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Technology Stocks : Intel Corporation (INTC)

INTC 50.59

+4.9%

Feb 6 9:30 AM EST

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To: exhon2004 who wrote (4452)	10/21/1996 10:13:00 PM
From: jackrabbit	of 186894

Greg -- Prop 211 purports to be applicable to companies with a California "presence". When someone asked if the law would be constitutional, I replied that it would probably be found to be a violation of the interstate commerce clause of the constitution, and based on supreme court precedent, would only be applicable to companies incorporated in California. BUT this may not be the conclusion of the courts, and even if it is, it could take years to happen. This is really trivia. The main thing to remember is that parasite plaintiff lawyers are making emotional appeals to try to enact legislation to allow them to extort more millions out of, for the most part, honest corporate citizens. This will be bad for companies, investors, consumers and employees. If Prop 211 never passes, we don't need to worry about whether it would have been unconstitutional. Regards, John

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