Deals
HTC Follows BlackBerry to Smartphone Dead-End: Chart of the Day
This article is for subscribers only.
HTC Corp., the smartphone maker that’s lost 90 percent of its market value since 2011, is still too expensive for potential buyers following acquisition deals for BlackBerry Ltd. and Nokia Oyj, said Yuanta Securities Co.
The CHART OF THE DAY shows Taoyuan City, Taiwan-based HTC trades at 1.4 times net assets, almost triple the 0.5 level of BlackBerry, the smartphone maker that agreed Sept. 23 to a $4.7 billion buyout. The lower panel shows the consensus ratings of analysts who follow HTC, BlackBerry and Nokia, which agreed last month to sell its handset business. The Taiwanese company is ranked 1.6 out of a possible 5, the lowest of more than 500 listed technology companies, data compiled by Bloomberg show.