Tony, and All, re: Intel and prop 211
This really steams me. Not what Intel has done, they are taking prudent
action in the face of the possibility of 211 enaction. I am angry about
the promotion of proposition 211, and its possible consequences.
If 211 passes, I am sure that other companies will follow Intel's lead: if
you can be sued for forward-looking statements, the prudent solution is not
to make any.
Effectively what this law will do is take information away from the small
investor with limited information resources. Gives further advantage to
large institutions with more research resources.
I am also really steamed that, because I don't live in California, I have
no say in whether this law passes or not. But because of the way the law
it written, it affects all of my investments. Is this fair?
It seems such a blatant attempt by a narrow special interest group to
snooker people into rolling back federal reforms, passed with broad
bipartisan support, by invoking the infamy of well-known frauds and
con-men.
I sure hope 211 doesn't pass, and I hope all you who live in California see
that it doesn't!
Is there more information available on Intel's position on this issue, or
if they are intending to take further action in opposition?
--joel |
