HUAWEI took the value of core assets may have been Harbor Workers boycott

In full industry for half a year long versions of the rumors, HUAWEI - SIEMENS harbor between the complex "triangle" has finally started to show its acquisition of the final outcome.

Yesterday, HUAWEI science and technology and the port network jointly announced that HUAWEI has reached an agreement with the Gulf of intent to acquire, while the two sides have signed a memorandum of understanding. At this point, rumors of SIEMENS's $110 million acquisition of harbor broadband product line officially come to an end, and the bay "old enemy" HUAWEI's intervention makes the acquisition further into the capital and interest game among employees.

Harbor suspected sale

Yesterday, HUAWEI technology and harbour networks announced, according to the memorandum of understanding signed by both parties, HUAWEI will acquire include routers, Ethernet switches, optical network, broadband integrated access equipment, product line to harbor all assets, personnel, business and related all intellectual property rights.

HUAWEI's acquisition of all the information of the core assets of the harbor, in the joint press release issued jointly by HUAWEI and harbor, due to the formal agreement has not been finalized, and therefore can not be disclosed." Yesterday, the harbor network news spokesman Li Lin and HUAWEI spokesman Fu Jun in the face of an interview with reporters, have made the above statement. But in yesterday's release of a few words in the press release, the introduction of the acquisition is less than 130 words, including the amount of the acquisition, the completion of the specific content of the time were not disclosed.

But informed sources, in determining the harbour will be sold to HUAWEI and SIEMENS, in fact has been unable to avoid the fate of "sale". The current acquisition amount has not announced in the harbor, but from the current situation, the estimated price will be very cheap, may be less than $50 million, to be sure, the final price will be much lower than the purchase price of SIEMENS." An unnamed harbor network middle layer revealed.

A comparison of the figures is that SIEMENS at the end of last year, the harbor broadband products offer up to $110 million, the acquisition of assets, not including the optical network part of the assets, while HUAWEI won the four major product lines, almost accounted for more than 80% of the total income of harbor.

HUAWEI spokesman Fu Jun declined to evaluate the rumors, he said: "HUAWEI and the harbor believe that this acquisition will be a win-win cooperation, in the long run, the harbor staff and network equipment industry will have a beneficial effect, should not only pay attention to the amount of purchase."

Harbor network official website data show that at present the main harbour eight, in addition to the four of the sale of the business, including the next generation network (NGN) products, DSL broadband access (such as ADSL), and network security and network management software. But in this four business, because China government and operators are still in the experimental condition of NGN, all devices are almost completely no sales, generally to the operator and equipment in mini test; DSL broadband, the harbour share is relatively small, the market is dominated by HUAWEI, ZTE, Shanghai Bell Al Carter enterprisesdominated, in February this year, Hebei Netcom is still a clearing in order, will be excluded from the harbour supplier list; in addition, network security and network management software, is the harbour side".

HUAWEI said that HUAWEI acquired most of the assets and operations of the port, rather than the harbor company. Harbor as an independent company will still exist.

But harbor is clearly not agree with this position. "After HUAWEI bought, haven't there anything valuable? What's the point of continuing to be an independent company?" A harbor staff questioned said.

Helpless anxious themselves"

Although SIEMENS has tried to remain silent because buy harbor and eventually quit, but the industry generally believe that, because HUAWEI is the main partner of SIEMENS 3G in China, and therefore the two sides set up a joint venture for the hope and TD communication, HUAWEI teamed up to win a share of the market China 3G SIEMENS, apparently unwilling to harbour for damage and HUAWEI cooperation.

But correspondingly, the harbor the desire for money is no longer allowed, SIEMENS has repeatedly repeatedly, in the face of SIEMENS has not promised HUAWEI's low price intervention, the final layer of the harbour to make capital.

In 2001, a year of harbor networks, have the background of UBS Pincus and Shanghai industrial DragonTech ventures $61 million in venture capital, which Pincus invest $53 million directly into the harbor, and offered a $35 million bank loan guarantee. Harbor to pay the price is that entrepreneurs Li Yinan had to give up 50% of the shares to Hua Ping, and thus began to face the pressure of capital cash, and also began to lose the right to speak of the future of the port of the word, but also the right to speak of the future of the stock market, but also the right to speak of the future of the capital, the right to speak. According to the agreement between the port and Warburg Ping shares in China after the harbor, the port should be in 4-6 years, to achieve the doubling of business growth, and ultimately overseas listing, so that China's equal venture capital cash withdrawal.

But from the beginning of 2004, due to fierce competition for HUAWEI harbor, even at the "zero profit" and the harbor every single point, to "punish" from the harbour HUAWEI original high-rise, lead to harbor slowdown, declining profits, and the NASDAQ IPO failed. After the listing is blocked, the increasing pressure on the venture capital, the Gulf management began to contact with SIEMENS in 2005, seeking to sell assets, debt may be.

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