The Fed needs to step up to the plate and level the playing field (or at least set some guidelines) for tech companies trying to do business in China. China represents a huge market for these companies so they can’t just not do business with the Chinese; unfortunately the U.S. stock market won’t reward them for being good citizens. The Fed needs to step in and set some game playing rules – the industry can’t be expected to create the rules, the game is already in motion. I think the Yahoo! chief has it right.
Governments change governments. Governments who are in trade together can certainly change governments," he said. "We tried and we are going to continue to try as an industry to have our government help us.- Terry Semel, Yahoo! Chief