Chapter 695 Litigation
Uncle Chen is still very patient with his junior: "Acheng, tell me, what about Bramble from Blue Star Network? It doesn't matter if he is wrong, just compare him... with Alie?"
"By with A Lie?" The Cheng was quite surprised. "A Lie came from a famous family and was a top student in a prestigious university since he was a child. Although he had setbacks before, he was diligent and down-to-earth, and he was better than the boastful playboy, right?"
Unlike European and American public opinion, Jing Jian’s evaluation in the Chinese circle is not very high, mainly because he doesn’t like Jing Jian’s high-profile style. Moreover, Jing Jian has not had much contact with those Chinese families, and he is rising from the grassroots. Due to the concept of family background, he is a little underestimated.
Chen Bo smiled slightly: "I still have the ability. If I can create such a situation, he will be very good at seizing opportunities." This is the general view in the Chinese circle, and I believe that Jing Jian's success is luck. Moreover, they are relatively closed and do not know that since the "Microsoft Acquisition Case", many of Jing Jian's cases have been included in the textbooks of American business schools.
Acheng suddenly had a question: "Uncle Er, is high-tech stocks so profitable? Judging from the financial statements of Blue Star Network, their main business income has just reached the balance of revenue and expenditure, and they have a high-tech name, and they have a market value of more than 300 million US dollars. That standard group is even more exaggerated. The annual loss is at least over 100 million US dollars. In this way, there are so many people who are following it? What is the reason?"
Uncle Chen smiled and shook his head: "Your father and I have also discussed it, and we can't understand the reasons here. Maybe we are old. Haha, but doing business and making money is the foundation. Such a hype concept cannot last for a long time. But we might as well try it out. If Alie's acquisition is successful this time, his idea will be better. Combining Blue Star Network with Wang'an Computer's sales to bring the target customer base. This is the tree with roots, not the water without a source. If the acquisition is not successful, and that Bramble is really a better move, then we will be considered an investment? He can make a 300 million out of nothing, but he may be able to make a 1 billion or 800 million in the future. We will not lose money, right? Hahaha!"
“…”
The investments of these Chinese families have always been relatively conservative. At this time, they are very resistant to high-tech investments, but are more accustomed to industrial investments. Therefore, in their eyes, a website like Blue Star Network is very vulgar and cannot see any value at all. On the contrary, if it becomes Wang'an Computer's online sales department in the future, it will be much more at ease.
...
After seeing off Uncle Chen and the others, Wang Lie clenched his fists excitedly and waved it a few times, as if he had already felt victory in sight.
In fact, Wang An Computer encountered difficulties, which does not mean that the Wang family has no money. Pay attention. For the company, even if the company goes bankrupt, the debts owed will not be transferred to shareholders. During the years when Wang An Computer was in awe, the dividends were a huge sum of money every year. Even if the company is losing money for years, it will be a loss of the company's money, which has nothing to do with the Wang family.
In addition, although Wang'an Computer applied for bankruptcy protection in the future, bankruptcy protection does not mean bankruptcy. In any case, Mr. Wang'an is a great inventor, and his Wang'an Laboratory has many key technology patents for computers. In fact, after the business was compressed, Wang'an Computer still survived well with the income of patent usage fees and other income. In May 1999, it was announced by the Dutch computer service company GetronicsNV for US$2 billion.
Nearly 10 years later, it was worth US$2 billion in 1999, but now it is 780 million, right? The Wang family owns about 60% of the shares, and the market value of these stocks alone can be more than 400 million. Therefore, for this acquisition, Wang Lie raised more than 70 million US dollars, and uncles and elders of Chen supported US$780 million, especially using a lot of Wang An’s connections before his death, so Wang Lie felt very confident.
The reason why he liked Blue Star.com was mainly because Wang Lie was very dissatisfied. In a short period of time, his father was ousted from the position of Wang An Computer Chairman, which made Wang Lie anxious to prove himself again. Especially when he was directly rejected by Jing Jian in Yangcheng, which made Wang Lie very unhappy. He also wanted to take away Jing Jian's industry and take revenge on Jing Jian.
Of course, after following his father Wang An for so long, Wang Lie still has some vision. He also knows that the future is the Internet era, and Blue Star Network is the most successful comprehensive website at present.
However, in terms of business policies, we can see Wang Lie's short-sightedness. He just wanted to transform Blue Star Network into an online sales department of Wang'an Computer. He had no idea of the huge value of the portal website, and he had no idea of the real profit model of the portal website.
...
Wang Lie was quick to act. Before Veroso could find out the investigation, two users in Boston filed a lawsuit in court, demanding that Bluestar.com pay $10 million in compensation. The reason for the lawsuit was Bluestar.com's current core business - spam.
Because the server costs are extremely high and the memory volume is very small, Blue Star Network launched a free email address during its promotion. Perhaps people nowadays may feel strange. What's so strange about free email addresses? However, in this era, commercial email addresses generally cost several dollars or even more than ten dollars a month.
Therefore, Blue Star.com's free email address is quite popular and attracts a large number of new users. Of course, free use comes at a price, that is, users are willing to accept email advertisements sent by Blue Star.com, which is the infamous spam in the future.
By the way, users can also refuse to receive spam, but they can only choose paid users. However, generally speaking, it is no big deal to collect a few spam, and few users are willing to spend this in vain.
At this time, the network ecological environment is quite good, which means there is no ecological environment at all. Since everyone receives spam, it is used to it and no one will complain at all.
The United States' Advertising Law stipulates that mailing advertisements are legal. Just like the White Lotus in the past, no one cares about you when you send a thick product advertisement like an encyclopedia. But one thing must be paid attention to: it is illegal for you to use fax advertisements. Why? Does fax paper cost money?
In other words, in the United States, when you mail, the customer does not spend a penny, that is legal. As long as the user spends even a piece of fax paper, then you are illegal.
Chapter completed!