Dec. 20 (Bloomberg) -- HTC Corp. shares climbed in Taipei after saying it will work around a U.S. trade agency ruling that found it infringed Apple Inc. patents.
HTC added 2.3 percent to NT$455 as of 9:05 a.m. in Taipei after dropping as much as 1.1 percent. The company has created “alternative solutions” to work around the patent, the Taoyuan, Taiwan-based company said today.
Separately, HTC will buy back 10 million of its own shares, equal to 1.16 percent of those outstanding, it said in an exchange filing.
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