Reinventing the Millennium.

Chapter 866 Jiyue Breeze

Qimonda is not doing well.

This is just a manifestation of the bad times in [-].

Last year's subprime debt crisis had a great impact. Not only did the Federal Reserve frequently inject capital into the financial system to rescue the market, but central banks in Europe, Japan and other parts of the world were trying their best to prevent the crisis from spreading.

However, the crisis still has a tendency to intensify.

Just after Fang Zhuo finished meeting Luo Jianhua, the bad news hit again.

Citibank announced a huge loss of US$4 billion in the fourth quarter of last year, and will raise US$98.3 billion through public offerings and private placements.

Merrill Lynch announced a loss of US$98 billion in the fourth quarter of last year, suffering huge losses for two consecutive quarters.

The financial reports of the two giants greatly exceeded market expectations. Affected by this-the Dow Jones Industrial Average plummeted 306.95, the largest one-day drop this year, and the Standard & Poor’s fell 2.91% to close at 1333.25, a new low in nearly a year , the Nasdaq also fell close to 2%.

Market sentiment is pessimistic. Authoritative rating agencies such as Moody's Investments and Standard & Poor's have announced that they will consider re-rating the current "3A" bond insurers. Such news is tantamount to drawing fire from the bottom of the pot for financial institutions.

Under such a huge impact, Fang Zhuo originally thought that his small drudgery against Lehman was just a formality, so that everyone would end relatively decently.

Unexpectedly, when he accidentally photographed a document while sharing his daily life on the social media platform Facebook, showing that he held a short position of US$1.6 million in Lehman, the fragile stock price that Lehman was struggling to maintain suddenly collapsed. There was no suspense at $37, breaking the integer mark again and closing at $28.

The most important thing is that the head of Lehman has just barely negotiated a financing intention, and wants to relieve the funding dilemma and revitalize part of Lehman's commercial real estate.

As a result, the financing was once again wiped out by Lehman's rapidly falling stock price.

Fuld received the news one after another, and he was stupefied for a while before he angrily called Fang Zhuo, the instigator, but his words were still strong: "Fang Zhuo, wait for the lawyer's letter! Also, you can use the Internet like this to Wait for the SEC's misleading information!"

SEC is the Securities and Exchange Commission of the United States.

Fang Zhuo is relatively immune to anger recently. The basic situation is here. Fuld's anger is not even comparable to that of the Samsung prince that day. Lee Jae-yong still has the opportunity to beat himself face to face. What does Fuld have?
"Pooh!"

Fang Zhuo was not afraid of this weak threat at all.

However, the next day, news from the SEC really leaked out. The committee paid attention to the stock price changes caused by Fang Zhuo’s social media, and will consider reviewing whether insider trading is involved and whether the rights and interests of ordinary investors have been damaged.

"News out", "maybe", and "censorship", such vague words and attitudes did not make Fang Zhuo listen to the wind. strong deterrent.

Only at night, Fang Zhuo directly posted photos of a group of lawyers smiling and information on documents that he had deleted earlier.

"I got a call from Fuld, I was surprised, he accused me of giving out misleading information, now, I need to clarify, I do have a short position of 1.6 million US dollars, I hope Fuld is not mistaken .”

Immediately, Fang Zhuo complained again: "But I am not even holding the most short positions. Fuld and Lehman are the ones who should reflect. They must understand in time that their behavior is really hurting ordinary investors. "

He wasn't lying, and he wasn't the only one shorting Lehman.

Not just a Wall Street giant like Lehman, but the entire volatile financial market has many people fishing in troubled waters, mining interests, and chasing profits.

It coincided with the U.S. stock market being closed for two days, so no immediate response was given.

However, comments on Fang Zhuo's social media were very active, and some online financial channels also began to discuss the situation of Lehman again.

Before the arranged media interviews and interactions, Fuld, who was in Pingyang, had to make a phone call to Mr. Fang after careful consideration. He even quoted the famous oriental quotes of this season.

"For those who celebrate Chinese New Year, why bother shouting and shouting?"

"Lehman is close to reaching the conclusion of credit financing, which will divest part of the bad business of commercial real estate, and will gradually improve the current situation."

Fuld talked earnestly and talked about practical benefits.

Fang Zhuo felt that he should be investigated by the SEC.

For those who celebrate the New Year, reach out and don't hit the smiling face.

He didn't pooh at the other party this time. After listening for a while, he hung up the phone directly without expressing his opinion.

Fuld didn't know what emotion this represented. He thought about it, and still thought that Mr. Fang might still have some good morals of the Orientals in his bones, so he took the documents and came to the door in person to plead guilty.

Lehman has been looking for money from last year to this year. Fuld's so-called financing information is not really implemented, but it is easy to cause a chain reaction.

In front of Fang Zhuo, he clearly expressed the improvement that Lehman will soon usher in.

Fang Zhuo once again faced his guilt and pleaded guilty, and once again made a soft-hearted concession.

Not easy, not easy.

Fuld was about to burst into tears, why bother to force him?

He even showed off his new Mars phone.

This is also a customer of Yike.

"I have no hostility towards Lehman, but objectively speaking, you have screwed up everything." Fang Zhuo softened his attitude, "The financial market is not good, and my funds have also become cautious. Shorting is not a method I like to use. .”

Fuld believed it, had to believe it.

In fact, Mr. Fang was right, it was Lehman himself who messed up the matter.

Now these compromises are the price that must be paid.

"Since Lehman is working hard to improve..." Fang Zhuo pondered.

Fuld recently got into the habit of lying low, and immediately said sincerely: "Lehman has not shorted Yike for a long time. It was a pure misunderstanding. I like Yike's Mars very much. It is the best touch screen on the planet. Smartphones, I think, are easier to use than Nokia."

Fang Zhuo nodded slowly and stretched out his right hand: "I am very happy to see Lehman's efforts to stabilize the US market."

Fuld stretched out his hands: "On behalf of Lehman, I would like to thank Mr. Fang for his understanding."

Fang Zhuo understood, not only did he understand, but he took a selfie of the two of them in the office with his mobile phone.

The release of the photo also represented a reconciliation between him and Lehman.

Fang Zhuo wrote on social media - from now on, let everything be better.

Fuld immediately commented: Yike's great products are motivating me to move forward, Lehman and Yike have a lot of room for cooperation, and Mr. Fang and I are also friends who often hold different opinions.

No one would believe that such a short position among friends would occur, but Fuld's apparent low profile has a certain symbolic value.

These alone are not enough, Fang Zhuo did not turn down the media interview, he even talked about the success of Mars, the future development of the mobile phone industry, and also responded positively to the matter between him and Lehman.

"It's all over."

"Fuld is a good man."

"I have no ill will toward Lehman."

"I believe there will be stability in the financial markets."

"It's Gone", "Good Guys", "No Maliciousness" and "Usher in Stability".

Fang Zhuo naturally revealed his main energy as an entrepreneur: "The Lehman matter does not bother me. I have noticed the new phone plans of many mobile phone manufacturers, and this is what attracts my attention the most."

"I am a person who likes challenges. This year will be a year full of competition and changes."

"I am looking forward to the changes made by Nokia, Samsung, Apple, Sony Ericsson and other friends because of Mars, and I also hope that Mars can gain healthy competition."

Accompanied by Fang Zhuo's remarks, he embarked on the flight back to China.

Along with his return to China, Apple first gave healthy competition and formally appealed the invalidity of Yike's three touch screen patents.

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