The economic crisis of US, makingmanyCompanyhave the heavy loss, has also includedTomgrandsonCorporation.
米国的经济危机,让许多企业受到严重损失,其中也包括了汤姆孙公司。TomgrandsonCorporation, as one of the consumer electronicsdomaingiants, set-top box, projectionand otherterminal devices, is the worldfirst, post-production of film and television, DVDcompact discmarketing channel, is the worldis topest, buttheyin a material item, have gone astray the road.汤姆孙公司,作为消费电子领域的巨头之一,机顶盒、背投等多种终端设备,都是世界第一,影视后期制作,dvd光盘销售渠道等,也都是世界最顶尖的,但是他们在一个重要项目上,走错了路。Thisproject, is the panel TV.
这个项目,就是平板电视。InitiallyFeng Yuhad remindedTomgrandsonCorporation, the plasma TV, was not worthinvestingis so big, the panel TVin the future, definitelyis the liquid crystalhas the superiority, becauseinvestedintoCompany of thiscampinvestsintoplasmaCompanyover a hundredtimes.
当初冯宇提醒过汤姆孙公司,等离子电视,不值得投入那么大,平板电视在未来,肯定是液晶更有优势,因为投入到这个阵营的企业是投入到等离子企业的上百倍。What a pity the Tomgrandsonstartshas not taken seriouslythis point, they the research and developmentonplasmainvestare high, the resultsales figure, is bad.
可惜汤姆孙开始的时候并没有重视这一点,他们在等离子上的研发投入非常高,结果销售情况,却非常差。Althoughafterwardannounced that the center of gravitychangesliquid crystal, but the plasma TVhas not given up. Finallythey are also tworoadsparallel, that sideFour Star Group, etc.withSouth Koreacompletelywas different.
虽然后来宣布重心转向液晶方面,但是等离子电视也并未放弃。结果他们也是两条路并行,却跟南韩那边的四星集团等完全不同。
A televisionservice of profitabilitysuperelevation, afterwardactuallymadeevery yearto lose moneyseveralhundred millioneuros.
原本一项盈利能力超高的电视机业务,后来却闹得每年亏损几个亿欧元。At the beginning, living that thesehundred millioneuroslosses, the Tomgrandsoncanwithstand. As the world-classconsumer electronicsgiant, the propertyis huge, severalhundred millioneurosareanything.
刚开始的时候,这几个亿欧元的亏损,汤姆孙能承受的住。作为世界级的电子消费品巨头,资产庞大,几个亿欧元算什么。Howevertheyelectric appliancesalethat sideEurope and America, has used the creditpattern. Alsois the consumercanFuShoufu, then the mortgagepays the money of electric appliance.
但是他们在欧美那边的电器销售方面,也采用了信贷模式。也就是消费者可以付首付,然后按揭支付电器的钱。This before, did not affectanything. The violationleadis extremely low, can actually promotiontheirmarket shares, letthemenormouslyinNorth Americaisfirst, is next towestEurope.
这在之前,根本不影响什么。违约率极低,却能极大的提升他们的市场占有率,让他们在北美是第一,在欧洲也仅次于西们子。
The data of onlythesemarket shares, maketheirbrand valuesextremelyhigh, the stock priceperformance of Corporationis also good.
单凭这些市场占有率的数据,就让他们的品牌价值极高,公司的股价表现也非常不错。Butthey with usingand otherCorporationhad made the samemistake, thatshould notletcreditCorporation, browses the real estateand otherfinancial items.
可是他们跟同用等公司犯了同样的错误,那就是不该让旗下的信贷公司,涉猎房地产等金融项目。Firsttwoyears, when the USsub-prime loanserviceis all the rage, creditCorporation of TomgrandsonCorporation, participated in the real estate creditservice.
前两年,在米国次贷业务风靡的时候,汤姆孙公司旗下的信贷公司,也参与到了房地产信贷业务上。Althoughtheydo not make the real estate creditservicedirectly, buthas purchasedmanysub-prime loanbonds, thinks that canappreciateto make money. At that timetheirthiscreditCompany, canmakea lot ofmoneyevery year.
他们虽然不是直接做房地产信贷业务,但是购买了不少次贷债券,以为能够升值赚钱。那时候他们这家信贷企业,每年也能赚很多钱呢。Howevernow, the sub-prime loanbondquicklyturns into the junk bond, the violationleadrises upsuddenly, letsTomgrandsoncreditCorporation, has oweda lot ofmoney.
但是如今呢,次贷债券就快变成垃圾债券了,违约率骤升,让汤姆孙这家信贷公司,亏了不少钱。Moreovertheirelectric appliancecredits, the violationleadis also getting higher and higher. More and more bad accountsappeared, making the fundrevolution of theirCorporationhave the bigproblem.
而且他们的电器信贷,违约率也越来越高。越来越多的坏账出现,让他们公司的资金运转出现了大问题。Theyinsomejoint capitalCorporation of world, becausealso the economic situationworsens, startsto have the large quantityloss. For exampleChinajoint capitalCorporation, joint capitalCorporation of Indiawait / etc..
就连他们在全球的一些合资公司,也因为经济形势恶化,开始出现大额亏损。比如华夏的合资公司,印度的合资公司等等。
The lossare getting more and more, the profitability of profitserviceis also dropping, thismakestheirfundseven morebecomes serious. MoreoverTomgrandson'sproduction cost, was higher thanotherto competeCompany.
亏损越来越多,盈利业务的盈利能力也在下降,这就让他们的资金变得越发吃紧。而且原本汤姆孙的生产成本,就高于其他竞争企业。Francedoes not implementfourdays of working systems, differs from the fourdays of working systems of othercountries. Althoughothercountriesarefourdays of working systems, buttime of day of workistenhours, isoneweeksimilarlyis40hours, butyoucanlike thisfewday of going to worktraffic allowance.
法国不是实行四天工作制么,跟其他国家的四天工作制还有所不同。其他国家虽然是四天工作制,但是一天工作的时间是十个小时,也就是一周同样是40小时,但是这样你可以少一天的上班交通费。SomeCompanyarefourdays of working systems, the operating time is also eighthours, suchCompanyfell the firewoodto the staff.
有的企业是四天工作制,工作时间也是八个小时,这样的企业都对员工降薪了。However the Tomgrandson is not only fourdays the eight-hour working day, andhas not fallen the firewoodto the staff, thismakestheirproduction efficienciesdrop, the costalsorose.
但是汤姆孙不但是四天八小时工作制,且并未对员工降薪,这就让他们的生产效率下降,成本还上升了。
The economic crisishastime, generallyfollows the factoryto go bankrupt, situation that the workeris unemployed, why is this? Because of the disbursement in thisaspect, is actually the Corporationdisbursementmaximumpart.
经济危机发生的时候,一般都伴随着工厂破产,工人失业的情况,这是为什么呢?因为这方面的支出,其实是公司支出最大的一部分。
The Tomgrandson'sdisbursementinthisaspect, is the worldis top.汤姆孙在这方面的支出,也是世界顶尖的。Slidesin the productsales volume, the profitdrops, evensomeserviceshave the massivelossestime, can theyalsopay such highsalary and welfare benefit, Companycannot have the problem?
在产品销量下滑,利润下降,甚至部分业务出现大量亏损的时候,他们还要支付这么高的薪酬和福利待遇等,企业怎么能不出现问题?Feng Yuhad already remindedTomgrandsonCorporation, theirCorporationmanagementhave very bighidden danger. Buthewith the Tomgrandsonis only the cooperation, notextremelyclose.冯宇早就提醒过汤姆孙公司,他们的公司经营有着很大的隐患。但他跟汤姆孙只是合作关系,也没有太过密切。Saidare too many, insteadwill make the personthink that hewantsto meddle the management of TomgrandsonCorporation.
说的太多,反而会让人以为他想插手汤姆孙公司的经营。At this time the Tomgrandson'scrisis, is they have only self to blamecompletely, Feng Yuhas also performed the duty of ally.
此时汤姆孙的危机,完全就是他们咎由自取,冯宇也已经尽到了盟友的义务。Actually the Tomgrandson'sbrand, Feng Yualsocalculatesto like, the marketing channel is also very good, technicallyalsohas many are the worldis top. Howeveroperation and management, Feng Yucannot have a liking.
其实汤姆孙的品牌,冯宇还算喜欢,销售渠道也很好,技术上也有着许多都是世界顶尖的。但是经营管理方面,冯宇是非常看不上的。Althoughsaid that Chinahereproduction costhas been also promoting, the wages of peoplestartedhigh.
虽然说华夏这边的生产成本也一直在提升,人们的工资开始高了么。HoweverFeng Yugivesthem the high salary, wantstheirlifting efficiency. MoreoverFeng YumakesCorporationopen the factoryinIndia, Braziland otherplaces, isonetype the way of reducing the labor cost.
但是冯宇给他们高薪,也要他们提升效率。而且冯宇让公司在印度、巴西等地方开设工厂,就是一种降低人工费的方式。Naturally, looks for some are the worldtopsubcontract(or)/OEM supplierfactoryproduces, is one of the cost reductionways.
当然,还有找一些是世界顶尖的代工厂生产,也是降低成本的方式之一。Tomgrandsontype, the costalsobrings upon oneselfhigh.汤姆孙这种,成本高也是自找的。
The Tomgrandsondoes not know that hiscostis high? Naturallyknows, but before them, has not cared.汤姆孙不知道自己的成本高吗?当然知道,但他们之前根本就没在意过。Theirbrandis big, technical, the value goodis very high, sells, profitnaturallygood.
他们品牌大,技术强,产品附加值很高,销售好,利润自然就不错。Butwhen the saleslides, andotherbrandsstartaftertheyscramble for the market, theirtheseinferiorityhighlight.
但当销售下滑,且其他品牌开始跟他们争夺市场之后,他们这些劣势就凸显出来了。
The Tomgrandsonhas not thought that the USwill lead to the economic crisisunexpectedly, andsuchserious. Moreoverthistimeeconomic crisis, influencealsosuchbigto the Tomgrandson.汤姆孙从来没想过,米国竟然会爆发经济危机,且这么的严重。而且这次的经济危机,对汤姆孙的影响也如此之大。Thiscrisiswill make the economy of worldcause heavy losses, some economicalthereforesliding of manycountries, the most direct-viewingperformance, was the income of manypeoplewill possibly drop.
这场危机会让全球的经济都受到重创,许多国家的经济可能都会因此有一些下滑,最直观的表现,就是许多人的收入下降了。Since the incomedrops, thenpower of consumptionnaturallyalsodrops, the person who purchasestheirproductwill reduce. Theirfactorymustreduce production, the profitmustdrop.
既然收入下降,那么消费能力自然也就下降,购买他们产品的人就会减少。他们工厂就要就减产,利润就要下降。
The influence, has created the enormousattackto the Tomgrandson. They were also consideringnowthatsellssomeservices, guaranteeingCorporationcango throughthisdifficultysmoothly.
这些连带着的影响,给汤姆孙造成了极大的打击。他们现在也在考虑,是否出售一些业务,保证公司能够顺利度过这个难关。Alsomustsellsomejoint capitalCorporationstocksinferiorly, after discardingtheseburdens, theyshouldbe ableto shoulderthiscold winter. So long as the economic situationrestoresgood, theycangain.
最次也要出售一些合资公司的股份,舍弃掉那些包袱之后,他们应该就能扛过这次寒冬。只要经济形势恢复良好,他们就能重新盈利。Debtmany, theywere not worriedthatbigCompanyhas the debt, isn't this verynormalmatter? So long as the ratio of debt to net worthhas not surpassed the safety line, thatis all right.
负债多一点,他们根本不担心,大企业有负债,这不是很正常的事情吗?只要负债率没超过安全线,那就没事儿。ButChinaand otherjoint capitalCorporation that theyplanto sell the stocks, needto findsomecompetentpeopleto take over, simultaneously was unable to expand the competitor.
而他们打算出售的华夏等合资公司的股份,就需要找一些有实力的人接手,同时还不能壮大竞争对手。ThereforetheyremovedCorporation of European, JapanandSouth Korea, lookedtoownallyWind & Rain Electronics. ThereforeTomSunZhudonghas relatedLiu Chuanzhi, expressed the intention of selljoint capitalCorporationstock.
所以他们排除了欧洲、岛国、南韩的公司,瞄向了自己的盟友风雨电子等。于是汤姆孙主动联系了刘传志,表达出了出售合资公司股份的意向。Liu ChuanzhiinquiredFeng Yu, phrasedthisjoint capitalCorporationstock. Theyhave weighed, theseservicesare good, after the merge, canpromotethemin the share of ChinaevenAsiamarket.刘传志询问冯宇,是否收购这家合资公司的股份。他们衡量过,这些业务还算不错,合并之后,可以提升他们在华夏甚至亚洲市场的份额。Feng Yuhas rejecteddirectly , to promote sharesoundsto be very happy, butthatis a burden. Thatjoint capitalCorporation, but excluding the TomgrandsonCorporationbrand, when included therein, thenthisofferis worthconsidering.冯宇直接拒绝了,提升份额听起来很美好,但是那是一个包袱啊。那合资公司,可并不包括汤姆孙公司的品牌,如果包括的话,那么这个报价才值得考虑一下。
The Tomgrandsonknowsis rejected, the unusualanger, theythreaten, if so, theymayprobablyinvestothercamps!汤姆孙得知被拒绝,非常的愤怒,他们威胁到,如果是这样的话,他们可就要投入其他阵营了!
......( To be continued.)
……(未完待续。)
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