finance.yahoo.com

Cisco Slides as Huawei Source-Code Theft Trial Opens in Brooklyn

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Cisco shares fell about 0.5% as Huawei’s federal criminal trial began in Brooklyn. Prosecutors allege a conspiracy to steal trade secrets from five U.S. businesses, including source code for Cisco’s router operating system, alongside sanctions and financial-system violations linked to Iran. The case could last about three months, with Huawei denying the claims; Cisco is not prosecuting and no recovery is disclosed yet.

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