NSA leaks sink US business deals

[unhappycamper]

http://atimes.com/atimes/China_Business/CBIZ-01-231213.html



NSA leaks sink US business deals
By Andrew M Johnson
Dec 23, '13

~snip~

US tech titans face tough times in China

NSA spying has sent chills across the ranks of US technology companies operating abroad. From Brazil, Russia, and China to Germany and the Middle East, US tech giants are feeling the pain from a slimmed customer base and the prospect of new regulatory compliance costs that may squeeze profit margins.

(Indeed, that concern is expanding beyond information technology companies. Saab of Sweden this month won a US$4.5 billion order to supply 36 jet fighters to Brazil, beating Boeing of the United States for the deal, just a few weeks after President Dilma Rousseff said that alleged US spying on her government was an affront to her country.

"Boeing only didn't win the deal because of the lack of trust created by the spying incident, Welber Barral, Brazil's trade secretary from 2007 to 2011, told Bloomberg. "Had the decision been last year, Boeing would have won.&quot

With over an 80% share of the non-US cloud-computing market, US companies have dominated the industry since its inception in the late 1990s. But a recent report published by the Washington-based Information Technology and Innovation Foundation (ITIF) estimates that the revenue losses facing US cloud providers will reach anywhere from $21 billion as a low estimate to $35 billion as a high estimate by 2016. [11] In addition to this report, the Cloud Security Alliance recently estimated that 10% of non-US companies have canceled their contracts with US-based providers since May. [12]

[dipsydoodle]

1. revenue losses facing US cloud providers will reach anywhere from $21 billion......

As most of the companies don't seem to pay much in the way of tax it affects their distributable profits. As such they should have tax credits to compensate.

[Promethean]

2. I notice how this is being blamed on the leaks

and not the offensive policies that are driving the foreign markets to distrust the US companies.

[JHB]

3. Correction: NSA overreach losing contracts

The problem isn't the leaking, it's the practice that the leaks were about.

[RC]

4. BINGO! If the NSA was operating within the law and constitutionally, there would not be a problem

with leaks.
Edward Snowden's exposures couldn't have such an impact world wide.

To say it is the leaking that is the problem is nothing but propaganda and an attempt at damage control.

[JoeyT]

5. Don't want to lose peoples' trust?

Don't do shit that will cause them to stop trusting you if they find out you're doing it. It's really not that complicated.

Now that their fuckups are costing some rich folks some money, we might actually see a policy change. Or at least they'll pretend to change policy and try to make sure it doesn't get out again.

[Bosso 63]

6. This shit just became real.

[Pholus]

7. The NSA overreach was just part of the PNAC plan...

from the original PNAC document:

"CONTROL THE NEW “INTERNATIONAL COMMONS” OF SPACE AND “CYBERSPACE”" (from https://en.wikipedia.org/wiki/Project_for_the_New_American_Century)

It's where TIA got its genesis, and where the NSA picked up the duties when the code-words were reshuffled to make it look like TIA was closed down.

Why the f*ck did we decide to continue that crap?

[JackInGreen]

8. "NSA spying practices sink US business deals"

There, fixed that for you.

[Fiendish Thingy]

9. The leaks aren't the problem, but they did create awareness of the spying programs,

Which troubled the foreign Govts. Enough to cancel the contracts. Funny how a little 10% dent in corporate profits can create a groundswell of pressure from same corporations to change US policies and practices.

Thank You, Edward Snowden.

[Scalded Nun]

10. Policy changes are already in the works

New policy is to ensure what they are doing NEVER sees light of day.

They see the leaks as what has hurt them, not their practices.

These evil bastards won't go any other route.