No more Huawei-Symantec
Huawei-Symantec is no more. Last night, Huawei, the China telecom giant has bought the remaining 49% of Symantec shares for USD530 million.
The joint venture was initially set up in 2007 to focus on 3S – Server, Storage and Security. With the consolidation under one owner, and one name, Huawei will continue to focus on the 3S. And since Huawei owns telco as well, a lot of the 3S solutions will come into play and it is likely that Huawei will become a cloud player as well.