Feeds

HTC share zoom prior to Apple peace pact under investigation

You guys better have a crystal ball on you

Build a business case: developing custom apps

The Taiwanese Stock Exchange has said that it will investigate why HTC's shares shot up a week before anyone knew the firm was going to settle its patent disputes with Apple.

HTC stock shot up the Taiwan maximum of 7 per cent yesterday after the announcement that it had signed a licensing agreement with Apple that put an end to all their patent squabbles. But the shares had been rising for a week before that as well, bringing the firm's total gains to 24 per cent since November 5.

“We have a long-standing surveillance system in place. When any stock, not only HTC, rises strongly for days or trades under an unusually high volume, we will analyse and look into what is going on,” said Michael Lin, senior executive vice president of Taiwan Stock Exchange, according to a Wall Street Journal report.

HTC and Apple announced over the weekend that they'd settled their differences with a ten-year global licensing agreement covering all present and future patents of both companies. Yesterday the shares rose on the news, but profit-taking today and the realisation that sorting things out with Apple isn't going to be a magic bullet for its problems has sent the stock back down by 16.5 per cent.

Like other mobile makers, HTC is finding it hard to compete with top Android manufacturer Samsung and Apple's Jesus mobes. Settling with Apple puts the firm in a good position with future phones, but it will still need to excite some stronger popularity for its mobiles. ®

The essential guide to IT transformation

More from The Register

next story
True fact: 1 in 4 Brits are now TERRORISTS
YouGov poll reveals terrible truth about the enemy within
Microsoft exits climate denier lobby group
ALEC will have to do without Redmond, it seems
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
7 Elements of Radically Simple OS Migration
Avoid the typical headaches of OS migration during your next project by learning about 7 elements of radically simple OS migration.
BYOD's dark side: Data protection
An endpoint data protection solution that adds value to the user and the organization so it can protect itself from data loss as well as leverage corporate data.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?