Font
Large
Medium
Small
Night
Prev Index    Favorite Next

Chapter 51: Smart Nokia

"Collins," Feng Yiping was a little surprised and moved when he saw the gray-haired Collins get out of the car. "Where do you need to come here in person?"

"Haha, long time no see," Collins, wearing a wool coat, hugged Feng Yiping enthusiastically. "It's rare for you to come here, so naturally I have to come here in person."

"Look cold, get in the car quickly."

It's really cold, there's still snow on the streets of Chicago right now.

It has been several years since the first meeting, but Collins seems to have basically not changed much.

This should be the norm for all those who are older but always hold the weight and are at the peak of their careers. Their 60 and 50 years old will seem to change, but 65 and 60 years old will not change much.

And now Collins can be called the most energetic time.

In the top 100 fastest growing companies in 2006 released by Business Weekly, Navteq, who is in charge, ranked 5th.

Other brands on this list are cleaning and public, such flat shots that everyone is very familiar with, and this is probably the first time many people have heard of Navteq.

Although they have actually used navteq services for many years, such as the navigation equipment in their cars, they are actually using navteq when using Google Maps search services...

Navteq, which was originally not visible, was so glorious that Collins naturally looked more energetic and younger.

"This time, are you moved?" Feng Yiping asked.

Collins looked at Feng Yiping, as if he was saying how you could see it.

"This is the first time you have asked me to attend the board of directors because of the acquisition," Feng Yiping said softly.

"Oh, yes," Collins nodded with some self-deprecatingness.

Before this, there were companies from time to time, such as the largest manufacturer of car navigation instruments, Garmin; Garmin's biggest competitor, Tomtom; and Yahoo, which has been buying non-stop over the years, will never buy the death star. They have expressed their intention to acquire Navteq.

But those few times, Collins didn't bother Feng Yiping at all.

This time, he made a special trip to invite Feng Yiping to attend the board of directors on this issue, which naturally expressed his attitude.

"Mainly, there are many shareholders on the board, and this time it also agrees," Collins said.

Feng Yiping thought that the most important thing was because Collins was moved by himself.

Looking at the gloomy and cold sky outside, "Have you seen the iPhone released by Jobs? The spring of our electronic map is coming," said Feng Yiping.

"Yes, if smartphones are approaching Apple next, it is certain that the software business on smartphones that will be bigger than the smartphone market in the future," Collins said.

Feng Yiping looked at him in surprise. Even he would have such an opinion now?

The original intention of his words is that in the future, electronic maps will become the standard configuration for smartphones, which means that a market larger than car navigation will be launched soon.

Because there must be many people who use smartphones, not necessarily cars.

But, can he actually see another change brought about by a smartphone?

As far as he knows, even Jobs himself is actually very reluctant to install applications developed by other developers. Many people inside Apple are still trying to make this issue.

On this issue, he actually sees farther than Jobs?

This is a little abnormal.

"I can ask, which company proposed the acquisition proposal that made you excited this time and many shareholders agreed with?"

Collins took out his cell phone from his pocket, "This one,"

Feng Yiping looked at it and it was a distinctive phone with a full metal case and a sliding cover. There is no doubt that this is a Nokia phone, n91?

"Nokia?"

“Yes, it’s Nokia,”

Nokia hopes to acquire navteq? Feng Yiping really has no impression of this.

At least, this shows why Collins has such a clear understanding of the software market on smartphones.

His view naturally comes from Nokia.

"So, their offer should also be very exciting?"

"Initial offer, $6.5 billion," Collins said in a low voice.

But Feng Yiping could clearly hear the excitement in his words.

Feng Yiping was also a little excited when he first heard this number. So, his investment of $5,000 in 2003 has now become at least $650 million?

With more than 3 years and a return of more than ten times, this is definitely a very successful investment from the perspective of investment.

"Feng, what do you think about this?" Collins asked, looking at his face.

"Me?" Feng Yiping looked out the window, "I have no opinion,"

Nokia has a good vision.

Feng Yiping is very clear that in the future, for many industries, lbs, that is, location-based services, will be very important.

This can be seen from the fact that when we install the app on our mobile phone, no matter what app it is, a permission request to obtain your location will pop up.

In the future, where is the only cars that need navigation and positioning?

Nokia, perhaps, shouldn't have definitely not seen this clearly, but they perceived the importance of accurate electronic maps to smartphones.

This is a mistake, there are any mistakes.

Feng Yiping was not very clear about whether Navteq was acquired by Nokia and its development after it was acquired, but based on his understanding of the future, he could conclude that just like Chief Yang originally invested in Alibaba, acquiring Navteq was a smart decision by Nokia.

Therefore, all these well-known companies are not simple. Even after Jobs released his iPhone, he was still a little indifferent and still firmly guarding his Symbian system, so he had to sell himself a few years later.

This is also the reason why he is a little unhappy.

As a world's top electronic map company like Navteq, he actually really wants it. But, if I go, Nokia offers a price of $6.5 billion, and the final transaction price may be $7.5 billion.

For Feng Yiping, this is also a very large number.

It’s not that it cannot be raised, such as selling part of Facebook’s shares, but considering the future development of Facebook, it is not necessarily a cost-effective deal.

Considering the subprime mortgage crisis next year, it is also irrational to spend such a large amount of money now.

In fact, after all, he is still somewhat lacking in strength now.

Alas, I haven't felt short of money for a long time.

No matter when, this feeling is not very good.

Just, Nokia!

I don’t know how much cash reserves this giant, who is still in the prime of his life, will have, so that they act so awesome and suddenly have such a big acquisition.

You should be proud, and the next time you cry without tears.

Just so happens that I haven’t made up my mind whether to make a smartphone or not. So, can I acquire Nokia in the future?

By the way, who later acquired Nokia, Google or Microsoft?

He thought far and Collins's words pulled him back.

“Although we may not have as good negotiating skills as Feng you,” Collins said, “we all saw your wonderful performance in the skype sale process,”

"But this time, if the board of directors can get the authorization of the board, the final transaction price will definitely be higher than $6.5 billion,"

"Have you heard the news from Motorola?" Feng Yiping asked.

As two giants in the mobile phone market at this time, Nokia and Motorola are also competing strongly in all aspects.

At this time, no one can replace Motorola's role in raising prices.

"Not only Motorola, but also Microsoft, Yahoo, Google, Garmin and Tomtom, should have been heard by the wind at this time," Collins laughed.

This old guy has a very dark heart.

However, this is normal. If you don’t think about ways to raise the price at this time, you will be a fool.

"Then, this drama will definitely be very exciting," said Feng Yiping.

"Feng, do you think?" Collins asked again.

Obviously, his proposal for this acquisition was not ordinary temptation.

"We all know Nokia's strength in the mobile phone field. We can also imagine the future application of electronic maps in the mobile phone field. Therefore, joining Nokia is obviously very beneficial to the company's future development," he said.

He was worried that Feng Yiping felt that the reason he agreed with the acquisition proposal was just for money.

People need face.

"Before talking about this issue, I want to talk to the board of directors first," Feng Yiping said. "I hope we will first talk about the issue of Jiasheng's acquisition of Jiasheng Electronic Map, a joint venture between Navteq and Jiasheng in China," Feng Yiping said.

Collins was stunned for a moment, and then said happily, "I will add this to the agenda of this board of directors,"

:
Chapter completed!
Prev Index    Favorite Next