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Thursday May 17, 2012
HTC tumbles as patent case delays US sales
TAIPEI: US sales of two new smartphones from Taiwan's HTC Corp will be delayed due to a patent dispute with Apple Inc, a fresh blow to the company as it tries to turn around declining sales in what was once its largest market.
Shares in HTC tumbled more than 6% after it said shipments of the phones were being held up by US customs officials.
Apple scored a narrow victory against HTC in a patent lawsuit in December over technology in the smartphones, one of many such disputes in the fiercely competitive smartphone market.
HTC said in a statement yesterday that “the US availability of the HTC One X and HTC EVO 4G LTE has been delayed due to a standard US customs review of shipments that is required after an International Trade Commission exclusion order.”
The two models are the first devices to be delayed since that ruling, which said that HTC phones with the disputed technology would be banned from entering the United States from April 19. - Reuters
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- Umno probing reports of sabotage by party members during polls
- Guan Eng wants Zahid to retract statement
- Beckham is Star Online readers' pick for best English player
- More tourists to Sabah despite Sulu gunmen intrusion
- No comment on minister post until I’m a Senator, says Wahid
- Ceramah is state function, no permit needed, says Karpal
- Six new faces in Perak exco
- New measures to boost public safety and security
- Cops seek to further reduce crime rate in Klang Valley
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- Thousands gather at Pakatan rally in Seremban
- CEO: Catcha Media won’t be taken private — for now
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- Jala: GST could add up to RM27bil to country’s income
- Analysts say UMW Holdings’ O&G offering was widely anticipated
- Matrix Concepts’ IPO oversubscribed by 11.3 times
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- Up close and personal with Rod Young
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- Cricket: Haq nets record and a duck in Scotland warm-up
- Cricket: Anderson bowls England back into first Test
- NFL: New York Jets rusher Goodson arrested
- Cricket: Heroes' praise too much for 300-up Anderson
- Tennis: Radwanska out of Brussels to aid French Open bid
- Table tennis: Leading Chinese quartet power into last 16 of world meet
- NBA: Kings sold to group led by India's Ranadive for more than US$535mil
- Golf: China's schoolboy Guan stumbles to 77 at US$6.7mil Byron Nelson
- Rugby: Leinster add to Stade agony with European Challenge Cup win
- Will MRT Line 2 go on as planned?
- The China dream
- Sarawak politically-linked stocks rally
- Jala: GST could add up to RM27bil to country’s income
- Big challenges for new Cabinet
- Tips to consider when picking a business partner
- Car prices will be reduced in stages, assures Mustapa
- Well-planned land transport network can boost Greater KL area
- CEO: Catcha Media won’t be taken private — for now
- Malaysia's economy to grow stronger in Q2
- Tips to consider when picking a business partner
- Well-planned land transport network can boost Greater KL area
- Will MRT Line 2 go on as planned?
- Marketers should focus more on unconscious mind, says consultant
- The China dream
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- Paradigm shift – fundamental change in thinking
- Instacom wins RM200m job?
- China ups stakes in Australia power firms as Singapore retreats
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