BenQ Mobile starts liquidation process
Posted Jan 3rd 2007 2:15PM by Brian White
Filed under: Cellular, Business
In a sour deal that was doomed from the start, BenQ Mobile will most likely start selling off assets in order to liquidate itself soon. The company purchased the assets of Germany's Siemens mobile division in 2004 after Siemens lost tons of money on its mobile division.
It's still hard to imagine how one of Germany's larger telecoms could not figure out how to compete in the mobile handset business, so it
actually paid BenQ to take the division off its hands. Big mistake, as BenQ carried the tradition of not knowing what to do, how to make and market products and how to turn a profit with the Siemens purchase -- so here we are again.
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