HTC’s chairwoman: we don’t need to be taken over, Peter Chou’s job is safe

October 7, 2013
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    htc chairwoman cher wang Viagallery

    HTC is going through the hardest period of its existence as it battles to remain competitive in a very demanding market. The company just announced the first quarterly loss since it went public in 2002, and, worse than that, there’s no light at the end of tunnel.

    That doesn’t seem to dampen the spirits of HTC chairwoman Cher Wang, though surely we can’t expect her to say otherwise. Talking to CNBC, the executive downplayed the importance of stock performance, claiming that she prefers to focus on innovation and vision for the future.

    Stock price is really the past. Innovation is the future. I actually never look into the price, it doesn't influence me. The (ability) of the company to be able to stick with (its) vision is the most important.

    Wang refuted once again the rumors about a possible takeover of HTC by a richer competitor from mainland China: “We [HTC] don’t need to be taken over,” said Wang in the interview, going on to say that she doesn’t expect a change in the executive team. Wang praised the company’s longtime CEO Peter Chou:

    Peter is a great guy. He has a lot of innovative ideas and he's very charismatic.

    While few deny that Peter Chou has charisma, an increasing number of voices ask for a change at the top of HTC. Regardless of Mrs. Wang’s statements, investors don’t trust that HTC is on the path to recovery, and the repeated rumors that Huawei, ZTE or another player might swoop in and take over aren’t doing good to the company’s image.

    For HTC, the next milestone is the launch of the One Max, a 5.9-inch behemoth that would rival the Note 3. However, large devices like the Max are not as attractive to the general public as, say the 4.7-inch One is, so the company may not find in it the financial respite it needs.

    Cher Wang promised “a very interesting road map” for the next months, without going into detail.

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    Comments

    • Oli72

      good luck htc. have a great htc one is awesome device.

    • Luka Mlinar

      “The (ability) of the company to be able to stick with (its) vision is the most important.”
      One word: NOKIA!

    • mobilemann

      Hey need a profit margin

    • King

      I love my htc one you guys are doing a wonderful job good luck going into the future.

    • Tuấn Ankh

      I don’t own any HTC phone now, but HTC has always been awesome. The One X and One S were great; my sister had them.
      But there is one thing I wanna day: don’t dual boot your android phones with WP8. XD

      • Brian Shieh

        Agreed. WP8 will just hitch a ride on Android and boost their numbers

    • Alu Zeros

      Apple should buy them, they probably benefit the most out of it.

      • Brian Shieh

        But they don’t need the features from them. Apple has their own version of things.

        • Alu Zeros

          I was more thinking their influence on china, they probably have a bigger influence if they bought htc

    • Dusan

      I bet Peter is very charismatic… in bed.

      • firefly

        everything make ‘sense’ now.. :D

    • Aren

      I love my One. I bought it because of what it is, not who made it. Although having said that, I wasn’t going to buy a Samsung. I go for what’s good, not what’s popular.

    • Cao Meo

      There are real problems at HTC, and Peter Chou is responsible. The slide was steady and expected but he still can’t stop it.

      He should step down or the board must rmove him to save HTC, I don’t want the company with best designed Android phones becomes bankrupt.

    • htcLOLZ

      Ah so!

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