The sound of Dell, Intel and other hardware tech stocks of US firms plummeting over the next 12 months as they realise they can now only sell domestically as nobody else in the World trusts them any more.
Tens of thousands of jobs lost here. And of course, they'll blame it on Snowden. It was classified in part because tens of thousands of jobs relied on it.
But you have to wonder if there isn't just a little bit of an air of the two-faced about this...
That perception is now gone. The valley will suffer. Why buy Intel when I can license the blueprints for ARM, build my own chip-fab plant for less than $1 billion and build a processor myself? And if I can do that, how much more investment do I need to build my own motherboards, displays and other components?
$10 billion? Saudi makes that in oil money in a week.
You really think they're going to keep buying US tech? The golden age for US tech firms is now over, and the idea that "of course" the US was spying is laughable: the assumption was always that the spying was targeted and not carte blanche over entire populations.