It appears you have not yet registered with our community. To register please click here...

 
Go Back [M] > Madshrimps > WebNews
Cisco reportedly drops sales pact with ZTE after claims of roundabout Iran dealings Cisco reportedly drops sales pact with ZTE after claims of roundabout Iran dealings
FAQ Members List Calendar Search Today's Posts Mark Forums Read


Cisco reportedly drops sales pact with ZTE after claims of roundabout Iran dealings
Reply
 
Thread Tools
Old 9th October 2012, 08:10   #1
[M] Reviewer
 
Stefan Mileschin's Avatar
 
Join Date: May 2010
Location: Romania
Posts: 154,128
Stefan Mileschin Freshly Registered
Default Cisco reportedly drops sales pact with ZTE after claims of roundabout Iran dealings

ZTE might already be feeling heat from Congressional suspicions, but the company could soon take a more direct hit to the pocketbook. Cisco has reportedly dropped an already rocky seven-year deal with ZTE after it learned that the Chinese firm had been selling Cisco's networking gear to the Telecommunication Company of Iran as recently as July of last year. Being implicated in an end-run around US trade sanctions isn't great for business, as you'd imagine. While Cisco CEO John Chambers wouldn't directly confirm the severed link in a chat with Reuters, he noted that we would "not see that [sort of deal] happen again" -- an indication that his company at least isn't happy with the current state of affairs. ZTE isn't waiting for any public acknowledgment to voice its frustration and says it's "highly concerned," although it's not helped by allegations from its own US general counsel that there was an attempt to cover up the Iranian link. Nothing is definite until the investigations go public, but the Iran connection could make it that much harder for ZTE to keep US customers regardless of its distance from the Chinese government.

http://www.engadget.com/2012/10/08/c...-of-iran-deal/
Stefan Mileschin is offline   Reply With Quote
Reply


Similar Threads
Thread Thread Starter Forum Replies Last Post
Iran blocks Google and Gmail Stefan Mileschin WebNews 0 24th September 2012 09:37
Iran takes its ministries offline Stefan Mileschin WebNews 0 8th August 2012 08:37
Cisco drops Cius tablets after the BYOD crush, plans upgrade to Android 4.0 Stefan Mileschin WebNews 0 28th May 2012 08:42
Dell profit drops 33 percent in Q1, both home and corporate sales take a hit Stefan Mileschin WebNews 0 23rd May 2012 10:06
Nintendo DSi drops to $100, DSi XL drops to $130 on May 20th Stefan Mileschin WebNews 0 11th May 2012 09:46
Iran Cuts Off Internet Access Stefan Mileschin WebNews 0 13th February 2012 09:37
The Secret HDMI Pact jmke WebNews 0 8th June 2006 23:29
Online Music Sales Grow Amid Offline Sales Decline jmke WebNews 1 5th January 2006 19:00
AMD, IBM extend technology pact Sidney WebNews 0 22nd September 2004 04:38

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


All times are GMT +1. The time now is 15:59.


Powered by vBulletin® - Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO