Cisco Severs Reseller Ties with China’s ZTE

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http://www.thevarguy.com – Cisco Systems (NASDAQ: CSCO) broke off its seven-year reseller relationship with Chinese telecommunications provider ZTE after an internal investigation confirmed earlier reports that the company had sold computer gear from the networking giant and other U.S. manufacturers to an Iranian telecom firm in violation of U.S. economic sanctions, according to a published account. ZTE was also said to have agreed to ship Cisco switches and other U.S. technology gear worth millions to a unit of the parent company that owns the Iranian telecom firm. According to the article, John Chambers, Cisco chief e (IT news)