Huawei will rename the company and keep the research development centers in Beijing, Shenzen, Chengdu and Hangzhou. But in the six months ended Sept. 30, the company reported a tax benefit from losses by the venture, according to a U.S. Securities and Exchange Commission filing. Jack Clark Q4 The partners did not say how the joint venture's intellectual property would be allocated. "We do not anticipate many, if any, of the new company's employees being impacted, other than in a positive way, as a result of this transaction. that Symantec's management succeeded in its strategic goals of penetrating both the Chinese market and the hardware appliance market, Daniel Ives and James Moore, analysts with financial analyst firm FBR Capital Markets, wrote in a research paper discussing the sale. Pichai Security Information and Event Management is a key enterprise security technology, with the ability to tie systems together for a comprehensive view of IT security. On November 14, 2011, Beijing Time, Huawei and Symantec reached an agreement on a transaction where Huawei acquired Symantec's 49% stake in Huawei Symantec Technologies Co., Ltd. (Huawei Symantec) for US$530 million. Huawei Symantec, which was created as a joint venture in 2008, has Chinese offices in Shenzen, Chengdu, Beijing and a location in Cupertino, California. Huawei Technologies will buy out the rest of a joint venture with Symantec for US$530 million, the companies announced on Monday. Get a 20% American Eagle coupon with your new AEO Connected credit card, Get 25% Macy's coupons with email and text sign up, Download the mobile App for free Nordstrom coupons, 20% off 1st in-app purchase over $65 with Forever 21 coupon code, Video of Walter Wallace Police Shooting Sparks Protests in Philadelphia. Huawei Technologies will buy out the rest of a joint venture with Symantec for US$530 million, the companies announced yesterday. The venture, based in Hong Kong, was formed in 2008 to integrate Symantec storage and security software into appliances built with Huawei’s telecommunications equipment expertise. The companies held extensive discussions and decided it would be best to consolidate the venture under one owner, Salem said. The joint venture was disbanded in March 2012 when Symantec sold its share in the company to Huawei, which is headquartered in Chengdu, China. will The $530 million sale price represents a return of "approximately 3.5 times" the original investment in the joint venture, James Beer, Symantec CFO and executive vice president, said on the call.
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