Huawei Ranked 5th Most Innovative Company in the World

PLANO, Texas, Feb 26, 2010 (BUSINESS WIRE) -- Fast Company, the highly-respected and award-winning US-based monthly magazine, has ranked Huawei the fifth most innovative company in the world for 2010, behind only Facebook, Amazon, Apple, and Google. Huawei was the only new-entrant to the list of the top five most innovative companies.

Fast Company credited Huawei's strong business growth in 2009 to its leadership in customer-centric innovation. In an article in the March 2010 issue, Fast Company said of Huawei: "Huawei Technologies shot past Alcatel-Lucent and Nokia Siemens in 2009 to become the world's No. 2 telecom-equipment provider, powered by quality and product upgrades ... in the past year, it has won a slew of lucrative, prestigious contracts ... the sum of these deals was good enough to double Huawei's global market share."

Commenting on this honor, Charlie Chen, senior vice president, marketing and product management of Huawei USA said: "One of Huawei's key differentiators is our customer-centric innovation strategy that is focused on understanding operator needs and rapidly delivering customized network solutions to create maximum value. It is a long term investment towards continuous innovation designed around close partnerships with operators to overcome challenges and achieve business success."

Huawei has a deep and longstanding commitment to innovation:

-- Ranks No. 2 in global patent filings, with 1,847 in 2009, according to the United Nations World Intellectual Property Organization patent list

-- In 2009, 46 percent of Huawei's employees were dedicated to R&D

-- As part of a worldwide integrated product development process, Huawei operates 17 global R&D centers and operates over 22 joint innovation centers with its customers

-- Huawei has successfully deployed the world's first LTE (long-term evolution) commercial network for TeliaSonera in Oslo, Norway

Fast Company's Top 50 of The World's Most Innovative Companies can be found at www.fastcompany.com/mic/2010.

http://www.marketwatch.com/story/huawei-ra...nk=MW_news_stmp

http://www.marketwatch.com/story/huawei-ra...nk=MW_news_stmp

Up to about two decades ago, Huawei was still a little known small local privately owned "low tech" company.

In 10-15 years time Huawei will dwarf Western multinationals in market value.

That is precisely the reason that the United States hates China. China has a huge home market and it's growing larger. For example, China is the world's largest car market and it's still growing rapidly. A Chinese engineer costs a lot less than an American engineer. Based on Taiwanese work habits and assuming similar behavior for mainland workers, Chinese engineers work longer hours than American engineers.

When you look at these factors, Huawei and other Chinese companies may very well steamroll their Western competition in the next 10 to 15 years.

http://www.forbes.com/feeds/afx/2009/11/05/afx7091177.html

"Thomson Reuters

UPDATE 2-China's Huawei wins largest LTE deal in Europe
11.05.09, 12:22 PM EST

By Aasa Christine Stoltz and Joergen Frich

OSLO, Nov 5 (Reuters) - China's Huawei has won a contract to build Norway a fourth generation (4G) mobile network, replacing the older networks of market leaders Ericsson ( ERIC - news - people ) and Nokia ( NOK - news - people )Siemens ( SI - news - people ) Networks in their own backyard.

The deal, announced on Thursday, is the largest one so far for the new LTE technology in Europe, making it a milestone for secretive, state-tied Huawei.

Norway's Telenor said the deal was worth 1 billion crowns ($175.4 million) over the next five years. It said that Starent would supply the core network as part of the deal.

'This deal is hugely significant in the grand scheme of things. Remarkably, Telenor has chosen to replace Ericsson and Nokia Siemens Networks with non-Scandinavian network partners,' said analyst Paolo Pescatore from CCS Insight."

ten years ago, Huawei was not even list in the top 20 list, it sold what ever the others did not want to sell at paper thin margin in low-end products. today, most Huawei's old rivals where bankrupted or merged into other players, and Huawei still pass them on revenue and profit. actually not many have revenue growth and still in profit except the Chinese companies in the same industry. People looks for good product, advance technology in competitive prices --- Huawei has all of these. Its has well educated and trained engineers pay at fraction compare with Western engineers yet Chinese engineers are willing to work over-time without pay or little pay.

things changed completely just in 10 years. it is an amazing decade for Huawei.

Just read an article about the supper powers. the summary is,

1) military power is accumulate power of the pass.
2) economic power is current power status.
3) technology is power of the future.


click at this link, you will see the rising power who doubles the R&D budget every 2 or 3 years.
China was barely match a small country in EU in 20 years, now in line with or has passed the US.

http://biz.thestar.com.my/news/story.asp?f...mp;sec=business