In a moment, time came to March 2008. Luo Sheng went home for the New Year in a low-key manner. During the Spring Festival in China, the global economy began to enter a stage of full collapse. Even if all countries were crazily rescuing the market, they still couldn't resist the stock market's cliff-like dive.

But there is no way, and you can't stop it and you have to save the market crazily.

Especially in the United States, liquidity is seriously insufficient, and a large number of real economy can’t even borrow money, the unemployment rate is rising, and GDP continues to collapse.

The Fed is implementing round after round of interest rate cuts, lowering interest rates to near zero levels and remains unchanged.

In addition, the Federal Reserve has successively introduced Doron quantitative easing policies, which have purchased a large amount of asset-backed securities and sold Treasury bonds to inject liquidity into the market to save this economic disaster.

However, while the whole world was shrouded in the haze of this economic crisis and lingered in my heart, Luo Sheng had a happy New Year, without any pressure.

After the New Year, it is the time to harvest wildly.

It really confirms what Bafite said: I am afraid when others are greedy, and I am greedy when others are terrified.

...

In early March, Bluestar Technology Ceo Office.

Erin brought a piece of material to Luo Sheng's office and asked: "The company's 2007 annual performance and financial report has been audited early. Are you not going to disclose it yet?"

Luo Sheng shook his head: "Don't worry, let the bullets fly for a while."

In the past, the news was disclosed to the outside world at the end of January, but this time Luo Sheng was delayed and the market was looking forward to it. His actions undoubtedly seriously frustrated the market's confidence. Investors think that Bluestar Technology's situation may be worse than expected, and it is directly reflected in the stock crash-like dive.

This is the result that Luo Sheng wanted. It was deliberately done to suppress the financial report and not disclose it. Anyway, as long as it does not exceed the final deadline, it will be fine.

Generally, listed companies often merge the annual report and the first quarter report of the new year. Bluestar Technology Group did not do this before, but it does not mean that it cannot be done.

Luo Sheng picked up the materials brought by Erin and watched silently.

As of December 31, 2007, Bluestar Technology Group's fourth quarter report and full-year financial report, as of December 31, 2007, Bluestar Technology's global revenue in the fourth quarter was US$6.567 billion, year-on-year growth and month-on-month growth of US$1.38 billion, an increase of US$1.423 billion in the same period last year. It is obvious that the economic crisis has affected technology companies. Bluestar Technology Group's performance in the fourth quarter declined for the first time, but there was no absolute loss. It still achieved a net profit of US$1.38 billion in the fourth quarter.

In other words, I earned more than before, but under this premise, I still earned a lot of money.

If it weren't for the economic crisis in North America that affected the world, the performance in the fourth quarter might have risen by about 30%. However, it would be a bit difficult to have such a requirement in the general environment. It is not that the performance of a Blue Star Technology company has fallen, but that it is all diving.

Bluestar Technology Group's annual revenue in 2007 reached US$28.152 billion, up from US$13.876 billion in 2006, but its net profit for the whole year was negative, with a total net loss of US$1 billion.

This is because in the third quarter, Bluestar Technology Group launched two new projects, "Online Cloud Translation" and "Virtual Idol" at this time node. In addition, the investment layout of the e-sports industry, and at the same time acquired all the equity of Vivendi Group in Blizzard. These are the reasons for the significant increase in operating expenses.

Profits are important, but ultimately, looking at a company's influence depends on revenue data. Therefore, the Fortune 500 companies in the world are not ranked by profits, but by revenue quota. Bluestar Technology Group's revenue this year still maintains triple-digit growth, achieving dazzling results.

This year, it seems that it has lost $1 billion, but in fact, the company's asset size has increased sharply. What's more important is that Blue Star Technology Group has not had a debt so far, but also has more than 17 billion cash reserves. This is the greatest reliance that allows Luo Sheng to be calm in the face of the global financial storm that has come.

Now this critical moment is when cash is king. Bluestar Technology Group has more than 17 billion US dollars in cash reserves in its safe. It has no debt yet, and it can survive even the coldest economic winter.

Not to mention that Luo Sheng's offshore trust still holds about 40 billion US dollars in spare money. This money can be used at any time without entering the stock market or Wall Street.

In any case, Luo Sheng cannot face the possibility of no cash turnover now.

When I read about two-thirds of the materials, the landline phone on my desk rang out, and it was Zhang Bowen who called it.

"Mr. Luo, the company's market value has dropped to US$157.2 billion. Can you buy at the bottom and buy it back?"

"Where has just arrived, it has not fallen below 150 billion. Don't worry, wait until it falls below the 100 billion US dollar mark before taking action." Luo Sheng said immediately without hesitation.

On the other end of the phone, Zhang Bowen, who was sitting in the executive vice president's office, heard this and said in surprise: "What? Can this... fall below the 100 billion mark? Is it so serious?"

Since 2008, countries have been crazily rescuing the market, especially in North America. The Federal Reserve has been constantly issuing a series of measures for liquidity, but it still cannot save the market collapse. Zhang Bowen thought it was almost done, but he did not expect Luo Sheng’s prediction of market value would decline so seriously.

Luo Sheng replied affirmatively: "As I said, you must keep calm. Let's talk about it in the second half of this year. Our income may be greatly reduced this year. It depends on how much cloud service can be brought back. At this time, it will be difficult to earn it in a short time if you throw out the money. If you want to buy at the bottom of the market, you won't have that much money."

Zhang Bowen nodded and said, "Yes, I understand!"

Luo Sheng: "That's it."

...

If technology stocks were already weak at the end of last year, then in 2008, technology stocks fell and began to collapse. Technology stocks, which had been firmly in the subprime mortgage crisis for nearly a year, finally ushered in a cliff-like dive, and they were the kind of jumping continuously.

As of March 2008, Microsoft has maintained its position as the top ten listed IT technology companies in the world, but its market value has plummeted to US$247.3 billion, evaporating nearly US$100 billion.

The second-ranked listed technology company in the world is Bluestar Technology Group, which has been falling sharply, from US$207.1 billion at its peak to US$157.2 billion at present, evaporating nearly US$50 billion.

The third-ranked IT technology company is Cisco, with a market value falling to US$145.4 billion; the fourth is Google, with a current market value falling to US$132 billion; the fifth is Intel, with a market value remaining at US$115.7 billion.

The current market environment gives people the feeling that European and American countries are crazily rescuing the market, but the more they rescue the market, the more they jump, the more powerful the stock market is, as if it is in a vicious cycle.

It's impossible not to save it, otherwise it will be even more terrifying.

The panic index has already exploded. Underwriters of Bluestar Technology Group are now waiting for the stocks they are in hand to unlock the restricted period, but the restricted period will not be passed when the second half of this year enters the second half of this year.

That is to say, it is still about three months before the stocks are traded. As early as the company's market value is high, investors holding Blue Star Technology's stocks wanted to rush to sell their stocks, but during the restricted period, they were both anxious and helpless.

But as long as the market value of Blue Star Technology does not fall below $50 billion, there will be profits, but compared with the market value of more than $200 billion at its peak, I still feel pain in my heart.

However, in the following days, the global IT industry suddenly became extremely lively.

Because several IT giants have been directly or indirectly involved in a chaotic battle, the participants include globally renowned IT giants such as Bluestar Technology Group, Google, Oracle, etc.

At the same time, it was affected by IT technology giants such as ibm and HP, and were forced to join, and the focus was on the competition for Sweden's MySQL company and North American Sun Computer Sun company.
Chapter completed!