Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Ericsson overlook? -- Ignore unavailable to you. Want to Upgrade?

To: sillen who wrote (2453)	12/20/1998 1:57:00 AM
From: Clarksterh	Read Replies (1) \| Respond to of 5390

Sillen - I have never heard personally about bribery or lying. There is one thing to be business smart, but if it turns out Ericsson has crossed the line with this one it can only mean they have real internal trouble. Far be it from me to defend Ericsson, but it is not uncommon for non-US companies to bribe officials in developing countries. Ericsson is not even close to the only company doing this (if indeed this particular case is valid). It is actually something that puts US companies at a disadvantage because the US is the only developed country in which it is illegal for a citizen to make a bribe even when outside the country. This form of bribery is disgusting, but pretty common and not necessarily a sign of other problems. Clark PS Note that US companies have lobbied the government on various occasions to attempt to get other developed nations to pass the same laws and level the playing field. As of several years ago nothing had changed. PPS Sillen - do you disagree with Qualcomm's rightly named, if somewhat pompous sounding, 'fairness principles' as a criteria for convergence? If not, why not? Just curious.