HTC to cut back on phones, spending and jobs

HTC to cut back on phones, spending and jobs:

Turning around HTC requires more than just unveiling a new phone. Ever since CEO Cher Wang made the announcement that the company would be redesigning its next flagship handset, fans of the brand have been hoping that the phone, dubbed the HTC Aero, would turn out to be a true "Hero" phone. By that, we mean that not only would the unit be as fully-spec'd as possible, but would also rescue HTC from the financial mess it has found itself in. With the value of the company (as seen by its publicly traded shares) down by 51% this year, HTC has been forced to come with a plan to reverse the current downtrend.



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