I am Hollywood

Chapter 868: Chapter 869: No Touching Models for Leo

Chapter 868: Chapter 869: No Touching Models for LeoChapter 867: Chapter 868: Be Careful of Being DrainedChapter 866: Chapter 867: Unstable FactorsChapter 865: Chapter 866: Not a Cent Less[Chapter 866: Not a Cent Less]

The lawsuit filed by Sony Music, BMG, and Polygram against Fireflyer for facilitating music piracy was dismissed by a federal court in San Francisco. This ruling indicated that the electronic product now had an official legal market position, and it would face little to no risk of similar lawsuits in the future. With the unstoppable growth momentum of the Fireflyer player, traditional portable music player manufacturers were destined to face strong, even devastating impacts.

Stimulated by this news, as soon as the New York Stock Exchange opened that morning, the stock prices of traditional portable music player manufacturers, led by Sony, showed significant declines. By 9 a.m. Pacific Time, when the federal court in San Francisco held a press conference to announce the news, Sony's stock had already dropped 2.7%. In just a few hours, nearly $1.5 billion in market value vanished. Coincidentally, the authoritative financial newspaper, The Wall Street Journal, estimated that Firefly Electronics was worth about that same figure of $1.5 billion.

Although Firefly Electronics was not a publicly traded company, the news had indirectly manifested on the stock market. The company that had first developed the one-inch micro hard drive was Seagate Technology.

The original development agreement stipulated that Firefly Electronics would have exclusive rights for three years after the company launched its first product associated with the micro hard drive. In return, Firefly Electronics was required to prioritize purchasing micro drives from Seagate Technology.

As the largest mechanical hard drive manufacturer in the previous timeline, Seagate's strength at that time was far from comparable to traditional tech giants like IBM, Hitachi, and Toshiba. Last year, Seagate's shipment of mechanical hard drives only reached 5 million units, barely accounting for less than 10% of the total mechanical hard drive market share. While the re

The leaders of various companies under the Firefly umbrella, including Firefly Group, Nokia, Cisco, Qualcomm, America Online, Firefly Electronics, and Amazon, had gathered in Maryland. Jorma Ollila even flew in from Northern Europe. With such a large gathering, they wouldn't just be there to eat and drink before leaving.

Eric had already planned out the next few days, as everyone would stay at the farm for at least

three more days to discuss the development of the various Firefly companies and collaborative issues.

Not fully grasping why Clinton asked that, Eric nodded; after all, that wasn't a secret.

Seeing Eric nod, Clinton continued, "Well, I'm planning to host a high-tech entrepreneur dinner at the White House soon. I'm curious if you'd be interested?"

Though he couldn't be re-elected, the Clintons clearly had not given up on their political ambitions, which Eric remembered well. The companies under Firefly Investments gathered many of the most talked-about internet tech firms in recent years; attracting them could significantly bolster their future political aspirations.

Eric found the question a bit ironic; if we weren't interested, would the dinner even happen?

However, he certainly wouldn't engage in stirring up pointless tension with the President, so

he quickly nodded and smiled, "Of course, Bill. I'll mention it to them, but we'll probably be in Maryland for three days."

"Oh, perfect timing," Clinton said, a hint of delight on his face, "By the way, you'll come to

that, right?"

Eric hesitated a bit; he wasn't exactly a fan of the Clintons. He replied ambiguously, "Maybe. I have a lot on my plate lately and might not be able to squeeze it in."

Clinton seemed unfazed. He patted Eric on the shoulder and said, "I hope you'll be able to

make it."

*****

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