Reborn Capital Madman

This year, the US dollar is worth a lot of depreciation!

One proof is that the price of gold has risen again, reaching more than 300 US dollars per ounce.

You should know that according to the Bretton Woods system, the US dollar is called US dollar, and the US dollar is equivalent to gold, with a ratio of thirty-five US dollars per ounce of gold.

During the period before and after the collapse of the Bretton Woods system in the early 1970s, the actual ratio of gold to the US dollar was already thirty-five dollars per ounce; after the collapse of the Bretton Woods system, the price of gold quickly exceeded one hundred dollars.

The price of gold hovered around 200 US dollars in the past two years; by this summer, the price of gold has reached the 300 US dollars.

Corresponding to the weakness of the US dollar's value, West Demark has become the most valuable currency at this stage.

To this end, this year, US Finance Minister Blumenthal carried out a series of operations to defend the international status of the US dollar. For example, under his leadership, the US Finance Ministry launched a $4 billion West Demark loan and used this West

Demark buys US dollars in the international forex market.

As a result, the short-term fluctuations of the US dollar exchange rate not only help speculators who accurately grasp the trend of the situation like Gaoxian make a fortune, but also make the indisputable fact that the US dollar depreciates is recognized by more people. It can be said that the busier the more mess it is, the mess it is.

Finally it fell on the Fed.

Gao Xian, who made profits in this process, can be said to have a deep understanding of the greater the transaction, the greater the impact of this exchange rate change. Even if ibm is rich and powerful, it is not suitable to use US dollar cash transactions completely. Otherwise, it would be necessary

Faced with the pressure of double-digit inflation in the United States or the international market such as the West Demark, the exchange rate of currencies against the US dollar, brought by the pressure.

Gao Xian, who was constantly calculating in his mind, slowly spoke: "I can take care of the actual operation of ibm."

"I believe Sir Gao has some understanding of ibm's financial statements. ibm's cash on the books is as high as $6 billion. Paying the fee required to acquire Huanyu Computer Company is a piece of cake." Frank Carrie showed off proudly.

After a while, the topic changed, "However, since Sir Gao is willing to take care of the actual operation of ibm, I am willing to provide sincere suggestions. A combination plan of half cash and half stock should be able to maximize your interests."

Gao Xian was amused by Frank Cary's show-off. Speaking of which, in this era, large technology companies like ibm manage cash reserves, are comparable to Apple, Microsoft, Google, etc. decades later in the "old script"

Much simpler.

As for Frank Cary's suggestion, it is even more unrealistic. It is nothing more than just printing the US dollar by the Federal Reserve and printing the ibm stock by the ibm, which requires a small calculation of how much it is.

"How to convert the value of ibm stocks?" Gao Xian asked leisurely: "As far as I know, although ibm's market value is still among the top ten in S&P, the prospects are not optimistic. After all, antitrust investigations

The risks caused are almost out of your control."

Gao Xian is by no means an exaggeration, and antitrust pressure is the biggest threat to ibm at this stage.

In fact, in the decades of ibm's success, it has faced antitrust in a large amount of space.

The outside world may have questions about this. Why does ibm rely on technology to make a living, so why does it always attract anti-monopoly investigations? Others are not convinced, so if you have the ability, you can develop more advanced technologies and products!

But the reality is far from that simple. A company cannot go far by relying solely on technology. Faced with fierce market competition, some measures must be taken.

To give an incomplete and accurate analogy, a printer with a very high market share is forced to use the printing paper produced by its own home in order to maintain its dominant position. In this case, is the printer manufacturer suspected of monopoly?

In the era of ibm's old Watson, he did similar things, requiring customers to use their main product - electromechanical watchmaker, the consumables needed such as paper tapes can only be provided by ibm itself.

In 1936 and 1956, they attracted two antitrust investigations and verdicts, and they were more severe each time.

Fortunately, after entering the 1950s, ibm successfully developed a large computer, and its main business began to aspire, so naturally there was no need to be limited to the antitrust judgment on the product line of electromechanical watchmaking machines.

However, after ibm ushered in greater glory in the Watson era, he ultimately failed to escape the antitrust curse.

First of all, the attackers on ibm are those large computer peers who are suppressed by ibm and are overwhelmed by ibm. For example, the control data company, its commercial large computer product cdc-6600 is also very excellent, which complements ibm's large computer system/360.

But I suffered a lot under ibm.

Therefore, in 1968, the Control Data Company became the first large-scale computer company to sue ibm monopoly; over the past year, the US federal government also began to sue ibm monopoly; at the same time, another eighteen companies joined the lawsuit.

The army monopolized by ibm.

In this era, the United States has two well-known monopoly investigations, one is aimed at the American telephone and computer company, the other is aimed at the leader of telecommunications stocks, and the other is aimed at the leader of technology stocks, ibm.

One of the big reasons why the Blue Giant has been stagnant after entering the 1970s is that the executives of ibm have put a lot of thought on how to deal with antitrust investigations.

After hearing Gao Xian's unoptimistic outlook on ibm's stock price, Frank Cary had no way to refute, so he tentatively said with a retreat to an advance: "In this way, Sir Gao tends to use all-cash transactions?"

Gao Xian laughed, "IBM has six billion US dollars in cash on its books, which is indeed a lot, but everyone knows that this money is for ibm to use if it is really dismantled by an antitrust judgment."

Frank Carrie, who was rude by Gao Xian's run, showed an unhappy look on his face: "What is Sir Gao's plan? You might as well tell me directly."

Gao Xian looked at Frank Carrie with bright eyes and showed her trump card: "I can accept half of the cash and half of the stock trading method, but I also suggest that ibm raise funds by issuing bonds."

Frank Cary, who quickly made a sudden realization, exclaimed sarcastically: "Sir Gao is scheming and wants to exclusively contract ibm's financial services."

"No, I'm not as greedy as you imagined." Gao Xian waved his hand calmly, "I just want to participate in the form of joint underwriting, so that I can have one more capital in the circle. In return, ibm acquires Huanyu Computer Company

The part of the payment belongs to me is easy to negotiate.”

"And joint underwriting is a popular way in the capital circle today. Compared to the previous ibm's exclusive commission to Morgan Stanley as a general underwriter, you will definitely understand the benefits of it without me."

After feeling the sincerity in Gao Xian's tone, Frank Carrie murmured gently: "IBM hasn't issued bonds for some years..."

Gao Xian shrugged, "I feel that ibm has been scared by antitrust and has been too cautious. In fact, from the perspective of investors, ibm can actually carry out a financing activity to support long-term development.

Boost investors' confidence in ibm."

...

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