Money was not a solution, though. Even if they were well-endowed with funds, the company would still be plagued by problems they did not know how to manage.
Over the past year, John and Ashton had realized OrbitTech’s advantages. As experts in management, the first thing they thought of was not to invest but to acquire it directly.
After spending half an hour speaking, I returned to my seat. One of OrbitTech’s shareholders asked confusedly, “Ms. Stovall, have you worked in Fuller Corporation previously?”
I was stunned because I had never interacted with the people of OrbitTech, nor have I appeared on the newspaper headlines. Staring at the person, I replied in surprise, “Yeah, I was the Project Director at Fuller Corporation previously.”
The people at the meeting table exchanged glances with one another. After a short pause, Richard looked at me and said, “Ms. Stovall, I’m sure that you know this even better than us, but Ashton, the president of Fuller Corporation, has plans to acquire OrbitTech too. We initially planned to accept his proposal. However, for some reason, the Fuller Corporation suddenly gave up on acquiring OrbitTech. We would like to know if you had a role to play in this.”
Smiling, he continued, “Although the White Corporation would be acquiring OrbitTech, we all know that you value our people and technicians the most. Hence, I wish that we can be honest with each other.”
Richard was very straightforward. Hence, I laughed and admitted, “Mr. Fuller is my husband. As for why he suddenly gave up on acquiring OrbitTech, it’s true that I played a role in it.”
When I said that, everyone starting whispering to each other. Richard asked calmly, “In that case, why did you stop Fuller Corporation from acquiring OrbitTech? In comparison, there’s more potential for our development if Fuller Corporation acquired us instead.”
I nodded. “That’s true!” After a slight pause, I continued, “But has everyone forgotten that Fuller Corporation also owns HiTech? Both HiTech and OrbitTech are technology companies. Upon closer analysis, you’d realize that Fuller Corporation doesn’t actually want OrbitTech that badly. They’re only after a certain technology owned by OrbitTech, but these aren’t that hard to find in the market either. As a result, acquiring OrbitTech would not reap a lot of profits for Fuller Corporation. This is the reason why Ashton has been delaying the acquisition of OrbitTech for the past half a year.”
Glancing at Richard, I persuaded, “Mr. Blackwood, you should know this better than us. No corporation will acquire another technology company when the potential of their current one has not been maximized. Most of Fuller Corporation’s revenue comes from real estate development, and their only technology company is HiTech.”
Richard nodded. Pursing his lips and deliberating about it, he said hesitatingly, “We don’t really know about what’s going on in Fuller Corporation. If we just take the current situation into consideration, the conditions they offered are quite attractive. However, we can’t guarantee that OrbitTech will become better under the control of Fuller Corporation.”
Raising his eyebrows, Marcus stood up and declared, “The White Corporation’s businesses revolve around technology. Although we have jewelry and other businesses under our wing, our forte still lies in technology. The largest reason why we decided to acquire OrbitTech is because of your research in AI technology. Naturally, we have some conditions that need to be met for acquiring OrbiTech. If OrbitTech doesn’t develop a new AI technology in the coming year, we will regard it as any other technology company. All of White Corporation’s funds and manpower will be withdrawn and reinvested in other areas.”
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