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HTC expects to cut 15 percent of workforce in streamlining effort

Even though the Taiwanese company plans to reduce operating expenditure by 35 percent in the near future, its product portfolio will actually be diversified “beyond smartphones.” Lenovo’s steep drop in net revenue and resulting layoffs may have caught you off guard, considering the Chinese outfit’s booming domination over the PC

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LenovoNewsSmartphonesTablets and E-Readers

Lenovo looking to take ‘decisive’ restructuring actions after lowly fiscal quarter

Rapidly declining net income results between April and June will lead to massive layoffs, as well as a reorganization of both Lenovo’s mobile and enterprise businesses. A number of positives can be ascertained from the latest financial report of the world’s largest PC designer, including a year-over-year increase in overall

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AndroidHTCNewsSmartphones

HTC’s brand, factories and buildings are now worthless to investors

The Taiwanese smartphone manufacturer’s cash reserves exceed its market capitalization, accentuating a financial crisis that seems inescapable for a former profit machine and industry dominator.   Forget climbing back the Android OEM ranks, HTC’s very survival could be at stake if recent share price plunges aren’t overturned. According to Bloomberg’s

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