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Chapter 219: Peer's Response (Part 2)

White Western men show similar body characteristics when they reach a certain age, such as having a fat body, similar to wine barrels, and thin hair.

The richer the more affluent people are, the more they are engaged in mental work rather than physical labor.

ge chairman Philip Reed is no exception.

Hang up the phone, a sarcastic smile remained on Philip's face.

"This Sanov is really disappointing."

"Mr. Philip, RCA has nothing to do with us anymore. It's a waste to spend an extra second on them."

The person who said this was sitting opposite Philip and listened to his conversation with Sanov throughout the whole process.

He wore gold-rimmed glasses, thin face, wide forehead, and looked younger than Philip, but he was not much different. He was clean and delicate, and had a thin figure, but he contained an imposing aura that could not be ignored.

From what he said, his status is not lower than that of Philip.

This is indeed the case.

His name is Charles Wilson, he is the president and director of GE and the head of the company's daily affairs.

Although Philip was the chairman, he has devoted more energy to public affairs since 1945. Therefore, to be honest, Charles is the number one powerful figure in Ge Company.

Generally speaking, Philip will only appear in the office of the Boston headquarters in the event of need, such as when holding a board meeting.

Today, Philip was invited by Charles to discuss the adjustment of the TV business. It was just a coincidence that he received a call from Sanov.

Charles was mean, but Philip was not disgusted because he also had a deep sense of the same thing, but due to his previous friendship, it was really hard to refuse.

"Waste is not advisable, I agree with it at one point," said Philip. "So, let's continue to talk about the serious business."

"I just learned from you about the ins and outs of that unknown company... It's only two years since its establishment. The first product is a new kitchen appliance with fair sales. It was last year when we entered the TV industry. During this period, there was a big investment in talent exploration. Lee Bailey in his TV R&D team changed jobs from us. The boss who supported them to act like this was Evan Warren, and the governor of California, Earl Warren, who was sprinting to the White House.

"The other party's company has received large loan support from banks on Wall Street..."

"In addition, Evan Warren has a toy company called Magic Seven Company, which seems to be very profitable."

Philip retelled the information with a marvelous expression.

"Add to add information, the other party seems to have just reached a new agreement with Dumont Laboratory. The specific information is not clear, but it is likely to be related to the imaging tube." Charles said.

Philip touched his half-bald head and said, "Okay, I admire this little guy more and more."

"So, what do you want to do when facing such a hard guy?"

Philip looked at Charles with a smile.

Charles spread his hands and said, "What else can I do? It won't be the same as RCA anyway."

"The other party has California as its base camp. At least the market on the West Coast belongs to others. In addition, the core technical problems have been solved, Sanov's simple and crude method will definitely kill others."

"Since people have taken root, all we can do is to compete for the sunshine under the same rules."

"Compet?" Philip narrowed his eyes and said, "I like this word. Only when the company continues to compete with its opponents can it continue to move forward."

"So, are you going to launch a new product at $300? Or just cut the price?"

"It is impossible to cut prices, it will destroy the brand image and only new products will be launched," Charles said.

"Related R&D projects are already underway... They (R&D Department) told me that qualified products will take at least two months to develop."

"Two months? Does it sound like a short time..." Philip asked when he saw Charles' face was not depressed, "What, I was wrong?"

Charles said with a serious expression: "Yes, the two-month R&D time is too long. If mass production is added, it is very likely that it will take three months to go on the market."

"With these three months, the other party can gain a firm foothold and establish a certain brand awareness."

"That's right..." Philip nodded, thinking that what Charles said made sense: "So, what do you want to do when you come to me?"

Charles' expression relaxed when he heard this. He sought Philip's support as his main purpose today: "I want to add R&D budget, add marketing expenses... and postpone the plan to report the TV business separately."

"The R&D budget and marketing expenses are easy to say..." Philip touched his head in embarrassment and said: "As a technology company, the board of directors will not object to increasing R&D investment. Strengthening marketing is also a normal choice under the current circumstances."

"But, the TV business is a promise made to investors a few months ago. Now Is it necessary to go back on my word?"

Investors are very sensitive creatures. The promises they made before now say they can't be done. They will definitely try every means to find out the cause. The direct consequence is to affect the stock price. This is a negative factor, which will inevitably lead to the stock price being suppressed and shareholders suffering losses as a result.

Charles said firmly: "It's necessary!"

"Products at a price of $300 have low profits and may even lose money in the short term. I admire the other party very much. As far as I know, the other party's product is not selling at a loss, and I don't know how they did it."

"But even if it is possible to cause losses, we cannot give up on this market."

Here Charles and RCA Brewster's judgment is surprisingly consistent.

Philip understood the truth after thinking for a moment. After pondering for a while, he supported Charles' request.

"Just prepare as you said, I will help you on the board."

After receiving Philip's support, Charles was happy, "Thank you, Philip!"

Philip replied: "No need to thank me, you and I are all for the company's good."

Two bosses on the ge reached an agreement. On the other hand, Sarov from RCA received a survey report on Applied Physics Systems Company a few days later. After reading the complete information, Sarov looked puzzled, and then gave up his original plan without hesitation, and immediately added the budget of the George Brown project team, so that he must take out a new product priced at $300 as quickly as possible.

As the focus of Applied Physics Systems, Ge and RCA's every move, Evan and Gillard will not let go.

When Evan couldn't help but breathe a sigh of relief when he learned that they had a new project.

Gillard was a little uneasy about this: "Boss, they are all ready to compete head-on with us. Are you not nervous?"

“We are incomparable to them in terms of technology and financial reserves.”

Evan smiled and said, "We are not as good as funds, but it is not certain if we are better and weak in technology."

"It's not that I'm bragging. Within at least two months, I dare to sell a TV of $300 per unit, only ours."

"And as long as we spend the first three months safely, the brand Sony will be established."

"During this period, what I fear most is that someone will use any means to suppress it. Now... this kind of hidden worries should be gone, so I can only be happy and not nervous at all."
Chapter completed!
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