pda
The Company Formerly Known as BenQ-Siemens (BenQ Mobile) is Gone for Good
Filed in archive Benq-Siemens by Rico Mossesgeld on March 3, 2007
The Company Formerly Known as BenQ-Siemens (BenQ Mobile) is Gone for Good
Buying a failing company and turning it around is very hard to do. benq learned that the hard way when it bought Siemens' mobile division back in 2005. Two years and 600 million dollars saw no reversal of fortune, so BenQ Mobile applied for bankruptcy protection last October.

So it's no surprise that no one's willing to buy the company in its entirety. No one was willing to take over the whole operation, which is why BenQ Mobile is auctioning off pieces of itself.

It's been a sad story for BenQ Mobile, but at least someone gets it. Martin Prager, the insolvency adminstrator (he was responsible for finding the company a way out of bankruptcy) said "We have to acknowledge that the market has decided against BenQ Mobile."

Permalink: The Company Formerly Known as BenQ-Siemens (BenQ Mobile) is Gone for Good
Tags: BenQSiemens+Dissolution  BenQ+Mobile+Breakup  mobile  benq  2007  benq+mobile  benq+siemens  siemens+benq 
Trackback: http://publish.creative-weblogging.com/publish/mt-tb.pl/56057
img Addthis img Ask img Blinklist img del.icio.us img Digg img Fark img Facebook img Google img Lycos img Ma.gnolia Add this page to Mister Wong Mr Wong img Netscape img Netvousz img Newsvine img Reddit img StumbleUpon img Slashdot img Tailrank img Technorati img Wink img Yahoo

Vote for The Company Formerly Known as BenQ-Siemens (BenQ Mobile) is Gone for Good:

  • Currently 10.00/10
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
Rating: 10.00 out of 1 vote(s) cast.
Subscribe
Share It
RSSrss
See all blog subscribe options
Google google
What is RSS?
Yahoo! yahoo
Addthis Subscribe using any feed reader!
Bloglines Bloglines
Newsletter

TwitterFollow us on Twitter!