Rebirth of England.

Chapter 629 Wells Fargo Bank
In fact, for new entrants into the mobile phone manufacturing industry, especially smartphones, they will be hindered by both new and old forces in terms of mobile phone patents.

The first is the patent barrier of traditional mobile phone manufacturers, and the second is the patents on touch screen smartphones, mainly by Apple and Android companies.

Of course, a mobile phone manufacturer does not need to own all the patents needed to manufacture mobile phones. Many mobile phone manufacturers often own some of their own patents, and produce mobile phones by exchanging patents with other manufacturers.

Even if you don't have any patents, you can still produce as long as you can get the relevant patent authorization, but you need to pay the patent owner. For example, some traditional mobile phone patents that Apple initially used to manufacture the iPhone came from authorization...

Companies like Nokia and Ericsson, even after they withdrew from the mobile phone manufacturing industry, were still able to make considerable profits through patent licensing.

But the problem is that if you just become an ordinary manufacturer and occupy a small market share - in other words, if you just want to take a sip of the soup, then this approach may be fine.

But if Honor Electronics stands out from the crowd, then if it does not have enough patents, other manufacturers will inevitably use this to "choke" it...

The most typical examples are Apple and Google in the original time and space. In the beginning, because the iPhone and Google system phones posed a huge threat to traditional mobile phone manufacturers, they suffered a lot of losses in patent lawsuits.

Then in July 2011, Apple and five other companies formed a group to spend $7 billion to purchase 45 patents from Nortel. Then through subsequent acquisitions and exchange licenses with their smartphone patents, they finally completed the required patents.

The original Google company also acquired Motorola for US$2011 billion in August 8 in order to support the Android manufacturers, mainly for the 125 authorized patents and 17000 patent applications held by the company.

Thanks to Barron's early planning, Android companies now have patent reserves for touch-screen smartphones that are no weaker than Apple's.

Although Honor Electronics has obtained relevant patent authorization from Philips, that can only guarantee the "safety" of their own mobile phone production.

Android companies are different. They need to support the entire Android camp - otherwise, there are Nokia's Symbian system, Microsoft's Windows system, and Google's upcoming mobile operating system. Even if the Android system now has an advantage on touch screen smartphones, how can those mobile phone manufacturers avoid patent lawsuits for launching Android phones?

When it comes to issues of life and death, traditional mobile phone manufacturers will definitely use this trick.

Therefore, it is very necessary to prepare for the future. Ivanta's idea is to increase Android's patent reserves by acquiring Motorola, which is currently in a slump, and provide authorization for manufacturers in the Android camp.

However, through Ivanta's introduction, Baron knew that the current Motorola was not like it would be three years later, and it would be difficult to maintain due to continued losses. Therefore, in terms of the quotation, the funds required to acquire Motorola would be much higher than the US$125 billion when Google acquired Motorola in his previous life.

After all, Barron only needs Motorola's patents. He is not interested in this brand and its product line, so we can wait for this matter.

Moreover, the Android Alliance is mainly composed of traditional mobile phone manufacturers such as Samsung and Sony Ericsson. Even for Honor Electronics, because it has patent authorization from Philips, its demand for mobile phone patents is not so urgent. Even if there are occasional patent lawsuits, it is more cost-effective to hire a team of lawyers to drag out the lawsuit for two or three years than to spend more money on acquiring Motorola.

So he persuaded Ivanta to wait a little longer...

As for the mobile operating system that Google may launch soon...

Compared with the current Android companies, although Google is more well-known and more powerful, it is not so easy for it to catch up in terms of mobile phone patents, even in the application of operating systems. Why does Google have to launch a mobile phone operating system?
Or it is because after Apple and Honor Electronics launched touch-screen smartphones, coupled with the popularization of 3G networks, they saw the possibility that users' daily Internet habits would shift from PC to mobile.

But for a search-centric company like Google, on the PC side, they can become the user's Internet portal, making users accustomed to logging into Google.com first to search for information and websites when surfing the Internet. But on the mobile side, because users use different APPs to implement various applications and functions, and those APPs also treasure their users and content, they will no longer be open to search engines like Google and Baidu. In this way, Google has lost its advantage as an Internet portal.

Just like in the previous life, among the BAT Big Three of China's Internet, Baidu was the first to fall behind in the era of mobile Internet. Its market value is no longer at the same level as the other two, and is even lower than that of latecomers such as ByteDance and Meituan. This is the reason.

At that time, Google had the Android system as a portal to the mobile Internet. Now it is completely different...

……

On October 10, in many cities in the United States, people holding banners took to the streets, their faces filled with anger. In the process, they kept shouting slogans and verbally attacking the then-President of the United States, George W. Bush.

Because just a few days ago, the US government decided to use funds from the treasury again to rescue the US financial system affected by the subprime mortgage crisis.

Many Americans believe that the U.S. government's actions are to use ordinary taxpayers' money to help Wall Street capitalists out of trouble.

In Manhattan, New York, in a building where the parade crowd had just passed, the two parties in suits and ties shook hands after signing the agreement.

"It's been a pleasure working with you, Mr. Stumpf."

"Welcome to join us, Mr. Hurst. This will be a wise decision."

On this day, the British Fortune Times (BFT) Fund reached an agreement with Wells Fargo to inject $200 billion into it - the BFT Fund will purchase 25 million new shares of Wells Fargo's private placement at a price of $8 per share.

After completing this capital injection, the Wells Fargo shares held by BFT Fund will account for 16.7% of its total share capital.

In addition, the BFT Fund will send a director representative to Wells Fargo's board of directors and have one vote on the board.

Wells Fargo's purpose of raising funds through issuing new shares is to complete its acquisition of Wachovia. After this acquisition, Wells Fargo will become one of the four largest banks in the United States.

The other three of the Big Four banks are JPMorgan Chase, Citigroup and Bank of America.

Wells Fargo's current market capitalization ranks last among these four companies, but in a few years, it will become the leader.

(End of this chapter)