Age of Dreams

Time has entered into 2008, and the subprime mortgage crisis in the United States not only has not weakened, but has even intensified.

Many real estate-related companies have fallen into the wind and rain. This is not the most important thing. The most serious is that many related Wall Streets are also seriously dragged down.

Everyone knows that Wall Street has relied on the rapid development of the real estate market in the United States over the years to package those BB and BBB-credit collateralized mortgage bonds into gorgeous "high investment yield" and "low risk" financial derivative bonds. , To sell to people all over the world who want to hold US bonds.

When the U.S. economy is developing well, these bonds are irrelevant. They are fixed in value, and there will be generous interest returns every year, which makes everyone feel very good.

But once the U.S. economy has stagnated, those with poor credit records, after they lose their stable source of income, will default on your mortgage repayment and leave, leaving only the house for the bonds. The mortgage company will collect it.

Bond mortgage companies have to collect repayments as their own income and pay interest to those who own the bonds. Now they have nothing but an empty house, and they can’t pay bondholders either. interest.

If there is no way to issue interest, then the bondholders just quit and will apply for bond redemption directly. This is a huge disaster for any bond mortgage company.

Therefore, many bond mortgage companies and financial loan companies have fallen into this huge redemption wave.

The previous life of Bear Stearns, at least until March 2008, was finally on the verge of bankruptcy, and was finally rescued and acquired by JPMorgan Chase.

But this life is different, the appearance of Xiao Qi. Let Fannie Mae and Freddie Mac convert a large number of bond funds prepared for Bear Stearns to collect back more than 3,000 two-bedroom bonds in the hands of China's China Investment Corporation.

This result directly led to Bear Stearns not getting the injection of liquidity. On January 4, it was revealed that he held a large amount of junk bonds and was exchanged for a large amount of cash by investors. The cash in hand was almost zero, which immediately caused a strong shock in the American financial world!

You know, Bear Stearns is one of the five largest investment banks in the United States. It has a history of more than 80 years. If this investment bank collapses, it will affect the entire US bond market. Even the entire financial world on Wall Street was a big hit.

Therefore, the Fed immediately reached an agreement with JPMorgan Chase, through the Fed's promise of loan to JPMorgan Chase, allowing JPMorgan Chase to announce the acquisition of the shares of Bear Stearns, which can be regarded as a slight stabilization of investors.

After all, the Morgan Group is a symbol of the American financial circle. Although they don't show many fangs, they are actually in the American financial and banking circle. They are absolutely well-deserved bosses.

The financial crisis that was so severe in the United States in the 1930s did not depend on the efforts of the Morgan Group that finally survived, and during World War II, it destroyed the European economy in one breath and established the United States as the strongest economy today. Country status?

So seeing JPMorgan Chase come forward, consumers are not so panic. But everyone also knows that if there is no continued strong action, the US economy will be hit harder.

The financial industry is not terrible to suffer. The most terrifying thing is the chain reaction, that is, the basic industries and daily life businesses that spread to the entire country. This is completely a precursor to the collapse of a country.

The United States naturally cannot want to experience the financial crisis of the 1930s again, so with the lessons of Bear Stearns this time, the Fed has obviously become a lot more active, and it has constantly thrown out words to the outside world, claiming that the Fed will have the strength to deal with this crisis . And has made sufficient preparations.

Obviously, however, Americans have been slack for too long, and some things do not mean that words can achieve results.

For example, the stock market in the United States now is full of wailing, even the incredibly popular Apple and other companies. All have suffered huge declines of 3% or more than 5%, let alone other companies that have made a lot of mistakes in these years.

Xiao Qi has long valued some companies and plans to acquire them during the financial crisis. Now it seems that the negotiation to acquire one of them should be able to begin.

It was the Nortel Networks company that had a great reputation ten years ago.

Xiao Qi bought all the personnel and patents of the department from Nortel Networks, which created his own opportunities in the 3G network era.

At the same time, the exclusive purchase of optical fiber technology in China has allowed Xiao Qi to make innumerable money and use this to enter China's telecommunications industry in one fell swoop.

The two acquisitions, from now on, are praised by all market experts, saying that every acquisition by Xiao Qi is full of imagination for the future.

On the contrary, Nortel Networks is a bit miserable. They didn’t get much benefit in the 3G era. Now they focus on the development of 4G, Ethernet, semiconductors, etc., but they won’t get much benefit for a while. Projects that require constant investment of large sums of money have long overwhelmed them.

Moreover, it is still entering a period of stock market turmoil. Nortel Networks' stock price has dropped to 1.2 US dollars, which is more than 60% less than when it was at its peak.

But Xiao Qi knew that this was not their bottom line. Their stock price was only about $0.3 at the lowest point, which directly led to their application for bankruptcy protection.

Although they sold more than 8,000 core patents in the communications field at a sky-high price of US$4.5 billion at the time, in the next few years, when the world entered the wireless era and smart era, this Granting patents can earn up to 2 billion U.S. dollars in annual patent fees alone!

However, no one can tell the accounts. After all, when the mountains and rivers are exhausted, it is no longer easy to sell patents for such a high price.

It is now a year before they file for bankruptcy protection and sell more than 8,000 patents in their hands.

Xiao Qi now proposes to Nortel Networks to acquire their company's patents. Although the time is a bit earlier, another advantage is that no one competes with him.

The price increase in the previous life acquired Nortel’s patents for US$900 million, but it was immediately attacked by companies such as Microsoft, Apple, Samsung, etc., who came after hearing the news. As a result, the price increased all the way, and the alliance of Microsoft and Apple paid US$4.5 billion. Take it away at a high price.

Except for Samsung, other European and American companies are panicking about the upcoming crises, just to reduce their investment and prepare for the cold winter, they have no interest and energy to purchase Nortel Networks patents.

Although Samsung’s foundation is stronger than anyone else, they are now stimulated by Xiao Qi’s DreamStars, and they are afraid of the Android Alliance’s attack, so their only goal now is to make a smart phone, and they must not fall too far behind. Otherwise, it will lag behind the entire era.

American companies are very strange. Many of them are on the verge of bankruptcy, but they still work very hard.

Don't get me wrong, this is not Nortel Networks, although they are the same, Xiao Qi is talking about Citibank.

Of course, Citibank is not as miserable as Merrill Lynch, but since the end of last year, they have had a hard time in the next few years, and they were once the target of the Federal Reserve's rescue.

But their work on weekdays is not affected in any way, and they work hard when they should work hard.

Especially Wade, the vice president of the New York branch, helped Xiao Qi get it done some time ago, and then immediately rushed to Nortel Networks non-stop, and began negotiations with Nortel Networks for more than 8,000 patents. Desperately.

Nortel Networks is now a downright nobleman and not as good as civilians. Coupled with the debts owed by the company, it is very difficult to continue operations, let alone continue to grow.

However, Xiao Qi's appetite is too big. There are more than 8,000 patents, almost all of Nortel Networks, including the core patents of many projects they are currently studying, and Nortel Networks naturally refuses to give it.

But Xiao Qi is really too rich. The initial price was 1 billion US dollars. After being rejected, two or three months later, he slowly negotiated 2.3 billion US dollars. For this price, the board of directors of Nortel Networks, early Already very satisfied.

However, the management of Nortel Networks is not very happy, because this is completely taking away the most valuable thing of Nortel Networks, leaving them as managers and R&D personnel useless.

So in the end they gave a solution, which was 2.3 billion to buy more than 6,000 patents, and the remaining more than 2,000 belong to Nortel Networks and Fairy Company. Nortel Networks continues to develop. According to the development results, Finally, the two parties will negotiate the distribution of rights and interests.

They wanted a good idea. Although it is shared now, after the research and development, they will definitely adjust the proportion of the interests of Nortel Networks to the highest for various reasons. The joint rights in Xiao Qi's hands have no rights at all.

Xiao Qi pondered for a few days, but UU Read www.uukanshu.com still agreed to their terms.

When Nortel Networks filed for bankruptcy protection in the previous life in January 2009, these technologies still had no breakthroughs, such as 4G, Ethernet super-light speed connections, etc. These technologies will obviously not mature until 2012 and 2013. Nortel Networks No matter how powerful the people are, there is no way to develop them three or four years in advance.

However, Xiao Qi also added a priority to acquire Nortel Networks' more than 2,000 patents, and Nortel Networks also agreed.

Speaking of these, these are also poor people. Although they have so many core wireless, optical and communication technologies, it is because of the pig-like management that they will inevitably fall into the **** of bankruptcy protection in the end!

But that’s okay. Not only will Xiao Qi accept their patents, these R&D talents can also be recruited! (To be continued. If you like this work, you are welcome to come to the starting point () to vote recommended votes, monthly tickets, your support is my biggest motivation. Mobile users please go to read.)

PS: Thank you Xiongtai for your corrections, and also thanks to my Duoban Mu brother for his tireless management reminders. Brothers, if you have any comments and opinions, please send a private letter to me.