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- 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 up to 250 billion US dollars.
Such a huge contrast makes every Canadian feel sad but helpless.
They are a little better off in this life, but it¡¯s 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 2.3 billion US dollars to purchase more than 6,000 network patents, and more than 2,000 shared with Nortel Networks 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 the previous life.
However, if you want to buy Nortel Networks, it is not that easy.
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, and companies such as Ericsson and Motorola all have these related patents. If you ask a higher price, others will definitely buy from other companies.
This is why Xiao Qi originally bought Nortel Networks¡¯ optical fiber patents in Asia.
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 exclusively obtain Nortel Networks¡¯ patents and technologies by spending less money than they do now. What's wrong with this?
As for the talents of Nortel Networks, the same is true.
Although there are many of these talents, many of whom are first-class experts in professional fields, why do you want to buy Nortel Networks by buying it?
After the collapse of Nortel Networks, these experts will become free. Then there will be no poaching terms involved, only appropriate treatment will be given to them. You can bring them into your own company. It costs less and gets more. It would be strange if people don't do it.
So far, those interested in these experts include Ericsson, Nokia, Motorola, Google, Apple, Microsoft, Facebooka lot of well-known big companies.
Fairy Company is certainly a very well-known large company, and even exceeds these companies in terms of market value and influence.
But one thing is that Fairy Company has a natural disadvantage.
That¡¯s the foundation.
Some people think it is boring to talk about basic information in the Internet industry.
Because the Internet is about innovation, a new company can quickly climb up. Directly becoming a multi-billion or tens of billions of dollars industry, thereby firmly suppressing those century-old companies This kind of thing often happens in the Internet industry, and it is what people are very fascinated by.
? But it¡¯s not.
Companies in the Internet industry often climb high and fall hard.
For example, Nortel Networks in front of us, and Yahoo before us, aren¡¯t they all such representatives?
So really a lot of talented engineers. I don't want to work in a company that is suddenly booming because the job will be unstable. It will greatly affect their product development and technology updates.
Therefore, in Silicon Valley and in the technology network industry, Microsoft, Google, eBay, Oracle, Apple, Nokia, Motorola and other companies are the companies that people like to go to most.
Fairy Company¡¯s momentum is very strong, and there is also Mingxiang Holdings North America Laboratory in the United States, but the problem is that it is a Chinese company. It is not an American company, and it has not been established for a long time, 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 just sits in rows and divides the fruits, so that one family can get some talents.
But Xiao Qi has great ambitions for the talents of Nortel Networks.
There are more than 1,000 engineers from various industries that he is interested in, which exceeds 30% of the total number of Nortel Network engineers.
No doubt, at the peak of Nortel Networks, the number of employees exceeded 90,000. After several layoffs, the core engineers still stayed.
And one of the important reasons for Nortel Networks¡¯ serious losses in recent years.?, the salary of this group of engineers is 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 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 Company will contact Nortel Networks engineers and strive to reach a recruitment intention. ¡·
Looking at 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, can you just not bear it now that you are poaching so blatantly so early?
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 Network Company in accordance with the negotiation agreement with Nortel Network Company. ¡·
It is a normal rule in various companies to poach and lose money.
But the question is, is Xiao Qi sending money to Nortel Network without knowing it?
??Is it necessary to give Nortel Networks such face when it is about to go bankrupt?
Relying on the strength of Fairy Company. Are you still worried that after Nortel Networks goes bankrupt, you won¡¯t be able to attract outstanding engineers?
Or, is Xiao Qi 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 have considered working there. But what is Xiao Qi¡¯s reason for making such a big show of doing?
However, 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 that 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 asked him strangely why. Director Tom said that if Fairy Company poached him while he was still employed, he would have 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 can also wait until Nortel Networks collapses before leaving, which will give him a much wider choice. For example, Google and Twitter are eyeing him, and the conditions they offer are no worse than those of Fairy Company. But after he asked, the only company that could provide compensation for poaching was the Fairy Company.
Director Tom said that, including his days at Northern Electronics, the predecessor of Nortel Networks, he has been with Nortel Networks for 30 years. I have been working here since I graduated 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, and his family lived a happy life. A person must not forget his roots. Although he also worked hard, he did so only when he could do what he could. He was willing to give Nortel Networks a try, even though he knew the effect would be insignificant.
I burst into tears as I listened. I never knew I was so weak, but thinking about the 8 years that I entered Nortel Networks, almost as the development of Nortel Networks turned to decline and imminent collapse, the days occupied 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? ¡¡±
Looking at this post, countless Nortel Networks engineers shed tears.
The emotions mentioned in the post have hit the softest part of their hearts.
It is certainly a necessary rule in the workplace to go separate ways when disaster strikes, but humans 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, sadall kinds of emotions, but what they had in common was the reluctance and nostalgia for the upcoming departure."That's 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 won't go to Apple, so what about the high salary? You have to be moral in life! "
"" (To be continued, please search Piaotian Literature, the novels will be better and updated faster!
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