HTC denies report that it is being sold

HTC denies report that it is being sold
What can Taiwan based HTC do? This year, they have launched a handset in the HTC One that is giving the Samsung Galaxy S4 a challenge. Taking a page from Samsung, HTC has taken design cues from its flagship Android phone and is adding an HTC One mini and an unannounced phablet version of the phone. Not only is the HTC One a treat for the eyes, the uni-body aluminum build makes it the opposite of the Samsung Galaxy S4 which is made from plastic.

Despite the success of the HTC One, the upcoming third quarter report is expected to be another disaster. EE Times reporter Alice Sun put up a post on Chinese social network Weibo saying that HTC chairwoman Cher Wang had decided to put HTC up for sale. But this rumor was quickly denied by the top executive of HTC China, Ray Yam. Wang herself also put the kibosh on the rumor at a company family day event that was held over the weekend.

Reporter Sun took down her original Weibo post, not because she thinks it is not true, but "for some peace and quiet." She remains a strong believer that her original story will prove to pan out and that HTC is about to be picked up in what would appear to be a distress sale. But for every seller, there needs to be a buyer and it is hard to imagine who might be interested in buying the company. One of the Chinese upstarts looking to widen U.S. distribution could be interested in HTC's connection with U.S. carriers, but companies like ZTE and Huawei would probably be better off if HTC just died.

source: Weibo (translated), UDNNews (translated) via Engadget

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