I’m in Hollywood Chapter 611: High risk

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Before 1995, although Microsoft has shown its dominance in the operating system software market, its annual turnover is actually only more than 2 billion USD. The annual turnover of its main competitor Apple Inc. is also above 1 billion USD. In comparison, Microsoft does not have an absolute advantage. Windows 95 will not be released for more than a year. Although Microsoft is very optimistic about this brand new operating system, before the release, no one in the world except Eric can predict how Windows 95 will be destroyed.

At this time, in this small restaurant near the Harvard Business School library, the calmed Bill Gates knows that although Yahoo is only a little sheep with little resistance against the Microsoft at this time, but behind this sheep Standing a "monster" that was more fierce than the Microsoft at this time, the original tough posture of Bill Gates quickly converged, revealing the shrewd look often seen in business negotiations, saying: "Eric, I can consider you just The suggestion that Windows pre-installed IE Browser. "

"It will be Yahoo Browser soon, I think you must have known that I have just integrated three companies."

Bill Gates was a little dissatisfied with the sudden interruption of Eric, but still patiently said: "Well, Yahoo Browser, if Yahoo Browser wants to be Windows pre-installed software, it must be in the form of Windows permanent exclusive."

Although Eric knows the development trend of the operating system market in the next few years, the market share of the Microsoft window system is only 60% at present. macOS, Linux, Unix and even the original DOS are still in large quantities. He certainly cannot. Any clues were revealed ahead of time, and he shook his head: "This is not possible, and Windows can monopolize Yahoo Browser's latest technology in the short term to achieve user diversion. It is already the biggest concession I can make. If you follow your suggestions, unless Windows can completely dominate System market, otherwise Yahoo is equivalent to automatically giving up more than 40% of the operating system platform. This is obviously impossible. "

If you completely abandon other platforms at this time, it is equivalent to completely binding the Yahoo Browser software to Microsoft. If Microsoft suddenly flips its face, then Yahoo will be very passive. Microsoft's commercial credit in this area has never been so good.

Windows 95 has not been released. Even Bill Gates does not have the confidence to dominate the operating system market. Although he did not agree to Eric, he did not continue to refute, saying: "I will consider this matter. However, Microsoft cannot let a family have nothing to do with itself. The company's application is landing on the Windows platform. If Yahoo Browser wants to be the pre-installed software of Windows, Microsoft needs to get at least 40% of Yahoo shares. "

"Yahoo will choose IPO next year. If you sell 40% of the shares to Microsoft, you will become the largest shareholder of Yahoo, which is no different from selling Yahoo to Microsoft. Moreover, the offer price of Microsoft is far It was lower than my personal expectation. "Eric originally planned to directly refuse to transfer the shares, but with that in mind, he suddenly had a thought in his mind, so he decided to throw a good decoy to Bill Gates:" I can promise Microsoft to buy Yahoo30% at most Shares, but not now. It is a 30% share option after five years. After five years, Microsoft can decide whether to purchase a 30% stake in Yahoo according to the market value of Yahoo at that time, by any means such as cash or share swap. "

Bill Gates quickly calculated that he was very optimistic about Yahoo, but he did not believe that Yahoo could surpass Microsoft in five years. The internal value of Microsoft for Yahoo network company is estimated to be between 8 and 1 billion USD. Even the best estimate, the market value of Yahoo will be tenfold after five years. Microsoft only needs to buy about 30% of the shares for 3billion USD. In terms of Microsoft's market value increase of more than 30% per year at this time, the market value of Microsoft may rise to 800 to 100billion USD in five years. At that time, 3billion USD was nothing to Microsoft. After taking a 30% stake in Yahoo, Microsoft could become the largest shareholder of Yahoo as long as it was operated on the open market. After that, it would be easy to annex the entire Yahoo by malicious acquisition.

Eric has been quietly paying attention to the change in the expression of Bill Gates. Seeing the other party's expression gradually relaxed, maybe even thought of something good, and showing a smug smile, just knows gate classmates have fallen into the pit.

I think there is nothing wrong with my calculations. Bill Gates said: "Eric, I can consider this, in addition, Yahoo must open a part of the browser software patent license to Microsoft."

"If you insist, there is of course no problem," Eric seemed to speak very well and continued to ask: "also??"

"For the time being, these are the only ones. If you think of others, we can add them during formal negotiations."

"Okay," Eric said: "Since your conditions are finished, let me talk about mine. If we can reach cooperation, we can no longer consider details such as exclusive licensing fees, but, Yahoo guarantees that the Yahoo Browser version on the Windows platform will continue to lead other platforms, but Microsoft must also ensure that its own browser software cannot be launched within five years. "

Eric originally planned that some technical software of Yahoo was the first to rely on the Windows platform for R & D, so let Windows have the latest technology of Yahoo Browser. For Yahoo itself, there is no need to even make any layout adjustments, but it can be used as a ' Chips' in exchange for some benefits.

Bill Gates suddenly felt that Eric was still too tender. As long as Yahoo stepped into the capital market, Yahoo was almost in the pocket of Microsoft five years later. Moreover, five years, it is enough for Microsoft to thoroughly understand all the technical details of Yahoo Browser, and develop alternative technologies, even if things change, Microsoft can also drive Yahoo Browser out of the Windows platform without hesitation.

But as a shrewd businessman who is naturally cautious, Bill Gates still did not immediately agree. Although he did not think it was a big deal, he still planned to give these terms to the special strategic development department of Microsoft to study the pros and cons. So I continued to say ambiguously: "No problem, I can think about it."

Eric does n’t have as many calculations as Bill Gates, and it does n’t mind that Bill Gates words are full of words that can be considered. Anyway, both parties understand that before signing the contract in black and white, there is no law for any promise at this time. effect. Moreover, Eric is very clear. In the new century, browser software will be used more as a vassal service of Internet giants. Compared with the 1990s, the interface has been greatly weakened. not to mention. In the original space and time, even though Microsoft basically dominated the browser market in the early days and always occupied a large market share, its own network business was still suspended by companies such as Yahoo, Google, Amazon, and basically did not generate any profit. The original best MSN online service ended in closing.

The general cooperation intention was confirmed. The sky outside the window was completely dark, and the two parties did not mean to continue to stay in this small restaurant.

When I say goodbye, Bill Gates also hopes to visit Yahoo Headquarters next year. Eric will entertain John Chambers and Steve Case tomorrow. Of course, I do n’t want the door classmates to blend in. I feel free to find a reason to push it off two days later.

Watched the Gates couple leave in a luxury car, Eric walked a few steps towards the quiet lawn next to him, touched his pocket and pulled out a box of cigarettes, sat on the lawn at random after lighting, and casually looked at it occasionally in the dark Pedestrians passing by. There was still some curiosity in his heart. Both he and Bill Gates had exposed their identities, but did not cause any onlookers. This was contrary to his expectations.

Carolyn, who has been reluctant to leave with a small tail, sat down next to Eric. I originally wanted to remind Eric not to smoke on the campus, but watching Eric seems to be thinking about things seriously, it did n’t bother me. Looking at the Mars dangling in the hands of Eric, Carolyn was a little worried that Eric would throw cigarette butts everywhere, but then felt that if he waited for the litter, he would help him pick it up. I thought I could do something trivial for Eric. Her mood suddenly became a lot happier.

Eric will just recall the negotiations with Bill Gates. Although the two sides have initially reached some cooperation intentions, the specific contract terms will definitely be adjusted in the future negotiation process. This cooperation is the biggest risk. The 30% share option clause may be counted, which is also the biggest bait Eric has thrown to the door classmates. Of course, what Bill Gates can think of, Eric is certainly impossible. However, the layout of more than two years in advance, and the prophet advantage of the owner of the rebirth, if five years later take advantage of the Internet tide. The market value of Yahoo still cannot reach the point where Microsoft is prohibitive, then he simply sold Yahoo and continued to return to Hollywood consider as finished.

As for others, Eric did n’t care too much. Bill Gates, which started with software, still cares most about browser software at this time. The door students can also see that even if Yahoo Browser is completely free, it can still play a big role in the promotion of Windows. The promotion effect, so it is eager to want to come in person before Windows 95 is released, want to win Yahoo. The facts of the original time and space have proved that having the dominant position of browser software does not bring much advantage to Microsoft's Internet business.

In order to choose to cooperate with Microsoft, in addition to wanting to take advantage of Windows 95 to promote Yahoo Browser next year, Eric is mainly worried that Microsoft will rely on the market advantage of the Windows system to launch new browsers to manufacture different technical standards, hindering the Internet industry ’s Development, the original Internet Explorer and Netscape browsers of Microsoft use the same Mosaic kernel, and they have introduced various peripheral technical standards respectively, resulting in a series of website incompatibilities. If Microsoft now launches a new browser, a completely different webpage decoding kernel, then this incompatibility will be more serious. Eric does not want to compete with Microsoft for a multi-year technical standards war, which will only hurt both sides.

Carolyn ’s gaze flickered with the smoke in Eric ’s hand, but suddenly saw Eric turned his head, waved his cigarette that was about to burn out, and asked, “Do you want to try it too?”

Carolyn quickly shook his head: "No, I don't want it."

Eric smiled, got up and put out the cigarette butts in his hand, and threw them into the trash can on the side of the road, then said to Carolyn: "Which dormitory do you live in, shall I take you back?"

Carolyn's gaze flew into the trash can entrance with the cigarette butt, stunned. When he heard Eric, he turned his face and replied: "I don't have a dorm, I live in an apartment on the east side."

Following the guidance of Carolyn, Eric walked eastward and said, "How do you live outside, is it unsafe for you to be a girl?"

"No, not me alone, I live with my classmates and it is very close to the school."

Eric yelled and said nothing more.

The two walked forward for a while, and Carolyn found another topic, saying: "Eric, why do you promise to sell Yahoo30% equity to Microsoft, even after five years, it seems that the risk is also very high What about it? "

The market value of Yahoo once was close to 100 billion USD. Eric believes that after integrating a series of plans in the memory, as long as the Internet wave comes as scheduled, there is absolutely no problem in doubling the market value of this space-time Yahoo, even if only 200 billion The 30% stake is 60 billion USD, which is equivalent to 10% of the market value of the highest point of Microsoft in time and space. Microsoft must not be able to get 60 billion USD in cash. Eric remembers the turnover of Microsoft at the highest point of the Internet bubble in 1999. There is also only 19 billion USD. Will Bill Gates be willing to exchange 10% of the shares for Yahoo 30% of the shares at that time? It will also be difficult to determine. After all, 10% of the shares are For the company's Microsoft, it is equivalent to introducing a large shareholder to Microsoft, which will affect Bill Gates's control over Microsoft. Moreover, even if the transaction is successful, Eric will definitely not lose. Windows is after all an operating system platform that will soon achieve monopoly. As long as PC is not eliminated, Microsoft can continue to bring stable huge profits. As Bill Gates continues to reduce its holdings of Microsoft shares, Eric may also have one of Microsoft's largest individual shareholders, Dangdang.

Moreover, even if this time-space Microsoft did not encounter an antitrust investigation, according to the madness of the Internet bubble, the bubble will inevitably encounter the day when it bursts. After the bursting of the Internet bubble, as the stock price of Internet companies plummeted, Eric can still use the funds cashed during the bubble to easily complete the second Internet industry layout.

However, these are not things that can tell this nizi beside you. Eric just casually said: "The greater the risk, the greater the gain."

Carolyn used the information accumulated in her small brains, but only saw the risks. She didn't think Eric could gain anything from this transaction. However, imagining a series of miracles created by Eric in just a few years, Carolyn has no doubt about any views of Eric. She thinks that she can't think of it, it must be too stupid.

Walking all the way, looking at the red brick apartment building near the soldiers factory community, Carolyn became more and more uneasy. She knew that if she did n’t take the initiative to catch something, Eric would send her back, and she would definitely go back After disappearing from my life, I thought that I could only see him again from some newspapers and magazines. Carolyn felt a little panicked and took a few more steps. The girl finally found courage and held Eric and said, "Eric, you were here I said in the restaurant that I will be hired as your personal assistant. "(To be continued.)