Huawei tweets it will debut its Mate 40 devices on October 22nd

Huawei has tweeted that it will reveal its Mate 40 series on October 22nd, likely the last of its phones to have Kirin chips— at least for the foreseeable future— due to the ongoing economic pressure from the US.

Richard Yu, CEO of Huawei’s consumer business unit, said at a conference August 7th that “this year may be the last generation of Huawei Kirin high-end chips.” The US has accused Huawei of building backdoors into network infrastructure, ostensibly to aid Chinese government spying efforts. Huawei has denied the Trump administration’s accusations of spying.

But the Trump administration placed Huawei and 114 of its affiliates on its Entity List in May 2019, which meant US firms were unable to sell technology to the company without explicit US government approval.

It also meant Google was barred from doing business with Huawei, preventing Huawei from obtaining an Android license, and keeping Google apps off Huawei devices. In May, the US Commerce Department issued an amended export rule to block shipments of semiconductors to Huawei.

That export rule prevented foreign manufacturers of semiconductors who use American software and technology in their operations from shipping their products to Huawei unless they first obtained a license from the US. The Taiwan Semiconductor Manufacturing Co. (TSMC), the largest semiconductor manufacturer in the world, reportedly halted orders for Huawei’s HiSilicon unit in May following the new US rule.

There’s no word yet on when the Mate 40 devices will ship to customers, but rumors suggest Huawei will introduce Mate 40 and Mate 40 Pro editions. The Mate 40 Pro is expected to have a 6.7-inch screen, with the Mate 40 coming in at 6.5 inches. Android Authority says the devices could be priced between €1,200 and €1,300 (or $1400 to $1500).

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iPhone 12: Apple finally set the date for its latest iPhone’s debut

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Angela Lang/CNET

This story is part of Apple Event, our full coverage of the latest news from Apple headquarters.

Apple has set the date for its latest iPhone’s debut. The new device, rumored to be called the iPhone 12, is expected to include superfast 5G wireless connectivity and a new, iPad-inspired design, and it will be unveiled on Oct. 13 at 10 a.m. PT. (1 p.m. ET, 6 p.m. BST). There’s no official word yet on price or release date, but here’s what the rumors say. Like Apple’s Worldwide Developers Conference, and its September Apple Watch and iPad announcements, the iPhone event will be held entirely online. The event will be streamed via Apple’s website, and here’s how to watch it.

Apple’s fall product launch this year is expected to touch off a wave of upgrade purchases, analysts say, with fans eyeing the iPhone’s rumored new 5G capabilities and boxier look, similar to that of the iPad Pro. A “staggering” 53% of respondents plan to buy this year’s iPhone, according to a survey by electronics reseller Decluttr. Flashier rivals — such as Samsung’s Galaxy Z Fold 2, with its foldable display, or Microsoft’s Surface Duo, with two screens sandwiched together — offer new spins on the standard metal-and-glass smartphone construction. But most consumers will likely be gravitating toward what they know.

And even if the new iPhone only offers a few new bells and whistles beyond a different outer design, it’ll draw the lion’s share of attention. Here’s what else Apple could announce on Oct. 13.

Apple’s invite, which often has some clues, this time has an Apple logo inside circles with different hues

OpenDrives Delivers Scale-Out Storage Capabilities with Debut of Powerful New Centralized Software Management System Atlas 2.1

Scales Software Capabilities to Support Enterprise-Grade Businesses Globally with Features Driving Scalability, Operational management, Performance Analytics, and Service Availability

OpenDrives Atlas

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Floating Software Screens
Floating Software Screens

LOS ANGELES, Oct. 07, 2020 (GLOBE NEWSWIRE) — OpenDrives, the global provider of enterprise-grade, hyper-scalable network-attached-storage (NAS) solutions, announces today the availability of Atlas 2.1, the next version of its software platform and file system that powers all OpenDrives storage solutions. Atlas 2.1 enables a scale-out storage architecture to accelerate performance, power, and flexibility of OpenDrives’ storage lineup, including the recently released Ultra Hardware series. Customers are now able to overcome significant constraints within key functional areas, such as scalability, operational management, performance analytics, and service availability. 

“Many people think of storage as purely hardware. While it underpins the processes and interconnections within a storage solution, it’s the software that drives true performance,” said Sean Lee, Chief Product and Strategy Officer at OpenDrives. “Debuting Atlas 2.1 is a significant step towards more fully software-defined storage solutions. We’re proud to reach this milestone, scaling OpenDrives as a boutique hardware company to provide enterprise-grade customers with software that, for the first time, provides customers with the infrastructure they need to enable performance scale-out storage capabilities.”

Atlas 2.1 includes features that allow companies to massively scale outward while maintaining scale-up performance. These features include: storage clustering, distributed file systems, containerization, conditional automation, centralized management and visibility, cloud storage support, and high-availability.

Storage Clustering allows individual scale-up devices, or nodes, to be aggregated together forming a cluster. This parallel distributed architecture enables balanced workloads among cluster nodes without sacrificing performance hits such as increased latency.

Containerization brings functions such as compute and the application itself closer to where the data resides in our storage. While many vendors commonly approach containerization from the compute side,

Asana jumps 10% in trading debut after opening at $4.2 billion valuation

NYSE trader


  • Asana jumped as much as 10% in its first day of trading on Wednesday.
  • The stock opened at $27 per share, 29% above its reference price of $21. The ensuing climb marked a 10% increase from the opening price.
  • With 155 million shares outstanding, Asana sported a valuation of $4.6 billion at its peak after opening at $4.2 billion.
  • Visit Business Insider’s homepage for more stories.

Asana jumped as much as 10% in its first day of trading on Wednesday, hitting a high of $29.79.

Asana is a work management software company based out of San Francisco. The firm went public via a direct listing rather than the traditional IPO route.

With a reference price of $21 per share, Asana opened at $27 per share in the first minute of trade, giving it a valuation of $4.2 billion. At its peak on Wednesday, Asana sported a valuation of $4.6 billion, based on about 155 million shares outstanding.

Asana was founded in 2008 and markets a web and mobile application designed to help teams organize, track, and manage their work. The firm counts other software based companies like SmartSheet and Atlassian as its competitors. 

Read more: BANK OF AMERICA: Buy these 29 high-quality value stocks primed to cash in on the economic recovery

According to its S-1 filing, Asana  reported fiscal year 2020 revenue of $142.6 million, representing year-over-year growth of 86%. Net loss in fiscal year 2020 was $118.6 million, more than double from the prior year’s loss of $50.9 million. 

As of January 31, the company had over 1.2 million paid users.

A direct listing differs from a traditional IPO in that a direct listing does not raise any money for the company going public. Instead, a direct listing allows employees and shareholders to