Chapter 287 Long Arm Jurisdiction 2.0
"Has He Guoyuan agreed to sell ATi?"
Upon hearing this, all the grievances and complaints in his mind were thrown away by David.
Cursing is cursing, hate is hating, if you really quit, it's impossible!
Roland grew up under David's watch. David knows better than anyone else how much ink he has in his stomach. If he really doesn't care, then this guy who hasn't even finished primary school will probably be played around by capitalists. .
"No, He Guoyuan once again rejected our tender offer."
Facing David's inquiry, the secretary shook his head, put the documents in his hand in front of David, and said: "ATi's chairman, He Guoyuan, said that ATi is currently in good condition and has no intention of selling it for the time being."
"He also specifically stated that this is not only his intention, but also the intention of all shareholders. Let us not continue to quote, because the price is too low, shareholders will not accept it, and the price is too high, and we are not willing."
Such words made David, who was still looking forward to it, take a breath and nodded.
Opening the document and glanced at it, the language on the ATi fax letter signed by He Guoyuan was unusually straightforward.
When Roland came back from the Berkshire Hathaway shareholder meeting and informed David that Blizzard Capital was trying to acquire ATi, David, the chairman and CEO, asked his subordinates to communicate with ATi and asked about the other party's Willingness to sell.
But unfortunately, the first time I asked for a price, it ended in failure.
Although 3dfx is still the leader in the current graphics card market, ATi is far from reaching the point where it wants to sell its assets and announce its withdrawal. They feel that they still have the strength to fight, so they directly regard Blizzard Capital's tender offer as a joke.
All right…
In fact, even David himself felt that this invitation was purely mentally ill.
A company with no hardware business at all wants to acquire a hardware company, what is that?
Explore new markets?
Do not make jokes!
Even if a company develops new markets through acquisitions, they will only develop markets related to themselves.
For example, the media company engaged in the cable TV network merged with the Hollywood entertainment company.
For example, Oracle acquired SUN.
Only the market related to the company's main business is the best market to develop and the easiest market to build a moat.
Leaping development, rushing into an unfamiliar field will only make the company die miserably.
Blizzard Capital's current main business is entertainment.
In this case, the graphics card hardware related to game entertainment can indeed be called a related market, but the question is, is it useful to just make a graphics card? If you want to form a moat-style industrial chain, why not build your own computer and write the system?
If this is really the case, then we have to start with Intel, which makes CPUs, then motherboard manufacturer Asus, memory particle manufacturer Samsung, hard disk manufacturer Toshiba, and system co-supplier Microsoft...
This special one really wants to fart!
So ATi thinks something is wrong with Blizzard Capital, that's really normal.
After all, the two sides are simply at odds with each other!
Unfortunately, Roland has a firm attitude and said that this is a way to make money provided by Bill Gates.
Therefore, David, who also thought the acquisition was a bit funny, but was deeply interested in the channel provided by Bill Gates, sent another letter to ATi, and this time, it was directly a premium invitation.
Faced with the 120% price offered by Blizzard Capital, ATi still vetoed it.
After that, the stepwise increase of 130 and 144 every other month made ATi feel that Blizzard Capital was mentally ill.
And when Blizzard Capital quoted a purchase price of 15% for the fifth time, ATi finally couldn't bear it.
They don't want to continue wrangling on this boring game!
In this way, ATi will officially send a letter, saying that unless the premium is high enough, otherwise...
We will never sell!
To put it bluntly, this is actually a matter of money.
If Blizzard Capital offered a double premium, it would be impossible for ATi shareholders to refuse decisively.
But for David, the double premium is really out of his mind. One and a half times is already the highest price in his mind. If it goes up, it will really be a winner.
Of course, if he told Roland such a result directly, he believed that Roland would be disappointed.
So, at the same time as the fifth quotation, he also asked his secretary to collect the information of ATi's hardliners who opposed the acquisition, and the first to bear the brunt was the company's founder, He Guoyuan.
"What's the situation with He Guoyuan?" David threw the documents in his hand on the table and asked the secretary for specific matters.
"Didn't he say why he didn't sell it?"
"Our lack of hardware business is not an excuse for their rejection, because after acquiring them, how to promote the company's development is our business, and they don't need to worry about taking money to walk."
The collection of He Guoyuan's information was done after the third offer was rejected.
After more than two months of careful preparation, everything related to him has already been investigated by the company.
So when faced with David's inquiry, he spoke out the confirmed news like an endorsement.
"Actually, He Guoyuan's reluctance to sell ATi is a very understandable thing."
“Just as Steve Jobs regarded Apple as his son, He Guoyuan also regarded ATi as his own child.”
"He Guoyuan is from Huaxia. He grew up with his mother when he was young. It wasn't until junior high school that he was picked up by his father who was in the chemical business in Xiangjiang. At that time, the family was reunited."
"When I was 20 years old, I went to Taiwan to study in the Department of Electronic Engineering. After graduation, I worked as a supervisor at ControlData."
"Unfortunately, after only one year in his job, ControlData went bankrupt, so he looked for a new job, production, materials, quality... All industries related to the consumer electronics industry, he has been in contact with, until he joined Philips, he even more He took the position of vice president, and then in 1980, he was poached by Xiangjiang Wang Electronics as CEO."
“After working as a professional manager for three years, he felt hopeless and immigrated to Canada with his friends, and established ATi in Toronto. It can be said that the establishment of the company was the result of his careful consideration, not a whim.”
"Because of his rich experience in the industry, they developed very smoothly when developing ATi, but this smoothness was actually based on his endless work. According to the information we investigated, he said that he wanted to Retired at fifty, but his parents knew he would die in his own company."
“Whether it was the American market in the 1980s, the European market in 1993, or the Asia-Pacific market now, all of these business developments were done and discussed by him personally.”
"It's an exaggeration. Without him, ATi would definitely not be what it is now."
"In this case, unless the purchase price doubles or triples, otherwise..."
"He can silence most shareholders to sell..."
"Is that so?" Roland in New York nodded and said, "I see, let's do this first..."
"Give up?" David asked on the other end of the phone.
"Give up." Roland said: "ATi's market value is about 2 billion, if it is doubled, it will be 4 billion. I don't want to throw all the money earned by Yahoo into it..."
"Then shall we quote to other graphics card manufacturers, or..."
"Forget it, apart from ATi, the only potential graphics card manufacturer on the market is Nvidia, and Huang Renxun will not choose to sell his son. What's more, we spend so much money on it, it is better to privatize Apple directly. It's over!"
ATi didn't sell it, that was really within Roland's expectation.
He is not the son of destiny, and when the tiger's body shakes, others will fall down and worship.
No entrepreneur wants the company he worked so hard to create to be acquired by others. If it is digested by a giant, that is okay, but if it is swallowed by an unknown investment company, it is basically a waste of years of hard work.
Not to mention, ATi is still the leader in the civilian graphics card field!
My crested head is comfortable in front of me, but you want to buy me?
Dream it!
However, it is not up to He Guoyuan to decide whether ATi will be sold or not.
Because in Roland's memory, ATi was not willing to sell himself in a massage shop or a toothpaste factory in his previous life, and then...
He Guoyuan is GG.
After Nvidia cheated Microsoft, the angry Microsoft lost the business order of XBox graphics card to ATi, so ATi instantly became the leader in the industry. Toothpaste factories and massage shops, wishing to be eliminated by the times, asked ATi for a price and wanted to acquire ATi.
Faced with the invitation of two big shots, ATi refused without thinking.
He Guoyuan didn't want to sell ATi, he thought he could lead ATi to break through in the field of graphics cards.
Then-
He Guoyuan, who was strong and strong, was sanctioned.
After rejecting the acquisition for half a year, the Ontario Securities Commission (OSC) in Canada summoned He Guoyuan and his wife because he was accused by ATi employees of being suspected of insider trading.
The most amazing thing is that OSC's investigation results are that He Guoyuan and his wife sold their ATi shares on a large scale when the Internet bubble burst, avoiding a loss of nearly 5 million...
This result seems to be a bluff!
The Internet bubble has come, and people all over the world know that the stock prices of Internet-related companies will fall. In this case, He Guoyuan and his wife sold part of their shares to avoid losses. Is this a problem?
Isn’t this human nature?
Besides, they didn't sell illegally!
Instead, in accordance with the legal requirements, the method of first disclosing and then selling is taken!
Why is this called insider trading?
But the OSC believed the findings of the investigation, and then continued to summon He Guoyuan.
Immediately afterwards, He Guoyuan, who was unable to work normally, was forced to give up the position of CEO. After he resigned as CEO, the new guy flirted with toothpaste factories and massage shops. After being summoned by the manager and the chief defense lawyer one by one, "the difficulty of concealing the sales targets of Q1 and Q2 in the 2000-year financial report" became the last straw that broke the camel's back. After constant bidding—
ended up marrying a massage parlor.
The most important thing is that after ATi betrayed himself, OSC stopped the investigation of He Guoyuan on the grounds of insufficient evidence!
According to the perspective of the beginning of the millennium, He Guoyuan in people's eyes is really a piece of garbage!
OSC's cessation of investigation, that is the greatest kindness!
But if you look at it from the perspective of more than ten years later—
Isn’t Canada the thug of America?
If we can't solve the problem, we will solve the person who creates the problem!
The routine of long-arm jurisdiction is very slippery played by toothpaste factories and massage shops, and ATi?
If you want to blame, you can only blame you for not being an American company!
Talking about human relations with the capital is a mental illness, and the development and growth of the American company, many of which are sucked out of blood, so ATi will not be sold for the time being, and Roland doesn't care.
Because it's too early to get rid of Yahoo!
After all the Yahoo shares are sold out, he will stare at ATi. The massage shop and the toothpaste factory have pointed out the direction for him.
As for the securities commission in Ontario, Canada, what should we do?
Isn't there James Cameron?
As a native Canadian, he is the pride of Ontario!
The film and television base was built there, and his deep-sea exploration plan was launched with the help of Ontario Province!
This guy owes him ten million now, and after—
He will only owe more and more.
Roland doesn't charge him interest. In this case, it's okay to help out the Ontario Securities Commission, right?
Since ATi can't buy it for the time being, David, who has been busy for almost a year, can finally give himself a beautiful vacation.
Throw all three cubs to the nanny, then take his wife and go on vacation.
First up is Nevada.
Roland gave David the plan to build a zoo, and after careful selection, David chose Nevada, which is the closest to California, as the construction site, and bought 7,400 acres of land here.
The cost is less than 20 million.
Because it is a livestock and irrigated agricultural area, the land here is very cheap, and the land acquired under the banner of entering the livestock industry can still enjoy subsidies. As for why we build an aquarium in the process of raising cattle, sheep and horses? A Lion Paradise? A mountain of tigers? That's because we are afraid that cattle, sheep, and horses will be depressed when they grow up!
When the horses are free, you can go to the Lion Park to see the lions, go to the Tiger Mountain to listen to the roar of the tiger, and go to the Aquarium to see the penguins!
The diversity of species is for the better growth of creatures!
All right…
In fact, no one cares whether the private land is for grazing or building a zoo.
The ranch was built purely because the land was too large, and it would be too wasteful to build a zoo.
Wrapping a pasture, you can also get some subsidies.
Like Jeff Bezos raising cattle next to his Texas rocket launch site.
Its reputation is to keep animals vigilant and exercise fully, so that the meat can be delicious.
After a few laps in Nevada, the couple went to New Zealand.
Although "The Lord of the Rings" will not officially start shooting until next year, many scenes have already begun to be built.
Because it’s unclear exactly where Peter Jackson will be filming, so—
The land has been enclosed, but the resort has not yet been built.
However, this does not prevent the couple from having fun.
While galloping his horse, David waved his hand and said to Ganetti, "This is the country that Roland bought!"
Garnetti: "Hehe—"
After staying in New Zealand for a week, they then diverted to the UK.
Although Roland has repeatedly stated that Kate will let Kate choose a house by herself, in David's view, it is cost-effective to buy land and build it yourself!
It's permanent anyway!
Of course, David will not help Roland decide whether to buy or build.
Not to mention, as Kate's hometown, this matter may be handled by Kate herself.
And he came to England, purely to see where the free land is not bad, so that he can give Roland a reference when the time comes.
After looking at several plots one after another, David suddenly became emotional——
"Eh!"
"Obviously I came out for a vacation to relax, but I also finished handling the things at hand by the way!"
"How can there be such a good person as me in the world?"
"Um?!"
Note: ① He Guoyuan really regarded ATi as his own child. He started looking for a successor in 1994, but he was passed in the first two months. So-so. ②The massage shop bought ATi, which is actually a beautiful misunderstanding. Because of Microsoft, the relationship between ATi and the toothpaste factory is very good. Also because of Microsoft’s suppression, the nuclear bomb factory and the massage shop wear the same pants. AU’s best partner is the chipset of n’s company. , All toothpaste factories acquired ATi, and massage shops acquired Nvidia. The reason for this kind of marriage is purely because the idea of ??"universal computing" was too popular at that time. The CPU and GPU will be completely merged, and the floating-point calculation will be handed over to the GPU. Manufacturers without a full set of technologies will be eliminated. So both the toothpaste factory and the massage shop wanted to acquire a GPU company. However, when talking with Lao Huang in the massage shop, Lao Huang demanded that he must be the CEO of the new company, so the massage shop gave up, and the toothpaste factory found that ATi was unwilling to sell, so they set up long-arm jurisdiction and put He Guoyuan in charge. out. At the same time, when the massage shop found out that the business of the deadly rival was going to be completed, they could only die slowly, so they raised the purchase price and forcibly snatched ATi away. Then the toothpaste factory and the nuclear bomb factory were scared to death at that time, and the massage parlor felt that they were going to open up the world. As a result, within two years, no one mentioned "universal computing".
(end of this chapter)
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