Hutchison Telecommunications and Singapore Tech. Telemedia Agree to Acquire Global Crossing

To: flamefront; Travis McGee; Alamo-Girl; buffyt; kattracks; OKCSubmariner

"This is a textbook model for a successful strategic investment," said Mr. John Legere, CEO of Global Crossing.

It is also a classic way for the Chinese to wage a successful strategic warfare before the first shot is ever fired by them. Insanity runs amok, and the Island Nations are dwelling carelessly.

41 posted on 08/09/2002 11:38:09 AM PDT by Paul Ross

and Huthinson Whampoa owns 1/3 of Canadian Oil via an investment in Husky Oil.

They are slowly grabbing us in the Gonads. Panama Canal, Shipping, Communications and Oil.

42 posted on 08/09/2002 11:39:31 AM PDT by Lokibob

Just posted some links to photos of their huge Bahamas facility here - check it out:
http://www.freerepublic.com/focus/news/730503/posts?page=9#9

43 posted on 08/09/2002 11:57:22 AM PDT by Thisiswhoweare

In this case the us gov should intervene. The assets at stake are too valuable to sell to the chicoms for 300mil and a future (if any) 200mil...

If I had the cash, as an American, I would counter bid the hell out of it.

44 posted on 08/09/2002 12:01:35 PM PDT by CJ Wolf

45 posted on 08/09/2002 12:07:56 PM PDT by Tailgunner Joe

To: Freedom'sWorthIt; All

Quick search reveals:

GlobalCrossing

WEB RESULTS (Showing Results 1 - 100 of fewer than 200 ) next »
Get the Top 10 websites for "Global Crossing"

1.	Clinton Democrats Sued Over Global Crossing
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2.	U.S. Widens Global Crossing Inquiry
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3.	Global Crossing Confirms Hutchison Whampoa Unable to Reach Agreement With Creditor Constituencies
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4.	House Panel to Seek Global Crossing Documents
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5.	New Concerns at Global Crossing
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6.	Tech Insider: A global government crossing
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7.	Ex-Governor to Look Into Union Stock Deal [AFL-CIO / Global Crossing]
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8.	Global Crossing Funded Anti-speech Incumbents
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9.	Global Crossing & the Art of Effective Campaign Contributions [Free Republic]
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10.	McCain, Dems Reap Cash From Global Crossing
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11.	Global Crossing Shareholders to File Alternate Bid
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12.	Troubled Internet company gave money to Mass. Politicians (Global Crossing)
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13.	Quiet Global Crossing Board Member: Former Secretary of Defense
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14.	Beijing to acquire espionage network? Global Crossing deal could provide army
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15.	Chinese Billionaire Wants Global Crossing
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16.	Why is Asia's Most Powerful Man Buying Global Crossing
	FreeRepublic.com "A Conservative News Forum" [ Browse \| Search \| Topics ] Click to scroll to commentary. TOPICS Business/Economy Editorial KEYWORDS Why is Asia's Most Powerful Man Buying Glo

17.	Global Crossing CEO Partied With Clinton (Last Week)
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18.	Qwest/Global $Billions
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19.	McAuliffe: My Stock Killing Critics Should 'Move to Cuba'
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20.	The Fiber Optic Fantasy Slips Away
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21.	Enron Hasn't Resonated in Polls
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22.	SUDDENLY THE DEMOCRATS ARE ALIVE AGAIN [BARF ALERT]
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23.	Enrongate Getting Twice as Much Coverage as Whitewater
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24.	DNC chief has his own Enron
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25.	Inside Politics/'Heck of a return' (McAuliffe/LIEberman) /Gore's policy
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26.	What did Senator's wife do to earn $2.5 million from bankrupt corporation?
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46 posted on 08/09/2002 12:08:30 PM PDT by backhoe

To: Paul Ross; Jeff Head

You are spot on noting that quote -- it is exactly why I wanted this posted here for posterity since it does represent the paradigm for the ChiCom economic/technology attack. Other news reports did not as well reflect this fact coming right from the horse's mouth.

47 posted on 08/09/2002 12:27:52 PM PDT by flamefront

To: Copperwood; kattracks; Travis McGee

If you answer no, then I don't know what else to say.

Good. I no longer do. So Don't say anything more then. At first I just assumed you were being deliciously cynical, but then it became evident as the thread ran on that you were serious. You have become careless about our security. Think about this: Does Karl Rove care more about VOTES or the nuts and bolts of National Security? He proved which it was in the Viques Naval base dispute where he traded a very clearly irreplaceable national security asset worth $14 billion, for trying to mollify Jesse Jackson and the eco-`communists in Puerto Rico and the Puerto Ricans in NYC...and all in his phantasmical world the garnering of their votes. [ It will never happen ] And who does GWB listen to EVERY DAY and NEVER make fun of or defy? It's Karl Rove and Andrew Card. Even if we could trust GWB, when presented with all the facts to do the right thing, he has surrounded himself with politically-minded people who really don't see security as a NEED and a Constitutional Mandate of the office... but merely one more interest-group constituency to be placated!

And if those in the Security phalanx have the temerity to get out of line because they won't kow-tow to the decrees of political mavens, then they are vilified and marginalized in the tradition of Bill Clinton. Just look at GWB's continuing deal with the Clintons and Daschle to not prosecute...in exchange for WHAT????

In any event, the unsettling security facts that undermine what the authors of the big political schemes and deals inside the West Wing have going ...WILL BE FILTERED OUT from the President's daily brief. You can bet the bank on it.

Move along, nothing to see here.

48 posted on 08/09/2002 12:35:41 PM PDT by Paul Ross

Worrysome! Very, Very, worrysome!

The reds will control the international internet and communications backbone!

49 posted on 08/09/2002 12:43:40 PM PDT by Cold Heat

To: ImaGraftedBranch

This is the GWB equivalent of the security negligence of the Clinton administration. Eventually it will lead to worse than 9/11.

50 posted on 08/09/2002 12:46:22 PM PDT by Paul Ross

WND flash from Feb.:

AMERICA'S CHINA SYNDROME
Beijing to acquire
espionage network?
Global Crossing deal could provide army with secure data transmission

Posted: February 22, 2002
1:00 a.m. Eastern

By Jon Dougherty

© 2002 WorldNetDaily.com

A Chinese firm whose CEO has well-established ties to the People's Liberation Army is making a bid for a worldwide telecommunications company that could give Beijing a global spy network for transmitting intelligence.
The company, Global Crossing ? which recently filed for bankruptcy protection ? has a worldwide fiber-optics route that connects all continents.
Successful acquisition of the network "would provide communist China with a worldwide and very capable spy network of data communications," according to one company official who requested anonymity.
"Global Crossing has a fiber-optic network that connects Europe, Asia, Australia, North America, South America and Africa. Any communications network can be used to commit espionage if given the correct tools to do it with," the company official told WND.
"As long as you have the secure equipment from end to end while transmitting data, you can use communications in a secure environment," the official said. "The Global Crossing network would give Hutchison Whampoa ? quality data transmissions over its undersea fiber-optic network.
"Sometimes it's difficult to get quality data transmissions from continent to continent without interruptions or capacity loss. Global Crossing's network has mind-boggling capacity," said the official.
In a Jan. 28 statement, Global Crossing officials announced that Hutchison Whampoa, along with Singapore Technologies Telemedia, had signed a letter of intent "for a $750 million cash investment for a joint majority stake in the company's equity in connection with a restructuring of the company's balance sheet."
Hutchison's connections to the Chinese army were established in the 1990s.
In testimony to the Senate Armed Services Committee Oct. 22, 1999, Rep. Dana Rohrabacher, R-Calif., said the company's chairman, Li Ka-Shing, is "closely associated with the Beijing regime and has a history of acting as a source of funding or acting as an intermediary in deals for the People's Liberation Army."
Rohrabacher complained that "the Clinton administration, including defense and intelligence agencies, [had] publicly stated that they have no knowledge of a connection between Li Ka-Shing" and the PLA.
During testimony, the California Republican entered into the record "unclassified documents by U.S. intelligence agencies, the U.S. Bureau of Export Affairs, the U.S. Embassy in Beijing and the Rand Corporation that identify Li Ka-Shing and [Hutchison] as financing or serving as a conduit for communist China's military to acquire sensitive technologies and other equipment. ?"
Li, U.S. officials said, was also founder of the China International Trust and Investment Corporation, a firm that "does enter into business partnerships with and provide logistical assistance to the People's Liberation Army," according to a 1997 Rand Corporation study.
Other strategic military experts say they are concerned about Hutchison's control over former American ports at both ends of the Panama Canal, a strategic waterway in Central America no longer owned by the United States.
"My concern is that this company (Hutchison) is controlled by the communist Chinese," said retired Adm. Thomas H. Moorer in testimony before the Senate Foreign Relations Committee June 16, 1998. "And they have virtually accomplished, without a single shot being fired, a stronghold on the Panama Canal, something which took our country so many years to accomplish."
Other lawmakers also worry about the loss of the canal, transferred back to Panama in January 2000.
Says Rep. Bob Barr, R-Ga.: "I think the geopolitical significance of the Panama Canal in 1999 is the same as it has been for the past 85 years ? critical."
There are also political ramifications surrounding Global Crossing. The head of the Democratic National Committee, Terry McAuliffe, turned a $100,000 investment in the fiber-optics firm into an $18 million profit before it filed for bankruptcy protection.
Critics are comparing McAuliffe's profiteering to the actions of executives of failed energy giant Enron Corp., which filed for bankruptcy Dec. 2 after concealing massive losses.
McAuliffe managed to arrange a golf date between Global president Gary Winnick and President Bill Clinton before the latter left office. Shortly thereafter, Winnick contributed $1 million to Clinton's Little Rock, Ark.-based presidential library, the Washington Times reported yesterday.
Global then began negotiations with the Clinton administration for a $400 million Defense Department contract. Global won the contract last July, but the Bush administration rescinded the contract a month later after losing bidders raised a fuss over the bidding process, the paper said.
"The point is not that McAuliffe did anything wrong necessarily in Global Crossing ? but that he tried to make a political issue out of Enron to use against Republicans and President Bush in particular ? and did it gleefully without compunctions," David Norcross, a lawyer and former Republican National Committee general counsel, told the paper.
Related stories:
Speaker appoints top China lobbyist
Clinton knew China's Panama play in 1996
Hong Kong tycoon's secret trade deals
China canal threat real, says Barr
U.S. knew of China canal threat

51 posted on 08/09/2002 12:59:49 PM PDT by flamefront

Thanks. I remember that article. Scary.

52 posted on 08/09/2002 1:01:59 PM PDT by b4its2late

To: Copperwood; All

Copperwood, you registered just for this stunt?

Simmer down for now, people. Only creditors and the bankruptcy judge have approved this deal, for now, according to this story. Let's all hope - and lobby, if possible - that one of the regulatory bodies rejects the deal.

Doesn't the SecDef have to approve the sale of a telecom to a foreign owner? I think it was only in the late 1980's that it became legally permissable for a non-US entity to have a stake in a US telecom company.

54 posted on 08/09/2002 1:53:50 PM PDT by jimtorr

How can you say that with even the slightest bit of a straight face.. are you serious? You say they are going to control the internet? To do what? Are they going to shut us down in time of war? It's like the babies that whine about Panama.. hmm let's see.. global cuts off service.. US agents run in seize the assets and give them to AT&T etc to run and we get the 500 million or so they pumped in to boot.. please.. what are you so worried about?

55 posted on 08/09/2002 2:37:20 PM PDT by Almondjoy

"The point is not that McAuliffe did anything wrong necessarily in Global Crossing ? but that he tried to make a political issue out of Enron to use against Republicans and President Bush in particular ? and did it gleefully without compunctions," David Norcross, a lawyer and former Republican National Committee general counsel, told the paper.

McAuliffe's new Democratic Party Plank:

"You hypocrite, first take the plank out of your own eye, and then you will see clearly to remove the speck from your brother's eye." Matt. 7:5

56 posted on 08/09/2002 3:16:15 PM PDT by DrewsDad

57 posted on 08/09/2002 3:35:27 PM PDT by USA21

I'll worry and you can bury your head in a candy bar.

58 posted on 08/09/2002 3:38:49 PM PDT by b4its2late

But before you re-bury your head... sure the Panama Canal we could take back fairly easy, if it's usable or not would be the main concern...but read this:

Other strategic military experts say they are concerned about Hutchison's control over former American ports at both ends of the Panama Canal, a strategic waterway in Central America no longer owned by the United States.

"My concern is that this company (Hutchison) is controlled by the communist Chinese," said retired Adm. Thomas H. Moorer in testimony before the Senate Foreign Relations Committee June 16, 1998. "And they have virtually accomplished, without a single shot being fired, a stronghold on the Panama Canal, something which took our country so many years to accomplish."

The Global Crossings control isn't so tangible. Just take some time and think about it.

59 posted on 08/09/2002 3:45:02 PM PDT by b4its2late

Lots of misinformation on Hutchison and Li-Ka Shing. Hutchison is a public company that also trades on u.s. mkts. Controlled by L.K. Shing and has been based in Hong Kong for years and years.
Of course he is tight with communist chinese. they took back Hong Kong. his business is there and he lives there. wouldn't you?
not discounting at all the national security issues raised here. china took back hong kong and could easily nationalize/freeze out hutchison and l.k. shing.
At this point, I don't believe he is a front. He is an extremely astute investor. $250 million for these assets, to me, is unbelievable. Where was warren buffet or bill gates on this?
before china took back hong kong, he covered himself somewhat and sent his son to live and work in vancouver, bc, where i live. also, be bought a hunk of vancouver's prime real estate waterfront for less than 200 million that he has made a multiple on. very smart.

60 posted on 08/09/2002 10:06:22 PM PDT by spyone

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