Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

NSA Leaks Can Damage US Tech Companies In Long Term

|Includes: AABA, AAPL, GLD, GOOG, MSFT, PowerShares QQQ Trust ETF (QQQ), SLV

To put is simple, recent NSA leaks are a game changer in IT industry.

It is not hard to imagine, right now, CTOs around the globe are reassessing the whole idea of cloud computing and quite frankly I don't understand how the companies involved (NASDAQ:QQQ) can ever repair the trust of they customers. Why would you ever consider to put your company's data on the cloud, when it can be so easily leaked out or even been actioned by authorities based on criteria you don't even know ahead of the time.

Disclosure: I am long SLV.