.

With Lin Baicheng's participation, Apple's development has been smoother and faster than before rebirth, but it may be because of this reason that IBM saw the potential of the personal computer market, so it entered the market in advance.

Lin Baicheng is really not sure whether Apple will be able to develop as smoothly as it was before its rebirth, or whether it will die halfway, with the addition of IBM, a giant opponent.However, no matter what the future holds, he will not sell Apple shares now. After all, he can’t sell much now, and he is not short of the $2400 million. He is willing to continue to support Apple and take a gamble.

In the final analysis, Lin Baicheng's real investment in Apple is only more than 200 million US dollars. No matter how bad the situation is, his losses are limited.

(End of this chapter)