Vol 3 Chapter 117: Jin Ling's troubles

Feng Yiping and Huang Jingping didn't know at this time, they really didn't live in this house.

But one thing they knew right away was that the plan to go directly from Los Angeles to New York failed. Jin Ling called and said that Silicon Valley has a company worth acquiring.

Feng Yiping hurried back to the Silicon Valley company. In the office, the three of them were already waiting. Mike's face was filled with excitement.

"You propose to buy," Feng Yiping picked up the information and took a look. "San Jose, this is convenient. It was established in 1996. Is it also a map?"

"It's not just map companies. They mainly provide technology for map companies. Yahoo is currently using their services," Mike said. "Although the company is small, with only 30 people, it has strong technical strength and is a big patent holder. "

It turned out to be a technology provider.

Since he wanted to put a foot in this area, Feng Yiping naturally understood some relevant situations.

Different from the later domestic work, which all do their own map sites, in the map industry, Laomei also has a very clear supply chain. For example, it provides map technology and NAVTEQ provides basic data. Then Google combines these technologies and content with The integration of their own search technologies has made Google Maps and launched them on the market.

In other words, such a company does not target end users. No wonder Feng Yiping has never heard of it before.

"We have learned that they can not only provide online maps, but they are also developing a map-based search for hot spots around the technology, which is very suitable for our website." Hong Haoran said.

"Their R&D plan is to plan your itinerary in the future. For example, you can search for places around you to go, provide you with possible route choices, and estimate the distance from where you are to your destination. The time required to drive and walk,"

This Feng Yiping knows, isn't this the LBS that made a lot of noise a year later? Later navigation, and mobile terminal. No one can do without the support of this technology.

It is indeed a good choice!

"What about being acquired? Do they have this intention?"

If they have done a good job themselves and have no intention of being acquired, then no matter how good the prospects are, it will be useless and has nothing to do with them.

"As long as the price is right. I don't think they have a reason to refuse," Mike saw that there was a door. "I have contacted them several times."

"That's OK, Mike, you first contact them and get to the bottom,"

In this era of Motorola and Nokia's feature phone package dominating the world, these technologies. The range of applications is very limited, and they will have simple applications on mobile phones when Nokia launches N95 a few years later.

No one knows how these technologies will be widely used in all aspects when Master Qiao is launched six or seven years later, opening a new chapter in the era of smart phones.

Therefore, when we talk about acquisitions based on the current factors, we don't need to consider too many details. In the long run. This sale will definitely be quite cost-effective.

“In addition, regarding NAVTEQ, their company achieved sales of US$82 million last year. Net profit was negative US$110 million,” Jin Ling said with a folder. “Based on the financial reports of the first two quarters, their sales revenue this year is It has maintained a growth of nearly 20% and its annual sales. It is expected to exceed 100 million U.S. dollars, but it is estimated that this year, there will still be losses. A conservative estimate is also over 50 million U.S. dollars.

"What is the main reason for their loss?" Feng Yiping asked.

"Too many resources have been invested in mapping. Their company's digital maps have covered dozens of countries on six continents. The initial investment is huge. Therefore, they currently welcome new investments."

"Approximate investment?"

"We estimate that 10% of the shares will also require about 50 million US dollars of capital,"

"Then proceed simultaneously," Feng Yiping slapped the table proudly, "Try to get both of them."

"I immediately contacted Carter," Mike, who put forward the acquisition proposal, said excitedly.

If the acquisition is successful, he will naturally be the first to succeed.

Jin Ling stayed, "I feel that I am becoming more and more incompetent for the position of president," she said suddenly with a sense of excitement.

Feng Yiping, who was originally smiling, was still immersed in the big bargains, and suddenly became serious, "You say so? You are incompetent, can you lead the company to develop at such a fast speed? You are incompetent. Can this matter be organized like this? You are incompetent, and the company’s relations in all aspects can be maintained so well? You are incompetent, can I be as free as I am now?"

Jin Ling did not smile, "I seem to be less and less subjective now. Some of your thoughts, I don’t even think about related aspects, and I don’t even have the ability to fill in the missing pieces. According to my original nature, listen. If you think about it, you will think of things related to electronic maps, but I don’t.

When you said that you participate in a map company, even Mike thought about whether it would be possible to acquire a related digital map technology provider, but I still don’t have it."

"You must not say such things," Feng Yiping poured her a cup of coffee, "The responsibility is not with you, but with me," he said seriously.

"It's not that you have no subjective initiative and insensitivity. It's that you don't have time to think about these things. I have explained too many things for you. According to my request, just to carry out these things well, you need you day and night. Work, blame me!" He tried to reach out and pat Jin Ling's shoulder.

"What are you doing? Take the opportunity to take advantage?" Jin Ling's eye circles were a little red.

"So, you don't have to worry at all, you don't have to think about it, you are still you, the strategic managerial talent with keen eyes and outstanding vision, who can meet but cannot be sought."

"Really?"

"Really! You think this is good, the group’s personnel structure, I don’t think we need to make too many changes at the moment, but you should be assigned to the president and a team to assist you in your work. In this way, you can When I have time to consider some directional issues, I found some deficiencies in my assumptions and helped me to do better and more perfect work."

Feng Yiping is really a little nervous now. If Jin Ling picks up her son, then he specifies to live a hard life, how can he stay in school so freely, and even study abroad?

Fortunately, after listening to his words, Jin Ling finally regained his confidence, "First of all ~www.wuxiaspot.com~ Since you have so many plans in the United States, I think it is necessary to set up another team here to manage. It is impossible to summon us from the country every time something happens. It is unreasonable whether it is timeliness or continuity."

Isn’t it? There are more and more things here. One of my own software companies, the new energy vehicle technology company that I invested in the United States last time, and these two possible electronic map-related companies, it is really necessary to establish a company. To unified management.

"You are right. You should do it this way. Then you will do it all at once. Set up the Jiasheng North America office and add a global vice president who will be responsible for all affairs in North America and be directly responsible to you and me."

"Where is the candidate?" Jin Ling asked.

"Mike is not suitable. I don't have a suitable candidate. If you don't have one, then recruit. Anyway, since last year, there are too many capable people who are at home."

"Listen to you, you don't seem to care about these things?"

"Isn't there you? Before the start of school, I must hurry up and take Jingping to get better." Feng Yiping refused to give her a chance to go crazy, and turned to leave. "Sister Jin has worked so hard, just take care of these things." (To be continued.)