re:
http://www.garlic.com/~lynn/2013m.html#47
http://www.garlic.com/~lynn/2013m.html#61

NSA Revelations Kill IBM Hardware Sales In China
http://www.nakedcapitalism.com/2013/10/wolf-richter-nsa-revelations-kill-ibm-hardware-sales-in-china.html

from above:

But there was nothing to spin in Asia-Pacific, where revenues plunged
15%. Revenues in IBM's "growth markets" dropped 9%. They include the
BRIC countries - Brazil, Russia, India, and China - where revenues
sagged 15%. In China, which accounts for 5% of IBM's total revenues,
sales dropped 22%, with hardware sales, nearly half of IBM's business
there, falling off a cliff: down 40%.

... snip ...

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