Outspoken Investor Buys Stake in HTC
Jimmy Lai, a wealthy businessman in Hong Kong, has acquired a 2% stake in HTC. Though Lai's new ownership position in HTC is small, the Wall Street Journal reports that Lai is outspoken. "It's no secret that Mr. Lai is active in the Taiwan market and no secret he has opinions," said Mark Simon, Lai's spokesperson. Lai is a media mogul who founded Next Media Ltd., which publishes newspapers in Hong Kong and Taiwan. The Journal suggests that Lai's interest in HTC could lead other investors in the ailing company to seek changes in the how it is managed. HTC CEO Peter Chou has come under fire in recent months due to the company's poor performance. It recently reported its first-ever quarterly loss as a public company. Lai believes HTC still has potential. "HTC is undervalued and there is an opportunity for growth," said Simon.
Hands-On with the HTC 10
HTC showed off its 2016 flagship smartphone today. The HTC 10 takes all the characteristics we've come to appreciate in HTC and amps them up.
Hands On with the HTC U Ultra and U Play
The HTC U Ultra and U Play are the company's new high-end phones, replacing the iconic HTC 10 and One series. They sport flowing 3D curved glass on the back, and high-end specs.
HTC Cuts the 10's Price By $100 for US Shoppers
HTC has dropped the price of the HTC 10 for the rest of the month. The phone now costs $599 when purchased from HTC's web site, a cut of $100.
HTC Starts Outsourcing Some Manufacturing
HTC has begun using other companies to build some of its devices, according toThe Wall Street Journal. The company has asked Taiwan-based Compal and China-based Wingtech to manufacture its mid-range Desire series phones.