InfoAnda - China's Huawei expects profit jump after reporting drop in 2011 |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Internet time tied to teen depression symptoms | 19 January 2011
US teen's YouTube promo for jobless dad scores big | 24 March 2009
Mugabe says Gaddafi's death as tragic as U.S. envoy's | | 27 September 2012

Russia says U.S. offers deal to arms suspect Bout | | 18 November 2010

Forum Views () Forum Replies ()

Read more with google mobile : China's Huawei expects profit jump after reporting drop in 2011 |

Edition: U.S. Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Legal Deals Earnings Social Pulse Business Video The Freeland File Aerospace & Defense Investing Simplified Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB Dividends World World Home U.S. Brazil China Euro Zone Japan Africa Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Social Pulse Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Nader Mousavizadeh Lucy P. Marcus Nicholas Wapshott Bethany McLean Anatole Kaletsky Zachary Karabell Edward Hadas Hugo Dixon Ian Bremmer Lawrence Summers Susan Glasser The Great Debate Reihan Salam Frederick Kempe Mark Leonard Steven Brill Breakingviews Equities Credit Private Equity M&A Macro & Markets Politics Breakingviews Video Money Money Home Tax Break Lipper Awards 2012 Global Investing MuniLand Unstructured Finance Linda Stern Mark Miller John Wasik James Saft Analyst Research Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Money Clip Investing 201 Life Health Sports Arts Faithworld Business Traveler Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Reuters TV Reuters News Article Comments (0) Follow Reuters Facebook Twitter RSS YouTube Read "Star Wars" creator George Lucas engaged to businesswoman 03 Jan 2013 Global stocks tick up, dollar pares gains after U.S. payrolls 10:22am EST Insight: "Fiscal cliff" fracas: From smiles to distrust to rancor 5:30am EST Swiss bank Wegelin to close after guilty plea 8:27am EST Analysis: Geithner's planned departure puts Obama in tough spot 6:22am EST Discussed 147 ”Fiscal cliff” tumble looms despite Senate efforts 144 French court rejects 75 percent millionaires’ tax 117 Gun purchasers set new record in December: FBI Pictures Reuters Photojournalism Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more | Photo caption Portfolio: Mike Cassese A showcase of the best images from Reuters photographer Mike Cassese, who passed away on December 27, 2012. Slideshow Gang rape protests People from across India gather for vigils remembering the gang rape and murder of a student that triggered protests and international outcry. Slideshow China's Huawei expects profit jump after reporting drop in 2011 Tweet Share this Email Print Related News REFILE-Hong Kong shares may end 2012 off 18-month closing high Sun, Dec 30 2012 Exclusive: Huawei partner offered embargoed HP gear to Iran Sun, Dec 30 2012 Ericsson to take $1.2 billion charge on ST-Ericsson stake Thu, Dec 20 2012 AIG to raise up to $6.5 billion through AIA share sale: sources Mon, Dec 17 2012 IPhone 5 hits China as Apple shares slide further Fri, Dec 14 2012 Analysis & Opinion Wall Street channels Charles Dickens in 2012 China is the elephant in the situation room Related Topics Tech » Investing and Taxes Simplified » The logo for China-based networking and telecommunications company Huawei is pictured at the ITU Telecom World in Geneva in this October 24, 2011 file photo. China's Huawei Technologies Co Ltd HWT.UL, the world's No.2 telecom equipment maker, expects its 2012 revenues to exceed $35 billion, up 10 percent from a year earlier, its acting CEO Guo Ping said. Credit: Reuters/Denis Balibouse/Files By Lee Chyen Yee HONG KONG | Fri Jan 4, 2013 4:54am EST HONG KONG (Reuters) - China's Huawei Technologies Co Ltd, the world's No.2 telecom equipment maker, expects a 2012 profit gain after reporting a sharp drop a year ago, thanks to new projects and increased sales in high-end mobile phone markets such as Japan. Net profit is expected to be around $2.4 billion, rotating and acting Chief Executive Officer Guo Ping said in a New Year message to employees on Friday. That would be a rise of 29 percent from 11.6 billion yuan ($1.86 billion) in 2011, based on his forecast. Revenue is expected to exceed $35 billion, Guo said. In 2011, sales rose 11.7 percent to 203.9 billion yuan, or about $32 billion. Privately held Huawei and its crosstown rival ZTE Corp have been expanding their footprint in the global telecom equipment and mobile phone sectors over the past few years. While Huawei has boosted sales and gained market share in Europe, Africa and Asia, it ran into a few obstacles last year in other markets such as the United States and Australia due to national security and cyber espionage concerns. Slower telecom spending stemming from a weak global economy and stiff competition in the increasingly crowded mobile phone sector have also weighed on the outlook of equipment providers and handset manufacturers. "We should devote our limited energy to specific business objectives, and avoid the impulse to expand business blindly," Guo said. "Managers who expand business blindly must be held accountable." Last October, ZTE, the world's fourth-biggest maker of mobile phones and No.5 telecom equipment maker, reported its biggest quarterly loss since it was listed due to narrowing margins, project delays and accounting changes in China. Guo did not provide a breakdown of the revenue figures by business segment. Huawei is expected to announce audited figures in the next few months, although no date has been set yet. Rival Ericsson has yet to report its full-year figures, so it is unclear whether the Chinese company had surpassed the Swedish giant as the top telecom equipment maker in the world. Huawei was founded in 1987 by Ren Zhengfei, a former People's Liberation Army officer. Huawei has denied repeatedly any links with the Chinese military and says it is a purely commercial enterprise. In a message to employees a year earlier, Ren said Huawei had initiated a system that allows top executives to take turns acting as chief executive, paving the way for a smooth management handover when Ren eventually retires. ($1 = 6.2303 Chinese yuan) (Reporting by Lee Chyen Yee; Editing by Ryan Woo) Tech Investing and Taxes Simplified Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Edition: U.S. Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Friday, 4 January 2013
Libyan police captain abducted in Benghazi |
Turkish Kurd deputies meet jailed militant leader Ocalan: lawmaker |
Argentina's president urges Falklands talks with Britain |
Basque separatists Batasuna say they are closing down |
South Sudan accuses Sudan of bombing before leaders' summit |
FTC ends long Google probe with mild reprimand |
U.S.: time not right for Google executive's North Korea trip |
NY pension fund sues Qualcomm for political records |
Taylor Swift's 'Red' holds down top spot on Billboard chart |
Putin gives tax exile Depardieu Russian citizenship |
Eleven dead in Damascus gas station blast |
Chavez still has severe respiratory problem |
Turkish Kurd deputies meet jailed militant leader Ocalan: lawmaker |
Court hearing delayed for former Haitian President Aristide |
Northern Irish police injured as flag row turns violent again |
Cuban group says political detentions rose dramatically in 2012 |
U.S. ends long Google probe with only mild reprimand |
India's Infosys to fire up to 5,000 workers: media |
Samsung to widen smartphone gap with Apple this year -Strategy Analytics |
Turkish agency blamed by U.S. companies for intercepted Web pages |
Star Wars creator George Lucas engaged to businesswoman |
Helen Mirren happy her Hollywood star next to Colin Firth's |
Adele's 21 scores again, beating Swift for 2012's top album |
Elvis play generates controversy at Utah high school |
Australian trees made famous by Aboriginal artist destroyed |
Abbas sees Palestinian unity as Fatah rallies in Gaza |
Pakistani girl shot by Taliban leaves British hospital |
EU says no date for Iran talks, hopes for next round soon |
Britain's top tabloid scolds Argentina over the Falklands |
Insurgent attacks in northeast Nigeria leave 13 dead |
Analysis: Rousseff's bet
Romania prime minister says cuts needed after GDP overestimated |
Lebanon asks for $180 million to aid Syrian refugees |
Under pressure, Hungary PM drops contested voting rules |
EU says its Google case not affected by U.S. ruling |
Sky strikes Bundesliga deal with Deutsche Telekom |
China's Huawei expects profit jump after reporting drop in 2011 |
India tablet computer sales to double in 2013: research |
LA sisters Haim lead hopes of pop revival in 2013 |
Ex-film star Bardot may seek Russian nationality |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01