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However, the fact is that as of the past August, global PC shipments have actually reached 8 million units, and it is expected to reach 1500 million units for the whole year, an increase of 2300% compared to 1990.

According to the results of institutional research, a large part of this is due to consumers purchasing or replacing PCs for Internet surfing.

Before that, because personal computers were more inclined to work than entertainment, as long as the PCs they owned were not completely scrapped, few people would consider replacing them.

In addition, the increase of Internet users in North America is obvious to all.

As of the end of August, the number of Internet users accessing the World Wide Web platform in North America has exceeded 8 million, and the number of users in a single month is close to one million. In the whole year of 800, this data is even expected to hit the 1991 million mark, of which North America is the largest. The Internet service provider America Online, once again readjusted the number of expected users for the full year to between 1300 million and 650 million.

In terms of the content of the World Wide Web platform, in addition to the Eaglet Portal, according to the statistics of Eaglet, as of the end of August, the number of Internet sites connected to the World Wide Web platform officially exceeded 8.

This number cannot be compared with the hundreds of millions of Internet sites many years later, many of which are just personal sites with some simple web pages. However, in the past August, the number of Internet sites connected to the World Wide Web has increased by 8 in a single month. One, that's the key.

The growth rate of 9% in a single month, and it is still accelerating, this expansion speed once again shows the super high growth of the Internet industry.

Finally, Eaglet's revenue from advertising, software sales, and space leasing continues to increase, allowing the outside world to see the profitable side of the Internet industry.

Therefore, Simon's signed article is more like a catalyst, which completely ignited the explosive trend of the entire industry when all the preconditions have been matured.

After several adjustments, Cisco's IPO price was finally confirmed at US$18, 4000 million new shares were issued, and the total amount of financing was US$7.2 million.

Compared with the $17 to $19 offering range submitted to the SEC, Simon eventually made some concessions.

However, for a company with an annual revenue of only US$10 billion, a valuation of nearly US$50 billion, and a one-time financing of US$7.2 million, if successful, this is definitely a pioneering work.

In fact, the listing and trading of corporate stocks is only the last step of corporate IPO. Before that, the success or failure of the IPO has already been settled.Compared with the 4000 times oversubscription of the 13 million new shares issued, it obviously represents a complete victory for this IPO.

Many investors are actually betting.

Bet Simon Westeros will work wonders as he has done in previous years.

You know, just in terms of investment in the technology field, Simon's series of bets have already made him a lot of money.

The most typical is undoubtedly Microsoft.

Affected by the continued hot sales of the Windows operating system, Microsoft's market value had reached $126 billion at the close of the day before Cisco's official listing.

The 20.3% stake in Microsoft held by Westeros thus increased to $25.5 billion.

Intel, whose alliance with Microsoft has become more and more obvious, has seen a rapid growth in stock price this year due to the continuous growth of the PC industry and the increasing demand for high-performance personal computers.The day before Cisco’s listing and trading closed, Intel’s share price increased by more than 35% compared to the same period last year, with a market value of 107 billion US dollars, officially becoming a giant with a market value of tens of billions.

Westeros holds a 15.6% stake in Intel and is the largest shareholder of this high-tech company that has long been a publicly held company.

Intel's market value reached 107 billion US dollars, and Westeros' shareholding value increased to 16.7 billion US dollars.

Just the investment in Microsoft and Intel has far exceeded the return that Simon obtained from the 1987 stock market crash.Oracle, SUN, Silicon Graphics and other companies held by Westeros have also experienced impressive growth rates this year.

With the listing of America Online and Cisco, the proportion of the Westeros system in the new technology industry has reached a level comparable to that of the media and entertainment industry.

Cisco is listed on the stock market, and it is naturally impossible for Simon to be absent.

Arriving in New York one day earlier, Simon lived in his apartment on Fifth Avenue in Manhattan that night. Just after seven o'clock in the morning on September 9, Simon hurried to the Nasdaq Exchange in Midtown.

Because of the recent series of operations surrounding Cisco’s IPO, the bell-ringing ceremony was more lively than America Online’s in July. Even Daenerys Entertainment’s Amy Pascal and Robert Iger and other executives attended , in addition to Hollywood's strong lineup, the Cisco team also invited a large number of politicians and celebrities.

After some photos and a brief greeting with the guests, Simon was quickly ushered into the interview hall of the Nasdaq Exchange.

This battle is almost the same as it was two months ago.

Although Simon had already answered many questions when AOL was listed last time, the media's curiosity about him obviously couldn't be satisfied in just 10 minutes last time.

"Simon, Cisco's IPO has been basically successful. However, the valuation of 50 billion US dollars is still a bit crazy to me. How did you make up your mind?"

"Because I believe that Cisco has such market potential, just like I invested in companies such as Microsoft and Intel. This is a very obvious industry trend. How big is the output value of the traditional telecom equipment market? The same should be true for capacity in the equipment market. Cisco is just getting started."

"Traditional telecom equipment manufacturers, such as Motorola, have a market capitalization of around US$[-] billion. Simon, do you believe that Cisco can surpass Motorola?"

"I've sold Motorola stock."

"..."

This kind of answer is a little bit wrong.

In the interview hall of the Nasdaq Exchange, a group of reporters were stunned when they heard Simon's answer, and then some people laughed.

The entanglement between Simon Westeros and Motorola has been mentioned in recent years.

Robert Galvin, the former chairman of Motorola, still often criticizes the young rich man's actions in the media.

Many technology stocks have been on the rise recently.

However, at this time, another reporter thought that because of Simon's remarks at this time, Motorola's stock may fall again after the market opens today.

Although Motorola has developed rapidly in recent years.However, this is a company that Simon Westeros is not optimistic about.

"So, Simon, what do you think Cisco's market capitalization potential should be?"

"It depends on how long you're talking about."

"What about five years?"

In 1996 in this time and space, the level of Internet development should be at least equivalent to 1998 in memory.

Simon thought about it seriously, and replied, "500 billion U.S. dollars."

Hearing the number Simon said, there was a brief uproar at the scene.

There are a lot of live footage here, Simon Westeros, you have to bear the responsibility for talking so much.

Five years, $500 billion.

At Cisco's current $50 billion valuation, that's 1000% growth.

If it goes from $5 million to $50 billion, this possibility may still exist.However, the volume is there, from 50 billion US dollars to 500 billion US dollars, this is a process of quantitative change to qualitative change.

In North America, there are only a few companies with a market value of US$500 billion, such as IBM, General Motors, and AT&T.

"Simon, are you serious?"

"Simon, is this a guarantee, or is this just a joke? You know, there may be tens of millions of people staring at you in front of the TV right now"

"Simon, what is your basis?"

"Simon..."

The crowd of reporters in the audience was bustling with each other, and even some people watching outside the interview area showed astonished expressions.

Simon sat on the sofa in a relaxed posture, waited for a moment of hustle and bustle, and then slightly pressed his hand, saying: "No one knows what will happen in the future. $500 billion is my confidence in Cisco. You can choose to believe it, or you can choose to Ignore it directly. Because this is something in the future, I can’t give any guarantees. However, you can refer to what has happened. For example, when I first invested in Microsoft a few years ago, the company had the lowest stock market crash at that time Dot’s market capitalization is only more than one billion dollars, and just yesterday, its market capitalization was 126 billion U.S. dollars.”

"Simon, Microsoft is a miracle."

Simon shrugged and said with a smile: "Who says it's not. Moreover, Microsoft currently has many competitors, but Cisco does not. Not only in the United States, Cisco does not have any competitors on a global scale. The Internet industry is destined to It will be global. So, who's to say Cisco won't be the next miracle?"

"Simon, what do you mean, Cisco is a monopoly?"

Hearing this question, Simon glanced at the reporter who asked the question, and quickly shook his head: "Of course not, I hope that a company that competes with Cisco will appear in the industry as soon as possible. The lack of competition will only cause an industry to stagnate."

The reporter quickly asked: "However, it is an obvious fact that three companies, Cisco, AOL, and Eaglet, monopolize the technology of the World Wide Web."

Simon shook his head again, and said: "I don't agree with your point of view. It is very irresponsible to rashly use the word monopoly to describe some companies. The current situation, more accurately, should be a few companies in the Westeros system. In front of many people, just like when Bell invented the telephone many, many years ago, you can't say that someone else invented something before you and put it under the title of "monopoly". Hundreds of millions of dollars have been invested in advancing the technology of the World Wide Web, which we invented, and of course we are entitled to that head start."

Another reporter asked: "So, will the Westeros system open core patents to competitors?"

Simon nodded and said: "Actually, we are already doing this now. Otherwise, you should not see as many as [-] network sites appearing on the World Wide Web platform."

After Simon finished speaking, he glanced at the host next to him indiscriminately. This time, the vice president of the Nasdaq Exchange who was in charge of the last AOL bell-ringing ceremony was still in charge.The other party understood, chose a media that was closer to the Westeros system, and directly bypassed the sensitive topic of 'monopoly'.

Chapter 434 Crazy Stock Price (Revised)

The bell ringing ceremony ended, and when the inquiry period began, some people involved in this listing even had a feeling of unreality when they saw Cisco's soaring stock price.

After seven rounds of bidding that lasted two hours, Cisco stock was officially traded at an opening price of $28, a 18% increase compared to the issue price of $55.5.

The opening price increase of 55.5% is comparable to that of America Online two months ago. However, Cisco's market value at the opening market was 87 billion US dollars, but this has exceeded the highest market value of America Online's IPO two months ago.

however.

The opening market value of US$87 billion is still just the beginning.

For the next day, the entire capital market was closely watching Cisco's rising stock price.

Not counting the inquiry stage before the opening of the market, after more than four hours of trading, Cisco’s share price reached as high as US$49.75, equivalent to 276% of the issue price, and the highest market value reached US$154.7 at one point.

Such a market value has surpassed the relatively old technology giants Microsoft and Intel.

In the end, as of the close of the day, Cisco’s stock price was fixed at $36.25, with a single-day stock price increase of 101%, and its market value reached $112.7 billion.

In just one day, a corporate giant with a market value of tens of billions of dollars was officially born.

The Yahoo in Simon’s memory, on the first day of listing, the highest share price was more than three times the issue price.However, at the highest point of Yahoo's share price on the day it was listed, its market value was only about US$10 billion.

A company with a market value of US$10 billion and a company with a market value of US$100 billion are obviously not the same.

What's more, it's still 1991.

In this era, in North America, there has not yet been a corporate giant with a market capitalization of [-] billion.

A market value of tens of billions of dollars is already a threshold.

For example, Time Warner, a media giant with US$250 billion in corporate net assets, had a market value of just over US$80 billion last year due to the economic environment and high debt.After the U.S. stock market rebounded this year, it returned to the [-] billion market capitalization club.

Therefore, Cisco's market value broke through the tens of billions of dollars in a single day, which can definitely be called a miracle.

Prior to this, many analysts on Wall Street predicted that Cisco's best IPO market value should be 30 billion US dollars. After listing, if the market feedback is good, the market value is expected to exceed 50 billion US dollars.

For Simon to directly determine the market value of Cisco's IPO at 50 billion US dollars, Wall Street generally believes that this is a kind of risky move, which is a stupid trick of Simon.

The issue price is set too high, which limits the room for the stock price to rise. Even if the IPO is barely successful, it is likely to cause the tragedy of the stock price breaking after listing.

Once a company's IPO breaks out, its development in the next few years may be clouded.

The final result of the matter was obviously beyond everyone's expectations.

The highest single-day increase was 176%, and the highest market value was 154.7 billion US dollars.

The closing increase reached 101%, and the closing market value was 112.7 billion US dollars.

Such an excellent start, even if there will be a correction in the stock price in the next period of time, it will not be able to conceal the fact that Cisco is favored by the capital market.

Looking back from the results, many people found that Cisco's opening on the first day of listing was not an accident.

The most notable point is that compared to the previous AOL, Simon Westeros’ public performance was obviously more high-profile and public. The entire Westeros system was building momentum for Cisco’s IPO. Simon Westeros For the first time, Stroh published a signed article in The New York Times.

Young people who have accumulated tens of billions of dollars of wealth in just a few years are enough to win the enthusiastic pursuit of the capital market.

Simon Westero’s prediction at the bell-ringing ceremony that Cisco’s market value is expected to exceed $500 billion in the next five years completely ignited the market enthusiasm accumulated by the Westero system for Cisco’s IPO during this period.

Counting from the stock market crash in 1987, the average annual return rate of the U.S. stock market has been less than 10% in recent years due to the continued economic downturn.

Even based on Cisco's market value of US$112.7 billion at the close of the day, if the company's market value can reach US$500 billion in five years, the return on investment will be enough to attract countless pension funds, insurance funds and other capital forces in North America.

Affected by the surge in Cisco's first day of listing, the technology sector of the US stock market also rose across the board.

Microsoft's stock price rose 6.3% on the day, with a market value of $133.9 billion at the close.

Intel's stock price rose 3.7% on the day, with a market value of $110.9 billion at the close of the day.

AOL's stock price rose 7.1% on the same day, and its market value reached 71.9 billion US dollars, returning to the peak state on the first day of IPO in July.

Among the rising technology stocks, Motorola, which fell 3.9% in a single day, is like an alternative.

Such a result is only because Simon Westero said in an interview on the day of Cisco's listing that 'I have sold Motorola's stock'.

In fact, Motorola in Simon's memory, at the peak of the wave of new technology around 2000, its market value once reached [-] billion.Due to the rise of mobile communications, this company's performance has continued to rise in the past two years, so it is very worth investing in.

However, since the two sides have formed a bridge, Simon has no intention of easing up.

Moreover, Motorola is undoubtedly the biggest obstacle for Nokia to enter the North American market next.

In the process of acquiring Bell Atlantic, Simon had to publicly promise that Nokia would not enter the North American market because of Motorola's objection to federal regulators.

This time, Robert Galvin, the retired chairman of Motorola, did not disappoint the outside world, and once again came forward to attack Simon in the media. Galvin believed that Simon's remarks at the Cisco bell ringing ceremony were extremely irresponsible and a kind of insult. Investors are misleading, and the SEC should initiate an investigation into Simon's remarks.

In the ensuing weekend, Motorola's management had to publicly clarify again that the company's operating conditions were excellent, and at the same time claimed that it would enter the Internet equipment market and break Cisco's monopoly in this field.

Because of Cisco's high stock price on the first day of listing, it is inevitable that there will be short selling on Wall Street.

Robert Galvin's attack on Simon clearly played into the hands of some hedge funds.

Therefore, in the next few days, there was a wave of irresponsible remarks attacking Simon on Cisco's future stock price in the media. However, predicting the future stock price trend of a company is basically what the entire Wall Street is doing.

Every Wall Street investment bank will regularly release corresponding evaluation reports.

Simon's statement about Cisco's five-year market value of $500 billion, while outrageous to many, does not violate any federal stock market regulations.