Reborn Tycoon Rise
Chapter 224 Acquisition Successful
Xu Zhi smiled and said: "Let's not talk about business first. You and I are relatively optimistic about the future development of personal computers, so why not have a casual chat first."
Trammell was obviously very interested in this topic, so he said, "What do you think, Mr. Xu?"
Xu Zhidao: "Everyone with a discerning eye can see that personal computers are about to develop rapidly, and Apple is the leader. However, the market is still very small. Even in the United States, only 1% of households currently own personal computers.
To take a step back, semiconductor technology is now changing so rapidly that a few years is enough to obsolete the once most advanced chips, so even if all households have computers, they will need to be replaced every few years.
This is a very huge market. Mr. Trammell is also very clear about the situation of our Midea company. We are not short of funds, but we hope to enter this market quickly. However, Kangmaoda Company currently has its own reserve technology, but lacks funds. With further development, Apple is now at its peak, and IBM is also preparing to develop its own personal computer. It is the best choice for us to join forces!
As for why I want a wholly-owned acquisition, it is because in my plan, the funds for research and development of new computers and other technologies will reach tens of millions of dollars every year in the future. If it is not a wholly-owned acquisition, then it must be jointly invested with all shareholders, which will This leads to unnecessary wrangling. You also know how precious time is now. If you are a step too late, the market may be gone! "
"Tens of millions of dollars!" Trammell couldn't help but feel a little moved. He was short of hundreds of thousands of dollars for a project, so he negotiated with a bunch of shareholders for several months. The loss of time was the most helpless, so he asked : "If your company acquires Kangmaoda, how will it arrange all our employees and plan for future development?"
Xu Zhidao: "If Midea Electronics successfully acquires, then Kangmaoda will become a subsidiary brand of our company. All employees will still perform their duties, and you will also serve as the general manager of the American company. At the same time, I will invest 5 million each." US dollars will be used to build a research and development laboratory in the United States and Hong Kong. As long as there are research results, subsequent funding will not be a problem."
Trammell asked: “What do U.S. R\u0026D institutions primarily develop?”
“LAN systems, CPU research and development, instruction set development and some underlying software frameworks.
The laboratory in Xiangjiang actually focuses on functional software and computer games.
But this is only the case for now. In the future, other countries may also have R\u0026D institutions, and the R\u0026D in different places may be different. Moreover, I will arrange for each laboratory to send personnel to each other so that we can cooperate better.
Of course, computer production will still be in Hong Kong or other parts of Asia, because labor costs are lower after all. "
Xu Zhi briefly explained the future plan. Although Xiangjiang is not an electronic desert now, the technology is really far behind. At the beginning, local technicians worked together to develop the Xiangjiang Cube, but when it comes to Contra and Mario, Basically, the main game framework is completed by Japanese and American engineers, and the Xiangjiang team is mainly responsible for level design.
Today's computers have higher requirements for engineers than arcade machines. The American team is responsible for core technology research and development. This is the only option, at least for now.
"I have to think about it for a while." Trammell did not reject it directly as at the beginning, and his attitude had already relaxed.
Xu Zhidao: "No problem. I have been staying at the InterContinental Hotel in New York during this period. I welcome Mr. Trammell to visit at any time."
Trammell said: “Even if I agree, I don’t have the majority of the shares in Commoda!”
Xu Zhi smiled and said: "These are not problems. I have already acquired all those shares."
Trammell asked: "Since Mr. Xu has acquired these shares and is already the company's major shareholder, why do you still need to consult me like this?"
Xu Zhi smiled and said: "What I like is not just the company, but the team. Mr. Trammell, you are the core figure of this team. Regardless of whether we can work together in the future, I still hope for this acquisition." Achieve results that everyone is satisfied with.”
In later generations, Jack Trammell encountered something similar to Jobs in 1984. Both of them had serious conflicts with the board of directors, Jobs was fired, and Trammell left the company he created.
The difference is that although Jobs was talented, he had a very poor relationship with his subordinates, while Trammell was just the opposite. After his resignation, a large number of Kangmaoda employees also left, which also paved the way for the subsequent failure of Kangmaoda.
Trammell nodded and smiled: "I understand, Mr. Xu is indeed a gentleman. Let's do this. I will discuss this matter with my employees. Although they are only employees, they have started a business with me and have companies in their hands." Mr. Xu wants to fully acquire some of the shares, and they must agree."
Xu Zhidao: "No problem, the price is definitely not a problem. If the acquisition is successful, I can announce that all employees' salaries will be increased by 20%!"
Trammell nodded and said, "Okay, thank you very much, Mr. Xu."
The follow-up arrangements are much simpler. Although the predecessor of Kangmaoda Company has some history, it has only been developing personal computers for a few years. Most of the company's employees are relatively young. These people are basically the generation that lacks funds. The shares in their hands can have The opportunity to cash out at a high price was naturally a dream come true. Coupled with the 20% salary increase promised by Xu Zhi, basically everyone agreed to the acquisition.
After seeing that all employees agreed, Trammell gradually softened, and Midea Electronics' acquisition of Kangmaoda was officially launched. After several quarrels, Midea Electronics finally acquired Trammell and a group of employees for US$3.25 million. The price of the stock in hand is a little higher than that of acquiring the stock from the venture capitalist, but it also saves a lot of time. After all, it is unrealistic to negotiate slowly with too many employees, and it is most convenient to get it all at once.
The brand of Commodore Company has not changed. After all procedures were filed with the local government department in New York City, Xu Zhi directly remitted US$5 million for the research and development of several projects carried out by the company: commodore64 computer research and development, local area networking, floppy disk drives wait.
After getting the funds, Kangmaoda Company quickly moved out of its current almost dwelling-like environment. The agency rented a 4-story office building near Columbia University. It has a beautiful environment and is close to several well-known universities, making it more convenient. Carry out high-end talent recruitment to add fresh blood to the company's development.
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