Can HTC’s billionaire chairwoman bail out a sinking ship?

Can Cher Wang, billionaire co-founder of HTC, keep them from following in the footsteps of other beleaguered smartphone manufacturers? She faces a tough putt.

My favorite part of the article:

It’s worth noting that the 55-year-old, Berkeley-educated Wang personally managed HTC’S relationship with Microsoft during the time when its phones primarily used the Windows Mobile operating system. “Once a year,” the Times noted in its profile, “she flies to Seattle and meets with Bill Gates and Steven A. Ballmer, the company’s chief executive.”

The last mobile-phone chief with close ties to Microsoft was Nokia’s Stephen Elop, who recently presided over the sale of the Finnish firm’s handset business to Microsoft. With Wang taking the helm, will HTC find itself similarly drawn into Microsoft’s orbit?