Feeds

Huawei was never interested in buying Blackberry

That sound you heard? A thousand spooks' sphincters just unclenched

High performance access to file storage

Huawei has acknowledged global geopolitical reality, telling a London conference it's not much interested in the growth-by-acquisition model that's so much a staple of Silicon Valley.

According to the current occupant of the Chinese giant's rotating CEO position Eric Xu, the company will be able to run a go-it-alone strategy without venturing into the virtual sale-yards placing bids on high-tech-horseflesh.

In a denial that will be heard around the world in the collective relief-sighs of spooks, the company listed Blackberry as one of the companies Huawei was never interested in buying, Reuters reports.

It's almost certain that any attempt to acquire a major telco kit vendor in the West would either get a flat “no” from the relevant national government, or would at least tie Huawei up in energy-sapping inquiries. So it's no surprise that Xu told the press in London that its focus for growing its roughly $US36 billion would be on in-house R&D.

Xu added that acquiring a competitor would “bring us similar technology to what we already have” without delivering any synergy, and that customers prefer to have a choice between multiple vendors anyway.

He cited a $US600 million investment in 4G technology, and said Huawei devotes 14 per cent of its sales to R&D. ®

Top three mobile application threats

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Record labels sue Pandora over vintage song royalties
Companies want payout on recordings made before 1972
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
Number crunching suggests Yahoo! US is worth less than nothing
China and Japan holdings worth more than entire company
prev story

Whitepapers

SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.