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Chapter 527 Two 20 billion (2)(2/2)

Again, the three brands of Daenerys Entertainment operate in parallel, and work hard in different fields, and maintain a very good coordination mechanism within it. This is also a major reason for the strong rise of Daenerys Entertainment.

Speaking of which, after careful study by other studios, they can understand that it is even more difficult to follow the trend and copy this model.

Just like Walmart in the retail industry.

The threshold for the supermarket is much lower than that of the film industry, and Walmart's business strategy is not an absolute secret to the outside world, but in this world, there can only be one Walmart.

It is just imitating Daenerys Entertainment on the whole surface, such as creating a unique label focusing on art films, but it is impossible to dig into all aspects of it. The result is that it will only lead to a tiger but a dog that will not become a dog.

After the Golden Globes, February soon entered.

The Westeros System’s American Online and Cisco released their fourth quarter financial reports and full-year financial reports only one day apart in the same week in February.

As emerging technology companies, both companies' fiscal years are calculated based on normal natural years, that is, from January to December each year.

In fact, before the financial report was released, the outside world had rough statistics on the financial data of Cisco and American Online. Because of the rapid growth of the entire Internet industry in the past year, the stock prices of the two companies have been rising rapidly.

With the official release of two financial reports with annual growth rates exceeding 100%, the stock prices of the two companies also rose rapidly again.

The market value of the new technology company has been close to $20 billion in the previous few weeks. With the release of its 1992 financial report, the market value of this new technology company easily exceeded the $20 billion threshold.

During the IPO process, Cisco's valuation exceeded that of American Online, but this basic equipment company is not as easy as American Online to show off. Most of the last year, the market value was suppressed by American Online. However, with the release of the annual financial report, seeing the rapid growth of Cisco's global operating performance, the company's market value also quickly broke through the $20 billion threshold and achieved a rebound in American Online.

The rise in the stock prices of the two companies even led to the entire Nasdaq technology stock sector.

As of the close of February 5, the market value of AOL was finally frozen at US$22.1 billion in the first week of February. Cisco's market value was even more eye-catching, reaching US$26.3 billion, widening the gap of US$4 billion in US$4 billion.

Westeros’ shareholdings in AOL and Cisco were 66.1% and 53.6%, respectively, which were significantly higher than when it was initially listed.

Therefore, based on such a shareholding ratio, the two companies, AOL and Cisco, brought Simon $14.6 billion and $14 billion in wealth respectively. The sum of the two reached $28.6 billion.

US$28.6 billion, just this part of the assets has exceeded the personal wealth of all other super rich people in the world.

However, this is only part of the many personal assets under Simon Westeros.
Chapter completed!
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