Rebirth of the Tech Madman

...

After Datang Mobile Communications acquired the cellular phone operating license of Lin Broadcasting Company, it further consolidated its leading position as the largest cellular phone company in the United States.

The media is naturally extremely focused on this major industry dynamic, but this is not the point, but the crazy degree of money burned by various cellular communication operating companies.

It has been more than five years since the Federal Communications Commission formally issued a cellular phone operating license in 1983. Naturally, there are no secrets of some information in this field.

For example, the standard that most vividly measures cost input and value output, that is, the apportioned price of each "head", can be said to be a concept deeply rooted in the hearts of the people.

"The Wall Street Journal" analyzed this article, with a very eye-catching title-"Location, Location, Location", which pointed out that Datang Mobile Communications had to obtain a cellular phone operating license for this important "location" area in New York. , The cost of each "head" paid is as high as $365.5.

You should know that when the US Federal Communications Commission first issued cellular phone operating licenses, the strong players in the industry, including various local Bell companies, were suspicious, which directly led to less fierce license competition. At that time, the average price of each "person" was roughly It’s $4.5.

With the gradual clarity of the commercial prospects of cellular phone systems, license competition began to intensify. By 1986, the average price per "person" had risen to approximately US$20. In certain acquisitions during the same period, Southwest Bell paid $40 for each "person."

In the future, the "head" cost of the license, as an important financial data of the various cellular telephone communication companies that have begun to officially operate, has become more and more secretive.

But the existing information is enough to explain the problem-in order to repel all competitors, Datang Mobile Communications Corporation has given a crazy price in order to win the Lin Broadcasting Company's cellular phone operating license.

Everyone is so staking and enclosing the land regardless of the cost, it is naturally driven by real interests.

As early as 1981, AT&T, which had not been dismantled, conducted an official assessment of the potential of cellular phones in the United States. As a result, it was concluded that the number of users would exceed 1 million by the year 2000.

The actual situation is that the current number of cellular phone users has exceeded 1 million.

Investors who have just awakened from the dream and reacted have no time to worry about the American Telephone and Telegraph Company, the giant that originally controlled the entire US communications industry. Why did it come to such a stupid and ridiculous evaluation result? The most important thing is to get up and get a share of the pie.

Under this circumstance, the prospects of cellular phone business are naturally more and more promising in the United States. Of course, the premise is that you can afford to burn money like Datang Mobile Communications Company; if you don’t have the strength, you can quickly learn from Lin Broadcasting Company, sell it at a high price, and leave the scene in a cool manner; otherwise, it’s like a McCaw cell phone. Like the company, hanging up and down in embarrassment.

Without the need for the financial media to show off, ordinary people will understand that Datang Mobile Communications, backed by the richest man in the United States, has a financial situation comparable to that of traditional communications companies like Bell Systems, especially British Telecom.

Therefore, when the news of Datang Mobile Communications Company's ipo in the year came out, all interested people were excited about it and paid attention to any related disturbances, lest they miss a chance to make a fortune.

In contrast, the second-ranked McCaw Cellular Phone Company, although it seems to be in the second place, the number of licenses and the leading Datang Mobile Communications Company are significantly different, and the financial situation is relatively poor. A large part of its funds comes from garbage. Bond, simply built a building on the beach.

...

"Craig McCaw's attitude is very cold?" After listening to Tang Wenmao's report, Tang Huan asked subconsciously.

The external analysis on the status quo of Datang Mobile Communications Company and McCaw Cellular Phone Company can be said to be in place, and Tang Huan also intends to annex McCaw Cellular Phone Company so as to maximize the squeeze out of the cellular phone business that relies heavily on scale. Oil and water come.

Tang Wenmao shrugged innocently, "After I met with Craig McCaw, he opened the door to express my intentions. The other party immediately asked me what price could be offered to send him. Naturally, I directly inquired about McCaw. The current debt situation of the cellular phone company. As a result, Craig McCaw only said coldly, "You must be disappointed," and sent me."

"In this way, this guy is not as dead as the outside world knows. He still has cards to play." Tang Huan murmured and analyzed.

...

Craig McCaw, like Gates, came from an upper-class family in Seattle, and even went to the same school, Lakeside Middle School. His father, Eloy McCaw, was the owner of a radio station and the operator of a cable television system. He was a pioneer who took risks and found profits in the radio field at that time.

However, McCaw's family is not as lucky as Gates's. Eloy McCaw died very early due to a heart attack, leaving behind a mess of both outsiders and insiders. Fortunately, a cable television franchise was passed on to four sons without any obstacles, and Craig McCaw, who dropped out of college like Gates, developed and expanded his father’s unfinished career on this basis. .

But by the early 1980s, Craig McCaw's mind was no longer on cable TV. Gein has met the ceiling of his career. The more he develops in this field, the more capital he will get. The big fish eat the small fish only the national players are playing in the field, just like the tci and his like controlled by John Malone. Companies that can't go up are being suppressed more and more.

In the process of looking for new investment areas to achieve great ambitions, the cell phone business that began to emerge has entered the eyes of Craig McCaw. It has great commonality with the operation mode of cable TV, and it is in the early stage of development. The stage is not valued by the capital predators, just suitable for him to open up another battlefield.

In the more than 10 years of operating cable TV, Craig McCaw has formed his own business-if you don't expand, you will die, that is, through continuous acquisitions to achieve growth. Rely on economies of scale to achieve career success.

At a young age, he is very good at reducing costs. Every time he acquires a small company, he can quickly make the financial statements look better, and then get the bank mortgage, which has won the trust of many bankers. .

At the same time, in addition to his own brothers, Craig McCaw also formed his own team at this stage, and really attracted some people to work for him.

With these resources rushing into the ascendant cell phone application field, Craig McCaw is simply out of control.

...

Tang Wenmao speculated and said, "Perhaps, Craig McCaw's debt situation is not as bad as the outside world knows?"

"It's impossible." Tang Huan shook his head. "The cellular phone investment game involves not only acquiring operating licenses, but also using real money to purchase equipment and build a realistic service network. The rules are the best we know. ."

Having said that, Tang Huan picked up a document and looked through it again, and slowly said: "Craig McCaw’s largest initial fund came from the $100 million provided by the banker who trusted him. ; Then came the 1.3 billion US dollars raised through junk bonds, and then McCaw’s cellular phone company ipo. Raised 300 million US dollars; and soon relied on junk bonds to get 600 million US dollars. It can be seen that the junk bonds are in Craig. What an important position McCaw’s financial situation occupies."

"It can be said that Craig McCaw has brought the situation to the point where it is today. Banks and the major shareholders of those'junk stocks' have not dared to'wean' anymore. Otherwise, the huge sum of money invested before will be ruined. Up."

"In addition, last year, Craig McCaw sold his cable television shares accumulated over the years for $775 million, and successfully pulled tci CEO John Malone into the McCaw Cellular Phone Company. The board of directors is not a kind of compromise that he cuts the flesh and rescues."

Tang Wenmao calculated for a moment, and then said suspiciously: "Although tci is one of the best in the field of cable television in the United States, John Malone is also among the billionaires, but I am afraid it still can't help Craig McCaw hold up the scene. Otherwise, John Malone would not discourage Craig McCaw from continuing to follow up the offer at the final stage of the Lin Broadcasting Company’s cellular phone operating license auction that day."

"So I said, Craig McCaw must have got another good card." Tang Huan said in a deep voice, "Perhaps, I should meet him in person to test my style."

Tang Wenmao patted the armrest of the sofa angrily, "So, when we met that day, this guy was most likely kidding me."

"It won't hurt to play with him, after all, people might hate us a lot." Tang Huan smiled and said, "You can contact Craig McCaw again to see if we can talk in person."

...

During this period, Tang Huan welcomed a new guest in his New York villa-the Bush family.

1988 was another election year in the United States. Reagan, the oldest president in the history of the United States, has been re-elected for two terms. He will step down in less than a year. The current Vice President Bush Sr. intends to resign again. Attack this throne.

As the eldest son, Bush Jr. is duty-bound to move around actively to help his father win support. Tang Huan has naturally become an extremely important public relations target, not to mention that the two sides have been in a relationship for many years, and walking around is not abrupt.

During the greeting, Bush’s twin daughters, Barbara and Jenna, lay down in Tang Huan’s ears to ask: "Have Jin Chang and Jin Ge returned to the United States yet?"

Tang Huan laughed loudly, "The two of them are too naughty, so I was locked up in that unfamiliar environment in Asia, studying and studying honestly?"

"So..." The two little girls looked disappointed, "Then they will have summer vacation?"

"It depends on their actual performance." Tang Huan continued to tease the pair's future American top dollar, "Otherwise, I won't even be allowed to watch the Olympics."

...

With lively children in the middle to adjust the atmosphere, the villa suddenly became a lot of lively.

The topic of Bush Jr. and Tang Huan quickly turned to this year's US general election.

In fact, Bush, who has a rich resume, after years of management, can now be said to have accumulated a lot, and the advantages of the election are quite obvious.

In the primary stage of the 1980 election, Bush Sr. lost to Reagan. After that, he agreed to serve as the opponent's deputy, partnered in the election, and finally won. He served as the vice president for eight years during Reagan's presidency.

During this period of time, Bush Sr. tried his best to keep a low profile. His main task was to attend various large and small public events, including multiple state funeral ceremonies, which were then used by the media as comedy material.

Bush’s caution can be seen from the reaction to the assassination of Reagan on March 30, 1981. Compared with then Secretary of State Alexander Haig’s "improper wording" of "I am in charge", Bush was visiting abroad. On the grounds that he did not meet the vice president's specifications, he refused the advice of his staff to return to Washington directly by helicopter.

Regardless of whether there is information provided by Tang Huan who was at the scene of the incident at the time, www.wuxiaspot.com~ played a correct reference role. As a result, Reagan and Bush Sr. had a great degree of rivalry to their former opponents. Mutual trust, no major disputes occurred during the term of office.

Bush once personally chaired a special committee that lifted more than a hundred regulations that were considered outdated, and made amendments to other regulations, thereby reducing the size of the federal government to match the “small government” of Reagan Economics. "Advocate.

On July 13, 1985, Reagan had to undergo surgery due to health problems. During this period, Bush Sr. took over Reagan's job and became acting president. This was the first vice president in the United States ever to assume the post of president.

According to China's strategy, Bush Sr. spent the past eight years trying to courage and accept good destiny. In this year's Republican Party and Party Party nomination competition for presidential candidates, the phenomenon that everyone has hoped for reflects the value of this savings.

Seeing that Tang Huan was so optimistic about his father, Bush Jr. was very happy, so he was in the mood to chat about his unsatisfactory oil business in the past few years, and said with emotion, "The ceasefire during the Iran-Iraq War is almost a certainty. I don’t know what effect it will have on oil prices."

By coincidence, the two of them were talking about this topic, and the assistant hurriedly delivered a newspaper, which stated impressively: The world's largest oil tanker, the Sea Giant, was hit by a missile launched by Iraq and sank.

Seeing that the face of the richest man became a little ugly, Bush Jr. comforted: "It's just a boat. It doesn't matter to you."

"Is there you who break people like this?" Tang Huan muttered angrily, and snorted coldly in his heart, "These war lunatics, dare to blow up my ship, it's not that simple!"