NSA surveillance takes business away from US tech firms
I'm not crying for the telcos and the big software firms, because they were all complicit, but we as a society should at least know the costs. Businessweek:
Edward Snowden’s revelations about the National Security Agency may have embarrassed the Obama administration and irritated governments worldwide, but Jim Hagemann Snabe says the furor has been good for business. Snabe is co-chief executive officer of German software company SAP (SAP), the world’s biggest maker of business management software, and he says customers are focusing more on SAP’s ability to provide data security outside the U.S. Snabe spoke with Bloomberg Businessweek today after SAP announced a 5 percent increase in operating profit and reiterated its full-year forecasts, reassuring investors worried after disappointing results from rivals Oracle (ORCL) and IBM (IBM).
It's only beginning.
The same logic applies to all US software, except open source, and all US hardware, which all could have backdoors in it, or security that's been deliberately dumbed down by NSA weasels infesting standards bodies.
So, well done. One of the few bright spots for "the economy," and the NSA trashes it.