Wed, Mar 15, 2006 - Page 12 News List

BenQ looks to mobile phones to boost performance

OUTLOOK BenQ said it expected its new phones to fetch higher prices, while Taiwan Ratings Corp announced it had placed the firm on CreditWatch

By Jason Tan  /  STAFF REPORTER

The move reflects Taiwan Ratings' concerns over BenQ's huge operating losses and cash outflow in the fourth quarter due to its loss-making handset division, the company said in a statement.

It also indicates the challenges BenQ faces to restore its handset sales and improve margins in the medium term, the statement read.

Shares of BenQ fell 2.6 percent to close at NT$31.40 on the Taiwan Stock Exchange yesterday.

Yesterday's conference was held after stock markets closed.

This story has been viewed 3983 times.
TOP top