Although Taiwanese mobile maker HTC hit high with second quarter 2012 earnings woes already, IDG reports that the company loses another $40 million in wake of restructuring cost it made for its cloud service OnLive. The company announced the investment loss in a Taiwan Stock Exchange filing, blaming on by giving the reason that there is a “lack of operating cash and an inability to raise new capital.”
High infrastructure cost associated with running of day-to-day operations of service, results in OnLive failing to make profit. The company on Friday even made a mentioned that service being acquired by an “anonymous owner,” allowing OnLive to breathe again and continue its operations.
(Image Source: HTC logo, Featured Image)
