Chapter 870 Clear Moon and Gentle Breeze

Qimonda is in bad shape.

This is just a reflection of the bad situation in 2008.

Last year's subprime debt crisis had a great impact. Not only did the Federal Reserve frequently inject funds into the financial system to rescue the market, but central banks in Europe, Japan and other parts of the world were also trying their best to avoid the spread of the crisis.

However, the crisis is still getting worse.

Just after Fang Zhuo met Luo Jianhua, bad news struck again.

Citibank announced that it suffered a huge loss of US$9.83 billion in the fourth quarter of last year and will raise US$12.5 billion through public offerings and private placements.

Merrill Lynch announced a loss of US$9.8 billion in the fourth quarter of last year, suffering huge losses for two consecutive quarters.

The financial reports of the two giants greatly exceeded market expectations. Affected by this - the Dow Jones Industrial Average plummeted 306.95, the largest single-day decline this year, and the S&P fell 2.91% to close at 1333.25, a new low in the past year. , the Nasdaq also fell close to 2%.

The market sentiment is pessimistic. Authoritative rating agencies such as Moody's Investments and Standard & Poor's have announced that they will consider re-rating the current "AAA" bond insurers. Such news is tantamount to draining the bottom of the pot for financial institutions.

Under such a huge impact, Fang Zhuo originally thought that his small blow to Lehman was just a formality, so that everyone could end up relatively decent.

Unexpectedly, when he accidentally photographed documents while sharing his daily life on the social media platform Facebook, showing that he held a short position of US$160 million in Lehman, the fragile stock price of Lehman that was struggling to maintain suddenly collapsed. 37 US dollars broke the round mark again without any suspense, closing at 28 US dollars.

The most important thing is that the head of Lehman has just reluctantly negotiated a financing agreement, hoping to relieve the financial dilemma and revitalize part of Lehman's commercial real estate.

As a result, the financing fell through again due to Lehman's rapidly falling share price.

Fuld received the news one after another, and he was stunned for a while before he angrily called the instigator Fang Zhuo, but his words were still tough: "Fang Zhuo, just wait for the lawyer's letter! Also, you are using the Internet like this Wait for the misleading information from the SEC!”

SEC is the United States Securities and Exchange Commission.

Fang Zhuo has been relatively immune to anger recently. Putting the basic situation here, Fuld's anger is not even comparable to that of the three-star prince that day. Lee Jae-yong still has a chance to beat himself in person. What does Fuld have?

"Pooh!"

Fang Zhuo was not afraid of this weak threat at all.

However, the next day, news really leaked out from the SEC. The SEC was paying attention to the stock price changes caused by Fangzhuo's social media, and would consider whether it involved insider trading and whether it harmed the rights and interests of ordinary investors.

"Information leaked out", "may be", "censorship", such vague words and attitudes did not make Fang Zhuo listen to the wind and rain. The SEC does have great power, but when it comes to such things, it does not have that much power over a rich man. Strong deterrence.

At night, Fang Zhuo directly posted photos of a group of smiling lawyers and file information that he had deleted earlier.

"I received a call from Fuld, and I was very surprised. He accused me of putting out misleading information. Now, I need to clarify that I do hold a short position of $160 million. I hope Fuld did not read it wrong. ”

Immediately, Fang Zhuo complained: "But I don't even hold the largest short position. Fuld and Lehman are the ones who should reflect. They must understand in time that their actions are really hurting ordinary investors." "

He wasn't lying. He wasn't the only one shorting Lehman.

Not just a Wall Street giant like Lehman, there are many people fishing in troubled waters in the entire volatile financial market, digging for benefits and chasing profits.

As the U.S. stock market was closed for two days, there was no immediate response.

However, comments on Fangzhuo's social media are very active, including some online financial channels that have begun to discuss Lehman's situation again.

Before the scheduled media interviews and interactions could be conducted, Fuld had to make a careful call to Mr. Fang after careful consideration. He even quoted an oriental saying from this season.

"Why do you need to shout and kill when you are celebrating the New Year?"

"Lehman is close to reaching the credit financing, which will divest some of the non-performing businesses in commercial real estate and will gradually improve the current situation."

Fuld spoke earnestly and talked about practical benefits.

Fang Zhuo feels that he should be investigated by the SEC.

If you are celebrating the New Year, don’t hit the smiling person with your hand.

This time he didn't yell at the other party. After listening for a while, he hung up the phone without expressing his opinion.

Fuld didn't know what emotion this represented. He thought about it, but he still thought that Mr. Fang might still have some good oriental virtues in his heart. So, he took the document and went to the door in person to plead guilty.

Lehman has been looking for money from last year to this year. Fuld’s so-called financing information is not really implemented, but it is easy to cause a chain reaction.

In front of Fang Zhuo, he stated conclusively that Lehman would soon see improvements.

Fang Zhuo once again faced a negative plea and gave in softly.

Not easy, not easy at all.

Fuld was almost in tears, so why bother pushing him?

He even showed off his newly purchased Mars mobile phone.

This is also a customer of Yike.

"I have no hostility towards Lehman, but objectively speaking, you have messed up everything." Fang Zhuo softened his attitude, "The financial market is not good, and my funds have become cautious. Short selling is not a method I like to use."

Fold believed it, and had to believe it.

In fact, Mr. Fang was not wrong. It was Lehman who messed up.

Now all these compromises are the price that must be paid.

"Since Lehman is trying to improve..." Fang Zhuo pondered.

Fold has been used to being humble recently, and immediately said sincerely: "Lehman has not shorted Yike for a long time. That was a pure misunderstanding. I like Yike's Mars very much. It is the best touch-screen smartphone on the planet. I think it is better than Nokia."

Fang Zhuo nodded slowly and stretched out his right hand: "I am very happy to see Lehman's efforts to stabilize the US market."

Fold stretched out his hands: "On behalf of Lehman, I thank Mr. Fang for his understanding."

Fang Zhuo understood, not only understood, but also took a selfie of the two of them in the office with his mobile phone.

The release of this photo also represents the reconciliation between him and Lehman.

Fang Zhuo wrote on social media: From now on, let everything get better.

Fuld followed up with a comment: Yike's great products are inspiring me to move forward. There is a lot of room for cooperation between Lehman and Yike. Mr. Fang and I are also friends who often have different opinions.

No one would believe that friends would hold short positions like that, but Fuld's obvious low profile has a certain symbolic significance.

This alone is not enough. Fang Zhuo did not turn down the media interview. He also talked about the success of Mars, the future development of the mobile phone industry, and also responded positively to the matter between him and Lehman.

"It's all over."

"Fold is a good man."

"I have no ill will towards Lehman."

"I believe that the financial market will usher in stability."

"It's over" "Good man" "No ill will" "Use stability".

Fang Zhuo naturally revealed his main energy as an entrepreneur: "Lehman's affairs will not bother me. I have noticed the new plans of many mobile phone manufacturers, which is what I pay most attention to."

"I am a person who likes challenges. This year will be a year full of competition and changes."

"I am looking forward to the changes made by Nokia, Samsung, Apple, Sony Ericsson and other friendly companies because of Mars, and I also hope that Mars can get healthy competition."

Accompanied by Fang Zhuo's remarks, he boarded the flight back to China.

Also with his return to China, Apple first gave healthy competition and formally appealed to Yike for the invalidation of three touch screen patents.

I worked overtime and came back late. I will start my vacation tomorrow afternoon and can make up a chapter.