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Technology Stocks : WDC/Sandisk Corporation
WDC 221.57-0.2%Jan 16 3:59 PM EST
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To: Art Bechhoefer who wrote (24087)12/6/2003 7:30:37 AM
From: limtex  Read Replies (1) of 60323
 
AB - That mess in Taiwan is interesting.

1. It has to be the biggest theft in the history of the World. If not then it is way up there.

2. How could someine sell all that stock without anyone knowing about it. Would the company have to be informed, wouldn't the stock exchange in Taiwan know or have to register anything?

3. What on earth was that amount of easily saleable paper doing in the hands of a law firm seven thousand miles away?

4. What did the US legal advisors or auditors say about the security of their clients assets or the assets they were auditing. What was the advice. $127m in a few bits of easily moveable paper is a material risk.

5. Whose idea was it to keep that amount of uncontrolled easily sold liquidity in Taiwan?

6. What do the Taiwanese authoirites say about this? If they say caveat emptor and you should have know that this assets were in an unsafe place then what about the US lawyers and accoutants, didn't they know? Who advised on the deal and who charged fees?

7. What does the US Gov/trade organisations have to say? Should we be doing business with Taiwan still. Maybe we should ahve listened to the Chinese Government all along and let them have Taiwan back.

8. How excatly does one hide the sale of the proceeds of $127m. Its not exactly chopped liver here. This is serious money and must be in someones bank account. Whose and where? You can't just lose $127m in cash.

Best,

L
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