Instant Noodles Millionaire
Chapter 402
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“Have any of you heard of this American Priority Foundation?” At first, everyone was curious about the American Priority Foundation that suddenly emerged.
In particular, as a member of Wall Street’s several large funds, they said that they had never heard of this American Priority Foundation. As if it suddenly appeared, it felt like a fake.
“Don’t worry about this problem!” Irving Jacobs, the chairman of Qualcomm, saw these people entangled for a long time, and they hadn’t talked about the topic. He couldn’t help but said angrily, “Who are you, no matter what Foundation is? But I like his name very much. The United States first proves that this is a very patriotic Foundation. I am willing to believe in such a Foundation. And gentlemen, no matter whether this Foundation is true or false, as long as their money can be paid, isn’t it enough?”
Yeah! As long as the money arrives, what the hell is that American Priority Foundation!
The directors here quickly reached an agreement, and then began the next topic.
It is a series of questions like whether to sell, how much to sell, and what price to sell.
“I think it can be sold!” As the chairman of the board, Irving Jacobs took the lead in expressing his own opinions. “Now is the most critical moment for Qualcomm. Only if CDMA succeeds can the group go down, otherwise everything will collapse. Our funds are already seriously inadequate, and we must be invested and supplemented by foreign capital!”
“So I suggest that a part of the shares be issued to the Foundation in exchange for sufficient funds to be used in the future development of the group!” Irving Jacobs expressed his opinions in a clear manner.
Irving Jacobs is the chairman of the board and the founder of Qualcomm. In his eyes, there is nothing more important than the development of Qualcomm. So he needs a lot of funds to support the development of Qualcomm.
Moreover, Irving Jacobs still holds 15% of Qualcomm shares in his hands at this time, which is the largest share among all Qualcomm shareholders. If the shares are sold by way of additional issuance, Irving Jacobs will always be able to maintain the share advantage in his hands, so Irving Jacobs immediately Agree.
“can!”
“We also agree!” Irving Jacobs co-founded Qualcomm and several other scientists and shareholders who also agreed.
But Foundation has a different opinion. Eugen Jackson, the representative of the CPC Investment Fund, stood up and said, “Everyone, we also think selling is a good idea, but why do you want to issue additional shares? If you issue additional shares, then you need to go through complicated approvals. The formalities, when everything is done, the day lily is cold!”
“So I suggest that you just transfer part of the shares to this Foundation. Isn’t that fast and convenient!” Eugen Jackson said.
“What kind of transfer, I think you just want to make money!” Irving Jacobs was angrily. “This investment can only be used for the development of the company. No one wants to take money away!”
Irving Jacobs will of course not be fooled by the mouths of these fund companies. These fund companies are undoubtedly caught in crisis and bottleneck because of the development of Qualcomm, so they have the intention to retreat from others and promptly take Qualcomm’s shares. Give it to cash.
So such an investment is meaningless to Qualcomm itself.
“We are investors, not philanthropists!” Eugen Jackson retorted, and the two sides were about to quarrel.
“Everyone, calm down!” At a critical time, Masayoshi Son came out to round the scene and said, “I know what you mean, and he also considers his own interests. There is no problem in itself, we can all take what we need!”
“How can I get what I need?” Several people looked towards Masayoshi Son, frowns asked.
“We can both issue additional shares and sell shares!” Masayoshi Son said with a smile “We can first discuss an additional issuance plan, how many additional shares to be issued and how much funds to obtain for the operation of the company. Negotiate with the other party to get the company’s development funds in hand”
“Next we will decide on the sale of shares, but there is actually no need to discuss this. How much you are willing to sell is your own business, as long as you set a unified selling price, what do you think?”
Masayoshi Son’s words did take into account the interests of both parties, so both parties had nodded and agreed to the dispute just now.
Ever since, the sale of shares was confirmed, and the next step was how to sell.
“I suggest that we can privately issue shares worth 500010000 US dollars!” Irving Jacobs first said.
Qualcomm’s stock price is now around 2.5100000000 million US dollars.
The issuance of additional shares of USD 500010000 and 20 is almost equivalent to the issuance of about 1% of the shares.
For example, if the company originally had 110000 shares, then it would issue an additional 2000 shares and sell all of these shares to the other party to obtain equivalent to 20% of the total market value, which is an income of 1100000000 million US dollars.
In this way, all investors who have bought stocks will lose 20% of their equity.
“I have no opinion!”
“I do not have either!”
This plan was quickly approved by everyone. If Qualcomm can really get an investment of 1100000000 million US dollars, then the entire Qualcomm will come alive and can continue to support R&D for a long time. In addition, Qualcomm’s stock price will also be positive news. Under the circumstances, it has risen linearly, and everyone has benefits. It is indeed beautiful.
The next step is to discuss the situation of selling stocks.
According to Masayoshi Son’s suggestion, all shareholders should unite and negotiate a unified price, so that everyone can save money by comparing prices with each other and losing money.
“I suggest that if you want to sell shares, then based on the stock price at the time, sell at a premium of more than 50%!” Masayoshi Son said first, the premium was 50%, which means that if the stock price on the stock market that day is $100, then it will be sold at $150. The price of one share sells the shares in hand.
50%? so tall!
Everyone looked at Masayoshi Son in disbelief. Now that Qualcomm looks like this, who would be willing to buy Qualcomm shares at a premium of 50%?
“Don’t worry, he will buy it!” Masayoshi Son said confidently. “Since this Foundation has issued an acquisition letter to all of us, it proves that he has a great appetite. Otherwise, just contact any of us privately, no Can I buy a part of the shares? Why tell us all about this.”
“So I think that this American Priority Foundation, they may want to acquire no less than 30% of the shares. This requirement cannot be satisfied by any of us. Therefore, he will issue an acquisition letter to everyone, hoping to be able to Buy a lot of shares!” Masayoshi Son said.
“Then, he will definitely take in our shares at all costs!”
“30%! His appetite is so big!!” Irving Jacobs’s expression changed instantly. He only has 15% of the shares. If there is a major shareholder who owns 30% of the shares, then he is the chairman of the board. Chairman?
“Rest assured, as long as everyone is united, then we have 55% of the shares, and the Foundation is impossible! At the same time, we can also let him sign an agreement. His shares are only for investment and will never interfere with the normal operation and development of the company. !” Masayoshi Son’s words calmed Irving Jacobs a little, and finally the board of directors agreed so happily.
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