China could pose a challenge for Cisco due to security claims

06/25/2013 | Bloomberg

Chinese authorities say Cisco Systems product-security issues demand restrictive action and the fallout could cost the network-gear-maker money and market share. The vendor has been feeling financial pain given U.S. government restrictions regarding the purchase of technology from Chinese companies. "We can probably expect Chinese authorities to tighten their supervision over Cisco's operations in the domestic market. It also wouldn't be surprising to see Cisco soon eclipsed by local competitors Huawei Technologies Co. and ZTE Corp.," a Global Times editorial argued.

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