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NSA Fallout Spreads: Qualcomm Probed By Chinese Regulator In "Confidential" Investigation
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."
Mr. Jacobs stopped short of saying the pressure hurt its sales, but he did say it affected the way the company operated in China.
"[You] have to be very cautious," he said. "We are always very careful with whatever steps we take. How we sell. How we interact."
Qualcomm tries to be a good partner with some local Chinese manufacturers and build some of its computer chipsets in mainland China, he said. The company doesn't build cutting edge technology there, but it does build some older trailing technologies in China.
Mr. Jacobs said it is "very delicate balancing act that goes on. There's no question there is an impact." In the fiscal year ended Sept. 29, Qualcomm generated $1 billion in revenue from China.
Mr. Jacobs' remarks come as some big U.S. computer and software companies are reporting a sudden chill in China sales. On Nov. 14, Cisco Systems Inc. reported orders from China fell 18% and said its world-wide revenue would decline 8% to 10% in the current quarter, in part because of continued weakness in China.
Cisco executives were the most explicit so far in suggesting that Chinese customers, particularly those with government ties, may be cutting purchases of U.S. tech gear in response to fallout from the NSA revelations and the U.S. government's de facto ban on telecom gear from China's Huawei Technologies Co.
Blockback against US companies took a turn for the worse moments ago, when Qualcomm said China's price regulator, National Development and Reform Commission (NDRC), has started an investigation of the mobile chipmaker under the Chinese Anti-Monopoly Law. According to Reuters, NDRC has advised that the substance of the investigation was confidential, the company said in a statement.
Qualcomm said it was not aware of any violation. Well, maybe not any violation of its own, but it certainly is aware of the NSA exposed violations, which are now impacting US corporations across the globe.
The NDRC is China's top economic planning body and regulates prices. It has launched nearly 20 pricing-related probes into domestic and foreign firms in the last three years, according to official media reports and research published by law firms.
Qualcomm said it was not aware of any violation. Well, maybe not any violation of its own, but it certainly is aware of the NSA exposed violations, which are now impacting US corporations across the globe. For now, at least, the response has focused on telecom and internet companies, although should domestic pressure increase to punish more US corporations, it is likely that any company doing business in China (coughbloombergcough) will see increasingly more difficulty with staying in compliance, and in generating the kinds of sales and profits they have been used to. Hardly the thing America's revenue-constrained companies need at this moment, especially with consensus expecting an unprecedented surge in profitability over the next two years to offset the collapse in actual top-line growth.
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http://captiongenerator.com/9908/Hitler-not-pleased-with-Bitcoin
Oh crap.....here we go again.
With Bitcoins you're always live.......gold is anonymous.
If anyone asks.....I was never here.
Gold will continue to be manipulated to death as long as it's traded in dollars. The people involved just raise the bar on how much pretend muny can be leveraged on a single oz. BitCoin, not so much.
And gold isn't that anonymous. You buy it from someone, and they bought it from someone...somewhere there is a recipt with a name/cc/account on it tied to a name/cc/account on it.
somewhere there is a recipt
Then you're doing it wrong....you need to bone up on blackmarket 101.
I haven't bought retail anything unless it's a couch, matress or house in 20 years. If you need something in blackmarket, come on in, store is open. I'm only selling IT services though. Nothing as cool as misery or drugs, just fixing stuff.
You've watched the price action on gold and silver for how long? Does it look like anyone is letting up of allowing the value of either surface?
You've watched the price action on gold and silver for how long?
Long enough for it to still be up over 4 times what I bought it for.....anything else?
Actually I do have a receipt for that....would you like to see it?
Okay, you are getting angry about the problem instead of seeing the solution. You and I, and everyone that hold PM's, knows that they won't ever let go. They just won't. It's the basic problem of being greedy and knowing that the situation is crooked. These clowns will continue to lie, swindle and tap dance. The intention of the situation they've created is to run you into the ground financially, socially and emotionally.
And it's working. Everything offered by any of them should be suspect except BtC. Right now if you and I walked into anywhere but a pawn broker or a bank with gold or silver we'd get the 'what's that look'. Why? People love imaginary tokens of value. BtC is built to do that and back up nicely into the garage with gold and silver. It's been engineered to do that.
Right now, there is no stepping stone to get there. BtC allows debt to be recovered, because no one is going to declare a jubillee, because if they did all the insurance policies out there would blow up the same day. we know that life insurance is a scam, but there are other policies like home, car and medical that people use regularily. There's no way to translate that into PM's.
If you bought a car with PM's properly valued, you'd never find a dealer that could make change on it. That's what BtC's are for. Protect the good in the system, catelogue the bad, Strengthen PM prices and hedge the debt so it can be dealt with and as an added benefit give everyone self funding options by contribution to the system. As weird as this sounds, it would also be the end of taxation forever. All of it participatory and fair.
Like you, I've been waiting for PM's to do it's 'trick' but the situation is this.
It's not moving as long as it's tied to USD. Ever. It's too dangerous for TPTB to let it because then any government holding some is suddenly funded. How does it get done, you back door the process that strangling PM prices. Change the shape of the currency swapped, then the entire infrastructure is working to correct itself. The systems around the world function because of liquidity, not debt nor making grand announcements around PM's. It's got to be managed, people are still pricks and their needs to be recipts.
So what if my stack is worth 5 times as much, is that the truth or is someone else offering you a bag of drier lint for something worth a bit more?
And no I don't care about your recipts, just illustrating that anything can be tracked to point.
How much to fix a football game?
The Chinese fighting America's Big Brother and the Russians harboring American refuseniks...
Who would've believed this?
Who would have believed we would try the crap they already figured out didn't work 30 years ago?
Exactly. It's all about math isn't it? Damn math for being correct.
Thank you sir, may I have another?
Qualcomm includes design feature like phones that look like shoe boxes, priced to top end of market and a PBX system that presents all features except the basic ones people actually use. How are they even in business?
Qualcomm holds a crapton of patents, both hardware and software, on CDMA and other fundamental cell phone operations.
This distrust of US tech companies will persisit for years if not decades now that Snowden has exposed their comprehensive collaboration with the NSA. But then, Janet Yellen can print money and give each tech company 10% of their revenues to make up for their losses.
There is no problem that Fed printing cannot solve Forward to $200 billion a month printing.
Of course they'll print, printing isn't the issue anymore. It's the only thing holding it together.
If companies want to get bricked in during this, by all means stay in the US. Ottawa has resources to leverage if they arelooking to shake a bad brand/image problem. And the Canadian budget has BtC allowances. The longer they take, the less likely they'll stay in business as the triple vice of inflation, political jerrymandering and ignoring the obvious escape hatch of BtC, slowly turns thrice to choke off the options.
Survival of the fittest isn't really about who's stronger. It's who's more adaptable to change. While everyone would like to proclaim the strength of their inner animal, it's a fact the cockroach outlived the biggest and strongest of everything on this world. I know it's not as glamourous or as cool as a lion, but it gets the job done over the long term.
Cockroaches survive by having hundreds of thousands of eggs laid PER FEMALE!
Soon all the Amerikan shit will be in landfills in the USSA. Eat the IPAD Sheeples and be happy who you voted for in office
When is somebody going to regulate China's slave labor practices and the epic pollution belching from it's factories?
Chinese must have found backdoors in their chips finally and are sticking the screws to them.
I wouldn't buy any commercial cell phone with their chips in them........... If I had a choice but we don't have a free market, only the illusion of choice aka all the phone companies use the same chip manufacturers. Where there are choke points you can bet the farm these 3 letter agencies are involved in exploiting it for their own reasons.
But if your are handy with a soldering iron you can make your own cell phone from scratch. And if you have a 3D printer or want to job it out to a young and hungry upstart who does, you can use the printer to make the enclosure to hold the electronics.
http://www.instructables.com/id/Make-your-own-cellphone-from-scratch/?AL...
Speaking of the NSA (took my baby away) and the cult of Apple.
http://conservativemilitant.com/apple-discloses-what-its-sharing-with-go...
We’ve been hearing a lot lately about the US government secretly gathering information from Google, Yahoo, and other tech giants.
But what about Apple?
The Cupertino-based corporation, not yet caught up in the NSA scandals, has decided to take disclosure into its own hands. They’ve issued a report detailing what type of information they are sharing with what national governments.
“We have reported all the information we are legally allowed to share,” the seven-page .pdf explains, “and Apple will continue to advocate for greater transparency about the requests we receive.”
The heart of the report is a table listing 31 countries that have demanded and received information. For each country, the table lists such statistics as the number of law enforcement account requests and in how many of those data was disclosed.
The numbers are intriguing. For instance, Germany has made 93 requests, yet Apple has only disclosed data on five of them. “In cases where no data was disclosed, Apple may have objected to a government request for legal reasons or searched our records and discovered that we have no relevant information.”
But the real shock comes when you scroll down to the bottom of the alphabetical table and check the stats for the United States. Not only are the numbers vastly larger; they’re also approximations. Whereas the United Kingdom has made 127 law enforcement account requests, the US has made somewhere between 1000 and 2000.
Is Apple unsure? Of course not. “At the time of this report, the U.S. government does not allow Apple to disclose, except in broad ranges, the number of national security orders, the number of accounts affected by the orders, or whether content, such as emails, was disclosed.”
At least in public, Apple is taking the moral high road. “We strongly oppose this gag order, and Apple has made the case for relief from these restrictions in meetings and discussions with the White House, the U.S. Attorney General, congressional leaders, and the courts.”
It’s not all about international terrorism. “The most common account requests involve robberies and other crimes or requests from law enforcement officers searching for missing persons or children, finding a kidnapping victim, or hoping to prevent a suicide.”
Mostly they share “information about an account holder’s iTunes or iCloud account, such as a name and an address. In very rare cases, we are asked to provide stored photos or email. We consider these requests very carefully and only provide account content in extremely limited circumstances.”
Apple deserves praise for this sort of disclosure, but they’re not above using the report to tweak the nose of their competition–especially Google. “Apple offers customers a single, straightforward privacy policy…our business does not depend on collecting personal data. We have no interest in amassing personal information about our customers.”
When you base your business model on selling hardware at a very high profit margin, you may not need to spy on your customers. But if Apple is truly protecting its customers as much as it claims, good for them.
Any and all corporations that deal with the NSA deserve to be put out of business. The NSA is the greatest threat to world stability that has ever come into existence.
Let it be known: you work with NSA, CIA, DHS, FEMA or TSA and you are out of business M'Fers. State sponsored terrorism does not pay.
Obama's globalist plan of destroying the United States of America continues to unfold as Corporation after corporation are forced to leave the United States of America
Normally I'd agree with your sentiment but when you get big enough or consolidate too much power and control in an industry the government always muscles it's way in and if you don't play ball they will make your life miserable and eventually force you out of business and or into jail also in the process if they don't get their way. Forced regime changes are their go to 1st option since they've had a lot of success and experience in executing them. The companies are ultimately victims of their own success. It is no different than running a successful local business and having to deal with local criminal elements who want a piece of your action when you get profitable enough.
One man's mafia tactics are criminal while anothers are called 'national security'.
re: 'national security'.
There's been a lot of criminals and criminality hid behind those words over the years.
The US government is the biggest success killer of them all when it comes to anything in the US. The irony is it's own success in killing success is going to kill it in the end.
To put it simply the US government will ultimately be a victim of it's own success, that success is in killing success.
Don't blame the NSA or the administration - this is all the fault of that traitor Snowden right?
China just wants to find out how the NSA spies on everyone so well so it can implement those procedures on it's own populace.