Feeds

Huawei buys Symantec JV stake for $530m

You can go your own way

Secure remote control for conventional and virtual desktops

Huawei is buying Symantec's 49 per cent share in their joint venture for $530m.

The two companies teamed up in 2008 to sell security and storage technologies but it has become common knowledge in recent months that their Hong-Kong headquarted JV was to be dissolved or bought by one or the other partner. Symantec wanted to learn about appliances and enter the Chinese market. Huawei needed help in penetrating Western markets. Both missions have been accomplished.

We can speculate that Huawei wanted to control its own destiny in the USA and other JV markets rather more than Symantec wanted to control its own China market destiny. But then Huawei plays a long, long game and is not subject to the short-term quarterly earnings pressures of western companies.

The companies are confident they can progress in their target markets well enough on their own. Whether Huawei will rebrand Huawei Symantec is not specified in the two company's joint statement but we expect it will, and that Huawei will then sell IT products into the somewhat xenophobic US market, at least where China is concerned, on its own.

The agreement is subject to regulatory approvals and other customary closing conditions and is expected to close in the first quarter of 2012. ®

Providing a secure and efficient Helpdesk

More from The Register

next story
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Lords take revenge on REVENGE PORN publishers
Jilted Johns and Jennies with busy fingers face two years inside
Yes, yes, Steve Jobs. Look what I'VE done for you lately – Tim Cook
New iPhone biz baron points to Apple's (his) greatest successes
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Edward who? GCHQ boss dodges Snowden topic during last speech
UK spies would rather 'walk' than do 'mass surveillance'
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.