Just In
- 12 hrs ago Nothing Ear, Ear (a) With ANC, Up to 42.5 Hours of Battery Launched; Check Price and Availability
- 13 hrs ago Google Drive Gets Long-Awaited Dark Mode for Web - Here's How to Activate
- 13 hrs ago Vivo V30e Launch in India Teased 50 MP Sony IMX882 Camera, 5,500 mAh Battery Confirmed
- 14 hrs ago AMD Revamps Business Computing with AI-Fueled Ryzen PRO 8000 Series Processors
Don't Miss
- Sports LSG vs CSK IPL 2024: Four Batters Who Can Score Most Runs in Match 34
- Movies LSD2 Box Office Collection Day 1 Prediction: Dibakar Banerjee’s Film To Have Slow Start; Will Fail To Touch 5C
- Finance 1:3 Bonus Share, Rs 13.25/Share Dividend: Buy Maharatna PSU, TP Rs 355, Fundraise Approved
- News 12 Jurors Picked For Donald Trump’s Hush Money Trial, Alternate Selection Continues
- Lifestyle Kamada Ekadashi 2024 Wishes: Greetings, Messages, Texts, Images, Twitter Status And Instagram Captions
- Automobiles Aprilia RS 457 Accessories: A Detailed Look At The Prices
- Education Karnataka SSLC Result 2024 Soon, Know How to Check Through Website, SMS and Digilocker
- Travel Telangana's Waterfall: A Serene Escape Into Nature's Marvels
HTC Senior Executives Arrested For Leaking Company Trade Secrets
Before making the One Max flagship official in the forthcoming IFA trade fair, HTC's senior executives are currently facing legal suits on the grounds of disseminating company's trade secrets.
Click Here For New HTC Smartphones Gallery
Taipei prosecutors reportedly confirmed the arrest of HTC vice president of product design Thomas Chien, research and development director Wu Chien-Hung and senior manager of design and innovation Justin Huang on Friday. Chien and Chien-Hung remain in custody and Huang was reportedly released on bail. The concerned officials belonging to the Taiwan-based smartphone manufacturer are being held responsible for the dropdown in the market share on Monday.
The arrests followed in response to a complaint filed by HTC last month accusing the executives of leaking trade secrets. Online reports said that the executives were planning to use stolen new interface technology to set up a new mobile design company targeting the Chinese vendors. The plan apparently turned out into a massive disaster with the layers of accusation not tops the accused. The executives were also accused of making false commission fee claims, which in total accounted around $334,200 (approx. Rs. 2,20,57,200).
Reportedly, Chien and Chien-Hung could not be reached and Huang was not immediately available to comment and HTC declined to comment on the scenario as well.
According to the reports, HTC shares fell by almost 6.4%, versus a broader market drop for the day of only 0.2%. HTC's market share has fallen to less than 5% from close to 25% only five years ago. Currently the price of stock at HTC is at a low of 8 years and speculations are that it could experience loss in its first quarterly operating.
Click Here For List of New Smartphones And Tablets Price & Specs
-
99,999
-
1,29,999
-
69,999
-
41,999
-
64,999
-
99,999
-
29,999
-
63,999
-
39,999
-
1,56,900
-
79,900
-
1,39,900
-
1,29,900
-
65,900
-
1,56,900
-
1,30,990
-
76,990
-
16,499
-
30,700
-
12,999
-
62,425
-
1,15,909
-
93,635
-
75,804
-
9,999
-
11,999
-
3,999
-
2,500
-
3,599
-
8,893