NETAC chairman resigned: Patent licensing model challenged

NETAC Technology chairman of the sudden departure of Deng, let people guess a lot.　　In the end is the company infighting, or it is not optimistic about the company's development prospects, the initiative to choose to resign, and the opportunity to set up, everything is a mystery.　　Special reporter Mei Ling from Shenzhen is located in Shenzhen Nanshan High-tech Zone, China Science and Technology Development Institute incubation building, 6 floor, Shenzhen NETAC Technology Co., Ltd. (300042.SZ), in the first 9 months of this year, experienced a listing, stock prices plummeted, the founder left the ups and downs. January 8, Netac successfully landed gem, raise the amount of 612 million yuan.　　September 10, Netac founder, the father of China U disk Deng abruptly announced his resignation, become the gem company listed less than one year first left the Chairman and general manager. September 20, in Netac company, Times weekly reporter wanted to explore the truth of the matter, but the marketing department Miss Peng told The Times weekly Reporter: "Frank (Deng) 's departure, for the company's operation has no special impact, he has long been not directly involved in the management of the company."　　"Resign or because of internal contradictions established in 1999 Shenzhen Netac Company, is the earliest flash disk electronic product development consumer electronics company." In the first half of this year, the NETAC technology semi-annual report was released less than one months, NETAC founder Deng suddenly announced that "personal reasons" to leave.　　September 13, Netac Another founder, second shareholder Cheng was quickly elected as Netac new director.　　After Deng released the resignation report, NETAC technology shares have broken the trend, from September 13 closing price of 33.41 yuan all the way down to 28.26 yuan. "As the leader of the company, Deng's departure has a big problem, the lack of a core figure, the soul of the enterprise is gone."　　"Flying Elephant net CEO Xiang to time Weekly reporter said.　　"Deng turnover in fact early in the industry expected," a former NETAC in the middle-level leadership, said: Netac has been at least 4 times before the personnel changes, in 2003 there have been several managers of the group of people resigned, and the reason is that Deng do not focus on product development. "Frank is a more overbearing and dictatorial person who makes a decision that will be difficult for others to change," the source said. The company in the future in the direction of development, the interior has actually had a struggle, but eventually Deng won the upper hand.　　"In the interview process, NETAC internal staff of the Deng of the resignation of the very calm, many people said the incident has no impact on staff, the company has not held for the NETAC founder of any send-off ceremony." "Frank and Steven Cheng are the founders of the company, and it doesn't matter who takes the helm, and Frank hasn't been directly in charge of the company's operations for a long time, Netac is our vice president of technology."　　Miss Peng said. "Cheng also pay more attention to technology research and development, if it was his reign, we will not go a group of people, after all, everyone is want to director of the people, this is the NETAC has always been the reason for infighting." "NETAC former employees of the TimesThe weekly newspaper said so. The intriguing thing is, since Deng release resignation news, responsible for media liaison company Dong Secret Wang Aifeng but appear unusually low-key.　　According to Miss Peng said: Wang Aifeng is currently on vacation. "The relationship between Wang Aifeng and Deng has been relatively good, this is the internal knowledge of things, Steven came to power, will certainly wash a part of the people."　　"The unusual phenomenon of choosing vacations when the company is in the spotlight," said Netac, a former middle-class person.　　Patent licensing model Challenges another speculation, NETAC profit model encounter challenges, performance decline, so that Deng resigned under pressure. "Netac really belong to the earliest consumer electronics innovation company, we are NETAC with the entry." But it has long been mired in a debate over the restructuring of the company, which has remained unchanged since Frank's strength.　　NETAC former staff of the Times weekly reporter said. According to the person introduced, Netac the biggest characteristic is slow, the industry generally completes a USB drive to use only 3 weeks time, but Netac to spend 2 months.　　And Netac's operation strategy has not changed much, after leaving Netac a group of manager-level characters resigned, on the basis of the development of new products, the establishment of the company. "Netac has trained early talent for consumer electronics, but it has gradually been abandoned by the consumer electronics industry, which has a very high elimination rate." "Since 1999 design the domestic first U disk, relying on flash disk as the core of the patent operation mode has been its main line."　　According to NETAC data show: 2006-2009, NETAC from the patent licensing income accounted for the main operating income ratio of 3.79%, 9.37%, 16.5% and 12.76% respectively, showing an increasing state. Through research and development-patent application-Patent licensing-the mode of charging royalties, 2006, NETAC Flash disk patent operating business gross profit margin of 100%, 2009 is 99.85%.　　And NETAC other two major business-mobile storage and chip production and sales and gross profit margins are compressed for years, 2009 NETAC Flash product Gross margin of only 18.5%. As the first U disk designer, USB flash drive has become one of its most market appeal business. "This business has long been the industry's ' universal ' technology, but Netac has been a dead bite, a self-inflicted trap."　　"NETAC former employees said. In recent years, Netac repeatedly because of USB flash drive patents and domestic and foreign major electronic enterprises such as China Flag (Patriot), Sony (Wuxi) and the United States storage second PNY lawsuit. In 2004, Netac sued the Chinese flag company in Shenzhen for patent infringement.　　2006, NETAC and the Chinese flag court outside the settlement, the Chinese flag north to Beijing. Unlike the NETAC flagship patent operating model, the Chinese flag not only does the mobile storage business, but also is committed to the development of a variety of new consumer electronics products, and successfully built a patriot brand. "The Chinese flag leaves Shenzhen, is does not want and Netac entwine." Its top companies focus on research and development techniques, slow and slow, and no rush to go public.　　"NETAC former employees said. 2010, NETAC relies on patent licensing to gain benefitsThe road to the benefit of the market encountered bottlenecks.　　April 6, Netac's most market-competitive USB drive trademark was officially identified as the general merchandise trademark, revoked registration, July 7, NETAC and international brand Kingston 4 years of patent contract expires.　　According to NETAC 2010.5 Annual report revealed: 2010 has not been any patent passed. "NETAC relies on the patent authorized profit is Deng the first way, this time his turnover, possibly is the NETAC profit pattern adjustment Prelude, because only relies on the patent authorization to want to continue to develop, is very difficult for the electronics profession."　　"The former employee of the NETAC said to The Times reporter. "From a Deng point of view, as a leader is really a big problem, the electronic field changes very quickly, if you can't keep up with the development of the times, it is very easy to regress."　　Xiang to the Times weekly reporter said. The market capitalisation of up to 440 million Deng issued a resignation statement, he became the current Venture board turnover in the first general manager level figure.　　The upcoming November 2010, the first batch of domestic gem listed 28 companies will usher in the initial lifting of the tide. According to Shenzhen current executive shareholding sales regulations: In order to limit the turnover of senior managers of listed companies, in the 12 months after the declaration of departure of 6 months, the selling shares can not exceed the total amount of 50%.　　And the departure of the 12-month expiration, you can unlock all. If executives do not resign, they will not be able to sell their shares within 12 months of the listing. 12 months after the listing will not be sold every year to more than 25% of its holdings.　　In November, it was the year of the senior executives who left the business board. "Gem listed companies can be said to be an era of the beginning, but also a root cause of all evils, some companies in order to finance the listing, some companies are not short of money, but in order to cash the middle-level staff wage ratio and listed.　　Xiang to the Times weekly reporter said.　　At the end of 2009, Internet technology submitted the worst annual report, operating income and net profit both bottom, and its listing before and after a series of abnormal behavior, let the GEM executive set up an exclusive noun-"net-bed phenomenon."　　In the huge interest-driven, NETAC and network technology, has many of the same experience: before the listing of various data a red, after the listing but the speed "face" a sharp decline, due to the same as the development of the industry is not good, then, the company's main responsible for the sudden departure. NET accommodation technology (300017.SZ) in the first two years of market profit growth of more than 20%. After the listing of the company's performance began to face, the first half of 2010 net profit was only 15 million yuan, down 29.98%, per share income of only 0.1 yuan, compared with the 2009 decline as much as 69.7%. In March this year, Wang Kaitian, general manager of Peng Independent director of the Internet, resigned.　　Peng held the market value of the stock is up to 86 million yuan. With this very similar is NETAC, listed before three years, the annual profit is around 39 million yuan, however, after landing the gem, Netac's performance appeared big face: August 26, NETAC released 2010.5 Annual report: First half, NETAC science and technology income 106 million yuan, year-on-year decline 3.02%, achieve net profit 9.57 million Yuan, year-on-year decline 33.15%.　　Corresponding to the performance, Netac's shares fell below the offering price of 39 yuan, a decline of more than 34.5%. Since then, Deng resigned, and its holdings are worth as much as $440 million. and NETAC before listing, its individual annual salary is only 416,300 yuan.　　This makes Deng have ample reason to choose to be present. In response to market confusion, Netac said: "When the listing Deng and Cheng has pledged 3 years of equity will not have any transfer." But Xiang is skeptical: "Although the equity does not transfer, but their internal operations will not know."　　"Netac said:" After Deng left, will remain in the board as a director of the post. Subsequently, the Times weekly reporter multi-party contact Deng not fruit. "At present, Deng did not want to be interviewed by the media and did not want to make any comments," a media friend familiar with him said. > Related reports: Netac two founder of the 9-month IPO price was halved