Both Nasdaq and the New York Stock Exchange have experienced a sudden collapse. In the past, technology concept stocks and Internet concept stocks were prosperous, but now they are in a miserable state.

General Electric is a representative of the technology industry and the major shareholder of icq. It used to claim to be the crown jewel of the technology and Internet industries, but now it is in bad luck.

The stock price of the Internet has plummeted, and the stock price of General Electric has also plummeted. The throne of America's largest market capitalization company has always been competed by General Electric, Microsoft, and Cisco. As a result, each one has fallen worse than the other.

After the antitrust verdict came out, Microsoft immediately fell into chaos. The stock price no longer cared about it. Now it is filing a lawsuit and lobbying public relations companies around the world to overturn the verdict.

General Electric's market value also dropped from US$594 billion to around US$500 billion in a few days. Nearly US$100 billion was wiped out in a matter of days, forcing Immelt to return to GE to take charge!

Compared with icq, General Electric is Immelt's foundation. He can tolerate the collapse of icq, but he cannot tolerate the collapse of GE.

Immediately after returning to General Electric's headquarters, Immelt heard that Edgar Bronfman Jr. wanted to sell off his stake in icq to protect the capital of the Bronfman family.

As a last resort, Immelt called Edgar Jr. again to try to stabilize him. Now the entire Nasdaq is frightened and will sell their stocks at the slightest sign of trouble.

If little Edgar, the president of icq, suddenly runs away at this time, then the entire icq will probably fall apart immediately!

Edgar Bronfman Jr. hesitated for a while. Bronfman Deitch, a veteran of the Bronfman family, and others suggested that Edgar Jr. immediately resign and run away and sell off all the icq shares. Bronfman Sr. also resigned.

Over in Canada, they called Little Edgar. Although they did not force him to sell his shares, they threatened that Little Edgar would consider the Bronfman family!

Immelt felt little Edgar's hesitation and raised his voice a bit, "Little Edgar, the storm will eventually pass. If you want to live forever in the ridicule of the outside world, you can choose to leave icq now.

But once you leave, you will never have another icq in your life!"

Listening to Immelt's words, little Edgar looked at the icq stock price that seemed to be slowly stabilizing. Facing Brendan Deitch who was waiting anxiously on the side, little Edgar finally shook his head slowly. He was going to

Let's take another gamble and bet that icq's stock price has already hit the bottom. After all, icq really has many high-quality industries...

As Immelt said, little Edgar now has nothing but icq. He does not want to become the "sinner" of the Bronfman family. Being ridiculed by the media, he can only take a gamble on whether icq will be successful.

If it collapses, I bet icq’s stock price will rise again!

After hearing Edgar Bronfman Jr.'s decision, Brundage was silent for a while. Finally, he took out a resignation letter and placed it in front of Edgar Bronfman Jr.. He didn't want to be the one who took the blame.

That person is likely to be subject to a class action lawsuit once ICQ's stock price collapses in the future, and Brendan Deitch doesn't want to be that scapegoat.

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【Return to 1995】 【】

At the General Electric headquarters, after Immelt stabilized Edgar Bronfman Jr., he successively called the other major shareholders of ICQ, including Goldman Sachs, Telephone and Telegraph Group, Comcast Group and Song Yang.

Go to the phone and ask the major shareholders of icq to overcome the difficulties and not to sell off the equity of icq.

On the phone, all the major shareholders of icq all agreed, but only the devil knows whether they will run away or not. At this time, the stock prices of Telephone and Telegraph Group and Comcast Group also continued to fall.

After taking a breath, Immelt closed his eyes for a moment, picked up an encrypted anti-eavesdropping phone on the table, and dialed a number, "Mr. Congressman..."

As America's largest company by market capitalization, if General Electric has no connections or connections, dogs would probably shake their heads.

Over the years, Welch not only built a huge empire for GE, but also left behind a huge network of personal connections. The number of congressmen who have donated on Capitol Hill is no less than that of the Koch brothers.

After making several phone calls in a row, Immelt's expression became worse and worse. The last few phone calls he made were to important people in the Finance Department of America, the Securities and Exchange Commission of America, the Governor's Office, and even the Federal Reserve.

But according to the information I heard, without exception, the American municipal government has no intention of saving Nasdaq and the Internet!

Because we are in a special period now, so what if we saved Nasdaq and cleaned up the mess? We still don’t know who the new leader will be. By then, we may not get any credit at all, and even made wedding clothes for others in vain!

Even Immelt heard even worse news. The bad old man in charge of the Federal Reserve seemed to want to tell the young people in America not to be too arrogant, and to tell the upstarts of the Internet what it means to not listen to the old and suffer.

At present, America is expected to raise U.S. interest rates six times within two years, completely squeezing out the Internet bubble...

Hearing the news, Immelt almost couldn't help but curse. Then he thought of a more difficult problem. General Electric was going to run out of money!

GE was originally not short of money and had a lot of cash flow. The business Welch left for GE was large enough and the cash flow was abundant. However, in order to obtain the status of icq's major shareholder, Immelt spent a lot of money.

There are too many beautiful things, especially the acquisition of icq stock from Song Yang, which almost drained all of GE’s cash flow!

Which American company would hoard tens or hundreds of billions of dollars in cash now? The most would be more than tens of billions of dollars in its account, which is already a lot.

But that is without special circumstances. Like now, if General Electric wants to stabilize its stock price, it must repurchase its equity on a large scale. If the stock price falls, the stock cannot be sold, it cannot issue new shares, and it must repay those debts.

, but also requires a large amount of US dollars in cash.

Counting on Wall Street institutions and banks to provide help in times of need is simply overthinking. When he thought of this, Immelt's face became extremely ugly, and he couldn't help but become anxious. If GE's stock price continues to collapse, he will not be able to borrow enough money.

If the sword fails, then the big empire of General Electric may also be on the verge of collapse!

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【Return to 1995】 【】

At this time, Immelt couldn't help but think of Song Yang, who had received a large amount of cash from General Electric. The expression on Immelt's face became obscure. He thought that Song Yang seemed to have accumulated a large amount of cash in the past two years.

Different from other figures on the wealth list, almost half of Song Yang’s net worth has been cashed out!

Stretching his hand towards the phone, Immelt retracted it again. General Electric had not yet reached the end of its rope, so it wanted to borrow money from Song Yang. Immelt felt that Song Yang's conditions might not be that simple...

"The Nasdaq index closed near 3,500 points today. Within this month, the Nasdaq fell by 30%, setting a historical record!

However, Wall Street analysts believe that the short-term risks of Nasdaq have been released. Major Internet technology companies, including Microsoft, ICQ, Yahoo, AOL Time Warner, General Electric, Cisco, Oracle and other companies, have all fallen by more than 20% in a short period of time.

, it is unlikely to fall sharply again in the short term, and the Nasdaq index is expected to recover!"

The routines all over the world are basically the same. Now Wall Street analysts are also trying to persuade the leeks. When the Nasdaq index was 5133 points, these analysts were urging the leeks not to get on the bus.

But there was no chance.

When the Nasdaq index fell to 5,049 points, analysts declared, "Short-term risks, money can't buy a cow back." Now that it has fallen to 3,500 points, analysts are advising leeks, "The Nasdaq has nothing to lose!"

"

In less than a month, the Nasdaq index has already fallen by 30%. Is it possible that it can fall further? Wall Street institutional analysts seem to be right in their analysis. After all, you can't count on the Nasdaq index to give you a drop.

If it falls below 2,000 points, the entire Nasdaq market value will drop by 80%. Doesn’t that mean that the American stock market is hopeless? Does it have to be demolished and reopened? Will it become a joke to the whole world?!

After the Nasdaq index fell to around 3,500 points, it seemed to have finally stabilized, and the icq stock price did not collapse again. Sitting in front of the computer screen, the unshaven little Edgar breathed a sigh of relief as if he had collapsed.

Little Edgar Bronfman, who had been staring at the office for several days, felt a sense of fatigue coming over him. He felt that it was time to enjoy a big meal and take a good rest.

After returning to the villa and eating a meal of food flown from Canada, little Edgar had just fallen asleep after taking a bath when he was awakened by a rapid ringing of the phone.

Little Edgar Bronfman, with red eyes, took the phone handed over by the servant and said impatiently, "Who?!"

When he heard the news on the phone, little Edgar dropped the phone in his hand without realizing it. He only had the sentence he just heard in his mind, "WorldCom's financial fraud is suspected of exceeding tens of billions of dollars."

financial fraud!"

Colin Macmillan came to work at the icq headquarters early in the morning. He wanted to use this method to perform and avoid being on the list of layoffs. Although icq has not yet started layoffs, but Silicon Valley has

There have been rumors that many Internet companies have quietly laid off employees or even closed down!

In just a few days, the entire Silicon Valley turned into a completely different look that Colin MacMillan did not recognize at all. In the midst of the torrent, Colin MacMillan had no idea what was going on, and he had no idea what was going on.

I don’t know where it will be washed away by the flood.

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【Return to 1995】 【】

But the atmosphere at ICQ today was particularly dull. Everyone who entered the office was sitting at the computer desk and seemed to be busy, but the entire office was silent until after the Nasdaq opened, he heard a curse.

, that came from the department manager’s office.

Colin Macmillan, like others, opened the stock software and saw that icq's market value had dropped to 320 billion U.S. dollars. After the opening, the stock price plummeted in a straight line. The market value dropped from 320 billion U.S. dollars to the naked eye.

Billion, 300 billion, without any resistance, the market value fell directly below 300 billion US dollars...
Chapter completed!