Latest in Bankruptcy

Image credit:

BenQ pulls the plug on its German mobile division

Cyrus Farivar
09.28.06
Share
Tweet
Share
Save

Sponsored Links

Auf wiedersehen, BenQ-Siemens, we hardly knew ye. Yes, the struggling German mobile division of BenQ has just filed for bankruptcy protection as per orders from BenQ headquarters in Taiwan. The International Herald Tribune reports that BenQ estimated the company has lost $762 million on the mobile division (which employs 3,000 workers) since it took over the Siemens business in October 2005. Further, The Associated Press adds that the German division will be completely excised from BenQ "financially and operationally once the bankruptcy protection is approved." It's too bad that we won't have the maker of "feminine luxury" or of the "Treo 600-killing" P50 to kick around anymore, because really, who doesn't love a good underdog?

Read - IHT
Read - AP
[Thanks, Antti]

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Share
Tweet
Share
Save

Popular on Engadget

YouTube Originals will be free to watch starting on September 24th

YouTube Originals will be free to watch starting on September 24th

View
Nintendo will replace a newly purchased Switch with newer model

Nintendo will replace a newly purchased Switch with newer model

View
Google pulls 85 Android apps with particularly obnoxious adware

Google pulls 85 Android apps with particularly obnoxious adware

View
24 hours with the Samsung Galaxy Note 10+

24 hours with the Samsung Galaxy Note 10+

View
A popular immigration bill is bad news for US esports

A popular immigration bill is bad news for US esports

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr