Emergency Response and Wireless Location Systems     by Manlio Allegra       Home         Topics: Main | M&A | Funding | Earnings | Jobs | People | Bankruptcy | Silicon | Europe | Japan | Most Acquisitive | Archive   Huawei and Symantec to Form JV Targeting Security, Storage Symantec and Huawei Technologies are forming a joint venture company to develop and distribute security and storage appliances to global telecommunications carriers and enterprises. The new company will be headquartered in Chengdu, China, with Huawei owning 51 percent of the joint venture and Symantec owning 49 percent. Huawei will contribute its telecommunications storage and security businesses including its integrated supply chain and integrated product development management practices. Additionally, the new company will have access to Huawei's intellectual property (IP) licenses, research and development capabilities, manufacturing expertise and engineering talent, which includes more than 750 employees. Symantec will contribute some of its leading enterprise storage and security software licenses, working capital, and its management expertise into the new company. Symantec will also contribute $150 million toward the joint venture's growth and expansion. The companies expect their joint venture to close late in the calendar year, pending required regulatory and governmental approvals. http://www.huawei.com http://www.symantec.com 19-May-07 In March 2007, 3Com closed its acquisition of Huawei Technologies' 49% stake in H3C for $882 million and 3Com now owns 100% of the China-based company. The Huawei-3Com joint venture was originally established in 2003. Recent Financial News Cisco to Acquire Arch Rock for Wireless Energy Sensors 9/2/2010 Alcatel-Lucent Acquires OpenPlug, Extending its Application Enablement Strategy 9/1/2010 NSN Partners with Telefónica on Smartphone Experience Lab 8/30/2010 Intel Confirms Acquisition of Infineon Wireless 8/30/2010 Cisco to Acquire ExtendMedia for Video Content Management 8/26/2010 Nimbula Raises $15 Million for Cloud OS 8/25/2010 HP Bids $24 per Share for 3PAR, Topping Dell 8/23/2010 Nokia to Acquire Motally for Mobile Analytics Service 8/20/2010 ZTE Reports 1H 2010 Revenue of US$4.5 Billion 8/19/2010 China Mobile Appoints Mr. Li Yue as CEO 8/19/2010 China Mobile Tops 554 Million Customers 8/19/2010 Airband and Sparkplug Announce Merger -- Fixed Wireless Operators 8/19/2010 Marvell Acquires DS2 for Powerline Chips 8/19/2010 Marvell Posts Revenue of $896 Million, Up 5% Sequentially 8/19/2010 Brocade Posts Revenue of $504 Million, up 2% YOY 8/18/2010 > More news...   Search  this site   Search the Web   Get Your Column Published Emergency Response and Wireless Location Systems by Manlio Allegra Interview: NSN's Sue Spradley on LightSquared's Wholesale Mobile Data Paradigm by Sue Spradley Mobile Backhaul Transition Requires New Testing by Joe Zeto Cybersecurity Requires Public/Private Coalition by Greg Oslan A Rethinking of Cloud Services and Network Architecture by Jim Theodoras Delivering Scalable Video Solutions <br><i> Advantages of SVC-Optimized QoS</i> by Andy Singleton