Chapter 109: Peterson's Connections
Shopping malls are like battlefields, and the business war between Yota Communications and AT&T has changed again. AT&T, which seemed to have won a few days ago, has now become dangerous. Although Cisco is not without a chance of winning this lawsuit, anyone with a discerning eye can see that Yota Communication's intention is to hold back Cisco and prevent them from entering the telecom solution market, and AT&T, which has already regarded Cisco as its preferred technical solution, also So got stuck.
This time Eva didn't dare to be careless anymore, she almost hired the most luxurious team of lawyers in the United States to serve Yota. This time, the expenditure on legal fees alone has reached hundreds of millions of dollars. At the same time, she is no longer insisting on wholly holding all the shares of Iridium, and instead began to seek powerful partners.
With Schwarzman's excellent negotiation ability, Lehman Brothers was the first to choose to join the Yota camp. Because Schwarzman provided Lehman Brothers with a technical report on yota communication in the field of mobile communication and network communication issued by the authoritative consulting company Boston Consulting, which fully reflects that yota communication technology has already been used in A solid patent barrier has been formed in the field of network communication. Under the protection of these patent barriers, it is impossible for Cisco to make a breakthrough within a few years.
However, Lehman Brothers' initial investment amount is not large, because they believe that the final outcome of this lawsuit and business war is not very clear. So Eva still has to rely on herself to support it for the time being. At this time, Bill Gross started to make a move on behalf of Columbia Bank. Bill Gross' task was simple and clear, which was to short Motorola's stock and try to make the Motorola stock mortgaged by AT&T to those banks fall below the liquidation line. Because once Motorola's stock fell below the liquidation line, the party would not hesitate to sell these stocks in the market, and the controlling stake in AT&T disappeared.
Bill Gross quickly placed a large number of empty orders in the market. In order to maintain the stock price, AT&T could only ask for assistance from its backstage Goldman Sachs and Morgan Stanley. As an excellent trader, Bill Gross quickly sensed the changes in the market. Instead of confronting Goldman Sachs and Morgan Stanley head-on, he made a profit and retreated after a little resistance. Bill Gross knew that the strength of Columbia Bank alone could not compete with any of Morgan Stanley and Goldman Sachs, so he planned to use harassment tactics to cooperate with the court's news about Cisco and Yota's lawsuit. Did it sneak attack on Motorola's stock? He will slowly bleed the two giants.
While the two groups of people in the United States were fighting in full swing, Peterson, who was lobbying for Yota in Tokyo, was trying to persuade the president of NTT to change his rejection attitude towards Yota.
"Mr. President, I don't deny that you think that the yota satellite project will pose a threat to the Japanese mobile communication network you just built, but the purpose of the iridium project is not to compete for the Japanese market, but to establish a network that can be sold at a low price. A solution for global wireless communication. If you join the Iridium project, your customers can make mobile calls anywhere in the world, even oceans, deserts, and even Mount Everest. Do you know what this means? This means that your customers will not only be limited to Japan, but you can get rid of the limitations of the Japanese market and go to the world, and as long as you are willing, Europe and South America will become new markets for your company." Peterson patiently explained to the other party In other words, NTT hopes to monopolize the Japanese domestic market, but in Peterson's view, the structure is still too small. Japan only has a population of 100 million, so how can it compare with the European and American markets.
"Mr. Peterson, I like your point of view very much, but we just spent a lot of money to buy a complete set of solutions from Yota, and before recovering the cost, we have to spend a lot of money to join the Iridium project,
We can't explain this matter to the Ministry of International Trade and Industry," the president of ntt said in embarrassment.
"Mr. President, you only have one chance. I won't make too many comments on whether you want to expand your territory in the international market or operate safely in the domestic market!" Peterson stood up after speaking, and the president of ntt met The state hastened to retain. Seeing his actions, Peterson immediately understood that the other party had been tempted by his words. Japan has only a small population, and it will never be better to become a global company if it is trapped in the Japanese market.
"Mr. Peterson, give me some time to write, and I will definitely declare our position to the Ministry of International Trade and Industry!" the president of ntt promised quickly.
"Mr. President, I have one more thing to ask you to tell the officials of the Ministry of International Trade and Industry. If NTT joins the Iridium project, we can hand over the satellite production line to a large consumer electronics company in Japan. I personally prefer Sony Or Kyocera." After receiving these words, Peterson bid farewell to the president of NTT. When he walked out of the NTT building and got into the car, Peterson finally smiled. In other words, the Ministry of International Trade and Industry is actually the biggest obstacle.
It seems that Japan's state-owned enterprise NTT is nothing in the eyes of the Ministry of International Trade and Industry. Peterson knows what kind of existence the Ministry of International Trade and Industry is in Japan. If we use an analogy, the Ministry of International Trade and Industry is actually equivalent to the Soviet Union's Planned Economic Committee. In the early post-war period in Japan, because the country consumed almost all its wealth in the war, Japan had only a small amount of foreign exchange to develop its economy. These foreign exchange supports whoever does not support who must have a coordinating agency, so the Ministry of International Trade and Industry came into being pregnancy. With the continuous development of the Japanese economy, the status of the Ministry of International Trade and Industry in the Japanese government is also rising. When Peterson was in charge of the U.S. Department of Commerce, in order to allow more American products to enter the Japanese market, Peterson had a lot of dealings with the Japanese Minister of International Trade and Industry.
The president of ntt is not enough to convince the officials of the Ministry of International Trade and Industry, but it doesn't matter. Peterson has more than just this network in Japan. The superstar of Japan's manufacturing industry came to help himself. When Peterson was the Minister of Commerce, he took good care of Sony. At the beginning of the trade friction between the United States and Japan, Peterson originally planned to impose heavy taxes on Japanese electronic products, but under Morita’s various entreaties, Peterson In the end, he didn't do so. This kind of favor is not so easy to pass. Now is the time for him, Akio Morita, to repay himself bit by bit. ...
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