40 people have been arrested from Cisco today, in Brazil, when the authorities alleged Cisco had imported $500 Million worth of equipment illegally into the country. The amount owed includes the costs of fines, unpaid duty and interest. Somebody needs to be fired for this massive mistake (which you can only assume that’s what it is) if only for the tumble the stock is going to take because of the news. It will be interesting to see if Cisco appeal and what happens at the courtroom. [SHOW ME]

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Posted in The site by Paul Godden View Comments