GOVERNMENT
DATE: August 15, 2008 pe
554-T-R
TIME: 11:20 AM SR
WIRETAP: OVER 212-888-9434
CALL FROM: RAJ RAJARATNAM (203-622-4532)
CALL TO: DANIELLE CHIEST (212-888-9434)
KEY: Unintelligible: Ul
Inaudible: IA
Phonetic Spelling: PH
Voice Overlap:
RAJ RAJARATNAM: [Talking to someone in background)..but [think he wants
me...(UI)...80 he ean pay me back, I'm not going to play that game.
DANIELLE CHIESI: Hi babe
RAJ RAJARATNAM:
DANIELLE CHIEST:
RAJ RAJARATNAM:
DANIELLE CHIESI:
RAJ RAJARATNAM:
DANIELLE CHIESI:
RAJ RAJARATNAM:
DANIELLE CHIESI:
RAJ RAJARATNAM:
Hey listen to me,
Yes, love.
um Have you spoken to Hector?
Briefly.
‘What did he say?
He said that ummm he's going to be here on Monday, we're going
to get together, he's going with IBM. Ummm he's going to meet
with them and then he told me that the deal will close. Ummm I
told him IBM told me that he thinks it will get done on the 9th.
(uy
...and Hector just said in you know mid September or something
Tike that.
Right, so yesterday we had ummm shake hands.Secordsanawne
n
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DANIELLE CHIESI:
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DANIEI
LE CHIE
RAJ RAJARATNAM:
DANIELLE CHIESI:
Yeah.
Right, so I think ahh this is the time to...
‘You think we should start buying it now?
Yeah, Or wait you know until you talk to him and get the full
low, hell tell you the full low down, right?
Oh yeah, plus IBM will too.
Hmmm,
And then [... don't know if... I'm going to my mom's, ummm my
parents have lake house in Candlewood Lake.
Abbh buh,
‘And so Moffat and his daughter are coming over on Sunday.
Moffat's married?
Moff, Bob Moffat's married, yeah he's got four kids,
Abbh huh, Ok,
Why (UI) why are you surprised?
Lthought he was single.
Oh really?
Ahhh buh. He looks like you know he's a single guy...you know
sort of he's got the swagger.
I don't think...really? I think he's more like a geeky type, he's not
like charismatic like you are.
Tima rogue...anyway (cough), So got a call from my guy last
night,
Ahhh hub,BSowenuaneavone
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RAJ RAJARATNAM:
DANIELLE CHIESI:
RAJ RAJARATNAM:
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RAJ RAJARATNAM:
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RAJ RAJARATNAM:
DANIELLE CHIEST:
RAJ RAJARATNAM:
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DANIBLLE CHIESI:
6 to 8 billion dollars, Now I think, let's think about this carefully
yeah?
Yeah, yeah, I wanna, | wanna just...good you go.
But this you can't, I mean this...
No, no, no...cbviously.
Because this is our chance to make...
‘Yeah, believe me, I want that, Alright, so welre talking 6 to 8
billion, we've got the Dubai, who are the players as far as you
know?
‘Yeah, but ahhh let's think about it. The market eap, right. Lets
work this just fundamentally, right? You're meeting the CEO
when, Monday right? So this is what.
Oh, oh no, I'm meeting Hector Monday, right.
Ok, the market cap is 3.2 billion right?
Yeah.
Yeah, they get so that this thing the chances of it being bankrupt
will be gone away, right?
Correct.
‘They'll put 6 to 8 billion I think in the fab.” You know?
Who is 6 to 8? You're talking...
‘The fucking Arabs.
Ok, so you're saying, Ok fine, so the fucking Arabs, but I think
somebody else is gaing to be in there, but go ahead,
Which one?
1 don't know, somebody else is involved,RAJ RAJARATNAM:
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CHIESI:
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DANIEI
= CHIESL:
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DANIELLE CHIESI:
RAJ RAJARATNAM:
[B min 23 sec]
No, if, if you can find out...see the useful...if you can find out
whether IBM is also giving their technology.
IBM is will give them, but they're not going to give them coin.
No, no not coin, Coin they have, right?
‘Well yeah, 1 mean they'll have it from Dubai, and I think Brazil
could be in there too,
Yeah Brazil was interested, but I don't think so.
Maybe they backed out,
They backed out.
But they nothing goes down without Moffat’s approval on
this...and it goes down, but IBM will give them their, their
technology, yes.
‘Then this could be, I mean I think this could stock could go to $10
you know? But we got to keep this radio silence.
Oh please. That is my pleasure.
‘Not even to your little boyfriends, you know?
No, believe me I don't have any friends,
Ok.
[END OF CALL] ’