Reborn in Hong Kong as a Tycoon

Chapter 554 Meeting, Verbal Agreement (Two in One)

On this day, Lin Baicheng went to New York from Los Angeles.

Today is Saturday, October 10th, and there are still two days before Galaxy Games goes public.

Galaxy Games has confirmed that it will go public on Monday, October 10, and the listing price is US$29. Based on the company's 16 million shares, the listed market value is US$2 billion.

The listing price of Xinghe Game Company was increased from US$15.75 to US$16, and the total market value was only increased by US$5000 million, which is not high.But something is better than nothing, Lin Baicheng is still satisfied.

Lin Baicheng came to New York today because he made an appointment with Yuel Engel to meet here in New York.

After Bill Hawes contacted Yuel Engel, he extended an invitation to Yuel Engel. Yuel Engel did not refuse immediately, but said that he would have a face-to-face chat with Lin Baicheng, the boss. Bill Hawes conveyed to Yuel Engel Lin Baicheng naturally had no reason to refuse Engel's request.

In the afternoon, Lin Baicheng and Yuel Engel met at the appointed place.In addition to the bodyguards, there was also Bill Hawes, and it was easier to communicate with him.

"Chairman, this is Mr. Yule Engel, a technical expert in the electronic communication industry." "Mr. Engel, this is Mr. Lin Baicheng, the chairman of Sun Electronics Communications Company. The chairman has a great career and no shortage of funds. "

Bill Harveys introduced the two to each other.

"Hello, Mr. Engel, you can just call me Alan."

Lin Baicheng shook hands with Yuel Engel.

"Mr. Allen, hello."

Although Bill Hawes had told Yuel Engel that Lin Baicheng was very young, after meeting Lin Baicheng, Yuel Engel was still shocked by Lin Baicheng's youth.

Lin Baicheng said to Yuel Engel: "Mr. Engel, I think Bill has told you about my investment in Sun Electronics Communications Company. I am optimistic about the mobile phone industry, so if you join my company, you don't have to worry about the lack of research and development funds. "

Sun Electronics Communication Company is actually a mobile phone company registered by Lin Baicheng. The total investment of this company has reached 4 million US dollars. Although Lin Baicheng paid all the money, it is obvious that only 62.5% of the shares belong to Lin Baicheng, and the remaining 37.5% Several offshore companies and funds registered by him are secretly controlled.

This is only the current shareholding ratio. Lin Baicheng also invited Phil Smith and Iwasaki Mineryu to cooperate. He invested a total of 1 million U.S. dollars in these two people. The proportion is only 80%.

Now Mineryu Iwasaki and Phil Smith are still thinking about it, and Lin Baicheng didn't urge them. After all, he hasn't found a leader for Sun Electronics Communications Company. After finding someone, it won't be too late to ask those two if they want to invest.

Yuel Engel said solemnly: "Mr. Allen, you have to know that although Martin of Motorola has developed a mobile phone a few years ago, Motorola has not put it into commercial use until now. I guess it will be at least several years." Only time will it be possible to put it into commercial use.”

"And Mr. Allen, your company has just been established. If you want to develop a mobile phone from scratch, it will not only take several years, but also require a large investment. This number is likely to be in the ten figures. And the unit is dollars."

"Mr. Engel, I am mentally prepared for this."

Lin Baicheng nodded and said: "At present, Sun Electronics Communication Company has been registered and established. I have found several partners and raised 4 million US dollars for this company. The money is already in the company's account. I am still looking for business partners. , and probably an initial $1 million if they’re willing to work together.”

"At least $4 million, probably $5 million, I think these funds are enough for the company's early research and development."

"Let me briefly tell Mr. Engel about my assets. I have a company in Xiangjiang that will be listed on Nasdaq in two days. The market value of this company is 32 billion US dollars, and I hold 59% of the shares. Here I am That’s more than a billion dollars in assets.”

"In addition, I also have a listed company in Xiangjiang with a market value of nearly US$49.9 billion. I own 40% of the shares. This company has provided me with assets of more than US$[-] billion."

"In addition to these, I have other industries, so I won't explain them one by one."

"I personally have assets of no less than US$50 billion, so Mr. Engel, you don't have to worry about Sun Electronics Communications having no money. Even if other shareholders can't support it, I will still support it, because I am very optimistic about this industry."

Bill Harveys added: "Mr. Engel, the two companies the chairman mentioned are Galaxy Games Company listed on NASDAQ and Hutchison Whampoa Company listed on Xiangjiang. You only need to ask someone to find out. It’s impossible for the chairman to lie to you in this regard.”

After hearing this, Yul Engel felt a little emotional: "I believe that Mr. Allen will not exaggerate his assets, but it is a little unbelievable that Mr. Allen has earned so much wealth at a young age. I am afraid that Rockefeller and The two Morgans were incomparable when they were young."

The Rockefeller and Morgan he mentioned were of course the ancestors of these two families who made their fortunes.

"Mr. Engel is absurd."

Lin Baicheng smiled, and then said: "Mr. Engel, I am going to set up the Sun Laboratory. The laboratory is responsible for the research and development of mobile phone-related technologies, and you will be the person in charge. In terms of remuneration, as long as it is you and the elite technical personnel you invite, I will offer top-notch treatment in the industry.”

"What I just said was the basic salary. I will also offer 5% of the shares to Sun Lab as an equity incentive. Whoever contributes more to the research and development of mobile phones will get more equity incentives."

"Here, I can assure Mr. Engel that the 10% equity incentive I just mentioned will not be diluted until the company's total investment capital exceeds US$5 billion."

"Mr. Allen, the treatment you offered is good enough. I have nothing to say about this."

Yuel Engel nodded after hearing this. He has no objection to the treatment. He also wants to be the head of a laboratory instead of the head of the department at Bell Labs. Sun Electronics Communications without any foundation.

"However, Mr. Allen, although four to five billion US dollars is a lot of money, it is not too much to invest in scientific research, because your company has nothing now, and you have to purchase equipment and other things separately. The funds you need to invest in the beginning are very large. There is not much money left for research and development.”

"What's more, it is not advisable to develop technology from scratch. It is better to acquire some technologies. Otherwise, it will not only cost a lot of money, but also time-consuming to bypass patents."

Lin Baicheng immediately said: "Mr. Engel, once you work in our company, as long as it is the technology you think needs to be acquired, I will definitely send someone to acquire it. Everything is for the research and development of mobile phones."

"Mr. Allen, let me just talk about my conditions."

Yuel Engel became serious, and he said: "I hope you can acquire some patented technologies and equipment from Bell Labs, and it is best to acquire all of my department, so that the company's technology and R&D progress will be improved Not too far behind Motorola."

Lin Baicheng was a little puzzled: "Mr. Engel, will Bell Labs agree to sell it?"

"Mr. Allen, the current Bell Labs is no longer what it used to be. The lab's annual research and development funds are constantly decreasing. If my department can sell a lot of money, the lab will definitely not mind. for sale."

Shaking his head, Yuel Engel continued: "Mr. Allen, I want you to promise me that after purchasing the technical equipment I want, there must be 2 million U.S. dollars of research and development funds left, and invest more than 1 million U.S. dollars in the laboratory every year." Below $[-] million until the mobile phone is commercially available."

"In addition, after the commercialization of mobile phones becomes profitable, the company must invest no less than 1 million US dollars or 5% of the profits in the laboratory as research and development funds every year."

"Mr. Allen, I've had enough of the lack of research and development funds in the laboratory. So unless you agree to these conditions, I will not go to your company. If it makes no difference whether you leave Bell Labs or not, then What else am I going to do?"

Lin Baicheng said solemnly: "I can agree to invest no less than 1 million U.S. dollars in research and development funds for the laboratory every year, but the premise is that your laboratory will produce results, whether it is the technology you want to develop or the task I assigned. There’s always going to be results.”

"Of course, you can send financial supervisors for R&D funds, and no one will embezzle them."

Yuel Engel immediately responded that what he wanted was sufficient R&D funding, not getting the R&D funding into his own pocket.

Lin Baicheng continued: "I will send someone to discuss the acquisition of technical equipment from Bell Labs. As long as the price is not outrageous, then there is no problem. Once the price is too high, there is no way."

"That's natural."

Yul Engel had no objection to this. It was impossible for him to ask Lin Baicheng to agree no matter how high the price Bell Labs offered. That would clearly be deceiving Lin Baicheng.

Lin Baicheng said: "If the acquisition goes well, Mr. Engel, are you willing to join Sun Electronics Communications?"

Yuel Engel nodded: "I can now verbally promise Mr. Allen that as long as there are no major changes, I will join your company."

"Then wish us a happy cooperation first."

Lin Baicheng was very happy to hear that once Juel Engel joined, the speed of research and development of mobile phones would greatly exceed his original plan.If all relevant technical patents can be acquired from Bell Labs, coupled with a large amount of capital investment every year, it may be possible to develop a commercial mobile phone earlier than Motorola.

Yul Engel is also very happy. If Lin Baicheng can do what he just said, then he will not have to worry about lack of research and development funds in the future, which is very important.

Losing to Martin Cooper a few years ago once made Yuel Engel very unconvinced. He did not think that his technology and strength would lose to Martin Cooper. The reason why he lost was entirely because Bell Labs allocated His team didn't have as much money as Motorola gave Martin Cooper's R&D team, and he lost money.

If he does not lack research and development funds in the future, he will definitely be able to commercialize mobile phones earlier than Martin Cooper, and it will be Yuel Engel who will be famous all over the world.

After chatting with Yuel Engel for a while, Lin Baicheng and Bill Hawes left.

Driving in a stretched Lincoln.

Lin Baicheng said to Bill Hawes, who was sitting opposite him: "Bill, you form an acquisition team to acquire the patented technology and equipment developed by Juel Engel's team from Bell Labs, and all technologies related to mobile phones must be acquired. , it is best to acquire the entire team as a whole."

"Of course, as I said, a certain premium acquisition is acceptable, but if the Bell Labs lion speaks loudly, then forget it. I don't want to be taken advantage of."

Bill Harveys asked aloud: "Chairman, can you tell me the bottom line of your premium?"

"50%, that's my bottom line."

Lin Baicheng is willing to spend money to buy time, and he is willing to pay a 50% premium for this. In fact, if he can buy it as a whole, he is willing to accept a premium of no higher than 100%, because he knows how big the mobile phone market will be in the future.

However, there is no need to tell Bill Hawes the higher bottom line now, and he will make a decision when the negotiation cannot be reached.

Bill Harveys nodded: "Chairman, I will form an acquisition team to contact Bell Labs in the near future."

"If there is any progress, please contact me at any time."

Lin Baicheng knows that the acquisition of at least several hundred million dollars will take a long time, and he may not be in the United States by then.

"I will."

Bill Harveys nodded, and then said: "Chairman, since the discussion with Mr. Engel is good now, can we temporarily put aside the matter of finding technical experts for Sun Electronics Communications?"

Lin Baicheng nodded: "Well, let's put it down for now and focus on the acquisition negotiations with Bell Labs."

"I see."

Bill Harveys answered.

Lin Baicheng knew that if the acquisition negotiations with Bell Labs went well, the initial investment of 4 million US dollars might not be enough. After all, the acquisition would require a premium, and 2 million US dollars would be left as Uel Engel's research and development funds.

In other words, Lin Baicheng is likely to embezzle funds from other places for use by Sun Electronics Communications.

Fortunately, the negotiation with Bell Labs cannot be completed overnight, and the negotiation may take two to three months or even longer.What's more, it is very likely that the department where Yuel Engel is located cannot be acquired from Bell Labs as a whole, so that the money spent will not be too much.

No matter what, Lin Baicheng has more time to raise funds. For the time being, he doesn't have to worry about where to embezzle funds for Sun Electronics Communications.

(End of this chapter)