Chapter 654: 654

At this stage, the personal computer industry led by IBM and the video game industry represented by Sega are almost dazzling, because its background is that the American economy is falling into a serious recession.

The obvious reasons for the severe recession of the US economy are not only the more and more serious economic problems accumulated over the years and the residual impact of the second world oil crisis, but also the contraction monetary policy of the Federal Reserve.

After Paul Volcker became chairman of the Federal Reserve in August 1979, in order to curb high inflation, he began to deploy a contraction monetary policy.

At the end of the first quarter of 1980, inflation in the United States was close to 15%, and Paul Volcker's contraction monetary policy began to be implemented more vigorously,

With this grip, the water can naturally be squeezed out, but the degree of discomfort is very painful. In addition, 1980 is the year of the US general election, and the influencing factors of governance can not be ignored. Therefore, Paul Volcker briefly relaxed the monetary policy later, and the overall situation of the US economy came out of a V-shape in 1980.

This year, after Li Gen of the Communist Party took office as president of the United States, I don't know if Paul Volcker belongs to the Democratic bamboo party. His shrinking monetary policy is no longer forward-looking and backward. Many industries are almost choked, especially industry, agriculture and construction.

It is not hard to imagine that the reaction of Paul Volcker's shrinking monetary policy at the bottom of the United States can be called boiling public resentment. For example, in order to protest, an American farmer drove his tractor into the Peanut Stew in the American capital and blocked in front of the EXX building of the Federal Reserve headquarters. The scene was quite lively.

How severe was Paul Volcker's monetary policy? The two indicators can specifically reflect one or two.

One indicator is the federal funds rate, which is what the United States calls it. In fact, it is the overnight lending rate among banks. In 1979, when Paul Volcker became chairman of the Federal Reserve, its average level was 11.2%; This year, it has been raised to 20%.

Another indicator is the most favorable interest rate, that is, the basic loan interest rate for a bank to lend to its most important or best credit customers, which has risen to 21.5% this year.

In this case, those industries whose business operations are sensitive to loans naturally complain incessantly; The overall situation of the U.S. economy began to take the big V-shape this year after walking out of the small V-shape last year, but I don't know where the "bottom" of the V-shape is.

The current personal computer industry and video game industry, led by hardware sales, can be said to have obvious manufacturing characteristics, but it has not been affected by the overall situation of this serious economic recession, which has amazed all walks of life, fully demonstrated the charm of the emerging high-tech industry, and it is inevitable to be pursued by capital.

After Gao Xian officially "broke up" with IBM, he felt more or less relaxed.

This economic recession, which is at the stage of the transformation of American economic policy from Keynesianism to neoliberalism, does not just affect the immediate feelings of sympathy. I am afraid that the first few years after the recession will also be difficult, just like the global economic recession from 1974 to 1975 caused by the first world oil crisis.

Although the market value of IBM has been driven to more than $70 billion by the vigorous personal industry, which has doubled over the dark period of previous years, at least half of IBM's profits depend on the mainframe computer business.

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In terms of technology, mainframe computers are constantly facing the elimination challenges of new technologies. For example, 32-bit microprocessors have come out; In terms of revenue, enterprise information processing needs have more choices and more economical solutions.

Therefore, it is obviously necessary to copy the successful experience of operating mainframe computer business to IBM in personal computer business, and its prospect may not be optimistic. Now that we've broken up, Gao Xian doesn't have to worry. He can have more energy to deal with higher priority affairs.

For this wave of severe economic recession in the United States, Gao Xian has the most intuitive feeling through at least three circles around him, that is, Howard Hughes company, Gulf western industrial company, and the miscellaneous businesses such as casino, hotel, transportation, trade and real estate actually in the charge of Wen Enhui.

Howard Hughes has a strong foundation and continuous guidance from high string. For example, it has been properly handled early. Now it seems that several mining companies are in big trouble. Therefore, in the face of the severe economic situation, as long as they play a steady and steady way, they can get through safely without even thinking of layoffs.

However, on the big issue, Gao Xian still wants to remind Michael Blumenthal, CEO of Howard Hughes, because he intends to acquire Bora, which is second only to IBM in market share of mainframe computer business and has high-quality customer resources.

"Your contact with Bora has been very smooth, but I also heard that Bora regards itself highly. In the current economic situation, let's pause the acquisition process." Gao Xian suggested brightly.

Michael Blumenthal sighed with regret, "indeed, at this time, large-scale acquisitions must be cautious and cautious. I hope that this air will enable Bora to have a clear understanding of its own situation and eliminate the idea of lion's big mouth."

"I know that you have been planning to develop the enterprise application market owned by bora." Gao Xian pointed to Zhou Wenyao with a smile. "Happy technology has made achievements in new microprocessors, computer architecture and so on."

Zhou Wenyao then said: "Happy technology has two new computer architecture product models. In terms of technology, RISC microprocessor and general microcomputer technology including personal computer bus upgrade are adopted, which are called server and workstation respectively. The former mainly runs database and forms a small network with personal computer as terminal; the latter mainly processes graphics and images, which is equivalent to strong function With many times of personal computers, it can be the best working platform for professionals, including the publishing industry. "

"Their target customers are enterprises, and the unit price will not exceed $twenty thousand. The cost advantage will surely bring a new world to the market gap between personal computers and small computers," Data Device Corp, who has seized the opportunity of small computer development.

Michael Blumenthal listened with two eyes shining, "I have heard Sir Gao praise your technology research and development. For example, he participated in the research and development of the underlying technology of the national network system of France Telecom not long ago. Since the server and workstation have considered the specific market problems such as target customers, I want to visit it immediately."

"You won't be disappointed," Gao Xian joked confidently, "Howard Hughes can now be ready to set up a subsidiary and quickly develop the American market."

……

PS: sorry, I'm busy these days. I went to the customer. The reception was very friendly. I stayed for two days and didn't come back until the afternoon. I delayed the update and tried to make up for it.

PS: bow to thank the book friend: the reward of ambush!!

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