In a program, CNBC’s Eamon Javers reported about latest tussle between tech companies like Apple Inc. (NASDAQ:AAPL), Google Inc (NASDAQ:GOOGL) and government secret agency, FBI. Apple and Google and backing off from the alleged cooperation with the government and have pledged to introduce some features that will make devices and software completely secure. The government claims that these features will give terrorists and other bad guys an opportunity to get away from government surveillance. This comment is conveying the message between the lines that government was using devices and software made by Apple Inc. (NASDAQ:AAPL) and Google Inc (NASDAQ:GOOGL) to track users. This news was denied by government agencies in the past but after Apple and Google’s decision to ensure complete privacy, FBI is not happy.
Javers showed some experts from an interview of FBI Director James Comey in the program. Comey thinks that latest steps from Apple and Google will help bad guys getting in sneaking away from government agencies. Comey even threatened Apple Inc. (NASDAQ:AAPL) and Google Inc (NASDAQ:GOOGL) during his talk, and said that if the companies don’t rollback their plans to put encryption as the part of the phone and services, US Congress might have to force some laws on Apple Inc. (NASDAQ:AAPL) and Google Inc (NASDAQ:GOOGL). This will result in these companies making less profit.
Some comments from former federal prosecutor, Danya Perry were also shown in the program. Perry thinks that after new encryption program of Apple Inc. (NASDAQ:AAPL) and Google Inc (NASDAQ:GOOGL), drug dealers, money launderers and terrorists can use their phone to exchange information freely. Javers quoted Civil Liberties group and said that that there are many people who think that Apple Inc. (NASDAQ:AAPL) and Google Inc (NASDAQ:GOOGL) must be allowed to do whatever they want and any kind of forceful compliance is not in the favor of technology markets.
Carl Icahn‘s Icahn Capital hold around 52.8 million shares of Apple Inc. (NASDAQ:AAPL). David Tepper’s Appaloosa Management Lp hold around 600,000 Google Inc (NASDAQ:GOOGL) shares.
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