Huawei smartphones: where Hollywood meets Silicon Valley
So while California snoozes, London eagerly offers a helping hand because the added production aids its own economy, providing more business for restaurants, travel companies and numerous local businesses. "The lesson here is four words -- California legislature is stupid," Matt Galsor, a partner at Greenberg, Glusker, Fields, Claman & Machtinger, which represents the likes of Tom Cruise and James Cameron, told TheWrap. "Every dollar that they incentivize to bring into the U.K. generates incredible revenue. They are printing money by this scheme. We in California are too inept to get it through because it may look like you are giving incentives to people who are not poor." It shows.
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Huawei, founded in 1987 by Ren Zhengfei, a former People's Liberation Army officer, has repeatedly denied it has links with the Chinese government or military and has said it receives no financial support from the government. MAKING A SPLASH Huawei expects sales of its consumer devices to increase to $9 billion this year from $8 billion last year, and predicts it will ship around 60 million smartphones - double last year's total, when the consumer business group brought in 22 percent of the group's total 220 billion yuan ($36 billion)revenue. By 2017, almost all mobiles sold in China will be smartphones - about 460 million of them, according to research firm IDC said - as increasingly wealthy consumers opt for more feature-filled phones. To get a bigger slice of that market, Huawei needs to improve its brand image, analysts say, to compete with Apple Inc and Samsung Electronics, aspirational brands that draw devotees to product launches and see fans queue for hours for the latest gadgets. "Most of the time they only deal with telecom operators so they are not so familiar to deal with the retail distributors," said Huang Leping, a Nomura analyst based in Hong Kong. "In terms of industrial design they have improved but I think the biggest obstacle is brand awareness, consistency and quality given they are very new to non-Chinese consumers." An Interbrands 2012 "Best China Brands" report did not include Huawei even in the top-50.
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Hollywood's Mermaid, Esther Williams dies at 91
I can see why she became popular with audiences. There was an unassuming quality about her. She was certainly wholesome." Williams was born in the Los Angeles suburb of Inglewood on August 8, 1921.
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