Posts Tagged ‘3com’

Hunter on Romney: “…while it is true that you no longer control Bain Capital, the contributions you have received from its principals [and] its founding member indicate that your influence within the company remains strong”

November 4, 2007 in 2008, argument, campaign communications, campaign communiques, election, election 2008, GOP, media, mitt romney, policy, republicans, romney, stupidity, the dark soul of Mitt Romney, triumph of unreason
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To pass in review:

yet more Romney corruption: Bain Capital and Ren Zhengfei of Huawei

Now this:

HUNTER CALLS ON ROMNEY TO OPPOSE BAIN PARTNERSHIP WITH CHINESE COMPANY

FOR IMMEDIATE RELEASE: November 2, 2007

CONTACT: Gary Becks (619) 334-1655, dlhunter08@yahoo.com

San Diego, CA – – – Presidential candidate and current Ranking Member of the House Armed Services Committee, Congressman Duncan Hunter, today called on former Governor Mitt Romney to send a “clear statement” to the leadership of the company he founded, Bain Capital, to terminate a proposed business deal with a controversial Chinese corporation seeking to acquire U.S. defense contractor 3COM. Bain Capital is attempting to form a business arrangement with Huawei Corporation, a Chinese corporation founded by an officer of the Peoples Liberation Army of Communist China, which faces allegations of assisting Saddam Hussein in the targeting of U.S. aircraft and in helping the Taliban develop surveillance equipment.

“I am extremely concerned that Governor Romney’s company would tout a highly suspect Chinese corporation as a strategic partner,” stated Hunter. “Forming a business partnership with a corporation known to have direct ties with terrorists and dictators while, at the same time, openly seeking to acquire a major U.S. corporation that performs vital cyber security work for the Department of Defense, can only be characterized as irresponsible.”

A resolution has been introduced in Congress, H.Res. 730, which states; “The preponderance of publicly available evidence clearly suggests that as currently structured, the proposed transaction involving Huawei threatens the national security of the United States and should not be approved by the Committee on Foreign Investment in the United States .” A copy of this resolution is provided.

Hunter stated in his letter to Governor Romney, “…while it is true that you no longer control Bain Capital, the contributions you have received from its principals as its founding member indicate that your influence within the company remains strong.

“Further, while the Committee on Foreign Investment has yet to rule on the Huawei transaction, this corporation’s connection to Saddam Hussein, the Taliban and the Army of Communist China should clearly disqualify them from becoming, in the words of your former company, “a strategic partner” in acquiring a U.S. firm such as 3COM, which performs vital cyber-security work for the U.S. Department of Defense.

“This letter is a request that you immediately issue a statement of policy that this transaction should be terminated on the grounds of national security. Please let me know what you intend to do.”

A copy of Congressman Hunter’s letter, as well as two articles regarding Huawei acquisition efforts are provided. Media are encouraged to contact Gary Becks at (619) 334-1655 for additional information or to arrange an interview with Hunter.

Congressman Hunter can console himself in that Romney promises to subsidize at public expense the American workers that Bain Capital displaces as it liquidates US manufacturing capacity, a laboratory pure example of privatizing the gains (profits that accrue to Bain Capital) and socializing the costs (subsidizing displaced workers at public expense). Perhaps Romney will subsidize our bomb shelters or other civil defenses with our money too.

yours &c.
dr. g.d.

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yet more Romney corruption: Bain Capital and Ren Zhengfei of Huawei

September 30, 2007 in 2008, analysis, election 2008, GOP, incompetence, mitt romney, republicans, romney, stupidity, the dark soul of Mitt Romney, triumph of unreason
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“Most Americans probably are not intimately familiar with Huawei (pronounced “Wa-way,” as if Gilda Radner of Saturday Night Live fame were asked to pronounce the name). The company’s founder, Ren Zhengfei is a former officer of the People’s Liberation Army,” writes the estimable Charles Cooper for CNET’s Tech news blog in a post titled Mitt Romney’s communist connection

Tough to know what to make of that. When it comes to speaking with the press, Ren is a regular Greta Garbo. A mini-profile Forbes ran three years ago noted that many of Huawei’s major customers are state-run businesses in China. And while Ren owns 1 percent of the company, the rest belongs to an unidentified “union.”

Go figure.

Meanwhile, Ren has gone about building Huawei into a success story disregarding the usual corporate niceties. In 2000–three years before the WMD craze got us all nutso about taking out Saddam–the CIA accused Huawei of secretly selling a communications system to Iraq. In the final report of the Iraq Survey Group, Huawei and two other Chinese companies were singled out for carrying out “extensive work in and around Baghdad”–mainly telecommunication switches and the installation of fiber-optic cable.

Then in 2003, Cisco socked Huawei with a patent infringement lawsuit. Cisco claimed Huawei ripped off its intellectual property to make a lineup of routers and switches. Huawei denied the allegations though in the end caved.

But if at all possible, business doesn’t let politics intrude. So it is that Friday we learned that Bain Capital is paying $2.2 billion to acquire 3Com. Part of the deal involves China’s Huawei Technologies, which will acquire a minority stake in 3Com.

And, oh, by the way, Mitt Romney, the former Massachusetts governor running for the Republican presidential nomination–he headed Bain Capital for 14 years … more

More on Romney’s web of corruption:

evidence of Romney corruption and incompetence continues to build; GOP needs to start thinking post-Romney

Was it really hard work and clean living that issued in Romney’s vast personal fortune?—we mean, really?

yours &c.
dr. g.d.