When Nortel Networks went bankrupt in its previous life in January 2009, its market value was only US$50 million.
And their peak business has a market value of US$250 billion.
Such a huge contrast makes every Canadian feel sad but helpless.
They were a little better off in this life, but it was all thanks to Xiao Qi.
Not only because Xiao Qi purchased their cdma department and optical fiber patents; but also because at the beginning of last year, Xiao Qi spent US$2.3 billion to purchase more than 6,000 network patents, and more than 2,000 network patents shared with Nortel Networks
's patent.
Such a sum of money allowed them to continue struggling for a long time, and their current market value still exceeds US$500 million, which is much better than in their previous life.
However, it is not that easy to buy Nortel Networks.
Because Nortel Networks' debt to banks is as high as US$3.5 billion, if you want to acquire it, you will need at least US$4 billion, which is a bit high.
As the top telecommunications operator, Nortel Networks' technical capabilities and patent reserves are undoubtedly excellent, and everyone knows this.
But looking at the need to bear so much debt, many companies would rather buy Nortel's patents and pay royalties, which is more cost-effective - Nortel Network does not dare to ask for patent fees just because the company is in urgent need of money.
There is a basic price, Ericsson, Motorola and other companies all have these related patents. If you ask a higher price, others will definitely buy from other companies.
Xiao Qi originally bought Nortel Networks' optical fiber patents for use in Asia, and this was the reason.
When Nortel Networks collapses, these patents will become the property of the custodian bank.
Banks don't care how much your technology patent is worth, as long as you give them a price, they can sell anything.
People can get exclusive access to Nortel Networks' patents and technologies by spending even less money than they do now. What's wrong with this?
The same goes for Nortel Networks' talents.
Although there are many talents, many of whom are first-class experts in professional fields, why do people want to buy Nortel Networks?
After the collapse of Nortel Networks, these experts will become free. Then there will be no poaching terms involved. You can just give them appropriate treatment and receive them into your own company. This way, the cost is small and the
It would be strange if people don't do things that get a lot of money.
So far, those interested in these experts include Ericsson, Nokia, Motorola, Google, Apple, Microsoft, Facebook...a lot of well-known big companies.
Although Fairy Company is a very well-known large company, it even exceeds these companies in terms of market value and influence.
But there is one thing, Fairy Company has a natural disadvantage.
That's the foundation.
In the Internet industry, some people think it is boring to talk about background information.
Because the Internet is all about innovation, a new company can quickly climb up and directly become a multi-billion or tens of billions of dollars industry, thereby firmly suppressing those century-old companies... This kind of thing is the Internet
This happens often in the industry, and it is something that people are very fascinated by.
But it's not.
Companies in the Internet industry often climb high and fall hard.
For example, the current Nortel Networks and the previous Yahoo are all such representatives, aren't they?
Therefore, many talented engineers are not willing to work for such a suddenly rising company, because if the job is unstable, it will seriously affect their product development and technology updates.
Therefore, in Silicon Valley, in the technology and network industry, Microsoft, Google, eBay, Oracle, Apple, Nokia, Motorola and other companies are the companies that people like to go to most.
The momentum of Fairy Company is very strong, and there is also Mingxiang Holdings North American Laboratory in the United States, but the problem is that it is a Chinese company, not an American company, and it was established not long ago, so it will naturally lose out emotionally.
Therefore, even if the overall conditions are very good, Fairy Company wants to compete with these companies. At most, everyone can sit in a row and divide the results, and each family can get some talents.
But Xiao Qi has great ambitions for the talents of Nortel Networks.
He is interested in more than 1,000 engineers from various industries alone, exceeding 30% of the total number of Nortel Network engineers.
No doubt, at its peak, Nortel Networks had more than 90,000 employees. After several layoffs, the core engineers still stayed.
And one of the important reasons for Nortel Networks' serious losses in recent years is that the salaries of these engineers are too high. Nortel Networks is completely unable to make ends meet just by paying their salaries and the expenses of the projects they designed.
.
Xiao Qi is not afraid that he will not be able to support so many engineers. He is only afraid that he will not be able to recruit enough personnel to develop his own 4G and 5G networks, as well as continue research and development in telecommunications fields such as optical fiber transmission.
So Xiao Qi thought of a way and had already started contacting the senior executives of Nortel Networks before he came to the United States.
When Yahoo was just sold, Xiao Qi turned around and asked Zhou Bo to announce an agreement with Nortel Networks.
"With the approval of the Nortel Networks board of directors, Fairy will contact Nortel Networks engineers to try to reach a recruitment intention."
Seeing this announced agreement, countless people were in a daze and puzzled.
strangeness?
Why do you still need the approval of the Nortel Networks board of directors to poach engineers?
Besides, you are so blatantly poaching people so early, can you just not bear it?
Nortel Networks will go bankrupt in at most two months, so there's no need to be so impatient, right?
After the second announcement came out, many people were even more confused.
"Fairy Girl Company strictly abides by the laws of the United States, Canada and other countries. For all Nortel Network engineers who have signed a work contract with Fairy Girl Company, Fairy Girl Company will provide engineer resignation compensation to Nortel Networks Company in accordance with the negotiation agreement with Nortel Network Company."
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Poaching and losing money is a normal rule in various companies.
But the question is, is Xiao Qi sending money to Nortel Network without knowing it?
Is it necessary for Nortel Networks, which is about to go bankrupt, to give them such face?
With the strength of Fairy Company, are you still afraid that after Nortel Networks goes bankrupt, it will not be able to attract outstanding engineers?
In other words, Xiao Qi is stupid?
…
Everyone was extremely confused and couldn't guess why Xiao Qi wasted money so much.
Even the engineers at Nortel Networks are a little baffled.
Many people have had contact with Fairy Company's Mingxiang Holdings North American Laboratory, and many people have considered working there. But what is Xiao Qi's reason for making such a big splash?
However, immediately afterwards, a post from an engineer appeared on Nortel Networks' internal employee forum.
"Nortel Networks will eventually go bankrupt. I dare not say how much I feel about this company that has carried my youth and career for many years, but at the moment when I am about to leave, I still feel it is difficult to let go. I hope to do something for it.
What, but I found that there was nothing I could do, and this feeling of decadence had been bothering me for a long time.
But today, Director Tom came to talk to me and said that he would leave Nortel Networks, but instead of waiting for Nortel Networks to go bankrupt, he agreed to go to Fairy Company's Mingxiang Holdings North American Laboratory in the form of poaching. I am very strange.
Asked him why, Director Tom said that since Fairy Company poached him while he was still employed, he had to pay Nortel Networks some compensation, although it was not much. But it was also the last thing he could do for Nortel Networks.
Of course, he could also wait until Nortel Networks collapsed before leaving, which would give him a much wider choice. For example, Google and Twitter were eyeing him, and the conditions they offered were no worse than those of Fairy Company. But he asked,
The only company that can offer poaching compensation is Fairy Company.
Director Tom said that including his days at Nortel Networks, the predecessor of Nortel Networks, Northern Electronics, he has been with Nortel Networks for 30 years. He has been working here since graduating from high school. It was also because of the salary provided by Nortel Networks that he was able to marry a wife and have children.
People live a happy life. A person should not forget his roots. Although he has worked hard, he is willing to help Nortel Networks when he can within his ability, even if he knows that the effect will be insignificant.
I burst into tears as I listened. I never knew I was so weak, but thinking about the 8 years I entered Nortel Networks, almost as the development of Nortel Networks turned to decline and imminent collapse, the days occupied
It’s an important part of my life. My previous feeling of powerlessness was because I couldn’t do anything for it, but thinking that I have this opportunity, why can’t I do my last bit?…”
Reading this post, countless Nortel Networks engineers shed tears.
The emotions mentioned in the post have touched the softest part of their hearts.
It is certainly a necessary rule in the workplace to fly away when disaster strikes, but people are not grass and trees, how can they be ruthless?
Scenes from the past appeared before my eyes one after another, and I was unconsciously excited, sad, happy, sad...all kinds of emotions, but what they had in common was the reluctance and nostalgia for the upcoming departure.
"So be it! I originally decided to go to Microsoft, but I like Mr. Xiao Qi's approach, and I am also willing to learn from Director Tom, so I decided to sign a contract with Fairy Company!"
"Me too! After so many years, I have watched Nortel Networks step into the abyss step by step, but I can't do anything about it, which makes me very ashamed. Since there is no difference between going to Fairy Company and Motorola, then I will choose Fairy Company."
"Forget it, I don't know how much compensation I can get for Nortel Networks, but it's better than nothing, so let's do it!"
"Isn't this embarrassing for me? I have already agreed to Nokia! Nokia's contract is more suitable for me than Fairy Company... What should I do?"
"You are so hesitant, ask Nokia. If they are willing to do what Xiao Qi did, then you will go to Nokia, otherwise you will not go! Anyway, I will not go to Apple, so what about the high salary? You have to be moral in life! "
"..." (To be continued, please search Piaotian Literature, the novel will be better and updated faster!
ps: In the morning, I saw that the total number of monthly votes was still close to 100, but now it is 111. Brothers, if you have extra monthly votes, be sure to vote for Xiucai!