HTC Down, But Not Out; Taiwanese Government Will Step in to Assist
Over the past few weeks/months we have heard increasingly worrisome news regarding the financial stability of HTC. Just recently we even reported that investor's are dumping HTC's stock in droves and dropped $1 Billion dollars off the company's market cap. HTC may be "on the ropes" but don't count them out yet! The company is so important to the economy of Taiwan, that the Taiwanese government is currently working out ways it can help the floundering giant. Here's a quote sharing some of the details about the request that got this ball rolling,
It's good to hear that we shouldn't give up on HTC. How many of you guys are rooting for them to make a big comeback?
Speaking at a cabinet meeting, Perng Fai-nan said that the financial status of HTC is “of vital importance to the islands’ gross domestic product” and urged government to provide some financial assistance. Realizing that HTC has been a great contributor to Taiwan’s economy, he believes that the “bailout” will help boost the country’s ever declining export numbers, which have fallen for 5 consecutive months.
Source: HTCOneForum via AndroidAuthority