Dong Qiangqiang's Story of Leaving Germany

Chapter 759

When Dong Qiangqiang woke up the next day, Li Lei was still sound asleep on the bed.There was a slight smile on the corner of his mouth, and a trace of saliva hung on his lips, and the bed sheet under the corner of his mouth had already been stained in a large area, which was much darker than the color of the bed sheet next to him.

Before breakfast, Dong Qiangqiang continued to read financial newspapers unshakably. As long as he does not go out to work, morning reading is one of the habits he strives to adhere to. Now he can easily read almost six financial columns. He also needs to look through the dictionary to solve the new words between the lines.

The newspapers are full of Vivendi's long articles, and it can be seen that the Germans are also very concerned about this matter.Through different reports, Dong Qiangqiang learned that the former president of Vivendi has been reducing the share of public welfare business since he took office, and at the same time concentrated on telecommunications, music and Internet businesses. Film and television, music and other cultural publications sell well all over the world.

This original intention is actually not a big problem. It is even said that compared with the Germans' hindsight about the Internet as a tool, the French are quite prescient about the development and future judgment of the Internet.

Perhaps because of the romantic feelings in the bones of the French, the former president began to use thunderous means to decisively promote his own business reform shortly after he took office.As we all know, the way to quickly increase the asset scale of a listed company in the short term is to take the road of mergers and acquisitions. Through continuous mergers and acquisitions of upstream and downstream small and medium-sized enterprises, they will continue to grow and enrich their own business lines, and expand the breadth and depth of their own businesses in both horizontal and vertical directions. Depth, in other words, is to dig deep into the moat and improve the company's core competitiveness.

The essence of M&A development is small steps and steady improvement, and eagerness for success usually leads to the opposite direction.To put it bluntly and unreasonably, it is easy to scratch the egg if you take a long step.

Under the over-expansion brought about by the management's eagerness for success, Vivendi's cash flow is like a formidable enemy.When its own cash cannot meet the pace of expansion, external financing is inevitable.

All financing in the world has a capital cost. If the financing cost is lower than the income, then financing is profitable, and vice versa.

Although the company's strategic direction is good, this decision was made before the first wave of dot-com bubble.

When the bursting bubbles of American Internet companies traveled thousands of miles to the French financial market along with warm ocean currents, Vivendi had already invested a huge amount of money in the Internet business, but these sunk costs had not been converted into corresponding income and income. Profit, on the contrary, became the last straw that broke the camel's back.

Vivendi’s peak of 2000 euros per share at the beginning of 150 was seen two years later as the pinnacle of the first wave of Internet technology companies. Since then, the boom has declined, and the stock price has also plummeted. In April, the stock price reached more than 4 euros at its peak, but now it is less than 40 euros.

Seeing him rising from a tall building, seeing him banqueting guests, seeing his building collapsed.

Time, fate, and luck.

The heavily indebted Vivendi had to consider breaking its arms to survive, and only then did it sell the TV company to the Murdoch Group.

Considering Vivendi's status in the world, the French financial circle is also worried, especially the several big banks closely related to its business, which cannot be summed up in one sentence.In order to prevent investors from running out of fear of banks, the French banking regulator is also watching the further development of the situation.

In order to quell the dissatisfaction and pessimism of the market, Vivendi immediately made a coaching change.

Generally speaking, the subtext of this kind of coaching change is to tell investors: the previous one was not good enough, this time I will use a higher level.Don't panic, everyone, have confidence.

But before investors had time to build confidence, a French tabloid revealed that the ex-president took a huge severance package when he left.

Although it is an unconfirmed rumor, the company at this time can no longer afford any turmoil. Investors have chosen to vote with their feet. The plot is still to melt first, and then to limit.

Before going out, seeing that Li Lei was still sleeping soundly, Dong Qiangqiang left a note for him before going out to take the exam.

When he entered again at night, the room was empty and Li Lei was nowhere to be found.

On the note that Dong Qiangqiang left in the morning, there were four crooked words: Thank you for the hospitality, I will go to work, and I will return to Malaysia after finishing the work. I will contact you when I am free.

He was still holding a sticky note. When the door slammed, Lao Bai walked in: "Have you considered it? The domestic company."

"Just do what you said last time, I have no objection." Dong Qiangqiang reviewed for a few hours in the library in the afternoon, exhausted his brain and became tired and tired, a little lazy.

"Tired?" Lao Bai patted him on the back with concern, "It's not easy, but I heard that there are four or five-hour exams in economics. If you really study (economics), I'm afraid it will be even worse." tired."

Dong Qiangqiang nodded with a wry smile: "I just realized now that preparing for the exam is much more tiring than the exam, and I still have to take the joint exam for a week, hey..."

"Xu Tongying's group will arrive soon after you finish your exams. Then you can lead the group to relax."

"Can leading a group be considered relaxing?" Dong Qiangqiang didn't know whether to laugh or cry.

"Then you rest for a while. Lele and Yangjin will come later. I'll cook now. I'll call you when I'm done, but you have to wait a little longer."

Dong Qiangqiang knew that Lao Bai was good at cooking, so it was rare for him to cook, and said with a smile: "As long as I can eat for free, I can wait as long as I want."

Lao Bai took his foot back out of the room, turned around and asked, "Where is your university monitor? Do you need me to leave a copy for him?"

"He seems to have returned to Magdeburg." Dong Qiangqiang tapped the note on the table with his finger.

Lao Bai waved his hand, and the door closed.

Dong Qiangqiang was lying on the bed looking at the ceiling in a daze, and it took a long time before he heard his cell phone ringing.

"Hello?" He lazily raised the phone to his ear.

On the other end of the phone is Duanmu who talks every day: "Have you read the news? It is said that the former president of Vivendi received a severance package of 2000 million euros. Today is another day of daily limit. The company announced that it may reorganize some departments and subsidiaries."

"Well, there are reports that it may have more debt than expected, and many investors are worried that it will also go bankrupt like Enron and be sold to other listed companies, but some analysts believe that the French government may intervene to prevent It went bankrupt, after all, its influence on the market cannot be underestimated, and the French government must also hope that the major incidents will be minimized so as not to affect the entire financial market.

"Although it has fallen today, there are still some shocks. It is not the kind of fall that scares people to death when a vertical line falls to the end. Now that the new president takes office, it still has some effect. In addition, not only the French stock market fell today, but the German stock market is not much better. Go. The stock markets of these European countries prosper and lose, and there is no such thing as an independent market.”

"German economists believe that... this is the most obvious feature of global economic integration, and they also say that the two will become more and more similar in the future." Dong Qiangqiang only felt that his eyelids were getting heavier and heavier, but his tone became lighter.

"I looked for information on what you mentioned last time. The trend of the German stock market in the past six months is indeed very similar to that of Nasdaq, and the pair of brothers Munich Re and Swiss Re really both recite their words. Except for the 911 brought The medical expenses of the injured continue to increase, and Germany and Switzerland are carrying out different degrees of medical reform. Swiss Re is relatively better, and Munich Re is in trouble. According to its annual budget report, it has a large financial gap this year. It has not decided to add additional premiums for all insureds, but if it wants to fill the financial gap, it may still go to the step of raising premiums. Although this can increase income, it will inevitably cause many insureds to switch. As for those private insurance companies with low fees, they come and go. Although the unit price of customers is high, but the number of paying users is less, I am afraid there will still be problems. Wall Street is worried that this wave of decline will be longer than previously expected. It may take several years for the aftermath of the reform to be fully digested."

"Looking back now, last fall was definitely an eventful year. Before that, the bubble of a large number of Internet companies burst, and then there was the 911 terrorist attack. Under the attack, both emerging industries and traditional industries were hit hard. There will be no recovery for a while. signs."

"Although it seems immoral to say this, this time is a once-in-a-lifetime opportunity for investors like us to make money. You know that the opportunity to make money will always be those stocks that dive from high places, as long as they are not delisted in the end, The more shocking the decline, the stronger the rebound will be in the future, just like a spring pressed down by your finger, once you let go of your finger, the spring will soar into the sky."

"I'm going to listen to you to buy some put options on the German DAX30 index and the French CAC40 index. How low do you think they can fall? Is there any expectation?"

"Also, the decline of Southern Healthcare is a bit weak, how do you think it will develop in the future?"

"Hello? Dong Qiangqiang, where is he? Talk!" Realizing that Dong Qiangqiang hadn't moved for a long time, Duanmu couldn't help but roared loudly.

Dong Qiangqiang was awakened by the shouting, and asked incoherently: "What did you just... say?"

"You didn't listen to me?"

"Accidentally fell asleep..." Dong Qiangqiang rubbed his eyes, the sky was still bright outside the window, the aroma of cooking in the kitchen could be smelled in the room, and intermittent human voices could be heard from the kitchen.

"Forget it, let's talk about it when you wake up." Duanmu muttered, "I asked you to contact Hans, did you contact Hans later?"

"Well, connected, but kind of tricky."

"How to say?" Duanmu's tone was a little displeased, "I said money is not a problem."

"It's not about the money. Hans said he couldn't find the hacker either."

"disappeared?"

"Well, Hans suspects that he either disappeared to avoid the police, or he has already been caught."

"I'm going..." Duanmu cursed in a low voice, "It's a bit of a memory. What about Hans? Can he write programs?"

"He may not be able to write."

"Then what should I do?" Duanmu was also troubled, "There are a lot of things to do now, and only with good tools can we improve efficiency."

"I suggest walking on two legs, let Hans continue to contact hackers, and at the same time we start recruiting programmers. Since you need a full-time programmer sooner or later, you might as well start looking for it now."

"How to find it?"

"Advertising in newspapers and forums is fine, and recommendations from acquaintances are also fine. In general, you can't avoid enemies by raising externally, and you can't avoid sons by raising internally."

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(End of this chapter)