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Tuesday, March 27, 2012
Symantec Dissolves Alliance With Huawei
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Symantec has reportedly disolved a joint venture Huawei Technologies, as Symantec feared the alliance with the Chinese company would prevent it from obtaining United States government classified information about cyberthreats.
Huawei Technologies and Symantec teamed up four years ago to develop computer network security products.
Citing unamed sources,
The New York Times
reported today that Symantec's decision was "a pre-emptive political maneuver timed to coincide with the United States government's efforts to share more classified cyberthreat information with the private sector." The report added that Huawei had already laid off several workers in Huawei Symantec's Silicon Valley offices this month and planned to move its entire operation out of the United States, largely because of increased American government oversight.
In the next two weeks, Symantec is expected to sell its 49 percent stake in the venture to Huawei for $530 million.
A U.S. information-sharing pilot program called the 'Joint Cybersecurity Services Pilot' is expected to offer information to military and antivirus companies, like Symantec, and network providers.
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