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Huawei's 1H results are more proof of the tough capex environment facing wireline and mobile...

Huawei's 1H results are more proof of the tough capex environment facing wireline and mobile telecom equipment firms. Revenue rose just 5% Y/Y to CNY102.7B ($16.1B) - a notable slowdown for a company gaining share in many markets - and operating profit fell 22%. Still, Huawei is maintaining its target for 15%-20% 2012 sales growth. Rival ZTE delivered an ugly warning earlier this month, and so did Alcatel-Lucent and some U.S. vendors. Can mobile data growth drive a turnaround?
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