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While no one wants to wake up to the news that Apple — one of the most successful consumer brands — has filed a lawsuit against you, in this case, little-known HTC must have celebrated just a tiny bit.
In 13 years, the Taiwanese has grown to more than 9,000 employees worldwide, including 3,000 engineers and 125 employees in North America. Last year, it hit its stride by releasing some of the flashiest non-iPhone devices on the market, like the Hero, the T-Mobile myTouch and the HD 2. That’s a far cry from the first iPaq personal computer it built for Compaq 10 years ago. Now HTC is in the company of Nokia (NYSE: NOK), which has also exchanged patent disputes with Apple (NSDQ: AAPL).
While the lawsuit may represent some well-deserved recognition, it will also present significant distractions for the small company and increase legal scrutiny it potentially wasn’t prepared for.