Thousands of HTC investors show up expecting free phones, get motivational speeches and some bread instead

Thousands of HTC investors show up expecting free phones, get motivational speeches and some bread instead
Here at PhoneArena, folks from all over the planet send us requests for free phones over e-mail (please stop, you're breaking our hearts), but so far, none among them have been disillusioned HTC investors. And now we know why - it seems that they consider free One M8's a privilege of theirs, so they went straight to HTC, face-to-face. 

Yesterday, around 2000 shareholders showed up at the Taiwanese company's shareholder meeting, and in the way the WSJ puts it, most of them came for the free handys. 

See, last year HTC spoiled its investors by letting everyone walk away with a phone, but alas, all the enterprising guests found at the 3-star hotel near Taipei was free thermos, fruit juice, some bread, and an upbeat Cher Wang proclaiming that "they should be all proud of being shareholders of HTC".

Still, there was a lucky draw for 200 phones, which sounds fair. But the guests weren't amused – after all, there's shareholder pride, and then there's free M8's for everyone, right? Not only that, but the hotel ballroom couldn't accommodate all the hopeful attendees, so many of them had to wait outside for their turn to meet HTC's exec team. 

One shareholder reportedly took a 1-hour motorcycle trip to the meeting, and stated that a free phone would have “made him feel better about HTC's slumping shares”. Tough it out, pal.

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.


In fact, the company is very busy in 2014 - we're seeing it act to alleviate the crisis, while launching respectable products and generating considerable buzz around its name. HTC launched the excellent One M8, along with more affordable Desire-branded handsets destined for the emerging markets. It also hired Samsung's ex-marketing officer, and outsourced the production of some devices to Chinese partners. 

Who knows, if things go well, perhaps shareholders could expect free phones and a slice of ham with their bread loafs next year.

source: WSJ

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One (M8)
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  • Battery 2600 mAh(20h 3G talk time)

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14 Comments

1. StraightEdgeNexus

Posts: 3689; Member since: Feb 14, 2014

LOL hilarious, well played Luis d. Htc should better give out the old wildfires lying in the warehouses.

2. Astoni

Posts: 649; Member since: Sep 28, 2013

I miss my old HTC desire. actually i phone that i never had one single problem with...

9. androtaku

Posts: 246; Member since: Dec 12, 2013

E8 potentially can unearth HTC from grave

3. DonkeySauce

Posts: 194; Member since: Dec 03, 2011

Did someone say free handys?

4. DonkeySauce

Posts: 194; Member since: Dec 03, 2011

FREE FACEBOOK PHONES!

5. FingerMyApple unregistered

Guess i have to demand free mac pro next year :)

6. newbey123

Posts: 700; Member since: Mar 19, 2012

Greedy investors, you want a phone go buy one. No company should give away freebies to investors.

7. mistertimi

Posts: 77; Member since: May 28, 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: 77; Member since: May 28, 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: 658; Member since: May 16, 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: 77; Member since: May 28, 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: 658; Member since: May 16, 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: 77; Member since: May 28, 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: 601; Member since: Nov 20, 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.

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