ZTE back in business for now but shares tank by 42%
A humbled and diminished ZTE has resumed trading after making extensive concessions to the US, but investors almost halved its market value. ZTE stock resumed trading on the Hong Kong exchange...
View ArticleBattered and bruised ZTE takes another 10% hit
Shares in ZTE have continued to tumble, with another 10% being wiped off share price on Friday, while the threat of a trade war lurks in the background. Even meeting US demands of hiring a new board,...
View ArticleSenate puts stoppers on Trump’s plan to save ZTE
The US Senate has voted 85 to 10 in favour to reinstate penalties on ZTE, despite President Trump’s attempts to ease pressure on the business and effectively save it from extinction. The move from...
View ArticleZTE’s prostration at the feet of US regulators continues
As the future of Chinese kit vendor ZTE continues to hang in the balance, it’s doing everything it can to demonstrate contrition to its US tormenters. ZTE had its 2017 AGM recently and it was...
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US throws ZTE a lifeline
It looks like ZTE’s kowtowing to US regulatory authorities is paying dividends, as it has been granted permission to conduct some limited business activities there. Having thrown everything at the...
View ArticleZTE celebrates temporary reprieve by replacing President and senior...
The cleaning of the ZTE Augean stables continues apace with the replacement of its President, CFO and EVPs. Having been appointed at the start of this week, ZTE’s eight-person board wasted little time...
View ArticleZTE’s export ban is set to be lifted
The US Commerce Department has signed an agreement with to lift the export ban on ZTE. In keeping with the style of the current US administration the move was communicated via a tweet. Our statement on...
View ArticleZTE shares spike after it’s officially let off the hook – for now
Embattled Chinese kit vendor ZTE has announced its US export ban has been lifted, which prompted a 16% jump in its share price. Last week the US Department of Commerce tweeted that it would lift the...
View ArticleTrump on the receiving end of Twitter moans over ZTE compromise
Any decision surrounding the ZTE saga was going to attract criticism, but now that the US has finally decided to let it off the hook, President Trump is starting to receive a dose of his own...
View ArticleUS Democratic candidates told Huawei and ZTE are a no-no
Democratic National Committee (DNC) has warned candidates against using devices manufactured by either ZTE or Huawei due to the threat the pair pose to US national security. With tensions on the rise...
View ArticleUS effectively bans ZTE and Huawei from any valuable government work
President Trump has now signed the Defense Authorization Act into law, effectively banning the use of ZTE and Huawei components in many government or state-funded projects. The new rules should hardly...
View ArticleJapan is reportedly thinking about blocking Huawei and ZTE too
Hot on the heels of the Australia ban it is now being reported that Japan is thinking of taking similar action. This definitely needs to be filed under ‘unsubstantiated rumour’ at this stage, but is...
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ZTE loses another billion bucks but expects a profit in Q3
ZTE has, for some reason, decided to report earnings for the nine months ending 30 September 2018 and while they’re not good, they could be worse. The numbers can essentially be broken down into...
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ZTE rediscovers profit at the conclusion of a nightmare year
Chinese kit vendor ZTE actually managed to turn a profit in Q3 2018 now that everyone has stopped victimising it. The RMB 564 million was still down 65% year-on-year, but compared to the utter car...
View ArticleGermany reportedly mulls Chinese kit vendor ban for 5G
Germany is the latest ‘western’ country rumoured to be thinking of prohibiting Huawei and ZTE from its participating in its 5G infrastructure. This is according to a report from Reuters, which claims...
View ArticleZTE may be in trouble with the US yet again
Reports indicate ZTE is suspected of being naughty, yet again, with respect to US government conditions for being able to operate there. Reuters had got hold of a letter from a couple of US senators,...
View ArticleUSA declares war on Huawei, with a bit of help from ZTE
The arrest of Huawei’s CFO was the culmination of years of investigation by the American government and judiciary, with an apparent helping hand from ZTE. When Ms. Meng Wanzhou, Huawei’s CFO, was...
View ArticleNokia has a great week by simply not screwing anything up
Christmas has come early for Finnish kit vendor Nokia, with its competitors bestowing it with presents of breath-taking generosity. Huawei was the first to smash through the secret Santa threshold, at...
View ArticleGoing under the hood of Qualcomm Snapdragon 855: plenty to like
More details of Qualcomm’s first 5G chipset have been released, bringing all-round improvements, and a 5G chipset for PCs was also announced. On the first day of its annual Snapdragon Technology...
View ArticleJapan is the latest country to prohibit Chinese vendors in 5G networks
Huawei and ZTE have been dealt another blow ahead of the 5G bonanza as Japan’s four operators join the government in snubbing Chinese communications equipment. According to Nikkei Asia Review, the...
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