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For those who does not understand Huawei as a whole:
Huawei, top 10 Telecom solution providers around the globe. In 1999, annual rev about USD1.8B, in 2001, USD3.1B. More than 20,000 engineers. By single organization, it has the biggest number of researchers with master's and PhD degrees in China. Also it is the top 1 company that has hired offshore employees among all Chinese business. Since five years ago, the engineers in Huawei have been received number 1 compensation in China, even more than those for foreign companies.
Now a bunch of world telecom solution provider are kind of scared about Huawei, like Erisson, Motorola, Siemens, Alcatel etc, simply becuase of Huawei's very competitive speed in embracing and developing new tech, and their cost advantage.
True, every company at Huawei's size has to run kind of on the credit base of banks. But it is still a very robust and fast growing company around the world.
Last year, Emerson bought Huawei's power supply business, it was a USD750M deal, the largest ever foreign acquisition in China.
Like Legend Holding, it is the pride of Chinese. Maybe not Frank Zhang ? No Chinese any more ?
Here is a news for your further reference.
Emerson Purchases Huawei's Avansys Power Business, China's Leading Network Power Provider
Expands Emerson Geographic Presence and Strengthens Participation In Fast-Growing China Internet and Telecom Markets
ST. LOUIS and HONG KONG, October 21, 2001 -- Emerson (NYSE: EMR) and Huawei Technologies, a leading telecom equipment provider in China and private enterprise fully-owned by its employees, today announced that Emerson has acquired Huawei's Avansys Power Co., Ltd. subsidiary. Avansys provides telecom and data network power conversion products to Huawei and other China telecom customers. One hundred percent (100%) equity has been transferred for approximately US$750 million in cash.
The transaction:
-- further expands Emerson's global leadership in supplying reliable power solutions for the networked economy, providing Emerson a leading position in one of the world's largest and fastest-growing markets for network power.
-- provides significant cost synergies through engineering, manufacturing and distribution resources in China, enabling Emerson's entire Network Power business to more efficiently serve Asian and other markets.
-- significantly increases Emerson's overall presence in China, one of the world's fastest growing markets, and one well-suited to Emerson products.
"Avansys is an outstanding company with strong sales dynamics, high profitability and return on capital, and a young and talented workforce," said David N. Farr, Emerson's Chief Executive Officer. "Its products are very complementary with those provided by the other Network Power divisions of Emerson, including Astec Advanced Power Systems (formerly Nortel Advanced Power Systems), Emerson Energy Systems (formerly Ericsson Energy Systems) and Liebert."
"This addition provides an immediate leadership position in a key market, China. More importantly, Avansys brings with it an outstanding infrastructure that we can utilize across Emerson's entire Network Power business," Farr said.
Avansys has established a solid reputation in power supplies, and the transfer to Emerson now will allow Huawei to concentrate on the growth of its core business, a spokesman for Huawei said.
"With the emerging trend of globalization, it's important that we focus resources on our core business -- designing, producing and selling the highest quality telecommunications and data communications equipment," he said. "The transfer of Avansys to Emerson will enable both Huawei and Avansys to maximize their potential growth, which will be beneficial to local government and the community at large due to increased tax revenue, foreign exchange and employment opportunities."
China is one of the world's largest markets for telecom and Internet growth -- a market whose growth is expected to continue exceeding worldwide trends.
According to Andrew Chetham, senior analyst with Gartner, "China is a unique market for a number of reasons. While it is the second largest telecom market in the world, telecommunications and Internet penetration is still low relative to U.S., Europe and other Asian markets. For example, only 11 of 100 people in China have fixed-line phone access, against 74 of 100 in the United States, and this penetration is expected to nearly triple by 2005. Internet subscribers in China also grew over 200 percent in 2000, and are expected to increase at a 30-plus percent annual growth rate over the same period."
Emerson's sales in the Asia region reached $1.3 billion in 2000, up from approximately $400 million in 1990. Its divisions today operate 66 manufacturing facilities and 268 sales offices, employing about 19,000 people throughout the region. More than 10,000 of these employees are in China.
"We have long considered Asia to be an important market for Emerson," Farr said. "Many of the world's fastest growing economies are in Asia, and as this region continues to develop, there will be an even greater need for Emerson products and services."
Avansys results will be consolidated into Emerson as of the company's first quarter of fiscal 2002. Emerson expects the addition to be accretive to earnings per share in the first year, and accretive to operating cash flow.
About Emerson:
Through its Emerson Network Power companies, Emerson is serving network-dependent data, telecommunications and Internet-related businesses with a full spectrum of reliable power and connectivity solutions. St. Louis-based Emerson (www.gotoemerson.com) is a global leader in bringing technology and engineering together to provide innovative solutions to customers in electronics and telecommunications; process control; industrial automation; heating, ventilating and air conditioning; and appliance and tools. Sales in fiscal 2000 were $15.5 billion.
About Huawei Technologies:
Incorporated in 1988 and headquartered in Shenzhen, China, Huawei Technologies (www.huawei.com) is a private high-tech enterprise fully owned by its employees. Huawei specializes in research and development (R&D), production and marketing of telecommunications equipment, providing customized network solutions for telecom carriers in fixed, mobile and data communications networks. Sales in 2000 were around $2.6 billion.
Huawei products have been put into application in over 40 countries and regions including China, Hong Kong, Thailand, Singapore, Brazil, Kenya, Russia, Germany and the USA. In China, Huawei's customers include China Telecom, China Mobile, China Unicom and other telecom operators.
Among Huawei's 19,000 employees, 45 percent are engaged in R&D. Each year, Huawei invests no less than 10 percent of its revenues into R&D.
Statements in this release that are not strictly historical may be "forward-looking" statements, which involve risks and uncertainties. These include economic and currency conditions, market demand, pricing, and competitive and technological factors, among others, which are set forth in the company's SEC filings. |
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发表于 2002-8-30 09:11
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