Released on = May 23, 2007, 12:32 am

Press Release Author = Huawei & Symantec

Industry = Telecommunications

Press Release Summary = Symantec Corp. (Nasdaq: SYMC) and Huawei Technologies Co.,
Ltd. (Huawei) today announced that the two companies are forming a joint venture
company. The new company will develop and distribute world-leading security and
storage appliances to global telecommunications carriers and enterprises.

Press Release Body = Bangalore, May 23, 2007: Symantec Corp. (Nasdaq: SYMC) and
Huawei Technologies Co., Ltd. (Huawei) today announced that the two companies are
forming a joint venture company. The new company will develop and distribute
world-leading security and storage appliances to global telecommunications carriers
and enterprises.
Businesses around the world are building and maintaining IP networks and IT systems
that support a growing number of connections. This requires balancing increasing
performance and availability requirements with system security and data integrity.
The joint venture will help carriers and enterprises effectively address these
challenges by offering security and storage appliances that are easy to implement
and maximize value to customers. According to IDC, the global security and storage
appliance market is $23 billion today, and the market in China is forecast to exceed
$1.1 billion.
"Symantec is a software leader that offers world-class security and storage
technologies that our customers are demanding," said Ren ZhengFei, chief executive
officer, Huawei. "The partnership with Symantec is part of Huawei's All IP and FMC
Fixed mobile convergence strategy. Network security will definitely form the
foundation as telecom networks migrate toward an All IP environment. The
partnership will enable us not only to provide leading network security solutions to
carriers, but also to deliver professional security and storage solutions to
enterprises, helping our customers build a safer and more efficient network."
The new company will be headquartered in Chengdu, China, with Huawei owning 51
percent of the joint venture and Symantec owning 49 percent. Huawei will contribute
its telecommunications storage and security businesses including its integrated
supply chain and integrated product development management practices. Additionally,
the new company will have access to Huawei's intellectual property (IP) licenses,
research and development capabilities, manufacturing expertise and engineering
talent, which includes more than 750 employees. The joint venture's services and
support infrastructure will draw upon Huawei\'s successful model for customer service
and technical support, including worldwide technical support and call center
operations.
"Huawei and Symantec agree that we need to constantly innovate and develop new
solutions to keep pace with the evolving risks and increased availability
requirements facing service providers and enterprise customers," said John W.
Thompson, chairman and chief executive officer, Symantec. "Huawei's world-class
product development and manufacturing capabilities joined with Symantec's leading
edge security and storage software technologies will offer unique solutions that
will give customers more confidence that their systems are secure and available."
Symantec will contribute some of its leading enterprise storage and security
software licenses, working capital, and its management expertise into the new
company. Symantec will also contribute $150 million toward the joint venture's
growth and expansion.
The joint venture is expected to close late in the calendar year, pending required
regulatory and governmental approvals.


About Huawei Technologies
Huawei Technologies is a leader in providing next generation telecommunications
network solutions for operators around the world. The company is dedicated to
providing innovative and customized products, services and solutions to create
long-term value and potential growth for its customers. Huawei's products and
solutions are deployed in over 100 countries and serve 31 of the world's top 50
operators, as well as over one billion users worldwide. For more information,
please visit http://www.huawei.com

About Symantec
Symantec is a global leader in infrastructure software, enabling businesses and
consumers to have confidence in a connected world. The company helps customers
protect their infrastructure, information and interactions by delivering software
and services that address risks to security, availability, compliance and
performance. Headquartered in Cupertino, Calif., Symantec has operations in 40
countries. More information is available at www.symantec.com.



Web Site = http://www.huawei.com

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