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BenQ Mobile to be Broken Up


 
 
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Old 03-01-2007, 05:00 PM
Janak Parekh
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Default BenQ Mobile to be Broken Up
http://www.forbes.com/feeds/ap/2007.../ap3459289.html

The bankrupt German handset business of Taiwan's BenQ Corp. will be split up and sold, its insolvency administrator said Saturday. 'There is no longer a realistic chance of it being sold as a whole,' spokesman Martin Prager said, confirming a report in Germany's Sueddeutsche Zeitung. Munich-based BenQ Mobile filed for insolvency protection in September, a year after the Taiwanese firm took over the struggling unit from Siemens AG and began an unsuccessful bid to turn it around."



Somehow, a mobile company that can't manage to release mobile phones faces liquidation and a break-up. Truly a shocker. :roll:
 
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