novelslam Chapter 1370: Seeing the Big Picture from the Small (4k)
Chapter 1370: Seeing the Big Picture from the Small (4k)
Chapter 1370: Seeing the Big Picture from the Small (4k)
Snapped!
Qualcomm's acquisition of Avago was very straightforward!
Snapped!
Chen Fuyang's intention to seize power is also very straightforward!
Just when the media and the industry were still lamenting Qualcomm's determination to expand from Broadcom to Avago, Avago CEO Chen Fuyang had already stood up even more resolutely!
Could it be more resolute?
It's only one day...
No, it should be said that Qualcomm's senior vice president Chen Fuyang has challenged the leader for the throne. He has shown through his actions that he does not want to be a senior vice president at all, nor does he want to be the planned COO, but only wants to be the CEO!
Is it worthy?
"Chen Fuyang is not worthy of being Qualcomm's CEO, and the extraordinary shareholders' meeting is just a farce!"
"He doesn't even deserve to be called 'Little Fang Zhuo'. He has no business ethics and no moral bottom line. He simply brings shame to Mr. Fang!"
"How did Qualcomm treat him? They were willing to acquire Avago at a premium, hired him as a senior vice president with a high salary, and let him be responsible for more investment and mergers and acquisitions. Isn't Qualcomm's sincerity enough?"
“How did he repay Qualcomm?”
"If he didn't want to work at Qualcomm, Avago could have refused to accept the acquisition, or he could have refused to accept the position, but he has already accepted it, and provoking conflicts like this is both despicable and short-sighted!"
"It is impossible for a barbarian like Chen Fuyang to gain the support of the majority of Qualcomm shareholders. Qualcomm's shareholders cannot be so short-sighted!"
"Chen Fuyang's delusion of controlling Qualcomm is doomed to be a bubble that will burst at the slightest provocation."
The San Diego Union-Tribune, a local newspaper in the city where Qualcomm's headquarters is located, strongly criticized Chen Fuyang's malicious attempt to seize power. Although Avago is legally a part of Qualcomm and Chen Fuyang already holds a position in Qualcomm, this is nothing less than a malicious power grab that is no less than a hostile takeover.
In the final analysis, Chen Fuyang acted too quickly, and he showed up impatiently right after the acquisition was completed, which made it hard not to cause a backlash from public opinion.
After all, he had appeared with Jacob before and acted very docile.
Since this involves the changes in Qualcomm, China Media also followed up on the situation a little bit. Regarding the change from humble to arrogant, they found a very appropriate description - "This is what happened to Qualcomm when 'Wang Mang was humble and had not yet usurped the throne'."
Because CEO Jacob is still flying back, Qualcomm has not given a public response for the time being. Only some executives couldn't help but express sarcasm, and the time for the extraordinary general meeting of shareholders has not been determined.
Fang Zhuo called Chen Fuyang a day later and discussed the public opinion. He wondered whether the timing of the launch was worth discussing.
Chen Fuyang understood what he meant and attached great importance to Mr. Fang's opinion. He said sincerely, "Mr. Fang, I saw that when you acquired Sina, you also started very quickly after the preparations were completed."
Although it was no longer a hostile takeover, he had studied related cases when Avago maliciously acquired Qualcomm. The hostile takeover of Sina has been included in many business school textbooks. Chen Fuyang not only read it, but also conducted repeated research and gained a lot.
"Hmm..." Fang Zhuo didn't expect this person to suddenly bring up his past experiences. He murmured, "The situation is still different."
Chen Fuyang was a very diligent and studious person. After hearing this, he immediately asked this evil teacher and bad friend on the road to seizing power: "Mr. Fang, why do you teach me?"
Fang Zhuo felt something was wrong when he heard the respectful tone from the other party. He thought about it carefully and said, "Since it has already started, there is no need to worry about the time. Jacob has probably landed. You two will inevitably attack each other. No matter how good you are at Avago, you have never proven yourself at Qualcomm. Instead of proving your goodness, you might as well go after Jacob's badness."
You may not be very good, but Jacob must be very bad.
He took a breath and continued, "Even now, the situation of initiating an extraordinary shareholders' meeting was also due to Jacob's decision. If he hadn't insisted on acquiring Avago, how could you have seized power?"
As Chen Fuyang listened to these words, his eyes unconsciously fell on the documents he had just sorted out, which were all descriptions of Qualcomm's new business, trying to outline the company's future development.
Because he is competing for the CEO position and has to win the votes of shareholders, he plans to focus on discussing his plans before the shareholders' meeting.
However, it seems that Mr. Fang’s approach does sound more effective.
He understood what Mr. Fang meant. It was not to criticize everything, but to prioritize.
Chen Fuyang thought about it, and finally an idea emerged in his mind: Mr. Fang is very experienced and is worthy of being a veteran villain.
"It won't be too late for Qualcomm to confirm the time. However, I don't think we need to passively wait for the extraordinary shareholders' meeting. You are the senior vice president of the company. You can hold more small meetings and let the shareholders who are inclined towards you invite the shareholders from the opposite camp to listen to your ideas." When Fang Zhuo said this, some things from the past popped up in his mind unconsciously.
He waited for Chen Fuyang's response and continued, "Jacob's bad performance has been proven in the past, but we also need to talk about the fact that the new Qualcomm under his leadership will only be worse. The competitive environment was so good in the past, but it is now so bad. In the future, there will be Intel and Yike. In a more intense competitive environment, how can he be better?"
"Jacob took over the company from his father and stuck to the old ways. He only started trying capital operations this year. If Avago hadn't made acquisitions of all sizes over the years, how could it be what it is today? Even if Qualcomm had the guts of Avago, how could it be what it is today?"
"A new era has arrived, and it's time for a new captain. Jacob is just paying the price for his past wrong decisions."
"Mr. Chen, you might as well issue a military order. Anyway, the new Qualcomm will be stronger than before."
Fang Zhuo chatted a lot with great interest.
But Chen Fuyang did not do it casually. Instead, he chewed and absorbed the nutrients of the old villain carefully.
No matter what happens in the future, Mr. Fang is now consistent with his position. He hopes to replace Jacob and become the new Qualcomm CEO.
The call was not too long, but Chen Fuyang felt that he did need to revise his plans for the future.
On October 6, people in San Diego had already photographed Jacob appearing in a hurry, which meant that Qualcomm's official response was not far away.
Sure enough, one day later, Qualcomm confirmed that it would hold an extraordinary shareholders' meeting on November 11.
This piece of news made Fang Zhuo stunned. As expected of the former iron triangle, they still had some tacit understanding. They chose the same day for the meeting. Yike's Mars 8.8 would also be released on this day.
If you calculate the time, this year's press conference will still be held in the "Yi Ke Center" in Shanghai, and it should be in the morning here, that is, the new product will be launched before Qualcomm's extraordinary shareholders' meeting.
Perhaps, this can help Chen Fuyang a little.
Qualcomm has seized Samsung's high-end brand this year, and its Snapdragon 810 also uses the world's best 20nm process. However, Yike's process is 16nm this time, and the two are a generation apart.
So, what do Qualcomm shareholders think?
This is certainly the manufacturer's problem, but does that mean Jacob has no responsibility at all?
Bingxin was once a close partner of Qualcomm, but this relationship has now fallen apart.
"That's it. I'm going back to China at the end of the month to eat some Qualcomm gossip in Shanghai. I've renewed all the contracts that were due to be renewed with Yike, and I've approved most of the budgets that were due to be approved. I've also met with some friends before I return to China."
"Boss Yu, I'll leave the U.S. side to you for now. You'll be in Shanghai to take up your post by next Spring Festival at the latest."
Fang Zhuo finally told Yu Hong that he still needed to fly to Washington.
"Well, no matter what, Mars 8.8 is the most powerful machine today. As long as the production capacity is in place, it will sweep the global market." Yu Hong has also personally experienced the new product and is very confident.
From 2007 to this year, this is the pinnacle of Yike smart phones.
Fang Zhuo smiled at Yu Hong and stretched out his right hand: "See you in Shencheng."
Yu Hong shook hands lightly without saying anything extra and just walked her boss downstairs.
However, she saw Mr. Fang getting into the car, and before she went upstairs, she saw reporters rushing over from across the street.
Yu Hong had a general idea of what was going on, but was not interested in it, so she returned to her work.
Fang Zhuo in the car listened to the questions about Qualcomm and these unfounded conspiracy theories, but he did not walk away. Instead, he responded unhappily: "Qualcomm is going to hold an extraordinary shareholders' meeting. Do I have to take the blame for this too?"
“I’m not a Qualcomm shareholder.”
"It is true that Yike competes with Qualcomm, but it is not our company that has the stamp of approval to veto Qualcomm's acquisition."
"Alas, conspiracy theories are really prevalent everywhere. The failure of Qualcomm's acquisition was due to its monopoly over the past few years, not because of me or Yike."
"I don't know where you heard this news from, and I don't know who is spreading rumors about me. I can only say that if Qualcomm makes a similar statement, it is just a public relations move, trying to shift the consequences of its own monopoly onto its competitors."
"I won't say anything else. Oh, by the way, since you are interviewing me, let me announce an arrangement. Yike's autumn press conference this year is scheduled for November 11th. See you then."
Fang Zhuo gave a fairly complete response.
This matter is mainly due to Chen Fuyang's subjective initiative. It was that side that was causing trouble. So, it should be okay to say that, right?
A reporter also interviewed Jacob, the now-returned CEO of Qualcomm, with this response.
Jacob was still furious and believed that Fang was behind this, but he couldn't say anything about it in front of the media.
He could only answer stiffly: "Qualcomm is still operating according to plan. Those malicious actions will be thwarted soon. We are still on the right track."
Jacob also asked the reporter: "Do you think Chen Fuyang is more suitable to be the CEO of Qualcomm than me?"
The tone of his voice was full of disdain and contempt.
Although Chen Fuyang's appearance surprised him, he felt that his side had a better chance of winning, so he was not panicked at all.
The real person involved was probably the last one to be interviewed by the media. Chen Fuyang heard the content of Fang's interview and Jacob's response. He just smiled and said, "It's not like I haven't been a CEO before. If Qualcomm's shareholders are willing to let me be the CEO, I will be happy to face this challenge."
"I think whatever I do will be fine. After all, I'm not Jacob's 'Mr. 620 Billion'."
"Even if there was a dog tied to the CEO's seat, Qualcomm's market value wouldn't drop to $620 billion, right?"
"Jacob has already made history. If everyone expects me to be as good as Jacob, then please rest assured that I will not be worse than him."
Chen Fuyang was smiling widely, showing no dissatisfaction at all due to the reporter's aggressiveness.
In the following occasions, whether in public or in secret meetings, he always mentioned "Mr. 620 Billion", directly replacing the name "Jacob" with this nickname.
In fact, it doesn’t matter what public opinion is like, as public opinion does not hold Qualcomm shares. It is Qualcomm shareholders who are making the choice now, and they are the ones who actually hold shares whose value fluctuates.
Chen Fuyang's actions were frequent, some of which were kept secret, while others were exposed by shareholder representatives attending the meeting. For a while, true and false news were flying everywhere.
On October 10, because Fang Zhuo revealed the information to the media in advance, Yike’s official website simply started a countdown in advance, directly using the 9th as the starting point to announce the 9th of next month.
Everyone knows that this is Yike's press conference, but the press conference coincides with Qualcomm's extraordinary shareholders meeting, so the countdown is inevitably ridiculed as "Friendly Competitor Countdown" and "Jacob's Timetable"...
On October 10, Intel calmly submitted its full acquisition of Broadcom to the global review agency, which hardly attracted much attention.
Either they are paying attention to the internal changes of Qualcomm, or they are looking forward to and speculating about Yike’s new products this year.
Fang Zhuo, who was in Washington, helped to inquire about the FTC's review opinion and learned that there was indeed no intention to veto and that they were also happy to see the new Qualcomm have an opponent that could check and balance it.
But before Intel went through the final stage of the review, Yike had already confirmed its technical cooperation with Intel, which was a work result personally promoted by Fang Zhuo in the United States.
On October 10, Apple held a new product launch conference and launched the iPhone 15 and iPhone 6 Plus, becoming the second brand of the Big Three to be launched.
Compared with last year, an extremely obvious change has attracted everyone's attention. Last year's "cheap version" iPhone was not continued, and Cook's controversial decision was indeed proven to be wrong.
However, Apple's new products this year do not have many surprises. Apart from the A20 chip which is also manufactured by Taiji 8nm, the other more noticeable thing is the larger, clearer and more scratch-resistant screen, which is somewhat disappointing.
After Fang Zhuo watched Apple's press conference, his trip to the United States came to an end, and the dispute between Jacob and Chen Fuyang was completely on track.
Jacob: Chen Fuyang has no experience in leading a mobile phone chip company!
Chen Fuyang: You are Mr. 620 Billion.
Jacob: Chen Fuyang engaged in unethical behavior in the acquisition of Avago!
Chen Fuyang: You are Mr. 620 Billion.
Jacob: Qualcomm's shareholders should keep their eyes open, Chen Fuyang does not have much experience in semiconductors!
Chen Fuyang: You are Mr. 620 Billion.
Jacob: Can you say something else?
Chen Fuyang: Oh, you used to be Mr. 1000 billion, but only once.
……
(End of this chapter)