S&P 500
7,226.20
+0.01%
Dow Jones
49,494.60
-0.62%
Nasdaq 100
27,685.40
+0.66%
Russell 2000
2,804.78
-0.02%
FTSE 100
10,364.50
0.00%
Nikkei 225
59,260.50
-0.78%

Investing

HTC Say Delay On Apple IP Decision–Reuters

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
Follow 24/7 Wall St. on Google
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

HTC said that a International Trade Commission ruling on whether Apple (NASDAQ: AAPL) can block the sales of the Asian phone company’s products in the US will be delayed until December 19

No reason was given.

According to Reuters

The ruling is crucial for HTC, which has struggled with legal battles and stiff competition with Apple and Samsung Electronics Co Ltd, since it could result in a ban on the sale of HTC handsets in the United States, a market that accounts for 50 percent of the company revenue.

The suit is seen by some as a proxy for the larger fight for market share between Google Inc’s Android cellphones and tablets, many of which HTC manufactures, and Apple’s product line.

The US market is so critical to all makers of smartphones, that HTC’s financial prospects could be badly damaged by a negative ruling. HTC currently has one advantage over Apple in the US–it makes smartphones for super fast 4G wireless broadband

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Continue Reading

Jon C. Ogg |

Samsung Propped Up by Smartphone Shipments (AAPL, NOK, RIMM, SSNLF, GOOG, MMI)

In the third quarter of 2011, Apple Inc. (NASDAQ: AAPL) shipped about 20 million iPhones, a quarter-over-quarter increase of about…
Jon C. Ogg |

Apple Bests Samsung in Australia — Who’s Next? (AAPL, SSNLF, GOOG, MMI)

An Australian court has ruled in favor of Apple Inc. (NASDAQ: AAPL) in a patent dispute with Samsung Electronics (OTC:…
Douglas A. McIntyre |

Apple Loses German Court Fight To Motorola

Apple continues to win a few and lose a few as it fights to hold its lead in the smartphone…
Douglas A. McIntyre |

Apple iPhone Seizes Sales Lead in China — Kantar

CEO Tim Cook said Apple needed to do well in China to continue to rapidly expand worldwide iPhone sales. He…
Douglas A. McIntyre |

With Extraordinary Start, Apple (AAPL) Moves To Dominate Smartphone Market

Apple (AAPL) probably sold over 425,000 3G iPhones in the first three days it was on the market. That would…
Douglas A. McIntyre |

The iPad Goes To Asia

Apple Inc (NASDAQ: AAPL) has begun to sell its highly successful iPad in Asia. The company shipped one million units…
Douglas A. McIntyre |

Nokia’s Cheap $99.99 Smartphone

NokiaNokia’s (NYSE: NOK) new flagship smartphone, the Lumia 900, will not carry a premium price in the U.S. The smartphone’s retail…
Douglas A. McIntyre |

Apple (AAPL) And Palm (PALM): Lose Money On Every Sale And Make It Up On Volume

One of the first rules students are taught at The Harvard Business School is that it is a bad practice…
Jon C. Ogg |

Who Gains if Tablets Continue Explosive Growth? (INTC, MSFT, ARMH, QCOM, AAPL, NVDA, GOOG)

Could tablet computers be the most serious threat to the Wintel duopoly that has dominated personal computing for the past…

Top Gaining Stocks

Cboe Global Markets
CBOE • Vol: 1,568,143
New Pluto Global
PSKY • Vol: 12,285,993
Seagate Technology
STX • Vol: 7,378,346
Oracle
ORCL • Vol: 26,317,675
Datadog
DDOG • Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ • Vol: 4,367,433
Clorox
CLX • Vol: 13,260,523
Stryker
SYK • Vol: 4,519,455
Mohawk Industries
MHK • Vol: 1,859,865
Amgen
AMGN • Vol: 3,818,618