Thousands of HTC investors show up expecting free phones, get motivational speeches and some bread instead
Some guests weren't all about the free phones and bread loafs, though. “We are here because we are concerned about the share price." - said one concerned shareholder. "Yesterday, the Taiex hit a six-year high, but our share price was still in the doldrums. Are there hopes that the share price will recover?” - he asked.
After spending three quarters in the red, HTC hopes to return to profit in 2014, although it expects its Q2 revenue to drop by around $2.32 billion. CEO Peter Chou was optimistic, telling investors that "more noticeable improvements will be seen in two to three quarters". Hopefully, his optimism will be justified, as HTC can't be blamed for laying dormant this year.
"Free thermos, fruit juice, some bread, and an upbeat Cher Wang"
1. StraightEdgeNexus (Posts: 3074; Member since: 14 Feb 2014)
LOL hilarious, well played Luis d. Htc should better give out the old wildfires lying in the warehouses.
2. Astoni (Posts: 440; Member since: 28 Sep 2013)
I miss my old HTC desire. actually i phone that i never had one single problem with...
9. androtaku (Posts: 161; Member since: 12 Dec 2013)
E8 potentially can unearth HTC from grave
5. FingerMyApple (unregistered)
Guess i have to demand free mac pro next year :)
6. newbey123 (Posts: 395; Member since: 19 Mar 2012)
Greedy investors, you want a phone go buy one. No company should give away freebies to investors.
7. mistertimi (Posts: 73; Member since: 28 May 2014)
Depends really, if they invest more than the price of the phone then I say they do deserve a free phone.
8. mistertimi (Posts: 73; Member since: 28 May 2014)
Without those 2000 investors, who knows how much worse off the already-doing-badly HTC would be? I'm willing to bet if those 2000 never invested, and just got M8s instead HTC would be in a worse off position.
Additionally, since they've made a loss for god-knows how many years, these investors are getting absolutely no dividends, and doesn't look like they'll get any for a while, so I say give them free phones dammit. Even if they're M7s or M7 minis. They invested and trusted this ailing company, and are getting sweet FA back.
10. marbovo (Posts: 621; Member since: 16 May 2013)
You are wrong, if they had bought the M8, it would be way better for HTC. Selling phones generates income for the company, selling stocks generates nothing(since probably was not HTC who sold the shares to those people).
A investor who buys shares of a company expecting free products is absolutely dumb and should never get into the stock market
12. mistertimi (Posts: 73; Member since: 28 May 2014)
No, you are wrong. Stock selling raises capital for the company to use, look it up. I.e £400 of stock => pretty much £400 additional capital for the company. Whereas £400 on the co's phone goes to.. carrier, shipping and manufacturing costs. Please don't argue with me if you don't know about share capital. It's business finance 101
13. marbovo (Posts: 621; Member since: 16 May 2013)
LOL, No man, the company just get the money on its IPO or when they release more shares, after it they don't get nohting, thats why I said "since probably was not HTC who sold the shares to those people" , because most of those people if not all, are not the first buyers of those shares... think before write...because after that I think that you dont know even the 101 on business finance...
14. mistertimi (Posts: 73; Member since: 28 May 2014)
Again, it depends what type of shares they are. If they are first issue shares then what I said is completely right. Either way - an additional 2000 phones sold is WAY less important than having 2000 less investors (depending on their level of investment). That's my point. Business finance 101 prevails
11. techloverNYC (Posts: 390; Member since: 20 Nov 2012)
Cant really blame the investors. I mean they did hand out free phones last year. People will be expecting the same gift and stuff regardless how bad or good the company is doing. HTC should have never done this free phone thing the first year and just went straight to the lottery drawings.