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BenQ Sells Off Digital Camera Business

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BenQ Sells Off Digital Camera Business

Postby Ian on Fri May 18, 2007 8:55 pm

Reuters has reported that BenQ is selling off its digital camera business to Ability. At this point you have to wonder what is left.

http://www.reuters.com/article/technolo ... 2720070518

Taiwan's BenQ (2352.TW: Quote, Profile, Research, which has struggled under the weight of a loss-making cellphone unit, said on Friday it is selling its digital camera-making business to Ability Enterprise (2374.TW: Quote, Profile, Research, as it sheds assets to raise cash.

BenQ did not give a price for the sale of the unit, which includes both product development and manufacturing facilities.

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But it said Ability, a Taiwan-based digital camera maker, would pay for the assets based on their book value on June 30.

One analyst said digital cameras accounted for only a small part of BenQ's sales, with the bulk coming from LCD monitors and TVs, projectors and disc drives.

BenQ said about 70 employees, most of them involved in research and development, would join Ability starting on June 1.

BenQ will continue to sell digital cameras under its own brand name after the sale.

Yay.. rebadged cameras.
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Postby LoneWolf on Tue May 29, 2007 9:57 am

LCD displays are about the only thing I can think of at this point. I don't think BenQ will be around much longer...too much mismanagement/scandal at the upper levels, and selling off divisions left and right.
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