Reborn in 2010, the AI in my mind is too powerful.
Chapter 187 Uniview Technologies Before It Was Born
Hangzhou H3C, officially known as H3C, has a very complex origin, being the result of a friendship between two companies, one Chinese and one American.
June 2002, Atlanta Telecom Show, USA.
Huawei's full range of data communication products made its official debut in the United States. Performance is comparable to Cisco, but prices are 20% to 50% lower. Huawei is very confident, publishing articles in mainstream media such as the Wall Street Journal, claiming that their only difference is price.
Even the background image for the game was deliberately chosen to feature the Golden Gate Bridge in San Francisco, which is Cisco's logo.
This highly provocative "GG" thoroughly enraged Cisco. After secretly visiting Huawei's booth, then-CEO John Chambers immediately established a task force called "Countering Huawei" upon returning to the company. A dedicated message board was even set up on Cisco's intranet for global employees to discuss how to strike at Huawei.
On January 23, 2003, Cisco officially took action, filing a 77-page complaint in the U.S. District Court for the Eastern District of Texas, accusing Huawei of stealing its source code in multiple routers and switches and infringing on at least five patents.
They are demanding a legal ruling to ban the sale of Huawei products.
At the start of the lawsuit, American public opinion was almost unanimously convinced that Huawei had stolen Cisco's products. However, after repeated presentations of evidence by both sides and two hearings, the court rejected Cisco's request to order a ban on the sale of Huawei products.
Finally, on July 28, 2004, the two parties reached a settlement. Huawei agreed to modify its command-line interface, user manual, help interface, and some source code.
The general situation is quite clear: Huawei cannot be legally considered to have plagiarized, but it has indeed made some pixel-level imitations in certain aspects.
A crucial turning point in this lawsuit was the appearance of Bruce Claflin, CEO of 3Com, in court to testify on behalf of Huawei. He stated that Huawei had no issues regarding its intellectual property rights in data communication products.
The enemy of my enemy is my friend. Following this lawsuit, Huawei and the American company 3Com jointly established Huawei 3Com.
This company focuses on the data communication equipment market for government and enterprise users, mainly producing mid-to-low-end routers and other equipment. In addition to the technology and connections of both companies, they also have a good relationship with NEC Corporation.
Then something really funny happened.
Huawei and 3Com sell switches and routers under the Huawei brand in China, the 3Com brand in Europe and America, and the NEC brand in Japan, making them dominant in every market worldwide.
However, a few years later, due to Huawei's repeated failures in the PHS and CDMA markets, it was in dire need of funds. In order not to be left behind in the upcoming 3G era, it divested its low-end enterprise network business and focused on the telecommunications network market, selling all of its shares to 3Com.
The price wasn't low, but the cooperation between the two parties had been very pleasant and the parting was amicable. This money also helped Huawei overcome its difficulties at the time. Huawei also handed over all of its enterprise network business to H3C and signed an 18-month gentleman's agreement, meaning Huawei would no longer participate in the enterprise network business.
Finally, in 2007, after the transaction was completed, Huawei 3com was officially renamed H3C.
A few years later, the market situation changed dramatically, and 3Com, unable to make H3C a big and strong company, could only barely survive.
At this point, Huawei recovered and came back to help its old partner. This time, it wasn't just H3C; they even wanted to take their old partner to live in their own home.
They joined forces with Bain Capital to make a $22 billion takeover bid for 3Com.
As a result, the US government blocked the acquisition on national security grounds. Left with no other option, Huawei and Bain Capital withdrew their acquisition application.
In 2010, 3Com could no longer survive and sold itself to HP for $27 billion. As a result, H3C became a subsidiary of HP.
By 2011, HP was having a major headache with its subsidiary H3C in China.
Because H3C's Storage and Multimedia Business Unit manufactures video surveillance equipment, network cameras, back-end storage servers, and security management systems.
This business has always been a minor player compared to H3C's main network equipment business, generating revenue of a few hundred million RMB. However, it is also quite special. The security market in China is booming, with Hikvision and Dahua already leading the pack. H3C's video surveillance cables rank third, and it holds numerous procurement qualifications from government and public security departments.
But they are an American company. Just like Huawei was rejected when it tried to buy 3Com, HP felt that this business could very well be driven out of the Chinese market at any time.
At this point, Bain Capital, which had previously conducted a thorough investigation of H3C, reappeared.
They believe that H3C possesses a truly self-developed system platform, rare in the security industry, containing numerous usable patents. Even if it is eventually forced out of China by policy, it can still be sold for a profit.
Bain Capital is a rare type of controlling acquisition firm. They prefer to take control, join the board of directors, operate the business well, improve performance, and then sell it once they've done a great job.
Ultimately, after negotiations, they bought out this part of HP's business, which HP considered too risky, for 500 million RMB, and also acquired more than 200 related patents held by H3C.
After careful planning, Uniview Technologies was registered in Binjiang District, Hangzhou on September 2, 2011, with the official opening date tentatively set for December 2.
With Zhang Pengguo, the former president of the business unit, now serving as the CEO of the new company, Bain Capital has recruited many elites to fill various key positions and plans to build a sales team of 1,000 people both domestically and internationally to improve performance.
Everything seemed to be going smoothly according to plan, but at the end of October, a call came to Bain's Boston headquarters.
The head of Asian mergers and acquisitions at JPMorgan Private Bank directly told them that they wanted to acquire the fledgling company.
Bain's investment committee was very reluctant. They had put a lot of effort into the project and felt that, from all aspects, the seed had been planted and was just waiting to blossom and bear fruit.
However, the person on the other end was a bit scary; he was a notorious online troll in the US. They had to instruct their team, who was still in China, to be cautious and try their best to persuade the old man to leave.
On November 18, just two weeks before the opening, Chen Yiran and his team held negotiations with Bain Capital at the H11C campus.
You'll Also Like
-
Warlock Invasion of Naruto.
Chapter 330 25 minute ago -
The Great Martial Arts World: Hot Topics and Great Heroes
Chapter 563 25 minute ago -
The person who likes me is a yandere.
Chapter 105 25 minute ago -
Tonight, Alice joins the hunt.
Chapter 606 25 minute ago -
Douluo Continent: Long Live the Spirit Hall
Chapter 464 25 minute ago -
I was approached by a cat-eared girl.
Chapter 280 25 minute ago -
Marvel Universe's Ultimate Martial Arts School
Chapter 082 25 minute ago -
Douluo Continent: Ghost Rider, Heavenly Blade Burning Soul!
Chapter 94 25 minute ago -
Rampaging through American comics, people in my motherland don't eat beef.
Chapter 73 25 minute ago -
Primordial Era: Jade Cauldron Immortal only desires a steady path to enlightenment!
Chapter 120 25 minute ago