TAIPEI, TAIWAN, March 20, 2007 - BenQ’s board of directors convened today to approve the company’s Q4 and 2006 results. For the year 2006, the company’s core business recorded sales of NT198.5 billion. BenQ Corp's 2006 revenues reached NT130.6 billion with after-tax loss coming in at NT27.6 billion.

Losses per share were NT10.78 after tax. The board authorized the cancelling of 60,000 treasury stocks, the disposing of BenQ Corp's stock in Taiwan Fixed Network Co., Ltd. as well as to the holding of a shareholder’s meeting on June 15, 2007.

The board approved the formation of a taskforce to review and report on the losses attributed to the acquisition of the Siemens MD business. The board also rejected Chairman K.Y. Lee’s tender of resignation, demanding he continue his role to reach the target of turning around the company as soon as possible.

In regards to the on-going investigation, the board of directors expressed its support in BenQ’s management team. But in order to avoid any controversy, the board requested the management team to consult with the opinion of legal counsels and relevant experts to solidify the relevant regulations which will be discussed in the next board meeting.

Source: BenQ