Chapter 1003 Joining hands again(2/2)
Five hundred million dollars.
This price is so outrageous that Motorola certainly cannot agree to it.
And even if they can really agree to such an outrageous price, there is no way to pay it. Huawei is not a listed company, so it cannot trade in the form of stock swaps. It can only pay in cash. That is 9.5 billion US dollars in cash. What is Motorola doing now?
Maybe you can get it together.
Looking around the world, there are not many companies that can raise US$9.5 billion in a short period of time.
So now Chris Galvin is also waiting for a turnaround. If there is no turnaround after six months, he may change his target and find other companies.
…
At this time, Huawei's boss Ren Zhengfei was also paying attention to the Deep Space Annual Conference. When he saw Yu Dong announcing that he would cooperate with Motorola, he narrowed his eyes. Apart from a slight surprise, there was neither happiness nor joy in his eyes.
No sorrow.
Motorola sent people to contact him, hoping to acquire Huawei. He was very open-minded and asked the other party for 9.5 billion US dollars. Maybe the other party thought that he did not want to sell, so there was no contact for a while.
But in fact, he really wanted to sell it, but he just asked for a high price first and waited for the other party to pay back the money.
Perhaps many people would not have thought that he would actually sell Huawei, but in fact, eleven months ago, he spoke about "Huawei's Winter" at an internal company meeting, which already explained the problem.
People may wonder, how can it be winter when it is clearly spring and summer for Huawei? They have only achieved sales of more than 22 billion and profits of 2.9 billion this year, which can be said to be prosperous.
But Ren Zhengfei knows that the immediate victory is only temporary, and Huawei's future is still unclear. This stems from the company's successive strategic mistakes.
Huawei established the terminal project in 1994, and was promoted to the terminal business unit in 1996. It developed a series of products such as telephones, cordless telephones, and telephones with recording functions, but they all ended in failure.
As the saying goes, once bitten by a snake, you will be afraid of the well for ten years. Since then, Ren Zhengfei has vowed that Huawei will never develop terminals again.
In 1997, the Ministry of Information Industry proactively invited Huawei to engage in mobile phone business and even issued them a mobile phone license. This was something many companies wanted but could not obtain, but Huawei refused.
Nowadays, China's mobile phone market is booming, especially BenQ Mobile, which suddenly emerged like a super dark horse. Last year, the sales of BenQ S1 alone reached 2.3 billion U.S. dollars, not including the sales of BenQ stores.
Even if we don’t mention Base Mobile, a dark horse, and just talk about TCL, they only use OEM production and branding. In 2001, their sales in the mobile phone market reached 9 billion yuan, and their profits were close to 1.5 billion yuan, which is equivalent to Huawei
half of the profit.
Chapter completed!