Friday, September 29, 2006

Benq Siemens RIP

We gather here today to mourn the death of BenQ Simens.

After less than a year of trading, Benq is closing its European wing in the face of unsustainable losses. Check out this ice cold press release for the company's official reasoning. It's fair enough... apparently the company lost 600 million Euros on its mobile business in the last year; by my estimation, thats losing the equivalent of my annual earnings every 21 minutes, which is pretty impressive going. Surely there are better ways of spunking THAT much cash, such as:

  • Going majorly off the rails
  • erm... that's all

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