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HTC is fighting for its survival against a lawsuit-zealous Apple.  (Source: Reuters / Pichi Chuang)
Is Apple trying to kill the free market? HTC's law team thinks so

HTC Corp.'s (SEO:066570) general counsel, Grace Lei, issued a scathing analysis of competitor Apple, Inc. (AAPL) to the Agence France Press (AFP), commenting, "HTC is disappointed at Apple's constant attempts at litigations instead of competing fairly in the market. HTC strongly denies all infringement claims by Apple in the past and present and reiterates our determination and commitment to protect our intellectual property rights."

Those harsh words come as the gadget maker is fighting for its very survival in the face of Apple's legal harassment.  Apple is seeking a temporary injunction that would block shipments of product in the U.S., essentially killing HTC's sales.

Apple chief Steve Jobs accuses HTC and other Android phone makers of conspiring to "steal" "innovation" from his iPhone.  He claims that Android phone makers copied the iPhone's look, which was protected under a design patent.  He also claims Android phone makers infringed on his company's patent on undervolting a CPU via interrupt and on multi-touch gestures such as the "pinch" movement.  Apple has sued HTC in multiple countries.

HTC has vigorously defended itself, complaining that Apple's patents are overly generic and obvious.  It has filed countersuit against Apple.

Apple is also suing Motorola Solutions Inc. (MSI) and Samsung Electronics Comp., Ltd. (SEO:005930), the other two biggest manufacturers of Google Inc.'s (GOOG) Android operating system.  Android smart phones outsold Apple's iPhone over 2 to 1 globally in the last quarter.

HTC rose from relative obscurity by becoming one of the first phone makers to wholeheartedly embrace Android.  Today it is one of the most prominent Android phone makers on the market.

The AFP report contains a minor error in that it states that Apple and Finland's Nokia (HEL:NOK1V) are currently suing each other.  Those suits have actually been settled by both parties under a licensing agreement.

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RE: macdevdude
By KaTaR on 7/12/2011 6:04:36 PM , Rating: 1
Better yet, I have a Bloomberg Terminal.
I can tell you their stock price for any day since they listed on March 25, 2002.

RE: macdevdude
By Cheesew1z69 on 7/12/2011 6:28:05 PM , Rating: 1
Great for you, but you claim the numbers he posted are wrong, they aren't. Not sure where you got your numbers from.

RE: macdevdude
By KaTaR on 7/12/2011 7:05:24 PM , Rating: 4
My numbers are 100% correct.

In 2006 HTC (2498 TT) traded between 229.8 (low on Jan 3, 2006) and 428.38 (high on May 4, 2006). There was no 800 print during the year. The stock never hit 800 in its history until Nov 2010.

This is the software terminal that professionals use and costs over $2,000 per month. Whatever free web site you are getting your info from it's wrong.

RE: macdevdude
By borismkv on 7/12/2011 7:55:33 PM , Rating: 2
and the terminal is called...?

RE: macdevdude
By borismkv on 7/12/2011 8:04:49 PM , Rating: 2
Never mind this post...

RE: macdevdude
By borismkv on 7/12/2011 8:04:20 PM , Rating: 2
Baron's puts the 2006 average for HTC at about 250ish.

RE: macdevdude
By GulWestfale on 7/12/2011 10:28:32 PM , Rating: 3
HTC is telling it like it is: crapple cannot compete against a whole legion of smartphones with its one iphone model (that can't make calls without a bumper lol), so they sue to get some attention.

i hope one day they will get a judge who sees through their bullshit, and fines them a billion or two for wasting the court's time and the taxpayer's money.

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