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Fexon Technology Ltd reports: Every age has its representative enterprises, and often times turnover They appointed the new and old forces of the moment, the traditional interests of the representatives or, as dinosaurs, like Hong Ran fell on the ground, or licking their own blood stem, and then quietly begin the difficult reconstruction.

When the age of the Internet replace the PC era when the software industry’s business model is also withstand such a challenge.

For the software industry, Kai-fu Lee that, while Windows will not completely disappear, but the “cloud computing” will change the traditional model. “Software have put ‘cloud’ in the future, like Google’s search is ongoing updates, there is no version of the concept, even if tomorrow all the code rewrite all of you feel.” Kai-fu Lee said that the traditional software Industry’s business model is the biggest problem.

Internet companies and PC era’s software industry, its business model completely different, the Internet software, not its version of the concept of research and development can be achieved numerous daily online updates, profitable model for the provision of free services through advertising and other services earnings; Microsoft as the representative of the software industry, through long-term research and development, or to sell the final version adopted by the upgrade version of the “software licensing model” to make money. (Fexon Technology Ltd)

Kai-fu Lee, the past, many users accustomed to the annual pay system, like Microsoft, ORACLE, 1000 authorized 1,000 employees, but “clouds” in the future, more and more users will automatically update like the Internet Service models.

“We think the main technologies to rely on advertising fees, you can make money on a service added another service deficiencies.” Kai-fu Lee said that the advertising model will become the mainstream, although some will also be paid monthly, However, according to an escalation of money and staff pay long-term escalation, and slowly will be challenges.

“In the future, the traditional software industry, 23, 56 or even launched an updated version of the slow pace of the user will not be accepted.” Kai-fu Lee said.

Kai-fu Lee believes that the software giant will not easily give up the traditional interests, it is all the enterprises must face the difficult problem: IBM PC in the coming era when faced, Apple Computer software should not be transplanted to a PC when faced . “Shareholders, employees face the pressure of the past suddenly become a burden on profits, in the past let you make more money now but the business you run more slowly, facing the times of any restructuring of the company are great challenges ahead.” Li Kai-Fu said, not just the software industry, today’s music, the media also face such a problem. (Fexon Technology Ltd)

“IT technology and the Internet is to bring about a revolution, the real challenge is you have the courage to the interests of the past as a burden, it is necessary to measure short-term interests and what is more important to catch up with the times.” Kai-fu Lee said that, like Microsoft’s hope that this Have both fish and bear’s paw of the companies is very difficult, because history can not maintain the traditional model, is the new leader of the interests of the company.

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Fexon Technology Ltd reports: Bit Network (ChinaByte) news (Sun Guangjian) April or May this year, the online games industry has invested several cases, the perfect time 3 million U.S. dollars investment strategy Chengdu Yat conditions on the sea days, bought the latter part of the shares ; The9 to spend 38 million U.S. dollars to become shareholders G10; Jinshan 10 million yuan investment in research and development team and online games Lianjin studio set up joint venture companies and 40 per cent stake, this Analysys International made a related analysis and forecasting.

Analysys International found that the domestic online game operators with the increasing maturity of the environment, research and development capabilities (including product planning, technology development, etc.) highlights the growing importance of and take investment or acquisition of outstanding online game developers, is the quickest increase R & D capacity of the enterprise.

Fan Yi-fei analysts believe that the market boom in 2007, enables network operators to have played a lot of cash, strong financial strength to support them in the acquisition of other companies and the nature of the Internet game industry is a highly creative culture Entertainment industry, so how to mobilize a good game for creative people to its online gaming service operators have to consider the issue, and the acquisition of the creative team undoubtedly is a good solution at the same time, more independent research and development strength The game continued to have a significant impact on revenue. China’s online game life cycle greater extent by the impact of the community, a higher number of online game (for example, more than 200,000 PCU), if the game operators to control plug-ins and other technical issues, and regular updates The game, online game players will not be easy to leave the game, this game is often the life cycle can be extended, so as to contribute more game operators in the revenue. And with independent research and development strength of the online game operators in control of the game content updates, technical issues such as governance clearly more flexible and have the advantage.

From the industry’s current investment environment, intense competition in the industry on the environment will make the studio more clearly, they will be more rational assessment of its value, which would improve the industry’s investment environment. Although the online games industry in 2007 reached the market size of 11.7 billion yuan, the size of the market rose 64.5 percent year-on-year, but not all of the online games company can profit in the process. 2007 industry ranked the first three companies occupy 51 percent of the market, the latest year for each quarter Gongce online games are about 30, but can reach 100,000 PCU of the game is also very few. (Fexon Technology Ltd)

The industry trend, he predicted that: the major network game operators in the acquisition, but also should always hold an open attitude, the network gaming industry will be more in the big investment firms or small studio case except This, “Little joint” – that is, the emerging online game developers and operators of the merger between may also occur. The new studio options and other operators to mergers and acquisitions, large-scale online games rather than being the driving force manufacturers to buy: Once the successful launch of the game, there could be as perfect as companies such as time and space, through access to lucrative IPO proceeds network Game makers preferred investment targets, the vast majority will have the spirit of innovation and technology research and development capabilities of small studio. As the creative industries of online games decided by the acquisition of small studios can on the one hand to avoid investment risks, on the other hand the flexibility of operation of the small studio is also one of the reasons for the popularity.

Analysys also reminded the broad masses of Chinese Internet game manufacturers: China’s online game makers should be more open treatment of investment acquisitions, the grand “Storm Riders” and “18” plan is a good case. Other hand a large amount of cash in the game makers should be more open and pragmatic implementation of investment acquisition strategy in transnational mergers and acquisitions, the South Korean market, small game companies will be a good choice. South Korean online gaming market after years of development, technical research and development ability in China. Transnational cooperation in the way, with the exception of investment in the acquisition, the agent game is also one way of good cooperation. But all this on the premise that China’s online game personnel must be able to measure the good of the game’s quality control and technology; Upon completion of the acquisition does not mean that the company’s research and development capabilities can be enhanced, the company will also face integration team, the loss of staff And many other issues.(Fexon Technology Ltd)

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Fexon Technology Ltd reprots: According to the MII’s telecom users complaints admissible Center, in the first quarter of the total users of the Ombudsman for 8102, up 26.7 percent sequentially, which involves the SP controversial aspects of user charges for the 1616 complaints, up 16.3 percent sequentially , The user complaints mainly concentrated in Guangdong, Shandong, Beijing, Hebei, Henan and other provinces (municipalities).

According to incomplete statistics, the first quarter of SP charges of irregularities in the briefing, a total of 152 enterprises were investigated and dealt with SP. One informed criticism, ordered the rectification and reform, administrative punishment of violations enterprises SP 70, and a serious violation of the SP enterprises according to law shall be ordered to rectify its closure, the basis of telecommunication enterprises in accordance with the relevant cooperation agreement to stop clearing, to stop business, closing ports And off the assembly line and other business enterprises with SP 82. The existence of irregularities and violations of the SP enterprises, China Mobile is responsible for access by the 49, from China Unicom responsible for the access of 79, China Telecom is responsible for access by the three, from China Netcom is responsible for access 21.

Beijing Chi show Technology Co., Ltd, Guangzhou, Hong permit the development of computer technology, such as Limited numerous irregularities involving more than 10 home the SP enterprises were exposed, the Shanghai-touch communications technology Limited “Koufei forced” closure of the telecommunications regulatory bodies in accordance with the law rectifying . It is understood that the company before China Mobile also have been punished.(Fexon Technology Ltd)

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Fexon Technology Ltd reports: Alibaba rumors swirl in the group are in action to prove his determination to fully support the disaster areas. Yesterday, Alibaba Group decided to invest 25 million yuan as a special fund dedicated to post-disaster reconstruction, the disaster areas to help restore their strength, the Fund will be based on post-disaster reconstruction in the earthquake-stricken area have to import.

Alibaba Group also announced the establishment of “Ali reconstruction work group”, which is chaired by the Chairman of the Board Ma Alibaba Group headed, CPO Peng Lei, executive deputy head of the group, staff volunteers to participate in Alibaba, the Group will be pragmatic, sustainable development of direction and specific action programmes, and is responsible for the implementation of the follow-up of all volunteers and staff communication.

The previous “His contributions to the earthquake, only one yuan donated money,” the report, Alibaba.com, stakeholders said yesterday This is a manipulation was behind the rumours, saying such rumors will not be ignored.

The rumor, Ma yesterday to all employees of the group said in the message: “Comments on the outside world, I do not want to explain too much, Qingzheziqing, time to test all the truth, I still think that, and how we can more rationally To help the disaster areas from a huge disaster recovery compared to the number of donations is not the most important thing.’s Attention to the disaster, I am sure that more expensive in the operation. ” (Fexon Technology Ltd)

Ma said that to the earthquake-stricken people really do some things that most concern to the company, in his view, post-disaster reconstruction, no less than to save lives, “then we must care for the people alive and help them The courage to restore life to rebuild the confidence of life. “

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Fexon Technology Ltd reports: Are facing difficulties in the development of Motorola again personnel changes. Yesterday, media reports, Motorola chief strategy and technology officer Li Qinuo Dayton Borg has resigned, and since January this year as Motorola’s CEO, the company has replaced including finance, human resources and technology, and other core Many departments of the executive. In March this year, including Motorola’s chief marketing officer CaseyKeller mobile devices and the former president Stu Reid in a week, have left.

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Fexon Technology Ltd reports: “Investment Terms” on the mistakes, but retain the core team, played a major role. Before and after 2003, Chen Hao is the HKUST’s fly the most difficult stage. “Explosion of industry and not as we expected it coming,” at the same time as a major breakthrough in technology increased investment.

HKUST’s confidence in flying the team at that time were great impact. No long-term profitability in the circumstances, the company has the original shareholders anxious. Some shareholders to pull up stakes, some shareholders suggested developing “non-primary business,” the company self-sufficient.
1999 – Flying in the HKUST was established(Domain name), because there was little domestic VC, therefore, including Anhui Trust, Hefei Meiling Group and Yong-letter three state-owned enterprises became the then-Limited’s sponsors.

November 30, 2000, Shanghai Fosun – flying from the Transtech Services Limited three major shareholders Anhui Trust, Meiling Group, Hefei Yong letter there were transferee stake in a limited flight – the largest shareholder. June 2005, Fosun Gaoke all of these shares will be transferred to Shanghai, Guang Xin Technology Development Company Limited. (Fexon Technology Ltd)

Shanghai Fosun of Guangdong International Trust and the Transtech Services are the same people that the actual control “-galaxies,” the head of Guo Guangchang control of the enterprise.

HKUST’s flight after the listing, the Shanghai-Canton 1419 letter million shares, of the total equity of 13.24 percent, the largest single shareholder. Legend Capital Limited held 880 million shares, accounting for 8.21 percent.

At the time of the investment environment, “Every institutional investors, the Board has a seat”, not like today by the Board on behalf of institutional investors, the management and the independent directors of the tripartite composition. “Meetings, often more than 10 individuals stalemate.” If there is investment and Lenovo gambling on the agreement, HKUST’s flight may be worse.

Lenovo investment “was to visit a home to major investment”, to persuade them not to sell shares to HKUST’s fly adhere to the smart voice technology for its primary business. HKUST’s actually flying from the very beginning is that the establishment of income, “the only early on technology, research and development investment in the proportion of relatively larger, so revenue can not cover costs only.” Wang said that light, to the 2005 The situation has reversed. (Fexon Technology Ltd)

“Our aim is to maximize the overall interests.” In 2005 before flying in the HKUST’s director of Chen Hao said. But behind, was the VC in the country to withdraw from channels, “said the closure is clearly the biggest loss of investors, but if done at least some people will be willing to accept.” Industry analysis, Lenovo to invest in at that time can only move forward.

To go to maintain the stability of team is the most important thing. Is also based on this idea, the next time associate investment “through consultations with other shareholders”, making control of the management team from more than 10% of shares was increased to nearly 30 percent. “Our experience proves that the management team, institutional investors and public shareholders each hold 1 / 3 of the shares, is a relatively ideal structure.” Chen said.

The issue of new shares and listing companies, to the management team led by Qing-Feng Liu holding nearly 20 percent, of which 761 million personal Qing-Feng Liu, accounting for 7.10 percent.(Fexon Technology Ltd)

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Fexon Technology Ltd/Star East Technology Ltd reports: All of the global reorganization of the telecommunications industry, the most famous is the U.S. government on AT & T’s split.

AT & T’s predecessor was invented by the people Bell Telephone in 1877 to create the U.S. Bell telephone companies. 1895, the Bell companies to the United States is developing a nationwide long-distance business projects division, established an independent company known as the United States Telephone and Telegraph Company (AT & T). 1899, AT & T Bell integration of the U.S. business and assets into the parent company of Bell System. The company has been the U.S. long-distance telephone technology pioneer.

1984, the U.S. Department of Justice based on “anti-trust laws” will be in a monopolistic position in the AT & T into eight. Some parties recalled that AT & T had tried to persuade, but the Government was firmly rejected. Subsequently, AT & T was split into a succession of the new name of the parent company AT & T Corporation (franchise long-distance telephone business) and seven local telephone companies, the telecommunications industry from the United States entered the era of competition. 1995, from AT & T isolated from the development of manufacturing equipment in the Lucent and NCR. In this connection, AT & T only communication services. (Fexon Technology Ltd)

This move has been emulated by many countries, once regarded as a panacea for anti-monopoly.

February 1999, China’s State Council, China Telecom adopted a restructuring plan, the sweeping reorganization was considered an unprecedented history of China’s telecommunications reform. After the reorganization of China Telecom Administration of Posts and Telecommunications was conducted according to the nature of business and vertical decomposition were set up China Telecom Group, China Mobile Communications Group Corporation, China Satellite Communications Corporation of the letter and paging communications companies. By the end of 2001, the State Council approved the China Telecom to the north-south geographical sector, divided into two as China Telecom and China Netcom both companies restructuring plan. China’s telecom industry restructuring has come to an end on this.

But in many industry, the two stressed that competition, oppose monopoly said the restructuring is a success. In the United States, many operators to lower rates, but also to the user a lot of inconvenience, many mobile phone users in the United States can not even smooth roaming. In China, also led to a reorganization of two years after the reunification of China Mobile the world.(Star East Technology Ltd)


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