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Cisco's disastrous quarter shows how NSA spying could freeze US companies out of a trillion-dollar opportunity

Cisco chief executive John Chambers said on the company's earnings call that he believes other American technology companies will be similarly affected. Cisco saw orders in Brazil drop 25% and Russia drop 30%. Both Brazil and Russia have expressed official outrage over NSA spying and have announced plans to curb the NSA's reach.

Analysts had expected Cisco's business in emerging markets to increase 6%, but instead it dropped 12%, sending shares of Cisco plunging 10% in after-hours trading.

by Oui on Mon Dec 2nd, 2013 at 12:53:49 AM EST

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