HTC CFO Says Company Won’t Need to Tap Capital Markets

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HTC Corp will not need to tap the capital markets

HTC Corp is not going to wish to tap the capital markets in 2015 or even beyond, the Taiwanese smartphone maker’s chief financial officer told Reuters on Wednesday, citing its lack of debt, $1.7 billion in cash and the power to fund itself.

“i don’t suppose we wish to worry about it in any respect,” Chilin Chang mentioned in an interview on the sidelines of the corporate’s launch of a new smartphone and miniature related camera. “We’re now not going to the capital markets for funding. We are able to self-fund ourselves very sufficiently.”

HTC’s phones have frequently struggled to translate certain early opinions into sturdy gross sales and the Taipei-primarily based former contract producer has discovered it tough to build its personal identity in an increasingly more aggressive space.

The company closing week pronounced better-than-forecast 1/3-quarter revenue, but primarily because of price cuts relatively than better sales.

Chang mentioned the corporate now has a strong portfolio of telephones at costs a good way to entice buyers in both developed markets and emerging ones.

“i believe with a more robust portfolio we’re going so that you could show that we are able to grow again,” he said. “optimistically people will really feel in the subsequent revenue call with the steerage, we are able to get the momentum back.”

HTC CFO Says Company Won’t Need to Tap Capital Markets in 2015

 

He also mentioned the company has no interest in being obtained and that it may “very best deliver shareholder worth on our personal, independently.”

Like other, higher mobile phone makers equivalent to Apple Inc and Samsung Electronics Co Ltd, HTC is making an attempt to diversify into other “related” devices to seek out new increase outdoor an increasingly more commoditized house, although he stated telephones remained the company’s “key bread and butter.”

Chang declined to touch upon reviews that Google Inc has chosen HTC to make its upcoming 9-inch (23-cm) pill or that the two corporations could collaborate on a “sensible watch” even though he mentioned that the company was engaged on other “good devices.”

The “Re” digital camera, which will also be controlled remotely from an Android or Apple cellphone, represents one effort to branch out beyond phones. On condition that the cylinder-formed software is water resistant and is very portable, it is usually seen as a possible competitor to gopro Inc cameras.

Chang said that was the unsuitable comparability for the reason that gopro cameras are namely geared toward “excessive” sports while the Re, that will sell for $199 in the united states, is aimed toward everyday use.

He refused to be drawn on whether the Re digital camera, or the need Eye mobile phone, which options 13 megapixel front and rear cameras, would make contributions extra to the company’s base line, or provide income goals for both product.