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Chapter 576

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    You can search "Looking Back 1991" in Baidu to find the latest chapter!

    Thirty years in Hedong, thirty years in Hexi.

    The current Huawei company is not the Huawei company that sold itself to Motorola of the United States for US$10 billion at the end of 2003.

    In just two years, Huawei has been sublimated in the nirvana of the phoenix and has become the most beautiful boy in the field of wireless communication equipment in the world, with a very strong upward momentum.

    Year 2003

    ?Competition in the domestic telecommunications market is extremely fierce. State-owned provincial and municipal telecommunications bureaus do not trust Huawei's products, but instead favor foreign manufacturers.

    ?Huawei encountered obstacles everywhere in domestic bidding, and even failed to get equipment orders from the Eastern Guangdong Provincial Telecommunications Bureau.

    ?The brand has not been launched, and the company has little chance of opening up overseas markets. In most cases, it is going around in the Asian, African and Latin American markets, and the profit margin of the products is very poor.

    The two major telecommunications markets in Europe and North America are not developing smoothly. Most of the multinational operators in Europe and the United States do not recognize Huawei¡¯s products. The 3G business that supports the core of the enterprise has no hope at all.  .

    At the end of 2003, Huawei's annual sales were 31.7 billion yuan, a sharp drop of 23% from the previous year.

    ?Considering the sensitivity of the digital communications industry, it is possible that it will be attacked by the US government in the future. Under various embarrassing circumstances, Mr. Ren, who is far-sighted and far-sighted, finally compromised.

    Huawei has been in frequent contact with Motorola and plans to sell it for US$10 billion.

    The two parties have signed a formal agreement on the acquisition. Who knows that the new president of Motorola thinks that the price of 10 billion US dollars is not worth it at all, and brazenly tore up the acquisition agreement, and went to court with Huawei for patent infringement.

    ? Learn from the pain

    Mr. Ren is relentless in developing Huawei, using wolf culture to encourage employees to be self-reliant and self-reliant, and forcibly blazing a trail.

    Huawei has developed a full range of cdma and wcdma products, and holds core patents. In early 2004, the large 3G order from British o2 Communications Company was a timely rain.

    Since then, Huawei has taken advantage of this shareholder wind to enter the two major communication markets of Europe and North America, and its operating performance has experienced a dazzling surge.

    In 2004, Huawei's annual sales were 65.1 billion yuan, a sharp increase of 110.5% over the previous year.

    In 2005, the annual sales exceeded 100 billion yuan, reaching 110.2 billion yuan, of which overseas sales were 5.873 billion US dollars. This is no longer running, but galloping all the way.

    Huawei has established 8 regional departments, 55 representative offices and technical service centers around the world, with sales and service networks all over the world, serving more than 270 operators, including 22 of the world's top 50 telecom operators.

    The products have entered more than 70 countries including Germany, France, Spain, Brazil, Russia, the United States, Fuso, Egypt, Thailand, Singapore, and South Korea, and the market prospect is promising.

    ? According to the prudent assessment of HSBC;

    With reference to the stock prices of similar companies in the world, Huawei's valuation should be between 44 billion and 48 billion US dollars. This is a conservative estimate, and there should be 15 to 20% of the actual value.

    In just two years, Huawei has achieved a gorgeous transformation from an ugly duckling to a white swan. The current Motorola board of directors is completely remorseful. Torn up the M&A agreement is the most stupid thing they have done in their life.

    As a long-term strategic investor of Huawei, the Royal Family Fund is expected to hold 13.5% of Huawei's shares after listing and dilution, making it the third largest shareholder.

    ? Hilton Hotel Conference Hall

    "Hahaha I haven't seen Brother Ren for a few months, but your spirit is still so vigorous, and your style is still the same as before."

    "Brother Yaocheng, brother, I won't say anything."

    Mr. Ren held Wang Yaocheng's hand with great emotion, shook it vigorously, and said solemnly; "Today, I am here on behalf of Huawei people to make a statement. No matter what happens in the future, Huawei will stand firmly by your side and do the best.  A trusted ally."

    Wang Yaocheng knew how important this promise was, so he nodded vigorously and said, "I will keep it in mind, thank you Brother Ren for your trust."

    The two big men looked at each other and laughed, and greeted a group of senior executives participating in the meeting one after another. For Royal Family Fund, there were Shi Xueyi, director and chairman of the board of supervisors of HSBC Bank, Qi Yaonian, director and senior vice president, Wang Huiyang, president of Hong Kong Globe Telecom, and Wang Huiyang, vice president of Hong Kong Globe Telecom Corporation.  President Tian Yuan and others, as well as Huawei's top executives, gathered in Huaizhou to discuss major issues.

    There are two themes of this closed-door meeting;

    ? One is that in early 2006, HSBC, the lead underwriter, will negotiate with the listed company Huawei on various matters related to listing in Hong Kong and London respectively.??, investing in a company is more about investing in an outstanding entrepreneur, such as investing in Mr. Jobs, investing in Mr. Chambers, and now investing in me, Ren Zhengfei. It seems that from the perspective of maintaining the famous brand of the God of Fortune, I also  Only by taking Huawei to a new height can we live up to the trust of Yaocheng's brother.  "

    "That's what I mean, thank you Brother Ren for joining us!"

    "Haha easy to say."

    ? In the evening, Wang Yaocheng personally hosted a grand dinner to entertain a group of executives from Huawei who came from afar.

    Relevant leaders of the Huaizhou Municipal Government also attended the banquet. They sincerely welcome Huawei to invest in Huaizhou, and promise to provide preferential policies for the settlement of high-tech enterprises, and give full support in terms of land, taxation, water and electricity facilities, and finance.

    ? During the banquet, there was a lot of joy and laughter, and the big bosses gathered together to have fun. The accompanying government staff recorded all this with the camera, and it will be forever frozen in the historical fragments. (Remember the website website: www.hlnovel.com
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