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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?


To: BDR who wrote (34091)10/31/2000 9:33:13 PM
From: BDR  Respond to of 54805
 
I ran across this article between trips to the front door to meet the local ghouls and goblins. Where do politicians go trick or treating? In Silicon Valley.

I am sorry that the game is played but, if it has to be played, I am glad to see my CEOs playing it.

www0.mercurycenter.com
High-tech players join political
big-donor lists

BY ANN E. MARIMOW AND MARY ANNE OSTROM
Mercury News

When Illinois Rep. Phil Crane went looking for cash for Republican
congressional candidates, he tapped an old connection in Silicon
Valley and took home a $500,000 check.

Monday night he was back at that same high-tech executive's
house looking for more.

Crane's valley connection to Tom Siebel, the deep-pockets CEO of Siebel Systems, underscores
the new, eye-popping contributions coming out of Silicon Valley -- even if the money helps
candidates 2,000 miles away.
.........

It's obvious why federal candidates are heading here to milk the Silicon Valley boom, but what do
high-tech execs want in return?

118 reasons to pony up

Ask venture capitalist Floyd Kvamme, one of at least 13 Bay Area execs who has contributed
more than $100,000 this election cycle, and he'll give you 118 reasons.

``Right now there are 118 bills in Congress to regulate the Internet,'' Kvamme said. ``It's coming,
and if we're not involved we're in trouble. We're all in growth companies, and regulation stops
growth.''
.........

Eight days before the election, Siebel wasn't alone raising more high-tech cash for Republicans.
Cisco Systems CEO John Chambers played host to a fundraiser at the Stanford Park Hotel for GOP
candidate Jim Cunneen's bid for the 15th District House seat against Democrat Mike Honda.

P.S.- I am not trying to start a political discussion, but it is a slow night for posts on the thread and the chocolate is beginning to kick in.