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Investor Lawsuit Blames NSA For $12B Loss In IBM Value

Jah-Wren Ryel writes "IBM Corp has been sued by the Louisiana Sheriffs' Pension & Relief Fund which accused it of concealing how its ties to what became a major U.S. spying scandal reduced business in China and ultimately caused its market value to plunge more than $12 billion." While anyone can file a lawsuit, being sued by an institutional investor is a little different than being sued by John Q. Disgruntled.

3 of 204 comments (clear)

  1. Re: NSA/CIA Chilling effects, billion lost. by Bing+Tsher+E · · Score: 5, Funny

    Be careful. That chip is labeled as being a 74LS245 but it's really a PIC16F84 programmed to act as one.

  2. Re:NSA/CIA Chilling effects, billion lost. by Subm · · Score: 4, Funny

    About 40 people I was going to hire to start this business won't see the light of day.

    Where do you keep these candidates and why not let them have some sunlight even if you don't hire them?

  3. Re:NSA/CIA Chilling effects, billion lost. by Paradise+Pete · · Score: 5, Funny

    About 40 people I was going to hire to start this business won't see the light of day.

    Vampire-based businesses traditionally don't do well anyway. Employee retention is difficult because when you tell them you're going to give them a stake in the "business" they misunderstand and flee.