Chapter 766: Reduction of Holdings (Two in One)

Although Fang Zhuo still showed partiality to Morningstar, Liang Gongwei and his group, who were originally going to return to Taiwan, changed their schedule and planned to continue to stay in Silicon Valley for some time.

Fang Zhuo had no problem with this. The attitude of Mr. Liang and others also largely determined the style of Morningstar. Both Yike and Bingxin needed hardworking partners, and a hard-working Morningstar would be good for everyone.

However, the emergence of MediaTek, a competitor that made Morningstar worry, also made Fang Zhuo re-examine Morningstar and the IC design link.

All along, most of his attention in semiconductors has been focused on catching up with advanced processes. For three years, relying on policy support, help from friendly companies, favor from friends, and some means, and coincidentally with the mistakes made by the management of Taiwan Records after the change, it finally became decent and began to try to catch up across generations.

The development of the mobile phone project has further revealed the value of IC design in the industrial chain. It can make products more competitive, not just a solution integrator.

For entry-level products, MediaTek is an option, and Morningstar is an option. When they are optimistic about the opportunities of the new system, they also express their expectations for higher positioning. This is obviously a foreseeable development path.

Considering the current time node, Fang Zhuo feels that he will soon have the opportunity to try to recruit a group of first-class design talents. He can cooperate with Morningstar in the form of a joint subsidiary for this period of time, and strengthen the acquisition in the future.

On June 23, near dusk, Fang Zhuo finished listening to reports again after frequent meetings in the past few days, and considered meeting Sony's head Stringer again in the near future to finally implement the cooperation on image sensors.

Dong Dong Dong.

The office that had just quieted down was knocked on the door again.

"Brother Wang, why are you in a hurry? Sit down."

Fang Zhuo saw Wang Yan's face when he walked in, which was a little strange.

From Houston to Silicon Valley, Sina's executives almost ended their vacation and changed from Facebook experiencers to high-tech company inspectors.

"I received the news from China. China received a call from New York, notifying a reduction plan from MIGA Fund, which will reduce its holdings by about 5% in the next few months." Wang Yan did not sit down, and reported the latest news to the chairman in a roundabout way. In fact, the source was right in front of him.

MIGA Fund and Yike Investment both have seats on Sina's board of directors. The former holds 9.6% of the shares and the latter holds 15%. Both companies undoubtedly implement Mr. Fang's will.

"Oh, this matter is a financial judgment of MIGA Fund, which will not affect Sina's situation." Fang Zhuo reached out again, poured another cup of tea, and said kindly.

Wang Yan frowned. MIGA Fund had reduced its holdings and bought before, but this time it sold 5% at once, which was really shocking.

He still sat down and said tactfully: "Mr. Fang, our Sina's recent performance is quite good. If nothing unexpected happens, the stock price will rise in the second quarter thanks to the new highs of World of Warcraft and advertising revenue."

"It is the overall environmental judgment made by the fund." Fang Zhuo pondered for a moment, "I approve it, and it has nothing to do with Sina's performance."

Wang Yan couldn't help asking: "Is it related to Sina's positioning?"

Fang Zhuo smiled and said: "What positioning?"

"The positioning of closeness to Mr. Fang." Wang Yan gave an unprofessional statement at this time, complaining, "Mr. Fang, e-commerce is not allowed to be done, and social media is invested in social media. In a blink of an eye, you, the major shareholder, have to pack up and leave. This..."

MIGA Fund is not only a foreign fund for Sina, but also represents the actions of the major shareholder.

There is no doubt that the reduction of holdings by Mr. Fang, the major shareholder, has a negative impact on the market and a negative impact on the stock price.

Although Mr. Fang is still the major shareholder after the reduction, but...

Wang Yan did not go to Mr. Fang immediately after receiving the call, but after some thinking, he still couldn't guess what Mr. Fang was thinking.

Such a reduction in holdings would not be just the beginning, right?

Will Sina usher in greater changes?

Could it be that Mr. Fang has also lost confidence in domestic portal websites?

A godson is a godson...

Wang Yan drank a sip of tea and sighed slightly.

Fang Zhuo saw Mr. Wang's mood, thought about it, and changed his way of comforting, saying: "Don't talk about Sina, Yi Ke also has a plan to reduce holdings now."

Wang Yan suddenly looked up, his eyes were a little strange, what? Now even Yi Ke is not considered a biological son?

Fang Zhuo spread his hands: "Look, I didn't lie to you, it's a financial judgment, a judgment of the overall economic environment."

Wang Yan now began to think again about the reason given by Mr. Fang at the beginning. If even Yi Ke began to reduce holdings, this judgment would be quite real.

The phone on the table rang.

Fang Zhuo glanced at the incoming call. It was from the person in charge of the Anliang Chamber of Commerce.

He chatted for a few words after answering the call. After hanging up, he said to Mr. Wang: "Another person who called me about fund operations. Brother Wang, I don't have any other ideas about Sina. I still have to watch the Olympics on Sina. Don't worry about it. Now just look at the development of Facebook."

Fb is currently transforming from college + high school to universal social networking, which is also the focus of Sina executives.

Wang Yan nodded slowly and reported a few words: "FB has made a change in the information flow for the sake of social networking for all people. It seems to be quite effective now. Moreover, it still firmly insists on allowing users to register with their real names. I’m afraid it won’t be easy to implement in China.”

Fang Zhuo nodded, agreeing with this judgment.

Wang Yan added: "But if there is no real-name system or real names, how can domestic school networks continue to attract users?"

Fang Zhuo smiled and said: "This is a good question. I am more curious about how Penguin will solve this problem."

At this moment, Wang Yan's mind suddenly came up with the words he had just heard - financial judgment. How financial is the investment in the school network?

The two chatted a little more about social networks and discussed the issue of user tonality.

"Mr. Fang, it's almost dinner time. Can I treat you to steak tonight?" Wang Yan stood up.

Fang Zhuo pointed to the screen of his laptop and declined: "There is also a video conference. Don't think too much about Sina's reduction. We are going to visit Facebook's Zuckerberg this weekend. I have made an appointment with him here."

Wang Yan did not insist, and was somewhat relieved after communicating with Mr. Fang.

He never wants to see Sina return to the situation of dispersed equity.

At seven o'clock in the evening, the video on the laptop was connected, and Su Wei was on the other end.

Fang Zhuo looked through the domestic white-brand mobile phone market research report sent by MediaTek and drank tea while patiently waiting for Mr. Su's call to end.

The wait lasted another half hour.

"Tokyo's cosmetics brands are hard to deal with, aren't they?" Fang Zhuo asked with a smile as he changed his cup of coffee and saw the call ended on his computer.

Su Wei waited for the end of the Taobao 6.18 event in China before leading Tesco to Tokyo to negotiate cooperation with cosmetics brands.

She shook her head angrily: "The brands in Japan are very stubborn. The first-tier brands strictly control their channels and don't think e-commerce can help them much. The second-tier brands are also hesitant, but the small brands are more active."

Fang Zhuo understood: "First-line brands have no shortage of sales. The most valuable thing for e-commerce now is growth. Even if we want to cooperate, it is not too late to wait until e-commerce grows to a certain share before we cooperate. Why bother to let you impact its offline sales now?" channel."

This was his judgment when he learned that Su Wei was going to discuss cooperation.

Offline channels are the world for well-known cosmetics brands.

Su Wei frowned and said, "I'm just thinking about how different the effects of different cosmetics are."

Fang Zhuo entered the blind spot of knowledge and shrugged: "Whether we support small and medium-sized foreign brands or not, the quality must be controlled. It can also be cultivated in this aspect."

If big brands are unwilling to cooperate, then manufacturing celebrity items and internet celebrity items will also allow Tesco to attract traffic from female users.

"Let's talk about it again. If it doesn't work, use Korean brands to stimulate the situation. If you can leverage it, it's better." Su Wei also had some negotiation strategies that she didn't use.

Fang Zhuo laughed dumbly, this might actually have a miraculous effect.

He asked a few more questions, flipped through the research report he had read twice, and talked about his situation.

Compared with Tesco's cooperation negotiations in Tokyo, the different performances of Google, Qualcomm, Morningstar, MediaTek and TI are much more exciting.

Fang Zhuo's eloquence was already good, and during the conversation, he would compare the situations of two or three of them from time to time, which made Su Wei sound even more fascinating.

After hearing this, she said in disbelief: "A new mobile phone system that has not yet been released is actually so favored?"

Fang Zhuo smiled, picked up the research report in his hand, showed it to the laptop camera, and said: "MediaTek sold 28.5 million chips in the mainland last year, and then we came up with this research."

"Aside from some market data, what else did you say?"

"MediaTek provides a complete solution to the majority of copycat phones. The mobile phone system it relies on is a real-time embedded OS - nucleus. The compiler is an old version of ARM's ADS. It cannot dynamically load applications and can only start from the beginning. Burning it in together with the kernel compilation is very mechanical.”

"It also compared the current mainstream systems and believed that there is currently a contradiction in which consumers' more and more mobile phone functional needs are not met."

"The current performance of Android system has the prospect of solving this contradiction."

"MediaTek's Cai Mingjie said that he is optimistic about Android, and it seems that he really didn't lie to me."

Su Wei didn't understand, but she was quite shocked, because she knew what kind of research sample tens of millions of sales could produce.

She talked about a detail of her mobile phone use: "I know that when I use Nokia's Symbian, sometimes I need to import a certificate signature for the next program. It's very troublesome, and sometimes the signature will expire."

"Symbian's signature requires money. The S60V3 it updated this year is not compatible with the previous version of the program." Fang Zhuo smiled slightly, "This is really troublesome. If it is not solved well, let Android help solve it."

Su Wei pondered for a moment and expressed her truest feelings sincerely: "It sounds like dark clouds are floating before a stormy meeting."

Fang Zhuo thought about this scene and thought he liked it quite a bit.

Su Wei turned to talk about the vitality of domestic Taobao activities, and finally ended the video by deliberately moving in front of the camera and pretending to sniff.

"What are you doing?" Fang Zhuo was puzzled.

"I'll smell if it smells like a supermodel." Su Wei said seriously.

"How is it possible? I am Xiang Weiwei with a red heart." Fang Zhuo also said seriously.

Su Wei smiled half-heartedly: "I have to take a closer look at this."

Fang Zhuo raised his palm: "Time reveals a person's true heart. You can definitely see my heart."

Su Wei wanted to quote a line from a movie, but she resisted the urge and ended the video call. After a few changes in her emotions, she quickly began to rethink the cooperation with the Tokyo cosmetics brand.

Fang Zhuo habitually finished reading the research report before having a simple dinner.

Today is destined to be a day to deal with the impact of fund actions.

It was not only Sina's Wang Yan who was frightened by the MIGA fund's actions. Fan Xiong of Anliang Chamber of Commerce flew to Silicon Valley to see Mr. Fang in a panic after receiving the fund's delivery notice.

Thanks to the profits brought by the MIGA series funds, the influence of Anliang Chamber of Commerce has expanded rapidly.

But Fan Xiong was not carried away, and he knew how much money could play a role in the current chamber of commerce.

Times have long changed.

He did not mean to question Mr. Fang this time, but just planned to report in detail the recent actions of the chamber of commerce.

Fang Zhuo was very patient and listened to Fan Xiong's detailed and even tedious report.

One of the more important things is that the Chamber of Commerce has made a lot of progress in the Netherlands in Europe, and many people in the Netherlands branch have their families in China.

After all the reports were completed, Fang Zhuo gave the same reason as Wang Yan: "This is a financial adjustment. The foundation believes that the economic situation will not be very good in the future, so the settlement will be made first to put the profits in the bag."

Fan Xiong thought hard and squeezed out a sentence: "Mr. Fang, does this mean that cash will be king in the future?"

Fang Zhuo was stunned and laughed: "Yes, yes, cash is king, this batch of profits will be delivered after that."

Fan Xiong is not like Wang Yan. He believes Mr. Fang's words of "financial adjustment" without a doubt. He continued to think hard and asked: "Can we invest back in China? It's not that they can't do anything, right? The main reason is that they can't save the money they have."

Fang Zhuo sighed: "If you continue to talk, you can come to the foundation as a manager."

Fan Xiong smiled, knowing that Mr. Fang was joking.

"Don't worry, with technical adjustments, everything will be fine again." Fang Zhuo felt that Fan Xiong's place was much easier, "You can really consider going back to China after a while."

Not to mention the families of the Dutch brothers, Lao Fan's son Xiao Fan is doing well in Yike. I heard that Xiao Fan has a girlfriend, how can this not be comforting.

Speaking of the Netherlands, because Liang Mengsong and Qiu Ciyun had a very exciting communication after meeting, Bingxin will soon place an order for lithography machines and other equipment from the Netherlands.

It is reported that ASML has a more advanced immersion lithography machine TWINSCAN XT:1900i, which will be a great boost to Bingxin's cross-generational development.