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To: Lizzie Tudor who wrote (180466)3/25/2005 6:39:20 PM
From: willcousa  Read Replies (1) | Respond to of 186894
 
The way to feel comfortable owning a Bermuda company is to control it. Will



To: Lizzie Tudor who wrote (180466)3/29/2005 10:22:09 AM
From: Amy J  Read Replies (1) | Respond to of 186894
 
RE: "they asked ...Intellectual property out of the Cayman Islands or Bermuda" What the heck is that?"

What a cunning way to screen out people that pay taxes. Yuck, Intel needs to take these people out of business.

Make sure you get 50% down payment. We get 50% prepayment from all overseas orders, and an offshore company would certainly fit that description.

RE: "SOX"

If it's an ethical company, they were assessing your motivational level towards options or your level of business awareness, never mind software people tend to refer to the Sox by the name "Semiconductor Index" rather than Sox.

But given this is an offshore company, they may have been assessing your level of business awareness in order to see how much they could screw you over on the contract.

RE: "I wouldn't feel too comfortable investing in a Bermuda company though."

Totally agree. Nor working with one - at least not as an employee for options. (Contractor might be different, because you can negotiate 50% prepay of cash.)

You know who holds the IP right? The Bermuda company is an IP holding company. It's their way of avoiding tax on license fees on the IP. I don't think it's ethical. We have IP overseas and our law firm (which probably 50% of the firms follow their advice) didn't suggest we do this.

So it sounds like they are sleazy. Someone needs to take these people out of business.

RE: "So far there are not too many companies set up this way."

Thank goodness. Maybe someone from the IRS should interview them and ask what their answer is to the question they are using to screen people out. Yeesh.

RE: "Fundamentally, I'm sure you agree, that things are really,really getting better in the valley- for jobs and companies etc."

Yes, definitely. Some of those dotcom-like fluffy jobs are even coming back - Greenspan needs to raise interest rates.

But the eng depts aren't coming back yet much. VCs get stuck on fads even after they start to make no sense with devaluations.

Everyone in the startup community seems to be growing pretty good across the board. Hiring is strong suddenly. People's revenues are picking up. But the large companies are stuck with contracting PEs - or with a pessimistic WS or baggage from stumbles. Hard to say which. It'll be nice when the large companies have better performing stock - they are suppose to be my buffer, not the other way around. Our domestic orders are getting stronger - overseas was much stronger than domestic so this pickup in domestic is nice.

The old 3com building looks like a warehouse - you mean the one by 237 and Great America Parkway (I believe it's called), right? No windows, just 50s-looking cheap wavey steal without any windows to speak of - I like the other buildings around there much better - classy windows that's airy with slender white frame. I also like Cisco's style. Maybe they'll bulldoze the 3com building down with their tax savings and put up something classy. You know, I think it's bad karma to move into the 3com building given what happened to 3com. Companies usually like buildings that are winners.

Regards,
Amy J