Igret IPO has not readjusted its fiscal year cycle afterwards, but is still calculated based on natural years.

On October 23, in the third quarter of 1995 financial report released together with the new year Forbes US 400 Rich List, the revenue in a single quarter increased by 71% compared with the US$3.31 billion in the same period last year, earning 5.65 billion US dollars. Even if the company's net profit was only $310 million, even if most of the attention was snatched away by the Forbes list, this financial report can only be described as shock in the eyes of those who are interested.

Including the revenue of US$3.91 billion and US$4.73 billion in the first two quarters of this year, in the first three quarters of 1995, Egret's annual revenue has reached US$14.29 billion, and it is expected that the annual revenue in 1995 can easily exceed US$20 billion.

In 1994, Igrit's annual revenue was only US$11.67 billion. For most companies, revenue exceeding the threshold of 10 billion US dollars and continuing to maintain a growth of about 30% is considered a rapid pace. Igrit's expected revenue growth in 1995 can still reach more than 70%, which can only be said to be a miracle.

However, if you carefully analyze Igret's detailed financial report, there is no trace of moisture in this business miracle.

Due to the great explosion of the Internet industry, Igret, which has created the www standard and firmly controlled the browser entrance, has its basic Internet tool software, yws cloud computing services, online advertising services, software and game stores, e-commerce platforms and other products. Market demand has shown an exponential growth trend with the explosion of the entire industry.

In the case of monopolizing most of the core patents of the World Wide Web technology, Igret's core products are the only ones, so they have the absolute pricing power.

Any company or capital who wants to get involved in the Internet field must first spend expensive prices to purchase the complete set of basic Internet tool software of Igret. Especially after these software have changed from selling to subscription mode, it is no longer so easy to use pirated software.

After purchasing software, if you want to set up a website to provide services quickly and easily, using yws directly is undoubtedly the wisest choice.

Whether it is opening a website or operating new technology-related products, if you want to promote it, you can't avoid various online platforms of Igret.

Igrit's software and game store is the preferred platform for many small software and game developers that are unable to independently publish.

All these.

In 1995, the total scale of capital that directly poured into the new technology field had reached the level of 100 billion US dollars. The crazy burning of capital made Egret, which created the World Wide Web standard, naturally become the biggest beneficiary.

Even if Simon has been deliberately suppressing Igrit, don’t pursue profits too much at this stage, this new technology giant is still making money every day.

It can't be blocked.

Crazy capital accelerates the development of the Internet industry, and Simon is happy to see it happen, but he doesn't want to see Egret also fall into madness.

Therefore, during the morning conference call, Simon was still repeatedly reminding several responsible persons to start seeking stability.

Igrit's crazy expansion in the early stage was mainly to launch more and more abundant online services and content in the shortest time to meet the needs of peers and attract the public to open network services. Now, this work can be relayed by other crazy capitals. What Igrit needs to do is to be patient and deepen its existing business, software services, emails, online payments, search engines, social networks, e-commerce, etc.

If the time had not come, Simon wanted to streamline and lose weight to Igret.

Even though Simon repeatedly recited the spell of the management, after the idio was completed, Igret still made frequent moves recently.

The first is a batch of data centers that will be built in overseas countries. At one time, there are eight data centers, located in the UK, Germany, China, Japan, Singapore, Italy, Spain and Australia. Although the scales are different due to the different local industry status, the total investment of the eight data centers is expected to reach US$2.5 billion.

This plan is not only an established strategy for Igret, but also a way to show investors its own attitude.

In the original prospectus, Igrit emphasized that the funds raised in this public offering were mainly to promote overseas expansion. He also believed that Simon's promise when he met several Washington giants at the White House was that he would not forget.

The total of eight data centers with an investment of US$2.5 billion is Igrit's attitude.

Not only that, A. Online, Cisco and even Verizon will cooperate with Egret's plan.

While improving its local infrastructure network, the United States Online has begun to lay the company's own private transatlantic submarine optical cables, and will launch a transPacific submarine optical cable program with a larger scale and investment.

While building a new batch of large data centers, Egret has recently released the latest recruitment plan for up to 20,000 people, of which only 3,000 people are in the United States, and the other 17,000 people are all aimed at expanding global recruitment for various overseas branches.

The new technology industry bubble in the United States has indeed formed.

However, the market value and size are the first to attract a lot of criticism like a target. Even compared with Cisco, American Online and other companies in the Westeros system, they are actually the company with the least bubble component.

Although the haze of the shutdown of the Wisconsin distribution center has not yet dissipated, when the first quarterly financial report after the Igret IPO was released in the new week, it still caused a strong response in the market.

When Simon ended his remote video conference with Igrit's senior executives at around 12 noon on the East Coast, Igrit's stock price rose 6.1% since the opening in the morning. By the end of the New York stock market at 4:30 pm, the single-day stock price of Igrit's company finally rose 11.7%, and its market value soared from US$253.9 billion before the opening in the morning to US$283.6 billion.

The capital market has never lacked an irrational side, but some things are obvious.

After the U.S. stock market closed in the afternoon that day, Barron's magazine published an analysis article on its official website, pointing out that according to Igrit's current revenue volume of US$20 billion, if the company abandons its aggressive expansion strategy and starts to pursue profits immediately, according to the 20% net profit margin standard of new technology companies, Igrit can achieve an annual profit scale of US$4 billion.

Therefore, the market value of US$283.6 billion closed on the same day is actually only equivalent to a price-to-earnings ratio of 54 times.

Considering that Egret still maintains an annual revenue growth rate of more than 70% after its revenue exceeds 10 billion US dollars, the 54-fold price-to-earnings ratio is not only not watery, but is even quite conservative. At least doubled it is worthy of the true value of this company.

In fact, that is.

The market value of Igrit Company still has at least double its room for growth, and it is even very likely to exceed US$600 billion in the end.

When this article of Barron's magazine was pushed to the homepage of the portal by Igret, there were no shortage of supporters, but it quickly attracted a large number of opposition voices. Julian Robertson, the founder of Tiger Fund, who publicly threatened to short the Westeros system technology stocks, bluntly criticized Barron's magazine for "sensationalism" in an online interview with CNN that evening.

As a result, news soon spread on the Internet.

Because the entire Nasdaq market continued to rise during this period after Igret's listing, many hedge funds on Wall Street that followed Julian Robertson to establish short positions in technology stocks have suffered heavy losses. From October 6, in two weeks, the book losses of short positions on Wall Street may have exceeded nearly $1 billion.

If Egret and other technology stocks in the Westeros system continue to maintain their current growth rate, at most one month, many short sellers will clear their positions and exit because they have no choice.

In the midst of the situation, Simon's news is more accurate, so he also knows more detailed inside information.

However, according to the information collected by the team of Cersei Capital, the recent losses of short sellers in the Westeros system technology stocks have not been less than US$1.6 billion. However, Cersei Fund Management, which focuses on hedging operations, has made less than US$500 million in the book profit, because there are also many bulls entering the market after hearing the news.

There are more wolves and less meat.

On the contrary, Julian Robertson's Tiger Fund actually suffered not much loss.

The Wall Street financier obviously encouraged a large number of cannon fodder to attack the front station first, and Tiger Fund did not establish many short positions.

After finishing his daytime work, Simon also made an appointment with Verizon Telecom Company Ceo Raymond Smith in the evening to discuss the layout of the Westeros system telecommunications field after the Clinton administration will enact the Telecommunications Act.

When Simon bought Bell Atlantic, the predecessor of Verizon Telecom, he mainly focused on Raymond Smith, who had expanded Bell into a telecom giant that was comparable to At-T. Due to the US telecom control and industry antitrust regulations, Verizon Telecom's renamed landline business will still be concentrated in several states on the east coast of the United States for several years.

However, the rapidly emerging mobile communications service does not have such restrictions, just like the Internet access service that has taken the lead by American Online.

Therefore, Verizon Telecom's operating center in recent years has been mobile communications.

With Simon's unremitting support, during the mobile communication spectrum license auction held by the Washington authorities last year, Verizon spent $1.8 billion and directly acquired half of the spectrum resources. Verizon Telecom's mobile communication network has now spread to the entire East Coast of the United States, and it can be said to be the only one.

In addition, Verizon Telecom and Westeros system companies have also expanded rapidly in their cooperation with Westeros and other companies to spend overseas.

During the Forbes magazine's wealth list statistics, as a private wholly-owned subsidiary of Westeros, Forbes magazine gave a valuation of US$30 billion and claimed that because there are no listed employees, the valuation of US$30 billion is still very conservative.

In order to avoid being watched, the dinner was directly selected in Simon's apartment on 68th Street, Upper East Side.

After waiting for the girl A to deliver lunch to the two of them in person, Raymond Smith chatted with Simon, looking at the still young face opposite the dining table, his heart full of emotion.

Raymond Smith also got the latest issue of Forbes magazine in the morning.

$700 billion.

When Raymond Smith just saw this number, his first reaction was also incredible, even though his boss's net worth had reached 300 billion US dollars last year.

You know, $700 billion is close to 10% of the federal GDP.

According to the US Treasury Department's expectations, in 1995, the federal GDP was expected to be only 7.6 trillion US dollars. It is equivalent to Simon's wealth alone reaching 9.2% of the federal GDP, which is far greater than the 1.5% ratio of the Rockefeller family during its peak period. Even the three major families of Morgan, Rockefeller and Carnegie combined cannot match it.

Looking around the world, this number is even more exaggerated.

Not to mention the detailed figures in 1994, but in 1995, there are less than 10 countries with annual GDP exceeding US$700 billion. Raymond Smith specifically checked the information in the morning. This year, China, which is expected to rank 8th in the world, have a GDP of approximately US$730 billion in the whole year.

China is a huge country with a population of 1 billion.

Spain, ranked 9th, is expected to have only US$610 billion in GDP in 1995.

This means that the personal wealth owned by this young boss is enough to rank 9th in the world.

Rich is as good as a country.

As for whether the number 700 billion US dollars is watery, after reading the special article of Forbes, Raymond Smith had no doubt at all.

However, the shares of Cisco, AOL, Egret and Daenerys have contributed $500 billion in personal wealth to their boss.

This is based on the market value of the company at the beginning of the month. At that time, the market value of Igret was less than US$230 billion.

And just one day today, Igret's market value reached a high of US$283.6 billion.

According to the owner's holdings in Igrit, it is equivalent to an increase of nearly $30 billion in net worth in one day, which is more than everyone else on this year's Forbes list except for Bill Gates, second place, and third place Warren Buffett has only $12.6 billion in net worth, less than half of Simon's daily net worth increase.

In addition to the four most valuable companies including Cisco, the entire Westeros system is not counted as many subsidiaries of the four giants. Simon has invested or controlled by companies in recent years. Among them, companies with a market value or valuation of more than US$10 billion are still not counted as the four giants, and there are 11 other companies.

There are countless other companies such as Qualcomm, Aliya, Instagram, Aldeck, ATI, etc., and it is hard to say which of them will suddenly start to develop rapidly and become the ranks of corporate giants.

Just the shares of these companies are enough to raise another $200 billion and have surplus.

These are just open assets.

According to various circulating news over the years, in addition to the large number of non-listed companies at home and abroad, Westeros has even bought a large number of stocks of traditional corporate giants such as General Electric, Boeing, and Freddie Mac. It is just that the shareholding does not exceed 5% of the shares and does not require disclosure, so there is no specific information.

As for how Simon obtained enough funds to make the investment he wanted, it is not difficult to imagine how to see "Forbes" directly gave a valuation of Cersei Capital of $30 billion. Cersei Capital is a Wall Street financial upstart held by Westeros and his wife, and only the shares of its subsidiaries will be distributed to others.

In recent years, every large financial turmoil, whether in the European currency crisis or the Mexican peso collapse, has no shortage of the shadow of Cersei Capital.

What's more, even without Cersei Capital, with the influence of the name Westeros, it would be easy to borrow money from various banks, even if it was billions or tens of billions of dollars.

This is the way of the world. The richer the people, the more they like to lend money to each other.

Moreover, it is worth mentioning that the hundreds of billions of dollars of social assets controlled by Black Rock Asset Management, a subsidiary of Cersei Capital, is a capital chip that cannot be underestimated in the hands of the Westeros system.

Compared to those ordinary people who are confused, Raymond Smith, who is at the top of this social pyramid, can also better understand what this wealth means.

Today's Americans are inevitably exposed to information related to the Westeros system almost every day, and they may use various products and services related to the Westeros system almost every day. This is the most intuitive manifestation of Simon's personal wealth. The Westeros system has begun to affect all aspects of Americans.

The industries involved in the Westeros system may not be as sensitive as energy fields such as electricity, petroleum, etc. However, if the Westeros system wants to deal with some people now, it only needs to cut off the various industrial services involved, and it will be very difficult to encounter people targeted.

From the White House to the civilians, without exception.

Therefore, after learning about the Wisconsin Logistics and Distribution Center, Raymond Smith felt that the American Truck Driver Union had really made a big move.

The United Auto Workers Federation's excessive demands have destroyed the huge automobile industry that the United States could have dominated the world. Such an obvious lesson in the past, and going up to the current anti-union trend of the entire American society, how could the Igrit Company succeed in the Truck Driver Union?

To develop these insignificant means and want to lie on Igrit's company and suck blood directly, it will not only not succeed, but will only make Igrit more afraid of the truck driver union. In addition, it is too easy to deal with the various chronic diseases accumulated within these old unions over the years.

What's more, the only super rich man in the world who controls Igrit is the 700 billion US dollar.

Not only that, in this year's Forbes 400 Rich Rich List, except for Simon, who is above the top, the entire Westeros system is emerging. The 400-person list does not count as Bill Gates and Larry Ellison, these super rich people who are just related to holding shares rather than the core of the system. Simon personally supports this Westeros system core executive and makes it on the list. There are 37 members of the Westeros system who are on the list.

It also almost reached a tenth proportion.

Through a generous contract given by Simon a few years ago, Raymond Smith himself was fortunate to rank among them with $450 million in personal assets.

In a capital world like the West, all these people are a terrifying force that can destroy any force.

All the forces of the entire Westeros system are gathered together, not to mention just targeting a certain person or a company, even if it is a country, even if the country is the United States, it will inevitably be a disaster when it comes to confrontation, and other small countries are even more easily destroyed.

In comparison, the capital oligarchs who sold emperors and wars in the long history of humanity are just a slim compared to the current Westeros system.
Chapter completed!