Vol 3 Chapter 210: Back, or stay

With the birth of the little guy, Feng Yiping's exchange career in the United States is coming to an end. ...The vertex novel, x.

Although it was the last class and one less class, Feng Yiping was not active in this class, although this class on company mergers and acquisitions taught by Professor Black was also very helpful to him.

The content of each class of Professor Blake’s subject is very solid, mainly because in the past few years, when the Internet bubble had not burst, the big companies with too much money played the same game. Money, gave Professor Black too many examples.

For example, the largest and most failed merger in the United States, in 2000, AOL and Time Warner merged, and the total value of the two companies reached 350 billion US dollars! Properly the company with the largest market capitalization in the world at that time.

You must know that more than a decade later, when Apple's market value was at its highest, it was only about $500 billion.

However, it was almost a merger. The two originally good companies immediately began to decline. In April this year, their financial report created the largest single-quarter loss in the history of the United States, which is estimated to be the largest in the history of the world, of 54.2 billion. Dollars! The debt has reached 28 billion US dollars.

Comparing these figures, Feng Yiping suddenly felt that he was so poor, so poor, so poor!

The stock price has dropped from close to US$100 two years ago to less than US$10 today. Feng Yiping hates that he is not caring about these things, so he missed such a good short-selling opportunity.

Professor Black has talked a lot about the reasons for this situation after the merger, and everyone has also expressed a lot of opinions, such as management conflicts, failure of corporate culture integration...

But Feng Yiping believes that these two companies. It can only be said that the fate was ill-fated. The timing of the merger almost coincided with the burst of the Internet bubble, followed by 9/11. That terrorist attack also dealt a great blow to their stock prices.

but. Such a view is naturally difficult to publish.

In one word, didn't it happen that foreigners' views of China's backwardness and ignorance were confirmed?

During this period of time, Yahoo was also very willful. In 1999 alone, it acquired Hehe for 5.7 billion U.S. dollars and 3.56 billion U.S. dollars.

These two mergers and acquisitions did not get high returns like it later bought shares in Ali, and spent high prices on these two projects. Now it seems that all operations have failed, and more than 9 billion US dollars have been lost in this way.

It seems that Yahoo's subsequent decline must have something to do with its current willfulness and impulse.

They also analyzed many reasons for this, but for Feng Yiping there is only one, that is, don't panic when there is a lot of money. Don't be too hot, just hold it in your hand for a while.

anytime. More cash in hand is a good thing.

Microsoft also contributed a case, but it is still relatively cautious. It was acquired for US$400 million in 1998, although it is still operating normally. Finally, it disappeared from Microsoft's product series, but as a whole, after all, it has been in operation for more than ten years, plus this comparison, it is not too much. This merger is almost a success.

It seems that as a legal person, the character of a company also seems to determine their destiny.

For example, although it also missed the mobile Internet, Yahoo plummeted, and Microsoft could support Gates to become the richest man almost every year.

For a company like Jiasheng, what determines her character? The main reason is the character of Feng Yiping, a single major shareholder. These cases can be regarded as a wake-up call for Feng Yiping. If you want to realize your aspirations and build a century-old company, you cannot rely on your own foresight and let the company's character Becomes impatient and impulsive.

In addition, Feng Yiping was also a bit sincere to help the later father of WeChat. Unfortunately, he developed it and sold it in 2000 for only 12 million yuan. In the previous two years, the price was 200 times that of it.

You said, if Mr. Zhang also sold his software for hundreds of millions of dollars, would he have the motivation to develop WeChat later?

The last case was founded by former Apple’s Gil Amelio, who spent $429 million to acquire Steve Jobs. Then, he was sadly driven out of Apple by Jobs, who he paid a large price to bring back.

During the discussion, Hahn asked Feng Yiping with a smile, "Feng, what is your opinion on this case?"

This guy is not kind, he knows the relationship between Feng Yiping and Jobs, he is digging a hole!

"I think Amelio is doing the right thing. Apple can slowly get out of the trough. I want to thank him for this merger." If Jobs heard this, he should be satisfied!

"I think Jobs did the right thing. When it's about corporate interests, you shouldn't care about some personal interests," said Jenna, the only female in the group.

It's worthy of being an intern at the White House, and someone who has personally experienced Uncle Sam's style of acting is really a bit cruel.

Professor Blake walked over with a smile, "Feng, are you interested in officially applying to our college? If you have this idea, I think I can provide some support."

The professors of the school have more sources of information than students. They all know Feng Yiping's actions after he arrived in Silicon Valley. Now no professor dares to underestimate this young Chinese exchange student.

"Thank you Professor Black. I have learned a lot from my study this year. I am willing to continue my studies here. However, as you know, professor, I have a lot of things in China, so I still need to think carefully."

What Feng Yiping said was not a polite remark.

Stanford Business School, both in terms of faculty and curriculum, is stronger than the current Tsinghua School of Economics and Management, and its teaching methods are also very different.

Not to mention others, just talk about some courses. Tsinghua certainly does not update as fast as Stanford.

The case that the SEM will analyze may be ten years ago, and because of this and other reasons, some classic cases may not be mentioned.

The Stanford case will not exceed five years at most. There are no taboos when choosing. Naturally, the latter is more helpful and inspiring for students.

"Well, think about it. I personally look forward to it. If you stay in school for another year, what measures and results will you have?" Professor Black said with a smile.

Staying for another year will naturally have something to do. For example, after doing so much preparatory work, Tesla, which will be founded next year, will definitely need his participation.

It seemed that it was an appointment. After class in the afternoon, Dean Levitt came to see Feng Yiping again, "Feng, the school year will be over. Are you interested in transferring to the college to study? If you agree, I can help you handle all related Matters,"

Why are you so passionate~www.wuxiaspot.com~ Is this trying to make me proud?

In fact, prestigious schools and well-known graduates also have mutual backgrounds. For example, ordinary Stanford students will say that their alma mater is Stanford, and Stanford will inadvertently say, what, HP, Google or something, their founder, They are all cultivated here.

What Feng Yiping did at Stanford this year, and what he did before, let these professors and administrative officials know that this guy, at least in the business world, will not be an obscure guy in the future, and it is worth doing some hard work to win over. A handful.

"Thank you for your kindness with the college. Professor Black also mentioned this question. I personally want to do it. However, I must also consider other factors. Can you give me some time,"

"No problem, one more thing, I want to say, if you decide to stay, you are already eligible to apply for our scholarship," Levitt said.

He knew that Feng Yiping would definitely not care about this little money, and he would never apply, but it was enough to express his sincerity and the college.

So, whether to return or stay, this is a question. (To be continued.)