„Naturally, your this did not slander simply, according to the repertoire of Hong Kong Island movie, I must sue your,” Eric played a joke, at will shifted the topic, said: „You, this year's should Victoria’s Secret Fashion Show start to arrange?” “当然不,你这简直是诽谤,按照港岛电影的套路,我可是要起诉你的,”艾瑞克开了句玩笑,就随意转移了话题,道:“你这边,今年的维密大秀应该已经开始筹备了吧？” „Un, started to choose subject,” Emily has not pestered the matter, said: „We just arrived at Europe the Victoria’s Secret exclusive agency in the first half of the year, this year's big show plans to place London.” “嗯,已经开始挑选主题了,”艾米丽也没有纠缠刚才的事情,道:“我们上半年刚刚将维密专卖店开到欧洲,今年的大秀打算放在伦敦。” Eric has little paid attention to the specific operation of Victoria’s Secret Fashion Show, hears word has hugged hugging toward own side Gisele, said: „Remembers to a Gisele beginning on the line.” 艾瑞克已经很少理会维密大秀的具体运作,闻言只是将吉赛尔朝自己身边搂了搂,道:“记得给吉赛尔一个开场就行。” The Emily nod said: „Naturally, wing . Moreover, this year except for Cindy they, but only then Gisele can attain the subject beginning.” 艾米丽点头道:“当然,还有翅膀呢,而且,今年除了辛迪她们,可只有吉赛尔能够拿到主题开场。” Although Emily is very good with the relations of Joanna and Virginia, but also brings to work as the assistant Joanna younger sister Eva in the side. However, regarding the Eric unfaithful act, Emily also became accustomed. Why bother to feel embarrassed the thoughts of woman stemming from some women, she because of the Joanna two female relations, had not had any prejudice to Cindy, Gisele and the others, but meets routinely ridicules Eric several. 艾米丽虽然和乔安娜、维吉尼娅的关系很好,还将乔安娜的妹妹爱娃带在身边当助理。不过,对于艾瑞克花心行径,艾米丽也已经习以为常。出于一些女人何苦为难女人的心思,她也没有因为和乔安娜两女的关系,就对辛迪、吉赛尔等人有什么偏见,只是会习惯性地揶揄艾瑞克几句。 This year is the Victoria’s Secret Fashion Show fifth year, initially Cindy Crawford and Linda Evangelista and Christine Turlington and Diane Kruger and Tyra Banks these five people with the representing contract deadline that Victoria’s Secret signs are five years. 今年已经是维密大秀的第五年,当初辛迪・克劳馥、琳达・伊万戈琳斯塔、克里斯汀・杜灵顿、黛安・克鲁格和泰拉・班克斯这五人和维密签署的代言合约期限就是五年。 Passed this year, Cindy and Linda will withdraw from the Victoria’s Secret spokesman ranks, handles the television program in hand with single-hearted devotion, Christine Turlington has married, similarly will choose to withdraw is the housewife. Five people of group Diane originally Kruger and Tyra Banks they remain. 过了今年,辛迪和琳达都将退出维密代言人行列,专心打理手中的电视节目,克里斯汀・杜灵顿已经结婚,同样会选择退出做家庭主妇。原本的五人组只有黛安・克鲁格和泰拉・班克斯两人留下来。 Gisele purely participates in Victoria’s Secret Catwalk this year, next year officially will sign to represent the contract with Victoria’s Secret. 吉赛尔今年只是单纯地参与维密走秀,明年才会正式与维密签署代言合约。 Was chatting, tonight this party host John Mark walked once more, has greeted, John Mark said to Eric: „Can Eric, chat alone?” 正聊着,今晚这场派对的东道主约翰・马克再次走了过来,打过招呼,约翰・马克对艾瑞克道:“艾瑞克,可以单独聊聊吗？” Some Eric doubts, have not actually rejected, said: „Naturally.” 艾瑞克有些疑惑,却没有拒绝,道:“当然。” John hand signal that Mark has made invitation, they go through the crowd of hall together, the revolving staircase along compound lattice apartment comes to two building reception rooms. 约翰・马克做了个请的手势,两人一起穿过大厅的人群,沿着复式结构公寓的旋转楼梯来到二楼一间会客室。 Hints Eric casually to sit down on the sofa, John Mark arrives at by the wall wine chest, took out one bottle of liquor from the cabinet but actually two cups, took two ice pieces to put from the small refrigerator, carried the cup to walk, gave Eric one cup, said: „Tastes johnn Internet Explorer -walker that I collect, although the whisky is not a year longer flavor is better, but this bottle of 50 years of johnn Internet Explorer -walker, the world may few bottles.” 示意艾瑞克随便在沙发上坐下,约翰・马克走到墙边的酒柜旁,从柜子里取出一瓶酒倒了两杯,又从小冰柜里取了两颗冰块放进去,端着杯子走过来,递给艾瑞克一杯,道:“尝尝我收藏的johnnie-walker,虽然威士忌并不是年份越长味道越好,但这瓶50年的johnnie-walker,全世界可都没有几瓶了。” Eric carried the cup just to deliver to the mouth, smelled a strong wine, but also was having some scotch whisky unique peat tastes, sips a small mouth, the nod said gently: „Is very good, but, I do not understand these.” 艾瑞克端起杯子刚刚送到嘴边,就闻到了一股浓烈的酒香,还带着一些苏格兰威士忌特有的泥煤味,轻轻抿了一小口,点头道:“很棒,不过,我不是太懂这些。” John Mark sits on the Eric opposite single-seat sofa, on the face is having the temperate smile, said: „It seems like you do not drink frequently, but, this is good to be familiar with actually.” 约翰・马克坐在艾瑞克对面的单人沙发上,脸上带着温和的微笑,道:“看来你不经常喝酒,不过,这其实是好习惯。” „I like maintain the sober condition,” Eric was saying, shook the drinking glass in hand gently, looks to John Mark, waited for that the opposite party proposed own intention. “我只是更喜欢保持清醒状态,”艾瑞克说着,轻轻晃了晃手中的玻璃杯,看向约翰・马克,等待对方主动提出自己的意图。 John Mark sipped whisky in several cup lightly, then said: „Eric, you have thought speeds up the Yahoo IPO advancement?” 约翰・马克轻啜了几口杯中的威士忌,然后才道:“艾瑞克,你想过加快雅虎的ipo进程吗？” „This matter, is Chris is usually responsible.” “这种事,通常都是克里斯负责的。” Eric should say calmly that simultaneously considers John at heart Mark mentioned the intention of this matter suddenly. Chris has not mentioned this matter with him, wants to come, now should be John perhaps the foray of Mark, to more specialized Chris, the opposite party thought one is a quite easy breakthrough point. 艾瑞克不动声色地应道,同时心里斟酌起约翰・马克突然提起这件事的意图。克里斯没有和他提过这件事,想来,现在应该是约翰・马克的突然袭击,相对于更加专业的克里斯,对方或许觉得自己是一个比较容易的突破点。 Thinks that just Chris said that the former Moroccan root system management after Morgan Stanley and Dean Vetter merge matter that in the new corporate power struggle is defeated, perhaps, John Mark and the others are wants to rely on the achievement highlight that Yahoo IPO brings to turn the tide in favor as soon as possible. 想到刚刚克里斯说的,原摩根系高管在摩根士丹利与迪安维特合并后的新公司权力斗争中失败的事情,或许,约翰・马克等人是想要尽快凭借雅虎ipo带来的业绩亮点挽回颓势。 The Yahoo IPO strategy has been adjusting, at first, Eric is hopes Yahoo can maintains the suitable top digit at the end of this year or the beginning of next year this NASDAQ index the time, the disposable release is equal to the total capital stock about 30% stocks, this can obtain one time supports Yahoo sufficiently in the future five to ten years of development funds. 雅虎的ipo策略一直在进行调整,最初,艾瑞克是希望雅虎能够在今年年底或者明年年初这段纳斯达克指数维持相当高位的时间,一次性发行相当于总股本30%左右的股票,这样就可以一次性获得足以支撑雅虎未来五到十年的发展资金。 However, along with deepening of enterprise IPO relevant information understanding, Eric also realized that this is not realistic. 不过,随着对企业ipo相关信息了解的加深,艾瑞克也意识到这根本不现实。 Yahoo has achieved 15 billion USD at the beginning of this year estimate value, according to half year the average increase scope of hi-tech stock, the Yahoo present estimate value should grow to 25 billion USD about, so long as the NASDAQ index does not crash ahead of time, at the end of the year the estimate value may even approach 50 billion USD. 雅虎在今年年初的估值就已经达到150亿美元,按照这半年来科技股的平均涨幅,雅虎现在的估值应该增长到250亿美元左右,只要纳斯达克指数不提前崩盘,年底估值甚至可能会接近500亿美元。 Therefore, Yahoo when the time comes one time issues 30% stocks, the financing scale theoretically will achieve 15 billion USD. Before this figure broke through 1998, in the US stock market history all enterprise IPO scale records, before then, the United States stock market biggest IPO object, the Deutsche Telekom, in 1996 goes on the market finances 13 billion USD. 因此,雅虎到时候一次性发行30%的股票,理论上的融资规模将达到150亿美元。这个数字已经突破了1998年之前美股历史上所有企业ipo的规模记录,在此之前,美国股市最大的ipo对象,德国电信,在1996年上市时也才融资130亿美元。 Deutsche Telekom in the status and United States of Germany AT&T quite, the net assets scale or the year turnover is not present Yahoo can compare. Eric is full of absolute confidence with the Yahoo future, but does not mean that all people are so, the capital bubble that the new technical tide brings attached great importance to by the increasing number of people. 德国电信在德国的地位与美国的at-t相当,无论是净资产规模还是年营业额都不是现在的雅虎能够比拟的。艾瑞克对雅虎的未来充满着绝对的信心,但并不意味着所有人都是如此,新科技浪潮带起的资本泡沫已经被越来越多的人重视。 Although the Yahoo achievement growth recent is rapid, but last year whole year's earning also more than 600 million USD, this year's annual turnover, even if can break through 1 billion USD, in fact absolutely is also not enough to support 50 billion USD market values. 雅虎最近几年的业绩增长虽然非常迅速,但去年全年的营收也才600000000多美元,今年的全年营业额即使能够突破10亿美元,实际上也绝对不足以支撑500亿美元的市值。 The NASDAQ index is high is the facts that everyone knows, the appetite that if in the IPO process, Yahoo displays is too big, in addition the investor to the fear that the stock market bubble burst, finally only will create the failure of Yahoo IPO. 纳斯达克指数偏高已经是众所周知的事实,如果ipo过程中,雅虎表现出的胃口太大,再加上投资人对股市泡沫破裂的恐惧,最终只会造成雅虎ipo的失败。 Therefore, this Yahoo IPO, Eric only plans to distribute 10% to about 15% stocks, his estimate value to the Yahoo has not had the too high anticipation, according when the time comes wholesale price, so long as the Yahoo estimate value surpasses 30 billion USD. 因此,这次雅虎的ipo,艾瑞克只打算发行10%到15%左右的股票,他对雅虎的估值也没有抱太高的期待,按照到时候的发行价,只要雅虎的估值超过300亿美元就可以。 Thus, Yahoo can collect 3 billion to 5 billion USD funds as before one time, supports Yahoo sufficiently in the future three to five years of expansion, after passing the stock market bubble burst , the Internet enterprise development smoothly ‚cold winter time’. 这样,雅虎依旧能够一次性筹集30亿到50亿美元的资金,足以支撑雅虎未来三到五年的扩张,顺利度过股市泡沫破裂后互联网企业发展的‘寒冬期’。 3 billion to 5 billion USD financing scales, even if unable to compare with the two years ago Deutsche Telekom, but also absolutely is IPO of recent unusual great writer, once succeeds, is responsible for selling on consignment the release Morgan Stanley not only can obtain the rich commission, but can also further promote oneself in the Wall Street influence, attraction many recent years has the enterprise in online city to cooperate with it. 30亿到50亿美元的融资规模,即使无法与两年前的德国电信相比,但也绝对是最近几年一次非常大手笔的ipo,一旦成功,负责承销发行的摩根士丹利不但能够获得丰厚的佣金,还能进一步提升自身在华尔街的影响力,吸引更多最近几年有网上市的企业与之合作。 But the former Moroccan root system team of operation Yahoo IPO listing, naturally can also win many rights to speak in the new company in turn. 而操作雅虎ipo上市的原摩根系团队,自然也能依次在新公司中获得更多的话语权。 Hears Eric to mention Chris, John Mark said: „Eric, you are the owner of Firefly investment, therefore, I thought that this matter is more suitable to discuss with you first.” 听到艾瑞克提起克里斯,约翰・马克道:“艾瑞克,你才是萤火虫投资的拥有者,所以,我觉得这件事还是更适合先和你商量一下。” John some inciting that in the Mark words hides make Eric somewhat disgruntled, but he smiles, said: „I always like the specialized matter giving the specialized person to do, this is also the reason that Firefly can develop the present scale.” 约翰・马克话语中潜藏的一些挑唆让艾瑞克有些不悦,但他只是笑笑,道:“我一向喜欢将专业的事情交给专业的人去做,这也是萤火虫能够发展到现在规模的原因。” John Mark mentioned Eric intentionally is the Firefly investment ‚owner’, was wants to shoulder his control desire, therefore made to conform to the decision of oneself intention. 约翰・马克故意提起艾瑞克才是萤火虫投资的‘拥有者’,就是想要挑起他的控制欲,并因此做出符合自己意图的决定。 Saw with own eyes that this move is useless to Eric, John Mark immediately has replaced the mentality, said: „Is this, Eric, the Wall Street many investment institutions think that now NASDAQ had serious bubble ingredient, takes AOL, when this company 1995 listings, the estimate value is 5 billion USD, but until now, is only a short two -and-a-half years of time, its market value over 40 billion USD, the increase scope has achieved 800%. Microsoft, compared in 1995, the Microsoft market value also turned more than six times. Other such as Cisco, Oracle, Intel and other science companies, the stock price increase scope also achieved one to make people feel the exaggerating the degree. Therefore, for the recent several months, should be the Yahoo listing finally is also the best opportunity. Our preparatory work were full, so long as starts, in September, can successfully complete the IPO plan. If waits till the end of the year in plan or at the beginning of next year, even if the NASDAQ bubble has not burst, major investment institutions also to buying up hi-tech stock performance unusual is discrete, this to Yahoo IPO is very disadvantageous.” 眼见这一招对艾瑞克没用,约翰・马克就立刻更换了思路,道:“是这样的,艾瑞克,现在华尔街很多投资机构都认为纳指已经存在非常严重的泡沫成分,就拿美国在线来说,这家公司1995上市时,估值为50亿美元,但到现在为止,只是短短两年半时间,它的市值就已经超过400亿美元,涨幅达到800%。还有微软,相比1995年,微软的市值也翻了六倍多。其他诸如思科、甲骨文、英特尔等科技公司,股价涨幅也达到了一个让人感觉夸张的程度。所以,最近几个月,应该是雅虎上市的最后也是最好时机。我们的准备工作已经非常充分,只要启动,九月份之前就能顺利完成ipo计划。如果等到计划中的年底或者明年初,即使纳指泡沫没有破裂,各大投资机构也会对买入科技股表现的非常谨慎,这对雅虎的ipo是非常不利的。” John Mark these words are undoubtedly persuasive, if not trend of Eric NASDAQ index to the cognition that has to exceed the average man, stemming from the discretion in order, he thought that one will possibly agree with the viewpoint of opposite party. 约翰・马克的这段话无疑还是非常具有说服力的,如果不是艾瑞克对纳斯达克指数的走势有着超越常人的认知,出于谨慎起见,他觉得自己很可能会同意对方的观点。 However, the patience listens to John Mark said that Eric shakes the head, says with a smile: „John, I understand your thoughts, but, I have my plan. The Yahoo current estimate value has not achieved the perfect condition in my heart, the plan that therefore, goes on the market at the end of the year will not change. Moreover, although I hope very much Yahoo can implement IPO successfully, but in fact, I am not afraid Yahoo IPO to be defeated. Even if Yahoo cannot go on the market successfully, the Firefly system can also provide enough development funds for this company.” 不过,耐心听约翰・马克说完,艾瑞克只是摇摇头,笑道:“约翰,我明白你的心思,不过,我也有我自己的规划。雅虎目前的估值还没有达到我心中的理想状态,所以,年底上市的计划是不会改变的。而且,虽然我很希望雅虎能够成功实行ipo,但实际上,我也不害怕雅虎的ipo会失败。即使雅虎不能成功上市,萤火虫体系也可以为这家公司提供足够的发展资金。” John the Mark thoughts, he does not know Eric said ‚I understand your thoughts’, refers to itself wanting by Yahoo IPO to strive in the initiative of company, in the surface displays is Yahoo IPO worry whether can succeed. 约翰・马克心思顿了下,他不知道艾瑞克说的‘我明白你的心思’,是指自己想要凭借雅虎ipo争取在公司的主动权,还是表面上表现出的为雅虎ipo是否能够成功的担忧。 However, John on the Mark face slightly has not actually displayed any difference, said: „Eric, then, Microsoft that 30% stockholder's rights subscriber jurisdictions, once the Yahoo IPO failure, in the non- listing condition, carries out the equity transaction with Microsoft, Yahoo will suffer a loss. Like the present, the Microsoft market value is almost ten times of Yahoo estimate value, Microsoft only uses 3% stocks, can receive in exchange for the Yahoo 30% stocks, I think that you definitely are not willing to see this situation occurrence. I believe that if Yahoo is at the listing condition, the market value at least can also reach the AOL level.” 不过,约翰・马克脸上却丝毫没有表现出任何异样,道:“艾瑞克,那么,微软那30%的股权认购权限呢,一旦雅虎ipo失败,在非上市状态下,与微软进行股权交易,雅虎可是会非常吃亏的。就像现在,微软的市值几乎是雅虎估值的十倍,微软只用3%的股票,就能够换取雅虎30%的股份,我想你肯定不愿意看到这种情况发生吧。我认为,如果雅虎处于上市状态,市值至少也能够达到美国在线的水平。” The Eric expression is still relaxed, said: „John, Microsoft can exercise the stockholder's rights subscriber jurisdiction the time is in July of next year. According to your meaning, if the NASDAQ bubble burst, Yahoo is unable at the end of the year smooth IPO, but same, Microsoft absolutely is when the time comes impossible again maintains now such high stock price. Moreover, even if Microsoft and Yahoo trade now, although I will think very depressed, but sells out the Microsoft payment 3% stocks, Yahoo can receive six seven 1 billion USD funds, in the meantime, the Firefly investment is still retaining to the absolute holding of Yahoo.” 艾瑞克表情依然轻松,道:“约翰,微软可以行使股权认购权限的时间是明年7月。按照你的意思,如果年底纳指泡沫破裂,雅虎无法顺利ipo,但同样,微软到时候也就绝对不可能再保持现在这么高的股价。而且,哪怕微软和雅虎现在进行交易,我虽然会觉得非常郁闷,但卖掉微软支付的3%股票,雅虎还是能够获得六七十亿美元的资金,同时,萤火虫投资依然保留着对雅虎的绝对控股。” When Eric reaches the transaction tentative plan with the front door schoolmate at first is, when both sides implement the stockholder's rights subscriber agreement, even if the Microsoft market value can reach the peak 600 billion USD, if the Yahoo smooth listing, the market value should also be able to approach 200 billion. 艾瑞克最初与大门同学达成交易时的设想是,双方履行股权认购协议时,即使微软的市值能够达到巅峰的6000亿美元,如果雅虎顺利上市,市值也应该能够接近2000亿。 When the time comes, Yahoo 30% stockholder's rights values achieve 60 billion USD, Microsoft cannot take this huge amount of cash absolutely. If the opposite party also wants Yahoo that 30% stockholder's rights, can only adopt the splitoff the way to purchase, but splitoffs, Microsoft also needs to pay about 10% stockholder's rights, such Firefly investment possibly directly became to the Microsoft pivotal major stockholder. In this case, Microsoft automatically will possibly give up this subscriber jurisdiction. 到时候,雅虎30%的股权价值达到600亿美元,微软是绝对拿不出来这笔巨额现金的。对方如果还想要雅虎那30%的股权,就只能采取换股的方式进行收购,但换股的话,微软也需要支付10%左右的股权,这样萤火虫投资就可能直接成为对微软举足轻重的大股东了。这种情况下,微软很可能会自动放弃这笔认购权限。 However, if John the situation of Mark description occurred, so long as can even if sells the Microsoft stock, the Firefly investment will not lose anything actually, the only regret cannot become the Microsoft major stockholder. 但是,如果约翰・马克描述的情况真的发生,只要能够即使出售微软股票,萤火虫投资其实也并不会损失什么,唯一的遗憾就是不能成为微软的大股东。 Because with Chris Hansson contacts frequently, John Mark also knows that he has very clear mentality to Yahoo IPO, wish makes the opposite party change the decision to be difficult, therefore hopes that tonight can seek for the breakthrough point from Eric here. 由于和克里斯・汉森接触频繁,约翰・马克也知道他对雅虎ipo有着非常清晰的思路,想要让对方改变决定非常困难,因此今晚才希望能够从艾瑞克这里寻找突破点。 However, saw with own eyes that the Eric manner is firmer, John Mark also quickly gave up idea at heart. 不过,眼见艾瑞克的态度更加坚定,约翰・马克也很快放弃了心里的想法。 He invites the Eric book to save and opposite party tonight hits the relations the thought that naturally cannot get into a deadlock the scene. 他今晚邀请艾瑞克本就是存着和对方打好关系的念头,自然不会将场面搞僵。 Gives up lobbying the Eric thought that John Mark then on own initiative changed the topic, they also chatted a while, together leaves the reception room. 放弃游说艾瑞克的念头,约翰・马克便主动改变了话题,两人又聊了一会儿,就一起离开会客室。 Eric not with John Mark returns to downstairs hall together, under the opposite party direction, went to a corridor end washroom. Side comes out once more, sees in the staircase in rooftop to block of flats, thinks that Eric then walked, plans to ventilate, with John Mark such smart person is together, spends the mind very much. 艾瑞克并没有和约翰・马克一起回到楼下大厅,在对方指引下,去了一趟走廊尽头的盥洗室。再次出来,看到旁边通往公寓楼上天台的楼梯,想了想,艾瑞克便走了上去,打算透透风,和约翰・马克这样的聪明人相处,还是很费心神的。 Shoved open the rooftop unlatched iron gate, Eric just walked, saw that by the rooftop northwest corner railing was standing a slender form, seemed sizing up in the western dim light of night dark Central Park. 推开天台虚掩的铁门,艾瑞克刚刚走出来,就看到天台西北角围栏旁站着一个窈窕的身影,似乎正在打量西边夜色中幽暗的中央公园。 Hears behind broadcasts the sound, that form has also turned around, is actually Stephanie Seymour. 听到身后传来声音,那身影也转过身,却是史蒂芬妮・西摩。 Stephanie the Seymour expression somewhat is obviously accidental, in the expression brings to tease, said: „Eric, you are not specially with?” 史蒂芬妮・西摩表情明显有些意外,语气里带着些调侃,道:“艾瑞克,你不会是特意跟过来的吧？” What although uses is the interrogative sentence, but slightly appears the smiling face of intent from this female face, the opposite party seemed assured this fact. 虽然用的是疑问句,但从这女人脸上略显得意的笑容来看,对方似乎是笃定了这个事实。 „I said that is not you definitely does not believe that” Eric shrugs indifferently, arrives at Stephanie by Seymour, lies looks at the lights stream of vehicles of next door not far away Fifth Avenue in the railing, as well as farther Central Park, said at will: „What is looking at?” “我说不是你肯定也不会相信啊,”艾瑞克无所谓地耸耸肩,走到史蒂芬妮・西摩旁边,趴在围栏上望了望隔壁不远处第五大道的灯火车流,以及更远一些的中央公园,随意道:“在看什么？” Stephanie Seymour shakes the head, both hands in the railing, said at will: „Not anything, but ventilates, below was too stuffy.” 史蒂芬妮・西摩摇头,双手支在围栏上,随意道:“没什么啊,只是透透风,下面太闷了。”