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  • HTC Share Holders Jump Ship This Morning, Steve Jobs Laughs Maniacally



    HTC stockholders are running for this hills this morning in reaction to the International Trade Commission's Ruling that the company violated two patents held by Apple.

    In other reports maniacal laughter could be heard emanating from Steve Jobs' mansion.

    HTC shares dipped nearly 6.5% this morning cementing the free-fall the companies shares experienced last week. To help stop the bleeding HTC announced a $760 million share buy back program which the company hopes will help stabilize the companies stock price and restore investor confidence. According to Financial times the program "appeared to have little affect as the stock fell below HTC's minimum purchase price."

    HTC recently acquired S3 graphics for $300 million in part to secure a number of patents to protect the Taiwanese company from Apple's legal team. The ITC actually ruled in favor S3 in a suit against Apple earlier this year. HTC purchased a patent portfolio from ADC communication for $75 million in addition to signing a Android protection pact with Microsoft.

    Unless HTC can reaches a settlement with Apple, or the ITC ultimately rules against an outright ban of their products in the U.S. the companies stock could plummet further, and risk becoming the first casualty in this all out telecom patent war.

    Source: Financial Times [via 9to5Mac]
    This article was originally published in forum thread: HTC Share Holders Jump Ship This Morning, Apple Laughs Maniacally started by Phillip Swanson View original post
    Comments 26 Comments
    1. Mes's Avatar
      Mes -
      I think it's time to get 'back on subject'. A friendly warning ...
    1. phreakwenci's Avatar
      phreakwenci -
      Quote Originally Posted by ugshotgun View Post
      I could care less about how many errors Phillip makes, its just fun finding them
      See my previous post.

      Quote Originally Posted by Mes View Post
      I think it's time to get 'back on subject'. A friendly warning ...
      Agreed
    1. taz1981m's Avatar
      taz1981m -
      I think they should just share patents it is crazy that u can patent a mere thought. If I were a MMI RIGHTER I would be sure to make misstakes all the thyme
    1. one1's Avatar
      one1 -
      SO, I hear now is a good time to buy HTC stock cheap.
    1. ihappy's Avatar
      ihappy -
      Quote Originally Posted by RICO_ View Post
      Damn Dr. Phil....that's deep.

      (***Waits for "that's what she said!" remark***).
      That's what she said
    1. discostar's Avatar
      discostar -
      Quote Originally Posted by NSXrebel View Post
      really...?
      I think Philip Swanson is funny! he's Modmyi's Ben Stiller.