BenQ pulls the plug on its German mobile division
Auf wiedersehen, BenQ-Siemens, we hardly knew ye. Yes, the struggling German mobile division of BenQ has just filed for bankruptcy protection as per orders from BenQ headquarters in Taiwan. The International Herald Tribune reports that BenQ estimated the company has lost $762 million on the mobile division (which employs 3,000 workers) since it took over the Siemens business in October 2005. Further, The Associated Press adds that the German division will be completely excised from BenQ "financially and operationally once the bankruptcy protection is approved." It's too bad that we won't have the maker of "feminine luxury" or of the "Treo 600-killing" P50 to kick around anymore, because really, who doesn't love a good underdog?
Read - IHT
Read - AP
[Thanks, Antti]
