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Changes at HTC + HTC announces latest financial results August 31, 2005 [General] | By Edward J. R. HTC thrives and experiences unprecedented growth - thanks to production of Windows Mobile phones! HTC is producing their own phones that are later branded by operators (like T-Mobile, Orange, Vodafone) and distributors (like i-mate, Qtek) but also is manufacturing phones for other vendors - for example HP iPAQ hw6500 Pocket PC phones are also manufactured by HTC... 
More information from HTC follows. * * * * * HT Cho focuses responsibility as Board Member and the President of HTC Foundation HTC today announce the change of high rank of executives. HT Cho shift his responsibility of CEO and will focus his role as HTC's board member, and the chairman of HTC foundation, a public welfare organization. HT stated, "from the end of April of 2004, in completion of the position of the President, HTC operation responsibility had been gradually transferred to the new President, Peter Chou. I personally lessened my responsibility since then. Over the past year, HTC is not only well run by Peter Chou, but also repeatedly breaks through, which echoed from international customers, media, and shareholders. He has built up solid foundation for the continuum of HTC development. In consideration of my personal time management, I wish to allocate more time to participate in the matters of public service to pay back society. As to the development of HTC, in its strategies and management, I still will provide my suggestions as board member all the time." Peter Chou said, " in the beginning of HTC, HT Cho already expressed his wish to fulfill the contribution as a citizen of our society. Therefore, social obligation has become one of HTC's visions. Under his leadership of execution, quality control, and foresighted strategy, the culture of HTC has been well established. Furthermore, HT Cho will still assist management team to blueprint our future as the board member." "Many HTC's team members have worked with HT Cho more than 20 years. Personally, he is a friend as well as a mentor to me. His personal characters in quality control, technology persevering are resonant in his style of management. He never once compromises in challenges. He is always my boss, teacher, and my friend. As to HTC, his transformation of the responsibility will not alter the continuity of the passion searching for perfection in HTC. The culture in HTC will never be changed. In the future, management integrity, quality refinement, employee encouragement, and innovation pursuit will be a wheel of future continuum. In hope this culture would create the long term value of shareholders as well as society," said by Peter Chou. * * * * * HTC 1H05 Net Profit Set Record High, EPS 11.54 High Tech Computer Corp. (TAIEX: 2498) today announced net sales for the first half of 2005 were NT$28,688 million and net income after tax totaled NT$4,056 million. For the first half of 2005, revenues totaled NT$ 28,688 million. Net income before tax and after tax reached NT$ 4,174 million and NT$ 4,056 million respectively, up 138 percent and 141 percent year-over-year. Earnings per share before tax and after tax were NT$ 11.88 and NT$ 11.54 respectively. As for the financial results of the 2nd quarter of 2005, total revenues reached NT$ 15,437 million and net income after tax totaled NT$ 2,484 million with 91% and 155% YoY growth respectively. Earnings per share were NT$ 7.07. * * * * * Source: web site of HTC.  Post your comment (free registration is required to post, but if you register you can edit your posts later)
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