Hacker News new | ask | show | jobs
by cpeterso 3062 days ago
Why would HTC sell 2000 engineers to Google if they plan to still make smartphones? This move suggests HTC management felt they would be unable to produce $1.1B value with those engineers (which should be a warning to investors).
1 comments

HTC has been losing money each quarter and needed an infusion of cash to sustain their operations.