Reboot 2003

Chapter 210 118: Hint (two in one)

Xiao Chen pouted, as if he wasn't very interested, but Xu Lingling was very happy. She took the phone and gave it to her father to complain: "I really want this, but Aqin won't let me buy it!"

"It can't be used in China. This thing is a 3G mobile phone..."

"Cheapskate, dad bought it for me!"

Lao Xu looked at the two children playing around and suddenly suggested: "Lingling, do you like Meilijian? During the Chinese New Year this year, can I take you to Meilijian?"

Xiao Chen's eyes lit up, but Xu Lingling quickly shook her head: "I won't go!"

Lao Xu also tried to persuade: "There is a Disneyland in California, which is fun."

"I just don't want to go. I don't like America."

Xu Lingling insisted for some reason, but Lao Xu had no choice. Lao Chen happened to have booked the tickets over there, and the cruise ship had already sailed back.

The weather is already very cold, and fine snowflakes are floating on the West Lake.Although it was New Year's Day, there were not many tourists on the West Lake.

The two fathers were chatting with Grandma Xu in the car, while Xu Lingling was playing on her mobile phone.

Chen Qin looked into the distance and didn't know what he was thinking. The lakeside in the snow was blurry. Xu Lingling suddenly asked: "Aqin, is that melon seed phone going out?"

Chen Qin glanced at her: "The two mobile phones are about the same, and you won't need them outside of here anyway."

"I think that one looks better." Xu Lingling said.

"Looking good comes at a price. Mobile phones are an asset-heavy industry, and no matter how good the idea is, it needs strength to support it. If you don't accumulate experience, you can't improve your craftsmanship. If you don't have a familiar supply chain, you can't keep costs down. If the technology isn't up to standard, you won't be able to use new technologies. Technology, if you want to reach the sky in one step..."

The second half of the sentence was left unsaid, and Xu Lingling asked: "Then if we won't sell it from the beginning, why do we need to advertise it? I see a lot of people waiting for melon seeds."

"This is helping them save money. They should be happy." Chen Qin said, "As for us, if you can't sell it, there are ways to sell it. It doesn't matter if you suffer a little loss. If you don't suffer a loss when you are a child, you will be unlucky when you grow up. .”

"Humph."

The cruise ship was rolling on the snowy West Lake. Xu Lingling put her arms on the railing and played with the mobile phone she just got.

It undoubtedly has a bright future, but right now...the mobile phone industry is probably over.

In order to sell mobile phones made with patents, the quality may indeed be poor, but I have no expectations in the first place, and this failure will always happen.

Thinking about it, webkit is a very suitable core for a lightweight browser. In this regard, Galaxy Software still has some technical accumulation. It seems that relying on this browser to take a differentiated route is a good way - for a plan , naturally the if...then model is the safest, but it is also a skill to be able to make software well. To achieve this point now, it is basically a developer who has exceeded his level.

But the reason why luck is called luck is naturally because it cannot always be counted on. Galaxy Software can build the Internet, but it is still unrealistic to ask them to build a bunch of multi-touch and capacitive glass and just make an iPhone out of the blue.

Apple has been working on mobile phones for more than four years, and has more than 30 years of experience in electronic equipment. It cannot be said that the technical accumulation in all aspects is insurmountable. But after all, Chen Qin is just a primary school student. He can build a running system and grab the patent. It’s not a big problem to hold a press conference to tell the world and brag about your own products, but it’s almost done here.

In any case, although the Guazi mobile phone has been made into a prototype, it is still far from being ready for sale because of its poor technical capabilities.

In order to rush for time, we can only show it in advance for the September press conference, and then slowly build it later when the technology matures. At present, this is still a marketing method that only reborn people know, so this time the 'capital chain is broken' The news was almost like a pillow brought to me when I was dozing off. By now, this last thing was almost done.

With a bang, the cruise ship docked at the small pier. Xu Lingling was playing a Zuma mini-game that came with her when she was startled and the mobile phone in her hand fell into the water.

"Oh, my phone..."

The little girl was enjoying playing just now. She cried when her phone fell. Chen Qin gave her his own phone and she didn’t want it. Old Chen quickly went to the staff to ask if there was a network or something. The staff said there was nothing they could do. , Xu Lingling also said no.

But just then, a group of people came over: "Yo, Xu, you are here! What happened?"

A bald foreigner came over with a group of people.

"Ah, Mr. Bex..."

Lao Xu stepped forward to shake hands with the bald man and said to them: "We are here for a trip, but my daughter accidentally dropped her mobile phone in the water."

Bex patted a Chinese man next to him: "Oh, this Mr. Li seems to be the person in charge here. Can you think of a way?"

Mr. Li was a little confused, and turned around to call out to the two staff members who had just expressed their helplessness. Lao Xu quickly stopped Mr. Li: "No, no! I didn't expect Mr. Bakers to come to Tianchao. What a coincidence." Ah, we met in San Francisco late last year!"

Lao Xu shook hands and talked with them, and the two staff members behind him breathed a sigh of relief.

However, they spoke in fluent English, and other people around them could not understand, so they could only accompany them respectfully, curiously observing Lao Xu, who was wearing a cashmere sweater, and the children and adults he brought with him. Lao Chen thought He led the two children back, but Xiao Chen looked carefully at the bald man's appearance and seemed to have noticed something and was unwilling to back away. Perhaps he noticed something through his eyes. Xu Lingling looked at Lao Xu without blinking and listened. Lao Xu talked to the other party.

Do you understand... Chen Qin cursed.

She's in sixth grade, Xu Lingling's grades... I won't talk about it.

All I can say is that if I hadn’t been pretty well-behaved, it would have been a bit embarrassing to have him by my side in school...

However, I often go to interest classes, probably because I inherited some talent from Lao Xu, and my English is so-so.

After listening carefully for a while, as the conversation and greetings came to an end, she whispered to Chen Qin: "Aqin, is this that person? The one who talked about Guazi mobile phones at the press conference..."

She probably saw it on Getai.com, and Chen Qin replied: "Yes."

Xu Lingling nodded, watching Lao Xu say goodbye to the other party, and then the bald man took the people to the cruise ship next to him. The cruise ship parked next to him and had been waiting for a long time.

After the other party walked away, Grandma Xu asked her son: "Who is that person?"

"He's a manager from Goldman Sachs," Lao Xu said. "I don't know why he's in Tianchao recently. It's a bit baffling. I just said that he is passionate about water resources and came to West Lake specially to observe."

Lao Chen pretended to understand: "Some of these foreigners seem to be particularly interested in public welfare."

Lao Xu said: "Who knows, let's play with ourselves and go to Leifeng Pagoda later to have a look. Are you two hungry?"

Her attention seemed to be turning back to the amusement rides, but Xu Lingling suddenly said: "Dad, did he ask Principal Lu just now?"

Lao Xu was a little surprised: "Do you understand? He just asked me if I was a local. I said I was from Gan Province. He said he knew a charity partner named Lu... or something in Gan Province. Anyway, I Said I hadn’t heard it.”

Xu Lingling reminded: "He is talking about Principal Lu, the one who had dinner with us."

"Ah? No matter what, I don't even know what Principal Lu is doing now."

Old Xu didn't seem to be interested in people from Goldman Sachs, but after starting again, Xu Lingling poked Chen Qin with her arm: "Hey, Aqin."

"what?"

Xu Lingling sneaked over. "Is what they were talking about just now the one you were watching some time ago..."

Chen Qin scratched his head and whispered: "It has nothing to do with us, just go and play with your phone."

After giving her another mobile phone, Xu Lingling puffed up her cheeks and didn't ask any more questions.

However, Chen Qin looked back and became vaguely concerned.

After all, now, as I said before, nothing else matters.

How much money can you make if you continue this wave of financial operations?In short, the insured amount of these CDs alone is more than 100 billion.

Of course, in order to ensure circulation, you can take action early and then perform other operations.

By short-selling other subprime-related bonds and futures, and giving Fannie and Freddie a little extra work, even if you exclude a few random historical events, it shouldn't be difficult to earn 200 billion.

Compared with these, all goals seem to pale in comparison, and all plans are insignificant in front of it.

But when you think about Goldman Sachs…

That's it for today's shopping, there is still one day left during the New Year's Day holiday.

That night at the hotel, Lao Xu was asking the clerk which fish nearby was better. Xu Lingling followed behind him and continued to play Zuma with the mobile phone she got from Chen Qin.

Suddenly, another group of people poured in from the door, and it turned out to be the same group of people during the day.

The bald Bex came in with a group of people from the Celestial Dynasty. He once again picked out Lao Xu in the crowd, came up to shake hands and chat with him, discussing today's travel itinerary. Chen Qin was not around, and it was inconvenient to go directly. listen.

But Xu Lingling was right next to Lao Xu, winking at him from a distance.

This time, Lao Xu and the big bald man chatted for a longer time. After all, they were not in a scenic spot. The two sides seemed to have introduced each other seriously. The big bald man said a few words to Lao Xu, and then introduced the man from China in suits and leather shoes to Lao Xu. After shaking hands for more than ten minutes, a group of bald people went upstairs. Then Xu Lingling immediately ran to Chen Qin: "Aqin, these people also live in our hotel..."

Chen Qin tried to ask: "What are they talking about?"

"Actually, I didn't quite understand it." Xu Lingling seemed to have heard it specially, "I heard them talking about a cocktail party tonight and asked dad to go with them."

After thinking about it, she added: "They also used some strange words, including CDO and CDS. Didn't you often tell people this some time ago? Maybe it has something to do with it."

Chen Qin became more and more vigilant. Everyone knew that Bakers had bad intentions. As one of the representatives of Goldman Sachs in China, he lent money to Galaxy Software, hoping that Galaxy Software would become insolvent, and then they would match up companies in need with low prices. Acquiring Galaxy Software, or even directly enforcing the acquisition of Galaxy Software's equity, and from this position, what they have to do now is very simple, that is to further squeeze Galaxy Software's financial environment and force Galaxy Software to follow suit as soon as possible. Just now he Mentioning those water resources, public welfare projects, etc., are things that the speaker is unintentional and the listener is intentional - this is obviously a hint to the Red Water Fund. When he spoke, Becks was paying attention to Lao Xu's reaction, but did not notice the side next to him. A primary school student looked a little strange after hearing this.

However, since the last time Gu Wenjie did that, Goldman Sachs has been silent for a long time.

Thinking about it, if there were any new tricks, it would probably be the time recently.

Although he hasn't come to the door yet, just to be on the safe side, Chen Qin called Los Angeles directly.

"Recently, there has been a slight depreciation in some of the mortgage-backed bonds, the ABX index has declined slightly, and the assets we hold have appreciated a bit."

The person who answered the phone was Ji Xianglin. He said to the boss behind the scenes who he was not familiar with:

"The trader at Goldman Sachs said he could help us... He was willing to let us sell our contracts back to them so that we could keep some of our profits."

Chen Qin laughed after hearing this, and Ji Xianglin also laughed: "I think it's not unreasonable logically. After all, we have a batch of bonds obtained from the Edward Fund. They have existed for a long time. In 2005, There have been fluctuations of the same magnitude, but the turbulence did not last long at that time. Goldman Sachs suggested that we temporarily sell the bonds to them and wait until March to redeem them at a low price. In a sense, they were really helping us... …”

Chen Qin nodded: "How is the company's book funds recently?"

"The trading window for CDS has been closed." Ji Xianglin said lazily, sounding very idle, "After the small wave of rise at the end of last year, the short side market has flourished a lot recently. Paulson Fund and Li Pu Mandu has started to buy CDS again, so much so that recently even B-class bonds with a low insurance coverage ratio have more than tripled in price...but this has nothing to do with us.”

As he spoke, Ji Xianglin took a sip of scented tea: "Because we have no money. Even if CDS does not rise on a large scale in June this year, then we can only sell the assets on hand at low prices to pay for the high premiums of these financial derivatives." ”

He said this, but he didn't seem worried at all about the dangerous-sounding situation. Xu Lingling also came over to get information from her father. Chen Qin went back from the bathroom, put his phone back in his pocket, and walked through the lobby. , Xu Lingling came over and told him: "Aqin, I just asked my father, and he said that the big bald man seemed to be inquiring about the company's operating status, asking if there was a shortage of money recently..."

"Didn't you say anything else?"

"No……"

Goldman Sachs may have good intentions, but he doesn't intend to sell.Capital has a certain degree of foresight, perhaps due to vision and market judgment, or perhaps due to poor information. In short, they generally see further than ordinary people, so when danger comes, capital often does not have to wait for death. …

Of course, it is difficult for ordinary people to beat institutions, but as a reborn person, he remembers clearly that although the subprime mortgage crisis will not officially hit until next year, by 2007, it is almost time for the subprime mortgage bubble to burst. Well, he couldn't spend a long time preparing for it and let others pick his fruit.

As for the fact that Goldman Sachs went out of its way to talk to Lao Xu this time, it was probably because of the loan.

But Xu Lingling then suggested: "Aqin, I just heard from dad that those people are having a banquet on the second floor. Do you want us to go and listen secretly? If they want to do bad things..."

"How do you hear it?"

"Go with daddy!"

Chen Qin helplessly lectured her: "Why are you so concerned about this? They are eating, drinking and talking about business, and you can't participate. You may not even understand."

"Oh, even if I don't understand, you can definitely understand. Besides, that person held a press conference for Guazi Mobile, maybe he knows something."

Although Xu Lingling knew a little bit about the inside story, it wasn't much. She seemed to have some expectations. Chen Qin didn't know what to say.

But even though there is an opportunity, it seems like it should be an opportunity. Since I can go, let’s take a look.

Now there seem to be some subtle changes in the industry, but what does Goldman Sachs want to do?Still want to start from the capital chain?

Chen Qin was thinking this, but after lunch, Lao Xu took his two children to the cocktail party.

The reception was in the grand banquet hall on the first floor. When we entered, a leader was speaking. The leader was from ICBC. ICBC had recently become very close to Goldman Sachs, but there was nothing Chen Qin wanted to hear.

After Lao Xu entered, he stood outside with his two children and waited. He listened carefully for a while and chatted with several local officials.The place was full of distinguished guests and celebrities, and the two elementary school students seemed to be very conspicuous among them, so they couldn't run around.

But the big bald man soon came on stage.He was as passionate as he was that day, and he talked about a somewhat strange topic to the room of distinguished guests——

"Friends from China, do you know the hottest CDO market in Meilijian recently?..."

"The recent turbulence in the Melaka real estate market and some professional short sellers have affected our economic health."

"But it doesn't matter... Our bank has recently launched international business, and ICBC recently provided financing to us. Our cooperation is very close."

"So I thought, maybe this is an opportunity to let everyone know about our company's best investment project. It is very stable, and the interest rate is much higher than ordinary financial products..."

(End of this chapter)