America: My Time

Chapter 658 Morgan's Ideas

Chapter 648 Morgan's Ideas
"I wonder if Game World's sales will still be this good when these anti-game groups stand up, and I wonder if Game World can even hold on, and if its shares will fluctuate. Since they're disgusting me, they have to face my counterattack. They bring up Japan, so I dare to bring up how games harm people. I really want to know who will break down first. At worst, Nvidia will give up its cooperation with Japan. After all, the cooperation with those Japanese guys is only a one-time thing. Once those guys realize it, the next generation of game consoles won't use Nvidia's chips anymore, so my losses won't be too great, and Nvidia won't be affected at all!"

"If that's the case, then I'm relieved. If needed, Morgan will stand by your side and teach those old guys a lesson. Don't think that just because the White House is helping you, you can act recklessly!" Morgan was also very annoyed by the behavior of those old guys, because there were always people in the White House supporting them. Otherwise, they wouldn't have brought up Japan again to put pressure on Nvidia.

“We don’t need to rush. Nvidia is no longer relying solely on gaming chips to survive. The development of personal computers will become Nvidia’s best asset. If they don’t want to compete, then let’s have a showdown. I believe Morgan will be on our side, after all, Morgan also holds Nvidia stock!”

"Of course, Morgan is completely on Nvidia's side in this matter. However, John, do you really not want to re-enter the gaming market? With Nvidia's strength and ASUS's capabilities, they are fully capable of competing with the gaming world. Moreover, there is no need to cooperate with Japan. Those guys are not good people, and you know yourself that they will not continue to use Nvidia's chips!" At this moment, Morgan was also reminding John to participate in the gaming market.

John shook his head and said, "I really don't have such thoughts. The game market is good, but I really don't have any ideas about it. Akio Morita of Sony in Japan has asked me more than once and was willing to cooperate with me, but I have refused. Although those old guys are unkind, I can't be unjust. They bought the game world from me, and I can't kick them while they're down and give them a fatal blow."

"John, you're not wrong, are you?" Morgan was taken aback when he heard John's words. He hadn't expected John to say such a thing, to talk about righteousness with those old guys at this time. Moreover, in his mind, John was not such a 'righteous' guy. If John were 'righteous,' he wouldn't be using harmful methods from the game to target the game world!
"I'm not wrong. Although I want to fight back against these old guys and show them what's what, I won't start a new game company to compete with them in the current game market. I still have that much integrity. They can be ruthless, but I can't be unjust. At least I won't ruin my reputation because of them!"

Morgan felt there was something wrong with John, but he couldn't pinpoint the problem. He would be a fool to believe John's words; when had John ever been so 'benevolent'?
"Okay, I guess I was overthinking it. But when John Global Online will go public isn't just my idea; it's the idea of ​​many people." At this point, Morgan finally revealed his true purpose for meeting John. The game world was just an excuse; his real goal was only one thing: Global Online.

"Going public? It won't be going public anytime soon. You know that Global Online's plan has only just begun and will take a long time to be perfected. Besides, I don't think those guys can accept my valuation of Global Online. It's better to wait until everything is done before discussing this issue. Otherwise, those guys will think I'm trying to scam them."

Morgan shook his head and said, "No, people still trust you in communications and semiconductors. As long as you speak up, I believe they won't object!"

"No? Maybe that's true for Morgan, but it's a different story for those old guys. My valuation is at least several billion. You think they can accept it? I don't think these guys can accept my valuation!"

"Hiss! John, you're not mistaken, are you? A valuation of billions of dollars?" At this moment, even Morgan Stanley was shocked, his eyes filled with disbelief. This valuation was too crazy; he couldn't accept it.

"That's right, this is my valuation. It's at least higher than the game world's valuation. Global Online not only has the internet, but also mobile communication networks and cable television networks. Is a valuation of several billion dollars for these assets high? Even just the cable television network alone would start at a billion, not to mention all the other assets!" "Looks like I overthought it. Not to mention those guys can't accept it, even I can't accept it!" At this moment, Morgan couldn't help but show a wry smile. He never expected John's valuation of Global Online to be so high, so high that even he couldn't accept it. With such a high valuation, is Global Online really worth that much?
“I understand that you don’t accept it, but I can’t sell my shares at a low price. That’s why I said it’s impossible to go public in the short term. Nobody will believe in Global Online’s valuation. In their eyes, Global Online’s value is far less than my valuation. The gap is too big, so there’s no possibility of going public!”

“John, I don’t understand. Even if cable TV networks are very valuable, mobile communications don’t seem to be that valuable. And the internet is just a further optimization. How can there be such a big price difference?” At this moment, Jimmy, Morgan’s loyal subordinate, stepped forward to help his boss out of the predicament and asked about the problem.

"A billion dollars for cable television is not enough. Even if it were to be spun off and listed, it would still be worth two billion dollars. After all, we have connected all the cities in the United States and are the largest cable network coverage operator in the country. The same goes for mobile communications. Not only are large cities covered, but even small cities are within our coverage area. This is something that other operators cannot compare with. Putting aside everything else, a valuation of a billion dollars for assets alone is not much. A listing for two billion dollars is no problem. As for network communications, it goes without saying that we can connect the world, communicate globally, and keep track of global information in real time. Putting aside everything else, the submarine communication fiber optic cable alone is valued at least a billion dollars. A listing for two billion dollars is not a problem either. With such a huge amount of assets combined, and further appreciation, is a valuation of several billion dollars a problem?"

John's explanation seemed reasonable on the surface, but it was only John's opinion, and no one could accept it. So Morgan could only sigh and shake his head, saying, "That's the logic, but no one can accept going public and raising funds, since they're not profitable. That's the biggest problem!"

John nodded and said, "That's right, none of them are profitable; they've consistently been operating at a loss. This is our biggest problem. Global Online will continue to develop in this way for a long time because we need to constantly improve our network, so it's impossible for us to be profitable. One of the most important indicators for going public is profitability and the amount of financing we've raised. We haven't raised any funds, so we can't talk about valuation in that regard. Now we can only wait until Global Online's layout is complete and its global network system is finished. It won't be too late to do a valuation then."

The Morgan tycoon smiled wryly and said, "John, I'm afraid the valuation wouldn't have been like this back then, would it?"

"That's right. The valuation back then wasn't like it is now. If we wanted to raise funds now, I wouldn't accept a valuation of less than six billion. Once the submarine communication fiber optic cable is completed and the internet is fully launched, the valuation will be different because it will have global clients. I believe that financial companies from all over the world will be our clients, as will universities, because our service is the best and the strongest, and they will be the only choice. Monopoly is the most profitable!"

Monopolizing the market is naturally the most profitable thing, and Morgan certainly knows that, and Global Online has that capability!
“John, if I remember correctly, the Dream World’s network system is going to be opened up. Are you sure no one is competing with you for this market? Are you sure they won’t create a new network communication system?”

"Of course, it's not impossible, but it's a matter of whether they have the capability. Dream World only opens up the internet protocol; the patents are still in our hands. They can use our network protocol without paying, but it's impossible for them to build another internet based on our patents. We won't allow it unless they can bypass our patents and rebuild their own system. I believe the R&D investment they need will be massive, definitely exceeding our R&D investment. Most importantly, this will require sufficient time; otherwise, our communications will make new progress!"

Cunning and treacherous—that was the impression Morgan and Jimmy had of John. Now they finally understood why John was so confident: he believed in the patents held by Global Online, and that other companies, even if they wanted to do the same, wouldn't have enough time or the enormous cost. The research and development costs alone would crush them. No one would be foolish enough to invest huge sums of money in such research; it would be a losing proposition. Failure would be devastating, and everyone knew Global Online had an absolute first-mover advantage, so naturally, no one would pay the price!

(End of this chapter)