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The Information Technology 100

88

BenQ

On June 7, BenQ suddenly became the world’s fourth largest cellular-phone maker by acquiring the ailing handset division of German giant Siemens. Like other Taiwanese companies, BenQ has been trying to escape from the anonymity of contract manufacturing by promoting its own brands. But BenQ’s experience illustrates some of the perils these companies face.

The consumer-electronics company, which sells LCD TVs, PC monitors, MP3 players, and other gadgets, has won permission from the Chinese government to sell its own-brand cellular handsets in China. But entering the world’s biggest cellular market comes at a price: Motorola, which once used BenQ as a supplier, isn’t so interested in giving orders to a company that's now a direct competitor. BenQ has tried to make up for some of the Motorola loss with orders from the likes of Nokia and Kyocera, but its handset business is still smarting, with first-quarter sales amounting to 11% of total sales, down from 15% the previous quarter. With the Siemens deal, BenQ took a big step toward solving that problem.

Company Info

STOCK INFO NA
Revenues* $5.2 BILLION
Revenue Growth 36.3%
Return on Equity 15.5%
Total Return-11.8%
Profits* $228.4 MILLION
Industry COMPUTERS AND PERIPHERALS
CORPORATE WEB SITE
All figures are for the most recent available 12 months.

* Latest available data for the 12-month period ended Dec. 31, Jan. 31, Feb. 29, Mar. 31, or Apr. 30. For companies that do not report quarterly, the most recent annual data were used.


Data provided by Standard & Poor's Compustat, BusinessWeek

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Company Snapshot

Benq Corp. manufactures technology products, including communication and personal computer related products. Its principal products include LCD/TFT monitors, plasma TVs, CD/DVD rewriters, flash drives, MP3 players, digital projectors, scanners and printers, digital hubs, routers and wireless LAN, and mobile phones. It mainly operates in Taiwan, Canada, the United States, Latin America, Europe, the Middle East, China, India, Singapore, Japan, and Australia. The company was established in 1984 and is headquartered in Taiwan.

No. of Employees

NA


Data provided by Capital IQ
K. Y.  Lee

K. Y. Lee

Bio

K. Y. Lee serves as a Director, Chairman and Chief Executive Officer of Benq Corp. Mr. Lee holds MBA from Switzerland IMD and B.S. in Electrical Engineering from National Taiwan University. He was Vice President of Acer PC Product Marketing; Chairman of AU Optronics Corp. and BenQ Mobile System; Director of Darfon Electrics Corp.Daxon Technology Inc. and Airoha Technology Inc.