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Huawei rejects reports of security weakness

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January 15, 2014 12:50 AM EST | AP


BEIJING (AP) — Chinese tech giant Huawei has rejected suggestions its telecoms equipment is vulnerable to hacking and forecast a rise in 2013 profit of nearly 50 percent.

Chief financial officer Cathy Meng rejected as "groundless" reports that Huawei equipment might be more vulnerable to security threats. She said there have been "no security incidents" for customers.

The German magazine Spiegel reported last month that the U.S. National Security Agency installed secret "back doors" in telecoms equipment made by Huawei and other companies. Earlier, some researchers said they found vulnerabilities in Huawei routers.

Meng announced that Huawei expects a 2013 operating profit of 28.6 billion yuan to 29.4 billion yuan ($4.8-$4.9 billion). That would be an increase of 43 to 47 percent over last year's operating profit of 19.96 billion yuan.