The stock dropped 5.9 percent to NT$861, set for the lowest close since Jan. 14, extending yesterday’s 6.9 percent loss. HTC continues to “vehemently deny” all of Apple’s past and present claims against it and will continue to protect and defend its own intellectual property, said Grace Lei, HTC’s general counsel. UBS AG said in a report dated yesterday it estimated “downside impact” to the company’s earnings from declining European handset demand, according to the report by analyst Arthur Hsieh. He maintained the share at “buy.” For the latest updates PRESS CTR + D or visit Stock Market news Today
Wednesday, July 13, 2011
HTC Falls for Second Day in Taipei After Apple Patent Infringement Claim
The stock dropped 5.9 percent to NT$861, set for the lowest close since Jan. 14, extending yesterday’s 6.9 percent loss. HTC continues to “vehemently deny” all of Apple’s past and present claims against it and will continue to protect and defend its own intellectual property, said Grace Lei, HTC’s general counsel. UBS AG said in a report dated yesterday it estimated “downside impact” to the company’s earnings from declining European handset demand, according to the report by analyst Arthur Hsieh. He maintained the share at “buy.” For the latest updates PRESS CTR + D or visit Stock Market news Today
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