"Mr. Sun, the Dow Jones opened up 25 points, with a turnover of more than 50 million US dollars; the Nasdaq opened up 32 points, with a turnover of more than 120 million US dollars; Time Warner in the United States opened at US$77.35, an increase of 4.35 US dollars, and a turnover of 526,000 shares , the transaction volume was more than 40 million US dollars, and there were still buy orders for 1.15 million shares."
At 9:30, Nasdaq opened, Zhao Guohua reported to Sun Jian, Li Shaoming and Ming Jianjun sat in front of two computers, excited, waiting for orders.
In addition to Li Shaoming and Ming Jianjun, the AtIc stock investment department also has two traders. Unlike retail investors, they can buy and sell stocks at any time when the stock price fluctuates significantly. To have investment value in issuing a stock, they must have an analysis report from an investment analyst. , investment amount, and at what price will the goods be purchased or shipped? How much to buy and sell? Investment cycle, how to deal with emergencies, etc.? Make a plan.
Although these risk control systems will cause the loss of investment opportunities, they can prevent personal factors from causing major investment losses to the company.
Except for Yu Jianguo who stayed, everyone including Li Huabin and Huang Weidong returned to their respective jobs. Today is another busy day.
After America Online and Time Warner announced their official merger yesterday, it is a powerful combination of the real economy and the virtual economy. Most investors around the world are optimistic about the prospects of Time Warner in the United States. Many gold medal analysts from major banks have given their opinions on Time Warner in the United States. The stock price will reach 100 US dollars, with a 20% increase at the current price. Retail investors and institutional investors are waiting to buy after the market opens, but Mr. Sun does the opposite and goes against the trend. This is the stock god The difference from ordinary investors.
"Minister Zhao, if the stock price does not fall sharply, reduce the holding by 50% within a week and clear it within a month."
Sun Jian gave the principles for reducing holdings and did not interfere in how to implement them.
Leave professional matters to professionals, Sun Jian only cares about the results.
wKIF holds 148,662,739 shares. Based on the closing price, the market value is as high as more than 10.8 billion US dollars, accounting for 4.15% of the total share capital. It is the ninth largest shareholder of Time Warner in the United States. The new company has established 20 directors, and the top 15 Each shareholder has a seat, but Lin Chang made it clear that wKIF, as a strategic investor, would no longer serve as a director of the new company, which was to euphemistically tell the board of directors of Time Warner in the United States that wKIF planned to cash out the new company's shares.
As a private venture capital fund, wKIF has invested in Netscape Communications (later AoL) for nearly seven years since 1993. Now it intends to cash out the shares of Time Warner in the United States, which is a normal market behavior and is beyond reproach.
wKIF sold a large amount of shares in a short period of time, causing a sharp drop in the stock price, which will not only dissatisfy Time Warner investors in the United States, but also make the major shareholders of Time Warner in the United States resentful.
Keep a line in life so that we can meet each other easily in the future. There are also rules in the world.
The U.S. stock market implements t+0, with free buying and selling. You can be a banker, buy short, short sell, and short sell a company's stock. SEc has thought of all the loopholes in the rules that investors can think of!
From 1992 to 2000, a total of 4,211 companies IPO'd on Nasdaq, which was 6.28 times that of the New York Stock Exchange during the same period; starting in 1994, the trading volume of the Nasdaq market exceeded that of the New York Stock Exchange. , Nasdaq’s trading volume ($10.7 trillion) surpassed the New York Stock Exchange ($8.9 trillion) for the first time, becoming the world’s largest securities market by trading volume.
In 1999, the market value of Nasdaq stocks was as high as $5.12 trillion.
Nasdaq's turnover today is about US$35 billion, far exceeding the New York Stock Exchange's US$25 billion.
"Okay, Mr. Sun!"
Zhao Guohua is no longer worried.
"You guys keep busy, I'll look around!"
Sun Jian was sitting here, still under pressure from everyone, and finally came to the headquarters of AtIc Securities Company. As the legal person and chairman of this securities company, he also had to listen to the year-end report of President Yu Jianguo and General Manager Li Huabin, setting the stage for 1999. Prepare for the shareholders' meeting and chart the direction for the company's development in 2000.
"Mr. Sun, walk slowly!"
"Mr. Sun, goodbye!"
…
Everyone stood up to say hello and watched Sun Jian and others leave the institution room. The atmosphere in the room suddenly became much more relaxed.
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On the 11th, the Nasdaq stock index closed at 3925.47 points, down 12.34 points, or 0.3%, with a transaction volume of US$31.5 billion, an increase of US$47 from yesterday; the stock price of Time Warner in the United States closed at US$72.15, down US$0.85, or 1.17% , the transaction amount was US$9.5 billion, an increase of 175% from the previous trading day (the transaction amount of the two companies).
wKIF sold more than 27 million shares and cashed out US$2 billion. Sun Jian felt relieved after getting the Nasdaq market investment analysis report written by Zhao Guohua.
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"Mr. Geci, happy to cooperate!"
"Mr. Sun, happy cooperation!"
On January 15, at Yahoo's headquarters, witnessed by board members such as Yang Zhiyuan and Ferro, Sun Jian and Gai Ci signed a formal agreement to transfer 23.4% of Yahoo's equity to Microsoft on behalf of AtIc and Microsoft.
Everyone is happy!
Since the end of last year, there have been rumors in the market that Microsoft, with a total market value of US$470 billion, will purchase AtIc's 23.4% stake in Yahoo at a premium to the market price and will become Yahoo's second largest shareholder. At the beginning of the year, Jones, a well-known financial reporter from the Wall Street Journal, came to ask? Yang Zhiyuan did not spread the rumors publicly and told Jones that everything would be subject to announcements issued by listed companies.
After multiple splits, Microsoft's total share capital now reaches more than 9.8 billion shares, making it the world's largest listed company by market capitalization.
Microsoft's share price rose from US$45.57 to US$49, an increase of 9.5%; Yahoo's share price rose from US$228 to US$261, an increase of 14.8%, much higher than the 4.9% increase of the Nasdaq index during the same period. Global investors are optimistic The cooperation between the two companies believes that Microsoft will control Yahoo. With the combination of powerful forces, Yahoo's development will reach a new level.
As of the close of the last trading day, Yahoo's stock price was US$278.65, a premium of 15% based on the average stock price of the week, and the total transfer amount was US$11.562 billion.
According to U.S. tax law, capital gains tax applies to non-U.S. residents, foreign companies, and companies established outside the United States. The rate of capital gains tax depends on the length of the asset held. If the equity is held for more than one year, capital gains tax is regarded as long-term investment gains, and the tax rate will be based on the income level of the individual or company, with a maximum tax rate of 20%; if the equity is held for less than one year, then capital gains tax It will be treated as short-term capital gains, and the tax rate will be based on the income level of the individual or company, with a maximum tax rate of 37%.
On the income from this transfer, AtIc will have to pay 20% capital gains tax.
"Thank you Mr. Sun for your support to the company over the years!"
"Thank you Mr. Sun!"
Yang Zhiyuan and Ferro expressed their sincere gratitude to Sun Jian. Without Sun Jian's venture capital and years of support, Yahoo would not be what it is today.
"Mr. Yang, Mr. Ferro, I sincerely wish Yahoo to reach a higher level of development."
The history of Yahoo has changed, but Sun Jian still wishes Yang Zhiyuan, Filo and Yahoo the best of luck in their development.
