Chapter 138 (1/2)

Simon westero tried to enter Motorola's board of directors. Not only did westero's representative stay in Chicago for three days, but also Motorola's chairman gave him a ”big gift” for Christmas. This is a topic that many people like to talk about during the festival.

Too many people find it hard to accept that a young man who suddenly becomes rich rushes around in the capital market and tries to get involved in his original power behavior.

In the face of the Christmas silence of westero, Wall Street, North American media and technology companies owned by westero are all speculating about how Simon westero will react next.

Monday, December 28.

After the holiday, the working day came back, and the response from westero was simple and crude.

Early in the morning, a tit for tat statement from westero appeared on the same page as Motorola chairman Robert Galvin's statement last week in the New York Times.

”Westero regrets the stock market crash in October, but it has never used any illegal means to try to manipulate the market. Moreover, after the outbreak of the stock disaster, westero company invested a huge amount of money in the buying operation, which played a supporting role in the whole technology stock sector, and a large number of new technology enterprises benefited from it. ”

”Therefore, we can not accept the accusation of Motorola chairman Robert Galvin.”

”Westero's attempt to join the board of directors of holding companies is also to provide appropriate support and suggestions for the development of these companies while safeguarding the interests of its major shareholders.”

”In order to show that westero does not have any speculative intention, we will continue to absorb the shares of 25 companies other than Motorola and increase the shareholding to more than 5% to accept public supervision.”

”Westero has publicly promised that it will not carry out any reduction operation in the next three years for the enterprises that accept us to join the board of directors. For those companies that do not accept us to join the board of directors, besides Motorola, westero will also hold shares for at least one year. ”

”Finally.”

”In response to Motorola's malicious neglect of shareholder representatives and inappropriate remarks, westero will reduce its holdings of all Motorola shares.”

After the release of westero's statement, the media and Wall Street quickly interpreted the core content: Simon westrow will reduce the value of hundreds of millions of dollars in Motorola shares, while continuing to absorb other technology stocks.

This is actually Simon's intention to make a statement in advance.

As a large investor that can affect the whole technology sector, if westero company reduces its holdings of Motorola without warning, other technology companies held by the company will also be affected, causing a series of chain reactions.

Now.

Simon said in advance that he would not only target Motorola, but also continue to absorb other technology stocks and maintain long-term holdings. Westero's sell-off of Motorola shares will not cause panic in the market.

Next.

When Wall Street was still guessing what kind of reduction strategy Simon would take, at 9:30 a.m., the New York stock market had just opened, and the selling order of 1 million shares of Motorola stock directly hit the market. This unreasonable behavior of smashing the stock market broke a gap in the whole market curve.

Until the news completely spread, the investors who thought the stock market disaster would come again stabilized.

However, led by westero, the whole market began to sell Motorola shares. At 4 p.m., the stock market closed, and Motorola's share price has plummeted to $62, down 17.9%, from $75.5 at the close on Thursday.

In just six and a half hours, Motorola's market value evaporated $1.280 billion.

At the same time.

When the evening paper was published in the afternoon, the news appeared in the paper that westero company reported its shares to the SEC for another 25 companies.

Besides Motorola, the total value of the other 25 companies held by westero is about $1.3 billion, all of which increase 0.1% to reach the 5% reporting standard. Actually, westero only needs to invest less than $13 million.

In addition.

Before today, westero has only confirmed the board seats of five companies. But by the end of the afternoon, the number had increased to 11, and executives of the remaining companies had called to discuss.

Faced with a market value loss of more than US $1.2 billion, Motorola naturally can not calm down.

After the New York Times statement in the morning, Motorola was still quite strong, but at noon, the other side's attitude had softened completely. However, subsequent calls to Motorola were basically blocked on the ground that Simon was in a meeting.

Simon is really in a meeting.

After two days of negotiation over the weekend, James Leibold officially joined Simon's company as the president of Westeros. His previous title was legal adviser of the company.On Monday morning, Simon discussed with James Leibold and the team of Leibold law firm about the acquisition of new world entertainment. The law firm will be headed by Carol Leibold, Jennifer's mother.