213:
221:
356:
487:
471:
29:
396:
against BenQ about the future use of the brand and patents, although no claim would be made. Siemens was heavily criticised by some German politicians and labour unions for mismanagement that led to the bankruptcy under subsequent BenQ ownership. A BenQ executive said that stopping funds for the Mobile subsidiary and forcing it into
229:
395:
having said that
Siemens is responsible for the BenQ Mobile (i.e. former Siemens Mobile) employees who are at risk. Siemens set up a 35 million euros fund for the employees. Siemens stopped payment still owed to BenQ related to the original acquisition on 5 October and considered taking legal action
382:
The company ended up making huge losses, with parent BenQ losing $ 1 billion (€840 million) from the acquisition to
September 2006, and its share price dropping by 45 percent. BenQ Mobile only had a global 2.4% market share as of Q3 2006, demonstrating its failure to turn the business around in its
406:
A scandal investigation was launched into
Siemens's and BenQ's roles in the bankruptcy of BenQ Mobile amid allegations that financial offences were committed. As of March 2007, 13 executives, including Eric Yu, were detained in Taiwan accused of selling their shares in BenQ before the announcement
438:
Martin Prager launched a 26-million-euro lawsuit against its former parent BenQ in August 2007 on top of 80 million euros already claimed. The lawsuit was partly for BenQ bonus payments promised to BenQ Mobile employees in
Germany that were paid by the BenQ Mobile subsidiary. In July 2008, Prager
289:
would pay BenQ at least 250 million euros to get the new venture to a solid start, in return of a 2.5% stake in BenQ. The acquisition was completed on 1 October 2005, with the formation of BenQ Mobile, led by a German CEO, Clemens Joos, and a
Taiwanese chairman, Jerry Wang. Joos had already been
457:
only), E52, C31, C32 and SF71 – briefly continuing the lifespan of the BenQ-Siemens brand. In August 2007, BenQ announced that it would resume production of mobile devices using its own "BenQ" brand, coming with the announcements of the BenQ E72, M7 and T51 models that would initially launch in
390:
court on 29 September 2006, a day after its parent BenQ decided to stop funding the unit. This sparked a debate in
Germany over whether BenQ only acquired the Siemens mobile division for its patents and intellectual property, and that it did not intend to continue manufacturing mobile phones in
407:
knowing about the bankruptcy filing. Shares in BenQ fell 7% to its lowest level in ten years. BenQ CEO K.Y. Lee was also detained a month later. At the same time
Siemens was facing wide allegations in Germany of internal corruption and bribery not necessarily related to BenQ Mobile.
479:
410:
After no suitable investors or buyers were found for the business, BenQ Mobile's insolvency administrator, Martin Prager, said on 2 January 2007 that the company would have to shut down. On 30 January the BenQ Mobile factory in
439:
threatened a multi-million euro lawsuit against
Siemens after claiming irregularities were found in the acquisition and that BenQ Mobile was already insolvent as early as May 2006 - a claim first reported by German newspaper
689:
football club following the signing of a four-year deal. The BenQ-Siemens name appeared on the shirts of Real Madrid in the 2006-2007 season, but the company's collapse meant that the sponsorship only lasted one season.
452:
After the company closed, its former parent company, BenQ, launched five new phones (produced in Asia) under the BenQ-Siemens brand during 2007 (the license still ran for another four years). These include the A53
448:
Former BenQ CEO K. Y. Lee, along with several executives including Eric Yu and
Sheaffer Lee, were cleared of their insider trading, embezzlement and forgery charges in August 2009, after a two-year trial.
1864:
370:
In
February 2006, the EF51 model was launched featuring music buttons on the front with a flip-down design that reveals a keypad. BenQ Mobile introduced the BenQ-Siemens P51 in March, a
285:
Siemens Mobile was loss-making and struggling in the market, and the division was then sold to BenQ Corporation in June 2005 to try to turn the business around. As part of the deal,
1949:
1944:
367:; the S68, a premium light and compact candybar phone targeting business users, being the successor of the SP65, and S88, a multimedia device with a 2-megapixel camera.
419:
bid farewell to the last 165 workers with flowers. The demise of BenQ Mobile caused 3,000 employees to lose their jobs. The company's assets were auctioned off in
1483:
1934:
1605:
1969:
1242:
1741:
1979:
1964:
1959:
1818:"Последние толефоны с надписью "BenQ-Siemens" / The last mobiles, carrying "BenQ-Siemens" logo - 23 Июня 2007 - Клуб фанатов BenQ-Siemens E71/EL71"
1954:
1329:
1157:
1096:
1639:
1974:
293:
Part of the reason why BenQ was chosen by Siemens was the Taiwanese company's interest to keep German locations open - the headquarters in
1185:
363:
On 17 January 2006, the first handsets under the new BenQ-Siemens brand were launched: the EF81, a slim clamshell phone similar to the
1268:
861:
987:
1690:
707:
1509:
1432:
811:
784:
1716:
1355:
733:
1406:
1060:
836:
1536:
400:
protection was a "really tough decision" and not as easy as "just walking away" as was reported by some media outlets.
960:
1380:
1121:
1919:
1214:
1792:
306:
1613:
755:
391:
Germany. The bankruptcy caused outrage in Germany over the possible thousands of job losses, with chancellor
1590:
270:
1890:
1294:
383:
first year. In September, it was announced that its factories in Mexico and Taiwan would halt production.
673:
603:
585:
BenQ-Siemens EF61 MIA Special Edition, Blue Whisper Color (regular version is called BenQ-Siemens CF61)
539:
533:
1842:
910:
551:
521:
512:
500:
495:
1034:
1562:
242:
1766:
1320:
1148:
1087:
116:
371:
935:
128:
120:
1381:"BenQ has 4th straight loss on costs for German unit - Business - International Herald Tribune"
124:
667:
1122:"With no willing buyers, BenQ will close its doors - Business - International Herald Tribune"
1939:
621:
302:
78:
1664:
884:
869:
212:
686:
349:
266:
183:
57:
1928:
412:
392:
364:
298:
1513:
220:
1012:
741:
1458:
478:
355:
486:
470:
341:. Before the acquisition BenQ was already making mobile phones – including two
1356:"Siemens Chief Promises Full Explanation of Bribery Scandal - DW - 25.01.2007"
459:
397:
338:
89:
39:
661:
655:
609:
597:
579:
574:
569:
545:
506:
430:
The losses of 2005 and 2006, wiped out all profits BenQ had made since 1999.
649:
639:
633:
627:
615:
591:
563:
557:
527:
416:
1510:"heise online - Production of BenQ Mobile handsets ends in Kamp-Lintfort"
441:
330:
445:. A settlement between Prager and Siemens was reached in November 2008.
28:
420:
342:
314:
310:
286:
274:
262:
147:
454:
387:
334:
326:
318:
294:
258:
247:
103:
99:
77:(BenQ-branded mobile handsets have been produced again since 2008 by
1817:
1215:"Siemens the Fall Guy in BenQ Insolvency Scandal - DW - 02.10.2006"
1035:"BenQ estimates a loss of US$ 1.1 billion on phones - Taipei Times"
228:
1843:"BenQ rejoins the smartphone market with two tepid Android models"
936:"BenQ-Siemens Brand Launched - Mobile Gazette - Mobile Phone News"
354:
227:
219:
211:
162:
1484:"A Swamp of Bribes: Siemens Forced to Battle Internal Corruption"
636:(Siemens SP65 Successors, The best-selling of BenQ-Siemens phone)
424:
250:
238:
188:
1767:"BenQ Siemens E52 and C31 - Mobile Gazette - Mobile Phone News"
862:"BenQ licenses Symbian OS for Smartphones | BenQ South Africa"
734:"BenQ Wins 17 Prestigious 2006 iF Design Awards | BenQ Nordic"
588:
BenQ-Siemens E80 (prototype, public model in BenQ-Siemens E71)
345:
322:
265:, was formed out of BenQ's acquisition of the then struggling
756:"Editorial: BenQ\'s failure a cautionary tale - Taipei Times"
1717:"BenQ administrator threatens to sue Siemens • The Register"
199:
1295:"Siemens Stops Payment to BenQ in Taiwan - DW - 05.10.2006"
1243:"Ex-Siemens Subsidiary Flops: BenQ Bankruptcy Causes Furor"
1691:"Bankrupt BenQ Mobile hits parent BenQ with third lawsuit"
837:"BenQ Corporation unveils new consumer brand BenQ-Siemens"
708:"BenQ-Siemens phone-maker files for insolvency protection"
374:
device and the only smartphone the company would release.
1640:"Ex-BenQ CEO K.Y. Lee Cleared Of Insider Trading Charges"
566:(Siemens ME75 Successors, others called BenQ-Siemens E80)
1433:"BenQ faces insider trading probe as CFO gets locked up"
518:
BenQ-Siemens C31 (Low-Entry version of BenQ-Siemens E81)
1407:"German prosecutors probing BenQ Mobile's bankruptcy"
1186:"BenQ blames management for $ 1B loss at mobile unit"
785:"Siemens seals fate of its mobile communications arm"
273:
in 2006 and also won many design awards in Germany's
269:
group in 2005. The newly formed company won the most
1865:"Joint BenQ Brands To Appear On Real Madrid Jerseys"
1793:"BenQ Siemens SF71 Joins in the Shiny Clamshell Fun"
1665:"Insolvency administrator sues BenQ for 26 mln euro"
403:
2,000 employees were laid off in late October 2006.
1061:"BenQ pulls the plug on its German mobile division"
194:
182:
172:
160:
143:
135:
110:
95:
85:
71:
63:
53:
45:
35:
1319:
1147:
1086:
988:"BenQ's new phones include Windows Mobile 5.0 PDA"
658:(not presented in Europe, Siemens SF65 Successors)
277:competition. BenQ Mobile failed later that year.
961:"BenQ-Siemens EF51 puts music front and center"
1116:
1114:
812:"New BenQ, Siemens mobile phone company opens"
1537:"BenQ administrator threatens to sue Siemens"
1237:
1235:
606:(not presented, BenQ-Siemens EF81 Successors)
8:
415:closed. Representatives of the labour union
246:was the mobile communications subsidiary of
21:
1950:Technology companies disestablished in 2009
1088:"Timeline: BenQ's mobile handset struggles"
911:"BenQ launches first BenQ-Siemens handsets"
779:
777:
1585:
1583:
1561:Williams, Christopher (26 February 2007).
20:
309:and manufacturing plants were located in
1945:Technology companies established in 2006
1633:
1631:
1349:
1347:
1208:
1206:
485:
477:
469:
290:president of Siemens Mobile since 2004.
1179:
1177:
1175:
699:
386:BenQ Mobile filed for bankruptcy in a
1891:"REAL MADRID SET FOR NEW SPONSORSHIP"
1332:from the original on 11 December 2022
1160:from the original on 11 December 2022
1099:from the original on 11 December 2022
7:
1606:"BenQ Mobile to Be Divided and Sold"
1604:Staff, C. I. O. (26 February 2007).
1149:"BenQ Mobile denies Germany closure"
670:(cancelled, Siemens SL80 Successors)
1013:"Meetings fail to save BenQ Mobile"
1935:Defunct mobile phone manufacturers
885:"BenQ ships P50 Wi-Fi smart phone"
14:
628:BenQ-Siemens S65-DVBH/ SXX65-DVBH
612:(BenQ-Siemens EF81/82 Successors)
536:(MIA Special Edition called EF61)
1970:Electronics companies of Germany
1791:White, Charlie (13 April 2007).
297:and the manufacturing plants in
27:
1980:Bankrupt mobile phone companies
1965:Technology companies of Germany
1960:Electronics companies of Taiwan
1638:Forbes Staff (26 August 2009).
1184:Nystedt, Dan (3 October 2006).
986:Gohring, Nancy (8 March 2006).
909:Smith, Tony (17 January 2006).
883:Smith, Tony (31 January 2006).
810:Nystedt, Dan (3 October 2005).
1955:Technology companies of Taiwan
1591:"BenQ-Siemens to be auctioned"
1512:. 6 March 2007. Archived from
1354:Welle (www.dw.com), Deutsche.
1293:Welle (www.dw.com), Deutsche.
1213:Welle (www.dw.com), Deutsche.
652:(New lineup developed by BenQ)
139:Mobile phones, PDA, Smartphone
16:Taiwanese mobile phone company
1:
1869:www.sportsbusinessjournal.com
1535:Libbenga, Jan (7 July 2008).
1321:"BenQ raises rescue estimate"
253:, selling products under the
127:, Head of Corporate Finance;
1920:BenQ Global - Communications
1679:– via www.reuters.com.
554:(Siemens ST55/60 Successors)
458:Taiwan. BenQ started making
81:in Taiwan and Asian markets)
1975:Consumer electronics brands
1498:– via Spiegel Online.
1257:– via Spiegel Online.
1023:– via news.bbc.co.uk.
427:in March 2007 and in June.
257:brand. The group, based in
1996:
348:smartphone models and one
1563:"BenQ Mobile dismembered"
582:Q-Fi (BenQ Z2 Successors)
26:
646:(Siemens S65 Successors)
618:(Siemens M75 Successors)
530:(Siemens C75 Successors)
307:research and development
271:iF product design awards
154:BenQ-Siemens (2006-2007)
152:BenQ Mobile (until 2006)
491:
483:
475:
360:
233:
225:
217:
1771:www.mobilegazette.com
1721:www.theregister.co.uk
1567:www.theregister.co.uk
1541:www.theregister.co.uk
1156:. 20 September 2006.
1095:. 21 September 2006.
940:www.mobilegazette.com
915:www.theregister.co.uk
889:www.theregister.co.uk
624:(BenQ P50 Successors)
489:
481:
473:
466:List of mobile phones
358:
231:
223:
215:
131:, Member of the Board
866:southafrica.benq.com
594:(Asia market's only)
359:Logo of BenQ-Siemens
1463:www.computing.co.uk
1249:. 29 September 2006
1067:. 28 September 2006
1039:www.taipeitimes.com
872:on 4 November 2018.
760:www.taipeitimes.com
744:on 4 November 2018.
685:BenQ sponsored the
664:(Siemens SL75/SL7C)
462:devices from 2013.
325:(also in Germany),
174:Number of employees
156:BenQ (2008-present)
23:
1490:. 28 November 2006
1459:"V3.co.uk closure"
1413:. 19 November 2006
1385:The New York Times
1328:. 4 October 2006.
1126:The New York Times
967:. 13 February 2006
509:/AL26 Hello Kitty!
492:
484:
476:
372:Windows Mobile 5.0
361:
352:smartphone model.
234:
226:
218:
216:BenQ-Siemens store
1897:. 24 January 2007
1871:. 8 November 2005
1845:. 2 December 2013
1387:. 24 October 2006
674:BenQ-Siemens SL98
668:BenQ-Siemens SL91
662:BenQ-Siemens SL80
656:BenQ-Siemens SF71
610:BenQ-Siemens EF91
604:BenQ-Siemens EF82
598:BenQ-Siemens EF81
580:BenQ-Siemens EF51
575:BenQ-Siemens EF71
570:BenQ-Siemens EL71
546:BenQ-Siemens CL71
540:BenQ-Siemens CL61
534:BenQ-Siemens CF61
507:BenQ-Siemens AL26
482:BenQ-Siemens EF51
224:BenQ-Siemens EF81
210:
209:
1987:
1907:
1906:
1904:
1902:
1887:
1881:
1880:
1878:
1876:
1861:
1855:
1854:
1852:
1850:
1839:
1833:
1832:
1830:
1828:
1814:
1808:
1807:
1805:
1803:
1788:
1782:
1781:
1779:
1777:
1763:
1757:
1756:
1754:
1752:
1742:"Press Releases"
1738:
1732:
1731:
1729:
1727:
1713:
1707:
1706:
1704:
1702:
1697:. 10 August 2007
1687:
1681:
1680:
1678:
1676:
1671:. 10 August 2007
1661:
1655:
1654:
1652:
1650:
1635:
1626:
1625:
1623:
1621:
1616:on 28 April 2019
1612:. Archived from
1601:
1595:
1594:
1587:
1578:
1577:
1575:
1573:
1558:
1552:
1551:
1549:
1547:
1532:
1526:
1525:
1523:
1521:
1506:
1500:
1499:
1497:
1495:
1480:
1474:
1473:
1471:
1469:
1455:
1449:
1448:
1446:
1444:
1429:
1423:
1422:
1420:
1418:
1403:
1397:
1396:
1394:
1392:
1377:
1371:
1370:
1368:
1366:
1351:
1342:
1341:
1339:
1337:
1323:
1316:
1310:
1309:
1307:
1305:
1290:
1284:
1283:
1281:
1279:
1269:"Press Releases"
1265:
1259:
1258:
1256:
1254:
1239:
1230:
1229:
1227:
1225:
1210:
1201:
1200:
1198:
1196:
1181:
1170:
1169:
1167:
1165:
1151:
1144:
1138:
1137:
1135:
1133:
1128:. 2 January 2007
1118:
1109:
1108:
1106:
1104:
1090:
1083:
1077:
1076:
1074:
1072:
1057:
1051:
1050:
1048:
1046:
1041:. 4 October 2006
1031:
1025:
1024:
1022:
1020:
1015:. 2 January 2007
1009:
1003:
1002:
1000:
998:
983:
977:
976:
974:
972:
957:
951:
950:
948:
946:
932:
926:
925:
923:
921:
906:
900:
899:
897:
895:
880:
874:
873:
868:. Archived from
858:
852:
851:
849:
847:
833:
827:
826:
824:
822:
807:
801:
800:
798:
796:
781:
772:
771:
769:
767:
762:. 2 October 2006
752:
746:
745:
740:. Archived from
730:
724:
723:
721:
719:
714:. 2 October 2006
704:
650:BenQ-Siemens S88
640:BenQ-Siemens S81
634:BenQ-Siemens S68
622:BenQ-Siemens P51
616:BenQ-Siemens M81
600:(Siemens SLV140)
592:BenQ-Siemens E81
564:BenQ-Siemens E71
558:BenQ-Siemens E61
552:BenQ-Siemens E52
528:BenQ-Siemens C81
522:BenQ-Siemens C52
513:BenQ-Siemens C26
501:BenQ-Siemens A58
496:BenQ-Siemens A38
490:BenQ-Siemens E71
474:BenQ-Siemens S68
251:BenQ Corporation
206:
203:
201:
189:BenQ Corporation
165:
79:BenQ Corporation
31:
24:
1995:
1994:
1990:
1989:
1988:
1986:
1985:
1984:
1925:
1924:
1916:
1911:
1910:
1900:
1898:
1889:
1888:
1884:
1874:
1872:
1863:
1862:
1858:
1848:
1846:
1841:
1840:
1836:
1826:
1824:
1816:
1815:
1811:
1801:
1799:
1790:
1789:
1785:
1775:
1773:
1765:
1764:
1760:
1750:
1748:
1746:www.siemens.com
1740:
1739:
1735:
1725:
1723:
1715:
1714:
1710:
1700:
1698:
1689:
1688:
1684:
1674:
1672:
1663:
1662:
1658:
1648:
1646:
1637:
1636:
1629:
1619:
1617:
1603:
1602:
1598:
1593:. 5 March 2007.
1589:
1588:
1581:
1571:
1569:
1560:
1559:
1555:
1545:
1543:
1534:
1533:
1529:
1519:
1517:
1516:on 6 March 2007
1508:
1507:
1503:
1493:
1491:
1482:
1481:
1477:
1467:
1465:
1457:
1456:
1452:
1442:
1440:
1439:. 15 March 2007
1431:
1430:
1426:
1416:
1414:
1405:
1404:
1400:
1390:
1388:
1379:
1378:
1374:
1364:
1362:
1353:
1352:
1345:
1335:
1333:
1326:Financial Times
1318:
1317:
1313:
1303:
1301:
1292:
1291:
1287:
1277:
1275:
1273:www.siemens.com
1267:
1266:
1262:
1252:
1250:
1241:
1240:
1233:
1223:
1221:
1212:
1211:
1204:
1194:
1192:
1183:
1182:
1173:
1163:
1161:
1154:Financial Times
1146:
1145:
1141:
1131:
1129:
1120:
1119:
1112:
1102:
1100:
1093:Financial Times
1085:
1084:
1080:
1070:
1068:
1059:
1058:
1054:
1044:
1042:
1033:
1032:
1028:
1018:
1016:
1011:
1010:
1006:
996:
994:
985:
984:
980:
970:
968:
959:
958:
954:
944:
942:
934:
933:
929:
919:
917:
908:
907:
903:
893:
891:
882:
881:
877:
860:
859:
855:
845:
843:
835:
834:
830:
820:
818:
809:
808:
804:
794:
792:
783:
782:
775:
765:
763:
754:
753:
749:
732:
731:
727:
717:
715:
706:
705:
701:
696:
683:
676:(not presented)
630:(not presented)
542:(not presented)
524:(not presented)
515:(not presented)
468:
436:
380:
283:
198:
175:
168:US$ 775 million
161:
155:
153:
151:
123:, EVP and CMO;
113:
76:
75:30 January 2007
17:
12:
11:
5:
1993:
1991:
1983:
1982:
1977:
1972:
1967:
1962:
1957:
1952:
1947:
1942:
1937:
1927:
1926:
1923:
1922:
1915:
1914:External links
1912:
1909:
1908:
1882:
1856:
1834:
1809:
1783:
1758:
1733:
1708:
1682:
1656:
1627:
1596:
1579:
1553:
1527:
1501:
1475:
1450:
1424:
1398:
1372:
1343:
1311:
1285:
1260:
1231:
1202:
1171:
1139:
1110:
1078:
1052:
1026:
1004:
978:
952:
927:
901:
875:
853:
828:
802:
791:. 24 July 2005
773:
747:
725:
698:
697:
695:
692:
687:Real Madrid CF
682:
679:
678:
677:
671:
665:
659:
653:
647:
637:
631:
625:
619:
613:
607:
601:
595:
589:
586:
583:
577:
572:
567:
561:
555:
549:
543:
537:
531:
525:
519:
516:
510:
504:
498:
467:
464:
435:
432:
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