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Huawei will not be beaten to death despite $30b hit: Ren Zhengfei

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Huawei ban: Winners, losers, and what’s at stake (a whole lot)
ZDNet’s Jason Cipriani and Jason Perlow talk with Karen Roby about how the security and trade brouhaha impacts everything from the future of regional carriers and the bottom lines of tech giants to 5G’s prospects and consumer’s pocketbooks. Read more: https://zd.net/2WzVRbq

After finishing with revenues over $100 billion — 721 billion yuan — for 2018, Huawei is expecting to drop $30 billion of revenue from its forecast due to the trade war with the United States.

“In the next two years, I think we will reduce our capacity, our revenue will be down by about $30 billion compared to forecasts,” Huawei founder Ren Zhengfei said in Shenzhen on Monday.

“Our sales revenue this year and next will be about $100 billion.”

Ren said over the next two years, the Chinese giant would look to switch out some of its technical foundations, which could hit US component makers, after which the company would become stronger.

“We are strong, I think there is no way we will be beaten to death,” he said.

Ren also confirmed that Huawei’s international smartphone shipments had dropped by 40%, but said Chinese growth is “very fast”.

On the recent sale of its subsea cable business, Ren said the decision was a not a swift one.

“We were quite successful in that business,” he said. “It’s not because we were attacked and the business went badly, and sold it.”

“We thought that’s not part of our core business that’s why we decided to sell it, and for the other businesses we will not have spin-off or sale — we might shrink our size.”

Ren claims historic IP thefts not possible

The Huawei founder brushed aside accusations of intellectual property theft by the company, saying the company has always behaved itself.

“Even if we were small, we have very strong business ethics and integrity, otherwise we cannot come to where we are today,” Ren said.

“The claims of Huawei theft of IPR, that’s not possible.”

Ren’s statement will likely draw raised eyebrows in Cisco headquarters, which sued the Chinese giant for infringing on its patents and copying its source code in 2003.

Almost a decade later, Cisco called Huawei out for stating the suit was unjustified, and challenged Huawei to release an expert report from the time of the incident.

“In fact, within a few months of filing suit, Cisco obtained a worldwide injunction against sale by Huawei of products, including our code for a Cisco-proprietary routing protocol called EIGRP, and Huawei publicly admitted that the code had been used in their products and they pledged to stop,” Cisco’s senior vice president, general counsel, and secretary Mark Chandler said at the time.

Huawei is currently facing charges in the US for allegedly stealing trade secrets from T-Mobile. The alleged activity occurred during 2012-13, and relates to Huawei’s attempts to build a robot similar to the one T-Mobile was using at the time to test mobile phones.

The US indictment related to the case alleges Huawei offered bonuses to employees for stealing information, before needing to clarifying for its US employees that such behaviour would be illegal.

“The charges unsealed today clearly allege that Huawei intentionally conspired to steal the intellectual property of an American company in an attempt to undermine the free and fair global marketplace,” FBI Director Christopher Wray said in January.

The Chinese giant has pleaded not guilty.

Speaking on Monday, Ren said although Huawei has a large number of patents, it has not been aggressive in seeking royalties from other companies.

“Over the past eight years, we were not aggressive seeking IPR royalties to companies that use our IPR, that’s because we were busy pursuing our business growth,” he said.

“We may try to get some money from those companies who use our IPR, but we will not be as aggressive as Qualcomm.”

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Check out the 2+2 Chevrolet Corvette that never was

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The 60s was an iconic era in the automotive realm in the United States, with some incredibly popular cars getting their start then Vehicles like the Ford Mustang, Chevrolet Camaro, Chevrolet Corvette, and Dodge Charger, to name a few. Sometimes it takes one vehicle to change the industry and spawn many similar products from the other automakers. Case in point is Ford and its Mustang, which kicked off the pony car era eliciting responses with other iconic vehicles.

Another of the iconic Ford vehicles in the era that sold extremely well was the Thunderbird. The Thunderbird routinely outsold the Chevrolet Corvette. Early in its production, the Thunderbird was a two-seat sports car very similar to the Corvette. It grew in later generations, becoming a 2+2, offering a back seat to carry more passengers. The vehicle in the image above looks like the iconic 60s split-window Corvettes that are so valuable today, but there’s a key difference.

The difference is readily apparent when you look at the side view image in the Instagram post below, where General Motors Design shared photos of a one-off design buck. A design buck is essentially the shell of the vehicle used by automotive designers of the day to get the vehicle’s design just right. This particular example was never powered and never cruised the streets.

The car was a response to the Thunderbird, adding backseats to the Corvette in 1962. Sadly, the 2+2 Corvette was never built, and reports indicate the design buck was later crushed. Another interesting tidbit is that GM reportedly brought in a Ferrari to help with the styling and proportions of the car.

As for what finally became of the project, a GM executive named Bunkie Knudsen, who was part of the styling team but wasn’t a fan of the project, reportedly worked to get the project scrapped. He believed it would taint the Corvette brand and wouldn’t sell in large enough numbers to justify building it. The only Corvettes ever sold by GM have all been two-seat sports cars.

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Alpha Motors Superwolf is a completely decked out electric pickup

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Alpha Motors unveiled a new version of its all-electric pickup called the Superwolf. The difference between this particular version of the truck and the ones that have been shown before is that the Superwolf is completely decked out with all sorts of accessories you might expect to find only on the aftermarket. One of the more interesting accessories seen on the truck is tube doors similar to what you commonly see on Jeeps.

Superwolf also has custom KMC wheels with large off-road tires, a custom front bumper with tow rings and skid plates, as well as a complete roof rack featuring an LED light bar and large locking case. In the bed of the truck is a rack that adds more style to the truck and supports the roof basket.

Under the doors are also compact step rails that look like they are intended to protect the vehicle’s body while off-roading. The truck also features wide fender flares and looks fantastic in general. Other interesting features of the truck include a bed cover that appears to be made out of aluminum and a rack that spans the bed allowing for items to be attached on top of the bed itself.

Several other accessories are available for the truck, including a bed extension and more. Other than the accessories, Superwolf features a driving range of up to 300 miles per charge. It has two motors for four-wheel drive and can reach 60 mph in 6.5 seconds. The truck has a tow rating of 6724 pounds and features a rapid charger with battery cooling and heating.

The truck’s interior can hold four passengers and has a digital display for the driver along with the wide-format center display. Bluetooth connectivity and premium sound are also featured. Superwolf can be reserved now with a starting MSRP listed at between $48,000 and $56,000.

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Classic 1967 Chevrolet Camaro Z/28 Trans Am racer heads to auction

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When it comes to muscle cars of the 60s, one of the most iconic is the Chevrolet Camaro. The value of a normal Chevrolet Camaro from the era is often very high. The value of this 1967 Chevrolet Camaro Z/28 Trans Am is even higher as it’s an actual successful racing car from the era. This vehicle is the first of six Sunoco Trans Am Camaros that Penske Racing built.

This particular car has an extensive racing history with drivers Mark Donohue and George Follmer behind the wheel. The car has been completely restored by Kevin McKay in its iconic Sunoco racing livery. The car is said to be one of the most significant Chevrolet-powered racing cars ever built. Because of its rarity and racing pedigree, the car is expected to bring as much as $2 million at auction in Pebble Beach.

The car features a 302 cubic inch overhead valve V-8 engine and a single four-barrel carburetor. It’s estimated to produce 450 horsepower and has a four-speed manual gearbox along with four-wheel hydraulic disc brakes. The front suspension is independent wishbone with coil springs, while the rear has a live axle with leaf springs, a setup common in the era.

The racing series the car was built for required a 302 cubic-inch engine. The Z/28 was born due to the need to produce examples for homologation. The Z/28 became the Camaro performance production model, with 602 examples being built in 1967. The first 25 of those cars off the assembly line were sent to racers. This particular car was the 14th produced and was sent to Roger Penske.

This car is the first of only six Penske Camaros built between 1967 and 1969. The auction house says that over $330,000 was spent to restore the iconic car completely. The car comes with a file documenting its extensive racing history and photos of the car as it was discovered and during its restoration.

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