Communication Equipment Companies Look to Benefit as Chinese Telecom Equipment Makers Disallowed From the U.S.
Five Star Equities Provides Stock Research on Ciena and Nokia
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 10/11/12 -- The Communication Equipment Industry will look to benefit from a recent decision by the United States House Intelligence Committee disallowing Huawei and ZTE Corporation, China's leading telecom equipment producers, from the domestic telecom equipment market due to potential security issues. Five Star Equities examines the outlook for companies in the Communication Equipment Industry and provides equity research on Ciena Corporation (NASDAQ: CIEN) and Nokia Corporation (NYSE: NOK).
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A report from the House intelligence Committee suggests that the U.S. government should prevent acquisitions or mergers by Huawei and ZTE, and government agencies and contractors should cease using equipment made by the companies. It has yet to be seen if this report will have effect on Huawei and ZTE business in other countries.
"Huawei and ZTE seek to expand in the United States, but as a result of our investigation, we do not have the confidence that these two companies with their ties to the Chinese government can be trusted with infrastructure of such critical importance," the committee's chairman, Michigan Republican Mike Rogers, said.
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Ciena shares fell sharply last month after reporting a larger third quarter loss than expected. "We continue to win in the market and take share as demonstrated by a solid operating performance in the third quarter," said Gary Smith, president and CEO of Ciena. But the company is "experiencing the effects of ongoing macroeconomic challenges and slower than expected roll-outs of new design wins."
Nokia has three operating segments: Devices & Services, NAVTEQ, and Nokia Siemens Networks. Nokia Siemens Networks provides mobile and fixed network infrastructure, communications and networks service platforms to operators and service providers. The company's smartphone marketing chief Ilari Nurmi has recently left the company after 15 years.
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Datum: 11.10.2012 - 06:20 Uhr
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News-ID 1159261
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