3 ms·

"Weeeeeeeeee!" The sound of Dell, Intel and other hardware tech stocks of US firms plummeting over the next 12 months as they realise they can now only sell do

"Weeeeeeeeee!" The sound of Dell, Intel and other hardware tech stocks of US firms plummeting over the next 12 months as they realise they can now only sell domestically as nobody else in the World trusts them any more. Tens of thousands of jobs lost here. And of course, they'll blame it on Snowden. It was classified in part because tens of thousands of jobs relied on it. But you have to wonder if there isn't just a little bit of an air of the two-faced about this...

sp332 13y ago
If tens of thousands of jobs were at stake, maybe they shouldn't have done it in the first place. The NSA did the crime, Snowden just told us about it.
relic 13y ago
So it is your understanding that the US has only now just started spying on foreign countries? Capable nations have been spying on friends and foes for a long time, and they will continue to do so, exposed attempts will only change implementation. If countries decided they were not going to buy foreign technology, the majority of those countries would have no technology. You think Saudi, for example, will just start manufacturing their own hardware?
- PaulRobinson 13y ago
  I think Silicon Valley thrived for being the centre of the best technology in the World and the assumption that as a free and liberal nation it would not be as encumbered with spyware as hardware from say, China (which last year gave us the bluetooth malware clothes iron!). That perception is now gone. The valley will suffer. Why buy Intel when I can license the blueprints for ARM, build my own chip-fab plant for less than $1 billion and build a processor myself? And if I can do that, how much more investment do I need to build my own motherboards, displays and other components? $10 billion? Saudi makes that in oil money in a week. You really think they're going to keep buying US tech? The golden age for US tech firms is now over, and the idea that "of course" the US was spying is laughable: the assumption was always that the spying was targeted and not carte blanche over entire populations.

sp332 13y ago

If tens of thousands of jobs were at stake, maybe they shouldn't have done it in the first place. The NSA did the crime, Snowden just told us about it.

relic 13y ago

So it is your understanding that the US has only now just started spying on foreign countries? Capable nations have been spying on friends and foes for a long time, and they will continue to do so, exposed attempts will only change implementation. If countries decided they were not going to buy foreign technology, the majority of those countries would have no technology. You think Saudi, for example, will just start manufacturing their own hardware?

PaulRobinson 13y ago
I think Silicon Valley thrived for being the centre of the best technology in the World and the assumption that as a free and liberal nation it would not be as encumbered with spyware as hardware from say, China (which last year gave us the bluetooth malware clothes iron!). That perception is now gone. The valley will suffer. Why buy Intel when I can license the blueprints for ARM, build my own chip-fab plant for less than $1 billion and build a processor myself? And if I can do that, how much more investment do I need to build my own motherboards, displays and other components? $10 billion? Saudi makes that in oil money in a week. You really think they're going to keep buying US tech? The golden age for US tech firms is now over, and the idea that "of course" the US was spying is laughable: the assumption was always that the spying was targeted and not carte blanche over entire populations.