sinovels Chapter 501 Successful Landing
Chapter 501 Successful Landing
In an instant, the time came to April.
The global economy has begun to enter a stage of comprehensive collapse. Even if all countries are frantically rescuing the market, the story still cannot stop the story from falling off a cliff.
However, if we can’t stop it, we must frantically rescue the market.
Especially in North America, there is a serious lack of liquidity.
Large parts of the real economy are unable to get loans, the unemployment rate is rising, and GDP continues to collapse.
The Federal Reserve has cut interest rates one after another. It has announced two new measures to increase liquidity. One is a regular bidding tool. The second is its decision to start a series of regular repurchase transactions. It has also joined forces with the other four major central banks to announce that it will continue to provide support to the market. Inject liquidity to ease pressure on global currency markets.
Especially on March 13, North American officials predicted an economic recession for the first time.
The next day, March 14, Bear Stearns, one of the five largest investment banks in North America, sought emergency financing from JPMorgan Chase and the New York Fed.
Considering that the economic impact of the deteriorating Bear Stearns will be more serious once it goes bankrupt, the Federal Reserve decided to provide emergency funds through JPMorgan Chase to 22 Bear Stearns, which has exhausted its liquidity, to alleviate the company's liquidity shortage crisis. .
At the same time, there were rumors that Bear Stearns would sell itself to JPMorgan Chase.
And just two days later, this rumor was confirmed.
JPMorgan Chase confirmed that it will acquire Bear Stearns for a total price of approximately 236 million meters of gold (2 meters of gold per share), and this price is only 7% of Bear Stearns' current market value of 3.54 billion meters of gold.
This price is not even a quarter of the price of the Bear Stearns headquarters building in Slow Hatton, New York.
This 45-story office building with an area of about 110,000 square meters was built in 2001 and is worth 1.2 billion gold.
As soon as the news came out, many people were in an uproar about the price.
But if you look at the two pages of Bear Stearns' messy account books, you can see that JPMorgan Chase has to deal with a mountain of troubles for Bear Stearns. It's hard to say that JPMorgan Chase got a bargain.
This is indeed the case.
In his previous life in October 2012, JPMorgan Chase CEO Jamie Dimon criticized at a meeting held by the North American Foreign Affairs Council in Washington, D.C., that JPMorgan Chase had acted at the request of the Federal Reserve in March 2008 because of the subprime mortgage crisis. Bear Stearns, the fifth largest investment bank in North America, which was on the verge of bankruptcy, made an acquisition. However, in the past four years, JPMorgan Chase has lost 5 billion to 10 billion in gold for Bear Stearns in litigation and asset write-downs. Dimon said he would not have acquired Bear Stearns if he had known what would happen today.
visible.
On the surface, this acquisition is a big bargain for JPMorgan Chase, but whether it is a bargain or a burden, only JPMorgan itself knows.
After 85 years of ups and downs, Bear Stearns, the fifth largest investment bank in North America, is scheduled to close its doors in three months.
Bear Stearns was a pioneer in the subprime mortgage market.
As the subprime mortgage crisis swept the world, Bear Stearns became the first famous investment bank to be ruined in the subprime mortgage market.
From this we can get a glimpse of how destructive this global financial crisis will be under the current circumstances.
Even Bear Stearns will become history, not to mention other small companies and small businesses.
However, in this case, from time to time, Lu Yi's personal account would receive an additional income of as little as 100 million meters or more than 10 to 200 million meters, which was incompatible with the current situation.
Lu Yi does not have too much worry about the changes in the outside world.
Instead, seize the time to learn about various things from the two companies, especially the projects currently being launched.
On April 8, when Lu Yi was checking the progress of the project in the Blue Star Electronics Virtual Idol Laboratory, he received a call from Lu Qi.
With a large amount of investment, the virtual idol project has been progressing rapidly for more than half a year, and it is expected to be officially launched to the outside world in May or June.
"Director Lu, good news, IBM has reached an agreement. We have obtained the access qualification for the data center in North America and can implement it.
"At the same time, IBM is also willing to help us acquire MySQL and contain Sun Microsystems, Jiaguwen and Guge."
Lu Qi's joyful voice came from the other end of the phone.
After more than two years of fighting with the North American authorities, today the big stone finally fell.
Lu Xing was also very happy when he heard the news.
"Not bad, not bad. The United States finally let us enter the market. Although we were blocked for two years and started much later than Gu Ge, Microsoft, and Amazon, it doesn't matter. We can catch up from behind."
"Now that we have obtained the qualification, you should start building the data center immediately. We must do it quickly. We will strive to build a data center in North America by the end of this year and enter the trial operation stage early next year."
"Don't be afraid of spending money. We were blocked by the United States for two years and fell behind in the North American market for two years. Now if we want to catch up with Google, Microsoft, and Amazon, we have to spend money and spend hard!"
"Use your banknote capabilities to the extreme! If the infrastructure in North America is not good, you can contact domestic construction companies. They also have construction teams overseas. I only have one request now, and that is to build our data center in North America as soon as possible. money is not a problem!"
Lu Yi said.
On the other end of the phone, Lu Qi responded: "Don't worry, Director Lu. Now that we have obtained the access qualification, I will focus on the construction of the data center. I will make contact with Longguo Construction later."
"Well, I'm very relieved that you're doing things the same way." Lu Yi said.
After hanging up the phone, Lu Yi let out a breath.
It is indeed good news. The thorn stuck in my throat has finally gone away.
In the past two years, the construction of data centers in North America has been stuck, and Lu Yi is actually very anxious.
In the current Internet market, North America is the largest market in the world, followed by Europe. As for Dragon Country, it has the greatest potential.
If the layout in North America fails, it will be a big blow to Future Group's overall cloud computing layout.
Good thing.
After two years of arduous negotiations, the deal was finally settled.
If North America wants to drive him out of the North American market, it will not be easy.
have to say.
Although Future Group is the second largest Internet technology company in the world, it is not easy to develop overseas markets.
When Future Group had not grown yet, it was still very easy to open up overseas markets.
But as the ship of Future Group gets bigger and bigger, overseas markets are becoming more and more afraid of, exclude, and suppress Future Group.
no way.
Just because Future Group’s surname is She and not Zi.
If a series of chemical reactions hadn't been caused by a combination of factors, the future group's plan to enter the North American market in the field of cloud computing may not have been able to enter the North American market even after two or three years of fierce fighting.
The longer it is delayed, the more detrimental it will be to the future group. .