Yao Jianhong returned from North America and was officially promoted the next day. He was appointed as the global executive vice president of Costa del Azure, becoming the second-ranked figure in the company's core management level after Luo Sheng.

Originally, his 0.2% equity in the Costa del Azure company had to wait a few years before it could be converted into real shares, but due to his outstanding contribution, he became the company's real shareholder in advance.

In addition, he also joined the board of directors of the Coast of Azure Company and became a director. In his position as core management, he became executive vice president, general manager of supply chain, global president of sales and services, director of semiconductor business department and other important positions.

The Costa del Blue Company currently has no major new plans and has initially opened up the situation. The first task is to consolidate the market and do a good job in sales. Making money is the top priority. Then repay the company's debts, and the remaining profits will be invested in the new R&D plan.

Especially for the semiconductor industry, this requires tens of billions of budget investment, and it is really impossible to play without money.

Although the profits of the Azure series smartphones are high, if you want to avoid being choked by foreigners in core technology and key supply chains in the future, you must embark on a path of technological independence. This path requires countless funds to pave forward at any cost to embark on an independent research and development path that is not subject to others.

Such a development path requires high profits to maintain support, and it is not achieved overnight.

In the following days, the Costa del Blue Company operated as planned, and the R&D team has begun to enter the research and development stage of the next generation of products. The considerable sales have brought about the funds being recovered. The financial enrichment will naturally not let the money lie on the account, but will be invested in the research and development of new products.

...

It is August, Blue Star Technology Headquarters.

"Mr. Luo, the company's semi-annual report (second quarter report) has been audited." Zhang Bowen came to Luo Sheng's office and handed him a piece of material for approval.

"How is the income? How much impact has the shadow of the subprime mortgage crisis had on the company's performance?" Luo Sheng took the materials and said, opening it and reviewed it.

Zhang Bowen replied: "Basically, the stock market is full of wails, and the European stock market has plummeted across the board, but it has not had much impact on the IT industry at present. After all, the relationship between the two is not large. The company's performance in the second quarter is good, and it can even be said to be strong."

According to the global business audit results of Bluestar Technology Group, in the second quarter of 2007, the group's total revenue was US$7.39 billion (￥56.2 billion), a year-on-year increase of 199% and a month-on-month increase of 13.2%; the net profit in this quarter was US$1.817 billion, a year-on-year increase of 325.5% and a month-on-month increase of 11.27%, which is in line with the expectations of Wall Street analysts.

The company's cash flow reserves are $15.7 billion.

"It's not bad, let's post it in the afternoon."

Luo Sheng quickly completed the approval of the title and stamped the document, closed the documents and handed it back to Zhang Bowen, adding: "The subprime mortgage storm in North America will not affect the IT industry, but if the subprime mortgage storm triggers a systemic financial storm around the world, no one can stay out of it, and large-scale multinational companies like us will be no exception."

Zhang Bowen nodded: "I understand that the Operations Department has taken risks in this regard."

In fact, the way to prevent is very foolish, and reserve cash.

I don’t feel panic when I have surplus food at home.

Bluestar Technology's second-quarter audit financial report was subsequently released. The company's stock rose sharply the next day, and its after-hours trading market value hit a new high, reaching US$168.3 billion.

In the wailing environment of the financial industry, the trend of IT technology stocks has not been dragged down by the market, but has surprisingly risen against the trend. Most IT giants have seen a sharp rise in the market value, while the only exception is that Microsoft, which firmly holds the top spot in the IT industry, is falling.

Currently, among the world's five major IT listed companies, Microsoft continues to dominate the list with a total market value of US$269.4 billion, followed by Cisco's soaring to US$193.4 billion, and Bluestar Technology ranked third with US$168.3 billion.

Google followed closely behind with a market value of $151 billion.

Intel ranks fifth with a market value of US$150.4 billion.

ibm has fallen out of the top five.

During this period, even Amazon's market value doubled, reaching US$33 billion.

It can be said that it technology stocks are in sharp contrast to the current stock market, but Luo Sheng knows very well that the entire world economy will collapse soon, and the IT industry will not be spared. Basically, whether it is Microsoft, Google, or Blue Star Technology, they are unable to turn things around in the face of such a general trend, and their market value will be cut in half.

However, for Bluestar Technology, which has more than $10 billion in cash reserves, it is a good thing. Luo Sheng is thinking about taking advantage of the general trend of buying back when the stock price falls to a low point.

Only by holding cash in hand and having enough cash can you survive this difficult period smoothly, otherwise even if you are not destroyed by this financial storm, you may be bought at the bottom.

...

New York, successor hedge fund.

When Michael Barry came to work on time, employees sitting in the lattice in the office looked at him, and Michael's assistant suppressed his excitement and said: "Boss, two mortgage hedge funds under Bear Stearns have declared bankruptcy, and AHM company filed for bankruptcy protection..."

"The prelude to harvest has begun, and we will win after all... It seems that the economy is about to collapse, so let's start selling, $4.2 billion." Michael said lightly and entered his office. During this period, he couldn't help but look at the whiteboard hanging on the wall, which had a string of negative numbers written on it:

-19.9%

The successor fund has hit nearly one-fifth of its loss so far. Michael silently glanced at the negative numbers on the whiteboard and ignored them. The negative numbers written on the whiteboard are outdated.

Sitting in the desk, pulling out the keyboard and typing it for a while, the landline phone sounded, Michael picked up and answered the phone, and a sound came from inside:

“I am Dipo Winston of Goldman Sachs and are evaluating your credit default swap and I want to confirm whether the value is reasonable.”

"Wow, are you saying you have jumped down to buy short positions in person? That's great, I can finally evaluate my credit default s After all, this is good for Goldman Sachs." Michael said calmly, but when he finished this, the corner of his mouth couldn't help but tilt. Now everyone is going to buy default swaps and come from the warranty. The market has completely tilted towards him. This is the best time to cash out and leave the market.

"I don't understand what you want to hear..." Dipo Winston replied with a puzzled look on his face.

"Ok...I think you've said that." Michael replied with a smile, then ended the communication, and then showed a bright smile.

He is not in a hurry. Goldman Sachs can survive. Michael firmly believes that Goldman Sachs can definitely survive this crisis and be very comfortable, because in this storm, Goldman Sachs shorted its subprime mortgage assets and also drained other investment banks' blood to fill its own shortcomings.

After a while, Michael re-dialed Regan: "This is a successor hedge fund, I want to sell default swaps."

“What kind of default swap?”

Michael: "Debt-secured bonds for AA-class asset-backed security."

“What is the nominal value?”

Michael: "The books are $300 million."

"Well, we'll pay you $60 million."

Michael: "No, I want $150 million."

"We may not reach an agreement, and it is difficult to reach a consensus."

Michael: "Ok, $145 million."

“$120 million.”

Michael: "$140 million."

“$120 million.”

Michael: "$137 million."

“$120 million.”

Michael: "$133 million, this is my last bottom line."

"Well, $133 million."

The communication ended soon, and the transaction was actually very complicated, but simply put, Michael bought $1,500 in credit default swap, and the current nominal value is $300 million. He is now selling it for $133 million, and what he gets is real money and profits explode.

Michael continued to call the next bank to contact information.

"This is the successor fund, we want to sell credit default swaps..."

“What is the nominal value?”

“$208 million.”

...

In the following days, the successor hedge funds, including Paulson hedge funds, began to trade credit default swaps in their hands one after another. This is also a heartbeat process. Their big short sellers are about to leave and must complete the transaction before the bank goes bankrupt, otherwise they will explode on the spot with the bank.

Once the bank goes bankrupt, there will be no money to pay off, and Michael's investment will be wasted.

But these big bears are tightly grasping the time. Although some of them will be missed and lose, losing one or two pieces is not harmful, because the contract is more than one or two points, and it is not a bet with a bank.

Finally, they left safely and made a lot of money.
Chapter completed!