Reborn as a tycoon in Hong Kong

On this day, Lin Baicheng went to New York from Los Angeles.

Today is Saturday, October 27th, and there are still two days before Galaxy Games goes public.

Galaxy Games has confirmed that it will be listed on Monday, October 29, and the listing price will be US$16. Based on the company's 200 million shares, the listing market value will be US$3.2 billion.

The listing price of Galaxy Games increased from US$15.75 to US$16, and the total market value only increased by US$50 million, which is not high. But something is better than nothing, and Lin Baicheng is still satisfied.

Lin Baicheng came to New York today because he made an appointment with Yoel Engel to meet here in New York.

After Bill Harveys contacted Yoel Engel, he sent an invitation to Yoel Engel. Yoel Engel did not refuse immediately, but said that he wanted to talk to the boss Lin Baicheng in person. Bill Harveys conveyed the invitation to Yoel Engel. Lin Baicheng naturally had no reason to refuse Engel's request.

In the afternoon, Lin Baicheng and Yoel Engel met at the appointed place. In addition to the bodyguards, there was also Bill Harveys. It was easier for the two of them to communicate with him.

"Chairman, this is Mr. Yoel Engel, a technical expert in the electronic communications industry." "Mr. Engel, this is Mr. Lin Baicheng, the chairman of Sun Electronic Communications Company. The chairman has a big business and is not short of funds. "

Bill Harveys introduced the two to each other.

"Hello, Mr. Engel, you can just call me Allen."

Lin Baicheng shook hands with Yuel Engel.

"Hello, Mr. Allen."

Although Bill Harveys had told Yoel Engel that Lin Baicheng was very young, after meeting Lin Baicheng, Yoel Engel was still shocked by Lin Baicheng's youth.

Lin Baicheng said to Yoel Engel: "Mr. Engel, I think Bill has told you about my investment in Sun Electronic Communications Company. I am optimistic about the mobile phone industry, so if you join our company, you don't have to worry about lack of R\u0026D funds. "

Sun Electronic Communications Company is actually the mobile phone company registered by Lin Baicheng. The total investment in this company has reached 400 million US dollars. Although the money was all contributed by Lin Baicheng, only 62.5% of the shares officially belong to Lin Baicheng, leaving 37.5%. Several offshore companies and funds registered by him were secretly controlled.

This is just the current shareholding ratio. Lin Baicheng also invited Phil Smith and Iwasaki Mineryu to cooperate. The total investment he gave to these two people is 100 million US dollars. If the two of them are willing to invest, then Lin Baicheng’s total shareholding The proportion is only 80%.

Now Iwasaki Mineryu and Phil Smith are still considering it, and Lin Baicheng has not urged them. After all, he has not yet found a leader for Sun Electronic Communications Company. After finding the person, it will not be too late to ask those two people if they want to invest.

Yoel Engel solemnly said: "Mr. Allen, you have to know that although Motorola's Martin has developed a mobile phone a few years ago, until now, Motorola has not put it into commercial use. I estimate that it will take at least several years. Only in time can it be put into commercial use.”

"Mr. Allen, your company has obviously just been established. If you want to develop a mobile phone from scratch, it will not only take several years, but also invest a large amount of money. This number is likely to be in the tens of digits. And the unit is US dollars.”

"Mr. Engel, I am mentally prepared for this."

Lin Baicheng nodded and said: "At present, Sun Electronic Communications Company has been registered and established. I have found several partners and have raised US$400 million for this company. The money is already in the company's account. I am still looking for business partners. , if they are willing to cooperate, there will probably be an initial investment of $100 million."

"At least US$400 million, probably US$500 million. I think these funds are enough for the company's early research and development."

"Let me briefly tell Mr. Engel about my assets. I have a company in Hong Kong that will be listed on Nasdaq in two days. The market value of this company is US$3.2 billion. I hold 59% of the shares. Here I It has assets of over a billion dollars.”

"In addition, I also have a listed company in Xiangjiang with a market value of nearly 10 billion U.S. dollars. I personally hold 49.9% of the shares. This company has provided me with assets of more than 4 billion U.S. dollars."

"In addition to these, I have other industries, so I won't explain them one by one."

"I personally have assets of no less than five billion US dollars, so Mr. Engel, you don't have to worry about Sun Electronics Communications having no money. Even if other shareholders cannot support it, I will still support it because I am very optimistic about this industry."

Bill Harveys added aloud: "Mr. Engel, the two companies the chairman mentioned are Galaxy Games listed on NASDAQ and Hutchison Whampoa Company listed on Hong Kong. You only need to ask someone to find out. No, the chairman cannot lie to you in this regard."

Yoel Engel was somewhat emotional after hearing this: "I believe that Mr. Allen will not exaggerate his assets, but it is hard to believe that Mr. Allen has earned so much wealth at such a young age. I am afraid that Mr. Rockefeller and Both Morgans were incomparable when they were young."

The Rockefeller and Morgan he mentioned were of course the ancestors of these two families who made their fortunes.

"Mr. Engel was outrageous."

Lin Baicheng smiled and then said: "Mr. Engel, I am planning to set up a solar laboratory. The laboratory will be responsible for the research and development of mobile phone-related technologies, with you as the person in charge. In terms of salary, as long as it is you and the elite technical talents you invite, I will provide the best treatment in the industry."

"What I just mentioned is the basic salary. I will also give Sun Lab 5% of the shares as equity incentives. Whoever contributes more to mobile phone research and development will get more equity incentives."

"I can assure Mr. Engel here that the 5% equity incentive I just mentioned will not be diluted until the company's total investment capital exceeds US$1 billion."

"Mr. Allen, the treatment you offer is good enough. I have nothing to say in this regard."

Yoel Engel nodded after hearing this. He had no objection to the treatment. He also wanted to be the general director of a laboratory, rather than the department head at Bell Labs now. However, this still could not make him agree to change jobs. There is no basis for Sun Electronic Communications.

"But Mr. Allen, although four to five billion US dollars is a lot of money, it is not a lot of money to invest in scientific research, because your company has nothing now, and equipment and other equipment have to be purchased separately. The initial investment is very large. There is not much money left for research and development.”

"Furthermore, it is not advisable to develop technology from scratch. It is better to acquire some technologies. Otherwise, if you develop it separately in order to bypass patents, it will not only cost a lot of money, but also be uneconomical in terms of time."

Lin Baicheng immediately said: "Mr. Engel, once you come to our company, as long as it is a technology that you think needs to be acquired, I will definitely send someone to acquire it. All for the research and development of mobile phones."

"Mr. Allen, let me tell you my conditions."

Yoel Engel became serious and said: "I hope you can acquire some patented technologies and equipment from Bell Labs. It is best to acquire my department, so that the company's technology and R\u0026D progress can be improved." It won’t be too far behind Motorola.”

Lin Baicheng was a little confused: "Mr. Engel, will Bell Labs agree to sell it?"

"Mr. Allen, Bell Labs is no longer the Bell Labs it used to be. The lab's annual R\u0026D funding is constantly decreasing. If my department can sell a lot of money, the lab will definitely not mind. For sale.”

Shaking his head, Yoel Engel continued: "Mr. Allen, I want you to promise me that after acquiring the technical equipment I want, you must have 200 million US dollars in R\u0026D funds left, and you must invest no less than 200 million US dollars in the laboratory every year. Less than $100 million until mobile phones are commercially available."

"In addition, after the commercialization of mobile phones becomes profitable, the company must invest no less than US$100 million or 5% of profits as research and development funds for the laboratory every year."

"Mr. Allen, I have had enough of the lack of R\u0026D funds in the laboratory. So unless you agree to these conditions, I will not go to your company. If it makes no difference whether I leave Bell Labs or not, then What else would I be doing if I left?”

Lin Baicheng solemnly said: "I can agree to invest no less than 100 million US dollars in R\u0026D funds for the laboratory every year, but the premise is that your laboratory must produce results, whether it is the technology you want to develop or the tasks I have assigned you. There has to be results.”

"Of course, you can send financial supervision for R\u0026D funds, and no one will misappropriate them."

Yoel Engel immediately responded that what he wanted was sufficient R\u0026D funds, not that R\u0026D funds should be put into his own pocket.

Lin Baicheng continued: "As for the acquisition of technical equipment from Bell Labs, I will send someone to negotiate. As long as the price is not outrageous, there will be no problem. Once the price is too high, there is nothing we can do."

"That's natural."

Yoel Engel had no objection to this. He could not ask Lin Baicheng to agree no matter how high the price offered by Bell Labs. That would clearly be a trap for Lin Baicheng.

Lin Baicheng said: "If the acquisition goes well, Mr. Engel, are you willing to join Sun Electronic Communications Company?"

Yoel Engel nodded: "I can now verbally promise Mr. Allen that as long as there are no big changes, I will join your company."

"Then first I wish us a happy cooperation."

Lin Baicheng was very happy to hear this. Once Yoel Engel joins, the research and development speed of mobile phones will greatly exceed his original plan. If we could acquire all relevant technology patents from Bell Labs and invest a lot of money every year, we might be able to develop a commercial mobile phone earlier than Motorola.

Yoel Engel is also very happy. If Lin Baicheng can do what he just said, then he will not have to worry about lack of R\u0026D funds in the future, which is very important.

Yoel Engel was very unconvinced when he lost to Martin Cooper a few years ago. He did not think that his skills and strength would be lost to Martin Cooper. The reason why he lost was entirely because of the annual allocation of Bell Labs. His team didn't have as much money as Motorola gave Martin Cooper's R\u0026D team, and he lost out on money.

If he does not lack R\u0026D funds in the future, he will definitely be able to officially commercialize mobile phones earlier than Martin Cooper. By then, it will be him, Yuel Engel, who is famous all over the world.

After chatting with Yoel Engel for a while, Lin Baicheng and Bill Harveys said goodbye and left.

A stretched Lincoln on the move.

Lin Baicheng said to Bill Harveys, who was sitting opposite him: "Bill, you form an acquisition team to acquire the patented technology and equipment developed by Yuel Engel's team from Bell Labs. All technologies related to mobile phones must be acquired. , it would be best to acquire the entire team as a whole.”

"Of course, as I said, a certain premium acquisition is acceptable, but if the lion of Bell Labs opens his mouth, forget it. I don't want to be taken advantage of."

Bill Harveys asked aloud: "Chairman, can you tell me your bottom line of premium?"

"50%, that's my bottom line."

Lin Baicheng is willing to spend money to buy time, and for this he is willing to pay a 50% premium. In fact, if he can acquire it as a whole, he is willing to accept a premium of no more than 100%, because he knows how big the mobile phone market will be in the future.

However, there is no need to tell Bill Harveys the higher bottom line now. When the negotiation cannot be reached, it will not be too late for him to make a decision.

Bill Harveys nodded: "Chairman, I will form an acquisition team to contact Bell Labs in the near future."

"If there is any progress, please contact me at any time."

Lin Baicheng knew that the acquisition of at least several hundred million dollars would take a long time, and he might not be in the United States by then.

"I will."

Bill Harveys nodded, and then said: "Chairman, since we have a good discussion with Mr. Engel, can we put aside the matter of finding technical experts for Sun Electronic Communications Company for the time being?"

Lin Baicheng nodded: "Well, let's put it down for now and focus on the acquisition negotiations with Bell Labs."

"I see."

Bill Harveys responded.

Lin Baicheng knew that if the acquisition negotiations with Bell Labs went smoothly, the initial investment of US$400 million might not be enough. After all, not only the acquisition would require a premium, but also US$200 million would be left as R\u0026D funds for Yoel Engel.

In other words, Lin Baicheng is likely to misappropriate funds from other places for use by Sun Electronic Communications Company.

Fortunately, negotiations with Bell Labs cannot be completed overnight. Negotiations may last two to three months or even longer. Furthermore, it is very likely that Yul Engel’s division cannot be acquired from Bell Labs as a whole, and that would not cost much.

In any case, Lin Baicheng has more time to raise funds. For the time being, he does not have to worry about where to misappropriate funds for Sun Electronic Communications Company.