Back To 1995
Chapter 1173: shopping around
Chapter 1173 Shop around and throw away
Fortinet and EMC Group did not expect that even such a thing as an acquisition would crash, and they are all antivirus software companies in the security field acquiring the storage industry!
Before Fortinet announced the news, Symantec suddenly announced that it would acquire Will Storage Software at a price of up to 13.5 billion dollars.
As soon as the news came out, it shocked the global Internet security and storage industry. No one knows what the combination of security and storage is, but Symantec really dares to spend more than 10 billion dollars without blinking an eye. Take it out in one go!
However, it is the EMC Group that is even more irritating. Compared with EMC, the Vere storage software is not at the same level at all, and can be sold for 13 billion dollars, although Symantec has won the Vere storage software. All the shares, while Fortinet only took away 55% of EMC's shares. The actual valuation for EMC exceeded 15 billion US dollars.
Seeing the news of Symantec's acquisition of Weir, EMC's board of directors had the urge to snap off their thighs, and it was only a few hours away. If they saw the news of Symantec's acquisition of Weir first, they would not be killed. One billion US dollars, EMC was sold for nothing!
As for the Fortinet side, I feel lucky. Verdu is worth 13.5 billion US dollars, so how much will it cost to buy EMC, the leader in the global storage industry? !
In the outside world, there is still a lot of discussion about the combination of Symantec and Weil. Suddenly, another news that shocked the entire Silicon Valley came out. Fortinet signed a merger agreement with EMC Group. The two listed companies will merge into one in the future. New brand with Fortinet EMC!
And after this announcement, seeing that Fortinet completed the merger and acquisition of EMC in the form of stock plus cash, and became the major shareholder of EMC Group, but the cost of US dollars was only 8 billion, the entire Silicon Valley was shocked. There was some silence, and then Symantec, whose stock price was still soaring just now, began to plummet.
However, Fortinet's stock price has started to rise in a straight line. You are not afraid of not knowing the goods, but you are afraid of comparing goods. If Fortinet did not acquire EMC, the outside world will at most question Symantec's acquisition of Weir. Is this acquisition a bit of a loss? , Will it be a pit in the future, but it is not enough to say that it will be sentenced to death immediately.
But what the hell, now that Fortinet has acquired a controlling stake in EMC, it only cost eight billion dollars. What did Fortinet buy, and what did Symantec buy? Weil earns two or three billion dollars a year. It's a beautiful knife, and EMC's revenue can exceed seven or eight billion. People are more popular than others, and they have to throw away their goods. In comparison, Symantec is not taking advantage of it properly? !
Symantec President Anriqui Seren, who had just finished an interview with reporters, came to the grand banquet held by Symantec to celebrate the acquisition of Weil in a good mood.
Anriqui Seren, who was born in technology, is also a big cow in the industry. He once led the development of the famous Norton antivirus software, and later joined Symantec as the chief operating officer. At the end of last year, he finally became a full-time employee and became a Symantec K's CEO.
Acquisition of Weier storage is also the first big investment of Anriqui Seren since he took office. In terms of anti-virus software technology, Anriqui Seren is definitely a leader, but it is precisely because of this that Anriqui Seren can feel that in In the field of Internet security, Symantec has already touched the ceiling of the industry, and it is difficult to deposit any more.
McAfee, Norton, Symantec, and perhaps, plus a flying tower in the field of Internet network security, constitute the four giants in the field of Internet security in America today. The first three are all competing at the corporate level. anti-virus software market, while Fortinet is an anti-virus software entrenched in ordinary computer and mobile phone users.
Now McAfee, Norton, and Symantec, none of them can kill anyone, they are all expanding to overseas markets, and Anrique Theron has no hope. It is unrealistic to say that it will defeat McAfee and Norton, so I thought of trans Entering the storage industry in the world, the concept of security plus storage is still very bluffing. Anriqui Seren feels that this move can not only secure his position as the president of Symantec, but also not help Symantec complete a breakthrough. Definitely kill two birds with one stone.
After entering the banquet, the voices of compliments to Anriqui Salem were endless, and several Wall Street institutions, investment banks, and bank representatives who helped Symantec complete the acquisition also raised their glasses to Anriqui Salem.
But just as Anriqui Seren was tossing the cup, he saw a representative of a Wall Street investment bank in front of him. After answering a phone call, his face changed drastically, and he no longer smiled when he looked at Anriqui Seren. On the contrary, there is a feeling of gnashing teeth, and the eyes are very unfriendly.
"President Anrique Salem, something happened..."
A Symantec executive approached Anriqui Salem, and whispered to Anriqui Salem with a gloomy expression.
"Excuse me!"
After throwing down a sentence, Anriqui Salem hurriedly left the banquet hall and came to a room in the hotel, where a group of Symantec directors and executives had already gathered, all staring at the TV station.
"Fortinet Corporation and EMC Group signed a merger agreement in Boston. Fortinet President Xie Qing and EMC Group President Jotus will serve as co-CEOs of the new Fortinet EMC. In the future, the two companies will merge into a company spanning Giant companies in various industries such as network security, storage, and TV set-top boxes may have an annual revenue of more than US$20 billion..."
When he saw this, Anriqui Salem only felt a "boom" in his head, and then he was in a daze.
Finally, her blood pressure went down, and she came back to her senses. Anriqui Seren saw on TV, the signing scene between Feita and EMC. Jotus and Xie Qing were signing, and Song Yang and Rutgers were talking in a low voice behind. Laughing, when seeing this scene, Anriqui Seren felt the urge to soar again in blood pressure.
"This is a difficult decision. The EMC brand will not disappear and will always exist. After the merger is completed, EMC will join hands with Fortinet to develop new products. In the next five years, Fortinet EMC will invest no less than US$4.8 billion Knife, used for research and development of technology and products, we will launch products as soon as possible, Fortinet EMC will become a company that makes users proud!"
At the press conference, it was visible to the naked eye that Jotus was in a good mood, and the original anxiety and restlessness had disappeared.
"Yes, EMC has received some new orders, worth 1.6 billion US dollars, which are new orders from Alcatel mobile phones, Apple Computers, Sega game consoles, Siebel Automobiles, etc. to the EMC Group. This is just the beginning!"
"Fortinet EMC will complete the acquisition of PA Semiconductor's storage business by way of equity exchange!"
"Wall Street valued Fortinet EMC at more than $44 billion?!
Sorry, I just heard this news, but I think Fortinet EMC deserves a higher valuation, Song and I have already planned several new projects for Fortinet EMC! "
Looking at Jotus, who was chatting and laughing happily on the TV, being interviewed by media reporters, Anriqui Seren fell into an abyss. He didn't need to look back, he could also think of the board members of Symantec in the room. He was looking at him, and he probably felt like giving him a knife. This would estimate that Symantec's stock price had already fallen into a dog, and Anriqui Salem could guess it without looking.
"With the acquisition of Vail, Symantec can also complete the transformation..."
Anrique Theron wanted to try hard to convince himself, and also convinced the board members and executives of Symantec present.
But in response to Anriqui Salem, only Symantec chairman Daniel Suleman said coldly, "I hope to see Symantec's stock price stabilize as soon as possible, Salem, you are very interested in Simon." Tec is very important, and the veteran of Symantec, I don't want to see the day you leave!"
Then a large group of people left, only Anriqui Salem was left alone in the hotel room, watching the TV station, who were still being interviewed by Jotus and Xie Qing, Enrique Salem wished that He smashed the panda LCD TV in front of him.
Even acquisitions can crash a car, which was unexpected by Anriqui Salem, and he also didn't expect that he could become that unlucky guy. Looking at the logo of Fortinet Company, Anriqui Salem gritted his teeth, but there was nothing he could do.
With this wave of operations, Fortinet and EMC have surpassed Symantec, McAfee, Norton and other rivals in strength and become a giant company. If a few more influential products are launched, Enrique Salem feels that I’m afraid it wasn’t Fortinet EMC that could beat Oracle, IBM, and even Microsoft giants in the software industry, and his career in Symantec, Enrique Ceron felt like entering the countdown, Fortinet EMC’s performance The better, the closer he is to being kicked out!
(end of this chapter)
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