Janak Parekh
08-15-2007, 04:50 AM
<div class='os_post_top_link'><a href='http://www.pcworld.com/article/id,135816-c,bankruptcies/article.html' target='_blank'>http://www.pcworld.com/article/id,1...es/article.html</a><br /><br /></div><i>"The mobile phones that once flowed from bankrupt German handset manufacturer BenQ Mobile GmbH & Co. OHG are being replaced by lawsuits...BenQ Mobile's insolvency was triggered after its parent company BenQ Corp. decided last year to cease investment in the German operations, formerly owned by Siemens AG. The German electronics and engineering giant had agreed to sell its money-losing mobile phone manufacturing business to BenQ in June 2005, due to disappointing global sales of its handsets and high product costs. But the Taiwanese manufacturer failed to turn around the handset business and, after deciding to call it quits, has since been the target of intense litigation."</i><br /><br />Note the word <i>again</i> in the title. It looks like the one thing BenQ was less competent at than releasing mobile phones was running a business. :? It's sad to see the once-proud Siemens unit reduced to this utter mess.