Chapter 305: Bruce’s Angry Roar
Translator: Nyoi-Bo Studio Editor: Nyoi-Bo Studio
Xing Hai Technologies actually became a major shareholder of this high-tech company. This was a very astonis.h.i.+ng event, which led to many discussions on the internet.
“A few years ago, Botong Corporation planned to acquire Qualcomm. It quoted a price as high as $130 billion. However, it was coldly rejected by Qualcomm. But now, it has so joyfully accepted the acquisition by Xinghai Technology and sold itself very cheaply. So the bride price can be so drastically reduced if the groom is handsome?”
“He used 80 billion to buy up 40% of the shares. Isn’t that too cheap?”
“Xing Hai Technologies got a steal; it has the rights to freely use tens of thousands of communication patents. Of course, Qualcomm is not a loser in this scenario either. It is climbing upwards via this big tree called Xing Hai Technologies. The benefits for Qualcomm will far exceed the shares it has sold.”
“It’s kind of out of the nature of Xing Hai Technologies to do this. It has a good partners.h.i.+p with Hua Yao. Now Hua Yao will be upset.”
“Hua Yao: Hey hey, we were having such a joyful time just moments ago. You grew to be suspicious of me in the blink of an eye. You’re so bad. I’ll hammer your chest with my little fists.”
“Hua Yao: Yesterday, you called me ‘sweetheart’ too. But you’ve changed your tune today by calling me ‘Madam Hua.’ What a heartless rat.”
“Hua Yao: Hey hey, please don’t leave me. We must continue to be each other’s angels.”
Netizens started creating many spoofs of this incident. It was originally only typical business news. But with the sensationalizing done by a few old hands, the news suddenly radiated a filthy vibe all around. Of course, public opinion generally believed that Xing Hai Technologies’ decision was wise. It directly inserted itself in the huge communication industry with very little cost.
Some commentators even pointed out that Qualcomm gave up 40% of its shares at a price significantly lower than its market price. It was an attempt to hold onto the st.u.r.dy support of Xing Hai Technologies. It seemed to have the intention of then using the power of Xing Hai Technologies as support to jointly seize Hua Yao’s market share. The intention… One had to admit this move by Qualcomm was very sinister.
Of course, Hua Yao also inferred this point. Therefore, on the day when Qualcomm and Xing Hai Technologies announced that they reached a strategic cooperation, the mobile phone in Ling Jundong’s pocket immediately rang. He received a call from Zhao Ming, the CEO of Hua Yao.
He could hear that Zhao Ming was majorly p.i.s.sed. He blamed and rebuked Ling Jundong over and over. “CEO Ling, this is such an important thing, why didn’t you discuss it with us first? Even if you didn’t want to discuss the matter with us, you should at least have let us know in advance! You have settled on a partners.h.i.+p with Qualcomm without a peep, causing rumors and speculations to abound on the Internet. There were even claims that Hua Yao and Xing Hai have broken off collaboration. It’s not that I’m concerned about these malicious speculations, but everyone involved is a Z company. We must be united and cannot let outsiders see us as jokes.”
“I’m sorry, CEO Zhao, I am very sorry.” Ling Jundong repeatedly apologized. “We were inconsiderate. Indeed, we really should have given you a heads up in advance, but we didn’t pay much attention to this issue. It was neglectful of me to do so. I apologize again.”
The flames of Zhao Ming’s anger flared even higher. “How can such an important thing be overlooked? Xing Hai Technologies can collaborate and partner with any company, Hua Yao will not interfere. But we must pay attention to the impact on the internet, and we must pay attention to our unity! What’s more, Xing Hai Technologies is the founder of the Star Alliance and the Xing Hai Computer Alliance. Your company is a leading ally. How can you ignore this issue?”
Ling Jundong repeatedly said, “Yes, yes, yes, unity. We, Z country enterprises, must unite!” He promised, “We will not commit such mistakes again. Xing Hai Technologies must abide by the obligations of the leading ally and never destroy our unity!”
With this, Zhao Ming finally stopped his relentless scolding, and they matched their wills against each other again as they beat around the bush in an attempt to persuade and manipulate the other party. In the end, Zhao Ming could not help but say, “CEO Ling, it’s better if you call off your collaboration with Qualcomm. Don’t partner with foreigners. It’s too much to spend 80 billion in one go. It’s better to give this money to Hua Yao. Hua Yao will give 5% of its shares to Xing Hai Technologies in exchange. Xing Hai Technologies would also have free use of our tens of thousands of communication patents. Fertile soil should not be given to outsiders to sow. Why give such a good deal to the foreigners? CEO Ling, this is a big deal. Don’t act carelessly.”
“I know, I know.” Ling Jundong said with a bitter smile, “But the contract has been signed, much of the 80 billion of cash has been transferred. The penalty fee for the breach of contract is very high. It really can’t be canceled.” However, he ridiculed in his mind, CEO Zhao, are you bullying us because you think we are poor at mathematics? 5% of the shares compared with 40%. A smart person knows how to choose.
Speaking of unity, Qualcomm could actually be considered as a Z country company. In addition to the main executives, more than 90% of the employees and technicians of Qualcomm were all Z citizens. The majority of its shares were also held by Z citizens. There was no need to overthink this issue.
“Penalty fee? Do you want to borrow money from Hua Yao to pay the penalty fee? CEO Ling, please give a call to President Chen about this. Don’t be careless.” Zhao Ming still had not given up on this matter.
“Know, I know, I will call President Chen.” Ling Jundong shook his head as he patronized the Zhao Ming. Then, he ended the call.
One did not have to think too hard about it to know that if Xing Hai Technologies only collaborated in-depth with Hua Yao, Hua Yao would become more and more powerful in the field of communications. Eventually, it would defeat all its opponents and become a gigantic monopoly. In fact, this was no good for anyone. No one would be able to resist if Hua Yao also wanted to play the gangster. This was somewhat alarmist, but who could predict the future? Was it rare for one to evolve from a good and brave man to an evil demon king? It was still better to have one or two compet.i.tors in the market.
Therefore, Xing Hai Technologies would always hold this playing card of Qualcomm in the palm of its hands.
…
Besides that, the news that Xing Hai Technologies became a shareholder of Qualcomm also spread overseas. A 23-year-old man, Tom Bruce, noticed the news on the web portal. He was immediately taken aback.
“Our best technology company has been bought by the Z people? The buyer is the major robber, Xing Hai Technologies, who has stolen our most advanced ‘intelligent learning technology’? d.a.m.n! The abominable Z country company has stolen our top technology. And now they are even using the money they earned from our technology to buy our Qualcomm?”
Tom Bruce was so angry that he was out of it. In his heart, he shouted, The despicable Xing Hai Technologies, stop what you’re doing right now!
In the process of reading the comments, Tom Bruce saw a lot of rants similar to his thoughts. He saw a post that was forwarded from an unknown source. The t.i.tle of the post was “The traitor of Merica, and the three sins of Qualcomm in detail.” After seeing the contents of the post, Tom Bruce’s eyes widened, his breath became heavy, and his chest trembled violently.
This post said. “Qualcomm is a traitor! They sold their bodies and souls to the Z people! Fruit company was once the world’s largest mobile phone company. Fruit company sold 40 million Fruit mobile phones in the Z country market. At least 100 million Z people are fans of Fruit mobile phones, bringing us tens of billions of profits every year. However, Qualcomm used patent lawsuits that were based on groundless accusations against the Fruit company, allowing Z country to find an excuse to ban Fruit company. This has caused us to lose hundreds of billions of dollars. Although Z country has lifted the ban, the lost market share can no longer be recovered, now fruit the Fruit mobile phone’s share in Z country’s market is less than 1%. It is Qualcomm who let our proudest technology company fall into decay in Z country. Last year, in order to please the Z nation lord, Qualcomm moved its headquarters to Z country. What is even more surprising is that Qualcomm’s only charged 5% in patent fees for its 5G chips in Z country. But it’s charging 8.5% in Merica. That’s right. Qualcomm chips are more expensive in Merica than Z country, Qualcomm is taking our money and subsidizing the Z people! Now, Qualcomm has sold itself to the Z nation and given tens of thousands of patented technologies developed by engineers from Merica to the Z people on a silver platter. This would enable the Z people to become more powerful in the field of communication technology, Z people will use those technologies even more unscrupulously and steal our privacy. Qualcomm has destroyed our greatest Fruit company; they have used our money to subsidize the Z people; they have given tens of thousands of patents that our engineers have developed over the past few decades to the Z people. This company has done countless unimaginable deeds. Even in the Z country, it even has the t.i.tle of “Z Empire’s Conscience,” the company’s executives are all yellow people wearing white skins! Friends, what should we do about such a company?”
At that point, Tom’s eyes were burning with rage. He was so furious that he trembled all over and his face grew red. He shook as he placed his hands on the keyboard. He quickly typed a line of words and sent out his angry roar. “I swear, I will never buy any products related to Qualcomm ever again!”