HTC investors: company brand, factories and buildings are 'worthless'

Things go from bad to worse over at HTC.

@anthony256
Published Mon, Aug 10 2015 5:27 AM CDT   |   Updated Tue, Nov 3 2020 12:04 PM CST

It looks as though things have gone from bad to worse with Taiwanese smartphone maker HTC, with investors effectively saying HTC's "brand, factories and buildings were worthless", reports Bloomberg.

HTC investors: company brand, factories and buildings are 'worthless' | TweakTown.com

HTC's market price fell to $1.5 billion on Monday, below the $1.5 billion it had in cash at the end of June. Calvin Huang at Sinopac Financial Holdings Co. in Taipei told Bloomberg: "HTC's cash is the only asset of value to shareholders. Most of the other assets shouldn't be considered in their valuation because there's more write-offs to come and the brand has no value".

Q3 2015 isn't shaping up to be too good for HTC either, with the Taiwanese company forecasting 48% below analysts' estimations, after a 35% cut to projected revenues in the preceding period. There's one massive looming question I have: what about Vive? HTC's VR headset that it collaborated on with Valve, which could be the most exciting product HTC has ever made.

NEWS SOURCE:bloomberg.com

Anthony joined the TweakTown team in 2010 and has since reviewed 100s of graphics cards. Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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