HTC Says No Thanks to Possible Asus Merger

Will Asustek Computer Inc. (Asus) buy HTC? Not if HTC has anything to do with it. Since Asus Chairman Jonney Shih said he would not dismiss the possibility of buying the ailing smartphone maker on Friday, technology industry chatter has been rising.

HereEUs the backstory: Asus is selling phones in the U.S. but has focused more on China. HTC was once a heavy hitter in America, but has struggled in recent quarters. In any case, HTC is not interested in any dealmaking with its Taiwanese technology neighbor. HTC came out on Monday with a big bold EUno wayEU to the notion on Monday.

EUWe strongly deny the news. We didnEUt contact Asustek and will not consider the acquisition,EU the company said in a statement. EUAs an international brand, HTC will continue to design world-class innovative smart devices through its pursuit of brilliance brand promise.EU

HTC Struggling Hard

Earlier in June, HTC announced a revision to its second quarter guidance, lowering its revenue expectations in the face of slower demand for high-end Android phones and weaker than forecast sales in China. HTC also told investors that increased competition has raised operating costs for product promotion.

At that time, Cher Wang, chairwoman and CEO of HTC, said the company had identified four key business goals for this year: further strengthen the competitiveness of its smartphone business; reduce its operating costs and increase operational efficiency; improve organizational alignment and streamline business processes; and aggressively develop new business opportunities beyond smartphones.

EUWe have full confidence in achieving our vision and maximizing shareholder value through our world-class innovation and by seizing the exciting new business opportunities in the connected lifestyle space," she said.

Can HTC Survive Alone?

Wang replaced then-CEO Peter Chou in March but so far the co-founderEUs return to the helm has not made any notable impact. HTC posted a fourth...

Comments are closed.

HTC Says No Thanks to Possible Asus Merger

Will Asustek Computer Inc. (Asus) buy HTC? Not if HTC has anything to do with it. Since Asus Chairman Jonney Shih said he would not dismiss the possibility of buying the ailing smartphone maker on Friday, technology industry chatter has been rising.

HereEUs the backstory: Asus is selling phones in the U.S. but has focused more on China. HTC was once a heavy hitter in America, but has struggled in recent quarters. In any case, HTC is not interested in any dealmaking with its Taiwanese technology neighbor. HTC came out on Monday with a big bold EUno wayEU to the notion on Monday.

EUWe strongly deny the news. We didnEUt contact Asustek and will not consider the acquisition,EU the company said in a statement. EUAs an international brand, HTC will continue to design world-class innovative smart devices through its pursuit of brilliance brand promise.EU

HTC Struggling Hard

Earlier in June, HTC announced a revision to its second quarter guidance, lowering its revenue expectations in the face of slower demand for high-end Android phones and weaker than forecast sales in China. HTC also told investors that increased competition has raised operating costs for product promotion.

At that time, Cher Wang, chairwoman and CEO of HTC, said the company had identified four key business goals for this year: further strengthen the competitiveness of its smartphone business; reduce its operating costs and increase operational efficiency; improve organizational alignment and streamline business processes; and aggressively develop new business opportunities beyond smartphones.

EUWe have full confidence in achieving our vision and maximizing shareholder value through our world-class innovation and by seizing the exciting new business opportunities in the connected lifestyle space," she said.

Can HTC Survive Alone?

Wang replaced then-CEO Peter Chou in March but so far the co-founderEUs return to the helm has not made any notable impact. HTC posted a fourth...

Comments are closed.