Taiwan bourse investigates HTC share surge

November 13, 2012

Taiwan Stock Exchange said Tuesday it was investigating a sudden surge in the share price of leading smartphone maker HTC before it had announced a patent settlement with US technology giant Apple.

's shares temporarily soared up to their daily 7.0 percent limit on Friday prior to the announcement of the global patent settlement with the maker, triggering speculation that the news might had been leaked.

An official at the Taipei bourse confirmed it has started looking into several cases of suspected unusual share surges, including the rise in HTC's shares, and will contact the financial regulator if irregularities are found.

HTC was not immediately available for comment.

On Monday, HTC shares ended limit-up 7.0 percent at Tw$241.5 ($8.33) although it fell 6.83 percent to Tw$225.0 on Tuesday.

Sunday's 10-year licensing agreement comes at an important time for HTC as it is hit by competition from Apple and South Korea's Samsung.

The world's leading have routinely pounded each other with patent lawsuits. Apple had accused HTC and other smartphone makers that use 's Android mobile operating system of infringing its patents.

HTC last month said net profit in the July-September quarter tumbled 79.1 percent from a year earlier to Tw$3.9 billion, while revenues were down 48 percent to Tw$70.2 billion year-on-year.

Explore further: Taiwan's HTC rejects fresh Apple patent claim

Related Stories

HTC and Apple reach global settlement

November 11, 2012

Taiwan's leading smartphone maker HTC said Sunday it has reached a global settlement with technology giant Apple, bringing an end to all outstanding litigation between the two companies.

Recommended for you

How to curb emissions? Put a price on carbon

September 3, 2015

Literally putting a price on carbon pollution and other greenhouse gasses is the best approach for nurturing the rapid growth of renewable energy and reducing emissions.

Magnetic fields provide a new way to communicate wirelessly

September 1, 2015

Electrical engineers at the University of California, San Diego demonstrated a new wireless communication technique that works by sending magnetic signals through the human body. The new technology could offer a lower power ...

For these 'cyborgs', keys are so yesterday

September 4, 2015

Punching in security codes to deactivate the alarm at his store became a thing of the past for Jowan Oesterlund when he implanted a chip into his hand about 18 months ago.

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.