"Dongdong"

"Come in."

In a spacious office full of luxurious details and highlighting the luxurious Hollywood Regent style, Andy sat in front of a very large and thick mahogany desk, looking up at the little assistant who walked in with her slender waist.

"What's up?"

"Mr. Alvetre and Mr. Badstone arrived."

Andy nodded calmly, "Let them come in." He said, lowered his head and continued to look at an announcement in his hand about Qualcomm's stock market abnormality after he noticed the abnormality of the secondary market.

"Boss x2"

Andy looked up at the two most capable men who walked in, smiled slightly, reached out to signal, "Sit down."

After the two sat opposite them, Andy raised his hand and shook the documents and said, "You have received the announcement that Qualcomm just issued, right?

Listen to the fact that Qualcomm's board of directors and management have been continuing to implement its strategies to enable the company to focus on investing in opportunities that can expand its leadership in the mobile field into entirely new areas while maintaining its financial robustness and good return on capital programs.

Accurately position and welcome the next stage of profit growth. As its technology and product roadmap expands into a completely new industry, Qualcomm has huge opportunities to create significant added value for shareholders.

To sum up, Qualcomm is not willing to be acquired. Qualcomm can create a new round of value for shareholders by relying on its own strength.

Haha, the time they chose is even more savvy. Tomorrow, Christmas Eve, the day after tomorrow, Christmas Day, will be released to the public two hours before the holiday, and they will face it!"

"Boss, Qualcomm's reaction is expected. It is very rare for us to absorb funds stably for such a long time. There is no room for operation in the secondary market.

Qualcomm realized this time that it was also because we and our partners contacted their small shareholders and acquired shares.

Currently, I hold 15.2% of the shares. According to the investment institution position information given in the recent 13f document, 63.01% of Qualcomm's shares are held by major institutions. These institutions are the key targets for our acquisition of Qualcomm's company.

Boss, I think it's time to get on the front and officially announce the decision to acquire Qualcomm. If the current Qualcomm board of directors, which consists of 11 directors, refuses our acquisition, we will directly initiate an acquisition offer to shareholders, which will evolve into a hostile acquisition. Although Qualcomm can launch a "poison pill plan" counterattack based on the rules of the US capital market.

However, major institutions will never agree to launch the poison pill plan to harm their respective interests. As long as our shares exceed 20%, we can initiate a new board of directors election.

We can divide the shares into six parts to submit them to candidates, and as long as we can control the board, we can complete the first plan."

As Andy's chief think tank and the first person in charge of the acquisition of Qualcomm, Alvetre is naturally always paying attention to Qualcomm's reaction. When he received the announcement from Qualcomm, he held a think tank meeting. The final result was to start the hostile acquisition of the Black Knights in advance.

"Do you just bypass the Qualcomm board?" Andy frowned and muttered. To be honest, he was still a little worried about a capital war that would likely take place in the future.

However, thinking about it, it was not necessary to privatize the holdings. As long as it could control 6 to 7 seats on Qualcomm's board of directors, his first acquisition plan would be basically completed.

“At present, how many of the largest holding institutions in Qualcomm’s stock may accept our offer?”

"Boss, we don't need to keep a close eye on the top ten institutions, whether it's Blackstone, Pioneer Group, Fidelity International Investment Fund, State Street Bank and Wellington Management Group, as long as we can get their support, all we have to do is to impress those small and medium-sized institutions with quotes.

To use cash transactions they cannot refuse to collect Qualcomm's stock in their hands, we can take the lead in promising that Qualcomm's current executive management will be like staying in office. After all, our purpose is not to put Qualcomm into turmoil. Boss, you just want Qualcomm's authority and shares, right?"

Badstone analyzed in a timely manner that the more Budstone knows about Qualcomm, the more optimistic the future of the company is.

From the establishment of Qualcomm in 1985, it mainly engaged in the application services of mobile communication technology in the transportation industry. In 1989, it first launched a mobile communication solution based on DMA technology, and since then it has become a standard setter in this emerging communication industry.

In the evolution and development of 2g to 3g technology, Qualcomm has accumulated more than 4,000 DMA patented technologies, always dominating the technological development pace of the mobile industry.

With the advent of the smartphone era, Qualcomm's mobile microprocessor is the first to support Android operating system. It is conceivable that with the widespread popularity of free Android systems, Qualcomm will definitely become the overlord of the mobile chip industry.

Budstone knew that this acquisition would eventually turn into a capital war that lasted for several months, and this would be an unimaginable game for the cash consumption of the boss. However, at this time, at the most serious node of the financial crisis, it promised that cash transactions would be the killer weapon that could most impress these institutional investors. Seeing the big boss' deep brows, he spoke again.

"Qualcomm's success is very similar to Intel's success. In a high-tech field, through high investment research and development, far-reaching technical standards and extensive patent barriers, almost all competitors can survive. Unless there is a major change in the industry, no one can threaten Qualcomm's status in the future.

With the increasing popularity of IT technology, many traditional industries have undergone profound changes. Whoever can adapt to the times and introduce it into traditional industries will gain the ability to disrupt giants."

"The current eO Paul Jacobs is the son of Irving Jacob, the founder of the company. This may be a difficult bond to break." Andy looked down at the Qualcomm acquisition plan in his hand, tapping his fingers on the table and frowned.

"Boss, this should not be a big problem. Qualcomm shareholders are the real helmsman. After Paul Jacob took over the position of Qualcomm eO from his father Irving in 2005, he experienced patent wars with Nokia and conflicts with regulatory authorities. Although he finally resolved these disputes, many shareholders criticized his ability for Nokia's counterclaim. Now, Qualcomm's stock price has fallen to around $28, and the highest $56 was almost cut in half. The shareholders' trust in him has basically been exhausted.

Jacob holds approximately 0.13% of Qualcomm shares, including publicly held, restricted stocks and options. Some restricted stocks will be attributed to Qualcomm's performance in the coming years.

Although they are the founders' family, they hold too few shares. I don't believe that emotional relationships can compete with prevailing economic considerations, especially the major shareholders including Blackstone and Pioneer, they, haha..."

Alvetre is sarcastic, and Andy and Bud are very clear that these private equity institutions are the real interests first, and Nai is a typical representative of mothers.

"I remember right, in July, Blackstone and NB Global jointly acquired the Meteorological Channel of Randmark Communications..." Although it was a hint of doubt, Andy, who had the skills to remember everything after reading it, naturally remembered it very clearly. "It seems that I should contact me in person. There is no regulatory problem in our acquisition. This is undoubtedly the biggest advantage. Don't worry about the obstruction of the regulator."

Badstone and Alvetle nodded deeply in agreement. If foreign capital acquires a high-tech company like Qualcomm, the strict review and regulatory procedures that will face will undoubtedly be a very headache. Even if all parties have agreed, a threat to US national security can be terminated directly, which means that the transaction will be terminated.

"After Christmas, I will send these friends the tickets to the Rockets and Lakers' Christmas Games, and hold a Christmas party in Houston. Get in touch in advance and explore their attitude." Andy pondered for a while and made a decision.
Chapter completed!