Tag Archives: Ren Zhengfei
Huawei founder: ‘there’s no way the US can crush us’
NSA reportedly targeted Huawei
Huawei rejects reports of security weakness
Huawei complains about US spying allegations, implies McCarthy-style victimization
"We must remember always that accusation is not proof." So begins a report sponsored and published by Huawei, heavily quoting a 1954 US Senate report that condemned McCarthy and his anti-Communist hysteria. The document is a prelude to Huawei's forthcoming public testimony to the U.S. House of Representatives' Intelligence Committee, and its message is clear: the Chinese manufacturer is tired of how it's being treated in America, where numerous telecoms contracts have been blocked over "national security concerns." Huawei wants to be seen as an "opportunity" rather than a "threat," claiming it has scope to expand its 140,000 workforce and would love to create more jobs in America -- if only the US government would remove its "roadblock."
Many other arguments are put forward, but some of the most interesting paragraphs deal with the background of Huawei's founder, Ren Zhengfei. The document claims that Zhengfei has been "tragically misunderstood" and that his alleged roles in the People's Liberation Army and Chinese Communist Party (CCP) are "unsubstantiated." The report doesn't deny those memberships ever existed, but instead downplays their significance -- for example by insisting that the CCP is now focused on promoting "private entrepreneurs" and "democratization." We admittedly stopped reading at that point, but if you'd like to continue then the full 78-page PDF, written by Dan Steinbock of the India, China and America Institute, is linked below.
Filed under: Cellphones, Misc, Mobile
Huawei complains about US spying allegations, implies McCarthy-style victimization originally appeared on Engadget on Thu, 13 Sep 2012 08:10:00 EDT. Please see our terms for use of feeds.
Permalink | | Email this | CommentsHuawei 2011 financials: 20 million smartphones sold yet profit down 53 percent
Huawei's annual earnings report is out and it's a mixed bag, since while turnover increased by 11.7 percent to 203.9 RMB ($32.3 billion), profits plummeted 53 percent to 11.6 billion RMB ($1.8 billion). Revenue from overseas sales (138.4 billion RMB) equated for over half the company's total income and it boasted of having sold 150 million consumer devices, including 20 million smartphones in the year. The company didn't provide reasons for the drop in profit, emphasizing that it's increased R&D spending by 34.2 percent to 23.7 billion RMB ($3.75 billion) and that in any event, it's got around $30 billion of assets that can shoulder the brunt of a bad year.
However, the company may not see a rosy 2012 either, after both America and Australia refused to give the company big infrastructure deals (Huawei's bread and butter) thanks to allegedly close relationships between the company and the Chinese government. It seems to be following a similar trajectory to rival ZTE, which also felt margins squeeze as it entered the global retail space and felt the heat when its political dealings were thrown in the spotlight.
Continue reading Huawei 2011 financials: 20 million smartphones sold yet profit down 53 percent
Huawei 2011 financials: 20 million smartphones sold yet profit down 53 percent originally appeared on Engadget on Mon, 23 Apr 2012 17:12:00 EDT. Please see our terms for use of feeds.
Permalink | | Email this | Comments