Chapter 352
Chapter 352 Combine Vertical and Horizontal
"You should have heard that my hedge fund, as well as many Wall Street institutions, are shorting Double-Click Company!"
Creamer took out a few documents from the document bag he was carrying and put them in front of Carl Icahn, "We admit that Bruno Song is a genius in the Internet industry, but..."
"I, like Director Carl Icahn, believe that the interests of all investors should be protected, not just for major shareholders!"
Creamer patted Carl Icahn's flattery. Seeing the face of the old man Carl Icahn, a little smile appeared, knowing that the flattery was right.
Carl Icahn does not think that he is the hungry wolf of Wall Street, but the "guardian" of all small and medium investors on Wall Street. It sounds ridiculous, but this thing is really calculated by the media, and Carl Icahn is haunted Stocks, small and medium-sized ordinary investors have even greater returns.
This makes small and medium-sized investors willing to follow Carl Icahn. Often when Carl Icahn releases the news, a large number of people charge forward. This makes Carl Icahn only need to use part of the funds to turn those companies upside down The presidents of those big companies were all kicked out, which also caused headaches for those big shareholders.
Just now Carl Icahn called Motorola President Sandel, asking Sandel to let him join Motorola's board of directors and let Motorola launch a huge buyback plan, otherwise he will be kicked out!
After flattering, Creamer continued, "I admit that Double-Click is one of the best companies on the Internet, but its founder and current management are by no means the best, Bruno Everything Song did, the way he treated his partners, the disputes with the trade committee, etc.
It all shows that he is not suitable for the current position. Maybe he and Whitman's executives leave Double-click, which is the best result! "
Creamer said in an excited tone, shorting the double-click company, if the founder and executives of Double-click are driven away, then he can be said to have become famous in the first battle, and the whole Wall Street will probably get to know him again.
Carl Icahn looked at Creamer who wanted to express himself in front of him. Carl Icahn could see Creamer's thoughts clearly. After he had just gained a foothold on Wall Street, why didn't he try every means to make a big deal? Action, let everyone know him, and Carl Icahn did it. The World War I made Carl Icahn completely famous, and of course the huge income of 500 million US dollars. As for whether Creamer can do it, He doesn't know.
Carl Icahn looked at the document that Creamer brought over, and after a few glances, Carl Icahn couldn't help being a little surprised. Carl Icahn didn't pay much attention to Internet companies before.
After all, the Internet is at its hottest right now. Although the stock prices of companies such as Netscape, Yahoo, and AOL have been seriously inflated, Carl, although he is a hungry wolf, is not stupid. Everyone knows that Internet companies have the support behind them. Or, it is the entire Wall Street institution, and Carl Icahn does not want to die with Goldman Sachs.
But when it comes to investing in Internet companies, Carl Icahn is also not very interested. The way he plays, the returns are not lower than Internet companies, and the actual risk is smaller.
But when he saw the data of Double-click Company, Carl Icahn couldn't help but move his eyes. Different from what Carl Icahn had imagined, the book data of Double-click Company was very beautiful, at least in terms of revenue, finance, etc. Super peers, and now Double-click Company, mainly engaged in Internet advertising business, data survey, etc., also seems to have great potential. To put it bluntly, Double-click Company is a company that wears the skin of the Internet, but it is somewhat inclined to the traditional advertising industry.
Double-clicking on the company's current market capitalization of US$600 million is definitely inflated, but with the current Internet market, compared with Netscape, Yahoo, AOL, Lycos, etc., Carl Icahn is keenly aware that now he has to double-click the stock price, or even Some "low"!
Close those materials, Carl Icahn pondered for a moment, and said to Creamer, "How do you want to cooperate?!"
Hearing this, Creamer was shocked, "I would like to invite Icahn to join our plan, release a short-selling report on Double-click, let Double-click launch a repurchase plan, and then launch a short sale on Double-click , Let Bruno Song, Whitman, etc. leave the Double-Click Company."
Crimer said his plan, which is to first force Double-click to initiate a repurchase, so that the stock price will increase, and then continue to short and continue to cut leeks.
But Creamer doesn't want to just make money from Double-Click Company, but wants to play a big game, force Double-Click's management to step down, and reorganize Double-Click's board of directors and management.
"Director Carl Icahn, I am not interested in Double-Click Company. If the plan is completed, I would like to recommend you as the President of Double-Click Company!"
"oh?!"
Carl Icahn showed some interest, but he didn't expect Creamer to propose such a condition.
Creemer did this as a last resort. If he wants to continuously short-sell the Double-Click Company, he needs a lot of money, and his hedge fund is also a little weak.
Another point, if you want to drive Song Yang and Whitman and other executives away from Double-click, Creamer knows that he may not be qualified on his own, and Wall Street will definitely not support him.
Crimer also understands in his heart that even though the double-click stock price seems to be sluggish now, it is basically impossible for Wall Street to drive Song Yang away from the double-click company just because of this.
So I want to invite Carl Icahn today. On the one hand, I want to use Carl Icahn's funds, and on the other hand, I want to use Carl Icahn's influence to achieve his goal!
Carl Icahn heard what Creamer said, and neither agreed nor objected. After a while, he looked at Creamer and said, "I will consider this matter!"
Seeing that Carl Icahn did not immediately agree, Creamer couldn't help saying, "Director Carl Icahn, this matter cannot be delayed. If it is delayed until the double-click antitrust lawsuit in New York is over, it will be very detrimental to us."
Creamer also knows that the current situation of Double-click Company is constantly improving. Once the current predicament is over, it may be impossible to go short and reorganize Double-click's board of directors.
"I will consider this matter, and Icahn will call you when the time comes!"
After finishing speaking, Carl Icahn took out the document and looked at it again, as if he didn't intend to talk to Creamer any more. Seeing this, Creamer couldn't help but squeezed his fist, but still bowed to Carl Icahn He nodded, then turned and left.
It wasn't until Creamer left that Carl Icahn raised his head again, glanced at the place where Creamer left, and shook his head with a smile.
Carl Icahn could see that Creamer was an ambitious man, and this time he was allowed to enter the arena, probably because he wanted Icahn's company to carry the sedan chair for him.
But looking at the double-click company information in front of him, Carl Icahn feels that it is indeed an opportunity, especially Double-click Company. If it continues to develop with the current Internet market, it may really become a piece of fat. After a few years, The market value of Double-click is probably far higher than it is now.
Looking at the few pages of documents in front of him, Carl Icahn couldn't help thinking of Song Yang. He never fought uncertain battles. The double-click that Creamer saw was an opportunity he could take advantage of, but Carl Icahn It feels like a hard bone.
The key point is that Song Yang is the out-and-out major shareholder of Double-click. After Double-click went public, although the equity has been dispersed a lot, Song Yang still sits firmly in the position of major shareholder. The second largest shareholder, WPP Group, is also obviously the same as Song Yang. Same advance and retreat.
When Carl Icahn shorted TWA, the management of TWA at that time had less than 2% of the equity, which made it easy for Carl Icahn to occupy the magpie's nest. This time it is different.
And Song Yang's character, not to mention, just look at this time, he would rather go to court, take the risk of being split or even delisted, and he is not willing to bow his head and reconcile, so we know that Song Yang is absolutely impossible to quit Double-click Company easily Yes, Carl Icahn couldn't see the chance that Jobs and the Cisco couple were kicked out of their company with Song Yang.
After thinking for a while, I don't know what came to mind. Carl Icahn suddenly smiled. Who said that he can only be short, and there is not only one way to make money, and there may not be only one person who cooperates!
Picking up the phone on the table, Carl Icahn called the financial director of Icahn Company, "Prepare a fund, I want to use it anytime!"
After Creamer left from Carl Icahn, he made low-key visits to a number of hedge funds and short-selling institutions, including Bridgewater Fund, Castle Fund, Tiger Fund, Soros' Quantum Fund and other Wall Street hedge funds. Murdoch visited one by one, and whether he directly agreed to Creamer, but some hedge agencies said that they would act together with Creamer's hedge fund at "appropriate" opportunities.
While Creamer was running around, Kravis, the president of KKR Group, also walked into the door of Double-click New York Company.
When entering the Double-Click Company, Kravis couldn't help thinking that Song Yang, who invited him here, had started to cooperate with America Telecom through Enron Company and Kravis's KKR Group. At that time, Kravis was very concerned about the cooperation with Song Yang , more want to make a fortune.
But now, in just half a year, Song Yang's worth has soared again, and he has his own media TV station, is implementing Bill 230 on Capitol Hill, and toughened the Trade Commission, etc. All these make Kravis, Some dare not imagine.
This time Song Yang came to KKR Group, and Kravis instinctively smelled an unusual aura. At this juncture, Song Yang did not go all out to deal with the lawsuit, but instead called KKR, the "shit stirrer" of Wall Street, it must be To do something, Kravis rushed over without any hesitation.
"Song!"
When seeing Song Yang, Kravis immediately hugged Song Yang, "Song, I want to congratulate you in advance, you have solved the trouble of Double-click Company. Wall Street is talking about the double-click company's lawsuit. You have won this time!"
"Thank you," Song Yang said, looking at Kravis, "but there may be more than one kind of trouble."
(end of this chapter)