Better Days Ahead for BenQ?

The mobile phone unit of the Taiwanese electronics company met a messy end, but analysts believe its parent could be headed for a rebound

The messy demise of BenQ Mobile—the German mobile-phone unit that Taiwanese electronics company BenQ (BNQZF) bought from Siemens (SI) in 2005—has been painful for all parties involved. Siemens lost $1 billion on the unit before selling it and BenQ has taken a $300-plus million write-down on the assets. On top of that, nearly 3,000 employees are expected to lose their jobs in Europe.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.