Igrit's 1992 financial report was so eye-catching. Even if many people wanted to keep a low profile, they failed to get what they wanted.

On the third day of the release of this annual financial report, the San Francisco Chronicle, a subsidiary of Hurst Group, published an article titled "The Internet Industry Breaking Out, Igret's Annual Growth Rate of 400%" on the front page of the newspaper.

If it is a company with revenue of only a few million or even tens of millions of dollars, the annual growth rate reaches 400%, which is not rare.

However, a company with a revenue volume of 100 million yuan soared from US$491 million to US$1.937 billion. It was not through corporate mergers, but only the company's own natural growth, which is a miracle in global business history.

You should know that the top 500 American companies in 1992 counted by Fortune magazine was only US$528 million.

Igrit's revenue of US$1.937 billion in 1992 is enough to reach the 219th place if it declares to participate in the Fortune magazine's Top 500 American Enterprise Auction. Even if the entry threshold reaches US$2.329 billion in 1992, Igrit's company is already very close.

Whether it is the top 500 companies in the United States or the top 500 companies in the world, it is not so easy to enter.

Take the Fortune 500 companies in the United States for example. The average age of all these companies on the list in 1992 was 42 years old, while the Igrit Company was established only for four years.

Moreover, four years ago, most of the public had no idea about the Internet industry. In other words, Egret Company was equivalent to creating a brand new industrial field.

This is basically the fact.

With the release of the front-page article of the San Francisco Chronicle, the exclamations, questions and attacks from various media outlets are coming one after another.

In recent years, Igret has clearly put traditional paper media platforms in a threat through several excellent news events.

Although the advertising revenue from the portal website in this financial report of Igrit only accounts for about 10% of the total revenue, traditional media is still facing a great enemy. The Boston Globe, which has a great influence on the East Coast, unabashedly attacked Igrit's financial report, was a sensational and misleading of capital and the public, and therefore even asked the federal authorities to investigate this article with 'ulterior motives'.

No matter how fierce the outside world’s doubts and attacks are, with the release of the article, the capital market has quickly responded to the US technology stock sector.

Igrit is not a listed company, but Cisco and American Online are.

Moreover, a complete Internet industry chain created by the three companies can be seen by anyone with a discerning eye.

Therefore, the two companies that had just broken through the $20 billion market value in early February, with the release of their financial reports that also grew significantly and the explosive annual financial report data of Igrit Company's explosive annual financial report data leaked, the market value rushed directly to $30 billion.

In the midst of trouble, the time entered March 1993.

Moreover, for the Internet industry, this is destined to be an extraordinary month.

The aftermath of the leak of the annual financial report data of Egrett has not subsided. On March 2, Bill Clinton, who had been president for less than two months, officially launched his visit to Silicon Valley on a busy schedule. During his one-day trip, Bill Clinton visited the headquarters of five companies, including HP, Intel, Cisco, American Online and Egret, and delivered a speech on the Information Highway Project with the Stanford University campus auditorium that afternoon.

When Bill Clinton visited Silicon Valley, three of the five companies on the agenda belonged to the Westeros system. Even if a young man did not appear during the entire visit, such an arrangement was enough to show the obvious close connection between the Westeros system and the new president.

Therefore, the day after this visit, the technology stock sector rose again, and Cisco's market value officially exceeded the $30 billion mark. At the close of the day, its market value was fixed at $31.2 billion.

This is just the beginning.

Immediately afterwards, on March 8, the U.S. Senate officially voted to pass the Information Highway Plan bill that has been brewing since last year.

When the bill was officially announced, the whole world's eyes were instantly focused on it.

The core content of this 20-year cross-century bill, which plans to build a complete information network consisting of communication networks, computers, databases and daily electronic products to provide a large amount of information to the public.

The specific contents of the bill include "promoting investment in the information industry", "increasing infrastructure construction", "saving information security and network reliability", "relax spectrum controls", and "strengthening intellectual property protection". Overall, it is to use the greatest power that the entire United States can use to promote the development of the information industry.

In the past history, the Information Highway Project was launched in 1993. Netscape browser had just been born, American Online had not yet risen, and Yahoo was even missing. Although the Clinton administration tried its best to build momentum for the bill, it was still difficult for the public to appreciate the importance of this bill.

This time, under the advance promotion of the Westeros system, AOL, Cisco and Igrit have all risen ahead of schedule. Both capital and the public have intuitively experienced the impact of the arrival of the information age on the entire society.

So, when the Information Highway Plan was officially released, the US technology sector did not experience the brewing from 1993 to 1995, but began to take off directly.

On March 9, a week after Cisco's market value broke through the $30 billion mark, ABC also broke through the $30 billion mark.

At the close of March 9, Cisco, which almost monopolizes the basic network equipment market, reached US$35.1 billion, and the US Online's market value also reached US$30.9 billion.

Other important technology companies, Microsoft, Intel, Apple, SUN, etc., have also seen rapid rises these days.

This is crucial to the Internet industry in March, and certainly will not end with the publication of a bill that may require long-term effectiveness.

On March 11, Microsoft held a press conference in Seattle and launched a brand new Windows 3.2 system.

In history, the release of Windows 3.2 system was not much better than that in 1994, and compared with Windows 3.1 system, it mainly added multilingual support, including Chinese.

Although the Windows 3.2 system was released one year in advance, it was a brand new system specially customized by Microsoft for the arrival of the Internet era, greatly enhancing its support for multimedia services such as network, images, audio, and video. Not only that, Windows 3.2 system also launched the "Start" menu that is crucial to Microsoft's Windows platform in advance.

Simon got the trial version of Windows 3.2 three months in advance. In his opinion, this operating system equipped with the "Start" menu in advance is already very small compared to the classic Windows 95 in memory.

Next, the important breakthrough for Windows 95 is probably only the upgrade from the 16-bit system to the 32-bit system.

On the second day of Microsoft's Windows 3.2 release, on March 12, Intel released the first generation of Pentium processors with basic parameters in October last year, and officially began to be launched on the market.

The Pentium Age begins.

In the original time and space, it was precisely because of the Pentium series processors that Intel completely ended the competition among PC processor chips, and the x86 architecture unified the world.

After the two technology giants jointly launched a combination of punches, as of the close of March 12, Microsoft's market value reached US$32.6 billion, becoming another new technology company with a market value of US$30 billion after Cisco and American Online.

Because of many competitors such as Apple, Motorola, AMD, etc., Intel's market value has also been affected by the recent popularity of technology stocks, but it has not made much breakthrough. The market value on that day was fixed at US$26.1 billion, which is still quite a gap from US$30 billion.

However, when the day ended, many media's attention could not help but fall on these four companies that were heavily held by Westeros.

March 12 is Friday. In addition to Microsoft and Intel, Cisco's closing market value was $35.6 billion, while American Online's closing market value was $31.7 billion.

According to Westeros’ shareholding ratios of 50.1%, 66.1%, 21.3% and 15.6% respectively, the shares of the four companies held by Simon Westeros are worth US$17.8 billion, US$20.9 billion, US$6.9 billion and US$4.1 billion respectively.

Any shareholding of the first two companies has exceeded the $15 billion personal assets of Japan's richest man, No. 2, the global richest man, in 1992.

The combined stock values ​​of the four companies reached an astonishing $49.7 billion.

In recent months, many media have predicted that Simon's personal assets in 1993 will exceed 100 billion mark, becoming the world's first billionaire billionaire.

Originally, many people were skeptical about this.

Even though Westeros' personal assets reached US$65 billion in 1992, how could it be so easy to reach the US$100 billion threshold?

Now, the personal wealth of Simon by the four technology companies held by Westeros has reached US$49.7 billion. In addition, the large number of assets under Westeros, such as Daenerys Entertainment, Cersei Capital, Melisandra, Egret, etc., do not have to wait for the Forbes Rich List in the second half of the year to be released. Simon Westeros’ personal assets have obviously exceeded US$100 billion.

When some media began to quietly count Simon's personal wealth in order to gain some attention and sales, another news came out on the following weekend.

Westeros, a subsidiary of Egrit, which is tied with Cisco and American Online, will conduct its first external equity financing with a share sale of 10%.

Quotation, $1.5 billion!

When many people saw this news in the media, their first reaction was that the lion spoke loudly.

However, there was silence immediately.

A 10% stake, $1.5 billion, means Westeros value Igrit at $15 billion.

Companies with similar market value in the market should also be calculated based on a higher P/E ratio of US$3 billion, and revenue and profit scale should also be around US$5 billion and US$500 million.

Igrit's revenue in 1992 was only US$1.937 billion, and its losses in the past year reached US$139 million.

However, Igret is obviously impossible to classify as a traditional enterprise.

This is a recently sought-after Internet company.

And it almost controls the World Wide Web portal.

It’s not that there are other technology giants in the industry that are looking for new network technology standards to circumvent the barriers to the patents of the World Wide Web in Igrit Company. However, the development of the World Wide Web is too rapid. At this stage, 90% of Internet sites use World Wide Web technology, so for ordinary people, the World Wide Web is actually equivalent to the Internet.

Therefore, even if other network technology standards are introduced, the first thing to be implemented must be compatibility with the World Wide Web.

Otherwise, your network cannot connect to 90% of the Internet sites, so what else is necessary to exist?

If you want to achieve compatibility with the World Wide Web, it is impossible to bypass the World Wide Web patent.

Therefore, anyone with a discerning eye knows that it is difficult to create a network standard that competes with the World Wide Web technology, just like creating a compatible DC system in the AC power grid system that has been widely used in the world, and there is no possibility of realization.

Since it is impossible to compete with the World Wide Web, if you want to get a share of the pie in this industry, you must join it.

In the past few years, Egret has also shown a considerable open attitude. In addition to some patents involving core business interests, Egret's free World Wide Web technology is enough to allow other new technology companies interested in this field to develop their own businesses.

However, the market created by this openness cannot be like the value contained in Egret Company itself.

Therefore, since Igret started to emerge, many people have closely watched the development of this company and have tested more than once in the Westeros system whether it can invest in this company.

The answers in the past are naturally specific.

Relying on the profits contributed by companies such as Daenerys Entertainment and Cersei Capital, the Westeros system has no urgent demand for funds. Moreover, even if it is short of money, the foundation of the Westeros system is enough to easily obtain US$1 billion in loans from major banks.

Therefore, many people once thought that Egret Company might remain absolutely private for a long time.

Because they were unable to get involved in it and personally share the pie, some forces have begun to think about how to "remind" Simon Westeros not to eat alone.

Unexpectedly, with a series of major events related to the new technology field in March, the Westeros system took the initiative to release the news that Igrit Company would conduct external financing.

This is news that many people have been waiting for for a long time.

However, the result is somewhat different from the imagination.

A 10% stake, $1.5 billion, is really too expensive.

Even if I know that Igrit is indeed worth the price, it is only $1.5 billion, not $150 million, not $15 million.

Such a huge amount of funds can only obtain 10% of a company's shares. Any capital interested in Igrit Company will inevitably hesitate again and again.
Chapter completed!