The House's Intelligence Committee has recommended Huawei and ZTE be shut out of the U.S....
Monday, October 8, 2012, 11:06 AM ETThe House's Intelligence Committee has recommended Huawei and ZTE be shut out of the U.S. telecom equipment market due to security fears caused by their Chinese government ties. Unclear is whether the committee's stance will affect only infrastructure sales, or also the companies' U.S. mobile phone sales, which are growing quickly. Either way, infrastructure rivals such as CSCO, ALU, ERIC, CIEN, and TLAB must be pleased. (previous) (Huawei IPO rumor)
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