Friday, October 26, 2007

China Angles to Buy 3Com

This is just one more example of the Chinese infiltrating our defense industry via business acquisitions. This deal has got to be stopped. 3Com being partly owned by a Chinese Army front company cannot be tolerated. It also points out a distressing relationship between Mitt Romney and the Chinese. \
FROM NEWSMAX.COM:
China Angles to Buy 3Com
Thursday, October 25, 2007 2:48 PM
By: Charles R. Smith
The pending sale of a U.S. defense contractor to a company directly linked to the Chinese army would normally be canceled at once.
However, the links between a dark Chinese company and many of the most powerful politicians in America appears to have put the buyout of 3Com on the fast-track toward approval.
Bain Capital and Goldman Sachs — two leading financial firms — are currently seeking the buyout of 3Com, a computer communications firm with U.S. defense contracts. 3Com makes equipment used by the Pentagon to block computer hackers.
Bain is financing the buyout of 3Com with the Chinese telecommunications giant Huawei. Huawei is associated with the Chinese, Iraqi, and Taliban militaries.
Bain Capital is a major financial firm with a great deal of success in the past. Bain Capital was founded in 1984 by Republican presidential candidate Mitt Romney. According to Gov. Mitt Romney's campaign Web site, Bain is "one of the nation's most successful venture capital and investment companies."
However, it is Huawei that will benefit from the buyout. Huawei installed air defense networks for Saddam Hussein and the Taliban. The CIA, U.S. Defense Department, the Rand Corporation and even Indian intelligence agencies have openly documented Huawei's links to Saddam and the Taliban.
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