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Technology Stocks : Ciena (CIEN)

CIEN 201.51

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From: FJB	4/30/2010 8:08:52 AM
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Government slaps ban on Chinese equipment The Department of Telecom (DoT) has requested India's network operators to halt any imports of equipment from any Chinese vendors, including Huawei and ZTE, because of potential security concerns, reports The Hindu Business Line. If that ban isn't lifted soon it could seriously hurt the duo's plans to play major roles in 3G network rollouts, and delivery of smartphones, in India once licenses are awarded and network planning begins. The DoT's move appears to be an extension of an earlier order, issued in December 2009, which requires operators to seek clearance from the DoT before any equipment purchase orders are placed. It's believed that move was intended to intercept any orders heading to China. But the new rule appears to have affected all planned equipment purchases, whether they were due to be placed with Chinese vendors or not, as no orders have been approved since mid-December, according to a report by Voice&Data. lightreading.com;

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