During these two days when the NYSE was closed for the weekend.
Two major events occurred in a row that affected the American Telegraph and Telephone Company.
The first is the announcement by the Natural Science Foundation of America of five supercomputing centers in the United States, where any user can connect to these five supercomputing centers through a specific network protocol to share their powerful computing power.
As soon as this news came out, all universities and research institutes in the United States were boiling, and many well-known universities planned to apply for this service with telecommunications operators that provide network connection services, and this news came just right, and many investors who held AT&T shares in their hands were smiling from ear to ear after learning of this news, and they couldn't wait to know what price AT&T's stock price would rise under the impetus of the good news when the market opened next Monday.
But the investors' good mood lasted only until Sunday night, and they were soon devastated by another piece of news.
It was less than twelve hours before the opening of trading on Monday.
Many Wall Street investors have received the latest news from Bloomberg News.
A Communications has filed a lawsuit in the District Court in San Jose, where Cisco's headquarters is located, alleging that Cisco has infringed a total of seven patents of OTA Communications' network solutions, and has requested the court to immediately prohibit all of Cisco's related products from being sold on the market.
Officially announced a temporary ban on the public sale of Cisco's goods on the market in California.
Many people saw this news before they fell asleep, and when the Wall Street fund managers who had eaten AT&T in large quantities during this period saw it, they could no longer sleep.
At nine o'clock on Monday morning, just after the New York Stock Exchange opened, AT&T's stock price immediately turned downward, instantly losing 13 percent of its market value.
Even the stock with Motorola began to fall dramatically.
The sudden lawsuit left the American Telegraph and Telephone Company unprepared, and as a last resort, they applied to the New York Mercantile Exchange for a suspension.
However, the suspension of trading could not avoid the end of AT&T's losses, and investors were unable to sell AT&T's shares when trading was suspended, so they immediately concentrated all their panic on Motorola, and after AT&T announced the suspension of trading at noon, the decline in Motorola's and the company's shares expanded to 14 percent as soon as the market opened in the afternoon.
Many investors who had eaten up Motorola's stock not so long ago suddenly jumped on the trend.
AT&T, together with the head of Motorola, flew to San Jose on a special plane that afternoon, and financial reporters from all walks of life rushed to San Jose to inquire about this intellectual property lawsuit involving 100 billion yuan of investment.
The legal process in the United States is extremely complex and cumbersome, and before the formal trial, the judge will convene the lawyers of both parties to participate in the pre-trial conference to determine the focus of the dispute between the two parties, the jury, the evidence and other specific issues involved in the court trial, and record that the lawyer representing OTA Communications submitted 300,000 pages of evidence to the court at the pre-trial conference.
This document is almost piled up in the judge's office, and it may take a month just to read it, and even the judge can't help but gasp. aThe amount of the newsletter is as high as seven billion dollars.
This is a figure that excites the media that have been waiting outside, and it definitely ranks in the top 10 of the United States in terms of litigation value.
The San Jose District Court's injunction is only valid for a few weeks and is only valid in California, after which the court determines whether the injunction is to be renewed.
This point has long been calculated by the scheming Peterson, so after the first lawsuit was initiated, OTA Communications began to blossom in more states in the United States according to Peterson's strategy, and continued to file lawsuits in court again and again.
While these lawsuits are filed in state district courts, the U.S. is a case law, and if OTA Communications wins one of these lawsuits, Cisco products will not be publicly available in the U.S. market.
Eva can finally take a breath of evil, for all this time, Eva has been bullied by these gang of capitalists on Wall Street, and now it is the turn of these capitalists to get a pain.
A's legal department has not been compressed or even streamlined, and now that these efforts have paid off, OTA Communications' legal department has quietly built a moat for the company that its competitors cannot cross.
Blackstone's partner, Schwartzman, traveled to New York with Eva again after the lawsuit was filed, and Schwartzman has now convinced Eva to bring in new investors in Iridium.
So he plans to use his connections on Wall Street to inquire if there are any powerful investors willing to participate in Eva's Iridium program.
Schwartzman and Eva both came from prestigious schools, but Swartz joined the Skull and Bones Society when he was at Yale, and went on to Harvard Business School after graduation.
His path is much better than Eva, who graduated from medical school.
After a series of communication and discussions, Schwartz first wooed his old club, Lehman Brothers.
Because AT&T has been suspended, and the cost of AT&T's Motorola stock is too high, and AT&T's acquisition of Motorola comes from high-interest financing on Wall Street, if it continues to fall like this, AT&T's position will be blown up.
However, for the remaining shareholders who have held Motorola for many years, Motorola's good foundation no longer exists, and they still make a steady profit while the stock price has not fallen back to before liberation, so they do not want to suspend trading.
The split in Motorola's board of directors gave Schwarzman a reason to convince Lehman Brothers to take advantage of the situation.
A communication side.
A communication will be funded by Lehman Brothers, one of the five largest investment banks.
But that's just the beginning, as Bill Gross, the head of investment at Bank of Columbia, has taken on a new task of shorting Motorola's stock, which will only make AT&T's life harder. t1706231537: