Summit Notebook

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BenQ says confident of recovery by 2008

May 16, 2007

BenQ Chairman K.Y. LeeBenQ Chairman K.Y. Lee said the company would see recovery next year as the firm has been struggling from the losses caused by its ailing mobile phone unit.

“Sometime in 2008, we should see the company in very good shape,” said Lee at the Reuters Global Technology, Media and Telecoms Summit.

Since March, BenQ has been under the media radar as Taiwan prosecutors investigated the firm for insider trading. Lee and four executives were indicted early in May and they have denied insider trading and said they would do everything they can to clear their name in court.

“I believe we’ll have a fair treatment in court, finally,” said Lee, who graduated from the National Taiwan University with an engineering degree.

BenQ plans to re-focus on contract work and had said it would spin-off its brand business in September into a separate subsidiary, but that the company would continue to make mobile phones under its own name and also for other brands and operators.

 

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