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Cisco (NASDAQ:CSCO) ends a 7-year partnership with ZTE following allegations that the Chinese...

Oct. 09, 2012 5:02 AM ETCisco Systems, Inc. (CSCO) StockCSCOBy: Yigal Grayeff, SA News Editor2 Comments
Cisco (NASDAQ:CSCO) ends a 7-year partnership with ZTE following allegations that the Chinese company illegally sold equipment to Iran, including Cisco switches and a telecom surveillance system. ZTE was "reasonably successful" in reselling Cisco products in China, although other aspects of the partnership didn't go so well. ZTE, along with Huawei, was yesterday accused of posing a security threat to the U.S.

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