Huawei Technologies Inc will surpass Alcatel-Lucent to lead the global optical networking market by the end of next quarter after Chinese firms benefited from huge investment in 3G, a United Kingdom-based research firm said yesterday.
Shenzhen-based Huawei Technologies surpassed Ericsson Inc to become the world's biggest wireless communications base station vendor by the end of last year, representing global recognition for Chinese telecommunications, a United States-based research firm said yesterday.
Chinese telecom equipment maker Huawei Technologies said yesterday its net profit jumped 20% in 2008, driven by strong overseas sales in emerging markets and improved profit margins.
As the global economic slowdown eats into the profits of many companies, an annual sales target of US$30 billion for 2009 might be no more than a daydream.