This Doesn't Bode Well for IDCC

This week featured speculation of a rate cut from the European Central Bank, an actual China interest rate cut of 25 basis points, as well as a bout of wondering whether the Fed chief, Uncle Ben Bernanke, would bring more sugary stimulus to the slowing (if not faltering) U.S. economy. But lost in all this was the fact that HTC cut its outlook for the current quarter.

More specifically, the Taiwan-based smartphone maker reduced its second-quarter revenue forecast by 13% due to lower-than-expected sales in Europe and delays associated with its latest smartphone models in the U.S. As part of the guidance revisions, HTC confirmed that its May sales had dropped 26% year over year. The guidance revision also included a one-time charge related to the clearing up of channel inventory for products that shipped last year.  HTC's smartphones had been closely associated with Microsoft's (MSFT) mobile efforts. More recently, the company was widely expected to be a key contender in the smartphone market as it has embraced Google's (GOOG) Android operating system....432 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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