Vol 5 Chapter 1215: Think carefully

Whitman's voice didn't sound friendly, full of inquiries.

Feng Yiping tilted his feet on the table, "Tsk, this is the Whitman I am familiar with,"

The ferocious Whitman, hearing Feng Yiping's words, almost blurted out, "Are you cheap? Don't you see anyone talk to you?"

But think about the connotation of Feng Yiping's words, think about those things he did before, it seems that he is right?

However, this is not the time for self-reflection. She suppressed her anger and asked Feng Yiping in a low voice, "Don't you think that our offer is full of respect and sincerity to you?"

Even though she restrained this time, there was still a bitter chill in her voice, just like the winter that had just passed.

"Respect and sincerity? Sorry, I really can't feel it," Feng Yiping shook his head.

"Such conditions, can't you feel our sincerity?" Whitman paused, "Then, I think we can only..."

"Let me ask you Whitman, if we are two years later, that is, in 2007, how many Skype users do you think we can grow to? 300 million, that's not too much."

Whitman didn't speak, of course it wasn't much.

In fact, according to the current pace of Skype's development, according to their team, they are currently discussing the issue of access with several countries at the same time. By the end of 2006, it seems not difficult to achieve this goal.

"If then, we can also achieve profitability, do you think we can put it on the market?" Feng Yiping continued.

Whitman could not speak, of course it could!

"After listing, even with a 10 times price-to-earnings ratio, this should always be fine,"

That's naturally no problem.

Although the price-earnings ratio of the US stock market is relatively rational, for a high-tech company with a halo like Skype, in any case, it will not only have a price-earnings ratio of 10 times, or 40 times, which is also reasonable.

"How much do you think we can increase costs in these two years? 500 million, is that enough? Let's just count 1 billion,"

That is naturally enough.

Relatively speaking, Skype can definitely be regarded as an asset-light project.

"So, based on your professional experience, you can judge that a company that has more than 300 million users around the world is popular, and the number of users is still growing, and that has achieved profitability, is listed on the Nasdaq, even if It only has a P/E ratio of 10 times. What should its market value be?"

"Do you think there will be only 5 billion?"

Whitman still had nothing to say.

According to so many people’s enthusiasm for Skype, the US stock market’s current enthusiasm for high-tech, especially with Feng Yiping’s participation, with his influence in the world, and his relationship with the American financial community. It’s not difficult to achieve a market value of US$5 billion on the basic disk.

"So, the only key question left is whether Skype will be profitable by then," Feng Yiping said.

"Let me ask you, Whitman, do you think, in two years, can I make it profitable?"

Whitman was speechless.

She believed that as long as Feng Yiping wanted to do it, it would naturally be possible.

Besides, according to the rules of the US stock market, in fact, whether profit can be realized is not a necessary condition.

"So you tell me, this is your respect and sincerity to me?"

"Feng, I believe that as long as you want to do it, you will be able to do it for you..." Whitman's tone softened a lot.

Feng Yiping didn't wait for her to say "but" and interrupted her, "If we plan to hold for two years, do you think that by then, the $4 billion offer is very sincere?"

According to Feng Yiping's description, it can be said to be quite insincere.

"Whitman, although we have always had different views on some issues, I still appreciate and admire your professionalism very much,"

You only say admiration is the best.

"Your determination and courage in leading eBay to become the world's largest e-commerce company is absolutely worthy of your title of Queen of Silicon Valley,"

Whitman, who was holding the phone, sat up straight.

She still didn't know that after receiving so many praises and affirmations from all over the world, she could still be so excited for such a complimentary sentence.

Perhaps it was because before Feng Yiping, he never had the upper hand?

Perhaps it is because in my heart, I really admire what Feng Yiping did?

Perhaps the affirmation from competitors is even more rare? ...

In short, Feng Yiping's affirmation made Whitman couldn't help but think of the impressive compliments he has received since childhood.

However, after joy and happiness, she suddenly became alert.

Compliments from competitors, it is not necessarily pure, or it is extremely possible, it must have a bad purpose, paralysis, that is the first possibility that people can think of.

Feng Yiping praised me at this time to paralyze me and prevent me from seeing the next development of Skype and some fatal problems that I will encounter. So let me agree to the price of 4 billion US dollars?

In the development of Skype, what fatal problems might it encounter?

Whitman couldn't figure it out.

It's not that she couldn't think of it. When they decided to acquire Skype, they naturally made a rigorous risk assessment.

The result of the evaluation is that according to the current development model, they cannot find the possibility of Skype facing fatal problems.

Because speaking, the biggest problem in the development of Skype is the access of various countries. According to the current trend, they have successfully obtained access including some established powers in the United States and Europe, as well as the world except China. In addition, most influential countries have access.

Many of them even took the initiative to discuss access issues with Skype.

After this threshold, there is no need to worry about the development of Skype.

Because it is the same as Feng Yiping's Facebook, basically it does not need to invest much in publicity, and it can quickly develop a large number of users based on everyone's reputation.

And like Facebook, Skype's user stickiness will be very high. The reason is very simple. For both corporate users and individual users, this is a good product that can greatly reduce their communication costs.

As long as you have to call every day, you will use it every day.

Judging from Whitman's understanding, many eBay employees are now inseparable from Skype every day.

This is a good example.

As for profit, Feng Yiping is right, not to mention that it has grown to 300 million users, that is, there are only 200 million users. What can't you do to make money for such a very sticky 200 million users? Is it difficult to achieve profitability?

Besides, the integration of Skype into eBay can bring much growth to the company's main business, e-commerce business?

"In that case, Feng, I want to hear your opinion,"

"Look at Whitman. You know how popular Skype is now. You know better than me. Let me put it this way. If it weren't for the founder, Zengstrom, I would like to sell now. I think, including me, the members of the board, Not many people would want to make such a decision in such a good situation,"

"The reason why Zengstrom made such a decision, I think you can also know that not everyone can be like us, can withstand great pressure, and can have a strong will like us, and The confidence that we will be able to succeed,"

"We can understand the urgency of his eagerness to lock in the current results after a tragic failure,"

Whitman and his staff have also studied this point long ago. If it weren’t for the KaZaA developed before, it would only bring very little return to Zengstrom and his team in the seemingly good situation. And many troubles, they believe that Zengstrom would not think of calling this absolutely phenomenal product and making a shot when the situation is very good.

So at the beginning, they were a little worried, worried that Skype would change their minds.

Besides, there is also Feng Yiping, who is also interested in Skype.

"However, even if it is sold, whether he or I, or other members of the Skype board, hope to find the most suitable buyer for it,"

"I think you know the developer's feelings about their products best,"

But even so, it will not prevent you from pursuing higher offers, Whitman said heartily.

Of course, she can also understand this point. Who wouldn't say such a scene? Who will refuse a better return? In particular, Zenstrom's motivation for selling Skype is to obtain high returns.

Whitman did agree with what Feng Yiping said. Indeed, not all people can be like the two of them, with a high degree of confidence in themselves and in the future.

Just like those Americans who have won big prizes, even though they all know that dividing the huge prizes won into 29 years to receive them year by year is not only more guaranteed. At least you need 29 years, not just a few short years. Squander all that money.

And the amount you get is also higher, because you only need to pay tax on the bonus, not on investment income, and the amount of tax paid on the bonus has been reduced year by year.

But so far, very few people choose to do this. Most people prefer to pay taxes twice, once for bonuses, and once for investment income. In the end, they only get a little more than half of the winnings. cash.

Those people can only be said to be lucky, but they don't have the qualities of success.

"I can see how much you value Skype, but what I admire more is other situations. We know that eBay has also had a lot of mergers and acquisitions over the years. What is gratifying is that those companies that you acquired, Although not all of them can develop well, at least they will not be hailed as the killers of startups like those companies we know."

Whitman knew that Feng Yiping was talking about Yahoo.

"At the same time, as a high-tech company, eBay undoubtedly has the ability to successfully operate products like Skype,"

This is naturally News Corporation.

Relatively speaking, they are a layman on how to rely on the Internet to operate.

In many industries, the most taboo is the layman to guide the insider.

"You also know that at the point where you and I are today, in addition to business returns, we have many other factors to consider. UU Reading www.uukanshu.com"

Although Feng Yiping was rather obscure, Whitman immediately understood what he meant.

At the point where they are now, for example, reputation is indeed an issue that must be considered.

Even if Feng Yiping rejected eBay and sold Skype to Yahoo or News Corporation at a higher or similar price, but the latter two failed to manage it well, this would undoubtedly have a negative impact on Feng Yiping .

"I can't say more. From my point of view, it is actually inappropriate to say these. But who makes me these concerns, maybe not many people can understand?"

"I believe you also understand that for me, for a product like Skype, whether it is owned or sold, it is not a problem. Besides, there are so many companies that are interested in it, including Microsoft."

Originally, these words of Feng Yiping were somewhat suspicious of Whitman. Hearing this, he immediately felt that his concerns were somewhat redundant.

She even felt a little ashamed. She was a competitor who deserved her respect anyway. I wonder if she can say such a thing, is it too bad?

"Feng, talk about your conditions,"

"I want to say that your total quotation is considered to be within our acceptance range. Well, Whitman, I think you have fully understood what I mean. It's up to you where to go, goodbye,"

"Hello?" Whitman couldn't help but yelled, but only a "beep" was heard.

However, don't you even mention how much PayPal you want to invest?

She put down the phone, sat for a while, stood at the window for a while, walked in the office for a while, and finally notified the secretary, "Let them wait for me in the conference room in half an hour."