Will Cisco Have to Pay for NSA’s Sins in China?
Cisco Systems Inc. (NASDAQ:CSCO) is coming under fire in China due to fears about the possible involvement of the National Security Agency in the company’s Chinese networks.
The Chinese government
believes that Cisco’s equipment represents a national security risk due
to the possibility of NSA spying. Cisco has denied that any of its
networks in China or the U.S. were under NSA surveillance. State-run
media in the country has accused Cisco of helping the NSA collect
information on Chinese citizens’ internet activity, and is urging a
switch to domestic equipment made by Huawei Technologies Co. and ZTE Corp (ZTCOF.PK).
Summary I believe since Snowden left the country with classify information, China and other countries are parnoid and don't trust any companies who is in the US or over in their country any more.
http://wallstcheatsheet.com/stocks/will-cisco-have-to-pay-for-nsas-sins-in-china.html/?ref=YF
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