Saturday, December 20, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
T-Mobile to Pay $90 Million To Settle Case With FCC
New Trojan Targetted Banks Wordlwide
FBI Confirms North Korea Was Behind Sony Hack
Apple Responds To BBC's Allegations Over Working Conditions In Chinese Factory
BlackBerry Returns To Cash Flow
Comparison: Quantum Dot Vs. OLED Displays
Toshiba and SK Hynix Reach Settlement in Lawsuit Ahead Of CES
Google Concerned About MPAA's Actions To Revive SOPA
Active Discussions
Digital Audio Extraction and Plextools
Will there be any trade in scheme for the coming PSP Go?
Hello, Glad to be Aboard!!!
Best optical drive for ripping CD's? My LG 4163B is mediocre.
Hi All!
cdrw trouble
CDR for car Sat Nav
DVD/DL for Optiarc 7191S at 8X
 Home > News > Digital Cameras > BenQ Se...
Last 7 Days News : SU MO TU WE TH FR SA All News

Monday, May 21, 2007
BenQ Sells Its Digital Camera Business


BenQ and Ability Enterprise Co., Ltd., a Taiwan-based manufacturer of digital cameras, today announced that they have entered into an agreement for the acquisition of BenQ?s digital camera-related R&D and manufacturing facilities.

The acquisition aims to strengthen ties between the two companies on future collaborations, while complementing both parties? product offerings.

Ability has agreed to acquire BenQ?s digital camera-related assets, including manufacturing equipment and materials at the book value determined on June 30, 2007. Approximately 70 employees, mostly comprised of R&D personnel within the digital camera business unit, will be joining Ability starting on June 1, 2007. The transactions are expected to close on June 30, 2007.

"Digital camera is one of our most important and profitable product lines," said Sheaffer Lee, President of BenQ Corporation. "Ability will remain as one of our most important strategic suppliers for future BenQ branded digital cameras"

BenQ will continue to sell digital cameras under its own brand name after the sale.

BenQ has struggled under the weight of a loss-making cell phone unit. The sale is the latest of an asset by BenQ, which is raising cash as it tries to return to profitability by the end of the year after posting losses in the last six quarters.

In April, the company raised $137.2 million from the sale of 100 million shares of AU Optronics.


Previous
Next
Fujitsu Launches One-Chip LSI for Full HD H.264 Video Processing with Embedded Memory        All News        Samsung at SID 2007
Nero PhotoShow Deluxe 4 Now Windows Vista Ready     Digital Cameras News      Panasonic Develops Next-generation Image Sensor

Get RSS feed Easy Print E-Mail this Message

Related News
New BenQ Projector Supports 5-GHz WHDI Technology
BenQ to Showcase 3D-Ready Home Cinema Projectors, Mini Projectors, and Gaming Monitors at CES 2012
BenQ America Inks Deal With ASI
BenQ Showcases New Flagship Gaming Monitors
BenQ Debuts New Touchscreen Camera Series with LT100
BenQ Expands its G Series LCD Display Lineup in Europe
BenQ's New S6 Mobile Internet Device
BenQ's E2200HDA 1080p Full HD LCD Monitor Lineup
Sony, BenQ to Launch 22x DVD Burners in Q3
BenQ Introduces C36 Music Phone
BenQ Introduces C36 Music Phone
BenQ Unveils Super-Slim T60 Mobile Phone

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .