Chapter 1089: One Night of Strong Money

After Ye Jianbin's excitement was frustrated here last night, Zhang Ke slept until dawn and did not disturb anyone anymore. He woke up in the early morning, stood in front of the floor-to-ceiling window, pulled the curtains open, and let the morning light pour in unscrupulously.

The cold currents have hit these days, and there are some frost traces in the yard. I didn’t expect that just after one night, the tiger hoof plum blossoms in the corner of the yard had buds blooming. When I was talking to Xu Si yesterday, she was still thinking that the tiger hoof plum blossoms in the yard would bloom in the past few days. The plum branches are thin, without leaves, and are decorated with buds. In the cold morning light, people feel particularly energetic.

Zhang Ke went to Qinghan's yard to look at the Tiger Hoof Plum Plum for a while, and someone sent breakfast and morning reports. It depends on the reactions of all walks of life to the bilateral agreement between China and the United States and Quantung's online stock surge. It is more appropriate to browse news online, but life is sometimes more traditional.

Under the pressure of ESS being about to reduce its holdings on a large scale, Quantum Online's stock price fluctuated and rose after a sharp rise in the opening market and finally stood firm above US$48, with its market value doubled overnight, writing a new chapter to the Internet wealth myth.

After more than a month of fluctuation and adjustment, the index of Lu and Shenzhen markets rose sharply on the last trading day before the market closed on the New Year's Day holiday in the new millennium. It is more important to see whether new technology concept stocks will collectively hit the daily limit.

Zhang Ke was reading the newspaper while having breakfast. Just after eight o'clock, Fu Jun and the administrative secretary came over with information.

"Why is it so early?" Zhang Ke picked up the watch on the table and looked at it.

"Mr. Ye is urging him in a hurry. Should he hold a conference call now?" Fu Jun asked.

Ye Xiaotong was about to give birth, and Mr. Ye personally came forward to detain her in the old house to give her a safe baby. The administrative department was in a state of no leader, but Fu Jun temporarily took charge of this area, so there would be no chaos.

"You will take the final plan submitted by Microsoft to us and let them have a telephone conference to discuss first." Zhang Ke took the fax from Fu Jun that he sent back from the United States last night.

"Mr. Ye and the others didn't sleep last night, and were waiting for the call to make up for the sleep," Fu Jun said, and took out another document and handed it to Zhang Ke. "The comprehensive opinions discussed by Mr. Ye and the others overnight are also here."

After Microsoft was convinced that its industry thinking in the closed application environment had been revealed to Kumho, especially after Quantum Online's share price surged on Nasdaq yesterday, it gave up its efforts to lower prices in exchange for other preferential conditions.

In the final agreement submitted by Microsoft, it is clearly stated that the global music online and DMP-iplayer hardware model platform should facilitate its promotion of the new generation of audio format standards, and requires Kumho to have a clear plan to abandon the market profit-making strategy to expand the share of the portable music player market. In addition, Microsoft must enjoy the same level of treatment as Scooper in obtaining the technical authorization of the IPlayer product.

Microsoft will pay Kumho $900 million for the above additional terms and 30% of the equity of Global Music Online. Of course, when it was announced, $900 million was just an equity merger and acquisition payment and did not involve anything else.

Kumho proposed the cooperation conditions for the promotion of flash drive technology, and Microsoft agreed to it all because it will benefit.

Zhang Ke has seen the final plan submitted by Microsoft, and also the opinions discussed by Ye Jianbin and the others overnight. He asked Fu Jun to take a pen to him, signed the document, and handed it to Fu Jun and said, "That's it. They all have a unified opinion. So what else can we do? Today is Millennium Night, go whatever we should do. You can go back to Haizhou, don't come back before the Fourth. I made an appointment with Du Fei in the morning to play basketball..."

Ye Jianbin was still sitting at the desk drinking coffee leisurely. The video conference interface was already opened, so he chatted with Chen Xinsheng, Su Jindong and others on the video interface. When the terminal on Zhang Ke was connected, he excitedly put down the coffee cup and was about to catch Zhang Ke and complained about their hard work in sleeping all night yesterday. Unexpectedly, Fu Jun showed his face.

"Zhang Ke affirmed the final plan submitted by Microsoft. I will send you the electronic file of the signature document to you later. Zhang Ke hopes that everyone will not work too hard on Millennium Night. If you practice it, the video conference will be temporarily cancelled and will not send you New Year's greetings..."

Ye Jianbin shook his head and smiled bitterly. How could he throw his job away as easily as he did? Since there was no objection, Xiao Jincheng and Cheng Hanzhang officially signed an agreement with Microsoft in the United States, which was a gift on the eve of the new millennium.

Also, the negotiation conditions with Warden venture capital companies and Goldman Sachs will be revised.

Major new technology indexes such as Nasdaq have risen for a long time, and compared with the lows in previous years, they have increased by about two to three times. European and American investors are still immersed in the dream of the Internet economy prospering for a long time. Although they all know that there is a bubble, the rapid growth of the global Internet industry makes them believe that the bubble will be quickly digested by the real industry.

Take China for example. The total number of Internet users increased by more than 150% in 1999, from 8 million at the end of 1998 to 20 million at the end of 1999. Moreover, the market development potential is huge. The expected performance of new technology leading companies such as Microsoft in 1999 is also significantly better than previous years, giving investors strong confidence.

As the first Chinese portal and the only Chinese portal listed on Nasdaq, the Warden-based fund company that participated in Quantum Online's venture capital in the early stage also believes that Quantum Online's stock price has the potential to continue to rise.

The news that Zhongjing Microchip will build two fabs at the same time is already in a turmoil in the industry, and they also know that Kumho has an urgent need to cash out. Earlier, Quantung Online's public shares were only 7.5 million shares. Once ESS's 17 million shares will be quickly reduced in the short term after the ban period, it will inevitably completely disrupt their original plans. If they want to resolve the pressure brought by the ESS's share reduction plan, they must work with other investment institutions to take over all the shares held by ESS first.

Such negotiations have already started, and Kumho certainly cannot expect these investment companies to take over at market prices. Price negotiations are the most critical factor. Before last night, the stock price was only US$21 per share, and just after one night, it soared to US$48 per share. The results of the previous negotiations will almost be invalidated at this time. Whether or not they will continue to negotiate is a problem. After all, the price after the correction will greatly exceed the previous forecasts of these investment companies, which means more risks.

In any case, after the New Year's Day of the new millennium, ESS's stocks held by Quantung Online have passed the ban period. According to the previous plan, if there is no major investors taking over, they will have to start a reduction plan in the open market. The China-US bilateral agreement can be reached at such a critical period and stimulate the surge in Quantung Online's stock price, which undoubtedly gave Kumho more than 400 million US dollars in cash. This would be considered a fortune and completely crushed Microsoft's efforts to suppress the global music online equity.

The senior executives of Kumho have been struggling with the lack of funds. If they can successfully reduce their holdings of Quantung Online stocks this time, and Microsoft will pay the equity merger and acquisition funds of Global Music Online, Kumho will increase its cash by almost $1.67 billion in a row. Even if Zhongjing Microchip builds two new wafer factories, Kumho can still assume his capital contribution obligation.

Ye Jianbin, Chen Xinsheng, Su Jindong and others were so excited that they couldn't sleep for no reason.

Quantung Online's stock price soared overnight, and Yan Wenjie was both jealous and envious. Who would have thought that the websites founded by Tsinghua students today's market value exceeded US$2.7 billion. Not to mention the investors hidden behind Quantung Online, those founders also had a huge increase in wealth. Ma Xiangdong's stock with a net worth of over US$90 million has become a hot topic of media pursuit today.

The facts time and time again remind Yan Wenjie that his previous plan was too conservative.

After ESS announced its share reduction plan, Quantum Online's market value was still more than US$2.7 billion, Amazon's market value exceeded US$26 billion, and Haisu Technology has themes such as e-commerce, Internet cafe industry, software industry, wafer manufacturing, etc. Even in the domestic stock market, there is no reason why the market value is not as good as Quantum Online, which has only burned money so far.

Although Haisu Technology's market value has increased to 5.8 billion at this time, this is almost the market value target set by Yan Wenjie when he formulated the plan. Now it seems that it is still too conservative. A market value of more than 20 billion cannot be considered an unrealistic fantasy. Quantum Online is a living example. Once the market value can reach 20 billion, it means that after May next year, they can raise more than 6 billion yuan in one go through the form of publicly issuing new shares.

Having this 6 billion yuan of funds can greatly alleviate the financial hunger problems faced by Hongxin member companies at this time.

Yan Wenjie did not want to give other retail investors or investment institutions the opportunity to intervene in Haisu Technology. As soon as the Shanghai and Shenzhen stock markets opened, the funds under Xintong Securities immediately raised the share price of Haisu Technology to the daily limit. Affected by the positive news of the signing of the bilateral agreement between China and the United States, the Shanghai and Shenzhen stock markets were full of blood.

Xu Si took a bus to Jianye at noon to spend the Millennium Night with Zhang Ke, which most people thought was of great significance. Zhang Ke regarded it as his holiday. When Xu Si went to Jianye, she went to Xinshi Street to have dinner and shop. The streets and alleys were full of festive atmosphere with the efforts of major merchants. When choosing scarves at Oriental International Plaza, Zhang Ke received a call from Tang Jing:

"I really have to thank God. The French lecturer suffered from severe cold last night. I'll rush to the airport now and I'll see you in two and a half hours..."
Chapter completed!