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To: elmatador who wrote (327)	12/18/2006 10:35:09 AM
From: waitwatchwander	Respond to of 356

BenQ to Shutter Beijing Handset R&D Center DEC 18, 2006 08:07:45 AM BenQ will close a mobile phone research and development center in Beijing as it continues to slim operations. The company opted earlier this year to stop investing in a German subsidiary due to rising losses. The Taiwanese company will shift work from the Beijing center to R&D labs in Suzhou, China, and Taiwan, BenQ said Monday. Closing the Beijing facility will help it reduce costs and work more efficiently, it said. Around 400 workers in Beijing will be affected by the closure, but some of them are expected to relocate to Suzhou. The closure shows BenQ is still trying to recover from its push to become a global handset player via BenQ Mobile, the mobile phone operation it took over from Siemens last year. The operation was such a burden to Siemens that it paid BenQ €250 million (US$327.1 million) to take it over. It proved too difficult for BenQ to turn around, despite strong intellectual property and a solid brand name in Europe. The decision to step away from the business cost BenQ dearly, and the company still faces financial troubles from the move. BenQ lost NT$12.22 billion (US$375.1 million) in the third quarter of this year, mainly due to inventory and impairment charges related to BenQ Mobile. It was BenQ’s fourth straight quarterly loss. In all, the Taiwanese company reckons it lost over US$1 billion in its mobile phone operations over the past year. Analysts roundly blamed stiff competition in the mobile handset business for BenQ’s troubles. Nokia and Motorola have been taking market share away from most of their rivals in the handset business this year. -Dan Nystedt, IDG News Service (Taipei Bureau) cio.com

To: elmatador who wrote (327)	4/18/2007 6:40:23 AM
From: waitwatchwander	Read Replies (1) \| Respond to of 356

BenQ Senior Executives Charged for Insider Trading Tuan Nguyen (Blog) - April 16, 2007 4:13 PM Insider trading is a big no-no in the U.S. and there's no escape for guilty overseas participants either. Several weeks ago, BenQ executives were detained for questioning on suspicion of insider trading. BenQ's senior vice president and chief financial officer Eric Yu was detained by prosecutors with at least 13 other executives either in jail or on bail. Despite the legality surrounding its business practices, BenQ's chairman Kun-Yao Lee was left unquestioned and deemed innocent, until now. Taiwanese prosecutors released news that Kun-Yao Lee was detained for questioning for a total of eight hours, revealing that his involvement with BenQ's insider trading was deeper than prosecutors had thought. BenQ president Sheaffer Lee was also detained and found guilty of insider trading. "We discovered new evidence through the questioning and the Lees seemed to be a lot more involved in the case than we had originally expected, so we decided on bail deals for them," said John Chang, representative for the Taoyuan District Prosecutor's Office. Despite being targeted as guilty, Lee denied all charges against him, saying that BenQ was not involved in insider trading practices and that there was no illegal trading of company stocks. Lee also defended Eric Yu's innocence in the case. K. Y. Lee and Sheaffer Lee were released on bail of NT$15 million and NT$10 million respectively. dailytech.com