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Showing posts from July 24, 2008

IT SECTOR: Clarifying disposition

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From China came unexpected news: working in the field of next-generation networking company Huawei Technologies agreed to sell its unit to develop terminals - cellular telephones and modems for wireless data transmission. Among the prospective candidates for the purchase of business - the largest operators of cellular communication AT & T and Vodafone, as well as the investment company Blackstone, Kohlberg Kravis Roberts and TPG. All this seems all the more strange that, according to Director of sold units Meddi Lu, a business company in the field of ringtones and modem cards broadband access is on the rise, and its contribution to overall corporate income Huawei - more than 10%. From January to May this year under the brand name Huawei has sold more than 30 million of these devices, which yielded income of $1.8 billion end of the year the company plans to sell another 40 million devices. It turns out that the annual sales volume will grow nearly twice - for the entire past year ha...