Chapter 868 – Heitaro Nakajima wants to be listed
The thing which Heitaro Nakajima claims to be an MP3 Player is about the size of a floppy disk, and the thickness is about 2 cm. The only plus point about this thing is its weight.
Feng Yu held it in his hands and it felt it is less than 100 grams. This MP3 player is much lighter than Walkman, CD players and MD players, and the LCD screen is bright and shows the playtime. The user can also arrange the songs to their preference and there is a battery indicator.
Heitaro Nakajima said that the player can play songs for 8 hours with two higher quality AA-size batteries. Feng Yu listened to the sound quality and is quite satisfied with it.
This thing gives Feng Yu the feeling of the oldest version of iPod Touch, except it can’t play videos.
An MP3 player should be something small and portable. This size is too big!
“Heitaro Nakajima, this product is very different from what I imagined.” Feng Yu said helplessly.
Although the exterior design is very different, the basic functions are all according to Feng Yu’s request. Most importantly, this is the world’s first MP3 player. After the patent is approved, it will limit the development progress of other companies.
Feng Yu remembered the world’s first MP3 player is developed by a subsidiary of Samsung. But this company does not have the funds to introduce it into the market, and they shelf this product in the end.
Other Korean and Japanese companies also started to research and develop this product. But it was an American company that made MP3 popular.
After MP3 becomes popular, electronic companies all over the world start to introduce their MP3 players and cause the demises of Walkman, CD players, MD players, etc.!
Heitaro Nakajima had not expected this product which is perfect in his eyes will get criticized by Feng Yu. Very different from what you imagined? What do you have in mind?
Feng Yu looked at Heitaro Nakajima’s puzzled face, and he gestured with his hands. “I said that MP3 players should be small and portable. This prototype is about the size of CD and MD players, and much bigger than a Walkman. How can you call this small and portable? If we are going to compete with others, you must reduce the size by half!”
Reduce the size by half?! It will be the size of a mobile phone. How much do we need to invest in R&D to achieve this?
“What’s wrong? You cannot do it?” Feng Yu frowned and asked.
“We definitely can achieve it, but we will need to invest a large sum into the R&D.” Heitaro Nakajima replied.
“The research on MD players can be stopped. If the MP3 player’s size is reduced by half, how many people will still buy MD? This product will bring in high profits for the company in the future, and the amount invested now is nothing.”
Feng Yu is sure that even if the development funds increased by two times, it is still worth it. This new product will not only bring high profits for AIWA and can also improve AIWA’s status. AIWA will be positioned on a level above Sony and become the leader in portable music players!
Heitaro Nakajima thought for a moment and agreed. He had not thought of this before.
“Ok. I will ask my men to reduce the size of this MP3 player to half.”
“Half of this prototype is not the limit. It will be better if you can reduce it to a quarter.” Feng Yu made another harsh demand.
Heitaro Nakajima was troubled. A quarter? Can it really be done? But this is what the boss wants, and without the boss’s investment in the past, AIWA might not exist now.
Heitaro Nakajima had something in mind but never had the chance to speak to Feng Yu. Today, he wants to discuss it with him.
“Manager Feng, I heard the share prices of Sixth Sense Company shot up after it was listed in the US.”
Feng Yu looked at Heitaro Nakajima. “You also want to get AIWA listed?”
Heitaro Nakajima nodded. “After our MP3 players are launched in the market, our Walkman and CD player production lines will have to be replaced. We also need to continue to develop earphones, speakers, etc. and need to build and expand factories. We need a large sum of money.”
Feng Yu asked curiously. “The company had taken some loans, right?”
Feng Yu had borrowed some of AIWA’s funds from their loans in the past, but he had returned the money with interest. Getting listed might accumulate a large sum rapidly, but at the same time, they must give out dividends.
AIWA is different from the Sixth Sense Company. AIWA specializes in music-related electronic devices and appliances and is different from Kameda Masao, who wants to have his own magazines, TV channel, and still need to produce a wide variety of products.
“The company does not have enough money. We are developing a few products at the same time and are using a lot of funds. We still can operate with our existing funds, but after we are listed, our company’s share prices will increase, and our value will increase.” Heitaro Nakajima said.
Feng Yu finally understood the real reason why Heitaro Nakajima wants to get the company listed. After the share prices increase, Heitaro Nakajima’s wealth will also increase. Is he going to sell his shares?
Never mind. Who cares what he wants to do with the money? Anyway, AIWA must be listed sooner or later. Using money from other people to develop this company is also not a bad idea.
“After the MP3 is developed successfully and launched, we will get AIWA listed. This way, we will make more money. If the company gets listed now, the share prices will not increase much.” Feng Yu reminded Heitaro Nakajima.
“I know. This is what I am thinking too. Once this product is introduced to the market successfully, that will be the best time to get listed. We can also use the funds raised to market our MP3 and get more profits.” Heitaro Nakajima replied happily.
Heitaro Nakajima was also not in a rush to get the company listed. But if the company does not get listed, his wealth will not increase, and it will affect his and his family’s status.
Heitaro Nakajima had no intention of selling the company’s shares. He only wants to increase his status so he can help his family.
A tycoon with 100 million USD assets and someone with 500 million USD assets has speaks differently. This is the same for the Chairman of a company that worth several hundred million and the Chairman of a billion USD company. The status of the Chairmen is different!
“Alright. Remember to give China’s Aiwa Electronics the flash memory technology and get them to assist you all in the research.” These are all Feng Yu’s companies and all their patented technologies are shared.
Feng Yu asked Heitaro Nakajima to provide this technology to Aiwa Electronics is to get Aiwa Electronics to develop another successful product of the future. USB flash drive!
