City Start Striving for Becoming a Rich Man

Chapter 384

“Don’t be arrogant. Feelings can’t be eaten. You still have to write when you study. Good! Be obedient!”

“Well, then you come to pick me up this afternoon.”

“Okay, let’s talk about it if you come out, I guess Teacher Mei Yan is waiting for you to train you.”

“…I forgot about this devil, it’s so miserable, I’m leaving.”

Xu Wenhui opened the door and got out of the car and rushed into the school.

After Ni Shixiao watched her in, he drove away and left.

Mei Yan did not blame Xu Wenhui too much.

In the afternoon, Xu Wenhui informed Ni Shixiao to come and pick her up, so she could come out.

While the two were lying on the sofa watching TV, Ni Shixiao received a call from Charles Bank CEO Abel.

Tell him that Pingguo’s stock, which he pays attention to, has been volatile recently and tends to rise.

Go up!

This is because some shareholders want to cash out and leave.

Ni Shixiao was also waiting for this opportunity and told Abel to dump all 12% of Pingguo’s stock.

If you don’t toss it, it will be too late, and then Pingguo will be a trough for several years.

It took five years to make Pingguo profitable again until Old Joe returned.

But now it’s no good for Old Joe to return!

Ni Shixiao is about to return to Long Island to form a new company, Banana Technology.

This will be a joint-stock company, used to attract firepower for Charles Technology.

It is the bone that Ni Shixiao is about to throw away!

What to produce?

First produce MP3, acquire music rights, then B-Pod, B-Pad; copy all Pingguo’s business.

Then there will be another autobiography, my success comes from copying!

The development of MP3 players is not difficult, and MP3 format music files are now available, in fact they are born out of MPEG-2, and MPEG-3 is MP3.

Ni Shixiao has the right to share the MPEG patent.

When thinking of VCD, he started with this patent, but it was not exclusive.

·······

“Old Xu, when will you join the group?” Ni Shixiao asked Xu Wenhui.

“Why, what are you doing?”

“I want to go back to Newark to form a new company.”

“The day after tomorrow, if you have something, you should leave first, I’ll be fine.”

“Okay, I will leave at noon tomorrow!”

·······

St. Andy’s Bar.

It’s a not-so-ordinary bar with that shy striptease show inside.

After Ron, Richard, and Ni Shixiao had a few drinks, they talked about business.

“I plan to form a company to develop a player that plays MP3 format. There is no technical difficulty. Are you two interested?”

Ron said immediately: “I am very interested, how much investment is needed, you speak.”

MMP, of course you are interested, and the shares of the TV network have been taken a big bargain by you.(Read more @ wuxiax.com)

“It doesn’t matter to me, just tell me how much it costs,” Richard said with a shrug.

“The three of us ultimately account for 32% of the shares, and the remaining 68% will be used for future financing. I am 12%, and each of you 10%. I will invest 5 million US dollars, and you will each 25 million US dollars.”

“Why? The amount of investment is so different?” Ron asked.

“The MP3 patent belongs to me. This patent is worth more than 30 million U.S. dollars. Now I give it to the company for free. Understand?”

Richard asked: “Why do we only hold this share now, instead of dividing 100%, and then diluting it later?”

“The energy of the three of us together is too great. I don’t want to frighten investors. This is to show our attitude. We have no tendency to be arbitrary!”

Ron and Richard glanced at each other, then shrugged!

“Being in this kind of family is also a helpless choice.” Richard said.

Ni Shixiao really wanted to shout: “Can you not pretend to be forced?”

“Do you two have any questions? If not, we will register the company tomorrow and transfer the funds to the account.”

Richard said: “I have a problem! What is the company’s name going to be?”

“I plan to call Banana Technology Company!”

“Banana? Cool! Are you planning to fight with Pingguo?” Ron said, shaking his eyebrows.

“WHY-NOT? Why not?”

“Very well, let’s flip the fruit,” Richard said, raising his glass.

“victory!”

“The business is over, then we call a few dancers to watch them perform?” Ron said with a smile.

“Okay, you pay the bill!”

“Little meaning!”

·······

Next day

After the three people registered the company and signed a share agreement, Banana Technology was established.

Ron and Richard’s next job is to contact the major record companies.

Acquired record company music, 30-year online copyright and mobile media (MP3) use rights.

Today’s record companies have not realized that online copyright is very valuable.

Now they sell records, vinyl, CDs, tapes, and video tapes, and they are selling them happily!

Don’t you think it’s a good idea to put the music on the Internet and dial-up to listen to it on the Internet, that is, the sound quality is bad…

Now, it’s a good time to buy online copyrights!

When the broadband of the Internet appears, you can only imagine in a dream if you want to get copyright at a low price.

Not only have to take the copyright of the existing music, but also expect to sign a clause that new music will automatically join the copyright agreement in the future.

If a price is not settled now, the record company may open a big mouth in the future.

In order to work out a rigorous contract, Harvey and Rachel have been busy for several days.

It is a contract that is not easy to lose!

Ni Shixiao urged Ron and Richard and set out to negotiate with the record company.

Li Shengnan came forward to discuss the copyright issue in Xiangshi.

Neon asked Chai Jiao Wei Sang to talk about it.

Europa is handed over to Richard, and his family’s influence in Europa is also quite large.

Nanchao County is not in a hurry. Now their music has not yet developed. There are not many people listening to the old songs. When I return to Yanjing, I will go there myself.

For other niche music, let the company’s employees come forward to discuss it.

As for the country, I’ll talk about it when I go back.

Charles Technology (CCES) has developed a USB flash drive and applied for a patent.

It will not be put on the market for the time being, and we will wait for the MP3 to be listed.

The 3.5-inch floppy disk, the capital of the production line investment, has not been earned yet, and the USB flash drive must be suppressed from the market first.

The routines of technology companies are similar, and the products sold on the market are certainly not the most advanced of their companies.

Technology companies are talking about one generation of production, one generation of research and development, and one generation of storage.

Production generation refers to products that have entered the market.

The reserve generation refers to the second generation of products that are ready to be introduced to the market.

The first generation of R&D refers to the development of third-generation products.

The purpose is to maintain the momentum of long-term development, so that the company is always in a dominant position in the market.

USB flash drives belong to the reserve generation of Charles Company!

·······

There is another problem, and that is the difference between military and civilian use.

We think that advanced electronic products that have just been launched may have been in use in the military field 20 years ago.

Some of the products we are using may be technologies that are already facing obsolescence.

·······

The MP3 patent is free for use by Banana Technology.

But the USB flash drive is not. The flash memory technology of the USB flash drive requires payment to be authorized. .

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