Political Quotes

“I am very concerned by the possibility of dumping in this case. An internal analysis conducted by Cray Research estimated that NEC's costs exceed its sales price to NCAR by over 400 percent. According to Cray's analysis, NEC proposed selling a supercomputer fairly valued at almost $100 million for only $35 million. The day after the selection of NEC was announced, Paul Joffe, Acting Assistant Secretary of the Department of Commerce for Import Administration, advised Dr. Neal Lane, Director of the National Science Foundation, of the strong possibility of dumping in this case. In the letter, Secretary Joffe states: Using standard methodology prescribed by the antidumping law, we estimate that the cost of production of one of the foreign bidders is substantially greater than the funding levels projected by NCAR's request for proposals. In antidumping law terms, this means that the 'dumping margin,' that is, the amount by which the fair value of the merchandise to be supplied exceeds the export price, is likely to be very high.”