I’m in Hollywood Chapter 1074: Dragon’s wings
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"It is still a divergence in the company's development philosophy," Eric replied: "I hope AOL can adhere to its own Internet service provider's corporate positioning, but Steve wants AOL to become a comprehensive Internet media company."
"As far as I know," Jodie Miller looked down at the notebook and said: "At the beginning, as the largest shareholder of AOL, Firefly investment held up to 32.6% of AOL's shares, and all of them have votes. Common stock. Firefly has sufficient strength to oust Steve · Kies. Why didn't you insist on doing so just because of the threat of collective resignation of Steve · Kies and AOL's core management? "
Eric nodded and said, "Basically this is the case."
"So," Jodie · Miller looked at Eric, and the question became sharp again: "Don't you think that you are too weak in handling this matter?"
The tone of Eric shook his head indifferently: "This has nothing to do with toughness and weakness. It is the most foolish thing to be willing to act in the course of business management. I think I have made the most beneficial decision for myself. Firefly investment was originally 60 million USD to obtain AOL30% The shares, six years later, only sold 25% of the shares, and we recovered 10billion USD. The 200 times return rate, even the investment in Yahoo, is far from reaching this point. "
Although I have paid attention to the entire process of the Firefly investment transfer AOL stock event, I heard this data comparison from the Eric mouth at this time, Jodie Si · Miller still has a breathtaking feeling.
However, this emotion did not affect the next question. She looked at the watch without trace, and she quickly said: "Mr. Williams, AOL entered the Internet media industry with the advantages of the largest Internet service provider North America, do you Worried that this will threaten the market position of Yahoo? "
Eric shook his head and said: "In fact, I am more worried about AOL."
This answer is obviously far beyond the expectation of Jodie · Miller. She froze for a while before asking: "Why?"
Although 10billion USD has been cashed out, but still holds a lot of AOL shares, it is naturally impossible for Eric to analyze the reasons too thoroughly, affecting the AOL stock price, but only in a general way: "Because AOL is turning to a field that I am not at all good at. My personal investment philosophy Just let the right people do the right things. Over the years, Firefly has invested in a series of fast-growing companies that have proved the correctness of my persistence. "
Compared with Eric ’s answer to a series of questions just now, Jodie Si · Miller is keenly aware of Eric ’s reservation on this question. She asked: “So, are you not optimistic about the future of AOL?”
Eric shook his head gently: "It doesn't matter whether you look good or not, because I don't see the future of AOL."
"Does this mean that Firefly will continue to reduce its 7.6% holding of AOL stock in the future?"
Eric hesitated for a moment and said: "In order to have unnecessary disputes in the future, I must clarify that the entire Firefly system, the current shareholding ratio of AOL should be 10.7%. In addition to Firefly investment, we were one year ago , Through the clover fund of Firefly Group, has absorbed another 3.1% of AOL stock. However, according to the federal securities law, the shareholding ratio is less than 5%, and the relevant shareholders do not need the amount of shares held by their opponents to be publicized and reported. The purpose of this was that we wanted to strengthen the control of AOL at an appropriate time. Of course, it is no longer needed. Finally, regarding your question, my answer is yes, but the Firefly system does not I won't do this. "
Jodie Si · Miller recalled the data she had seen, and there was a clear expression of surprise on her face. She believed that after the release of this interview, AOL would be even more surprised.
According to the 7.6% shareholding ratio, Firefly should have been the seventh largest shareholder of AOL. Moreover, in the last equity transfer transaction, other shareholders of AOL will certainly make various restrictions on the remaining 7.6% of the Firefly investment. Firefly investment abandons the AOL Board of Directors seat, which is probably one of the relevant dark market conditions.
But if you count the 3.1% free ownership that is completely free of AOL, the entire Firefly system will once again become one of the top five shareholders of AOL. Moreover, as long as they are willing, the Firefly system still has sufficient strength to intervene in the management of AOL at any time.
After digesting the information I just received, Jodie · Miller quickly replied: "Mr. Williams, according to your statement, can I think that you are still very optimistic about Internet service provider business?"
"Of course, this is the cornerstone of the development of the entire Internet industry. People using the Internet may be interested in web portal, e-commerce, or instant messaging, but they must first do, It must be connected to the Internet first. "
"MSN under Microsoft has already begun to expand its business in this area. So, will Yahoo have the same plan in the future?"
"This is back to my investment philosophy just now. I will not let Ian do things that they are not good at. Yahoo will always focus on Internet media business. Of course, at the right time, Firefly investment will do so. , Just like the shareholding in AOL. "
Jodie Si · Miller asked: "When is the appropriate time for you to say?"
Eric shook his head seriously: "We have no plans for this at the moment, because this time, we will be more cautious."
Jodie · Miller did not see any flaws in the expression of Eric, so he turned to the topic of Yahoo again: "Mr. Williams, Yahoo is currently involved in almost all the Internet business models that have appeared, web portal, instant messaging, email, search Engines, social blogs, etc., what is your favorite business? "
Eric has a more serious expression and a firm tone, saying: "Of course it is web portal. The user accessing the Internet is only equivalent to building a road to this virtual world, but if you want to enjoy the cyberspace, you ca n’t do it The help of web portal. Moreover, in my opinion, a series of network services such as e-mail, search engine, and social blog are all supplements and continuations of web portal. They are actually one. "
Jodie Si · Miller nodded slightly, but immediately said: "However, Mr. Williams, we are not difficult to find, web portal's operating model is very easy to copy, how do you view this problem?"
Eric smiled confidently and said, "Many outstanding engineers are capable of assembling a propeller plane in their garage, but the Federation has only one Boeing Group."
This simple but convincing analogy clearly made Jodie · Miller very agree. She glanced at the watch again and found that she had little time, so she glanced at the notepad in her hand and began to speed up questions. speed.
In a smooth answer, the study door was suddenly tapped a few times. Meyer pushed the door open and whispered lightly: "Mr. Williams, time is almost up."
After the night of London, the female assistant started to take the iceberg girl route. Eric has always doubted whether a group of goblins had done something that made Meyer doubt his life that night, but he was not easy to ask.
Hearing the reminder, Eric got up and reached out to Jodie · Miller: "So, Ms. Miller, I am very happy to see you again."
Although some things are still unexplained, Jodie · Miller had to stand up and shake hands with Eric and said, "Me too, Mr. Williams, I look forward to seeing our next meeting."
......
Over the weekend, North America and major overseas media have been crazy about Yahoo's IPO miracle, and at the same time they have been fiercely discussing the trend of Yahoo's stock price next week. Almost all media and industry analysts believe that after experiencing the peak of the first day, the stock price of Yahoo will drop significantly in the new week.
Although the management of Yahoo has done a lot of work on the weekend for two days, it even announced some good news that has not been fully implemented in advance. However, even within the Firefly system, it is well prepared to meet the decline of Yahoo's stock price in the new week.
However, on Monday, when some Manager stocks who did n’t have time to pay attention to the new week ’s media movements sat in front of their computers, they were worried about whether they would sell their Yahoo stocks and other technology stocks. 30 points, the stock market opened, but Yahoo's stock trend did not appear in their imaginary situation, but began to rise strangely.
In just ten minutes, relative to last Friday ’s closing price of 72.56USD, the stock price of Yahoo rose by more than 3% to reach 74.73USD.
It is not difficult to imagine that if this rate of increase continues for just one day, the market value of Yahoo is likely to exceed 100billion USD.
The manager, which was blindfolded, sat in front of the computer for a while, waking up one after another, and started frantically looking for what happened?
So, when they turned on the TV or logged in to web portal, they found that the full screen was full of discussions around a name that everyone no longer knew.
Two economists on CNN were eloquently arguing about Eric Williams's optimistic stance on the Internet bubble.
The Yahoo portal homepage hangs a high-level review article on whether the federal government should relax the scale control of new technology companies.
The morning news of ABCTV Station broadcasts a special picture discussing the globalization of the Internet.
AOLCEOSteve · Keys tone anxiously refuted Eric Williams's remarks about AOL in the 《The New York Times》 interview in a telephone interview.
The spokesman of the Federal Ministry of Justice was tired of responding to the media ’s quotation of Eric Williams on whether ‘The Ministry of Justice is too harsh on Microsoft’.
And, the most important.
Eric Williams ’s sentence in the interview of 《The New York Times》 was quoted by various media in a few hours and made an exciting statement: “In a huge market with the highest quality user base of 1billion, what else is Impossible? "
In just one sentence, countless investors who are already full of worries and doubts about Internet technology stocks have renewed their confidence.
Since the rapid development of human society, almost all traditional industries have formed a very stable industrial pattern, and countless remaining wealth in the entire society is looking for new investment hot spots all the time.
At this time, a young man who has created a series of wealth miracles suddenly stood up and told everyone loudly: A huge market with 1 billion and even 1 billion consumer groups that is completely in need of development is in front of us. How can we not let this Countless capital blood boiling.
Inspired by 《The New York Times》's personal interview with Eric Williams and the media storm that followed, the Nasdaq index rose by another 35 percentage points throughout the day on Monday.
However, this is just the beginning.
In the following days, the media discussions surrounding the Eric personal interview did not cool down, but showed a growing trend, and even spread into a hot topic of global.
Eric's Internet bubble, new technology company regulation, Microsoft, AOL, web portal and other topics involved in the exclusive interview have all become the focus of fierce debate in the media.
Although I am very dissatisfied with the Eric ’s words about the arrogant guy in Bill and the fact that 《The New York Times》 actually published this sentence, the Microsoft, which has been burned for several years in the shadow of the Federal Ministry of Justice ’s antitrust investigation Decisively quoted Eric's point of view in the interview to fight back, claiming that the federal government is stifling a 'global corporate giant' and is harming the federal's 'fundamental interests'.
In the face of Microsoft ’s accusations and media controversies driven by this trend, the Minister of Justice Jenny T. Reynolds had to convene a press conference to explain in detail the specific reasons why the Ministry of Justice initiated the antitrust investigation of Microsoft.
At the same time, Jenny T. Renault also relied on his own way and based on the comments of Eric in the interview, asked Microsoft to abandon the extremely selfish closed market strategy and make more beneficial to the healthy development of the entire industry Open measures.
Clinton, who was still plagued by the impeachment case, was asked about the 《The New York Times》 interview at the White House press conference that week, and also published a series of comments. In summary, it ’s' Eric is right, Microsoft If it is not right, the White House will unswervingly support the new technology industry ', blah blah.
At the same time, when the stock price of Yahoo finally reached 79.68USD on the third trading day of Thanksgiving Week and the market value broke through the 100billion mark, the management of AOL and the major shareholders were saying for Eric, "I cannot see the future of AOL" Chicken flying dog jumping.
Although driven by the overall market trend, the stock price of AOL did not drop sharply anymore. In the face of the continuous volatility of AOL stock price, Morgan Stanley Chairman John · Mark holding a large number of AOL stocks had to call Eric in person, hoping that he could come forward Make some 'supplements' for the 《The New York Times》 interview with AOL. After all, the Firefly system also holds 10.7% of AOL shares. The stock price of AOL fell, and the Firefly system will also suffer heavy losses.
Overseas, reminded by the Eric interview article, many media in Europe and Asian countries also started to follow up. At the same time as they started hot discussions, countless overseas media began to strongly call on the government to strengthen its support for new technology companies in the country. And limit the invasion of North America Internet giants.
Under disturbing circumstances, things developed to the end. Every paragraph and every sentence of Eric in the interview has become a tangled goal for many people.
I do n’t know if I was asked by a guy. Intel ’s newly appointed company Chairman and CEO Craig Barrett specifically stated in an interview with CNN that the door classmates are very approachable in person, open-hearted and like Just kidding, definitely not the kind of arrogant person Eric Williams claims.
However, Craig Barrett did n’t explain it, but this explanation caused a counterproductive effect. I do n’t know why, ‘arrogant Bill’ quickly became a ridicule for many students in the doorway. This nickname eventually accompanied the doormen for many years and did not dissipate completely.
Even, somehow, some major airlines of North America did not know why they also participated.
Rock Sid · Martin Chairman said in an interview that there is a bitter complaint: the Federation not only has Boeing, but also Rock Sid · Martin.
A helicopter manufacturing company that has been neglected in the corner also weakly shows its sense of existence: Eric Williams's favorite VH-60 helicopter is made by us.
Over the years, although the accumulation of wealth has become greater and greater, Eric has also become more and more low-key to the public.
Most people's personal impression of Eric is big Director, super rich and lace news, but not many people have too deep and intuitive impression of the wealth and power of Eric.
But in this short week, as Eric Williams accepted the 《The New York Times》 interview, the world-class media discussion wave caused countless people to finally feel the horror social influence accumulated by Eric over the years.
Only an interview article, the trillion-dollar USD scale of the Nasdaq rose with it, mainstream media around the world began to discuss, the federal government departments were tired of responding, countless corporate giants responded to follow-up, new technology field Change.
This young man, who reached the top of the world ’s wealth at the age of 28, is like a dragon accustomed to keeping calm. When the other party **** his wings carelessly, the whole world begins to stir up.