Chapter 548 Open Mobile Alliance
In fact, as time goes by, the CDO gambling agreements and CDS bonds held by the Black Swan Fund will bring more and more benefits to their gambling "customers". greater losses.
But successfully choosing the right direction is one thing, and how to ensure that their profits can be smoothly "settled" is also a problem.
After all, what needs to be considered is that the Black Swan Fund is so big that it can be said that it is almost on the opposite side of the entire Wall Street. Their betting clients include not only the five major investment banks on Wall Street and some established commercial banks. It also includes some of Europe’s major investment banks.
What are the rules? Does it have to be followed?
If you really think that the West "respects the rules", then you are really out of your mind.
They don’t mind following the rules as long as they can bear it, but when it comes to life and death... what are the rules?
But there is no need to worry too much, because as the moment of market reversal arrives, except for some investment banks that are deeply involved in it and have invested too much in the subprime loan market, it is difficult to turn around. Other institutions will immediately change their positions from long to short. In this case, those institutions that are too late to change will become the fat meat.
Including Goldman Sachs and Morgan Stanley, they will be part of the reversal. They have begun negotiations with the Black Swan Fund - they hope to resolve these gambling agreements as soon as possible and join in the short selling. The Black Swan Fund holds the most short-selling chips.
Now, it is about to enter the second stage of the subprime mortgage crisis. Before that, the profits of the Black Swan Fund have exceeded 20 billion US dollars...
…
Just two weeks after the successful launch of Honor Mate1, on July 10, the Open Handset Alliance (OpenHandset Alliance) held its first developer conference in Los Angeles.
This alliance was announced at the Android conference at the beginning of the year. Its purpose is to support the Android mobile operating system and application software released by Android companies, and to jointly develop the open source code of the Android system.
Members of the Open Handset Alliance (OHA) mainly include mobile phone manufacturers, mobile phone chip manufacturers and operators.
Currently members of the Open Handset Alliance include Android, Honor Electronics, Woaw Technology, Samsung, Qualcomm, Texas Instruments, O2 Telecom, China Mobile, Intel, LG, Motorola, T-Mobile, Telecom Italia, There are more than 30 companies in total including Telefonica, China Unicom, Nvidia, ARM, Broadcom, and Avago.
These companies will become founding members of the Open Handset Alliance.
In addition, at this developer conference, the Android company released the latest update to version 1.1 of the Android system, and announced that it will release the first major upgrade version of the Android system before the end of this year, Android system version 1.5 Cupcake (Cupcake) - Just like the original time and space, every major Android update version will be named after some kind of dessert.
After Apple and Honor Electronics successively released the epoch-making full-touch screen smartphones of the IPhone and Mate series, because Apple’s iOS system is not open, but a closed system, mobile phone manufacturing began Businesses have joined the Android camp and put the development of new smartphones equipped with Android system on the agenda.
But when they launch these mobile phone models, it will have to wait until next year at the earliest...
After all, after the launch of IPhone1 and Mate1, subsequent manufacturers hope to develop similar mobile phone models, and they still need to solve the problem One problem is how to bypass some patented technologies, including appearance patents.
Companies including Samsung, Motorola, LG, etc. all have plans to launch Android phones. At this time, Nokia, the leader in the mobile phone industry, is still focusing on its own Symbian system.
In addition, Google, which acquired the Android company in Barron's previous life, is also accused of secretly developing its mobile operating system, which may be launched before the end of the year... In this regard, the Android company is not too aggressive. Instead, speed up version development and updates at your own pace.
After all, in Barron’s previous life, after Apple’s iOS system and Android system were launched, it was not that there were no other major manufacturers launching other mobile operating systems to compete. Among them are powerful companies like Microsoft, which do not pose much of a threat to these two.
……
After entering July, IC Capital completed another investment. They invested US$5 million in Twitter, acquiring 25% of the shares of the start-up company that had been established for about a year.
Twitter began as a simple group messaging service called twttr, developed by Jack Dorsey of the podcast company Odeo.
Odeo failed at podcasting and was acquired by a group of employees who decided to focus on social networking.
In March 2006, Twitter was created by Jack Dorsey, Noah Glass, Biz Stone and Evan Williams, and was officially opened to the public on July 15.
To put it simply, Twitter can be regarded as a product similar to China’s Weibo, except that it later developed into a global social media platform, and in Barron’s previous life, it was used by The richest man Musk acquired it and changed its name to X.
Twitter is currently in a very early stage. IC Capital’s $5 million investment did not even require Ivanta’s personal intervention. Instead, it was completed by sending an investment manager.
After Woaw acquired DoubleClick and YouTube, IC Capital held 812 million shares of Woaw Technology, accounting for 16.92% of Woaw's total share capital, becoming its second largest shareholder.
Although there have been signs of the subprime mortgage crisis since February of this year, until now, it has not spread to the entire American stock market, and even various stock indexes have continued to rise. New highs after the bubble crisis.
The stock price of Woaw Technology has been rising due to the increase in its users and advertising revenue. It has now exceeded US$6.8 and is heading towards US$7.
Not only Woaw, but also the stock prices of Internet technology companies such as Microsoft, Google, Amazon, and Skype are rising. It can be said that the stock market is now booming, and the stock prices of subprime mortgage-related companies have plummeted. It's just a "little episode".
At this time, IC Capital began to reduce their holdings of Woaw shares.
Of the total 812 million Woaw shares they hold, 660 million shares were previously mortgaged to obtain funds and invested in the Black Swan Fund, but when they sold YouTube last time, IC Capital In addition to Woaw's shares, it received $350 million in cash.
After paying back part of the loan to the bank, they also "unlocked" the partially pledged Woaw shares.
IC Capital’s goal is to reduce its holdings of Woaw shares by more than 200 million shares by March next year, from 812 million shares to about 600 million shares. about.
It is expected that as Woaw's share price rises, it should be able to obtain US$1.4-1.5 billion in funding.
(End of this chapter)