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19 Aug 2012
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18 Aug 2012
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Ballet for the troubled
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HTC invests $35.4 million in U.S.-based enterprise platform firm
Big retailers team up on mobile payments plan
Wed, Aug 15 2012
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Wed, Jul 25 2012
BofA, Wells Fargo rolling out new mobile banking services
Tue, Jul 24 2012
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Sun, Jul 22 2012
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Mobile technology boosts water security for the poor
A man poses with a replica of the HTC smartphone inside a mobile phone shop in Taipei April 6, 2012.
Credit: Reuters/Shengfa Lin
Mon Aug 20, 2012 6:40am EDT
TAIPEI (Reuters) - Taiwanese smartphone maker HTC Corp said it will buy a 17.1 percent stake in a U.S. next-generation enterprise platform company for $35.4 million in order to enhance service offerings to its mobile enterprise customers.
"The investment will bring social, mobile, and cloud capabilities to HTC's portfolio of service offerings to its mobile enterprise customers," HTC said in a statement on Monday.
The target company, Magnet Systems, headquartered in Silicon Valley, is a platform builder of a next-generation enterprise applications that accelerates the development and delivery of mobile enterprise applications, according to HTC.
Shares of HTC shed 4.2 percent on Monday, versus a 0.48 percent decline in broader market.
(Reporting by Clare Jim; Editing by Ed Lane)
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