Chapter 1123: Reverse authorization

Although the specific splitting scheme needs further discussion in detail, Eric does not intend to conceal the news.
Instead, as soon as possible, the news that Firefly Electronics intends to strip the Fireflyerer player business will be released, releasing a signal that Firefly Electronics intends to list the business separately, and it can also temporarily stop some privately-made small action forces.
Taking a glass of champagne from the waiter's tray, Eric opened the door to Larry Ellison. "I plan to spin off the Fireflyer player business from Firefly Electronics recently and set up a special subsidiary. I just discussed this temporarily. The problem, so it’s late."
Larry Ellison is not aware of the game and negotiations between Firefly Electronics and several major record companies in recent times, but the news has naturally come to mind the current surging Nasdaq market. According to the speed and profitability of the Fireflyer player, if you have an IPO in the near future, you can definitely get a super high valuation.
"Eric, are you going to let this subsidiary go public?"
Eric took a sip of champagne and waved to Christina, who was not far away, and smiled at Larry Ellison. "We have no further plans yet, and we will peel off the business first."
Larry Ellison looked at Eric as if he was stroking the kitten, and naturally licked Christina’s head. The petite girl squinted and twitched her eyelashes. It was also a very enjoyable look, with a slightly eccentric expression. But I turned my attention to the topic that the two are discussing, saying: "Eric, the Nasdaq has now peaked and may collapse at any time. If you let Firefly Electronics go directly, it may be too late. If the split is completed, It is very likely that I will not be able to catch up with this bull market."
"The rising space of the Fireflyer player is still very big. If you can't keep up with this time, then wait a few more years."
The current annual sales of the Fireflyer player has just exceeded 20 million units, but its market limit is far more than that. Even if this technology stock bull market can not keep up, as long as the global sales of the Fireflyer player maintains the current growth rate, delaying the IPO after two or three years is more beneficial to Firefly Electronics.
When Larry Ellison walked away, Eric looked at Christina, who had already hung on the bird, and reached out and picked the girl’s small chin. He looked at it and smiled: "You are fat recently. A little, is it greedy?"
Christina immediately deliberately denied: "There is no such thing, Eric, it must be your illusion."
Eric half-jokingly said: "I don't think I can leave it, but if you change from the bottle to the elf in the bucket, I won't pay any attention to you."
"The Elf in the Bottle" is one of the main singles of Christina's first album some time ago, and it is also a famous song for girls. Since I just remembered, Eric also took it out.
At this time, Christina, who is definitely a 'small waistline', obviously can't imagine herself being the elf in the bucket. She even showed a horrible expression on her face. She shook Eric's arm gently and dissatisfiedly said: Certainly not, Eric, your description is really bad."
Eric smiled and didn't continue the topic. He said, "How was your first album sales?"
"Has already exceeded 15 million," said Christina, who immediately turned to be happy, but the little face quickly showed a lost expression, saying: "However, Mr. Weiss said that it is unlikely to reach 20 million. In the end, it should only be around 18 million."
With the popularity gained in the MGM movie universe in recent years, and this time the first impression of Britney's release of the album, Christina can be regarded as the fastest growing pop singer in the last year.
"18 million is already good. Other singers can achieve such high sales without a few debut albums. The next one is more careful, and it will definitely exceed 20 million."
Eric said, taking Christina toward the buffet table, starting from the afternoon for more than four hours of meetings, he is now hungry.
"Eric, can you help me with my next album?"
"Okay, but I don't have much time. When I see if I can write more songs for you."
Eric originally planned to return to Los Angeles the next day, but because of the temporary plan to split the digital music player business, Eric stayed in San Francisco for the next few days to personally participate in the discussion of the split plan.
At the same time, Firefly Electronics will quickly spread the news of the Fireflyer player business separately, and the media will turn the guess to the listing topic in the first time.
Although Firefly Electronics has not even held a formal press conference, all the news has confirmed that this matter is undoubted, so the media and the market responded to the first time, Nasdaq market, other In the companies associated with digital music players, share prices have almost fallen significantly over the next period of time. The supplier of components such as Seagate, which provides micro hard drives for the Fireflyer player, has reached a new high without any suspense.
The name of the company to be divested is not too much entangled. It was directly named as Fireflyer. In the process of registering the Fireflyer trademark, Firefly Electronics has already registered this company at the same time. It can be used directly. Eric privately Also considered a formal Chinese translation for Fireflyer, flying fire.
The detailed splitting scheme is not so easy to determine relative to the name of the subsidiary.
For a week in a row, everyone was meeting and discussing repeatedly. Eric also needed to take into account the upcoming "Iron Man" propaganda work, and it was so busy.
Time flies to April 20.
The Tokyo Premiere of "Iron Man" is the day after tomorrow, and Eric will have to depart for Sakamoto tomorrow morning.
Firefly Electronic Headquarters.
Eric is participating in the last Firefly Electronics Summit before leaving San Francisco.
The separation scheme between Fireflyer and the parent company Firefly Electronics is mainly concentrated on two aspects. The splitting of technical patents and the distribution of benefits after splitting seem to be simple, but there are too many details that need to be considered repeatedly.
It was just a question of the distribution of patented technical solutions for digital music players, and everyone discussed it for a full week. The differences between several senior executives of the company focused on whether the full set of patented digital music player technology should be placed in Fireflyer.
In the conference room, Eric patiently leaned on the leather chair and listened to several high-level suggestions. He did not intend to let this difference continue. He said: "I agree with Victor's solution, the patented technology of digital music player. Retained at the parent company, Fireflyer is authorized to pay royalties to the parent company. As for the proportion of patent fees, you will come up with a plan as soon as possible."
Bill Olson is the party that agreed to put the digital music player technology patent into Fireflyer. He said: "Eric, in this case, we will face a very difficult problem, Fireflyer will definitely continue the Fireflyer player. In the development of new products, if the patent is split, what should be done by the patented technology developed by Fireflyer itself?"
Victor McNealy immediately said: "This problem is well solved. Fireflyer's own technology is of course retained by itself. After the split, Firefly Electronics will focus on the development of tablets and mobile phones. Redesign this aspect."
"But if the parent company's electronics need to use the technology developed by Fireflyer?"
"If you need it, we can naturally get the authorization."
"This is too unfair to Fireflyer. If it goes public, investors will definitely have a criticism."
Eric listened to the two people and made a dispute. They immediately interrupted. "Bill, I need you to be able to distinguish between a primary and secondary problem. Firefly electronics is the most important thing for us. Fireflyer is just for us. Investors who are seeking partners and stripped out, as long as we determine the specific profit distribution plan in advance, investors who join Fireflyer in the future can only choose to accept, or not accept. So, the solution to the problem you said is very simple. Fireflyer's technology, Firefly Electronics will automatically receive reverse authorization. Of course, if Firefly Electronics applies these technologies to its own products, we will also pay the patent fees. This is the case, I don't want everyone to continue this. Disputes, you need to focus on the polishing of the specific stripping plan, so, is there still a problem?"
Eric finished, his eyes glanced in the quiet meeting room for a week, everyone stopped talking, so he nodded with satisfaction, saying: "So, just like this, I will fly back to Tokyo tomorrow, I hope "Iron Man" After that, you can see that you have come up with a specific plan."
Until the evening, the day's meeting was over again, everyone left the meeting room, Eric did not get up, and Victor McNealy and Bill Olsen also stayed with tacit agreement.
Eric quietly flipped through the minutes of today’s meeting and looked up at them. He asked very straightly:
Do you have any contradictions in your private affairs?

These days, not only the divestiture of the patented digital music player technology, Victor McNealy and Bill Olson have some tit-for-tat meaning in many aspects.
"Eric, this is absolutely no, my dispute with Bill is limited to the work."

The company CEO and the president have conflicts in their work, which is even worse for my boss.

Bill Olsen felt the dissatisfaction in Eric's tone and also spoke actively: "Eric, we can guarantee that it will definitely not affect the specific work."
"I don't think so," Eric put down the pencil in his hand and sat up straight to look at the two. "Now, let's sort out this matter. The difference between the two of you, the fundamental problem is still at Fireflyer. The distribution of the interests of the Firefly Electronic Parent Company. Bill, you are more inclined to Fireflyer, Victor, you are standing firmly on the firefly electronics side, so I want to know why?"
Victor McNealy did not speak. He was a technical executive who was not very good at words. Although he was a CEO, most of his energy was always on product development. Moreover, he also understands that Eric's personal position is obviously on his side, which seems to be enough.
Bill Olsen was silent for a moment, but still actively and frankly said: "Eric, I hope that after the company split, I can replace the shares in my hands with the shares of Fireflyer."
"Do you need money?"
Bill Olson shook his head subconsciously, but felt that the denial was too boring, so he nodded slightly: "Eric, if possible, I hope that after the split, Fireflyer will be listed as soon as possible."
Victor McNealy and Bill Olsen have been in the business since the inception of Firefly Electronics. However, the salary of the two is not too high. Eric’s initial salary for the two was $300,000 last year. Increasing the basic base salary to 800,000 is basically the pinnacle of professional managers.
Of course, the main source of income for top professional managers has always been bonuses and options, but in the first few years the income of the two is naturally zero.
Until last year, they won the first prize due to the success of Fireflyer.
Since the Fireflyer player sold more than 20 million units last year, the two won a lot more money at the beginning of this year. Bill Olson’s bonus is personally determined by Eric, the same as Victor McNealy. 20 million US dollars. Moreover, more than that, the two also received stocks worth nearly $200 million.
Therefore, I heard that Bill Olsen said that Eric could not help but be disappointed with him.
"Bill, pay more attention to the Nasdaq, you should understand that we can't catch up with this bull market, and even if you barely go public before the Nasdaq crash, you have at least one year of lock-up period in stocks. So, no matter what. You want to cash out is simply impossible."
"Eric, of course I know this, and I have not thought about cashing out as soon as possible."
"That is," Eric crossed his arms at the conference table and said, "You want to get a higher net worth, even if it's just on the books, um, or, do you think I gave you too little?"

Bill Olsen suddenly fell silent again.
Eric waited for a moment, shook his head and said: "If you really think so, I have nothing to say, but you have to understand, just this year, I gave you $220 million, of which 200 million. US dollar stocks are only the most conservative valuation of 10 times price-earnings ratio. If Firefly Electronics is listed, it is 600 million US dollars according to 30 times price-earnings ratio. You tell me, which professional manager in Silicon Valley can get 6 in one year? One hundred million U.S. dollars?"
Bill Olson lowered his head slightly and dared not look directly at Eric's gaze.
Eric waited for a moment and continued: "Maybe you think that a hairy kid like Eric Williams has $300 billion in wealth and he has only $600 million. It’s unfair, you at least There should be 6 billion, or 60 billion, right?"
"Eric, I didn't think so."
"Then don't think about it anymore," Eric added a tone and stared at Bill Olson. "I have never been ill-treated by anyone who works for me. Even, I always give you more in the subconscious. If you still feel dissatisfied, feel free to tell me that I can let you go and find a space for development that you think is better."
"Eric, I, okay, I am sorry."
"So, that's it," Eric stood up straight and said: "Get out the specific plan as soon as possible. I hope that when I come back from London, I can see the preliminary draft."
After that, Eric left the meeting room without returning.
Victor McNealy looked at Eric's figure and disappeared. He said, "Bill, you shouldn't think so."
"Sorry, Victor," Bill Olson stunned his forehead with a stunned look. "It may be too busy recently and the pressure is high."
"You should know that Eric is busy than we are."
"Sorry."
"This way, let's go out for a drink, I treat you."
After hesitating, Bill Olson nodded and got up and said, "Or please."
"You should take the time to call Eric."
"I will."