Tuesday, August 7, 2012

HTC Investors Head for Exits




According to the WSJ even some fast-moving smartphone companies aren't moving fast enough.  Two years ago, HTC Corp. leapt to global prominence by becoming the first company to make phones powered by Google Inc.'s Android software. But the company has since failed to fend off Apple Inc. and Samsung Electronics Co., giving investors reason to worry there won't be any room in the market for HTC.

The most recent cause for concern was the Taiwanese cellphone maker's discouraging earnings report Friday, in which it said its second-quarter revenue dropped 27% and signaled more trouble ahead, including an expected drop of nearly half of its ..

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