Dive Summary:

• HTC Corporation COO Matthew Costello has resigned from the company after a term of three years as declining sales have reduced the value of share in the company roughly 76% within the last two years.
• HTC was once the top-selling smartphone maker but the company reported a loss in 98% of net income last quarter amid conflicts with handset availability, failed marketing and management turnover.
• “HTC’s COO stepping down is a positive move as there were too many executives…a moderate streamlining is good for the company.” says Bamboo Lin, analyst with SinoPac Securities Co.

From the article:

HTC, the first maker of phones using software from Microsoft Corp. and Google Inc., has seen its share of the global smartphone market share fall to less than 4.2 percent from 10.3 percent in the third quarter of 2011, according to market researcher IDC. During that period, Samsung (005930) and Apple (AAPL) shipments more than doubled, helping trigger a 40 percent drop in HTC’s stock last year after a 42 percent decline in 2011, according to data compiled by Bloomberg.