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Entries in Huawei (38)

Wednesday
Jul242013

Huawei boosts sales, trims disclosure 

Huawei says it’s on track to reach full-year targets but has trimmed its financial disclosures.

In the first six months of 2013, revenue reached 113.8 billion yuan ($18.54bn), up 10.8% over last year, Huawei said in a statement today

CFO Cathy Meng says the privately-held firm would reach its goal of 10% revenue growth for the full year, with a 7%-8% net margin.

But whereas last year Huawei’s mid-year guidance included operating profit and margin, it has omitted those from the 2013 statement.

Meng said growth was “steady” in the core carrier business and “fast” in the device group.

For full-year 2012 the Shenzhen-based vendor posted net earnings of 15.38 billion yuan on sales of 221 billion yuan ($35.35bn) – a margin of just under 7%.

Huawei is not obliged to issue any financial statements, but as part of its effort to burnish its image it publishes full-year and interim results and an annual report.

Friday
Jun142013

US, Snowden, China: The world's biggest case of projection?

Amid the blizzard of information in the Snowden affair, the factoid that caught this blog’s attention was the hacking into the Hong Kong Internet Exchange (HKIX).

According to Snowden, the NSA listened into the HKIX, the city’s prime internet exchange, through the internet backbone.

We hack network backbones – like huge internet routers, basically – that give us access to the communications of hundreds of thousands of computers without having to hack every single one," he said.

He named one target as the Chinese University of Hong Kong, home to a handful of advanced internet research facilities such as the Hong Kong Internet Exchange, which "essentially connects all of the city's internet access providers to a single infrastructure," the [SCMP] reported.

We don’t know if Snowden is telling the truth, or even if he knows what he is talking about. And while we should probably take most denials on this topic with a large grain of salt, let’s just note that the CUHK said it had not “detected any form of hacking to the network, which has been running normally.”

Maybe, just maybe, “running normally” actually means with a hidden security backdoor already built-in by its router vendor, Cisco. I stress this is pure speculation; there is no evidence Cisco or anyone else provided a key.

But it is striking that that is exactly the kind of behaviour that the US fears that the Chinese will execute on American networks through Huawei.

I can’t help but wonder: when the Pentagon, Congress and the CIA label Huawei a security threat, are we looking at the world’s biggest case of projection?

Tuesday
May072013

Nokia appoints fourth China CEO in three years

Nokia China and Huawei have both swapped out the heads of their handset operations – but that’s where the similarity ends.

Gustavo Eichelmann, Nokia’s China chief since the beginning of 2012, has left the company for “personal reasons”, Nokia announced Monday. He will be replaced by Erik Bertman, the head of Nokia Russia, effective June 1.

Eichelmann’s departure follows the collapse of Nokia’s share of China’s smartphone market last year – from market leader, with a 29.9% share in 2011, down to seventh with just 3.7% share.

Bertman, a Swedish national, is the fourth head of Nokia’s China business since the beginning of 2010.

He has the job ahead of him. Nokia’s global devices sales were down 32% year-on-year in Q1. Handset shipments were off 25% and smartphone shipments fell by a scary 49%.

As he wings his way to Beijing Bertman may cross paths with Wan Biao, Huawei’s terminals group CEO, who has just been sent to Moscow. In a promotion for Wan, he will head up all of Huawei's operations in Russia, one of the Huawei’s target ofshore markets.

Wan will be replaced by Yu Chengdong, who will retain his current title of chairman of the terminals unit.

In contrast with Nokia’s declining fortunes, the Huawei’s devices team is on a roll. Of course, the popularity of Huawei's affordable smartphones is one reason why Nokia is struggling.

Huawei boosted devices revenue 8.4% to $7.9 million last year and shipped 32 million smartphones. It’s aiming for 60 million this year.

Wednesday
Apr242013

Huawei's brave new world

Huawei’s abandonment of the US market and the trimming of its enterprise sales forecast are the biggest news items out of its annual analyst event in Shenzhen Tuesday.

Yet in both case there is less than meets the eye.

Huawei is not going to win any major US network deals in the current Washington environment, so the remarks by executive VP Eric Xu merely reflect reality. And it certainly has a handset business there.

It might have cut the topline forecast for its new enterprise group, but it's still aiming for a hefty $10 billion in sales by 2017 – equivalent to three-quarters of ZTE’s total revenue last year.

For me, the biggest take-outs are twofold: Huawei’s diversification looks to be on track; but to succeed it has to go where almost no other B2B company has gone in creating a global brand.

On diversification: the enterprise business unit in its second year grew 26% in 2012 and has target growth of 45% this year. Assuming that growth remains profitable, the 2017 target looks achievable.

By that time the company hopes to reduce carrier equipment sales to just 60% of total revenue, compared with 73% last year, and increase handsets to 25% (22% for the past two years) and enterprise to 15% (5%).

On the brand: In a frank presentation, Shao Yang, Huawei's devices chief, said building the brand would be harder than developing the software and hardware. The Interbrand CEO told him there wasn't a single brand on the Interbrand 100 that was big in both B2B and B2C (IBM was the closest). And Huawei doesn’t have anything like Samsung’s $12.5 billion budget.

I’ll be posting more about Huawei here and at Light Reading in the next couple of days.

Wednesday
Apr102013

Aust PM hints door is still open for Huawei 

Just months after it declared Huawei a security threat, the Australian government now appears to be inviting the Chinese vendor back into the market.

Australian Prime Minister Julia Gillard has encouraged the company to "seek opportunities to grow its commercial business in Australia,” according to a Huawei account of her meeting with Huawei chairwoman Sun Yafang in Beijing on Tuesday.

In a press conference later, Gillard was less effusive, simply stating that Huawei was a major employer and had a substantial business in Australia.

But Gillard’s private meeting with Sun, at the end of a series of high-profile meetings with Chinese leaders, suggests the government has not closed the door on the Chinese firm, even though it has been ruled out of the NBN project.

Australia is significant because it is a junior partner in the US-led security alliance and is the only country other than the US to have blocked Huawei from major contracts on security grounds.

In Britain, the biggest US ally, Huawei is helping BT roll out its fibre network. A UK parliamentary committee review of Huawei, due to conclude by last Christmas, appears not to have made any adverse findings.

In another win for Huawei in a country close to the US, it yesterday was awarded Telecom NZ's major LTE contract, replacing 3G supplier Alcatel-Lucent.

A quick guide to s how Huawei stacks up among key agencies in the US and its allies:

FOR: White House, UK government, NZ government

AGAINST: US Congress, Pentagon, MI5, ASIO

UNDECIDED: Australian government, Canadian government.

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