An earlier post here reported that the SEC has sent a letter to Intel inquiring as to how Intel Celeron microprocessors wound up in computers being sold in Cuba. According to an article in yesterday’s Wall Street Journal, Intel’s “misery”…
This EETimes story, which discusses some of the litigation woes of Altmel disclosed by the company in its SEC filings, mentions one lawsuit that will be of particular interest to the export community. On June 9, [Nucleus Electronics Ltd. (Hong…
A report today in the Internet edition of Electronics Weekly brought to my attention some correspondence back in June between the Securities and Exchange Commission (“SEC”) and Intel. The correspondence arose from newspaper reports in May that Cuba had lifted…
If sometime mid-morning you heard a loud cheer followed by exclamations of “It’s about time!”, what you heard was small to middle-market exporters cheering the announcement of a settlement agreement between DHL and two federal export agencies, the Bureau of…
The Office of Foreign Assets Control (“OFAC”) released last Friday its monthly report of civil penalties it imposed for violations of the economic sanctions programs administered by the agency. I was particularly interested in the announcement of a $10,341.00 fine…