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To: milo_morai who wrote (44323)6/14/2001 11:29:43 AM
From: Win SmithRespond to of 275872
 
An amusing semi-political, semi-business aside off the ap wire:

Bush Aide With Intel Stock Met With Executives Pushing Merger nytimes.com

President Bush's top adviser, Karl
Rove, who owned more than $100,000 of
stock in Intel Corporation, met in March
with the company's chief executive and two
lobbyists as they pushed for federal approval
of a corporate merger. The administration
approved the deal less than two months later.

White House officials said that Mr. Rove referred the executives to others in the
administration and that he played no part in the approval. The officials said Mr.
Rove did not recall raising the issue with the president.

"He offered no advice or counsel with regard to this decision," said Dan Bartlett, a
White House spokesman. Mr. Rove continued to receive copies of correspondence
from Intel and its trade group until the decision was made in early May, documents
show.

Mr. Rove sold all of his stock last Thursday, unloading a portfolio of holdings in
defense, technology, energy and banking companies valued at between $1 million
and $2.5 million.


Well, what the heck. Last Thursday looks like pretty good short term timing, from a quick glance at the chart.