We are all reborn, who wants to be the richest man?

Chapter 715 Bell Crisis
San Antonio, when the name of this city is mentioned, many people's first impression is the NBA team Spurs. People who don't know it well may think that this city is a small border town, but in fact San Antonio can be ranked in the United States.

It is the seventh largest city in the United States and the second largest city in Texas. It is known as the core area of ​​Texas along with Houston and Dallas.

San Antonio has a very advanced medical system and is an important medical center and educational center in Texas.

In terms of medical care, there are two private clinics that are ranked among the best in the United States, and in terms of education, there are 31 universities and the university town has a population of over .

A university town with a population of over 100,000 is considered quite large in China, let alone in North America, which has a vast land and a sparse population.

The three core cities in Texas are the Houston Rockets and the Dallas Cowboys. The influence of the Luo family in these two cities cannot be underestimated.

But if you really want to say which one is bigger, none of them is as good as San Antonio.

Even though there is no football team in San Antonio, it has a profound impact on its economic structure.

In San Antonio's economic structure, finance, medical, tourism and technology are the four major economic pillars.

The financial industry showed weakness, which can be attributed to the weak performance of Texas' own financial industry.

As for tourism, how much does it account for in GDP? It is not a world-renowned tourist city.

Therefore, the medical industry and the technology industry are the real sources of finance, contributing more than 70% of the economy.

The biggest contribution here comes from the Far East Group. The entire Far East Group of companies, including many regional headquarters and institutions, are located here.

For example, Pfizer Bristol-Myers Squibb's southern R&D center, one of Far East Chip's two major branches in North America, one of Nissan Motor's North American branches, and so on.

In addition to these, the Cisco branch that Amazon has invested in and the logistics base that Amazon is building are also here.

There are even more cooperating companies. Companies like Siemens and Nokia all have R&D bases or branches here.

Of course, the biggest technology company that influences San Antonio is not from the Far East, but it does have roots in the Far East, namely AT&T, International Telephone and Telegraph Company.

Many people believe that AT&T's headquarters is in New York, but it actually moved to its current location in San Antonio in 1992.

Texas has the largest number of AT&T employees, and San Antonio is the most populous state.

At its peak, AT&T employed more than 1.3 million people, 100,000 of whom were in San Antonio.

At that time, San Antonio's population was just over one million, which meant that one in ten people worked for the city.

As you can imagine, the influence of the Telephone and Telegraph Company in San Antonio was such that basically half of the population depended on it for their livelihood.

Although the Telephone and Telegraph Company has been broken up, it still remains the most important economic pillar of San Antonio.

The headquarters of the Telephone and Telegraph Company. Every time Warsteiner came here, he felt tired because he had to cross almost the entire America every time.

The fatigue from the journey is nothing, but the setbacks at work are the main point.

There is a famous saying that goes, "A mountain is not high but it is magical as long as there are immortals there; a river is not deep but it is magical as long as there are dragons there." Although the United States does not know this saying, similar slang also exists.

Some places are famous for their famous mountains and rivers or legends, and are said to be magical if there are immortals there.

And some places really give birth to real dragons.

Looking back decades ago, when people were looking for the bright pearls in the field of scientific research, Murray Hill almost always came to mind. It is not only a beacon of wisdom, but also a holy place for scientific research and innovation.

On this fertile land stands a world-famous scientific research sanctuary, Bell Labs, a top-notch hall that can inspire experimenters' infinite imagination and help them realize their scientific research dreams and almost all possibilities.

With its outstanding scientific research achievements and cutting-edge technological exploration, Bell Labs has become a holy place that scientific researchers around the world yearn for, leading the wave of scientific and technological progress.

However, with the breakup of the Telephone and Telegraph Group that year, its shining pearl, Bell Labs, was not spared from the fate of disintegration.

In the past, this huge scientific research palace located in Murray Hill brought together tens of thousands of top experimental personnel from various fields around the world. They explored tirelessly here and jointly created a glorious chapter in science and technology.

Unfortunately, today, the size of the split Bell Labs has been greatly reduced, with the number of scientific researchers now being only more than 10,000, one-third less than at its peak.

And now, the split AT&T is about to face another reorganization.

Warsteiner is the current head of Bell Labs and a world-renowned scholar.

"Warsteiner, you know, the split and reorganization was not decided by me, it was a unanimous decision of the board of directors."

"I know I can't change the board's decision."

Warsteiner's voice was somewhat mournful. As the head of Bell Labs, he didn't care how the group operated, nor did he care about the purpose of doing so. However, he could not accept the fact that this had dealt a real blow to Bell. "Does our laboratory have to belong to the new company that was spun off? Can't it be affiliated with the group headquarters anymore?"

He didn't care who it belonged to, what he cared about was the funding of Bell Labs.

What are the split companies used for? To put it bluntly, they are used to go public to raise money and make money.

What about Bell Labs? It has tens of thousands of scientists and holds numerous patents, making it a top scientific research institution.

But in other words, this is a money-burning glutton that devours a lot of money.

How can a listed company keep its stock price high? Only profit.

It would be strange if Bell Labs could have sufficient research funds after being assigned to this company.

Although AT&T is also a listed company, its size is different and the amount of R&D funds it receives varies based on the percentage of investment in R&D.

"Warsteiner, I still say the same thing. This is not something I can decide. Why can't you talk to Stein?"

Stein was designated as the CEO of the new company. If nothing unexpected happens, Bell Labs will be under his management in the future, and he will naturally have the final say on how much funding to approve.

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But Warsteiner knew that the other party was a staunch anti-Bell Labs advocate, meaning the faction that advocated abandoning Bell Labs.

Independent research and development, there is no R&D task, and the R&D direction follows the preferences of scientific researchers.

How many scientific research institutions like this are there in the world? Which company would set up a scientific research team for anything other than products and profits?

This is the model for Bell and the Far East Laboratory as well.

Many scholars have advocated this model in recent years because the rapid rise of the Far East is before our eyes and the benefits are obvious.

But the operators are not fools. If they want to develop this model, the first thing they need is huge capital as a backing.

The demand for this kind of capital is extremely strong, and one must be able to accept that many experimental results may not be profitable or even useless for decades.

There are no more than thirty companies in the world that can afford to spend so much money.

Among these companies, non-technological ones account for a portion, and the rest are very few.

Investing money is fine, but who can guarantee that such a model can create another Far East Group? Even if there is a result, how can it be transformed into a groundbreaking product?
Bell Labs is such an example. The transistor was born at Bell, but Bell did not give birth to Texas Instruments or Far East chips.

UNIX system, C language and C++ language also come from Bell. Why haven't we seen Bell replace Microsoft and become the overlord in the computer system field?
Bell also invented the charge-coupled device, but what happened? Bell now needs to purchase components from outside, and none of its subsidiaries develop components.

The end result was that Bell collected some patent fees every year from the patents in his hands until the patents expired.

After all, it was the Telephone Point Company that made Bell successful, and Bell's management's focus has always been on the telecommunications field.

It is for this reason that many managers want to break up Bell, leaving some scientific researchers to specialize in related fields and dismissing the rest.

Doing so will not only save the company a large amount of research funds every year, but also allow it to focus on research and development in the telecommunications field.

We still remember clearly how Luo Nianzhong took advantage of the split of Bell Labs to acquire shares in the two small Bell companies. Many people attribute this to the management model of Bell Labs.

If the Telephone and Telegraph Company had focused on developing related industries, could it have been overtaken in technology?
The better BellSouth and Bell Atlantic develop, the more anxious the Bell-abandoning group becomes, because these are all US dollars.

So he went to Stein, and Warsteiner knew what the result would be.

As a scholar, he had no experience with this kind of pass-the-blame approach among management.

In the past, Bell didn't need him to ask for funding. No matter how much, the group would invest a certain percentage of its profits into Bell Labs every year.

But it’s different now. Although Bell has been split up again, part of the already shrinking R&D budget has been blocked.

Because Bell will belong to the new company after the split, some people in the group think that the remaining funds should be paid by the new company.

After walking around for a whole day, Huasteiner still didn't get a satisfactory response.

He knew very well that Bell Labs was not the group's primary consideration at the moment, and that splitting it up was the top priority.

Looking at the sky above the San Antonio Airport, Wastana really didn't know how to explain when he returned to those scientific researchers who were crying out for research and development funds.

(End of this chapter)