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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (277392)	3/1/2006 1:04:36 AM
From: Elroy	Respond to of 1585859

Had he just told the UAE that he couldn't allow it because of political reasons the UAE may have understood and taken the bad with the good. Instead Bush thought he could slip it by. I don't know, but I think you are overestimating the conspiracy theory. I believe Bush had little knowledge of a standard transfer of port operations contract until the US public went ballistic. The bidding war between Dubai World Ports and Singapore Ports for the British P&O company (the one that was acquired and brought the US port management contract with it) had been going on in the papers over here for 1-2 months. It was a normal corporate takeover bidding war, not a national security issue. Security was never even discussed. Bush probably had as much knowledge of it as he had of the fact that CSCO just bought SFA yesterday for cash - in other words, zero. I think Dubai World Ports will operate something like 40 ports around the world if the acquisition goes through - 6 in the US and ~34 elsewhere in the world, including the UK. I haven't heard of any of the other countries complaining about security issues.

To: Jim McMannis who wrote (277392)	3/1/2006 1:15:12 AM
From: Elroy	Read Replies (1) \| Respond to of 1585859

There's an article on the front page of the Gulf News Business section today that a Dubai government backed company has just launched a $12-$15 billion fund to acquire stakes in Fortune 100 companies! Wait until that one hits the US press...timing couldn't be worse. Oh well :-)