The future of Huawei

Reuters has an upbeat story on Huawei. In December 2004, it won its first major European contract from Sweden's Ericsson for a deal worth up to 400 million euros ($530.1 million) to build a third-generation (3G) mobile network for Telfort of the Netherlands.

Huawei had an IP problem when Cisco Systems Inc. sued it in 2003, accusing the firm of copying its intellectual property and infringing on patents. In 2004, Cisco dropped the suit after Huawei took steps to address its concerns.