Wednesday, December 18, 2013

Lawsuits, IBM of hiding China risks, NSA spy scandal

Microsoft told everyone that the US Government (NSA) is an "advanced persistent threat" (a term applied to cybercriminals) -- ergo, if you are in bed with the NSA, you better disclose it to your stockholders, or be prepared for a stockholders' suit --

Lawsuit accuses IBM of hiding China risks amid NSA spy scandal | Reuters: "...The plaintiff in the complaint, Louisiana Sheriffs' Pension & Relief Fund, said this threatened IBM hardware sales in China, particularly given a program known as Prism that let the NSA spy on that country through technology companies such as IBM. The Baton Rouge pension fund said the revelation of Prism and related disclosures by former NSA contractor Edward Snowden caused Chinese businesses and China's government to abruptly cut ties with the world's largest technology services provider. It said this led IBM on October 16 to post disappointing third-quarter results, including drops in China of 22 percent in sales and 40 percent in hardware sales...."

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