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HTC Drops 7%: Canaccord, Bernstein Cut to Hold on Dwindling Prospects

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Linked by BARRONS.com: Tech Trader Daily ( track newsfeed | ignore newsfeed ) - August 06, 01:34PM from (blogs.barrons.com)

Shares of Taiwan's HTC (2498TW) fell almost 7% to $258.50 in Taipei, in New Taiwan dollars, following the company's warning on Friday that it will miss Q3analyst estimates, and this morning's report of July revenue totaling $25 billion, down 45%, year over year, and 18%, quarter to quarter.

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