Most Americans probably are not intimately familiar with Huawei (pronounced "Wa-way," as if Gilda Radner of Saturday Night Live fame were asked to pronounce the name). The company's founder, Ren Zhengfei is a former officer of the People's Liberation Army.
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Meanwhile, Ren has gone about building Huawei into a success story disregarding the usual corporate niceties. In 2000--three years before the WMD craze got us all nutso about taking out Saddam--the CIA accused Huawei of secretly selling a communications system to Iraq. In the final report of the Iraq Survey Group, Huawei and two other Chinese companies were singled out for carrying out "extensive work in and around Baghdad"--mainly telecommunication switches and the installation of fiber-optic cable.
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But if at all possible, business doesn't let politics intrude. So it is that Friday we learned that Bain Capital is paying $2.2 billion to acquire 3Com. Part of the deal involves China's Huawei Technologies, which will acquire a minority stake in 3Com.
And, oh, by the way, Mitt Romney, the former Massachusetts governor running for the Republican presidential nomination--he headed Bain Capital for 14 years.
http://www.news.com/8301-10784_3-9787815-7.html?part=rss&subj=news&tag=2547-1_3-0-5_________________________________________________________________________________
I am aware that it is a bit difficult to understand the text above due to the 4 paragraphs rules. So read the whole article.
Basically it points out that Mitt Romney cannot be unaware of a former Chinese communist leader trying to acquire a US major technological asset.