China Acquisition Woes
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The headquarters building of Huawei Technologies, China's biggest maker of telecommunications equipment, is seen in Shenzhen, in south China's Guangdong province Tuesday Aug. 9, 2005. On Wednesday Feb. 20, 2008, private-equity group Bain & Co. and Huawei Technologies Co., a Chinese maker of network gear, withdrew a request for U.S. government approval of their US$2.2 billion (€1.5 billion) bid to buy 3Com. The companies said they were unable to satisfy national security concerns. U.S. lawmakers and officials had expressed concern that sensitive technology could be transferred to China through Huawei's 16.5 percent 3Com stake. (AP Photo)