The penniless son of the penniless ...

Chapter 362: Hidden Qualcomm

If possible, Nacho Morgan would naturally want to use Zhang Junfeng's investment project to show off his skills to that guy. Although he is old, he still has quite unique investment vision and means!
Seeing Nacho Morgan's happy look, Anne Hathaway-Morgan took the opportunity to suggest, "Father, can you lend me some money? If possible, the more the better!"

Nacho Morgan suddenly frowned when he heard the request made by his adopted daughter. "Why do you suddenly want to borrow money? The more the better?"

"Because of it!" Anne Hathaway-Morgan smiled and raised the business card in her hand, and then told Zhang Junfeng the benefits he had promised her. She was smart and knew that it was impossible to get a lot of financial support from the other party just by fooling them.

Only by telling the truth and informing the other party of the situation can you convince a shrewd elder like Nacho Morgan.

When Nacho Morgan heard that Zhang Junfeng actually promised a 25% profit in a year, he gasped in shock. Although the Internet technology companies are hot now, investment is risky after all. No one can guarantee that there will be a big rise today. Will there be some major bad news tomorrow, causing a stock crash?

As for the 25% profit Zhang Junfeng proposed, if there was a loss during the investment process, Zhang Junfeng would most likely have to pay for the lost principal and profit himself. Otherwise, once the news got out, his reputation and credibility would be greatly affected.

"So how much do you want to borrow?" Nacho Morgan thought for a moment and asked with a smile.

"If possible, I'd like to... borrow 1 million US dollars?" Anne Hathaway-Morgan reported an astonishing figure that she had never dared to think of before. 25 million US dollars, with an interest rate of 2500%, that is million US dollars. Such a large amount of money is already an astronomical figure that is out of her reach!

She was a little worried at first, wondering if Nacho Morgan would disagree with her proposal? After all, she sounded nice, but the reality was that she was a pawn used by the other party to win over Zhang Junfeng. It didn't necessarily require such a large investment in her!

But what she didn't expect was that Nacho Morgan smiled and shook his head, "One hundred million dollars is a waste of such an opportunity! I will give you 5 million dollars, you give it to Zhang Junfeng and ask him to help you invest. This investment amount is more in line with your current status as a member of the Morgan family."

"It's just that after one year, of the 25% investment return that Zhang Junfeng promised, I will take 15% and the remaining 10% will be yours. How about that? Can you accept that?"

Hearing what Nacho Morgan said, Anne Hathaway-Morgan decisively agreed. Although the other party wanted to take 15% of the profit, the amount of principal that the other party was willing to provide was high. 5% of 10 million US dollars, that is, 5000 million US dollars! It was twice as high as she had expected before, and she was not at a loss no matter how she calculated it!
……

The next morning, Zhang Junfeng and Wu Xiuying, accompanied by bodyguards, arrived at the JPMorgan Chase headquarters on Park Avenue in Manhattan.

Under the guidance of the staff, Zhang Junfeng successfully arrived at the CEO's office. Seeing Nacho Morgan chatting with Anne Hathaway-Morgan, whom he met yesterday, in the office, Zhang Junfeng was also a little surprised.

But since he was already here, he didn't hesitate any longer and quickly explained his purpose. Zhang Junfeng quickly told the others about Qualcomm, a company related to Internet technology companies that they had never paid attention to before.

When they learned that Qualcomm's main business is CDMA chip business and CDMA wireless business, others were unable to react for a while. You know, chip manufacturing is not a popular track!

"Zhang, according to what you said, it is not certain that Qualcomm's stock price will see a huge increase in a short period of time!" Nacho Morgan waved his hands helplessly. At least for now, he has not realized from Zhang Junfeng's description what factors Qualcomm has that would stimulate the surge in its stock price.

Anne Hathaway-Morgan and Wu Xiuying also nodded in agreement. After all, all the technology companies that are now well-known have their own core selling points, whether it is Microsoft, Amazon or Yahoo. If Qualcomm does not have it...

As if he had already noticed their confusion and doubts, Zhang Junfeng continued calmly, "If it was just the content just now, it would not be major good news."

"In 1993, Qualcomm's CDMA technology was formally standardized by the Telecommunications Standards Institute of America. After that, with the establishment of the first commercial CDMA network system in Hong Kong in November 1995 and the successful deployment of the CDMA system in Korea in 1996, the commercial use of CDMA officially began."

“1998年12月份，高通首次演示了高速率数据（HDR）技术，即CDMA2000 1X的EVDO标准。而就在今年6月，国际电信联盟直接把CDMA选定为3G背后的技术——而这也将是高通股价会出现暴涨的主要原因！”

"Qualcomm has firmly occupied the upstream position of the industry chain due to its huge advantage in patent technology. Any company that wants to apply CDMA technology must pay it. Mobile phone manufacturers need to pay Qualcomm chips and patent fees. Equipment manufacturers need to pay Qualcomm patent fees for Qualcomm base station chips. Operators need to purchase customized phones from mobile phone manufacturers on the one hand, and equipment produced by equipment manufacturers on the other hand, and need to pay two patent licensing fees indirectly."

"With such a huge amount of patent fees collected from both ends, do you still think that Qualcomm is not making money?"

"…and in the past two years, many emerging telecom operators have hoped to achieve differentiated competition with the help of new technologies, and CDMA provides them with a good choice. As a result, the CDMA application market has gradually grown, the performance advantages of CDMA have gradually been widely recognized by the industry, and the focus of the communications market has gradually shifted to CDMA."

Zhang Junfeng's words stunned everyone present! Good man, no wonder Zhang Junfeng was so sure that Qualcomm's market would surge in the second half of the year? It turned out to be this reason, which was beyond everyone's expectations!

"... Zhang, I think there should be some problems in the operation of this matter, right? Otherwise, according to your personality, you wouldn't have come here specially~!" The shrewd Nacho Morgan looked at Zhang Junfeng deeply, then asked with a smile.

(End of this chapter)