sinovels Chapter 526 Before Lehman Brothers Went Bankrupt
Chapter 526 Before Lehman Brothers Went Bankrupt
July 22nd.
Future Group disclosed its Q2 quarter financial report.
From April 1, 2008, to June 30, the group's total global revenue was 3.039 billion meters of gold, a month-on-month decrease of 27.2% from 4.177 billion meters of gold in the same period last year, and a year-on-year increase of 15.5%.
Net profit was 1.797 billion meters of gold, a decrease of 356.3% month-on-month and 7.8% year-on-year compared to 701 million meters of gold in the same period last year.
With two new projects launched in the first half of the year, Q2 quarter revenue was 408 million meters more than Q1 quarter, thanks to the various rescue measures introduced by various countries.
Of course.
Future Group's Q2 quarter revenue has increased compared with Q1 quarter, but it does not mean that the subprime mortgage crisis is over.
on the contrary.
Even though various countries have introduced various rescue measures and poured money into the stock market, the global economy continues to deteriorate and decline.
It has been reported that Lehman Brothers and Merrill Lynch, two of the five largest investment banks in North America, are in debt crisis and may go bankrupt at any time.
Both investment banks are currently actively seeking ways to save themselves, and even the Federal Reserve 6 is asking for help.
There are rumors that Barclays Bank of Eagle Country is in active contact with Lehman Brothers and has acquisition intentions.
Merrill Lynch, with the help of the Federal Reserve, is in contact with North American banks.
This shows how bad the current global economic situation is.
To know.
Once one of the top five North American investment banks, Bear Stearns has been acquired by JPMorgan Chase.
Now, Lehman Brothers and Merrill Lynch are also on the verge of bankruptcy.
Two investment banks with a long history are very likely to follow in the footsteps of Bear Stearns.
By then.
The pattern of five tiger generals in North American investment banks will become a situation where two heroes compete for hegemony.
Of course.
Lu Yi doesn't care whether Lehman Brothers and Merrill Lynch go bankrupt.
If Lehman Brothers had not gone bankrupt, how could I have taken a bite out of it?
In his previous life, Lu Yi read a lot of news about the bankruptcy of Lehman Brothers and the merger of Merrill Lynch and Bank of America.
Some gossips said that the assets of Lehman Brothers were much better than those of some companies rescued by the North American government. However, the North American government did not rescue Lehman Brothers. There was a deep inside story in this.
Although Lehman Brothers ranks among the top five investment banks in North America, compared with Goldman Sachs and Morgan, its relationship with the Federal Reserve and the North American government is one of its direct lineage.
Japan is not a motley crew.
You know, the bosses of Goldman Sachs and Morgan are the major shareholders of the Federal Reserve.
Although Lehman Brothers is also a big guy, it is just a grassroots upstart.
In the past, Lehman Brothers was a competitor of Goldman Sachs and Morgan, an opponent that was always willing to kill them.
Just like how they treated the collapse of Bear Stearns, some competitors in North American capital groups were very interested in the collapse of Bear Stearns.
In order to bring down Bear Stearns, many influential investment companies in North America maliciously lowered their ratings and significantly lowered Bear Stearns' stock price forecasts when Bear Stearns faced financial difficulties. They took advantage of the U.S. stock market. The short-selling mechanism has contributed to lowering Bear Stearns' stock price, damaging its reputation and business, and intensifying Bear Stearns' financial crisis.
Just like vultures seeing a freshly fallen corpse, they swarm up directly and rob the assets of various useful 'parts and organs' from the corpses of Bear Stearns or Lehman Brothers at a price much lower than the original bid.
Lu Yi also heard a saying in his previous life.
Barclays Bank of Eagle Country was willing to rescue Lehman Brothers, but it needed a guarantee commitment from the North American government. As a result, the North American government was unwilling to provide financial guarantees, so Barclays gave up its acquisition of Lehman Brothers.
The reason why the North American government is unwilling to provide financial guarantees is because Goldman Sachs and Morgan are behind this.
The reason is very simple.
If Lehman Brothers were acquired by Barclays, how would they share in this gluttonous feast?
Only if Lehman Brothers collapses can they carve up Lehman Brothers' useful assets at a lower price.
From this point, we can also see the greed and bloodshed of North American Wall Street capital.
The release of Future Group's financial report stimulated a rebound in the company's stock price.
Although the Q2 quarter net profit was negative 1.797 billion meters, it was clearly listed in the financial report. The reason why the net profit was negative was, first, two new projects launched in the first half of the year, and second, the construction expenditure of the North American data center.
besides.
That is, Q2 quarter revenue showed positive growth compared with Q1 quarter, and the growth expectations exceeded external expectations.
Of course.
The rebound in Future Group's stock price will also be short-lived.
After rising for a few days, it started to fall again.
The reason is related to the news that Lehman Brothers and Merrill Lynch are on the verge of bankruptcy.
Once these two North American investment banks go bankrupt, it will impact not only the North American economy, but the entire world.
It will have a huge impact on the global economy.
The time has come in August.
Lu Yi worked at Blue Star Electronics for a few hours. After finishing today's work here, he left Blue Star Electronics and went to the Future Group next door to handle the work.
The headquarters of the two companies are very close, and it takes less than ten minutes to reach the office of the other company and sit down.
In 2008, there were two things of great significance to Longguo.
First, the Wenchuan Earthquake that occurred on May 12 caused the whole country to mourn.
The second is the Dragon Kingdom’s first Olympic Games 030, which will be held on August 8, and the whole country will celebrate together.
Future Group and Blue Star Electronics, as sponsors of the Zhongdu Olympic Games, have frequently appeared on major TV stations with relevant advertisements during this period.
This has a huge promotion effect on the product sales of both companies.
In particular, Pinnacle mobile phones have been selling very well in China during this period.
Many consumers who bought Dingfeng mobile phones said frankly that they were interested in the camera function of Dingfeng mobile phones so that they could capture wonderful moments while watching Olympic games and then post them online.
After arriving at the headquarters of Future Group, after staying in the office for a few minutes and signing several important documents, Lu Yi went to attend a meeting.
Half of his current working time is spent on various meetings every day.
The company's business is so big that it is no exaggeration to say that it would take an hour or two to report the operations of each major business section to him. This is still without thinking about making decisions and just listening to the report.
If you add thinking, decision-making, discussions before making decisions, etc., then you don’t know how much time it will take.
Although Lu Yi doesn't like meetings very much and holds them every day to the point of being bored, but sitting in this position, he has to hold them.
To the outside world, he is the richest man in the world, the helmsman of two giant companies, and he has unlimited fame.
But who knows how hard it is!