Huawei Technologies Co., China’s biggest maker of phone network equipment, forecast a 10 percent increase in sales this year after posting record earnings on rising demand from wireless carriers for gear.
Nokia Oyj, working to complete the sale of its mobile-phone division to Microsoft Corp., said the 5.44 billion-euro ($7.5 billion) transaction will be delayed until next month as Asian regulators review it.
Riverbed Technology Inc. has received no “credible” bids from buyout firms and shouldn’t have been targeted by activist shareholders, Chief Executive Officer and Chairman Jerry Kennelly said in an interview.
Huawei Technologies Co., China’s largest phone-equipment maker, forecast its enterprise business will accelerate growth, targeting $10 billion in revenue by 2017 by winning contracts in cloud hosting and digital networks.
Huawei Technologies Co., the world’s third-largest smartphone maker, forecast it will sell as many as 100 million smartphones this year, nearly twice the 2013 level, as it focuses on higher-end devices rivaling Apple Inc.’s or Samsung Electronics Co.
Riverbed Technology Inc., the network-equipment maker being pushed to sell itself by an activist investor, has received interest from private-equity firms above the $21 a share offer it rejected yesterday, people with knowledge of the situation said.
Activist investment firm Elliott Management Corp. boosted its offer to buy Riverbed Technology Inc. by 11 percent to $21 a share, or $3.36 billion, after the network-equipment maker rejected an earlier bid as too low.