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Cisco CEO Warns Obama To Rein In NSA Or Face Collapse Of Trust In US Technology (And Cisco Sales)

May 19, 2014 | Telepresence Options

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Story and images by Tyler Durden / Zero Hedge

Back in November, Cisco stock cratered after the company was forced to reset its future revenue guidance when as a result of crashing Chinese sales, it became clear that some $2 billion in quarterly revenue had been wiped away from the previous trendline.

Since then, Cisco has managed to regain some of the lost market value as investors have readjusted to what now appears to be a far slower growth rate for the company (a few days ago it reported $11.55 billion in revenue, $1 billion less than firms such as Goldman has expected it would reported as recently as 6 months ago).

However, one question remained - what was it that caused the collapse in sales, and especially those targeting the Chinese market.

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