Reinventing the Millennium.

Chapter 1166 Sell Early and Enjoy Early (4K)

Related transactions, false profit reporting, whitewashing of financial reports, and selling of assets.

Even so, Mr. Stringer remains the man in charge of Sony's direction.

Even though the old jazz was suffering in his heart and in a bad situation, Fang Zhuo still respected him very much and did not flatter him.

On the contrary, he wished he could push the low and step up the high.

Sony's sensor business is indeed a good thing.

The cooperation between Bingxin and Sony in building a factory in Shencheng is because Fang Zhuo went to Tokyo to participate in the board of directors before, and found someone from China to conduct an assessment, and felt that there was potential to be tapped in this area, and then there was a technical cooperation.

At that time, domestic talents in this field were extremely scarce, and even the evaluation team searched and searched to find an associate professor in Tsinghua University, and recruited people from companies in related fields in the United States.

Sony sensor + Yike mobile phone related team + ice core process technology progress, the integration of the three has created Yike mobile phone's leading camera hardware.

Sony, a wholly-owned subsidiary, is not only a mobile phone sensor, but also one of the best sensor solutions in the camera market, and considering that it can be linked to vehicle sensors in the future, it is simply a gold mine that has revealed gold.

But having said that, there must be a price tag for gold mines or not. Its prospects are good, but there are still shortcomings such as high R&D investment and strong competitors.

Oh yes, and the biggest disadvantage is that the head of Sony lacks money.

Fang Zhuo and Stringer chatted happily, but did not talk about the valuation of Sony Sensor Company. This requires the team below to connect, and he will negotiate with the old Jazz to negotiate a price after the docking comes out with a figure.

Friendship is friendship, and when it's time to bargain, you still have to bargain.

Fang Zhuo is not a cold-blooded and heartless person.

He was just able to put himself in the situation. If he needed to sell assets and the old jazz had money, would he bargain?

If the old jazz bargained, he would bargain too.

When you think about it this way, it becomes clear how to deal with it.

Yike’s investment department acted urgently, and now it can still obtain evaluation data from IDC, which makes similar work much more convenient.

After the private reception was over, as a sign of cooperation between the two companies, Fang Zhuo and Stringer inspected the No. [-] Ice Core Factory in Zhangjiang, and made speeches with the employees to express their views.

This afternoon, a group of Japanese employees were very moved when they heard the statements of the Huaxia boss and the British boss.

Fang Zhuo had a meeting in the evening, and arranged for the president of Yike Huaxia to continue entertaining Sony and his party, and introduced to them some of the current status of Yike mobile phones and the development of the domestic market.

This also satisfied Stringer.

However, it was still Liu Qiangdong who showed up the next day, and he couldn't see Mr. Fang himself, which was a little... made him feel unhappy and even a little uneasy.

Stringer also knows some of the wine table culture here. When drinking, he is a buddy. Now that he doesn't drink, maybe he has other considerations?

He felt that this time he and Mr. Fang had a win-win situation.

On the third day in Shencheng, Stringer continued to see Mr. Fang, and expressed his dissatisfaction tactfully and euphemistically.

The old brother came to look for you, why did you wait for a day in the middle?

Faced with this wronged inquiry, Fang Zhuo immediately explained the situation: "Sir, I am considering our upcoming cooperation and thinking about how to enhance everyone's competitiveness."

"I called Jobs yesterday and asked him about his interest in Sony sensors and about some exclusivity agreements."

"Apple's iPhone 4 this year has a lot to offer. Its screen is excellent, but the supplier LG signed an exclusive contract, which makes people frown."

"Yesterday I was thinking about Sony's situation in the consumer electronics market. Smartphones will still have huge growth in the next ten years. Sony now wants to switch to Android, and it must launch a mobile phone that can be sold."

"Open Android, Yike's photography, and Apple's screen, isn't it a good combination?"

Fang Zhuo is very considerate of his old friends.

Of course, it would be even better if Yike can be used with LG's screen by the way.

If Apple is unwilling to give up this exclusive contract, Sony Sensors can only make an Apple exclusion agreement.

Stringer immediately felt relieved after listening to Mr. Fang's explanation, so he had to let go.

He thanked: "Mr. Fang, that's why I came to you. You are the director of Sony."

"No need to say more polite words, Sir, you are also the director of our Yike." Fang Zhuo said with a smile, "Actually, I think Sony mobile phones are very suitable for benchmarking against the current Samsung. The two have a lot in common."

Stringer is the foreign director of Yike, and Schmidt, who has left Google, is also the foreign director of Yike.

"Indeed, there are things we can learn from Samsung, and Sony must learn from each company's strengths in order to rise again in this wave of smart phones." Stringer is very emotional.

Fang Zhuo didn't know how much the old Jazz's emotion could be realized.

He felt that at least on the bright side, Sony mobile phones could be benchmarked against Samsung, and an effective direction had to be put forward for the performance dilemma.

It's a pity that at night, after considering Jobs, he gave a call, unwilling to let go of the exclusive agreement for the retina screen.

Fang Zhuo regretted this.

It also means that Stringer and Sony also regret this.

The Retina screen of the iPhone 4 this year is indeed very good, but both Sharp and Samsung are stepping up investment in research and development, and the distance in this area will be shortened soon. Considering Samsung's strength in this area, I am afraid that we will have to deal with it in the screen area in the future.

Then, Sony sensors probably have an agreement to rank apples but not stars.

Although Fang Zhuo has not yet bought a share of Sony Sensors, he is already planning the company's future development in his heart. The CMOS sensor market still needs to develop, and it still needs a lot of investment to determine a more leading position.

On October 10, the Yike team began formal negotiations on the valuation of Sony sensors.

First of all, a question that surprised Stringer was raised. Can sensor companies sell all of them?

If sold in full, the price could be higher.

Stringer flatly rejected this unreasonable request.

Just kidding, no matter how short of money he is, he still has a bottom line. Selling high-quality assets is a matter of continuous flow. This time they are sold out, what should we do next time?

Besides, it sold 100% at once, and the group really couldn't explain it.

This time, he only hopes to obtain part of the funds in the name of capital increase and share expansion, up to 30%, and the valuation price of the sensor is 30 billion US dollars, and the target is OmniVision, a listed company in the United States.

OmniVision is now the No. [-] market share in the global market for CMOS sensors.

However, Sony's high-end solutions demonstrated by Yike have already impacted Howe's stock price. Since the release of Mars4 and Selfy2, its stock price has continued to fall.

It is generally believed that Sony can make a difference in the field of high-end sensors for smartphones.

The one-day meeting between Sony and Yike only discussed these contents. Sony rejected the wholly-owned acquisition, and Yike rejected Sony's valuation.

The valuation given by Yike is 15 billion US dollars, which is a full cut of 50%. The reason given is very painful. The increase in the production capacity of sensors will inevitably require a lot of investment. Sony’s performance is not good, and subsequent development is likely to affect sensor business.

Although the development of the sensor is a subsidiary company, although the goal is to go to the market independently, this initial and expansion stage requires a lot of funds.

You estimate $30 billion now, are you aiming for $300 billion in the future?

Do you have this ability?

Oh, maybe there is, but you are short of money now.

You are not short of money, why are you selling your shares in the name of financing?

Needless to say, Fang Zhuo, the people in Yike’s investment team found a small difference. Sony said that it was a subsidiary financing for development, but in fact it wanted to sell its holdings, so that the money fell to Sony instead of Sony Sensors. hands.

On October 10, Yike continued to negotiate with Sony, but Fang Zhuo notified Stringer that he needed to go to Luzhou to deal with the financing of Ice Core, and it was the No. 9 board of directors that had already made an appointment in advance.

For two consecutive days, Fang Zhuo did not attend the negotiation meeting between Yike and Sony. As soon as he gave the news, he was busy, he was going to Luzhou, and he was going to the board of directors of Ice Core.

Why is it such a coincidence?Why are you going when I, Sony, come?

Stringer sighed inwardly, thinking that it was Mr. Fang's intangible price-cutting, personal friendships belonged to personal friends, and this business strategy was a set one.

When he met Mr. Fang again at night, he spoke very straightforwardly.

"Mr. Fang, I know what you want to do. Since I'm here to find you, we can communicate more smoothly." Stringer couldn't help but sigh when he said this.

Seeing that Mr. Fang's expression on the other side was flat, he felt that his words were a bit offensive, so he immediately went back to make amends: "Mr. Fang, we have a common future. You make way, and I make way. The progress of this matter Isn't it going to be soon?"

Fang Zhuo suddenly missed the demeanor of the old Jazz when he first met him. At that time, the old Jazz seemed to be just the head of Sony America. Hey, it was not easy, it was all for the company.

"Sir, no, I really have a chance, I don't want to leave Sony here, who do you think I am?"

Stringer smiled: "It's good if it's not, I'm really worried about Sony's recent situation."

No wonder!

Mr. Fang, I know who you are!

The fluctuations in Stringer's heart did not affect his smile: "But we really need to push this matter as soon as possible."

Fang Zhuo let out a "huh" and calculated the information given by the team. The prospect belongs to the prospect, and the value without verification has only a certain value. The valuation quotation of the Sony sensor is slightly higher, probably because he wants to have room for bargaining.

The valuation range given by Yike internally is 20 billion to 25 billion US dollars, and Sony's valuation range is probably 25 to 28 billion US dollars.

This is still based on the valuation of OmniVision Technology in the US stock market.

Calculated on the basis of 25 billion, 25*0.3=7.5 million US dollars.

The old jazz said before that the loss was more than 30 billion US dollars, and this gap is still very large.

Fang Zhuo also heard the head of Sony mention his entertainment shares in the United States two days ago, but Yi Ke is really not interested in this, and he is not willing to add more funds here.

"Well, sir, Sony has a headquarters building in New York, I quite like it there, I am willing to buy 4% of the shares personally, and the Sony sensor side is jointly bought by Bingxin + Yike + I personally buy 35% of the shares .”

"The assessment of the New York headquarters is calculated by the other side. It can be a reason not to be optimistic about the recovery of the US property market. I estimate that it is only 9-10 million US dollars."

"The sensor is estimated at 25 billion US dollars here, and such a financial report can be alleviated anyway."

As long as there is cash flow, the financial report may continue to be whitewashed. As for next year...

Let's talk next year.

Stringer's heart skipped a beat. Sony's New York headquarters building... this building has a bad reputation for selling buildings. Sony's financial report for the first half of the year was still a profit of 8 million US dollars, and it turned around and sold the building...

However, it is precisely because of the 8 million profit in the first half of the year that the sale of the property is not for the purpose of recovering blood, but it is just not optimistic about the US property market.

10*0.4+25*0.35=12.75亿美元。

If these two deals can be concluded, nearly half of Sony's shortfall can be filled, and rounding up means that there is no shortfall, and it can even continue to report profits.

Stringer was calculating in his heart, showing embarrassment. Both of these two transactions broke the bottom line a little bit. The share ratio of the sensor and the New York building...

Fang Zhuo took a sip of tea and snapped his fingers at the secretary Liu Zonghong next to him.

Liu Zonghong approached.

"Is there any problem with the flight to Luzhou tomorrow? Have Laoxiong and the others arrived in Luzhou?" Fang Zhuo asked about the itinerary in English.

Liu Zonghong immediately reported the itinerary of the ice core shareholders. Almost all of them have arrived in Luzhou, and they are probably visiting the ice core production line now.

Fang Zhuo nodded slightly, signaling to the secretary to continue sorting out the files.

Stringer heard the conversation between the two and asked, "Mr. Fang is really going to Luzhou to open the ice core board tomorrow?"

Fang Zhuo glanced at the old knight and shook his head.

Stringer was surprised, he just heard that the itinerary and business arrangements have been made.

"No, sir, this is not about the board of directors, this time it is really bargaining." Fang Zhuo smiled slightly.

Stringer: "..."

It’s really gone tomorrow, right? If it’s overdue, it won’t be the same price, right? Just nodding today can solve most of Sony’s problems, right?

Fang Zhuo gave a step up: "Sir, the sensor is worth 25.5 billion US dollars, and we need to add Shencheng's real research and development capabilities."

He persuaded: "After the two transactions are completed, Sony can concentrate on business development, sir, sell early and enjoy early."

Early sale early enjoyment, late sale no discount.

It has already been raised to 5000 million.

"The valuation from the New York headquarters..." Stringer said slowly. He felt that Mr. Fang's words made sense, and that he could start the business recovery with ease after finishing it early.

"It depends on the evaluation of the United States. I can only say, try to give a high price as much as possible. This is not the company's money, but my own money." Fang Zhuo laughed.

Stringer frowned and said, "How can there be a billion dollars."

"You find someone to estimate, and I will also find someone to estimate. When the time comes, try to give a price as much as possible. If 10 billion US dollars is suitable, then use this figure." Fang Zhuo made a certain promise.

Stringer sighed, and took the initiative to extend his right hand. The general intention is just like this, and the details will be discussed later.

Fang Zhuo shook hands with the old jazz, and sent him out politely.

"Let New York find someone to evaluate the Sony building, and the estimated figure will be reduced by 5000 million dollars." Fang Zhuo gave the secretary an order.

Just as Liu Zonghong wanted to open his mouth, he stopped the urge to be surprised. Boss, you...

Fang Zhuo noticed a trace of emotion, and said as a matter of course: "Personal money should always be saved, there is no way to buy a house without bargaining."

Liu Zonghong nodded and said yes, it was a blessing for Stringer to have a friend like the boss, without a boss, how would the old Jazz mend Sony's hole.