SINGAPORE: US technology companies including Cisco Systems Inc, International Business Machines Corp and Microsoft Corp may face new challenges selling their goods and services in China as fallout from the US spying scandal starts to take a toll.
Cisco shares tumbled 11% on Thursday, a day after it warned that revenue could drop as much as 10% this quarter, and continue to contract through the middle of next year, in part due to a backlash in China after revelations about US government surveillance programmes.
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