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Post by SandStorm on Sept 28, 2006 12:38:07 GMT
TAIPEI, TAIWAN, 28 September, 2006 – To stem unsustainable losses at BenQ's mobile operations, BenQ Corporation's board of directors convened today and resolved to discontinue capital injection into BenQ Mobile GmbH & Co OHG, its German mobile phone subsidiary. The subsidiary is considering filing for insolvency protection.
BenQ Mobile GmbH & Co OHG's operations in Germany, including Munich, Bocholt and Kamp-Lintfort may be affected. Other subsidiaries in Brazil and other locations are reviewing their financial position. BenQ will continue its branded mobile business in selected markets leveraging its existing R&D and manufacturing operations in Asia.
"Since October 2005, we have committed and invested an inordinate amount of capital and resources into our German mobile phone subsidiary. We have worked alongside our German colleagues from the beginning and were able to achieve quite a number of milestones," expressed K.Y. Lee, BenQ Corporation Chairman. "Despite the progress achieved in reducing cost and expenses, widening losses have made this very painful decision unavoidable," continued Mr. Lee.
BenQ emphasized that adjustments to its mobile operations do not change the company's unwavering commitment to its branded business and focus on providing integrated manufacturing services.
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Post by DITO on Sept 29, 2006 17:26:29 GMT
so they stopped
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Post by Iver on Sept 29, 2006 17:37:52 GMT
It is so sad
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Post by SandStorm on Sept 29, 2006 22:50:09 GMT
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Post by SandStorm on Oct 4, 2006 18:08:02 GMT
Failing Math But as one of the largest European telecommunications companies, Siemens should not act as shocked as it claims to be to see a failing company fail. “The outcome is natural. It’s a simple math equation,” said Brad Akyuz, senior analyst in the mobile devices division of Current Analysis. “Competition is getting stronger, and if you don’t have enough resources to keep up, you are going to lose money. It’s as simple as 2 + 2 = 4.” BenQ was given €413 million ($525 million) in the final acquisition deal from Siemens to keep the handset division afloat. Since BenQ took over the business in 2005, it has lost €600 million ($760 million) due to mobile operations. Siemens stock rose $0.09 to $86.58 in recent trading on the New York Stock Exchange, while BenQ fell 2.7 percent to NT$18.25 ($0.55) at the close of the market in Taipei on Tuesday. Last Sunday, after news of BenQ’s insolvency, German newspapers like Bild Am Sonntag, politicians like Chancellor Angela Merkel’s coalition government, and Economy Minister Michael Glos rained criticism on Siemens for the sale of their Siemens Mobile. “Siemens should have been able to do what Nokia did,” said Mr. Glos to German newspaper Welt am Sonntag, referring most likely to Nokia’s 2004 networks equipment division that was saved through reorganization but still had some layoffs. Making Amends After Siemens sold its handset unit to BenQ, it announced a 30 percent raise was going to take place for its executives. This caused an outpouring of criticism from labor unions, the press, and public officials as Germany is a “labor-sensitive environment,” said Mr. Akyuz. Siemens claims that all €5 million set for the raise will now go to former Siemens employees currently working for BenQ Mobile. The engineering company has also assured employees that Siemens will “provide financial support and pay for employee education and retraining.” The statement Monday also said that Siemens will treat all BenQ Mobile employees as internal applicants for the 2,000 current job openings at Siemens in Germany. “ It’s natural they act surprised, because it wouldn’t be very unethical to say they knew the mobile division was going to go down so they wanted to get rid of it,” said Mr. Akyuz. “I’m not saying they knew this, but [I’m] pretty sure they knew this [unit] wasn’t doing very well.” from here: www.redherring.com/Article.aspx?a=18929&hed=Siemens+Funds+Former+Employees§or=Industries&subsector=Computing
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560sel
Hey mama, I can spell SIEMENS!
Posts: 134
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Post by 560sel on Oct 7, 2006 22:30:17 GMT
BenQ to Shut Down Siemens Mobile Phone Biz in Germany Taiwan-based BenQ has announced that it is planning to shut down the German mobile phone business of electronics giant Siemens, which it recently acquired. BenQ also has decided to end investment in its own German mobile phone offshoot, BenQ Mobile, due to the unit's weak performance in the intensely competitive global mobile phone market. German electronics giant Siemens' (NYSE: SI) Latest News about Siemens German mobile phone business could be facing closure following the announcement Thursday by its new owners, Taiwan-based BenQ, that it was planning to apply for the unit's insolvency. About 3,000 jobs have been placed at risk by the move, which comes one year after the Taiwanese consumer electronics group took over the loss-making Siemens mobile phone operations. The board of BenQ decided Thursday to end investing in its German mobile phone offshoot, BenQ Mobile, which has also recently turned in a weak performance in the intensely competitive global mobile phone market. BenQ plans to continue production of its BenQ-Siemens brand mobile phones in Asia, threatening the jobs of 1,400 working in the group's head office in Munich and factories in Germany. Under last year's deal with Siemens, BenQ said it would guarantee jobs through to the middle of this year. In July, BenQ said that it planned to cut 10 percent of its German workforce as part of restructuring its operations in the country. However, since then reports in the German media said that BenQ planned to shut operations in Germany and to slash the salaries of its top-ranking executives. Earlier this month, BenQ Mobile announced that it was closing production plants in Mexico and Taiwan. www.technewsworld.com/story/networks/53296.html----------------------------------------------------------------------------------- I'm not surprised at all I've expected that to happen from those asian motherf*ckers !! they didn't do anything to siemens and they won't Farewell siemens
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Post by Iver on Oct 7, 2006 22:41:33 GMT
Farewell Siemens mobile I'll miss u.........
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Post by SandStorm on Oct 7, 2006 23:15:43 GMT
Good bye Siemens Mobile Communications... Now, we have collector devices... This is bad news for the forum too. I will close this site in around 1 or 2 years. :s
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Post by DITO on Oct 8, 2006 18:24:10 GMT
Good bye Siemens Mobile Communications... Now, we have collector devices... This is bad news for the forum too. I will close this site in around 1 or 2 years. :s how will you close it it not our problem but we will continue and i will not close my C65w although when i change it but i am too sad too
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Post by SandStorm on Oct 8, 2006 18:36:43 GMT
slowly the persons don't use the phones (say, x35 series, and x45 series, almost are not used and no more users asking stuff about those, the x55 is running now the same way) and then, the forum will end up unused
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Post by DITO on Oct 8, 2006 18:56:45 GMT
why not you continue in BenQ-Siemens new phones
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Post by SandStorm on Oct 8, 2006 19:11:05 GMT
Because new benq-siemens phones will be only benq phones.
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560sel
Hey mama, I can spell SIEMENS!
Posts: 134
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Post by 560sel on Oct 9, 2006 3:19:17 GMT
this is a real crisis
after all those years and all the inventions they've made in the field of mobile devices and telecommunications , they become part of history ?!! oh man I'm really shocked !
now we are in real problem , what are we going to do ?!
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Post by Iver on Oct 9, 2006 6:21:39 GMT
now we are in real problem , what are we going to do ?! I was also very shocked... But there is nothing we can do. My last BQS phone could be E71. After that I don't know. There is the end. I give up. Goodbye.
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Post by DITO on Oct 9, 2006 18:16:20 GMT
now we are in real problem , what are we going to do ?! I was also very shocked... But there is nothing we can do. My last BQS phone could be EL71. After that I don't know. There is the end. I give up. Goodbye. i think i will buy one EL71 if it's one german made and i will not sell my C65
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Post by Iver on Oct 10, 2006 6:43:51 GMT
Sry, I meant E71.
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Post by DITO on Oct 11, 2006 17:18:52 GMT
it's a bad end no one thought that one day we will not see Siemens mobiles again the german giant but we have to keep our Siemens phones and think if we can go for another brand or not but about me i will never buy one benq phone
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Post by SandStorm on Oct 11, 2006 22:09:04 GMT
depend from the phone of course. If expected benq to release more phones like P51.
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Post by DITO on Oct 13, 2006 16:20:39 GMT
about me all phones i can buy should be with a nice price which i can pay for like the price of M75 or that range
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Post by SandStorm on Oct 13, 2006 17:00:29 GMT
So, maybe something like HTC? HTC did pda's for O2, Voda, etc, had several sub grands like Qtek, I-mate, and recently they started to use their own name on those products. Can it happen, once the 5 years usage of benq-siemens brand, they create one completelly new brand?
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