Interesting exerts from last nights 60 minutes segment on Huawei:
.........."U.S. companies thinking about buying from Huawei should "find another vendor if you care about your intellectual property; if you care about your consumers' privacy and you care about the national security of the United States of America," panel chairman Mike Rogers said "........
"The panel said it received credible allegations from ..........current ......Huawei employees .....Huawei, .........guilty of bribery and corruption, discriminatory behavior and copyright infringement."
"U.S. network providers and system developers are strongly encouraged to seek other vendors for their projects," .....
"U.S. intelligence officials have publicly denounced China as the world's most active perpetrator of economic espionage against the United States."
" Huawei U.S. sales totaled $1.3 billion last year."
In the last year, an additional one billion three hundred million dollars of telecoms infrastructure equipment sales in the United States would have had a significant impact on ALU's margins and cash flow!
The story was quite good. As an ALU investor and an American it angers and surprises me that there are U.S. companies buying and installing Huawei ewuipment in the United States.
Does anyone know if Alcatel-Lucent got any part of the $5 billion dollar Sprint contract, once the U.S. government denied the deal between Sprint and Huawei? If so, what amount?
Love the statement that went something like--"If you value your intellectual property, if you value your business, if you value the security of America, you should not do business with Huawei."
The guy that said that has figured out Huawei's ethics "Ahead Of The Crowd". ...........Tickerguy