Back to 1995

Chapter 903

The collapse of Nasdaq has increased the number of ICQ stocks in the market. At the beginning, ICQ, Yahoo, AOL Time Warner and other stocks were the darlings of the market and were sought after by everyone.

But now, ICQ has become one of the stocks with the highest short-selling rate on Nasdaq. Those short-selling Wall Street institutions like to do it most, which is to smash ICQ. Just watching the wind and falling, there is no disadvantage!
The major shareholders of ICQ such as Goldman Sachs, Deutsche Bank, and the Bronfman family have now more or less sold off a large amount of ICQ equity. Compared with before, nearly 88% of ICQ’s equity is concentrated in GM Electric, Song Yang, Comcast, Bronfman family and others.

But now, Goldman Sachs, Deutsche Bank and many leeks have already thrown away their ICQ shares, so that the ICQ shares in circulation on the market are expected to be at least 30% or more!

Hearing that Song Yang wants to start buying ICQ stocks in the market now, Marcus couldn't help asking, "Start buying back now?!"

It will be a matter of time before Song Yang wants to repurchase ICQ shares, and Marcus and the others are aware of this, otherwise, what would Song Yang do with the huge amount of cash cashed out.

It's just that now the entire Nasdaq is like a frightened bird. If there is a slight disturbance, the stock price will fall wildly. If you buy back the stock, it is likely to fall into your hands.

In addition, the two major shareholders, such as General Electric and Comcast, are still holding on to the shares of ICQ in their hands and have not sold them. If they make a move at this time, it is likely to carry the sedan chair for them.

Song Yang nodded, "The Internet will not keep falling. In fact, ICQ's other industries have not been greatly affected. If you don't get back ICQ's controlling stake and major shareholder status now, if you want to get it back in the future, I'm afraid it won't be so. It’s easier, but the price to pay is greater!”

Now the market value of ICQ has dropped to about 900 billion US dollars, and the stock price may fall for a while in the future, but when ICQ's revenue for the next quarter is released, anyone with a discerning eye will see that ICQ is actually not that bad.

Even if the Internet business is not counted, ICQ's revenue is quite explosive. There are American Telecom, NBC Group, ICNC TV, Universal Pictures, Comcast TV Network, etc., and these businesses have not been greatly affected. .

Even if it is for these businesses, ICQ is already very "cheap". At that time, the stock price will naturally pick up. If you want to get back the shares of ICQ from General Electric, Comcast, etc., it will cost a lot of dollars. Whether you want to sell it or not is probably a matter of two opinions.

"I will entrust other institutions and foundations to start acquiring ICQ shares!"

Hearing that Song Yang had made up his mind, Marcus said in response, North American Global Investment Fund can of course buy it at the end of the market, but if it really buys more stocks, it needs to make an announcement. By then, how many ICQ stocks can be bought? It's hard to say, I can only use various means to entrust other investment institutions to slowly wipe out ICQ stocks in the market.

Standing in the meeting of the ICQ headquarters building, looking at San Jose under his feet, Immelt could see the bleakness of the streets of San Jose with naked eyes. And pass.

The impact of the Internet on San Jose and Silicon Valley is much greater than imagined. Standing by the window, Immelt took a deep breath.

"Will they all be there tomorrow?!" Immelt asked a new ICQ executive.

This year, ICQ executives have changed one crop after another. When Irene left, a wave of "veteran" founding team executives left, and then the departure of Edgar Bronfman Jr. After taking away a group of Bronfman family cronies, ICQ executives are now the third generation. It is hard to say how long these people can last.

"Bruno Song, Brian Roberts, Bronfman Sr., and representatives of the Telephone and Telegraph Group have all indicated that they will attend this board meeting!"

Hearing that Song Yang would come to participate, Immelt also had some speculations in his mind for a while. Since he made General Electric a major shareholder of ICQ, his "ally" relationship with Song Yang disappeared, and Irene's resignation, It made Immelt and Song Yang become rivals.

But Immelt has no choice. If he wants to completely control ICQ, he must eliminate Song Yang's influence on ICQ. Otherwise, what is the point of everything he does?
As for the relationship between "allies" and personal friendship with Song Yang, it was not worth mentioning to Immelt in the face of ICQ, which was originally worth 4000 billion US dollars.

But who would have imagined that the Internet would collapse, and it would collapse so quickly that Immelt could not avoid it.

Now, Immelt needs to re-stabilize the relationship with ICQ's major shareholders, of course, including repairing the "friendship" with Song Yang. For a professional manager like Immelt, he can bend and stretch. It's fundamental, as long as ICQ's stock price can be stabilized, Immelt can get through the troubles ahead, and Immelt can do whatever he wants. Anyway, as long as he survives, Immelt will always have a chance to come back!
"Immelt, chairman of ICQ, recently returned to San Jose to hold a board meeting. It is expected that ICQ will undergo major changes!"

"Bruno Song, will attend tomorrow's ICQ board meeting!"

"ICQ May End Chaos, Get New CEO!"

This ICQ board meeting is not only eagerly awaited by ICQ, even Silicon Valley and the entire Internet industry are eagerly awaiting it. The Internet desperately needs good news.

It hasn't even started yet, rumors are spreading all over the place in various media. Rumors about Song Yang's return to ICQ, and even rumors that Irene, who is the president of Google, will welcome back to ICQ have begun to appear. These sounds outrageous news, It actually made the ICQ stock price rise, which shows how many leeks are still unwilling to give up and are still clinging to ICQ stock.

Comcast's new president, Brian Roberts, arrived at the airport by private plane and flipped through the local newspapers in San Jose. When he saw the gossip, Brian Roberts couldn't help shaking his head.

These bullshit news, and I don’t know which short-selling institution is about to cut leeks to release the news, and it is ready to cut another crop of leeks.

The current major shareholder of ICQ is General Electric. How could Song Yang come back before the major shareholder changed? Brian Roberts is too familiar with Song Yang's style. He knows that Song Yang is not someone who likes to take the blame for others. How is it possible to work for GE and Immelt? !
If it were Qiao Gangzhu, it would be really possible to choose to turn the tide, even if he was not a major shareholder, he would save Apple, but Song Yang and Qiao Gangzhu are two people with completely different styles. Brian Roberts feels that Song Yang would rather hold hands The 10% stake in ICQ in the company is completely bad, and it has become a junk stock. It is estimated that they will not come out to rescue Immelt and General Electric. Brian Roberts feels that the board meeting held by Immelt this time is probably not the case. Another void...

After leaving the airport and entering downtown San Jose, Brian Roberts sighed when he saw ICQ's new headquarters, which had been shut down and left to be blown by rain and wind. The ICQ empire of the American Knife Market Value Club has fallen into this field, and even the headquarters building has been shut down...

Brian Roberts is also a little fortunate. At the beginning, Song Yang did not support Comcast Group and competed with General Electric for the majority shareholder and controlling stake in ICQ. Otherwise, Brian Roberts could not imagine that today's Comcast Group would What's the end.

At the beginning of this year, Roberts Sr. gave up the position of head of Comcast Group to Brian Roberts.

Although the stock price of Comcast Group has fallen a lot, the entire telecom industry is in the same place now. The stock price has fallen, and it is better than WorldCom. Castor's loss is not too bad, at least he got a large amount of cash flow. Compared with the Bronfman family, Comcast Group is simply lucky!

The reason why Brian Roberts is willing to rush over this time is not only because he doesn’t want ICQ’s stock price to fall any further. Another point is that Song Yang, who has not attended the ICQ meeting for a long time, came suddenly. Brian Roberts always felt that there seemed to be something wrong. to happen.

(End of this chapter)