"I'm not a semiconductor person, but I know how to make money and operate."

"For all listed chip companies, after all, they still need to explain to shareholders and investors. What they are not only about revenue, but also performance such as profits and earnings per share. These are what shareholders and investors care about..."

"You ask me how Qualcomm's board of directors is doing now? Haha, look at the several institutional shareholders present selling Qualcomm's stocks, and you can understand the attitudes and opinions of the shareholders..."

"...Structurally speaking, small startups entered the semiconductor industry in the 1980s, and began to go public and small mergers and acquisitions in the 1990s. By 2000, horizontal mergers appeared and large transactions appeared, and the development speed of the semiconductor industry had slowed down.

As I emphasized before, I am not a semiconductor person, but I know how to make money and operate. In the next ten years, the merger and acquisition trends of the semiconductor industry will move from horizontal mergers and acquisitions to vertical integration and acquisitions upstream and downstream, and the semiconductor ecosystem will become more and more important in the future.

I don’t think they can lead Qualcomm to future challenges for their current board of directors. I am very disappointed with their entirely ignoring the interests of shareholders and investors during this period of time, and insisting on their own actions..."

In the conference room of Qualcomm's headquarters in San Diego, California, board members were all looking at the LCD TV with ugly expressions. Andy Smith faced many reporters, accompanied by shareholders of six major institutional organizations, interviewed like a press conference outside the Michelin restaurant.

silence!

The collective silence made the atmosphere in the conference room extremely solemn!

In order to protect their property from being maliciously acquired, it can be said that the members of Qualcomm board of directors who have used all kinds of tricks were only silent and frustrated at this moment.

The shareholders' meeting that they delayed was about to be held. The strategy of wanting to exchange time for space was to be seen standing with Andy Smith, and everything seemed so ridiculous!

The "Big King's Blade" whale swallow's overall malicious acquisition plan was just a flick. Now they know that Andy Smith had no overall acquisition plan from the beginning. The real intention was to target the board of directors and subvert the board of directors to achieve the final result of controlling Qualcomm.

Qualcomm's shareholder meeting is about to come, whose fate will be rewritten?

Now it seems that all this seems to be no suspense! Andy Smith has received the support of Qualcomm's top six institutional shareholders, and the shares he owns have turned over, which is easy.

Leaving such an important "counterattack" to the critical moment less than a week before the shareholders' meeting, Andy Smith obviously did not intend to give Qualcomm's board of directors a response time.

Thinking about it now, Andy Smith is right, Qualcomm shareholders are the real helmsman!

Perhaps all of this, in the face of malicious acquisitions, the board of directors decided to fight back and fell into the trap.

Andy Smith's malicious acquisition and Qualcomm's board of directors have different purposes, and the results are naturally tens of millions of times different.

Andy Smith has acquired the purpose of profiting investment from the very beginning. In order to get the most extensive support, she naturally does not consider Qualcomm's long-term strategy. Instead, she promises shareholders to draw big pie, and even uses short-term revenue and reduction and layoffs to make the company's performance more beautiful, allowing shareholders to obtain short-term profits as bargaining chips.

The board of directors based on technological innovation and the purpose of coordinated business development is based on the long-term business development strategy and faces future industrial trends. The returns may be slow, but they will be longer, and there is still the potential for continuous explosion.

To put it bluntly, it is the difference between short-term interests and long-term interests.

Now that I think about it, the time node when Andy Smith chose to acquire Qualcomm should also be a carefully considered decision.

Enough short-term earnings plans have been prepared to convince institutional shareholders who are trapped in the quagmire of financial crisis.

When Qualcomm's board of directors was desperately trying to keep its board seat, using funds to buy back stocks, acquire other companies, spend money, increase Qualcomm's assets, and prevent Andy Smith from malicious acquisitions.

Andy Smith was shouting to the major shareholders of the organization, "Qualcomm shareholders, you should agree to this acquisition because you can directly obtain the profits of Hongguoguo. The Qualcomm board of directors can give you benefits, but it gives too little, so I will give more!"

The management of every listed company hopes that capital should intervene less and shareholders should also look at it longer-term.

However, capital seeks profit, this is an essence that no one can change!

At the same time, capital is also sensitive, which is particularly prominent under the clouds of economic crisis at this time.

The Qualcomm board members in the conference room were in a mixed mood at this moment. They didn’t want to lose their board seats, but they were powerless. The day when the shareholders were held was the day when they were swept out.

"Dongdong--"

Everyone in the bleak meeting room heard the knock on the door and looked at the person who was pushing the door in at the gate.

"Chairman, the company's stock price has plummeted to $35. With the emergence of panic selling, the US stock market plummeted across the board..."

Wow—

After hearing the report, everyone in the conference room immediately became uproar and their faces were whispering with ugly expressions. They did not have a better way to deal with today's plunge. After all, today's U.S. stocks plummeted across the board, and under the general trend, how can they have the final say!

Dongdong!

"Everyone, calm down!" John, the director of the independent director, who was elected as the temporary chairman, knocked the table with his finger helplessly and shouted softly.

When everyone's faces calmed down with an ugly look, their eyes focused on the face of John, the temporary chairman.

"Can you track accounts that sell large amounts of money?"

"..." The person who came was silent at first. Under the pressure of the directors' gaze in the entire conference room, he smiled helplessly: "It is our top 20 major shareholders who are reducing their holdings..."

As soon as the words came, everyone in the conference room turned their eyes to the LCD TV that was already beside them. Andy Smith's frozen sunny smile and his handsome face with a bright smile made everyone who was present feel a chill of coldness.

They knew that the effect and influence of Andy Smith's move began. This time, Qualcomm's stock price seemed to be really going back to its prototype!

At the same time, the faces of Qualcomm's board members were even more ugly than those of Qualcomm's board members who were mainly General Electric, who were willing to be the head of the malicious acquisition of Andy Smith. Looking at the US stock market that plummeted across the board and Qualcomm's stock price that plummeted to around $35, they went from laughing and showing off to completely panic and started to ship and stop losses, hoping to reduce losses. At worst, they could just buy low chips later.

The idea was very good, but unfortunately, how could they guess that the series of meals prepared by Andy Smith were delivered to them one by one.

During an economic forum program on the discussion of the future of the financial crisis, several bigwigs in the economics circle made public and questioned the necessity of "bad debt banks".

Immediately afterwards, before the afternoon closing, market rumors and Washington rumored that the government's plan to establish a "bad-debt bank" had a worrying future, so the market fell again driven by financial stocks.

By the close, the Dow Jones Index fell 2.82%, the Nasdaq Composite Index fell 3.08%, and the S&P 500 fell 2.28%...

Seeing Qualcomm's stock price fall by about $34, whether it is Qualcomm's company or several "white knights", it can be imagined that their faces were pale and they tried every means to sell their stocks. Unfortunately, when many institutional shareholders sold, they had panic stampede and were selling, and Qualcomm's stock price was completely suppressed!

"Haha...don't worry, the good show is still coming!"

In the hall of Free City Investment Company, Andy looked at the stock curve and current stock price of Qualcomm displayed on the large screen of US stock data, his eyes flashed and he smiled happily.
Chapter completed!