BenQ halts funding of German handset unit.TAIPEI -- BenQ Corp.'s (benq.com) German handset The part of the telephone that contains the speaker and the microphone. On a desktop phone, the part you hold in your hand is the handset. On a cellphone, the entire phone is the handset. See multihandset cordless and headset. unit is considering filing for insolvency insolvency Condition in which liabilities exceed assets so that creditors cannot be paid. It is a financial condition that often precedes bankruptcy. In the context of equity, insolvency is the inability to pay debts as they become due; insolvency under the balance-sheet after its board decided to halt funding to the division. BenQ's cellphone (CELLular telePHONE) The first ubiquitous wireless telephone. Originally analog, all new cellular systems are digital, which has enabled the cellphone to turn into a smartphone that has access to the Internet. units in Brazil and elsewhere are also reviewing their financial positions, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the company. [TEXT NOT REPRODUCIBLE IN ASCII ASCII or American Standard Code for Information Interchange, a set of codes used to represent letters, numbers, a few symbols, and control characters. Originally designed for teletype operations, it has found wide application in computers. ] "Since October 2005, we have committed and invested an inordinate amount of capital and resources into our German mobile phone subsidiary," explained Chairman K.Y. Lee. "Despite the progress achieved in reducing cost and expenses, widening losses have made this very painful decision unavoidable." BenQ is Taiwan's large cellphone maker. Cell phones made up 36% of BenQ's second-quarter sales, up from 9% a year ago, when it acquired Siemens' handset unit, now called Benq Mobile GmbH & Co. BenQ said the business would not turn profitable until the third quarter of next year at the earliest. The company will continue to supply its own-brand of handsets in "selected markets," the company said. Edited by Mike Buetow |
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