The recent collapse in the forward guidance from Cisco and various
other tech and telecom companies has been widely attributed to the
world's - and mostly China's - anger at the NSA in the aftermath of the
Snowden revelations, resulting in a dramatic collapse in both future
visibility and orderbooks. This was admitted in a recent WSJ interview with
the CEO of Qualcomm, Paul Jacobs, acknowledged U.S. restrictions on
Chinese companies and revelations about surveillance by the National
Security Agency are impacting its business in the fast-growing country.
"We are definitely seeing increased pressure," said Mr.
Jacobs in an interview with The Wall Street Journal. "All U.S. tech
companies are seeing pressure."
Join us on our
Share this page with your friends
on your favorite social network: