Chapter 331： Don't be ignorant
Chapter 331 Don't be ignorant
The United States, California's San Francisco Bay Area, here is the famous Silicon Valley.
Between the southern part of the Bay Area and the western part of Santa Clara County, there is a small town called Cupertino, perhaps most people have not heard of this place.
But it is home to the headquarters of several world-class companies, the most famous of which is of course Apple!
But in 2001, Apple was not a big company, let alone world famous.
You must know that this company, which was listed in 1980, had a market value of only US$5 billion in 2001, and was even on the verge of bankruptcy...
Apple headquarters, this will be called "Infinite Loop", a ring-shaped building complex composed of six office buildings. As for "APPLEPARK", of course, the drawings have not yet appeared.
In Building 1 of the Infinite Loop Park, this building is the core of Apple, the office address of the management and marketing departments.
In a conference room on the fourth floor, Gang Master Qiao and several Apple executives were negotiating with Waite, a representative from Gateway, and others.
Waite raised his head, didn't even look at Gang Master Qiao, and said in an arrogant tone:
"Our company can value Apple at $5 billion, and make acquisitions by issuing additional shares. Of course, if your shareholders want to get cash, it can be negotiated. But the valuation is unlikely to reach five billion. It's so high, as everyone knows, Apple is about to go bankrupt now. What kind of MP3 player you made, no one seems to buy it after it goes on the market, the company has laid off half of its employees..."
Obviously, the Gateway company represented by Waite wanted to take advantage of the fire and buy Apple.
Jobs stared at Waite with sharp eyes, pursed his lips and said nothing.
Apple was founded by him, supporting his biggest dream in life!
Now that he was belittled to the point of being worthless, he was naturally angry, that is, his rationality controlled his emotions, otherwise he was afraid that he would curse when he opened his mouth.
Apple's current situation is really not ideal. After he returned to the company last year, the IPOD player that he promoted as a host did not perform well after the listing. Half a year has passed, and the total sales are only less than 30,000 units...
In addition, affected by the bursting of the global Internet bubble, all investment companies now admit that they are unable to guarantee, and they have begun to carefully control the scale of investment.
In a nutshell, everyone has no money in their hands...
In order to save money, Apple had to make large-scale layoffs, and now the infinite loop park has become very deserted.
Six office buildings, almost half of the office space is vacant, it is abnormally depressed, and it seems that it is a bit unbearable.
Even someone as strong as Gang Master Qiao had to bow his head and face the reality, so this acquisition negotiation took place.
In the past, people like Waite and companies like Gateway would not have the qualifications to come to see him, let alone an acquisition, it would be a humiliation to him, Jobs, and Apple!
Of course, this is also the angry words of the Qiao Gang master, after all, the Gateway company is not small.
The company's Chinese name is "Jiewei". It used to be able to compete with giants like Hewlett-Packard in the field of personal PCs, and it was also one of the earliest companies in the personal computer business.
But even so, Gateway is not qualified to buy Apple!
Although Apple's market value is not high, only five billion dollars, but Gateway's market value is not comparable to Apple's, only less than two billion.
What are you talking about by issuing additional stocks for mergers and acquisitions, in the final analysis, you just want to play a farce of a snake swallowing an elephant...
…………
Seeing that the scene in the conference room was rather dignified, Cook next to him quickly smiled and eased the atmosphere: "Wait, your offer is not sincere enough. You should know that our Apple company is indeed facing difficulties and urgently needs funds. That’s why we agreed to negotiate with you. In fact, we have no plan to sell the company as a whole, and prefer to reach cooperation through share expansion financing.”
Although Cook only joined Apple this year, he has already become the right-hand man of the gang leader Qiao. After all, the gang leader Joe has just staged a "Return of the King", and he doesn't have much of his own confidant inside the company, and he is now rebuilding himself. When he was in the team, Cook was interviewed and recruited by him personally, and he was also a subordinate he trusted very much.
For Cook's kindness, Waite did not appreciate it.
He smiled lightly, still with that arrogant demeanor, and said, "Cook, you also know what our company does, we are not an investment company! In the past two years, are there any investment companies in our country, aren't they all? It's dead, haha..."
Although his attitude is still unpleasant, I have to say that what he said is quite realistic.
Everyone knows that investment companies have been called "heavy casualties" in the past two years because they are optimistic about the Internet industry.
Every day, on Wall Street you don’t know how many investment companies are going to fail!
At this stage, I really can’t find the kind of investment companies that used to wave cheques and invest money everywhere…
At this moment, Gang Master Qiao couldn't help it. He said coldly, "Wait, which do you think is more valuable, Apple or Gateway?"
Waite was stunned, he actually wanted to answer that the Gateway company was more valuable.
But the problem is that both companies are listed companies, and they are still the same type of company. At present, Apple's market value is $5 billion, while Gateway is less than $2 billion...
This is the reality, you can’t deceive others if you want to lie.
So he can only say honestly: "For the time being, Apple must be more valuable, but..."
Before he could say anything "but", he was interrupted by the leader of Qiao Gang.
"Either just come to talk with a cash check, or get out of the conference room, don't play the trick of holding a financial liar in front of me!" Joe gang leader said unceremoniously.
After hearing this, the arrogant look on Waite's face could no longer be maintained.
He got a little exasperated, stood up in a hurry, put his hands on the conference table, leaned over to look at the gang leader Joe, and said viciously: "Okay! Jobs, I really want to see how much you can support Apple. For a long time! If I promise to be acquired by our Gateway company, I can still give you a position in the post-merger company, I advise you not to be ignorant!"
But Gang Master Qiao didn't seem to listen to him at all, stood up, turned around and walked straight out of the conference room, leaving the rest of the people looking at each other.
Cook can only help him with the aftermath, saying that the Apple board still needs to discuss the Gateway's offer...
(end of this chapter)
The United States, California's San Francisco Bay Area, here is the famous Silicon Valley.
Between the southern part of the Bay Area and the western part of Santa Clara County, there is a small town called Cupertino, perhaps most people have not heard of this place.
But it is home to the headquarters of several world-class companies, the most famous of which is of course Apple!
But in 2001, Apple was not a big company, let alone world famous.
You must know that this company, which was listed in 1980, had a market value of only US$5 billion in 2001, and was even on the verge of bankruptcy...
Apple headquarters, this will be called "Infinite Loop", a ring-shaped building complex composed of six office buildings. As for "APPLEPARK", of course, the drawings have not yet appeared.
In Building 1 of the Infinite Loop Park, this building is the core of Apple, the office address of the management and marketing departments.
In a conference room on the fourth floor, Gang Master Qiao and several Apple executives were negotiating with Waite, a representative from Gateway, and others.
Waite raised his head, didn't even look at Gang Master Qiao, and said in an arrogant tone:
"Our company can value Apple at $5 billion, and make acquisitions by issuing additional shares. Of course, if your shareholders want to get cash, it can be negotiated. But the valuation is unlikely to reach five billion. It's so high, as everyone knows, Apple is about to go bankrupt now. What kind of MP3 player you made, no one seems to buy it after it goes on the market, the company has laid off half of its employees..."
Obviously, the Gateway company represented by Waite wanted to take advantage of the fire and buy Apple.
Jobs stared at Waite with sharp eyes, pursed his lips and said nothing.
Apple was founded by him, supporting his biggest dream in life!
Now that he was belittled to the point of being worthless, he was naturally angry, that is, his rationality controlled his emotions, otherwise he was afraid that he would curse when he opened his mouth.
Apple's current situation is really not ideal. After he returned to the company last year, the IPOD player that he promoted as a host did not perform well after the listing. Half a year has passed, and the total sales are only less than 30,000 units...
In addition, affected by the bursting of the global Internet bubble, all investment companies now admit that they are unable to guarantee, and they have begun to carefully control the scale of investment.
In a nutshell, everyone has no money in their hands...
In order to save money, Apple had to make large-scale layoffs, and now the infinite loop park has become very deserted.
Six office buildings, almost half of the office space is vacant, it is abnormally depressed, and it seems that it is a bit unbearable.
Even someone as strong as Gang Master Qiao had to bow his head and face the reality, so this acquisition negotiation took place.
In the past, people like Waite and companies like Gateway would not have the qualifications to come to see him, let alone an acquisition, it would be a humiliation to him, Jobs, and Apple!
Of course, this is also the angry words of the Qiao Gang master, after all, the Gateway company is not small.
The company's Chinese name is "Jiewei". It used to be able to compete with giants like Hewlett-Packard in the field of personal PCs, and it was also one of the earliest companies in the personal computer business.
But even so, Gateway is not qualified to buy Apple!
Although Apple's market value is not high, only five billion dollars, but Gateway's market value is not comparable to Apple's, only less than two billion.
What are you talking about by issuing additional stocks for mergers and acquisitions, in the final analysis, you just want to play a farce of a snake swallowing an elephant...
…………
Seeing that the scene in the conference room was rather dignified, Cook next to him quickly smiled and eased the atmosphere: "Wait, your offer is not sincere enough. You should know that our Apple company is indeed facing difficulties and urgently needs funds. That’s why we agreed to negotiate with you. In fact, we have no plan to sell the company as a whole, and prefer to reach cooperation through share expansion financing.”
Although Cook only joined Apple this year, he has already become the right-hand man of the gang leader Qiao. After all, the gang leader Joe has just staged a "Return of the King", and he doesn't have much of his own confidant inside the company, and he is now rebuilding himself. When he was in the team, Cook was interviewed and recruited by him personally, and he was also a subordinate he trusted very much.
For Cook's kindness, Waite did not appreciate it.
He smiled lightly, still with that arrogant demeanor, and said, "Cook, you also know what our company does, we are not an investment company! In the past two years, are there any investment companies in our country, aren't they all? It's dead, haha..."
Although his attitude is still unpleasant, I have to say that what he said is quite realistic.
Everyone knows that investment companies have been called "heavy casualties" in the past two years because they are optimistic about the Internet industry.
Every day, on Wall Street you don’t know how many investment companies are going to fail!
At this stage, I really can’t find the kind of investment companies that used to wave cheques and invest money everywhere…
At this moment, Gang Master Qiao couldn't help it. He said coldly, "Wait, which do you think is more valuable, Apple or Gateway?"
Waite was stunned, he actually wanted to answer that the Gateway company was more valuable.
But the problem is that both companies are listed companies, and they are still the same type of company. At present, Apple's market value is $5 billion, while Gateway is less than $2 billion...
This is the reality, you can’t deceive others if you want to lie.
So he can only say honestly: "For the time being, Apple must be more valuable, but..."
Before he could say anything "but", he was interrupted by the leader of Qiao Gang.
"Either just come to talk with a cash check, or get out of the conference room, don't play the trick of holding a financial liar in front of me!" Joe gang leader said unceremoniously.
After hearing this, the arrogant look on Waite's face could no longer be maintained.
He got a little exasperated, stood up in a hurry, put his hands on the conference table, leaned over to look at the gang leader Joe, and said viciously: "Okay! Jobs, I really want to see how much you can support Apple. For a long time! If I promise to be acquired by our Gateway company, I can still give you a position in the post-merger company, I advise you not to be ignorant!"
But Gang Master Qiao didn't seem to listen to him at all, stood up, turned around and walked straight out of the conference room, leaving the rest of the people looking at each other.
Cook can only help him with the aftermath, saying that the Apple board still needs to discuss the Gateway's offer...
(end of this chapter)
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