Bloomberg News

HTC Rises After Saying Will Work Around USITC’s Apple Ruling

December 20, 2011

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.

To contact the reporter on this story: Tim Culpan in Taipei at tculpan1@bloomberg.net

To contact the editor responsible for this story: Janet Ong at jong3@bloomberg.net


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