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The 1992 financial report of Igreit was so eye-catching that even if many people tried to keep a low profile, they failed to do so.

The San Francisco Chronicle, a subsidiary of the Hearst Group, published an article on the front page of the newspaper on the third day after the annual financial report was released.

If it is a company with a revenue of only a few million or even tens of millions of dollars, it is not uncommon for an annual growth rate of 400%.

However, for a company with a revenue volume of 100 million, its annual revenue jumped from US$491 million to US$1.937 billion, and it was not through mergers and acquisitions, but only the natural growth of the company itself, which is worthy of global business history. called a miracle.

You know, the 1992 Fortune 500 list of the top 500 U.S. companies had a revenue entry threshold of only $528 million.

In 1992, Ygrit's revenue of $1.937 billion was enough to rush to the 219th place if it declared its participation in the "Fortune" magazine's top 500 American companies auction. Even on the Fortune 500 list with an entry threshold of $2.329 billion in 1992, Igreat is very close.

It is not so easy to enter the top 500 companies in the United States or the world's top 500 companies.

Take the top 500 companies in the United States as an example. The average age of all these companies on the 1992 list was 42 years old, while Igret was founded only four years ago.

Moreover, 4 years ago, most of the public did not even have any concept of the Internet industry. In other words, Igreit is equivalent to creating a new industrial field.

This is basically the truth.

With the publication of the front-page article of the "San Francisco Chronicle", the amazement, doubts and attacks of various media came one after another.

In recent years, Igret has operated through several outstanding news events, which have clearly made traditional print media platforms feel threatened.

Although the advertising revenue from portal websites only accounts for about 10% of the total revenue in Igreit's financial report, traditional media are still facing a formidable enemy. The Boston Globe, which has a great influence on the east coast, has no The covert attack on this earnings report of Igreit is grandstanding and misleading to the capital and the public, so even the federal authorities are required to investigate this 'ulterior motive' article.

No matter how fierce the outside world's doubts and attacks are, with the release of the article, the capital market quickly made the most direct response to the U.S. technology sector.

Igret is not a public company, but Cisco and AOL are.

Moreover, a complete Internet industry chain jointly built by the three companies can be seen by anyone with a discerning eye.

As a result, the market value of the two companies that just broke through the market value of 20 billion US dollars in early February was directly rushed to 30 billion US dollars with the release of their own financial reports that have also grown significantly and the data leakage of the explosive annual financial report of Igreit. .

In the chaos, the time entered March 1993.

Moreover, for the Internet industry, this is destined to be an extraordinary March.

The aftermath of the data leak of Igret’s annual financial report has not subsided. On March 2, Bill Clinton, who had been in office for less than two months, officially launched a one-day visit to Silicon Valley amid his busy schedule. Among them, Bill Clinton visited the headquarters of five companies, namely Hewlett-Packard, Intel, Cisco, America Online and Igret, and delivered a speech on the "Information Superhighway Project" in the auditorium of Stanford University in the afternoon.

When Bill Clinton visited Silicon Valley, three of the five companies on his schedule were affiliated to the Westeros system. Even if a young man did not appear during the entire visit, this arrangement was enough to show that the The strong connection between the Strow system and the new president is evident.

Therefore, on the second day after this visit, the market value of Cisco officially broke through the $30 billion mark, and the market value of Cisco was fixed at $31.2 billion at the close of the day.

This is just the beginning.

Then, in the second week of March, on March 8, the U.S. Senate formally voted to pass the "Information Superhighway Plan" bill that has been in the making since last year.

When the bill was officially announced, the eyes of the whole world were instantly focused on it.

The core content of this 20-year plan with a total investment of $400 billion is to build a complete information network composed of communication networks, computers, databases and everyday electronic products to provide the public with a lot of information.

The specific contents of the bill include 'promoting investment in the information industry', 'increasing infrastructure construction', 'guaranteeing information security and network reliability', 'relaxing spectrum control', and 'strengthening intellectual property protection'. It is to promote the development of the information industry with the greatest force available to the entire United States.

Historically, the "Information Superhighway Project" was launched in 1993, when the Netscape browser was just born, America Online had not yet emerged, and Yahoo had disappeared. Although the Clinton administration tried its best to promote the bill, it was still difficult. Let the public appreciate the importance of this Act.

This time, with the advance of the Westeros system, AOL, Cisco, and Igret have all risen ahead of schedule. Whether it is capital or the public, they all intuitively realize the impact of the arrival of the information age on the entire society.

impact.

Therefore, when the "Information Superhighway Plan" was officially released, the US technology stock sector did not experience the brewing from 1993 to 1995, but directly began to take off.

AOL also crossed the $30 billion mark on March 9, a week after Cisco's market value topped $30 billion.

At the close on March 9, Cisco, which almost monopolized the basic network equipment market, had a market value of $35.1 billion, and AOL had a market value of $30.9 billion.

Other important technology stock companies, Microsoft, Intel, Apple, sun, etc., the stock prices are also rising rapidly these days.

The month of March, which is crucial for the internet industry, certainly doesn't end with the publication of a bill that may take long-term effects.

On March 11, Microsoft held a press conference in Seattle and launched a new Windows 3.2 system.

In the past, the Windows 3.2 system was released in 1994, and compared with the Windows 3.1 system, the improvement was not great, mainly because of the addition of multi-language support including Chinese.

This time, the Windows 3.2 system, although released one year ahead of schedule, is a brand-new system specially customized by Microsoft for the arrival of the Internet era, which greatly enhances the support for multimedia services such as network, image, audio, and video. Not only that, the Windows 3.2 system also launched the 'Start' menu, which is crucial to Microsoft's Windows platform, in advance.

Simon had already obtained the trial version of Windows 3.2 three months in advance. In his opinion, this operating system equipped with the 'Start' menu in advance has a small gap with the classic Windows 95 in memory.

Next, the important breakthrough of windows95 is probably only the upgrade of 16-bit system to 32-bit system.

On March 12, the second day after Microsoft's Windows 3.2 was released, Intel had released the first-generation Pentium processor with basic parameters in October last year, and officially launched it to the market.

The Pentium era begins.

In the original time and space, relying on the Pentium series processors, Intel completely ended the state of pc processor chips, and the x86 architecture dominated the arena.

After the two technology giants jointly played a set of combined punches, as of the close of market on March 12, Microsoft's market value reached 32.6 billion US dollars, becoming another new technology company with a market value of more than 30 billion US dollars after Cisco and America Online.

Because there are many competitors such as Apple, Motorola, and AMD, Intel's market value is also affected by the recent popularity of technology stocks, but it has not made much breakthrough. The market value of the day was fixed at 26.1 billion US dollars, which is still quite a distance from 30 billion US dollars. gap.

However, when the day was over, the eyes of many media could not help but fall on these four companies that were heavily held by Westeros.

On Friday, March 12, in addition to Microsoft and Intel, Cisco's closing market value was $35.6 billion, and AOL's closing market value was $31.7 billion.

According to Westeros’ stakes of 50.1%, 66.1%, 21.3%, and 15.6% in Cisco, America Online, Microsoft, and Intel, respectively, Simon Westeros’ shares in these four companies are worth up to $17.8 billion, $20.9 billion, $6.9 billion and $4.1 billion.

The holdings of any one of the first two companies have already exceeded the personal assets of 15 billion US dollars of real estate Ti Yoshiaki, the second richest man in the world in 1992.

The combined stock value of the four companies is a staggering $49.7 billion.

In recent months, many media have predicted that Simon's personal assets in 1993 will exceed the 100 billion mark, becoming the world's first billionaire.

Originally, many people were skeptical about this.

Even though Westeros' personal assets in 1992 had reached $65 billion, how could it be so easy to reach the $100 billion threshold?

Now, just the four technology companies held by the Westeros Company have brought Simon’s personal wealth to $49.7 billion, plus Daenerys Entertainment and Cersei Capital under the Westeros Company. , Melisandre Corporation, Igret Corporation and many other assets, there is no need to wait for the release of the new Forbes rich list in the second half of the year. Simon Westero's personal assets have obviously exceeded 100 billion. Dollar.

When some media have begun to quietly count Simon's personal wealth in order to gain some attention and sales, another news came out the following weekend.

Igrit, a Westeros company alongside Cisco and AOL, will make its first external equity financing, selling 10% of its shares.

Quote, $1.5 billion!

Many people saw this news in the media, and their first reaction was that the lion opened his mouth.

However, there was silence immediately.

A 10% stake, at $1.5 billion, means Westeros values ​​Igret at $15 billion.

Companies with similar market capitalizations in the market, based on a higher price-to-earnings ratio of $3 billion, should also have revenues and profits of around $5 billion and $500 million.

Igret's 1992 annual revenue was only $1.937 billion, and it lost $139 million in the past year.

However, Igreit obviously cannot be classified as a traditional enterprise.

This is an Internet company that has been highly sought after recently.

And pretty much dominates the World Wide Web portal.

The industry is not without the news that other technology giants are looking for new network technology standards to circumvent the patent barriers of Igret's World Wide Web technology, but the development of the World Wide Web is too fast. At this stage, 90% of Internet sites use the World Wide Web technology, so that for ordinary people, the World Wide Web is actually equivalent to the Internet.

Therefore, even if other network technology standards are introduced, the first thing to be realized must be compatibility with the World Wide Web.

Otherwise, your network can't connect 90% of the Internet sites, so what's the point of existence.

To achieve compatibility with the World Wide Web, it is simply impossible to bypass the World Wide Web patents.

Therefore, people with discerning eyes know that to create a network standard that can compete with the World Wide Web technology is as difficult as creating a compatible DC power system in the AC power grid system that has been widely used in the world. possibility.

Since you can't compete with the World Wide Web, if you want a piece of this industry, you have to join it.

In the past few years, Igreat has also shown a fairly open attitude. Except for some patents related to its core business interests, the free World Wide Web technology released by Igreat is enough for other newcomers interested in this field. Tech companies grow their own businesses.

However, the market created by this kind of opening cannot be the same as the value contained in the company itself.

Therefore, from the beginning of the Igreit Company, many people closely watched the development of this company, and more than once tested the Westeros system to see if they could invest in this company.

Whether the previous answer is naturally specific.

Relying on the profits contributed by companies such as Daenerys Entertainment and Cersei Capital, the Westeros system's need for funds is not urgent, and even if there is a lack of money, with the heritage of the Westeros system, it is easy to get from the majors. Banks get $1 billion in loans.

As a result, many people once felt that the Igreit company might remain absolutely private for a long time.

Because they can't get involved in it personally, some forces have begun to ponder how to 'remind' Simon Westeros not to eat alone.

Unexpectedly, with the occurrence of a series of major events related to the new technology field in March, the Westeros system took the initiative to release the news that Igret will conduct external financing.

This is the news that many have been waiting for.

However, the results were not as expected.

A 10% stake, $1.5 billion, is too expensive.

Even if it is clear that Igret is indeed worth the price, it is just, 1.5 billion US dollars, not 150 million US dollars, not 15 million US dollars.

Such a huge amount of money can only obtain 10% of the shares of a company. Any capital interested in Igreit will inevitably hesitate to do so.

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