It’s a good thing HTC (2498) dialed back its Beats investment last month, because the $150 million it will save on that deal might help take the sting off the $40 million the company just lost on another investment. OnLive, a cloud-based gaming company that launched two years ago, just imploded. Huge layoffs swept the gaming startup late last week as the firm’s assets were acquired by a new company. According to a recent filing with the Taiwan stock exchange uncovered by IDG News, the $40 million investment HTC made in the streaming video game service will evaporate as part of that acquisition. Following a record run in 2011, HTC has hit a rough patch that recently saw $1 billion shed from its market capitalization in just two days as investors responded to the firm’s lowered third-quarter guidance. The company’s latest One-series smartphones were well-received by reviewers, but the devices have not stopped HTC from losing a great deal of ground to Samsung (005930), which is now the only profitable Android vendor among global smartphone makers.


Zach Epstein has worked in and around ICT for more than 15 years, first in marketing and business development with two private telcos, then as a writer and editor covering business news, consumer electronics and telecommunications. Zach’s work has been quoted by countless top news publications in the US and around the world. He was also recently named one of the world's top-10 “power mobile influencers” by Forbes, as well as one of Inc. Magazine's top-30 Internet of Things experts.