BenQ throws more money at unprofitable handset business

When BenQ bought the complete wireless handset division from Siemens in 2005, the German company must have let out a collective sigh of relief. Siemens' handset venture was going nowhere and it was losing money hand over fist. I guess BenQ thought all of this could be turned around.

Well, not yet. BenQ's wireless handset division has consistently lost money and the date to which BenQ thinks its mobile division will turn a profit was pushed back to mid-2007. Not to be undermined, BenQ is pumping another $400 million into its mobile business -- hope it pays of for the company.

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