I’m in Hollywood Chapter 867: Instability factors
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Three days after the wedding, more than ten executives of the Eric and Firefly systems started a three-day meeting in an empty barn on the farm. The theme of the meeting was not too formal, and Eric was only in the beginning. Give everyone a theme of "Digital Life in the Internet Era", let everyone prepare a related speech according to the field of their own management, and then everyone will impromptu discussion.
Cisco, AOL and Yahoo under the Firefly investment have formed a complete industrial chain in Internet technology. The layout of the future mobile Internet era based on companies such as Qualcomm, Sprint and Nokia has also been initially completed, as long as Firefly Investment These enterprises can perfectly achieve collaborative cooperation and maintain a strong market position in the corresponding field for a long time. Then, the future Firefly will control a huge and terrifying high-tech business empire. This business empire is destined to be as big as global. The economic landscape is so small that the way of life of ordinary people has many effects.
However, in the course of these three days, Eric also found unstable factors in the Firefly system.
May 24, this is the second day after the meeting. John · Chambers, Ian · Gnier and others rushed to the White House to attend the banquet at the invitation of Clinton on the wedding day. Eric and Chris did not go to join in this lively.
In a small pasture outside the farm, Eric and Chris leaned together on the fence outside the pasture and looked away.
Jeffrey is personally leading a pony to stroll on the pasture, Emma rides excitedly on his horse and waves his little hand, Joanna carefully guards the side, Emily and Virginia stand with two other little guys Chat nearby.
Looking at this warm scene quietly for a while, Eric patted the thick meeting record in his hand. This is the meeting content that Eric had several assistants record in real time in the previous three days. Among them, AOLCEOSteve · Case's speech on "Advantages of the Mediaization Development of Internet Enterprises" was the object of distress for Eric.
In the initial layout plan, AOL had to assume the role of Network Service Provider in the original "Information Industry Alliance" plan. The future development direction of AOL should also be towards comprehensive telecommunications operators such as AT-T. Eric even talked to Steve · Kes, hoping that AOL will be able to acquire Verizon or Sprint in the next few years. One of them, if possible, can also be expanded to cable operators.
Because it is clear that the Internet services such as web portal and online mail will boost the AOL share price in the next few years, Eric did not restrict the development of AOL in this area, and even spared no effort to provide a lot of technical support. At present, in terms of pure web portal and other online businesses, the market share of Yahoo focusing on this field has reached 70%, followed by AOL, with a market share of about 10%. Latecomers such as Microsoft shared the final 20%.
But perhaps due to the stimulus of the crazy development of the Internet concept in recent years, as can be seen from this speech of Steve · Keys, he is obviously more inclined to let AOL develop towards content providers, or even go to the original time and space. The "old road" of Time Warner was annexed, making AOL a comprehensive Internet media group.
Although there is a unified Hollywood mind, Eric does not want to see this happen at all. No one knows better than Eric. The prosperous Internet industry is just a big bubble. In memory, AOL can be said to be the company that has fallen the fastest after the Internet bubble burst because it deviated from the original Network Service Provider development trajectory.
More importantly, once AOL deviates from its established trajectory, Eric's elaborate industrial chain layout over the years will stop a terrifying 'fault'.
In the end, Eric first said: "According to the stock price before yesterday ’s close, the market value of AOL has exceeded 20billion USD, right?"
Chris nodded and said: "The stock price at the close of yesterday was 138USD, with a total market value of 20700 million. The number of shares we hold is 45 million shares, which is still 30%. Oh, should clover also absorb a lot?"
Eric thought about it and said, "There are probably more than 3 million shares over there."
"This is 32%, but although we are the largest shareholder, we do not have absolute control," Chris said. "According to the current market value of AOL, we ca n’t afford enough funds to pursue absolute control. . "
Eric also slightly smiled bitterly, but did not hold AOL tightly in his hands. This was a mistake.
When you first invested in AOL, many things were just starting. Eric did not have the ambition at present, but only invested with speculation, hoping that the other party would sell the stock arbitrage when the stock price rose sharply. The original decision also laid a hidden danger for the fight for control of AOL.
Right now, Internet-related businesses are clearly more popular with investors than relatively traditional telecommunications businesses. If Steve · Kes insists on developing the content business, even as AOL's largest shareholder, Eric does not dare to guarantee 100% that Steve · Kes can be ousted from the position of CEO.
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Three days after the wedding, more than a dozen executives of the Eric and Firefly systems started a three-day meeting in an empty barn on the farm. The theme of the meeting is not too formal, and Eric is just the initial Give everyone a theme of "Digital Life in the Internet Era", let everyone prepare a related speech according to the field of their own management, and then everyone will impromptu discussion.
Cisco, AOL and Yahoo of Firefly Investment have formed a complete industrial chain in Internet technology. The layout of the future mobile Internet era based on companies such as Qualcomm, Sprint and Nokia has also been initially completed, as long as these companies under Firefly Investment Perfectly achieve collaborative cooperation and maintain a strong market position in the corresponding field for a long time. Then, the future Firefly will control a huge and terrifying high-tech business empire, which is destined to be as large as global. To the ordinary people's lifestyle has all aspects of influence.
However, in the course of these three days, Eric also found unstable factors in the Firefly system.
May 24, this is the second day after the meeting. John · Chambers, Ian · Gnier and others all rushed to the White House for a banquet at the invitation of Clinton on the wedding day. Eric and Chris did not go to join in this lively.
In a small pasture outside the farm, Eric and Chris leaned together on the fence outside the pasture and looked not far away.
Jeffrey is personally leading a pony to stroll on the grass field, Emma is excited to ride on the horse and waving his little hand, Joanna is carefully guarding the side, Emily and Virginia are standing with two other little guys Chat nearby.
Looking at this warm scene quietly for a while, Eric just patted the thick meeting record in his hand. This is the content of the meeting recorded by several assistants in real time in the previous three days Eric, among which AOLCEOSteve · Case's speech on "Advantages of Mediaization Development of Internet Enterprises" was the object of distress for Eric.
In the initial layout plan, AOL had to assume the role of Network Service Provider in the original "Information Industry Alliance" plan. The future development direction of AOL should also be towards comprehensive telecommunications operators such as AT-T. Eric has even talked to Steve · Kies, hoping that AOL will be able to acquire Verizon or Sprint in the next few years. One of them, if possible, can also be expanded to cable operators.
Because of the clear bubble boosting effect of Internet services such as web portal and online mailboxes on the stock price of AOL in the next few years, Eric did not restrict the development of AOL in this area, and even spared no effort to provide a lot of technical support. At present, for pure web portal and other online businesses, the market share of Yahoo, which focuses on this field, has reached 70%, followed by AOL, with a market share of about 10%. Latecomers such as Microsoft and others who entered the market later shared the final 20%.
But perhaps due to the stimulus of the crazy development of the Internet concept in recent years, as can be seen from this speech by Steve · Keys, he is obviously more inclined to let AOL develop towards content providers, or even go to the original time and space. The ‘old road’ of the annexation of Time Warner made AOL a comprehensive Internet media group.
Although there is a unified Hollywood mind, Eric does not want to see this happen at all. No one knows better than Eric. The prosperous Internet industry is just a big bubble. In memory, AOL can be said to be the company that has fallen the fastest after the Internet bubble burst because it deviated from the original Network Service Provider development trajectory.
More importantly, once AOL deviates from its established trajectory, Eric's carefully crafted industrial chain layout over the years will stop a terrible 'fault'.
In the end, Eric first said: "According to the stock price before yesterday ’s close, the market value of AOL has exceeded 20billion USD, right?"
Chris nodded and said: "The stock price at the close of yesterday was 138USD and the total market value was 20700 million. The number of shares we hold is 45 million shares, which is still 30%. Oh, should the clover also absorb a lot?"
Eric thought about it and said, "There are probably more than 3 million shares over there."
"This is 32%. However, although we are the largest shareholder, we do not have absolute control," Chris said. "According to the current market value of AOL, we cannot afford enough funds to pursue absolute control. . "
Eric also slightly smiled bitterly. At first, he did not hold AOL tightly in his hands. This was a mistake.
When we first invested in AOL, many things were just getting started. Eric did not have the ambition at present, but only invested with speculative attitude, hoping that the other party would sell the stock arbitrage when the stock price rose sharply. The original decision also laid a hidden danger for the control of AOL.
Right now, Internet-related businesses are clearly more popular with investors than relatively traditional telecommunications businesses. If Steve · Kies insists on developing the content business, even as the largest shareholder of AOL, Eric does not dare to guarantee 100% that he can get Steve · Kies out of the CEO position.
But perhaps due to the stimulus of the crazy development of the Internet concept in recent years, as can be seen from this speech by Steve · Kies, he is obviously more inclined to let AOL develop towards the content provider, or even go to the original time and space. The "old road" of the annexation of Time Warner makes AOL a comprehensive Internet media group.
Although there is a unified Hollywood mind, Eric does not want to see this happen at all. No one knows better than Eric. The prosperous Internet industry is just a big bubble. In memory, AOL can be said to be the fastest falling company after the Internet bubble burst because it deviated from the original Network Service Provider development trajectory.
More importantly, once AOL deviates from the established trajectory, the Eric's elaborate industrial chain layout over the years will stop a terrifying 'fault'.
In the end, Eric first said: "According to the stock price before yesterday ’s close, the market value of AOL has exceeded 20billion USD, right?"
Chris nodded and said: "The stock price at the close of yesterday was 138USD, with a total market value of 20700 million. The number of shares we hold is 45 million shares, which is still 30%. Oh, should Clover also absorb a lot?"
Eric thought about it and said, "There are probably more than 3 million shares over there."
"This is 32%. However, although we are the largest shareholder, we do not have absolute control," Chris said. "According to the current market value of AOL, we ca n’t afford enough funds to pursue absolute control. . "
Eric also slightly smiled bitterly. At first, AOL was not held tightly in his hands. This was a mistake.
When we first invested in AOL, many things were just getting started. Eric did not have the ambition at present, but only invested with speculation, hoping that the other party would sell the stock arbitrage when the stock price rose sharply. The original decision also laid a hidden danger for the fight for control of AOL.
Right now, Internet-related businesses are clearly more popular with investors than relatively traditional telecommunications businesses. If Steve · Kies insists on developing the content business, even as AOL's largest shareholder, Eric does not dare to guarantee 100% that Steve · Kies can be ousted from the CEO position. (To be continued.)