We are all reborn, who wants to be the richest man?
Chapter 452 Heading for Wall Street
1585 Broadway in Midtown Manhattan, also known as the Morgan Stanley Building, is the headquarters of the world-renowned bank Morgan Stanley.
This Wall Street giant has recently attracted the attention of investors across the United States, because in a few days, on March 3, this Wall Street giant will be listed.
If you look at the news in the United States over the past half month, you can see reports about Morgan Stanley every day. Everyone is optimistic about this giant bank.
Outsiders' optimism about Morgan Stanley's decision to break the partnership system and go public has not caused Morgan Stanley's internal staff to lose their minds. On the contrary, Morgan Stanley's top management is still a little worried.
"Have all the ADI shares been sold?"
Seeing the tired face of the new head Parker, assistant Drummond nodded and said, "We have completed the U-turn, from long to short, but the loss is inevitable, estimated to be around 8000 million US dollars.
The problem now is that we are about to go public, and if this matter is exposed, coupled with the investment in ADI, our market value will be hit."
If you lose money on your investment, you lose it, there is no reason for that.
The losses in the stock market are easy to deal with, but the key is the $2.4 million invested in ADI.
As an investment bank, if you suffer losses from your first large investment in the semiconductor industry, how can your clients trust you?
The impacts are multifaceted and huge, and the worst outcome is unacceptable to Morgan Stanley.
"Then cover this up with good news. I am going to agree to Luo Nianzhong's conditions and give him 8% of the shares."
"Impossible, the board of directors will not agree. Don't forget that his request is to join the board of directors. This is the key reason why this resolution cannot be passed."
Morgan Stanley shares? That has never been the main thing. In the next 40 years, how many institutions have become Morgan Stanley shareholders? The real controllers care about the control of Morgan Stanley.
Although the shareholders have the right to dismiss board members, even if Luo Nianzhong gets 8% of Morgan Stanley's shares, it will not have much effect in Morgan Stanley. Ultimately, the board of directors has the final say on the executors of this giant ship, Morgan Stanley.
Luo Nianzhong's request to enter the board of directors is to tear open a gap. You are united against the outside world, but there are also many factions inside.
As long as he has the right to vote, Luo Nianzhong believes that it will be useful sooner or later, and then it will be an exchange of interests.
It is easy to go from 1 to 100. The key is the step from 0 to 1. Once you cross it, although it is still 1, it is a world of difference.
“I am responsible for convincing the board of directors on this matter, and now we need to consider the benefits we will gain.
Morgan Stanley cannot afford to make any mistakes in this round of financing for Texas Instruments, and we also need this news to boost the stock price and image."
The root cause of all this is Texas Instruments. Unexpectedly, after going around in circles, it finally comes back to it.
……
Time goes back to five hours ago, when Hong Kong Island was already shrouded in sunset.
At the main venue of the New Territories Rebirth Stadium, the finale performance of the first day was held.
"I believe many people are familiar with DSP chips, but the third-generation DSP technology we bring today will still subvert the entire industry..."
DSP. Perhaps a few years ago many people only knew about this product and thought it had certain market potential, but it was the development of mobile phones that really pushed DSP to a new height.
Now, DSP chip will usher in his glory.
The market size of DSP chips in 1985 was US$23 billion, but this size is bound to grow explosively.
A report from Far Eastern Bank points out that the annual growth rate of the global DSP market size will not be less than 40%, and this growth period will not be less than 20 years.
The forecast by Far Eastern Bank can be said to be very bold. However, even some conservative institutions on Wall Street are very optimistic about the DSP market. The lowest one has given a scale of tens of billions of US dollars and an annual growth rate of no less than 20%.
Don’t forget that 2G currently covers only a dozen major cities in the world. If it is promoted globally, how many mobile phones will be needed and how much the market size of DSP chips will increase.
2G mobile phones are very expensive and are called toys for rich people by the media. But don’t forget Moore’s Law and don’t forget that technology is advancing.
When Han Tang Mobile released its first mobile phone in 1982, the price was $3999. Now, the price has been halved.
Some low-end mobile phone manufacturers have already sold their mobile phones for around US$1300, and they all make a profit this way.
Because of this, the stock prices of DSP manufacturers around the world have all risen, with Far East Chip naturally seeing the biggest increase.
There are many DSP manufacturers, and Texas Instruments is definitely the leader. Relying on the second-generation technology that was the first to achieve a breakthrough, Texas Instruments has occupied 60% of the market share. The major shareholder of Texas Instruments is Far East Chip.
Now Texas Instruments has brought out their third-generation technology, which can greatly reduce the latency and call noise of mobile phones. In this major DSP battlefield, it can be said that Texas Instruments' dominance is basically a foregone conclusion.
Because the gap between the third-generation technology and the second-generation is too huge, it is not something that can be ignored like the first and second generations.
The experience of very loud or relatively loud noise can be ignored, but compared with very loud noise and very little noise, anyone who is not deaf knows how to choose.
As for the deaf, what’s the use of mobile phones?
Why did Morgan Stanley invest heavily in ADI? Because they have made a breakthrough in technology and will soon be able to mass-produce the second-generation DSP chip.
Who would have thought that as soon as ADI saw the back of Texas Instruments, it would make a big jump to a higher-level track.
The market is sensitive and the effects are immediate, which resulted in the share prices of all DSP manufacturers falling to varying degrees as soon as the U.S. stock market opened, and even Bell was no exception.
In fact, Bell, a pioneer in the history of DSP development, does not have a large share in the DSP market, and this business accounts for an even smaller proportion of Bell's business.
But you don't have the final say in the stock market, and investors often cannot make choices according to your ideas.
It's not just Morgan Stanley that is feeling uncomfortable and conflicted; the Texas consortium is also feeling the same way.
"This is a hen that lays golden eggs, and we just gave it away."
"John, you are delusional. Even if I tell you that this is a hen that lays golden eggs, do you know the secret to make it lay eggs?"
In the Bailang family's villa, seeing his son's complaints, old Bailang was very dissatisfied.
It's not because John Brown is jealous, but because he is dissatisfied with his state of mind. Not showing one's emotions on one's face is a necessary condition to become a big man. Although it is not absolute, it certainly cannot be superficial like it is now.
“Without Texas Instruments, there’s ADI, and there’s Bell.
Now that we have seen the future, we must definitely hold the future in our own hands. This is their ability and we don't need to complain.
Moreover, from an economic perspective, we are the ones who are taking advantage of this opportunity. Don’t forget that the shares we have acquired are now worth more than $70 billion.”
Far East Chip acquired Texas Instruments using a combination of cash and stock. The Texas consortium now owns more than 15% of Far East Chip's shares.
Based on Far East Chip's current market value of over US$50 billion, this stock priced at US$8 billion will easily be sold.
"Keep an eye on Texas Instruments. If possible, we'll acquire a part of it, no matter how high the price is."
"Do you believe the report from the Far East Bank? Isn't it a little too unbelievable?"
No matter how high it can be, it is just using the report from Far Eastern Bank as a reference for Texas Instruments' stock price.
Now that Mr. Brown has said that it doesn’t matter how high the price is, it means that he agrees with the Far Eastern Bank’s bold prediction.
"Isn't he a man who is always creating miracles?" Old Bailang's face was full of smiles, and it was impossible to tell what he was thinking.
"I understand, but this time he's heading for Wall Street, so even if he can get shares, they won't be too many.
I guess those old guys on the East Coast are having a hard time right now."
Little Brown saw it clearly and knew that this time Texas Instruments' financing was aimed at Wall Street.
"It's okay, just do what you can."
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