Huawei Forecasts Its Asia-Pacific Sales Will Surge

From Bloomberg: Huawei Forecasts Asia-Pacific Sales to More Than Double in 2005

"Huawei Technologies Co., China's biggest telecommunications equipment maker, forecast its sales in India and 15 other Asian countries will more than double this year, underscoring China's growing role in the industry.

Revenue in Asia, excluding China, Japan and South Korea may jump to more than $1 billion this year from about $460 million in 2004, Jeffrey Liu, vice president of Huawei's Asia-Pacific business, said in an interview yesterday. Huawei plans to add more than 10 customers in the region this year, said Liu, declining to name companies."

"Huawei said in February total sales may soar by more than a third to $7.5 billion this year on rising exports and increased spending by domestic phone companies. Combined revenue last year rose 45 percent to a record $5.58 billion as exports more than doubled, Huawei spokesman Fu Jun said on Feb. 1 in a telephone interview from Shenzhen."

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