eurekapd Chapter 187 Investing in US Internet Technology Companies
Chapter 187 Investing in US Internet Technology Companies
At eight o'clock in the morning, when Sophia pushed open the door, Ling Yun was looking at Xingyu's backend data.
Lingyun flew back to Silicon Valley yesterday to finish up the work that had been piling up in China. He rushed back to Silicon Valley because he had withdrawn the funds from Southeast Asia and now was the time to invest in US stocks.
Historically, the Southeast Asian financial crisis made various institutions extremely wealthy. With nowhere else to go, the funds flowed back into the US stock market, inflating the internet bubble until it finally burst after 2000.
Sofia didn't say anything, but placed a black folder on her desk.
Lingyun closed his laptop and opened the folder.
The first page is a summary table.
Position type: NDF, closed position amount: $9.3 million, average profit rate: 412%
Position type: Stock index futures; Total closed position: $8.4 million; Average profit rate: 235%
The second page shows the balance details for each account.
Singapore main account: US$2.4 million
IceCloud account: $15.3 billion
Total: US$17.7 billion
"Start building your position." He turned around. "First batch of targets."
Sofia opened her notebook.
"Cisco, target price $10, buy 2000 million shares."
The pen tip glides across the paper.
"Dell, $5, 4000 million shares."
"Yahoo, $22, 4000 million shares."
"America Online, $12, 1000 million shares."
Oracle, $8, 1000 million shares.
Sofia finished writing and looked up: "The total amount is approximately $9.6 million. The remaining $8.1 million in cash should be kept as reserves?"
"No." Ling Yun walked back to his desk. "Continue buying with 8.1 million. Second batch of targets: Microsoft, Intel, and IBM. You decide the price yourself, and complete the position building by the end of the month."
"Leverage?"
"No leverage, all cash purchase."
Sofia quickly performed calculations on her laptop.
"If all of these measures are implemented, we will become Cisco's fifth-largest shareholder, Dell's seventh-largest shareholder, and Yahoo's third-largest shareholder."
"I know."
"Do I need to file a 13G filing with the SEC (disclosure required for holding more than 5% of shares)?"
"Build positions in batches and across multiple accounts. There's no need to hold positions for a long time. We shouldn't exceed 5% in a single account, otherwise it will be too troublesome to operate."
"clear."
Sofia closed her notebook, but did not leave.
"Is there anything else?" Ling Yun asked.
"Someone from Sequoia Capital contacted me again yesterday," she said. "They wanted to know if we needed funding."
Tell them there aren't any for now.
"But they insist on meeting you. They say they have a project that 'could change the landscape of the internet' they want to discuss with you."
"When?"
"Next Wednesday afternoon."
"arrange."
After Sophia left, Lingyun reopened his laptop.
He logged into his IceCloud trading account.
Balance displayed: USD 1,770,000,000.00.
1.77 billion.
He stared at the number for three seconds, then opened a news website.
Financial headline: "Southeast Asian currency crisis continues; Thailand seeks IMF assistance."
Article 2: "The Federal Reserve kept interest rates unchanged, stating that the fundamentals of the U.S. economy are sound."
Article 3: "Technology stocks continue to rise, and the Nasdaq index hits a new high."
He closed the webpage.
the phone is ringing.
"Mr. Ling, the engineers from id Software have arrived." It was Carly. "Eric is receiving them. They want to ask you what the default shortcut key for the voice plugin should be."
"F2 to speak, F3 to mute."
"Okay. Also, Xingyu has surpassed one million users."
"When?"
"This morning at 7:00 AM, the backend showed that the registered email address of the 1 millionth user was:."
"Send him an email and send him a Spark Optoelectronics mouse."
"clear."
The phone hangs up.
Ling Yun glanced at the time: 9:47 AM.
He stood up and walked out of the office.
In the corridor, several employees were discussing something. When they saw him, they nodded in acknowledgment.
He walked up to the third-floor tech area. In the open-plan office space, Eric was talking to a young man in a black T-shirt. The young man had his back to the door; the T-shirt had the Quake logo printed on it.
"Latency test results." The young man pointed to the screen, "48 milliseconds on the local area network, and 187 milliseconds after optimization on the public network. The background noise suppression is very good; the keyboard typing is almost inaudible."
"Can players adjust the microphone sensitivity themselves?" Eric asked.
"Sure. We've set up three levels of settings: quiet environment, normal environment, and noisy environment."
Ling Yun walked over.
Eric saw him and introduced him: "This is Mike, an engineer from id. This is our boss, Lingyun."
Mike turned around. He was very young, probably not even twenty-five, with bright eyes.
"Mr. Ling, your voice engine is fantastic," he said. "It's better than any of the solutions we've tested before."
"It's a pleasure working with you," Ling Yun said.
"Our director asked me to pass on a message: if this plugin is well-received, we will consider integrating it into Doom 3."
"expect."
Mike turned back to continue debugging. The screen displayed the Quake game, with a small voice status indicator in the lower right corner that fluctuated with the sound.
Ling Yun watched for a while, then left.
When I got back to the office, my trading account sent me a notification.
Article 1: Partial transaction of CSCO order, 500,000 shares, at a price of US$10.00.
Second: Partial transaction of DELL order, 1,200,000 shares, at a price of $5.00.
Article 3: Partial transaction of YHOO order, 800,000 shares, at a price of US$22.00.
Transactions are still ongoing.
He turned off the notifications and opened a blank document.
Title: 1998 Investment Memorandum
His first rule was: Continue to increase holdings of high-quality technology stocks.
Article 2: Focus on early-stage projects in biotechnology and new energy.
Article 3: Reserve $300 million for the acquisition of promising early-stage technology teams.
Save the document and encrypt it.