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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...
07-18-2011, 11:09 AM #1
HTC Share Holders Jump Ship This Morning, Apple 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]
07-18-2011, 12:30 PM #2
07-18-2011, 12:48 PM #3In other reports maniacal laughter could be heard emanating from Steve Jobs' mansion.
07-18-2011, 01:38 PM #4
07-18-2011, 01:44 PM #5
07-18-2011, 02:06 PM #6
I find it funny, Apple is using patents from S3 that is now owned by HTC, & HTC allegedly using Apple owned Patents.
Why can't they just say hey we use yours, you use ours. Problem solved.
07-18-2011, 02:41 PM #7Unless HTC can reaches a settlement with Apple
07-18-2011, 03:20 PM #8
07-18-2011, 03:40 PM #9
07-18-2011, 03:52 PM #10
07-18-2011, 04:50 PM #11
07-18-2011, 04:51 PM #12
07-18-2011, 05:17 PM #13
07-18-2011, 05:22 PM #14
07-18-2011, 05:23 PM #15
Cant we all just get along
07-18-2011, 05:33 PM #16
- Join Date
- Dec 2010
- Thanked 4 Times in 1 Post
07-18-2011, 07:21 PM #17
Last edited by ugshotgun; 07-18-2011 at 07:26 PM.Main Phone: HTC ONE - Work: iPhone 4s - Tablet: iPad 2, The best of both worlds!
07-18-2011, 07:28 PM #18
We're all human. We all make mistakes.
What's most important is not our perfection, but how we deal with imperfection.
07-18-2011, 07:30 PM #19
Main Phone: HTC ONE - Work: iPhone 4s - Tablet: iPad 2, The best of both worlds!
07-18-2011, 08:01 PM #20