Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. Taiwan
  4. Taiwan Stock Exchange
  5. HTC Corporation
  6. News
  7. Summary
    2498   TW0002498003

HTC CORPORATION

(2498)
  Report
End-of-day quote Taiwan Stock Exchange  -  2023-01-16
57.20 TWD    0.00%
2022HTC Corporation Signs 5-Year TWD 9 Billion Loan Agreement with CTBC Bank
CI
2022Agora Collaborates with HTC, Magic Leap, to Showcase Tools
MT
2022XReality Group's Unit Opens Fifth Venue on Surfers Paradise Beachfront; Shares Fall 6%
MT
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

HTC Corp : HTC execs detained over leaked trade secrets; shares tumble

09/02/2013 | 01:08am EST
A new HTC Android-based smartphone Sensation is displayed during a news conference for the launch of the product in Taipei

TAIPEI (Reuters) - Three HTC Corp design executives were arrested on suspicion of leaking trade secrets, sending the Taiwanese smartphone maker's shares tumbling on Monday as its troubles deepened amid a wave of senior staff departures and disappointing sales.

Taipei prosecutors confirmed that HTC vice president of product design Thomas Chien, research and development director Wu Chien-Hung and senior manager of design and innovation Justin Huang were arrested on Friday.

Chien and Chien-Hung remain in custody, while Huang was released on bail, prosecutors office spokesman Mou Hsin Huang said.

The executives were also accused of making false commission fee claims totalling around T$10 million (214,905 pounds). No further details about the allegations were immediately available.

The arrests came in response to a complaint filed by HTC last month accusing the executives of leaking trade secrets.

HTC declined to comment except to say the investigation had no impact on its operations. Chien and Chien-Hung could not be reached and Huang was not immediately available to comment.

Media reports citing the police said the executives were planning to use stolen new interface technology to set up a new mobile design company aiming at Chinese vendors.

Shares of HTC lost 6.4 percent to T$146.5 at 0250 GMT, versus a 0.2 percent fall in the broader market.

Rocked by internal feuding and executive exits, and positioned at the high end of a smartphone market that is close to saturation, HTC has seen its market share slump to below 5 percent from around a quarter five years ago.

Its stock price is at 8-year lows, and it has warned it could make its first operating loss this quarter.

(Reporting by Clare Jim; Editing by Stephen Coates)


ę Reuters 2013
All news about HTC CORPORATION
2022HTC Corporation Signs 5-Year TWD 9 Billion Loan Agreement with CTBC Bank
CI
2022Agora Collaborates with HTC, Magic Leap, to Showcase Tools
MT
2022XReality Group's Unit Opens Fifth Venue on Surfers Paradise Beachfront; Shares Fall 6%
MT
2022HTC Widens Loss in Q3
MT
2022HTC Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended Se..
CI
2022WEVR, Inc. announced that it has received funding from HTC Corporation, Warner Bros. En..
CI
2022Apple, HTC And ZTE Win In US Patent Infringement Case
AQ
2022Apple, HTC cleared in U.S. trade tribunal dispute over wireless patents
RE
2022Htc : Board of Directors approved the record date of exercising employee stock option cert..
PU
2022Htc : Board of Directors approved the 2022 second quarter consolidated financial statement..
PU
More news
Financials
Sales 2022 4 354 M 144 M 144 M
Net income 2022 -3 298 M -109 M -109 M
Net cash 2022 8 865 M 293 M 293 M
P/E ratio 2022 -14,3x
Yield 2022 -
Capitalization 47 338 M 1 565 M 1 565 M
EV / Sales 2022 8,84x
EV / Sales 2023 5,89x
Nbr of Employees 3 905
Free-Float 77,6%
Chart HTC CORPORATION
Duration : Period :
HTC Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends HTC CORPORATION
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 2
Last Close Price 57,20 TWD
Average target price 61,00 TWD
Spread / Average Target 6,64%
EPS Revisions
Managers and Directors
Maggie Tseng Senior Director-Finance
Tao Pang Shen Chief Financial Officer
Hsiueh Hong Wang Chairman
Wan Hsien Liu Chief Technology Officer
Adrian Tung Senior Vice President-Research & Development
Sector and Competitors