Huawei refusal provokes headache for Obama
China Daily | Updated: 2011-02-16 07:51
SHANGHAI - China's Huawei has refused to back down after a US Congress panel voiced security concerns about the technology giant's acquisition of US computer technology and shunted the issue to US President Barack Obama, a report said on Tuesday.
Huawei said it would suffer "significant damage" to its brand and its reputation if it was forced to go back on May's $2 million deal in which the Chinese outfit acquired the computer company 3Leaf Systems, according to a report in the Financial Times (FT).
The report cited Huawei as saying that the decision not to back down means Obama himself must decide whether the company must reverse the deal.
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