I’m in Hollywood

Three days after the wedding, Eric and more than a dozen executives from the Firefly System started a three-day meeting in a vacant barn on the farm. The theme of the meeting was not too formal. At first, everyone was given a theme of 'digital life in the Internet age', and everyone was asked to prepare a relevant speech according to the field involved in the enterprise in charge of them, and then everyone had an impromptu discussion together.

Firefly Investment's Cisco, America Online and Yahoo have formed a complete industrial chain in Internet technology, and 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 Investments If it can perfectly achieve synergy and 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 affect the global economic structure. Small to ordinary people's way of life has an impact on all aspects.

However, during the three-day meeting, Eric also discovered unstable factors in the Firefly system.

On May 24, the day after the meeting, John Chambers, Ian Grenier and others rushed to the White House for a banquet at Clinton's invitation on the day of the wedding. Eric and Chris didn't join in the fun.

In a small pasture outside the farmhouse, Eric and Chris leaned against the fence on the outside of the ranch and looked not far away.

Geoffrey was walking on the grass with a foal himself, Emma was riding on the horse and waving her little hands excitedly, Joanna guarded carefully, Emily and Virginia took the Two other little guys stood nearby chatting.

After watching this warm scene quietly for a while, Eric clapped the thick volume of meeting minutes in his hands. This is the content of the meeting that Eric asked several assistants to record in real time during the previous three-day meeting. Among them, the United States Online CEO Steve Case's speech on 'The Media Development Advantage of Internet Enterprises' was the object of distress for Eric.

In the original layout plan, America Online assumed the role of a network service provider in the original 'Information Industry Alliance' plan. AOL's future development direction should also be working towards a comprehensive telecom operator such as at-t. Eric even talked to Steve Case, hoping that AOL could acquire verizon or sprint in the next few years. One of the two established telcos could, if possible, also expand into cable operators.

Knowing that Internet businesses such as portal websites and online mailboxes will have a bubble-like boost to AOL's stock price in the next few years, Eric did not restrict AOL's development of this business, and even spared no effort to provide a lot of technical support. At present, in the online business such as simple portal websites, Yahoo, which focuses on this field, has a market share of 70%, followed by AOL with a market share of about 10%, and latecomers such as Microsoft. Share the last 20%.

But perhaps due to the stimulation of the crazy development of the Internet concept in recent years, it can be seen from this speech by Steve Case that he is obviously more inclined to let AOL develop towards a content provider, or even to the original time and space China's annexation of Time Warner's 'Old Way' has made AOL a comprehensive Internet media group.

Although he has the mind of unifying Hollywood, Eric does not want to see this situation happen at all. No one knows better than Eric that the thriving Internet industry is just a grand bubble. In memory, AOL can be said to be the fastest company to fall after the Internet bubble burst due to its deviation from the development trajectory of the original Internet service provider. company.

More importantly, once AOL deviates from the established trajectory, a terrifying 'fault' will appear in the industrial chain layout that Eric has carefully built over the years.

In the end, Eric was the first to say: According to the stock price before the close yesterday,

AOL's market capitalization has exceeded 20 billion US dollars, right?

Chris nodded and said, The stock price at the close yesterday was $138, with a total market value of 20.7 billion. The number of shares we hold is 45 million shares, which is still 30%. Oh, the Clover should also absorb a lot, right?

Eric thought for a while 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, it is impossible for us to spend enough funds to pursue absolute control.

Eric also smiled slightly. He didn't hold AOL tightly in his hand at first, which was a mistake.

When he first invested in AOL, many things had just started. Eric had no such ambition at all. He just invested with a speculative mentality, hoping that the other party would sell stocks for arbitrage when the stock price rose sharply. The original decision also lays the groundwork for the current fight for control of AOL.

Right now, Internet-related businesses are clearly more popular with investors than relatively traditional telecommunications businesses. If Steve Case insisted on developing the content business, even as AOL's largest shareholder, Eric would not be able to guarantee 100% that he would be able to oust Steve Case from the CEO position.

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Three days after the wedding, Eric and more than a dozen executives from the Firefly System started a three-day meeting in a vacant barn on the farm. The theme of the meeting was not too formal. At first, everyone was given a theme of 'digital life in the Internet age', and everyone was asked to prepare a relevant speech according to the field involved in the enterprise in charge of them, and then everyone had an impromptu discussion together.

Firefly Investment's Cisco, America Online and Yahoo have formed a complete industrial chain in Internet technology, and 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 Investments If it can perfectly achieve synergy and 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 affect the global economic structure. Small to ordinary people's way of life has an impact on all aspects.

However, during the three-day meeting, Eric also discovered unstable factors in the Firefly system.

On May 24, the day after the meeting, John Chambers, Ian Grenier and others rushed to the White House for a banquet at Clinton's invitation on the day of the wedding. Eric and Chris didn't join in the fun.

In a small pasture outside the farmhouse, Eric and Chris leaned against the fence on the outside of the ranch and looked not far away.

Geoffrey was walking on the grass with a foal himself, Emma was riding on the horse and waving her little hands excitedly, Joanna guarded carefully, Emily and Virginia took the Two other little guys stood nearby chatting.

After watching this warm scene quietly for a while, Eric clapped the thick volume of meeting minutes in his hands. This is the content of the meeting that Eric asked several assistants to record in real time during the previous three-day meeting. Among them, the United States Online CEO Steve Case's speech on 'The Media Development Advantage of Internet Enterprises' was the object of distress for Eric.

In the original layout plan, America Online assumed the role of a network service provider in the original 'Information Industry Alliance' plan. AOL's future development direction should also be working towards a comprehensive telecom operator such as at-t. Eric even talked to Steve Case, hoping that AOL could acquire verizon or sprint in the next few years. One of the two established telcos could, if possible, also expand into cable operators.

Knowing that Internet businesses such as portal websites and online mailboxes will have a bubble-like boost to AOL's stock price in the next few years, Eric did not restrict AOL's development of this business, and even spared no effort to provide a lot of technical support. At present, in the online business such as simple portal websites, Yahoo, which focuses on this field, has a market share of 70%, followed by AOL with a market share of about 10%, and latecomers such as Microsoft. Share the last 20%.

But perhaps due to the stimulation of the crazy development of the Internet concept in recent years, it can be seen from this speech by Steve Case that he is obviously more inclined to let AOL develop towards a content provider, or even to the original time and space China's annexation of Time Warner's 'Old Way' has made AOL a comprehensive Internet media group.

Although he has the mind of unifying Hollywood, Eric does not want to see this situation happen at all. No one knows better than Eric that the thriving Internet industry is just a grand bubble. In memory, AOL can be said to be the fastest company to fall after the Internet bubble burst due to its deviation from the development trajectory of the original Internet service provider. company.

More importantly, once AOL deviates from the established trajectory, a terrifying 'fault' will appear in the industrial chain layout that Eric has carefully built over the years.

In the end, Eric was the first to say: According to the stock price before the close yesterday, the market value of AOL has exceeded 20 billion US dollars, right?

Chris nodded and said, The stock price at the close yesterday was $138, with a total market value of 20.7 billion. The number of shares we hold is 45 million shares, which is still 30%. Oh, the Clover should also absorb a lot, right?

Eric thought for a while 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, it is impossible for us to spend enough funds to pursue absolute control.

Eric also smiled slightly. He didn't hold AOL tightly in his hand at first, which was a mistake.

When he first invested in AOL, many things had just started. Eric had no such ambition at all. He just invested with a speculative mentality, hoping that the other party would sell stocks for arbitrage when the stock price rose sharply. The original decision also lays the groundwork for the current fight for control of AOL.

Right now, Internet-related businesses are clearly more popular with investors than relatively traditional telecommunications businesses. If Steve Case insisted on developing the content business, even as AOL's largest shareholder, Eric would not be able to guarantee 100% that he would be able to oust Steve Case from the CEO position.

But perhaps due to the stimulation of the crazy development of the Internet concept in recent years, it can be seen from this speech by Steve Case that he is obviously more inclined to let AOL develop towards a content provider, or even to the original time and space China's annexation of Time Warner's 'Old Way' has made AOL a comprehensive Internet media group.

Although he has the mind of unifying Hollywood, Eric does not want to see this situation happen at all. No one knows better than Eric that the thriving Internet industry is just a grand bubble. In memory, AOL can be said to be the fastest company to fall after the Internet bubble burst due to its deviation from the development trajectory of the original Internet service provider. company.

More importantly, once AOL deviates from the established trajectory, a terrifying 'fault' will appear in the industrial chain layout that Eric has carefully built over the years.

In the end, Eric was the first to say: According to the stock price before the close yesterday, the market value of AOL has exceeded 20 billion US dollars, right?

Chris nodded and said, The stock price at the close yesterday was $138, with a total market value of 20.7 billion. The number of shares we hold is 45 million shares, which is still 30%. Oh, the Clover should also absorb a lot, right?

Eric thought for a while 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, it is impossible for us to spend enough funds to pursue absolute control.

Eric also smiled slightly. He didn't hold AOL tightly in his hand at first, which was a mistake.

When he first invested in AOL, many things had just started. Eric had no such ambition at all. He just invested with a speculative mentality, hoping that the other party would sell stocks for arbitrage when the stock price rose sharply. The original decision also lays the groundwork for the current fight for control of AOL.

Right now, Internet-related businesses are clearly more popular with investors than relatively traditional telecommunications businesses. If Steve Case insisted on developing the content business, even as AOL's largest shareholder, Eric would not be able to guarantee 100% that he would be able to oust Steve Case from the CEO position. (To be continued.)

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