Friday, March 28, 2014

NSA Spying Costs US Tech Companies

Revelations of N.S.A. Spying Cost U.S. Tech Companies - "At the same time, Mr. Castro said, companies say they believe the federal government is only making a bad situation worse. “Most of the companies in this space are very frustrated because there hasn’t been any kind of response that’s made it so they can go back to their customers and say, ‘See, this is what’s different now, you can trust us again,’ ” he said. In some cases, that has meant forgoing potential revenue.Though it is hard to quantify missed opportunities, American businesses are being left off some requests for proposals from foreign customers that previously would have included them, said James Staten, a cloud computing analyst at Forrester who has read clients’ requests for proposals. There are German companies, Mr. Staten said, “explicitly not inviting certain American companies to join.” He added, “It’s like, ‘Well, the very best vendor to do this is IBM, and you didn’t invite them.’” The result has been a boon for foreign companies...." (read more at link above)

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