Wall Street PR

T-Mobile US Inc (NYSE:TMUS) Alleges Huawei Technology Co Ltd Of Stealing Technology From Its Lab

Boston, MA 09/08/2014 (wallstreetpr) – T-Mobile US Inc (NYSE:TMUS) has filed a complaint against Huawei Technology Co Ltd of stealing technology from the company’s Bellevue, Washington headquarters.

Breaching Contracts

On Tuesday, T-Mobile US Inc (NYSE:TMUS) filed a lawsuit in Seattle against the China-based smartphone manufacturer. It accused Huawei of stealing the company’s novel technology like a part of a robot arm’s from its laboratory. In the lawsuit, it said that Huawei’s employees gained illegal access to the company’s Bellevue lab and stole components of a smartphone testing robot, named Tappy. Additionally, the employees, who were suppliers to T-Mobile previously, also copied operating software and some design details from the lab. T-Mobile charged Huawei of violating the confidentiality deal that the two companies had signed.

In the complaint, T-Mobile US Inc (NYSE:TMUS) provided a detailed explanation of the kind of theft that occurred in the lab in May, 2013. It said to have a camera recorded evidence of Huawei’s employees stealing Tappy’s arm and keeping it away in their laptop bag. The mobile manufacturer, that uses the robot to test smartphones more efficiently and quickly, claimed that the Chinese phone maker is now developing its own robot testing from the stolen idea.

Huawei Acknowledges Allegations

T-Mobile US Inc (NYSE:TMUS) did not state a specific amount it sought as compensation for the said damages that were caused in 2012 and 2013. It however said that adopting a new supplier for handsets now would cost the company millions of dollars. In this context, a Huawei spokesman said that the company has already taken action in this regards and has expelled the two employees caught guilty in the matter. He further acknowledged that T-Mobile’s complaint is just and said that the company would extend all its support in the court proceedings while protecting the company’s own rights and interests.

T-Mobile US Inc (NYSE:TMUS)’s allegations against Huawei however little impact on the company’s growth as it continues to expand in the European and other developing markets.

Published by Alan Masterson

Alan has over 25 years of trading experience in the U.S. equity markets. He began his career in finance working on a program trading desk specializing in over-the-counter stocks. His career progressed from that point to his current position as senior trader on an institutional trading desk. In the evenings, Alan teaches economics at a local community college. He has contributed articles to various publications over the last six years, including feature articles for an economics magazine and various financial blogs. You may contact Alan via his email (alanmasterson@cablemanpro.com) or his Google+ page (https://plus.google.com/103338576216002376250).