Vol 6 Chapter 777: Review and sort out

The NEXTDOOR campus, also from top to bottom, came to Feng Yiping's office again, with the spirited and complacent Cummins.

When he saw the young boss looking out the window and meditating, he immediately felt that his new proposal might not be supported by the boss.

"Oh, Cummins, please sit down," Feng Yiping looked at his watch and closed the thick file folder on his lap. "The proposal to acquire the zipline is very constructive."

Cummins understands better that the boss does not approve of this proposal.

"But for some reasons, I decided not to consider this merger for the time being,"

Of course Cummins was a little disappointed, but immediately stated, "I fully support your decision, boss,"

"Frankly speaking, their asset situation is really bad."

According to the information they have, the total amount of the company's asset list is 3.84 billion U.S. dollars, but the total debt is close to 2.4 billion U.S. dollars.

"Thank you," Feng Yiping also took him a bottle of water, "This is one aspect, but it's not the main reason I decided not to consider it for the time being,"

"First of all, it is the difficulty of the acquisition. Taking into account the shareholders of Zipline and our good friend in Japan, Mr. Sun, I believe that it will be very difficult to acquire Zipline."

Zipline is a company established in 2003 by AMD and Fujitsu to integrate the flash memory business of the two, each with 50% of the shares.

Although AMD increased its holdings to 60% and was listed on NASDAQ at the end of 2005, Japanese shareholders are still one of its major shareholders, and Japanese assets are also important assets of Flysot.

Feng Yiping fully believes that Sun Zhengyi, who is currently in the $51 billion pit of Yahoo, will never let go of this opportunity to embarrass him.

Cummins nodded, "Yes Feng, you are right, sorry I didn't take this factor into consideration,"

He also knows that Mr. Sun. Taking his as a person and considering the status quo of Yahoo!, he also believes that as long as they express such wishes, Mr. Sun will definitely try to set up various options for them. obstacle.

"But speaking of it, this is not the main reason why I decided not to consider the acquisition of Zip Line," Feng Yiping stood up, "Cummins, have you considered why AMD would divest its flash memory business?"

Cummins thought for a while, "You mean, they are not optimistic about it?"

No company will spin off its promising business.

Feng Yiping was very pleased that his subordinates were so agile, "Yes, I think this is the reason they divested this part of the business,"

"I think you can see that in the flash memory chip industry, the price of products is almost directly determined by factors such as the manufacturer's production scale, labor, raw material costs, and advanced manufacturing technology. Therefore, Asian manufacturers, like Samsung, have their advantages. Obviously, the old European and American factories like Zip Line are at a disadvantage."

Cummins followed Feng Yiping's gaze, "Just like the cost disadvantages of Qimonda and Samsung in terms of memory,"

"Yes," Feng Yiping sat down. "In addition, Ziplink's flash memory does not have obvious performance advantages when competing with Samsung and other Asian manufacturers. That is to say, they have already long been in process and manufacturing technology. Does not have an advantage, so the operating conditions of Zip Line will be as bad as it is now."

"The reason for the acquisition of Qimonda is because we urgently need its memory chip technology and related talents. You know, Qimonda’s flash memory technology, although there is a gap with Zip Line, is already good. Foundation,"

"I think this is also an opportunity for the R&D team we are forming to carry out technical research accordingly."

Cummins immediately said, "You are the right boss, even if we are paid to use the patents of the zipline, we really don't need to invest so much,"

Feng Yiping looked at him. In any case, this is a subordinate who makes himself worry-free. "So under such a premise, I feel that the acquisition of Zipline is expensive, especially considering most of its nearly 9,000 employees. In countries with high labor costs like the United States and Japan, it’s not necessary."

"I understand Feng," Cummins stood up, ready to leave.

He knew that Feng Yiping returned to the park on the first day and worked a lot.

"Don't worry," Feng Yiping motioned to him to sit down, "I was thinking just now, Cummins, do you think we have taken too many M&A measures from last year to now?"

"Since last year, we have indeed done a lot of mergers and acquisitions, but Feng," Cummins looked at him, "we all know that all the mergers and acquisitions we have made are very necessary."

"I know, I know Cummins," Feng Yiping motioned to him not to get excited, "I'm just worried that I might be a little too aggressive in mergers and acquisitions. I hope that you can remind me in time in this regard."

"I will be the boss, but I am sure that there will not be such an opportunity. Your decision-making in this regard has always been perfect and impeccable."

"Hahaha," Feng Yiping pointed at Cummins and laughed. Such flattery is still comfortable.

"But Cummins, we must learn from Yahoo! They have acquired so many startups, but few of them can develop in the end."

"We are now, I think, in terms of mergers and acquisitions, we are going to slow down a bit, and deal with the newly acquired ARM and Qimonda first, so that they can develop as healthy as the company we acquired before and become our new important part. It’s the top priority, what do you think?"

It is of course a good thing to be able to beat Samsung and acquire a company like Qimonda, but Yahoo's prosperity and decline have always reminded him that in this regard, we must be cautious.

Cummins then realized that the boss was introspecting, "I'm sorry Feng, I have always felt that if I buy some companies now, it is a profit, and I did not consider this issue from the opposite perspective."

"Don't worry, I will immediately convey your instructions to everyone, so that everyone can shift their focus to the development of the company that has been merged."

Feng Yiping stood up, held his hand, and patted his shoulder, "I know, I can always get your support,"

After leaving Cummins, he just rejected an acquisition proposal. He couldn't help but think of another acquisition. When will Goldman Sachs and Morgan Stanley complete my other commission?

He looked at his watch, and it was time to go to Google.

…………

Google, Page and Brin enthusiastically embraced Feng Yiping, "Congratulations, buddy, according to the news we got, you did a great job in Germany!"

Feng Yiping waved his hand cautiously, "Small, you all know, I am always so good,"

Before the two started running, he squeezed between them and sat down with his hands on their shoulders, "I don't even look at who my best friends are, how can Samsung compare to me?"

The two turned their heads to look at him, and Brin asked Page, "Do you know when he became so shameless?"

Peppa shook Feng Yiping's hand. "He has always been like this, don't you know?"

"Really?" Brin looked at Feng Yiping earnestly for a few times, and then said with a sudden realization, "I remember, it is true."

"Guys, folks," Feng Yiping smiled and raised his hand to beg for peace, "I'm here to express my gratitude to you, thank you for your care in those reports,"

What he said ~www.wuxiaspot.com~ is of course a Google search about him and Madoff's $5 billion related search.

He believes that the top results of Google searches are highly consistent with Facebook and Twitter, and these two must have done something.

"I don't understand what you are talking about," Page smiled.

Of course they both interfered.

Although doing this is slightly contrary to their persistence, they are not saints, and they are still willing to make such a modification for Feng Yiping.

"By the way, how are the preparations for the hearing?"

"Preparation should be adequate. I don't think there will be any problems, but," Feng Yiping shook his head, "I now feel that the decision to accept Madoff's investment was somewhat ill-considered."

Page glanced at Brin, "Feng, speaking of it, this is exactly what we want to talk to you. We know your intentions, but there is really no need to provoke such trouble,"

"Feng, if you can reflect like this, I am really happy for you," Brin also said, "The financial industry is an industry that can bring high profits. You are comfortable in this industry, but you know the news. At that time, I was really worried that you would have the same problems as those on Wall Street."

"It seems that I think too much. Congratulations, buddy. I'm glad you can still be so clear.

Feng Yiping thought about the mess in terms of feelings, "No way, some things can be unconscious, but some things must be sober."

"By the way, are you free tomorrow, dinner, please!"

Brin's hand fell heavily on his shoulder, "It seems that you are also very clear about this matter, we are very pleased!"

Feng Yiping looked at him helplessly, when did this guy speak in my tone?

Maybe that's how good friends are?