NCSC advice to telecommunications sector about ZTE

Optical Stocks Under Pressure After US Bans Sales To ZTE

ZTE won't be able to use Qualcomm's hardware or (perhaps more importantly) the brand for the next 7 years.

The Department of Commerce has now learned that ZTE made false statements to the US government during the 2016 settlement negotiations as well as the 2017 probationary period.

The NCSC's letter cited a settlement agreed between ZTE and U.S. officials back in March, when the company was fined $1.2bn after pleading guilty to criminal charges of violating United States sanctions on North Korea and Iran. Four senior managers and 35 members of staff were supposed to either be shown the door or had their bonuses removed, though the firm apparently paid the full amount to the nefarious employees further infuriating Ross. Now, it seems that ZTE will have to resort to companies like MediaTek for SoCs to use in its handsets. Acacia Communications Inc. shares fell by 34.7%, a drop influenced by the fact that almost a third of the company's 2017 revenue came from ZTE.

The Department of Commerce has now determined ZTE made false statements to BIS in 2016, during settlement negotiations, and 2017, during the probationary period, related to senior employee disciplinary actions the company said it was taking or had already taken.

ZTE didn't respond to calls seeking comment that were made after business hours in China. ZTE has relied heavily on the Dolby Atmos brand as a selling point of its smartphones, boasting that the devices' Dolby-branded speakers are among the best available.

BJP Releases Second List Of Candidates For Karnataka Assembly Elections
In addition, candidates for Sindgi, Nagthan, Melukote, Kittur, Raichur and Shantinagar assembly seats have not been decided yet. CM Siddaramaiah is set to contest from Chamundeshwari putting an end to the two-seat theory.

Edge Wealth Management LLC Decreased Shire Plc (SHPG) Stake by $5.00 Million
Polygon Management Ltd increased its stake in Shire Plc (SHPG) by 5.68% based on its latest 2017Q4 regulatory filing with the SEC. The firm has "Neutral" rating given on Friday, October 13 by Citigroup. (NASDAQ:FB) rating on Thursday, July 27.

Yankees-Tigers doubleheader called off
The Detroit Tigers are coming off being swept by the Cleveland Indians and have just one win in five home games this season. The Tigers have a scheduled off day on Monday and then will start a three-game home series against the Baltimore Orioles.

Douglas Jacobson, an exports control lawyer who represents suppliers to ZTE, called the ban highly unusual and said it would severely affect the company.

The U.S. government recently put pressure on telecommunications companies to stop buying Huawei networking equipment and consumer electronics products.

ZTE, which devised elaborate schemes to hide the illegal activity, agreed to plead guilty after the Commerce Department took actions that threatened to cut off its global supply chain. The official, speaking on the condition of anonymity, said the timing of the ZTE action was unfortunate because it could seem related to USA steps to stop alleged theft of intellectual property.

The U.S. government had allowed the company continued access to the U.S. market under the 2017 agreement.

The denial order against ZTE comes amid brewing tensions between the USA and China that have raised concerns of a trade war between the world's two biggest economies.

Related News:



Most liked

Released Eagles CB Daryl Worley faces six charges
The Philadelphia Eagles have chose to terminate his contract and release Worley from their list of contracted players. Records show that Worley posted a portion of his $25,000 bail and has a preliminary hearing scheduled for May 1.

Tesla's chief said the company suffered because of the robots
Institutions own N/A of NRG Energy, Inc . (MCD) by 353.01% based on its latest 2017Q4 regulatory filing with the SEC. Given the stock's recent action, it seemed like a good time to take a closer look at the company's current data.

Shenmue Remaster Collection launching in 2018
Shenmue was released for the Dreamcast back in 1999, and was originally conceived as an RPG set in the Virtua Fighter universe.

Samsung Galaxy S9, S9+ top global smartphone ratings
Other rumors relating to the Samsung Galaxy Note 9 are that it will come with a fingerprint scanner that is under the screen . The XDA-Developers recently reported a list of unannounced Samsung smartphones, and one among them was the Crown .

Weibo reverses homosexuality policy in China: 'We're no longer targeting gay content'
In addition to gay people, the country's liberals who were enraged by the crackdown also made their voices heard. In response to the online protests, Weibo announced on Monday that LGBT content would be exempt from censorship.

Sensex, Nifty trade lower, Infosys shares fall 3%
The 50-share Nifty50 index closed the day 48 points, or 0.46 per cent up, at 10,528 with 34 stocks in the green. IT heavyweight Infosys fell over 3 per cent on lower-than-expected margin guidance for fiscal year 2018-19.

Man City are crowned champions
Yet, in order to do that, they would have to repeat performances like that one for the best part of the 38 matches. It is City's fifth English top-flight title, their last Premier League triumph having come in the 2013-14 season.

Russian Federation orders immediate block of Telegram messaging app
According to the court, Telegram will remain blocked in the country until it provides encryption keys to Russian authorities. Durov who fled the country in 2014 said that the company has "the luxury of not caring about revenue streams or ad sales".

Russia Never Supplied Dual-Use Technologies to Syria - Senior Lawmaker
President Donald Trump said a US-led missile attack on Syria's chemical weapons program was "perfectly carried out". What happens next, she said, is up to Assad and his Russian and Iranian allies.

Celtic Thrash Rangers To Reach Scottish Cup Final
The players themselves obviously felt confident after they beat Ayr 6-1. " Rangers have now got a challenge to finish second". But when it comes to one against one, you have to actually get up closer to your opponent than we did in the first period.

Flood Watch Issued For London And Area
Thunderstorms are expected to arrive just before or during the Monday morning commute according to the NWS. A lot of rain is falling in a short amount of time, causing flooding, traffic, and accidents on the road.

PBT Extra Preview: Minnesota Timberwolves vs. Houston Rockets
The Houston Rockets are averaging 112.4 points on 46 percent shooting and allowing 103.9 points on 46.2 percent shooting. The Timberwolves finished 47-35 on the season, one game ahead of Denver to earn the final playoff spot in the West.

Mourinho slams United as they hand title to City
Kompany was on hand in the wake of United handing the title to City to offer his take on Pep Guardiola's side securing glory. Apparently club superstars like Claudio Bravo and Phil Foden would be playing in City's final game of the season as well.

United Kingdom jets fire at Syrian base in 'limited and targeted' strike
For his part, the leader of the UK Independence Party (UKIP), Gerard Batten, opposed the British military action in Syria. May said intelligence and open source accounts indicated that the regime was behind the attack in Douma last Saturday.

Mother Arrested After 2-Year-Old Tests Positive For Meth
She had been working with infants at the time of her arrest and had been employed full time at the facility for three years. Readings also indicated the child was exposed to the drugs a lot of times or at least on more than one occasion.