Huawei Pounces on Hapless ZTE With Lawsuit
It seems that ZTE (HKEx: 763; Shenzhen: 000063), already reeling from more recent setbacks than I can recount in this space, has just received yet another blow in its own backyard from crosstown rival Huawei Technologies. To be more precise, the actual blow has come in Europe where Huawei has sued ZTE for stealing its intellectual property, Chinese media are reporting (Chinese report) The recent follies of Huawei and ZTE, both aspirants on the global telecoms equipment stage, are beginning to look more and more like a soap opera. On the one hand, the latest lawsuit comes as a second blow to ZTE, which is also being sued in Europe by local giant Ericsson (Stockholm: ERICb). (previous post) Meantime, Huawei, seemingly frustrated at its slowing growth, is turning to lawsuits to fill its time, as this latest action follows another similar one against Motorola that briefly held up the purchase of Motorola’s networking assets by Nokia Siemens Networks. (previous post) Seeing Huawei actually turn on ZTE almost seems like a sad comedy, reflecting the frustrations that this pair of companies have faced on the global stage in the last six months.
Bottom line: Huawei’s latest legal attack on reflects a new stage in hostilities with crosstown rival ZTE, a development that will ultimately undermine both.
Related postings 相关文章:
◙ Growth-Addicted Huawei Looks to the Cloud 华为渴求增长上瘾 着眼云计算
◙ Motorola, Huawei Settle, Now Everyone Can Move On 华为与摩托罗拉和解，各方均受益
◙ ZTE, Huawei Stumble Some More 华为中兴：难兄难弟
