Hong Kong's new giants
Chapter 750 [Exploding Wealth]
Chapter 750 [Exploding Wealth]
Time came to 2005.
Early December.
Lin Zuhui was playing with the computer in the office. Of course, he was not entertaining, but watching stocks or news.
He wants to be a rich man who keeps up with the times. Although he came from that era, he hopes that when he is 80 years old, he can still have part of the thinking of young people in their 20s.
Not to accept the old, this is the goal set by Lin Zuhui himself.
He is already 40 years old this year, but he feels that his physical function is still in his early 20s, so he has an omen that when he is 80 years old, his body may be comparable to that of a strong man in his 50s and [-]s.
Then
After browsing the Internet for a while, Lin Zuhui stopped surfing the Internet and leaned on a chair to digest and think.
Last year, Xiangjiang's economic growth rate was estimated to be more than 8%, because the data for the first half of the year was 8%.
Although the Hong Kong government's annual economic growth data has not yet been compiled, the good performance of the economy has been clearly reflected in the stretched faces of Hong Kong citizens during the holidays, scattered in the information released by various major economic departments.
Specific aspects are also shown by data.
Stock market: The Hang Seng Index rose by 13% throughout the year, reaching 16850 points at the end of the year; the annual trading volume was tens of billions of Hong Kong dollars higher than that in 1997 (peak), the total market value of Hong Kong stocks reached 7.6 trillion and became the highest in history, and the total fundraising amount of Hong Kong stocks It can reach 2880 billion Hong Kong dollars for the whole year, second only to New York, and ranks second among all securities markets in the world.
In terms of real estate: The general situation of the recovery of the property market has been determined. The government’s land sales revenue exceeded 200 billion Hong Kong dollars, and the transaction price was much higher than the land offer price, which reflected the grand recovery of the property market from one side.The total number of transactions in the real estate market for the year reached 12.8, the highest since the peak of the real estate market in 1997;
In terms of tourism: the number of visitors to Hong Kong reached a record high, reaching about 2610 million for the whole year. (The Hong Kong Current has driven tourism, and at the same time the mainland has opened up the 'Individual Visit' policy)
and many more.
The annual GDP of Xiangjiang is expected to exceed 2100 billion US dollars (affected by SAS in 2003, it fell below 2000 billion US dollars), creating a new record in history.
Thinking of this, Lin Zuhui couldn't help but smile.
Driven by the cultural industry, technology industry, shipping industry, etc., he has created a GDP that is 20% higher than that of his previous life, which undoubtedly gives him a sense of accomplishment.
In terms of personal wealth, there is also a steady growth.
Family Office: Holds traditional US stocks, British stocks (Merck & Co., Pfizer, Johnson & Johnson, Procter & Gamble, Shell, AstraZeneca, etc.), Hong Kong stocks (with blue chips as the core), and global luxury real estate. [These stocks were bought early, and before each plunge (Internet bubble, subprime mortgage crisis), only [-] to [-]% of the funds were used for the T wave, and then bought back after the plunge, and the overall long-term holding]
Hengjin Investment: Holds US Internet and technology-themed stocks (Oracle, Microsoft, Nvidia, etc.), and has bought them after the 911/[-] incident. 【Enjoy long-term dividends, regardless of short-term appreciation】
Jingwei Capital: Holds a large number of stocks in Amazon, Apple, Kingston, Activision Blizzard, Taobao, Microsoft and other companies; at the same time, after the September 911 incident, Lin Zuhui used this private investment company to invest in many American real estate stocks and banks. Shares, sharing risks and concealing property.
Barings Bank: Wholly-owned Hilton Hotel Group, Gucci, Fila, etc., holding shares of San Miguel Philippines, South Korea's Samsung Electronics, Hynix, etc., as well as investment businesses.
Hengjin Real Estate Investment: holding H-shares and red-chip stocks listed in Hong Kong, as well as a large number of high-quality rental properties (Citicorp Center, Fort Royal Building, Harcourt Building, Diligende Court, etc.)
Lin Zuhui's personal: 1220 tons of gold, cash flow of about 2100 billion.
Unknowingly, Lin Zuhui's wealth has grown steadily.
Based on this, he no longer has much enterprising spirit, and in terms of investment, he only wants to invest in stable industries.
In mid-January, Xiaomi Technology's 'Tesla' released the appearance of the first luxury four-door electric sedan Model S.
It caused a big sensation for a while!
If the parent company of 'Tesla' was not Xiaomi Technology, if Zou Kaixuan hadn't personally served as the chairman of 'Tesla', people would definitely laugh at it.
However, Xiaomi Technology is a technology giant with a market value of 1600 billion, and Zou Kaixuan is a technology legend, and people have paid attention to it.
But do electric vehicles have a future?
People began to suspect one after another!
The important thing is that the headquarters of 'Tesla' is in Pengcheng, the Mainland. Will the government support the supporting facilities?
Although there was a sensation, there were many doubts.
Repulse Bay.
Lin Zuhui came to Zou Kaixuan's villa, and after getting close to his two sons, he dragged Zou Kaixuan to the study.
"What do you think is the biggest difficulty in the development of Tesla?" Lin Zuhui said relaxedly.
He asked Zou Kaixuan to make electric cars because he wanted to spend money, and he didn't expect to surpass the United States in this regard; although he poached Musk's corner, once the Americans notice the prospect of electric cars, there are bound to be others Stand up and invest; at that time, with the talent and technology of the Americans, I am afraid that "overtaking on a curve" is not impossible.
However, Lin Zuhui's idea is to establish the advantages of the Chinese in the field of electric vehicles in advance, and to enter the market one day earlier, so that they can absorb more technology and experience.
In fact, taking advantage of the fact that the United States did not react, it acquired AC Propulsion and recruited Martin and Mark's team. This is already a "curve overtaking".
Otherwise, how dare to release the news of 'Model S' so quickly.
Even in this life, Tesla made fewer detours and did not develop the electric sports car Roadster. The most important reason is the cost issue.
Zou Kaixuan came behind Lin Zuhui and held his shoulders for him.
Although she is a world-class technology giant, because of her identity as a woman, she has a super high status, and she must surpass the existence of technology giants; but she understands a truth, with Lin Zuhui's support, she is very confident.
At the same time, she is Lin Zuhui's Luli in spirit, so it is impossible to betray.
"Technically, it is currently a problem of the gearbox. Overall, there are also problems of cost and supporting facilities."
Lin Zuhui closed his eyes and said:
"Technical issues, I won't guide you. After all, Tesla's research and development costs are not short, so why worry about technology. Cost issues, this is what you should consider as the chairman. If Tesla CEO can't solve this problem, naturally not qualified."
"The last problem is the biggest problem. If there are no supporting facilities, no one will buy it at all. So I will give you two suggestions: first, use Pengcheng or even Guangdong Province as a pilot, and you can persuade the government to support this project. The officials in Guangdong Province are very open-minded, and I have told you many times about the prospect of electric vehicles, so it is not difficult for you to convince them. Even, I can go to the capital to have a look, and the overall problem is not big.”
"Secondly, use Xiangjiang as a pilot project. At worst, we will privately invest in supporting facilities."
"In short, once initial success is achieved, capital and enterprises all over the world will invest in the research and development of electric vehicles. Not only can we take the lead with years of technology and experience, but we can also rely on "pioneers" and "representatives" sex' to gain high fame."
"And once Tesla's technology is perfected, I will secretly find a way to get you a loan of 5 million US dollars or 10 billion US dollars."
In the previous life, Biya actually entered the field of electric vehicles very early, and even produced one in 2008; although it failed due to various reasons such as supporting facilities or technology, others did not give up, and quickly re-arranged new energy vehicles.
This is also the electric car brand of later generations, only Biya's is really successful.
As for LeTV, Wei Lai, Lixiang, etc., they just saw the prospect of this industry and swarmed into it; they did not have accumulated technology and experience, nor did they have huge R&D funds and development funds. Whether they will succeed in the future is still another matter.
Zou Kaixuan lay on Lin Zuhui's shoulder curiously, and asked, "You know so much about future technology and have confidence, why don't you master Xiaomi technology yourself?"
Lin Zuhui turned his head sideways, leaned closer and said: "People are afraid of being famous and pigs are afraid of being strong. I have succeeded in everything, especially in technology, so I am envied by others. So for the safety of the family, I need to recommend you as an agent."
Zou Kaixuan asked in confusion: "You are worried that someone is jealous of you, is it the United States?"
Lin Zuhui nodded!
Xiaomi Technology has used almost all of its profits for research and development and expanded production over the years, making great contributions to technology. By 2020, there will be many patents and technologies!
"I understand, don't worry, I will take the same position as you!" Zou Kaixuan said seriously.
She didn't say that she had the same position as anyone else, but said that she had the same position as Lin Zuhui. Obviously this was her true thought.
"Xiaomi Technology was founded for China! I can have both sides, but Xiaomi Technology cannot. Xiaomi Technology has no official support from the Mainland, and without the root of the Mainland, it has no future." Lin Zuhui also said firmly.
He is a global businessman who wants to do global business, so he doesn't participate in anything on ZZ, or he can't speak clearly.
Of course, when the time comes, Lin Zuhui will also control the risk and will not do nothing at all.
"Okay, I understand!"
Last year, Xiaomi Technology sold its 'liquid crystal display' business to Gold Oriental in exchange for new shares issued by Gold Oriental.In an instant, Gold Oriental’s display business was advanced by several years, coupled with Golden Oriental’s acquisition of South Korea’s Hyundai display business, and the founding of TPV Display by Taiwanese people.
In this life, Gold Oriental may break the monopoly of large display screens in Japan, South Korea and Taiwan two or three years in advance.
Xiaomi Technology is currently developing its own semiconductor industry, and secretly supporting Modu Microelectronics. In short, it has invested a lot in this area.
Discussed the layout of electric vehicles with Zou Kaixuan for a while. Although Lin Zuhui did not understand technology, he understood the general trend.As for technology, with the accumulation of a lot of money, there will definitely be a big breakthrough.
According to the current progress of Tesla, it is expected that a large amount of funds will be needed next year, and Lin Zuhui will find a way to borrow 5 million to 10 billion US dollars from Tesla through some channels.
With this money, Tesla can naturally build factories in the mainland and consider mass production.
"How is the funding situation of Xiaomi Technology?"
"After obtaining a loan of 50 billion Hong Kong dollars, the financial situation is very good. You have already bought the 20 billion funds for stock trading, and there is still sufficient cash in the account. At the same time, Xiaomi Technology made a profit of 46 billion Hong Kong dollars last year, which is still very good .”
The biggest source of profit for Xiaomi is the mobile phone business. Unlike domestic copycat phones, the profit of Xiaomi mobile phones is still considerable, and the PHS business accounts for about 70% of the profit. As for other electronic products, Xiaomi also produces a lot, but alone The profit is not high.
Xiaomi Technology's annual research and development expenses account for 25%, which is actually slightly higher, and the rest of the money is used to expand production and operations.
So, although you can make money, you also spend a lot of money.Lin Zuhui arranged for a bank to loan 50 billion Hong Kong dollars to Xiaomi. In addition to developing Xiaomi, he also spent 20 billion Hong Kong dollars to buy several Hong Kong stocks.
By the end of 2007, the cash from Hong Kong stocks could almost be repaid, and Xiaomi got 30 billion Hong Kong dollars for nothing.
"This year, you will set up a 'smartphone department'. With the popularization of 3G networks, mobile phones will no longer be just for making calls and listening to music. The next three buttons. That’s about it.”
The concept of smart phones has actually been proposed, but no one realizes that this is a revolution, and naturally there are no mobile phone manufacturers to vigorously develop.
Zou Kaixuan never doubted Lin Zuhui's eyes, and immediately said: "Well, I must remember your words, if there are really mobile phones like you said, the technology in this world has obviously entered a new era."
Lin Zuhui said: "There is no need to doubt what has happened in recent years. It's just that Xiaomi's technology capital and technology are not as developed as in the West, so you don't want to rush forward, just lay out slowly. Even if we are not the first, as long as we are the first echelon , is success.”
Zou Kaixuan nodded and said, "Don't worry, with your description, I almost have a complete plan. Although the technology needs a little bit of breakthrough, Xiaomi Technology's research and development strength is still very strong."
"The mobile phone system also needs to be developed. Even if there is a better mobile phone system in the world in the future, we have to develop it as a backup. Once we have a better system, maybe we can develop a global system."
"Okay, I understand!"
Lin Zuhui is like a designer, who is formulating the future of Huaxia Technology, and he has a great sense of accomplishment.You must know that what a large enterprise ultimately wants is not a certain technology, but the overall direction.
Once the direction is wrong, it is over. For example, Motorola and Nokia are left behind in smartphones.
(End of this chapter)
Time came to 2005.
Early December.
Lin Zuhui was playing with the computer in the office. Of course, he was not entertaining, but watching stocks or news.
He wants to be a rich man who keeps up with the times. Although he came from that era, he hopes that when he is 80 years old, he can still have part of the thinking of young people in their 20s.
Not to accept the old, this is the goal set by Lin Zuhui himself.
He is already 40 years old this year, but he feels that his physical function is still in his early 20s, so he has an omen that when he is 80 years old, his body may be comparable to that of a strong man in his 50s and [-]s.
Then
After browsing the Internet for a while, Lin Zuhui stopped surfing the Internet and leaned on a chair to digest and think.
Last year, Xiangjiang's economic growth rate was estimated to be more than 8%, because the data for the first half of the year was 8%.
Although the Hong Kong government's annual economic growth data has not yet been compiled, the good performance of the economy has been clearly reflected in the stretched faces of Hong Kong citizens during the holidays, scattered in the information released by various major economic departments.
Specific aspects are also shown by data.
Stock market: The Hang Seng Index rose by 13% throughout the year, reaching 16850 points at the end of the year; the annual trading volume was tens of billions of Hong Kong dollars higher than that in 1997 (peak), the total market value of Hong Kong stocks reached 7.6 trillion and became the highest in history, and the total fundraising amount of Hong Kong stocks It can reach 2880 billion Hong Kong dollars for the whole year, second only to New York, and ranks second among all securities markets in the world.
In terms of real estate: The general situation of the recovery of the property market has been determined. The government’s land sales revenue exceeded 200 billion Hong Kong dollars, and the transaction price was much higher than the land offer price, which reflected the grand recovery of the property market from one side.The total number of transactions in the real estate market for the year reached 12.8, the highest since the peak of the real estate market in 1997;
In terms of tourism: the number of visitors to Hong Kong reached a record high, reaching about 2610 million for the whole year. (The Hong Kong Current has driven tourism, and at the same time the mainland has opened up the 'Individual Visit' policy)
and many more.
The annual GDP of Xiangjiang is expected to exceed 2100 billion US dollars (affected by SAS in 2003, it fell below 2000 billion US dollars), creating a new record in history.
Thinking of this, Lin Zuhui couldn't help but smile.
Driven by the cultural industry, technology industry, shipping industry, etc., he has created a GDP that is 20% higher than that of his previous life, which undoubtedly gives him a sense of accomplishment.
In terms of personal wealth, there is also a steady growth.
Family Office: Holds traditional US stocks, British stocks (Merck & Co., Pfizer, Johnson & Johnson, Procter & Gamble, Shell, AstraZeneca, etc.), Hong Kong stocks (with blue chips as the core), and global luxury real estate. [These stocks were bought early, and before each plunge (Internet bubble, subprime mortgage crisis), only [-] to [-]% of the funds were used for the T wave, and then bought back after the plunge, and the overall long-term holding]
Hengjin Investment: Holds US Internet and technology-themed stocks (Oracle, Microsoft, Nvidia, etc.), and has bought them after the 911/[-] incident. 【Enjoy long-term dividends, regardless of short-term appreciation】
Jingwei Capital: Holds a large number of stocks in Amazon, Apple, Kingston, Activision Blizzard, Taobao, Microsoft and other companies; at the same time, after the September 911 incident, Lin Zuhui used this private investment company to invest in many American real estate stocks and banks. Shares, sharing risks and concealing property.
Barings Bank: Wholly-owned Hilton Hotel Group, Gucci, Fila, etc., holding shares of San Miguel Philippines, South Korea's Samsung Electronics, Hynix, etc., as well as investment businesses.
Hengjin Real Estate Investment: holding H-shares and red-chip stocks listed in Hong Kong, as well as a large number of high-quality rental properties (Citicorp Center, Fort Royal Building, Harcourt Building, Diligende Court, etc.)
Lin Zuhui's personal: 1220 tons of gold, cash flow of about 2100 billion.
Unknowingly, Lin Zuhui's wealth has grown steadily.
Based on this, he no longer has much enterprising spirit, and in terms of investment, he only wants to invest in stable industries.
In mid-January, Xiaomi Technology's 'Tesla' released the appearance of the first luxury four-door electric sedan Model S.
It caused a big sensation for a while!
If the parent company of 'Tesla' was not Xiaomi Technology, if Zou Kaixuan hadn't personally served as the chairman of 'Tesla', people would definitely laugh at it.
However, Xiaomi Technology is a technology giant with a market value of 1600 billion, and Zou Kaixuan is a technology legend, and people have paid attention to it.
But do electric vehicles have a future?
People began to suspect one after another!
The important thing is that the headquarters of 'Tesla' is in Pengcheng, the Mainland. Will the government support the supporting facilities?
Although there was a sensation, there were many doubts.
Repulse Bay.
Lin Zuhui came to Zou Kaixuan's villa, and after getting close to his two sons, he dragged Zou Kaixuan to the study.
"What do you think is the biggest difficulty in the development of Tesla?" Lin Zuhui said relaxedly.
He asked Zou Kaixuan to make electric cars because he wanted to spend money, and he didn't expect to surpass the United States in this regard; although he poached Musk's corner, once the Americans notice the prospect of electric cars, there are bound to be others Stand up and invest; at that time, with the talent and technology of the Americans, I am afraid that "overtaking on a curve" is not impossible.
However, Lin Zuhui's idea is to establish the advantages of the Chinese in the field of electric vehicles in advance, and to enter the market one day earlier, so that they can absorb more technology and experience.
In fact, taking advantage of the fact that the United States did not react, it acquired AC Propulsion and recruited Martin and Mark's team. This is already a "curve overtaking".
Otherwise, how dare to release the news of 'Model S' so quickly.
Even in this life, Tesla made fewer detours and did not develop the electric sports car Roadster. The most important reason is the cost issue.
Zou Kaixuan came behind Lin Zuhui and held his shoulders for him.
Although she is a world-class technology giant, because of her identity as a woman, she has a super high status, and she must surpass the existence of technology giants; but she understands a truth, with Lin Zuhui's support, she is very confident.
At the same time, she is Lin Zuhui's Luli in spirit, so it is impossible to betray.
"Technically, it is currently a problem of the gearbox. Overall, there are also problems of cost and supporting facilities."
Lin Zuhui closed his eyes and said:
"Technical issues, I won't guide you. After all, Tesla's research and development costs are not short, so why worry about technology. Cost issues, this is what you should consider as the chairman. If Tesla CEO can't solve this problem, naturally not qualified."
"The last problem is the biggest problem. If there are no supporting facilities, no one will buy it at all. So I will give you two suggestions: first, use Pengcheng or even Guangdong Province as a pilot, and you can persuade the government to support this project. The officials in Guangdong Province are very open-minded, and I have told you many times about the prospect of electric vehicles, so it is not difficult for you to convince them. Even, I can go to the capital to have a look, and the overall problem is not big.”
"Secondly, use Xiangjiang as a pilot project. At worst, we will privately invest in supporting facilities."
"In short, once initial success is achieved, capital and enterprises all over the world will invest in the research and development of electric vehicles. Not only can we take the lead with years of technology and experience, but we can also rely on "pioneers" and "representatives" sex' to gain high fame."
"And once Tesla's technology is perfected, I will secretly find a way to get you a loan of 5 million US dollars or 10 billion US dollars."
In the previous life, Biya actually entered the field of electric vehicles very early, and even produced one in 2008; although it failed due to various reasons such as supporting facilities or technology, others did not give up, and quickly re-arranged new energy vehicles.
This is also the electric car brand of later generations, only Biya's is really successful.
As for LeTV, Wei Lai, Lixiang, etc., they just saw the prospect of this industry and swarmed into it; they did not have accumulated technology and experience, nor did they have huge R&D funds and development funds. Whether they will succeed in the future is still another matter.
Zou Kaixuan lay on Lin Zuhui's shoulder curiously, and asked, "You know so much about future technology and have confidence, why don't you master Xiaomi technology yourself?"
Lin Zuhui turned his head sideways, leaned closer and said: "People are afraid of being famous and pigs are afraid of being strong. I have succeeded in everything, especially in technology, so I am envied by others. So for the safety of the family, I need to recommend you as an agent."
Zou Kaixuan asked in confusion: "You are worried that someone is jealous of you, is it the United States?"
Lin Zuhui nodded!
Xiaomi Technology has used almost all of its profits for research and development and expanded production over the years, making great contributions to technology. By 2020, there will be many patents and technologies!
"I understand, don't worry, I will take the same position as you!" Zou Kaixuan said seriously.
She didn't say that she had the same position as anyone else, but said that she had the same position as Lin Zuhui. Obviously this was her true thought.
"Xiaomi Technology was founded for China! I can have both sides, but Xiaomi Technology cannot. Xiaomi Technology has no official support from the Mainland, and without the root of the Mainland, it has no future." Lin Zuhui also said firmly.
He is a global businessman who wants to do global business, so he doesn't participate in anything on ZZ, or he can't speak clearly.
Of course, when the time comes, Lin Zuhui will also control the risk and will not do nothing at all.
"Okay, I understand!"
Last year, Xiaomi Technology sold its 'liquid crystal display' business to Gold Oriental in exchange for new shares issued by Gold Oriental.In an instant, Gold Oriental’s display business was advanced by several years, coupled with Golden Oriental’s acquisition of South Korea’s Hyundai display business, and the founding of TPV Display by Taiwanese people.
In this life, Gold Oriental may break the monopoly of large display screens in Japan, South Korea and Taiwan two or three years in advance.
Xiaomi Technology is currently developing its own semiconductor industry, and secretly supporting Modu Microelectronics. In short, it has invested a lot in this area.
Discussed the layout of electric vehicles with Zou Kaixuan for a while. Although Lin Zuhui did not understand technology, he understood the general trend.As for technology, with the accumulation of a lot of money, there will definitely be a big breakthrough.
According to the current progress of Tesla, it is expected that a large amount of funds will be needed next year, and Lin Zuhui will find a way to borrow 5 million to 10 billion US dollars from Tesla through some channels.
With this money, Tesla can naturally build factories in the mainland and consider mass production.
"How is the funding situation of Xiaomi Technology?"
"After obtaining a loan of 50 billion Hong Kong dollars, the financial situation is very good. You have already bought the 20 billion funds for stock trading, and there is still sufficient cash in the account. At the same time, Xiaomi Technology made a profit of 46 billion Hong Kong dollars last year, which is still very good .”
The biggest source of profit for Xiaomi is the mobile phone business. Unlike domestic copycat phones, the profit of Xiaomi mobile phones is still considerable, and the PHS business accounts for about 70% of the profit. As for other electronic products, Xiaomi also produces a lot, but alone The profit is not high.
Xiaomi Technology's annual research and development expenses account for 25%, which is actually slightly higher, and the rest of the money is used to expand production and operations.
So, although you can make money, you also spend a lot of money.Lin Zuhui arranged for a bank to loan 50 billion Hong Kong dollars to Xiaomi. In addition to developing Xiaomi, he also spent 20 billion Hong Kong dollars to buy several Hong Kong stocks.
By the end of 2007, the cash from Hong Kong stocks could almost be repaid, and Xiaomi got 30 billion Hong Kong dollars for nothing.
"This year, you will set up a 'smartphone department'. With the popularization of 3G networks, mobile phones will no longer be just for making calls and listening to music. The next three buttons. That’s about it.”
The concept of smart phones has actually been proposed, but no one realizes that this is a revolution, and naturally there are no mobile phone manufacturers to vigorously develop.
Zou Kaixuan never doubted Lin Zuhui's eyes, and immediately said: "Well, I must remember your words, if there are really mobile phones like you said, the technology in this world has obviously entered a new era."
Lin Zuhui said: "There is no need to doubt what has happened in recent years. It's just that Xiaomi's technology capital and technology are not as developed as in the West, so you don't want to rush forward, just lay out slowly. Even if we are not the first, as long as we are the first echelon , is success.”
Zou Kaixuan nodded and said, "Don't worry, with your description, I almost have a complete plan. Although the technology needs a little bit of breakthrough, Xiaomi Technology's research and development strength is still very strong."
"The mobile phone system also needs to be developed. Even if there is a better mobile phone system in the world in the future, we have to develop it as a backup. Once we have a better system, maybe we can develop a global system."
"Okay, I understand!"
Lin Zuhui is like a designer, who is formulating the future of Huaxia Technology, and he has a great sense of accomplishment.You must know that what a large enterprise ultimately wants is not a certain technology, but the overall direction.
Once the direction is wrong, it is over. For example, Motorola and Nokia are left behind in smartphones.
(End of this chapter)
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