'We are not interested in the U.S. market anymore," says Huawei VP Eric Xu. The U.S....


'We are not interested in the U.S. market anymore," says Huawei VP Eric Xu. The U.S. government's hard-line stance towards the telecom equipment/IT giant (ostensibly due to to its Chinese military ties) is undoubtedly a major factor here. Xu also says Huawei is now aiming for 2017 enterprise sales of $10B, below a prior goal of $15B - its 2012 enterprise sales stood at $1.9B. Cisco (CSCO +1.4%), which has made it clear it considers Huawei a top rival, must be pleased with both remarks.

From other sites
Comments (1)
  • MarkC1717
    , contributor
    Comment (1) | Send Message
     
    Yeah, how does Chinese Possum taste? They're coming in a big way...
    23 Apr 2013, 05:38 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs