The alarming behavior of HTC’s management

[Wireless News]

The latest quarterly report-horror from HTC-had a psychologically fascinating element. The third-quarter loss of $100 million was nearly twice as big as the analyst consensus expected and HTC managed to miss the revenue guidance it had issued a few months earlier. Why is this fascinating? Precisely because we have seen this same pattern repeat itself for so many times, yet it still persists. HTC’s high-end strategy started falling apart-during around Christmas 2011. The company has wrestled with sales and earnings by missing expectations for nearly two years now, but it is still unable to guide investors appropriately for the-following quarter. HTC’s executive team consists of people who have been messing up forecasting since Flo Rida was relevant yet the company-still

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