Qualcomm Inc (QCOM)

[khemara_qc]

Huawei sees $400 mln of cellphone sales in 2004

HONG KONG, Nov 15 (Reuters) - Huawei Technologies, China's biggest telecoms equipment maker, said on Monday it expects to log $400 million in mobile phone sales in 2004.
That would account for a relatively small portion of Huawei's overall sales, which are expected to total as much as $5.5 billion this year, the company previously told Reuters.

Huawei's push into mobile phones follows a similar drive by its archrival, ZTE Corp. , and comes as the company launches its first third-generation mobile handsets based on the WCDMA standard popular in Europe.

Huawei's Wireless Product Line President Xu Zhijun, speaking at a press conference, did not give a figure for its mobile phone sales last year.

Unlisted Huawei, which already makes 3G handsets based on CDMA 2000, the other major 3G standard, said one of its two new WCDMA handsets would be a low end model expected to sell for less than $150. The other would be a higher end unit that will retail for $400-500.

It said the handsets would go into batch production in February, but declined to give any sales targets or potential customers.

One customer is likely to be Hong Kong's Sunday Communications Ltd. , which is purchasing most of its 3G networking equipment from Huawei. In making WCDMA handsets, Huawei will be competing with the likes of Nokia and Motorola Inc. , the world's number one and two handset makers, as well as NEC Corp. , LG Electronics and Sanyo Electric Co. Ltd. .


http://asia.news.yahoo.com/041115/3/1rkbs.html