From: Adam Shostack <adam@homeport.org>
Date: Thu, 28 Nov 1996 06:13:15 -0800 (PST)
To: dlv@bwalk.dm.com (Dr.Dimitri Vulis KOTM)
Subject: Re: Israel crypto restrictions
In-Reply-To: <R053XD11w165w@bwalk.dm.com>
Message-ID: <199611281409.JAA21283@homeport.org>
MIME-Version: 1.0
Content-Type: text/plain


Dr.Dimitri Vulis KOTM wrote:
| Adam Shostack <adam@homeport.org> writes:
| > 	They're listed on NASDAQ (CKP).  This makes them an American
| > company for purposes of export controls.  (This from an employee of
| > Checkpoint who I asked that exact question.)
| 
| This is truly bizarre. First, if they were on the NASDAQ, they'd have a
| 4-letter ticker symbol, not a 3-letter symbol. MSFT (Microsoft) is on NASDAQ.
| IBM (IBM) and F (Ford) are on the New York stock exchange and/or
| American stock exchange.

	Oops.  Misread my stock service.  I usually pay little
attention to what exchange something is traded on.  CKP is on the
NYSE.

| Sometimes the stock of a foreign company is traded in the U.S. in the form
| of American Depository Receipts (ADRs) not sponsored by the company. How
| could that impose any obligation on it?

	"He asks, as if the ITARs were logical."

Adam

-- 
"It is seldom that liberty of any kind is lost all at once."
					               -Hume