"Mr. Scott, tell me your plans?"
tIc is an investment company registered in the Cayman Islands, the world's fifth largest international financial center, in May 1989. It applied for a 20-year tax exemption certificate. It now has a registered capital of US$2 billion and has two subsidiaries, AtIc and htIc. Except that the investor Sun Jian is of Chinese nationality, he has nothing to do with domestic companies or officials. Otherwise, the US Department of Commerce would not allow AtIc to register and establish a financial investment company in the United States, nor would it allow AtIc to acquire GcA that no one wanted, let alone establish it. ATIC SECURITIES COMPANY.
In his previous life, no matter how rich Boss Ma was, Alibaba was a limited liability company registered in the Cayman Islands with its headquarters in Hangzhou, and it did not register a financial investment company in the United States.
The U.S. financial sector is a sphere of influence controlled by U.S. consortiums, and it is difficult for European, Japanese and Korean consortiums to enter.
Americans plunder the world through dollars.
If pENG acquires 3dfx, the U.S. Department of Commerce will reject it on the grounds of safety. AtIc's acquisition of 3dfx requires the approval of the U.S. Department of Commerce. Due to the lawsuits involved, the law does not allow it. However, controlling 3dfx does not require the approval of the U.S. Department of Commerce, and it is not subject to lawsuits. The impact only requires the approval of the 3dfx shareholders meeting and filing in SEc.
3dfx has a professional legal team. 3dfx is the child raised by its three founders, including Scott Schillers, Gary Taroli, and Ross Smith. It is not willing to be acquired by AtIc. There is no other way to be controlled. .
As AtIc grows year by year, it has affected the interests of Saxons and Jews, and sooner or later it will cause containment.
AtIc strictly abides by the laws of the United States and cannot leave any clues.
Once it is targeted by the U.S. Department of Commerce, AtIc will be brought down sooner or later. Americans are known to the world for their hegemony.
KIF is a subsidiary of AtIc. It has ventured into 37 companies, and 25 companies including Yahoo, Netscape Communications, Hotail, AtI, 3dfx, and NVIDIA have been listed. Today, the market value exceeds 20 billion US dollars, and none of them has failed. It is famous far and wide. It has become a benchmark in the venture capital industry and enjoys a high reputation in the U.S. venture capital community.
KIF and 3dfx have cooperated happily for so many years. Sun Jian is a kind person, keeps his promises, and never interferes in the daily business activities of 3dfx.
KIF started from angel investment and finally took control of 3dfx. No matter how 3dfx executives explain it? KIF also broke its rules.
Angel investment funds generally invest 20% of the shares, with a maximum of 30%. If it exceeds 40%, it means that it is a rogue. If it exceeds 50%, it means that the fund manager has an IQ problem and does not understand his own demands and position.
"Mr. Sun, the company's board of directors plans to issue 8.52 million shares to AtIc at the pre-suspended stock price of US$8.53, raising US$72.68 million. Once the additional issuance is completed, AtIc will hold 26.52 million shares, holding 51% of the shares. Mr. Sun is invited to serve as the company's director. The legal person and chairman of the board.”
Since Sun Jian's consent was required, Scott and others did not inform Lin Chang of 3dfx's private placement plan to avoid unnecessary complications.
Normally, when a company transfers its controlling stake, the transfer price will be at a premium of about 20%. However, 3dfx has now been cut off by the bank and cannot afford the compensation of US$45 million. If there is no other way, it can only be acquired by NVIDIA, otherwise it will go bankrupt and liquidated. .
The acquisition of 3dfx for US$10,000 is equivalent to only compensating investors US$3.46 per share, which is US$5.07 less than the stock price before the suspension. Once the holding plan fails and 3dfx opens, the stock price will plummet.
As the largest shareholder, KIF suffered heavy losses on the surface, but it was acquired by NVIDIA and was also the biggest gainer.
Sun Jian looks very enthusiastic on the surface, but actually he is not panic at all on the inside.
Scott and others also understand that once the hidden richest man in the world agrees to AtIc's control of 3dfx, not only can he avoid being acquired by NVIDIA and escape disaster, but it will also be an opportunity for 3dfx to achieve glory again.
Guozhi Computer Company, a subsidiary of Sun Jian, was established less than three years ago. According to data released by IDC, sales in 1999
2.863 million Guozhi computers were sold, a year-on-year increase of 116%. Today, it is the seventh largest computer production company in the world, ranking behind Paq, Dell, HP, Ib, NEc and Gateay. The rapid growth rate has made the global IT industry Surprisingly, according to the growth rate last year, it will surpass NEc and Gateay next year and become the fifth in the world. According to the growth rate of China's computer sales, it is only a matter of time before Guozhi Computer Company becomes the world's largest computer production company. Once Guozhi Computer Company has a large number of By purchasing a 3dfx graphics card, the sales and revenue of 3dfx will increase significantly.
Normally, Sun Jian would not be willing to invite AtIc to hold 3dfx.
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"Mr. Huang, to be honest, I hope that in the PC display chip market, NVIDIA, 3dfx, and AtI will compete with each other and make progress together. But Scott, Alex, Gary, and Ross came to the door. I sincerely ask AtIc to take control of 3dfx. I have already agreed and come to tell you. Please forgive me, Mr. Huang! I still hope that NVIDIA and 3dfx will compete with each other and make progress together."
The next morning, Sun Jian came to NVIDIA headquarters, met Huang Renxun, and got straight to the point.
On January 22 last year, NVIDIA was listed on the Nasdaq exchange (stock code NVdA), opening at US$21 and closing at US$18.5, an increase of 54.17%, with a market value of US$542 million.
After the first day of trading, Huang's shares were worth US$55.5 million, making him a multi-millionaire.
After listing, KIF still holds 9 million shares, accounting for 30.7% of the total share capital, and is still the largest shareholder; Huang Renxun holds 3 million shares, accounting for 10% of the shares, and is the second largest shareholder; Chris Malakovsky and Katis Prim hold 1.5 million shares each, accounting for 5% of the shares, and are tied for the third largest shareholder.
On March 15 this year, the Nasdaq index began to plummet, and NVIDIA dropped from its highest price of $176 to $65. Stimulated by the launch of the GeForce2 series and the 1-for-2 dividend plan, the stock price rebounded to $77. The market value has dropped from a maximum of US$5.1 billion to US$2.2 billion today, showing a downward trend!
Wukong Angel Investment Fund holds NVIDIA with a market capitalization of US$10,000. Starting in 1995, it invested US$25 million twice and earned nearly 27 times in five years.
NVIDIA is booming in the global graphics card market. Huang Renxun has a good management and hard work. However, the former king of graphics cards, 3fdx, not only fell from the altar, but also faced the tragic situation of being acquired by NVIDIA due to a failed lawsuit and no money to compensate.
Chairman Scott Schillers and former CEO Greg Ballard bear primary responsibility.
"I respect Mr. Sun's decision!"
Huang Renxun had already expected this result when he heard on the phone that Sun Jian had come to visit him. Although he was a little disappointed, there was no way to stop it. IT Company did not want to see 3dfx acquired by NVIDIA. Once it became the industry hegemon, NVIDIA would block the industry. compete.
Although Sun Jian is the hidden richest man in the world, he never appears in the media. Even the political and business elites are proud to be invited to participate in the annual Davos Forum on Global Economic Development. He has never been seen walking in the United States. No one knows me on the street.
Although KIF has always been the largest shareholder of NVIDIA, and now Guozhi Computer Company is still one of NVIDIA's major customers, Sun Jian never points fingers at NVIDIA, is a affable person, and the two parties have a happy cooperation.
In 1999, NVIdI's revenue reached US$375 million, a year-on-year increase of 137%. On May 12 this year, the board of directors announced the 1999 dividend plan, splitting one share into two shares, which was implemented on June 17.
