Chapter 217
Chapter 217 Crying
Regardless of whether it is a real loss or not, it cannot be said anyway, but it is still touted. This is another victory for AOL!
I don't see that after the acquisition of CompuServe, AOL can not only get its local users in America, but also enter the overseas market, making AOL an international giant company. Isn't this a win?
As for the acquisition of CompuServe, the price is too high, it is all side issues, don't think too much.
As for the false rumors, AOL was blackmailed by America Telecom, and bought CompuServe at a high price in exchange for America Telecom's withdrawal from the dial-up Internet business.
When the reporter asked this question, Leon Sis made a black face on the spot, "The acquisition of CompuServe will definitely benefit AOL in the long run, and AOL's operations will not be affected by this acquisition!"
It said it would not affect it, but AOL turned back and adjusted the monthly subscription fee from US $19 to US $21, and claimed that this was due to various reasons such as cost and increase in service items. High users use AOL's Internet access fees, anyway, AOL is justified.
Watching the hard-talking AOL gang on TV, everyone at Netscape burst into laughter, and the cloud over Microsoft seemed to dissipate a bit.
Since the first half of the year, Netscape has felt more and more pressure. The IE browser bundled with the Microsoft system is like a rope around Netscape's neck, which is getting tighter and tighter.
"Bruno Song is getting closer and closer to Wall Street. America Telecom is almost becoming its cash machine. How much money did he take from America Telecom? Two billion, three billion dollars ?!"
In fact, it is impossible for Song Yang to take away so much, but it seems that it is really bluffing. The outside world can only see that he has taken away a lot of dollars through America Telecom again and again.
Jim Clark looked at the TV and rubbed his chin and said, not only did he think so, but when the CompuServe acquisition came out, the first thought of Wall Street and the financial industry was that Song Yang started to hollow out American Telecom again.
Before the reorganization of America Telecom, Song Yang took away the huge dividends and hollowed out America Telecom. After the reorganization, he bought CompuServe and sold it off. This method has become more and more Wall Street style.
"Perhaps, what he said is right!" Baxter looked up and said, looking at the TV station that started to discuss how much Song Yang made from CompuServe this time.
Mark Anderson and Jim Clark also restrained their smiles when they heard this. They knew what Baxter meant.
After Yahoo went public, its stock price more than quadrupled in three days, and its market value sprinted to US$1.2 billion. The shock to the entire Internet is unimaginable.
Yahoo's performance proves that in the Internet industry, it may be feasible to rely on advertising to replace fees. Whether it is feasible or not, the stock price is indeed feasible. Yahoo's current momentum is beginning to replace Netscape.
However, Yahoo's current Internet advertising profit model was developed by Song Yang. When Song Yang came to Netscape for the first time last year, he once mentioned to Netscape executives that there might be a free browser in the future. Users used it. At that time, Netscape didn't take it seriously. They didn't think that anyone would do such a thankless and wicked thing.
But now, it proves that there is indeed such a wicked thing. I would rather not be short of money than let Netscape make money, just like Song Yang's prophecy at the beginning. Of course, Song Yang's help is indispensable, not Song Yang Assist, Microsoft IE browser will not be so aggressive now.
Baxter's words caused the crowd who were laughing just now to fall into silence. Whether Netscape browser should abolish the fee is now the number one issue within Netscape, and it has been arguing for a long time.
But watching Song Yang on TV, Jim Clark and Mark Anderson still couldn't make up their minds to veto everything they did!
Seeing that AOL took over CompuServe's telecommunications industry at a high price, various news came out frequently.
When Ebes saw the news, he just glanced at it coldly, and then asked people to turn off the TV, "AOL actually sued America Telecom, and America Telecom will definitely have a credit for replacing AOL in the future!"
After seeing the rumored agreement between AOL and America Telecom, Ebes asserted.
Ebes doesn't care about being taken advantage of or not. What he cares about is the agreement not to enter the broadband industry within four years. He doesn't know how Case and AOL dare to sign such an agreement.
Ebes also doesn't understand economics and telecommunications, but he understands that if he wants to be an Internet service provider, technology cannot remain unchanged for four years. Everyone understands this. After four years, when AOL reacts, Ebes is not sure that broadband will not necessarily become the mainstream way of surfing the Internet, but there will definitely be many more broadband users than there are now.
As for how much money Song Yang and Wall Street made by relying on this acquisition, Ebes doesn't care. It is true that Song Yang and America Telecom are not pleasing to the eye, but Ebes is not a reckless man.
Ebers knows WorldCom's weaknesses and strengths. The weakness is that it is too dependent on the stock price, and the advantages are the same. Relying on the strong stock price, Ebers can rely on WorldCom to buy all competitors. Not all telecommunications companies are like American Telecom. Same, it's hard to get by with the beautiful knife in Shitong's hand!
"Next quarter, WorldCom will officially launch the acquisition of MFS!"
At the headquarters of WorldCom, Ebes waved his hand at the group of executives and said, then stared at his confidant, Scott who was in charge of WorldCom's finances, "WorldCom must complete at least 10 billion US dollars by the next quarter. Issuing new shares and debts, WorldCom will launch an autumn offensive to get rid of MFS before winter comes!"
Scott, who was stared at by Ebes, nodded to him and assured him that according to the estimates made by WorldCom, with the current frenzy of telecommunications and the Internet, if he wants to win MFS, he will need to pay more than the actual value of MFS at the earliest. Four times the purchase price is enough. In order to ensure a smooth purchase, Ebes will make a shocking purchase this time.
In addition to borrowing from the bank, Ebes also wants WorldCom to issue huge debts and new stocks, with an amount of more than tens of billions of dollars. If other companies play like this, investors may have long regarded this company as a lunatic and thrown it away. Stocks come to hedge, but Ebes is confident!
Because this is WorldCom, it can bring huge returns to investors every year, and it will continue. No one can be willing to abandon WorldCom.
"Gentlemen, this winter, I want to be here, and listen to James Crow, who brought Sitchmore to report to me on the performance of MFS and UUnet!"
Standing in the meeting room, like the emperor of the telecom empire, Ebes raised his arms and shouted, causing the audience to roar with laughter.
James Crowe is the president of MFS, and Sitchmore is in charge of UUnet. Ebes said this, expressing his determination to win MFS, and the subtext is that if the worldcom executives in the conference room today, If you can't do this for the Telecommunications Emperor, and if you can't let James Crow meet Ebes in winter, one of them will get out of here!
Originally, the outside world thought that AOL's acquisition of CompuServe at a high price would be detrimental to AOL, but the result was astonishing. AOL, which opened on the second day, rose strongly. Go, all the leeks who saw it were dumbfounded!
Wall Street institutions, as well as pension funds in several states in the United States, have invested heavily in AOL. The reason is simple. It spent more than a billion dollars to make a slightly loss-making acquisition, but it drove away American Telecom and AOL's dominance in the dial-up Internet industry. , will be unshakable.
It can be expected that in the next two to three years, due to the price advantage, the user scale of AOL will explode.
However, increasing the monthly subscription fee, cooperating with Double-Click on the advertising business, and introducing ICQ will greatly increase AOL's revenue. Some organizations have made estimates for AOL. In the next two years, AOL's profits are likely to rise. With a total of 4 billion US dollars, which exceeds the profit of General Motors, it is a big white horse under the new economic model. If you don't enter the market at this time, when will you wait?
This scene made people dumbfounded, and it also showed once again how powerful that mouth of Wall Street is. Anyway, all words come out of it.
The entire telecommunications industry in America, during this period of time, after watching MFS, American Telecom, and AOL's show operations continuously, I gradually came back to my senses and began to understand that the Internet and telecommunications industries are currently in a period of frenzy and cannot be recognized by common sense. A few years ago, these would have been considered deadly coquettish operations, but now, they prove to be an out-and-out "Internet model", and the major telecom giants are even more eager to move.
Song Yang didn't stay in New York too much, and Song Yang didn't care too much about AOL's performance on Nasdaq. There was no way. Yes, they are all reasons for the rise. The car companies next door are almost crying.
The stock prices of several American, Japanese, and European auto companies listed on the stock market are in the last peak period of traditional automobiles, when oil prices hit new lows, and the auto industry hit new highs in terms of both sales and revenue. General Motors also plans to acquire Hummer, etc. As a result, the board of directors of GM, whose stock price fell, almost didn't cry, who the **** to ask for an argument!
During this period of time, Song Yang seemed to be busy with buying, buying, and buying. When the attention of the media was still on America Telecom, who was engaged in a showy operation, the ICQ in Song Yang's hands broke out again, attracting the attention of the American Internet and game companies. The industry was in shock.
The news first came from the announcement issued by CUC International, which claimed that ICQ made an offer to acquire Xueleshan Games!
(end of this chapter)