Chapter 1419
On this trading day, Apple's share price is still falling.
The opening price was $5.47, which fell below the $5 mark in an hour. In the afternoon of local time in the United States, a technology media officially revealed that jobs resigned as CEO of apple. Once the news was released, it caused market panic again. The stock price fell sharply in a short time. The lowest stock price in the market fell to $4.23.
In order to save the decline, apple issued an urgent announcement, in which Tim Cook, who is in charge of sales management, was appointed to take over jobs as the new CEO of apple. Tim Cook, 43, said that he has worked for IBM and Compaq for many years and joined apple for five years. He has strong personal ability, hard quality and knows apple like a finger, which will lead apple out of the haze.
Jobs recognized Tim Cook very much. Five years ago, when Tim Cook joined apple, jobs invited him to join. In recent years, jobs has been training Tim Cook as a future successor. At this time, apple let @ come out to rescue, and people familiar with apple are not surprised.
But consumers didn't expect much from Tim Cook. Apple's share price only rose a little, and ended up at $4.53.
Another day of slaughter.
Share price and market value are down 17% in one day, which makes people feel cold.
At the end of this trading day, Apple's market value is only 4 billion dollars. Although all the actual bad news has been exhausted, if Apple can't find a real way to save the decline in the business line, with the continuous loss of investor confidence, Apple's stock price will continue to fall in the future for some time.
This kind of decline, like cutting flesh with a blunt knife, is bound to be a long and endless pain and nightmare.
……
The first thing for Luis Martin after arriving at the hotel is to immediately hold a conference call with the headquarters of Sequoia. Sequoia is very concerned about every move of Li Mu at this time. Especially, they feel that Li Mu may have plans to launch a multi billion dollar level commercial acquisition, so they are more eager to know what he really thinks.
Louis Martin reported the whole process of meeting with Li Mu to the Redwood board on the other end of the phone in detail. At last, he concluded: "although I don't understand the value of apple to pastoral technology, Li Mu's determination to eat and make apple is really strong. When he said that he wanted to privatize apple, I could feel his excitement 。”
Sequoia senior management of capital operation most proficient in a big guy surprised to say: "what do Li Mu like about apple? Apple's really profitable product lines have been killed by him. Now apple is a mess. Compare all of its business lines with that of Makino technology, and you will find that Makino technology doesn't need apple at all;
the unique business lines of Apple don't help Makino technology's existing industries, and their own profitability is very weak and sustainable The R & D cost is very high; and the overlapping part of apple and Makino technology will definitely be a burden for Makino technology in the future. Even if Apple is priced at 5 billion US dollars for privatization acquisition, there are at least 1 billion US dollars in the value of the two industrial chains, iPod and iTunes. What's the significance of Li Mu's buying these two industrial chains back? "
All Sequoia executives fell silent.
No one can think of the problem.
Why does Li Mu buy apples?
With Li Mu's shrewdness, it's impossible to see the hole in it. To buy apple is to buy back a huge, unprofitable mess. Li Mu can't keep iTunes and iPod, or he will fight with himself, but iTunes and iPod have nothing to digest. He can only use them when he buys them back, which is a waste Money.
As for Apple's other business lines, it really doesn't make sense.
When the chairman of Sequoia was puzzled, he suddenly asked, "is it possible that Li Mu's purchase of apple is for some strategic layout? Or to clear the way for the future of Makino technology? We can't stay at our level to measure Li Mu. This guy's general layout is far away. Maybe it's useless for him to buy apple at present, but it will play a big role in the future. "
"Not likely." Louis Martin said: "I have studied Apple's current business line carefully. Except for iPod and iTunes, the rest is Mac computer business. The sales volume of imac-g4 is not very good, and the market share of Mac OS operating system is also poor. Now Microsoft has come to the bottom again, and MAC business will be more affected in the future, even if Apple belongs to Li Mu It's hard for Li Mu to build the MAC business line. "
After that, Louis Martin added: "to remind you, Li Mu has invested in a complete computer manufacturer named Shenzhou in China, and has promoted the government to issue a policy of benefiting the people through the Internet. This policy is intended to accelerate the number of Internet users and the number of terminals connected to the Internet in China, which is equivalent to Li Mu's helping Chinese consumers in advance Overdraft home computer budget, even if he gets Mac OS at this time, it is difficult to promote Mac OS to the Chinese market. "Li Mu's willingness to take down the apple is extremely strong. Let alone the Sequoia, even if the apple knows it, it can't guess what Li Mu means.
In Li Mu's view, the apple is a uranium mine whose atomic energy has not been discovered. What people see is only the value of his land, but not the wealth he contains underground. Therefore, the valuation is also measured by the price of the land. However, once the atomic energy is discovered one day, the price of this land will break through the sky.
The "atomic energy" expected by Li Mu is mobile Internet and smart phone. Mobile Internet is the general trend. Smart phone is the key link for apple to complete transformation.
Until Li Mu's rebirth, no company in Huaxia had the ability to develop an operating system with real use value, whether it was a computer or a mobile phone. However, Apple has this technology background, and it even has a set of Mac OS System ready-made. This is the mother of IOS, but she is still a big girl with yellow flowers today.
Li Mujian believes that as long as he gets apple before the era of mobile Internet comes, the Mac OS system will naturally become his own bag. The rest is to give Apple's engineers an overall salary increase and let them develop IOS system on the Mac OS system.
At that time, I'm afraid that the business of Makino technology's acquisition of Apple will become the most successful acquisition in the history of human enterprises.
Think about the investment of billions of dollars, which can support the market value of hundreds of billions of dollars in the future. This is absolutely the operation of no one before and no one after.
Chairman Sequoia couldn't understand Li Mu's idea. He smacked his lips and said, "let's not study why Li Mu wants to buy apples for the time being. What I am more concerned about now is how Li Mu is going to buy apples. He doesn't have so much disposable cash in his hand, and there is a big capital gap. Does he have a plan for refinancing?"
"No." Louis Martin poured cold water on the chairman and said: "Li Mu has made it clear that he is not ready to refinance before the IPO. At this time, financing is equivalent to bearing a huge disguised loss."
Chairman of Sequoia said with a smile: "it doesn't matter if we don't raise funds. We can't accept the key purchase of apple."
After that, he added: "it's basically impossible for Li Mu to get billions of dollars in cash now. Muye technology is not listed. Most of the valuations are virtual assets. The proportion of net assets is too low to support billions of dollars in loans. Moreover, even shares can't be pledged without the company going to the market. Who will give him so much money? Taobao's redundant capital is worth up to several hundred million dollars. And China has foreign exchange control. How can he change this money into US dollars and get it to the US market? If Li Mu wants to raise tens of billions of RMB in China and change them into dollars, it's almost a daydream! Li Mu wants to buy apple without financing. Money is not the fundamental problem. Foreign exchange is the biggest key! "
Louis Martin said: "I also wonder. What Li Mu means now is that he asked me to help his team prepare for the acquisition, and then to negotiate with apple. He didn't tell me how to pay after the negotiation is successful."
Chairman Sequoia said: "well, it's not white gang for you to go all the way to help. After you meet with Li Mu tomorrow, you can give him a cooperation plan. Sequoia is willing to borrow 3.6 billion dollars from Muye technology without interest. This money can be repaid after Muye technology's successful IPO. If Li Mu doesn't want to IPO in a short period of time, the time can be extended to three years, but the condition is that Muye technology should With a valuation of US $80 billion, we need to dilute the shares of three points to us. In this way, he only needs to sacrifice three points to get us $6 billion in cash to buy apple. "
According to the chairman of Sequoia, the reason why Li Mu is not willing to finance another round of capital is that he does not want to dilute his shares. If Li Mu wants to finance 6 billion US dollars now, shareholders of Muye technology should dilute at least 7-8 points collectively. If Li Mu is allowed to dilute so many shares at this time, Li Mu may not be able to agree to replace him, but everything can be discussed. Since 7-8 If you don't want too many shares, I'll ask for less shares. You dilute three shares to me. I'll give you 2.4 billion dollars, and then lend you 3.6 billion dollars. You can use it slowly. Isn't that always interesting?
Sequoia has a lot of hot money in its hands, which has been looking for various investment projects. Most of the money is private funds. As long as Sequoia promises a yield, it can take the money to make venture capital in the world. Top old capital like Sequoia, because of its strong capital operation ability and eye-catching ability, has as much money as it wants. Today, it is ready to borrow Give Li Mu 3.6 billion dollars, and countless people will bring 36 billion dollars to his door in the evening.
Sequoia needs to pay interest rate to take us $3.6 billion, but the main reason why Sequoia is willing to lend it to Muye technology without interest is that it can use US $2.4 billion to buy shares in three points of Muye technology, and shares in three points of Muye technology. Even after IPO, even if a part is diluted, it can be worth at least US $45 billion. If it is held for a long time, its potential benefits will be greater, far greater than US $3.6 billion Yuan to Muye technology for several years to pay interest.
Louis Martin naturally understood the intention of the chairman of the board. Since he could not bite off a large piece of meat, a small bite would give him other benefits. Is that the head office?So he immediately promised: "don't worry, chairman. I'll go to Muye technology to talk to Li Mu in detail in the morning!"
The opening price was $5.47, which fell below the $5 mark in an hour. In the afternoon of local time in the United States, a technology media officially revealed that jobs resigned as CEO of apple. Once the news was released, it caused market panic again. The stock price fell sharply in a short time. The lowest stock price in the market fell to $4.23.
In order to save the decline, apple issued an urgent announcement, in which Tim Cook, who is in charge of sales management, was appointed to take over jobs as the new CEO of apple. Tim Cook, 43, said that he has worked for IBM and Compaq for many years and joined apple for five years. He has strong personal ability, hard quality and knows apple like a finger, which will lead apple out of the haze.
Jobs recognized Tim Cook very much. Five years ago, when Tim Cook joined apple, jobs invited him to join. In recent years, jobs has been training Tim Cook as a future successor. At this time, apple let @ come out to rescue, and people familiar with apple are not surprised.
But consumers didn't expect much from Tim Cook. Apple's share price only rose a little, and ended up at $4.53.
Another day of slaughter.
Share price and market value are down 17% in one day, which makes people feel cold.
At the end of this trading day, Apple's market value is only 4 billion dollars. Although all the actual bad news has been exhausted, if Apple can't find a real way to save the decline in the business line, with the continuous loss of investor confidence, Apple's stock price will continue to fall in the future for some time.
This kind of decline, like cutting flesh with a blunt knife, is bound to be a long and endless pain and nightmare.
……
The first thing for Luis Martin after arriving at the hotel is to immediately hold a conference call with the headquarters of Sequoia. Sequoia is very concerned about every move of Li Mu at this time. Especially, they feel that Li Mu may have plans to launch a multi billion dollar level commercial acquisition, so they are more eager to know what he really thinks.
Louis Martin reported the whole process of meeting with Li Mu to the Redwood board on the other end of the phone in detail. At last, he concluded: "although I don't understand the value of apple to pastoral technology, Li Mu's determination to eat and make apple is really strong. When he said that he wanted to privatize apple, I could feel his excitement 。”
Sequoia senior management of capital operation most proficient in a big guy surprised to say: "what do Li Mu like about apple? Apple's really profitable product lines have been killed by him. Now apple is a mess. Compare all of its business lines with that of Makino technology, and you will find that Makino technology doesn't need apple at all;
the unique business lines of Apple don't help Makino technology's existing industries, and their own profitability is very weak and sustainable The R & D cost is very high; and the overlapping part of apple and Makino technology will definitely be a burden for Makino technology in the future. Even if Apple is priced at 5 billion US dollars for privatization acquisition, there are at least 1 billion US dollars in the value of the two industrial chains, iPod and iTunes. What's the significance of Li Mu's buying these two industrial chains back? "
All Sequoia executives fell silent.
No one can think of the problem.
Why does Li Mu buy apples?
With Li Mu's shrewdness, it's impossible to see the hole in it. To buy apple is to buy back a huge, unprofitable mess. Li Mu can't keep iTunes and iPod, or he will fight with himself, but iTunes and iPod have nothing to digest. He can only use them when he buys them back, which is a waste Money.
As for Apple's other business lines, it really doesn't make sense.
When the chairman of Sequoia was puzzled, he suddenly asked, "is it possible that Li Mu's purchase of apple is for some strategic layout? Or to clear the way for the future of Makino technology? We can't stay at our level to measure Li Mu. This guy's general layout is far away. Maybe it's useless for him to buy apple at present, but it will play a big role in the future. "
"Not likely." Louis Martin said: "I have studied Apple's current business line carefully. Except for iPod and iTunes, the rest is Mac computer business. The sales volume of imac-g4 is not very good, and the market share of Mac OS operating system is also poor. Now Microsoft has come to the bottom again, and MAC business will be more affected in the future, even if Apple belongs to Li Mu It's hard for Li Mu to build the MAC business line. "
After that, Louis Martin added: "to remind you, Li Mu has invested in a complete computer manufacturer named Shenzhou in China, and has promoted the government to issue a policy of benefiting the people through the Internet. This policy is intended to accelerate the number of Internet users and the number of terminals connected to the Internet in China, which is equivalent to Li Mu's helping Chinese consumers in advance Overdraft home computer budget, even if he gets Mac OS at this time, it is difficult to promote Mac OS to the Chinese market. "Li Mu's willingness to take down the apple is extremely strong. Let alone the Sequoia, even if the apple knows it, it can't guess what Li Mu means.
In Li Mu's view, the apple is a uranium mine whose atomic energy has not been discovered. What people see is only the value of his land, but not the wealth he contains underground. Therefore, the valuation is also measured by the price of the land. However, once the atomic energy is discovered one day, the price of this land will break through the sky.
The "atomic energy" expected by Li Mu is mobile Internet and smart phone. Mobile Internet is the general trend. Smart phone is the key link for apple to complete transformation.
Until Li Mu's rebirth, no company in Huaxia had the ability to develop an operating system with real use value, whether it was a computer or a mobile phone. However, Apple has this technology background, and it even has a set of Mac OS System ready-made. This is the mother of IOS, but she is still a big girl with yellow flowers today.
Li Mujian believes that as long as he gets apple before the era of mobile Internet comes, the Mac OS system will naturally become his own bag. The rest is to give Apple's engineers an overall salary increase and let them develop IOS system on the Mac OS system.
At that time, I'm afraid that the business of Makino technology's acquisition of Apple will become the most successful acquisition in the history of human enterprises.
Think about the investment of billions of dollars, which can support the market value of hundreds of billions of dollars in the future. This is absolutely the operation of no one before and no one after.
Chairman Sequoia couldn't understand Li Mu's idea. He smacked his lips and said, "let's not study why Li Mu wants to buy apples for the time being. What I am more concerned about now is how Li Mu is going to buy apples. He doesn't have so much disposable cash in his hand, and there is a big capital gap. Does he have a plan for refinancing?"
"No." Louis Martin poured cold water on the chairman and said: "Li Mu has made it clear that he is not ready to refinance before the IPO. At this time, financing is equivalent to bearing a huge disguised loss."
Chairman of Sequoia said with a smile: "it doesn't matter if we don't raise funds. We can't accept the key purchase of apple."
After that, he added: "it's basically impossible for Li Mu to get billions of dollars in cash now. Muye technology is not listed. Most of the valuations are virtual assets. The proportion of net assets is too low to support billions of dollars in loans. Moreover, even shares can't be pledged without the company going to the market. Who will give him so much money? Taobao's redundant capital is worth up to several hundred million dollars. And China has foreign exchange control. How can he change this money into US dollars and get it to the US market? If Li Mu wants to raise tens of billions of RMB in China and change them into dollars, it's almost a daydream! Li Mu wants to buy apple without financing. Money is not the fundamental problem. Foreign exchange is the biggest key! "
Louis Martin said: "I also wonder. What Li Mu means now is that he asked me to help his team prepare for the acquisition, and then to negotiate with apple. He didn't tell me how to pay after the negotiation is successful."
Chairman Sequoia said: "well, it's not white gang for you to go all the way to help. After you meet with Li Mu tomorrow, you can give him a cooperation plan. Sequoia is willing to borrow 3.6 billion dollars from Muye technology without interest. This money can be repaid after Muye technology's successful IPO. If Li Mu doesn't want to IPO in a short period of time, the time can be extended to three years, but the condition is that Muye technology should With a valuation of US $80 billion, we need to dilute the shares of three points to us. In this way, he only needs to sacrifice three points to get us $6 billion in cash to buy apple. "
According to the chairman of Sequoia, the reason why Li Mu is not willing to finance another round of capital is that he does not want to dilute his shares. If Li Mu wants to finance 6 billion US dollars now, shareholders of Muye technology should dilute at least 7-8 points collectively. If Li Mu is allowed to dilute so many shares at this time, Li Mu may not be able to agree to replace him, but everything can be discussed. Since 7-8 If you don't want too many shares, I'll ask for less shares. You dilute three shares to me. I'll give you 2.4 billion dollars, and then lend you 3.6 billion dollars. You can use it slowly. Isn't that always interesting?
Sequoia has a lot of hot money in its hands, which has been looking for various investment projects. Most of the money is private funds. As long as Sequoia promises a yield, it can take the money to make venture capital in the world. Top old capital like Sequoia, because of its strong capital operation ability and eye-catching ability, has as much money as it wants. Today, it is ready to borrow Give Li Mu 3.6 billion dollars, and countless people will bring 36 billion dollars to his door in the evening.
Sequoia needs to pay interest rate to take us $3.6 billion, but the main reason why Sequoia is willing to lend it to Muye technology without interest is that it can use US $2.4 billion to buy shares in three points of Muye technology, and shares in three points of Muye technology. Even after IPO, even if a part is diluted, it can be worth at least US $45 billion. If it is held for a long time, its potential benefits will be greater, far greater than US $3.6 billion Yuan to Muye technology for several years to pay interest.
Louis Martin naturally understood the intention of the chairman of the board. Since he could not bite off a large piece of meat, a small bite would give him other benefits. Is that the head office?So he immediately promised: "don't worry, chairman. I'll go to Muye technology to talk to Li Mu in detail in the morning!"
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