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The order is significant but is lower than SwitchCore's previous
estimate of the company's business with Huawei-3Com for 2004. As a
result, SwitchCore estimates that SwitchCore`s growth for 2004 will
be on a par with the market as a whole, i.e. around 15-20% for the
year.
"With the exception of Huawei-3Com, we have seen positive sales
trends for other customers during the year and we believe that
China will continue to be a very attractive market for us in the
future," says Henric Isacsson, SwitchCore's CEO.
Lund-based SwitchCore has a long-term partnership with
Huawei-3Com, one of China's leading suppliers of computer and
telecom equipment.
SwitchCore AB develops, markets and sells integrated network
devices for data and Internet communication. The core of
SwitchCore`s expertise is in its CXE technology, which allows for
significantly higher data and Internet switch capacity. Besides
Lund, the Company also has offices in Stockholm, Sweden, San Jose
and Boston, USA, and Singapore.
More information: Switchcore
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