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Cisco Wiped Out $23.5 Million of Unsold Gear During Exit From Russia

According to news agencies residing within Russian territories, it has been widely reported that Cisco has destroyed an inventory of unsold equipment with a total worth of $23.5 million. TASS, a Kremlin-controlled news organization, has made reference to account statements provided by Cisco Systems (the remaining legal entity of the Cisco Group based within the Federation) - it reports that the equipment was "physically destroyed" in January 2023, post a termination of sales in Russia and Belarus. The financial statements outline the liquidation of "primarily spare parts," but the agency claims that Cisco engaged in the destruction of network hardware, demo units and office furniture.

Cisco was one of the first tech companies to withdraw from Russian territories, following the full-scale invasion of the Ukraine. Soon after the beginning of the conflict, Cisco Systems announced the cessation of its business dealings, starting with a stoppage of sales in March 2022. A June deadline was specified for a complete shutdown of operations. The company made a decision by August 2022 to dispose of unsold inventories located within affected territories - the necessary permits for re-export of goods had not been obtained. It is not clear whether U.S. sanctions (against Russia) played a part in influencing the North American tech company's decision to engage in a scorched earth policy and obliterate the physical remnants of stock plus premises in Russia and Belarus.

CTS Labs Sent AMD and Other Companies a Research Package with Proof-of-Concept Code

CTS Labs, the Israel-based IT security research company behind Tuesday's explosive AMD Ryzen security vulnerabilities report, responded to questions posed by TechPowerUp. One of the biggest of these, which is also on the minds of skeptics, is the ominous lack of proof-of-concept code or binaries being part of their initial public report (in contrast to the Meltdown/Spectre reports that went into technical details about the exploit). CTS Labs stated to TechPowerUp that it has sent AMD, along with other big tech companies a "complete research package," which includes "full technical write-ups about the vulnerabilities," "functional proof-of-concept exploit code," and "instructions on how to reproduce each vulnerability." It stated that besides AMD, the research package was sent to Microsoft, HP, Dell, Symantec, FireEye, and Cisco Systems, to help them develop patches and mitigation.

An unwritten yet generally accepted practice in the IT security industry upon discovery of such vulnerabilities, is for researchers to give companies in question at least 90 days to design a software patch, harden infrastructure, or implement other mitigation. 90 days is in stark contrast to the 24 hours AMD got from CTS Labs. CTS Labs confirmed to TechPowerUp that it indeed shared its research package with AMD (and the other companies) just 24 hours prior to making its report public, but urged those disgruntled with this decision to look at the situation objectively. "If you look at the situation in the following way: right now the public knows about the vulnerabilities and their implications, AMD is fully informed and developing patches, and major security companies are also informed and working on mitigation."

Belkin Completes Acquisition of Linksys

Belkin today announced the completion of its acquisition of Linksys. Linksys' technologies, including its routers and the popular and innovative Smart Wi-Fi portfolio and services, will be managed and maintained as a separate brand and product portfolio.

"Linksys has a rich heritage, a passionate customer base and a wide product line, all of which fueled our decision to acquire the company and our plan to maintain the Linksys brand," said Chet Pipkin, CEO of Belkin. "The Linksys portfolio will continue to exist and evolve to include even richer user experiences and network management functionality. Smart Wi-Fi is an innovative and easy way for consumers to stay connected to their home network and we look to continue investing in it by adding more features and products."
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