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To: George Burdell who wrote (30779)8/13/2006 4:58:44 PM
From: joseffy  Read Replies (1) | Respond to of 48461
 
You mean legit terrorism?



To: George Burdell who wrote (30779)8/14/2006 1:54:23 AM
From: Bucky Katt  Respond to of 48461
 
The co. that owns/markets Tracfone also owns Net10, and the stock is AMX.

Everyone that I know that travels out of the US has a few unlocked gsm phones, as it is simple to buy a prepaid sim card in country whilst traveling and use the network with little trouble, and low cost.



To: George Burdell who wrote (30779)8/14/2006 5:31:04 PM
From: Bucky Katt  Read Replies (2) | Respond to of 48461
 
FBI: No Terror Groups in Cell Phone Case>

The FBI said Monday it had no information to indicate that the three Texas men arrested with about 1,000 cell phones in their van had any connections to a known terrorist group.

Authorities had increased patrols on Michigan's 5-mile-long Mackinac Bridge after local prosecutors said investigators believed the men were targeting the bridge.

Local authorities didn't say what they believe the men intended to do with the phones, most of which were prepaid TracFones, but Caro's police chief noted that cell phones can be untraceable and used as detonators.

The FBI issued a news release Monday saying there is no imminent threat to the bridge linking Michigan's upper and lower peninsulas and that has no information indicating that the men have any direct link to a terrorist group.

Adham Abdelhamid Othman, 21, of Dallas, and Maruan Awad Muhareb, 18, and Louai Abdelhamied Othman, 23, both of Mesquite, Texas, were stopped by police Friday outside a Wal-Mart store in Caro, about 80 miles north of Detroit after employees became suspicious when they purchased about 80 cell phones.

Local prosecutors charged them with collecting or providing materials for terrorist acts and surveillance of a vulnerable target for terrorist purposes.

Tuscola County Prosecutor Mark E. Reene said Monday that representatives of his office and Caro police had met with Sunday with officials from the FBI, the Department of Homeland Security and the U.S. attorney's office. He said all the agencies were working together on the investigation.
He didn't say what led officials to believe the bridge might be a target.



To: George Burdell who wrote (30779)8/15/2006 2:37:55 PM
From: Bucky Katt  Read Replies (1) | Respond to of 48461
 
The WSJ had a piece on the cell phone deal, and their story basically called it a non-event and focused more on how the companies in question are losing $$ on every one of those phones.

Seems they go for mucho money in Mexico, and a Texas jobber would pay those guys $38 for each one. Also the 3rd time they did this, so there is an actual non-terror-related trail.

Like I thought, arbitrage.

Arbitrage is the practice of taking advantage of a state of imbalance between two or more markets: a combination of matching deals are struck that capitalize upon the imbalance, the profit being the difference between the market prices