Benq fights off takeover plans

DIGITIMES REPORTED that Benq will do all it can to prevent a hostile take over after its shares continued to fall on the Taiex bourse.

Benq's shares have suffered because of its debacle over acquiring Siemens Mobile, and in recent days after prosecutors raided the firm's facilities, amidst allegations of insider dealings.

And while chairman KY Lee has proferred his resignation, the company's board of directors will not allow him to go.

The report said that Stan Shih, who is a member of the board backed the rest of the board of directors in rejecting the resignation.

Shih, who is regarded by many as the father of Taiwan IT, performed the remarkable feat of propelling a PC maker from the island into the ranks of the multinationals. µ

L'INQ
Digitimes