Insight: For Cisco and Huawei, a bruising rivalry reaches stalemate

By means of Jeremy Wagstaff, Sinead Carew and Jim Finkle (Reuters) – Cisco Systems Inc and Huawei Technologies Co, two of the sector's greatest communications equipment makers, were slugging it out for a decade now – in courtroom, in rising markets, within the lobbies of government and even on blogs. Past this month Cisco CEO John Chambers admitted in an earnings name that political dynamics had been stymieing his firm's lengthy march into Huawei's outside. Requested whether or not the up to date U.S. spying scandal used to be affecting in another country trade, Chambers said it was having an impression, in particular in China, which is Cisco's biggest rising market u . s . a . but represents less than 5 p.c of its complete revenue. Huawei has also admitted one thing of a defeat within the United State for service equipment, which money owed for more than 70 p.c of its world revenues.