Huawei Technologies and Symantec join hands

Bangalore

May 23rd, 2007

Symantec Corp. and Huawei Technologies 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. According to Ren ZhengFei, COO, 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 CEO, Symantec.

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.