HTC share zoom prior to Apple peace pact under investigation
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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. ®
COMMENTS
right to know?
I'm curious as to why public companies such as HTC and Apple don't have to make the terms of settlements like this public. Surely the shareholders are entitled to know?
Saw the title and thought Share Zoom was one of the patented areas
Srsly
device performance
This was the nail in the coffin for me and HTC.
I bought a Desire HD about 14 months ago and thought it was great. Then, after about 8 months, I got fed up with the UI freezes and general slowness feeling (never had that slick iPhone feel), so I rooted it and threw on Cyanogen Mod 7.
My god.
What a difference in performance! Since then, EVERYTHING about this phone has been slicker than a hippo harpooned to a banana tree. It's seriously quick, even for a 1.2Ghz single-core Qualcomm CPU (hah! I say 'even' like that's slow!)
In stark contrast, my missus' HTC Sensation XE, with it's dual-core 1.4Ghz chippery, double RAM and Android ICS, is horribly slow and jerky. Even worse than my stock Desire HD.
That was when I decided either no more HTC (unless they cut out the bloat) and/or immediate invalidation of my devices' warranty when purchasing a new one by loading Cyanogen Mod on there.
That in mind, I'm looking forward to obtaining and rooting a Samsung GSIII
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