Chapter 226

Chapter 226 is considered a gold mine of scum

Anne meets Jinna's niece, Lulana Korshunova.

Abel went to another place.

He went to San Diego, California.

San Diego is a city on the Pacific coast, located at the southwestern tip of the continental United States.

is the capital of San Diego County, California, and the second largest city and third largest economic city in California. San Diego has well-developed biopharmaceutical and media industries.

CDMA founder Qualcomm is based here.

Pfizer, Novartis, Amgen and other international biopharmaceutical corporations have also set up headquarters or branches here.

But this time when Abel came from Los Angeles, he didn't go to Qualcomm first, nor to those pharmaceutical giants.

He came here to start his own business. At the headquarters of Sempra Energy Company.

April 13.

This day is Friday.

At the request of the company founder, Qixiu Martin.

Every Friday, executives from companies near San Diego return to the company for a high-level meeting. Normally, every Friday, the large meeting room at Sempra Energy headquarters will be filled with people.

In today's spacious, bright and luxurious meeting room.

Of the moderators present, there were only two or three kittens.

It is also the type of CEO who has close ties to the Martin family and is so close that they are inseparable.

Sempra Energy's current CEO and president, Qixiu Martin, entered the conference room with his secretary. Look into some meeting rooms.

Qixiu Martin suddenly frowned and asked the people around him in a low voice:

"Why are there so few people here today??"

"Everyone was notified, but these were the only ones who came."

The secretary quietly muttered.

Qixiu Martin felt the matter was over.

All he could say was, "The meeting was on time."

Having finished speaking, Qixiu Martin walked to the main chair at the head of the conference table and sat down.

Just as he was about to talk about a meeting. There was a bit of chaos in the lobby, reception area, and upstairs hallway where the conference room is located.

"Sir, I will inform you first, sir."

In the hallway outside, some Sempra Energy employees wanted to prevent outsiders from entering.

"Out of here." At this time, a middle-aged man wearing a suit and leather shoes walked over.

Alan Baker picked up a participation document and opened it in front of these people.

When these people were stunned, Lincoln and Johnson, two bloody men, pushed away the staff blocking the front passage. In the hallway of Sampra Energy Company's headquarters, many people looked curiously here.

The large group of people left.

Although there were many people looking curiously at this time, no one came forward to stop him.

Because they were in the crowd and saw Abel Smith.

Click-

Both meeting room doors opened at the same time. Abel with a slight smile on his lips entered the meeting room first.

"You are..."

The people in the meeting room were a little confused.

Qixiu Martin was even a little uncomfortable, gloomily looking at the familiar young man leading the way.

After recognizing Abel, Qixiu Martin was stunned for a moment, knowing that the situation was truly over.

Several executives close to the Martin family stood up and wanted to say something. Alan Baker, the person behind Abel, walked in, took out the stock certificate and waved it in front of everyone, then said in a deep voice:

"My client, Mr. Abel Smith, has completed the acquisition of 68.69% of the shares of Sempra Energy Company."

"The shares have exceeded half, Mr. Qixiu Martin, you are no longer qualified to sit on the throne as chairman of the board of directors."

Qi Xiu Martin suddenly stood up with a pale face and placed his hands on the conference table.

Abel smiled and walked out, waving his hand to stop Alan from continuing.

"With 68.69% of voting rights, I ask the president to run for re-election. Who agrees and who opposes me being president?"

Abel had a gentle smile on his face, but his eyes were extremely sharp.

Abel looked at no one else but Qi Xiu Martin. Because the entire Sempra Energy Company only has two shareholders left.

It's all in this meeting room.

The meeting of the two is a real meeting of shareholders.

The corner of the current president's mouth twitched, the blue veins on his forehead appeared, his hands clenched into fists, looking at the tall and handsome Abel Smith. Bo said:

"Congratulations to Mr. Smith on becoming Chairman of Sempra Energy."

While speaking, Qixiu Martin unfortunately left his seat, abandoning the most important chair. Abel without hesitation stepped forward and shook hands with Qixiu Martin: "Thank you! Please support me more in the future, I believe we will have a very happy cooperation.

Qi Xiu Martin means I will never cooperate with you.

It's just that the situation is stronger than others, the old man also knows that saying such cruel words is useless.

just pissed off this terrible young man.

Qixiu Martin's choice is silence.

After Abel sat in the main seat, he looked around. Then Abel smiled and said to Alan Baker who was walking beside him:

"You can let these gentlemen in. Sempra Energy is not just my company and Mr. Qixiu Martin, Sempra Energy is everyone's company."

Alan Baker smiled respectfully and nodded, took out the cell phone in his hand and called.

"Let these gentlemen in." Alan Baker said after calling.

Abel smiled at Qixiu Martin and the others sitting down with a pale expression:

"Wait a minute, they will be here soon."

Watch Abel do this to Alan Baker.

Qixiu Martin's heart trembled, and a thought arose in his heart that made Martin feel very uncomfortable. It quickly turned out that this idea was not an idea at all.

It really happened.

I saw the door leading into the spacious, bright conference room five or six minutes after Alan Baker called.

A large number of the original Sampra Energy's executives, led by General Manager Delevingne, entered the meeting room one after another.

When Qixiu Martin saw General Manager Delevingne, he couldn't help but whistle and roar:

"Draven York! No wonder the phone couldn't be reached so you betrayed me!"

General Manager Delevingne turned around and smiled at Qixiu Martin and said confidently:

"Sorry, Mr. Martin. I have never been faithful to you. I am only loyal to Sempra Energy, the company that pays me. Now that you are no longer the president, I will of course obey the new president's orders!

"Draven! » Qi Xiu Martin gritted his teeth.

The general manager did not pay attention to Qixiu Martin, he stood in third place in front of Abel and greeted Abel respectfully.

"Mr. Smith, hello. No, Chairman Smith, good morning.

Abel smiled and waved his hand: "Sit down. Delevingne, Sampra Energy cannot do without you."

Delevingne immediately brightened and sat happily.

Other Sempra Energy executives who were arriving behind also took turns welcoming Abel.

After receiving Abel's answer, they sat on both sides of the conference table.

Initially, when Qixiu Martin held a meeting, only two or three company executives brought kittens. At this time, they had all arrived, all the seats in the entire meeting room were full.

So much so that the group of advisors and bodyguards brought by Abel could only stand firm.

"Alright."

Abel smiled and said:

"It seems like everyone has arrived. Next, I declare, the first leadership meeting of the new board of directors has officially begun."

"First of all, I am announcing that Delevingne York will remain as CEO with the same job and responsibilities."

"Monday.."

Abel clapped his hands, behind him was a woman about forty years old, wearing a business suit.

"I announce the appointment of Ms. Mary Choxie as the Company's Chief Financial Officer, responsible for financial affairs."

Mary Choksi nodded slightly to everyone with a smile on her face after Abel finished speaking. The original CFO of Sempra Energy sat next to Qixiu Martin with a pale face.

The original CFO was also named Martin, Qixiu Martin's nephew.

The chairman of the board of directors has been replaced and it is not possible for someone from Martin to fill this important position.

Abel continuously announced the appointment of other leaders.

Everything else Qixiu Martin had in the company could be said to have been wiped out. Finally, Abel smiled and said:

"Finally, considering Mr. Qixiu Martin's strong working ability and project development ability, I plan to add a mainland China area on the Huaxia side."

"I would like to appoint Qixiu Martin as president of Sempra Energy's Greater China region. Mr. Qixiu Martin, are you willing to shoulder the burden of helping the company expand its territory!

Suddenly everyone in the meeting room looked at Qixiu Martin.

Under the gaze of many eyes, Qixiu Martin gave a forced smile.

Qixiu Martin stood up and began to act expressionless: "I resign." I'm sorry, Mr. President. I give up."

"OH." Abel smiled: "I agree. But Mr. Qixiu Martin, he is the second largest shareholder and owns 31.31% of the company's shares. I think you better listen to the next content."

Qixiu Martin's expression became even worse, he stood far away and looked at Abel.

"On behalf of the shareholders of Sempra Energy, I would like to chair the general meeting of shareholders."

Abel smiled and looked at Qixiu Martin. "The shareholder meeting will decide the distribution of the company's profits for the next ten years."

"My suggestion is for the company to develop better. In the next ten years, the company will no longer distribute profits. Anyway, we have delisted ourselves and are no longer a listed company. "

"Okay, let's start voting. With 68.69% of the voting rights in hand, I support the decision of this congress!"

"Mr. Qixiu Martin, as another shareholder, it's your turn to vote."

Everyone in the meeting room turned their attention to Qixiu Martin again.

Qixiu Martin's whole body trembled, looking at Abel with a pale face. A few seconds later, Qi Xiu Martin raised his hand: "Mr. Smith, I am willing to sell you 31.31% of the shares for 58 USD per share."

Abel thought it would be better if he cooperated earlier like this?

It's a waste of my time to come here and perform like that and be the bad guy in front of so many business leaders.

"I agree." Abel smiled.

In this regard, 100% of the shares of Sempra Energy Company fell into the hands of Abel Smith.

Abel spent a total of $17.1 billion to take complete control of Sempra Energy. Additionally, it took $14.5 billion to control 51% of California Pacific Electronics' shares.

Investment in these two energy companies reached 31.6 billion USD.

But in reality, he did not pay such a large amount of money himself.

Because 51% of California Pacific Electric's shares are invested by the US Pacific Bank of Commerce.

The US Pacific Bank of Commerce is a shareholder in this company and holds the money of the bank's customers. In other words, Pacific Electric Bank of America uses customers' money to invest in Pacific Electric.

The same goes for Sempra Energy.

With an investment of 17.1 billion USD, Abel himself contributed only 7.1 billion USD.

The remaining $10 billion all came from loans from Pacific Bank of Commerce.

With a total investment capital of 31.6 billion USD, Abel only withdrew 17.1 billion USD in cash. This is the advantage of having your own bank.

As long as these customers trust Pacific Bank of Commerce and Abel, its president.

In this mode he can continue playing.

Sampra Energy will immediately begin its merger with Ales Energy.

Reorganize and make internal adjustments at the same time. Sempra Energy also officially changed its name to American Pacific Energy.

Its name is similar to California Pacific Electric.

But "Pacific" is a common brand, anyone can use it.

In addition, Abel himself is also the president of California Pacific Electric.

Of course, Pacific Electric will not express dissatisfaction with the Sempra Energy name change. Pacific Electric did not make any statement, so other companies named Pacific Ocean will naturally not react.

Pacific Energy was officially established.

Monitoring is the company's internal integration and adjustment.

This will last about a month or so.

One month later, after removing the influence of the two founding families, the Martin family and the Taylor family. Pacific Energy will officially become the company where Abel will have the final say.

One of the troikas envisioned by Abel has also officially set sail.

Additionally, after Abel acquired Sampra Energy Company, he did not immediately leave San Diego.

He had just left downtown San Diego and headed to the suburbs of San Diego.

More precisely, Abel arrived at a complex of buildings on the outskirts of San Diego. The buildings in this group of suburban buildings are generally not tall.

The tallest main building is only 10 stories high.

The shape of this building is still very strange.

Enter the first and second floors of the building's lobby and the words "Qualcomm Patent Wall" are written in blue letters on the wall.

There are 1395 CDMA patents on this wall. But that number only accounts for 1/10 of Qualcomm's "patent resources".

Abra's headquarters were the headquarters of Qualcomm, a very weak communications company at the time.

Qualcomm in 2001 could be considered the worst year since its IPO in 1991.

But in fact, since 1999, the situation has become difficult.

In 1999, Qualcomm's stock price peaked at $77 per share and the company's market value exceeded $35 billion. So let's start diving.

Today, two years later, Qualcomm's current stock price is just $5.34 per share.

This has a few reasons.

One is that Qualcomm's financial reports are not good, two are related to the Internet bubble burst last year, and two is that Qualcomm's CDMA is not currently mainstream.

At a time when feature phones were still immature, Qualcomm's mobile patents were too advanced. Qualcomm's total registered capital is about 550 million euros, and its current total market value does not exceed 2.6 billion US dollars.

in this case.

All of Qualcomm, including founder, chairman and CEO Irwin Jacobs.

Of course, when Abel arrived, they were all in a state of warm welcome.

When Abel arrived at Qualcomm's main building, all the senior executives of the entire Qualcomm company ran to the door to welcome him. ". This is Qualcomm's famous patent wall.

Entering the first floor hall, Abel raised his head to look at the green wall, smiled and said to Owen Jacob who was respectfully next to him:

"This is truly an admirable scientific research enterprise."

Don't look at the latest incarnation of Qualcomm's patent thugs.

By retaining the patent, it can collect patent fees anywhere in the world.

But that's because it's 90 to 10 years old, almost 20 years of accumulated patents, so it's possible that this patent thug.

Before patent fraud, Qualcomm almost went bankrupt many times due to excessive investment in scientific research. As in recent years, Qualcomm's annual investment in scientific research exceeds 15% of total revenue.

That's not 15% of profits but 15% of revenue. It can be said that more than 60%, even more, of profits are invested in scientific research.

At its peak, Qualcomm's investment in scientific research reached 21.5% of total revenue.

Such investment in scientific research led to the emergence of later generations of patent hunters.

It can be said that this year and next year will be the most difficult two years for Qualcomm.

Especially next year, Abel remembers that its stock price even fell to more than -3 dollars at one point.

That is to say, its stock price was negative at that time.

Of course, the stock price cannot really be negative.

This situation occurs because the U.S. stock market has a tradition of "poor company performance, high stock dividends". This means that when the company is not doing well, dividends will increase to dampen the stock price. The company's revenue is falling and its dividend remains high.

After the complex recovery and expiry process is completed, negative stock price information appears on the dashboard.

This usually only lasts a month or two, and as long as the business is profitable, it gradually returns to normal.

Of course, if there is no profit in tracking. This company may then be on the verge of bankruptcy.

This type of situation will only appear in companies that are in bad shape.

Otherwise, the company will have a negative share count due to dividends.

Over the past few years, Qualcomm has been a very dynamic company.

After all, how could people in 2001 and 2002 know that just ten years later, the booming Internet would be quickly replaced by the more powerful mobile Internet? No one knows except Abel, the traveler.

So Qualcomm is a company.

It will naturally be considered a garbage dump from now on.

As everyone knows, behind this hole there is actually more and more gold being dug. The more you dig, the more valuable the gold becomes.

(end of this chapter)