|11-10-2005, 06:48 AM||#1|
Join Date: Aug 2003
Device: Dell Axim
BenQ's net earnings drop by 99%
It's not that I am usually interested in the financials of a company like BenQ, but the dramatic drop in the company's net profit caught my attention. WSJ reports today that
BenQ's unaudited third-quarter net profit of 20 million New Taiwan dollars (US$606,000), or NT$0.01 a share, was down sharply from NT$1.38 billion, or NT$0.59 a share, a year earlier amid shrinking mobile-phone sales. It was the fifth consecutive quarter of decline in BenQ's earnings. Its handset sales have dropped since a manufacturing contract with Motorola Inc. ended in late 2004.
The horrible results are played down by analysts who argue that BenQ is still a new company and needs more time to shape its reorientation toward handset business. According to BenQ CFO Eric Yu, the company, which generated just 7% of its revenue from mobile-phone sales in the third quarter, expects handset sales to contribute 50% of revenue in the fourth quarter and onward.
|11-10-2005, 11:01 AM||#2|
Join Date: Jun 2005
Device: Loox 720
MSMobiles is spreading the story that Benq has given up their Symbian licenses and will focus exclusively on WM smartphones in the future (+ dumb phones of course) I've been unable to verify this story anywere else. Have you seen anything regarding this story? Certainly if they can do a HTC (which has grown 100% YoY) it would be good, but they did not inspire confidence with their Benq P50.
|11-10-2005, 11:11 AM||#3|
Join Date: May 2004
Device: Kindle Touch
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