|This Modern World (Tom Tomorrow/thismodernworld.com)|
|Protest of NSA spying, D.C. Oct. 13, '13 (DN)|
Now the fallout seems to be creeping into the U.S. tech sector. Cisco Systems, which manufactures network equipment, posted disappointing first-quarter numbers this week and warned that revenues for the current quarter could drop as much as 10 percent from a year ago -- partly as a consequence of the revelations on widespread NSA spying.
|When NSA cubicles rule the world (Reuters)|
Cisco shares plummeted, losing more than 11 percent of their value, on Wednesday's news. Though the impact of the NSA revelations isn't evenly shared across the tech sector, other companies are also feeling the bite. Google's chief legal officer, David Drummond, cited Cisco's problems during remarks at a conference Thursday in Washington, D.C., saying... More
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