http://gcc.gnu.org/bugzilla/show_bug.cgi?id=54027

--- Comment #1 from Richard Guenther <rguenth at gcc dot gnu.org> 2012-07-19 
10:07:11 UTC ---
Isn't it invoking undefined behavior by means of a signed integer overflow?
(if shifts are not defined in terms of multiplies we may not internally
fold x << 1 to x * 2).

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