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Re: waveduke post# 239256

Thursday, 10/23/2014 10:03:37 AM

Thursday, October 23, 2014 10:03:37 AM

Post# of 248693
perhaps you are joking. some examples of these so-called "preposterous" insights.

eg "The ability of U.S. companies to sell abroad has been seriously compromised by foreign customer concerns about the relationship between the U.S. intelligence community and the tech sector," said Daniel Castro, a senior analyst at ITIF.

""The president's speech was empathetic, balanced and thoughtful, but insufficient to meet the real needs of our globally connected world and a free Internet," said Ed Black, president of the Computer & Communications Industry Association, a group that represents Google, Microsoft, Facebook, Yahoo, and other U.S. firms targeted by NSA surveillance."

"The U.S. government isn't doing any favors for Cisco," said Evercore Partners analyst Mark McKechnie.

"There is significant international pressure against the U.S. and the National Security Agency ... regarding the collection of data by the NSA from U.S. companies," eBay noted among a list of potential business risks. "Further restrictions or regulation in the European Union could result as a direct reaction to these events."

"The National Security Agency scandal exposed by whistleblower Edward Snowden has cost American technology companies billions of dollars in lost revenue as governments and companies in its important export markets of Asia refuse to entrust the handling of sensitive data to US companies. An analysis of financial filings from technology giants IBM and Cisco by The Independent on Sunday reveals the two businesses have seen sales slump by more than $1.7bn (£1.03bn) year-on-year in the important Asia-Pacific region since Mr Snowden revealed in June that US companies had been compromised by the NSA's intelligence-gathering in the clandestine Prism programme.

"US companies have seen some of their business put at risk because of the NSA revelations," said James Kelleher of equity research firm Argus Research."

"Devoted customers of Apple products these days worry about whether the new iPhone 6 will bend in their jean pockets. The National Security Agency and the nation’s law enforcement agencies have a different concern: that the smartphone is the first of a post-Snowden generation of equipment that will disrupt their investigative abilities."

"Apple declined to comment. But officials inside the intelligence agencies, while letting the F.B.I. make the public protests, say they fear the company’s move is the first of several new technologies that are clearly designed to defeat not only the N.S.A., but also any court orders to turn over information to intelligence agencies. They liken Apple’s move to the early days of Swiss banking, when secret accounts were set up precisely to allow national laws to be evaded."

"At Apple and Google, company executives say the United States government brought these changes on itself. The revelations by the former N.S.A. contractor Edward J. Snowden not only killed recent efforts to expand the law, but also made nations around the world suspicious that every piece of American hardware and software — from phones to servers made by Cisco Systems — have “back doors” for American intelligence and law enforcement.

Surviving in the global marketplace — especially in places like China, Brazil and Germany — depends on convincing consumers that their data is secure."

etc etc etc

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