The New Qualcomm - a S&P500 company Message Board

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Technology Stocks : The New Qualcomm - a S&P500 company

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To: kanford who wrote (666)	8/8/1999 10:22:00 AM
From: Clarksterh	Read Replies (1) of 13582

Ken - Most European competitors do not operate under such restrictions and 'backshesh' is a common business practice is a large part of the world. Just FYI, this has changed in the last year or so. It used to be that the US was one of the only countries where it was illegal for a US citizen to bribe a foreign official even on non-US soil. But in the last year there have been several international agreement signed by many countries, which copy many of the US restrictions on bribery of foreign officials. For instance, the Council of Europe, has an agreement signed by many European countries, including Sweden: coe.fr It's viewed as a method of encouraging democracy and economic liberalization in developing countries. Clark

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