Monday, December 04, 2006

Huawei Forecasts $11B


"Huawei Technologies Co., Ltd. ("Huawei"), a leader in providing next generation telecommunications network solutions for operators around the world, today announced that it expects full-year contract sales to reach USD 11 billion by the end of 2006. As at 1H2006, Huawei recorded contract sales of USD 5.2 billion, an increase of 29 percent compared to the same period last year. The value of contract sales from international markets reached USD 3.4 billion, an increase of 36 percent over the same period in 2005. The international market represented 65 percent of total contract sales generated in 1H2006."

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