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To: Maurice Winn who wrote (19696)6/12/2002 7:39:43 PM
From: TobagoJack  Read Replies (1) | Respond to of 74559
 
Hi Maurice, as in the first wave of attempted colonization, I expect soon Motorola to become a Bermuda company, fronting for a Chinese company, buying QCOM on the cheap in exchange for shares of Shanghai-listed Panda Electronics when DJIA tanks to >5000 and Nasdaq >1000, leaving Maurice in the rain, looking at soggy Chinese language accounting statements.

Warning to friend Maurice, few happenings in life come through as expected by the informed majority.

Chugs, Jay



To: Maurice Winn who wrote (19696)6/12/2002 10:55:15 PM
From: AC Flyer  Read Replies (3) | Respond to of 74559
 
>>Mqurice and the magical CDMA are recolonizing China<<

.....while China becomes the workshop of the world and the 'net devours market inefficiencies. My Chinese suppliers are fluent in written English and speak excellent Excel. US$ move from Boston to Shanghai in the flash of a photon and containers of engineered fasteners return, to be sold at 50% gross margins while pricing 30% to 40% below their US-made equivalents. Comparative advantage, anyone?



To: Maurice Winn who wrote (19696)6/13/2002 1:23:23 AM
From: TobagoJack  Read Replies (1) | Respond to of 74559
 
Hi Maurice, we were just pondering on the full explications and complete implications of colonization in the context of globalization, and here, coincidentally, another company applying to colonize Bermuda (maybe Trinidad will have a chance at this globalization game before it ends):

search.ft.com

COMPANIES & FINANCE THE AMERICAS: Nabors' move to Bermuda opposed
By Peter Thal Larsen and Gary Silverman in New York
Financial Times; Jun 13, 2002


Nabors Industries, the Texan oil rig operator, is facing opposition from investors over plans to move its headquarters to Bermuda.

Nabors' shareholders, including the AFL-CIO, the powerful US labour federation, will today ask a judge in Houston to delay a vote on the planned relocation on the grounds that the company has not properly explained the tax and corporate disclosure implications of the move.

The hearing comes a day before Nabors' annual meeting, where shareholders will be asked to approve the move to Bermuda. A string of pension funds plan to oppose the move.

The vote comes amid growing criticism of executives who have or plan to reincorporate their companies in Bermuda to reduce their US corporate tax bills.

Last week, Robert Morgenthau, the Manhattan district attorney, said his office would closely scrutinise executives of companies that had moved their headquarters offshore.

He was speaking after bringing charges against Dennis Kozlowski, the former chief executive of the Bermuda-based conglomerate Tyco, of evading New York sales tax.