"Everyone, we meet again!" Harry Potter said with a smile at the board meeting of Qualcomm Group.
However, compared to before, the board of directors of Qualcomm had undergone tremendous changes. Two of the funds sold all their shares to Harry Potter and completely withdrew.
At the same time, a founder also sold his shares to Harry Potter, but he kept about 3% of his shares and continued to stay on the board of directors.
Therefore, at this time, in addition to the founders of Qualcomm, only Sun Zhengyi was left on the board of directors of Qualcomm Group.
"Mr. Potter, you did a great job this time. You have been eyeing Qualcomm for a long time!" Sun Zhengyi asked with a black face.
"What do you mean?" Harry Potter was shocked. Did Sun Zhengyi find out that the boss asked someone to cause trouble in Hong Kong?
"You are still pretending at this time. If you didn't leak the news to the news media in the United States and spend money to let the news media report, and even fabricate the news that Qualcomm ran out of funds, our shares wouldn't have fallen to this point!" Sun Zhengyi was really angry. He wanted to make a lot of money from Harry Potter.
What he did not expect was that not only did Qualcomm's new technology experiment fail, but the other party also seized the opportunity and took the opportunity to expose it to the news media. As a result, Qualcomm's stock price fell by about half, and his investment in Qualcomm also shrank by half. It was strange that Sun Zhengyi was happy.
"Mr. Sun, we are all people on Wall Street. Is it still a trick to leak the news to the media? Isn't this our daily routine? " Harry Potter laughed and said, "If you didn't fail to live up to expectations, and the experiment in Hong Kong failed, we wouldn't have been able to spread this news, right?"
"Besides, didn't Qualcomm run out of funds? How many dollars do you have in your account? "Harry Potter asked with a smile.
"No comment!" Sun Zhengyi said with his teeth clenched.
"Oh, I almost forgot. I am now the chairman of the board of directors. I don't have to ask you. Come on, go and find the financial director for me. I want him to report the financial situation of the group to me! "Harry Potter said with a smile. The others suddenly became pale.
Soon, the financial director came over. He knew that the new chairman would definitely ask about the financial situation, so he prepared a list of assets and handed it to Harry Potter.
"Tsk, tsk, tsk, it turns out that we don't even have one million dollars in our account. We don't even have enough funds to transport the 18 pieces of equipment back by plane. I didn't expect Qualcomm to be so miserable!" Harry Potter said in a strange tone. The other directors could only smile bitterly.
There was no other way. Qualcomm was really out of money. They had planned to take advantage of the success of the experiment to start a new round of financing to make money. Unexpectedly, the experiment failed and the stock plummeted. It would be strange if anyone was willing to invest in Qualcomm now.
"Mr. Chairman!" Owen Jacobs stood up and said, "Since you are still willing to take over Qualcomm at this time, it means that you are still optimistic about the future of Qualcomm. We hope that the board of directors will immediately issue additional shares to attract a sum of funds to maintain the operation of the company!"
"Increasing the number at this time? Who do you expect to pay for these shares? " Harry Potter shook his head and said, "It's useless. Now the company's stock is plummeting. If you increase the number of shares now, it is equivalent to telling all the investors that the company is out of money. The company's stock will only fall faster. No one will be willing to buy the shares at all!"
"This …" Owen Jacobs was a researcher. He didn't know much about the operation, but what Harry Potter said made sense. He looked at Sun Zhengyi and found that Sun Zhengyi was also silent. He didn't jump out to refute Harry Potter, which meant that what Harry Potter said was true. They couldn't raise money for additional shares now.
"What if we issue additional shares?" Suddenly, Sun Zhengyi said, "Since Mr. Harry Potter is still willing to buy shares when he knows that our company is short of money, it means that Mr. Potter really has expectations for the future of Qualcomm. It is reasonable that Mr. Potter invests a sum of money to maintain the operation of Qualcomm!"
"Why don't we issue additional shares to Mr. Potter? In this way, Mr. Potter's equity ratio can be increased, and the company can also get financial support. Isn't it wonderful?"
"This …" Harry Potter hesitated for a moment, then looked at the other shareholders and asked, "Do you have any objections?"
"We don't have any objections?" All the shareholders shook their heads desperately. What a joke. If they refused to issue additional shares at this time, the company would really be finished.
Therefore, with the unanimous agreement of all the board members, the Qualcomm board decided to issue an additional 50 million US dollars of shares to the America First Foundation. In this way, the foundation's equity ratio in the board of directors increased from 51% to 68%. In the entire Qualcomm Company, no one could challenge the authority of the America First Foundation.
The other shareholders' equity ratios also decreased. In addition to the remaining 8% of the outstanding shares, Owen Jacobs had 7% of the shares left. The other founders and shareholders together had about 14%. Sun Zhengyi's shares had dropped to 3%, which was pitifully small.
However, what made Harry Potter a little upset was that he had privately approached Sun Zhengyi and said that he was willing to get the 3% shares in Sun Zhengyi's hands, but Sun Zhengyi refused. He wanted to stay in Qualcomm no matter what, so Harry Potter couldn't do anything about it.
Immediately afterward, Qualcomm announced the drastic internal equity changes and the fact that the company was basically acquired by the America First Foundation. At the same time, the company also announced that the company had received 50 million US dollars of financing.
Stimulated by the good news, the stock price of Qualcomm Group finally stopped plummeting for several days and stabilized again. However, Qualcomm also suffered a great loss. In the eyes of outsiders, Qualcomm seemed to be waiting for a slow death.
After the board meeting, Owen Jacobs took the initiative to find Harry Potter, hoping to resign from the position of president and CEO of the company.
"Why is that?" Harry Potter asked in surprise.
"The crisis that the company encountered this time is my fault!" Owen Jacobs sighed. "This time, the CDMA experiment failed under my leadership. I should take the blame and resign. However, Mr. Chairman, I still firmly believe that CDMA is still the unwavering development direction of Qualcomm in the future. Although we failed this time, we must never give up. We must go on unswervingly. Sooner or later, we will succeed! "
"It's a pity that I have to lead everyone now!"
"Mr. President!" Harry Potter smiled slightly, then handed the manual resignation letter back to Owen Jacobs. "You are the best president of the company. I never meant to replace you. Otherwise, without Qualcomm, we would really be a headless fly."
"Thank you, Chairman!" Owen Jacobs showed a grateful look, then asked tentatively, "Then the direction of the company's development …"
"Since hundreds of millions of dollars of research funds have been invested in CDMA, wouldn't it be a waste of all the previous efforts if we change the direction now? And I heard that the experiment was not a complete failure. The communication is still established, but it is not stable enough. So I suggest that the company refurbish the equipment and restart the experiment! "
"Restart the experiment!" Owen Jacobs' face was red at first, but soon he smiled bitterly. "Mr. President, in fact, the whole world has been occupied by the second-generation communication protocols of other companies. Europe, North America, and Fusang all have their own set of communication protocols. Now, only some countries in Asia have not been occupied."
"Originally, we planned to use Hong Kong as the most important experimental and promotional base, but after the last failure, Hong Kong has refused to continue the experiment with us. Some other small countries do not have the conditions to carry out the experiment at all. Where can we go to carry out the experiment?"
Owen Jacobs said with a sigh.
"Mr. President, I am very curious about one thing!" Harry Potter gently tapped the table and said, "There is a country with the largest population in the world, but there is nothing on the land. Why do you turn a blind eye to it?"
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