BenQ Gets Taken Down for Insider Trading Stephen Fung March 15, 2007 Yes, those guys who make LCD monitors and DVD Burners. It seems that they are in a wee bit of trouble over employees dumping their stock after their mobile division didn’t do so hot… According to the prosecutors office, BenQ employees sold about 6-7 million BenQ shares during the period from December 2005 to February 2006 at prices well above NT$30 (US$0.91) per share, with BenQ’s share price dropping to around NT$25-26 in March 2006 after the company posted operating losses of NT$9.06 billion (US$274.5 million) in the fourth quarter of 2005, a quarter after it completed the acquisition of Siemens’ handset unit. Source: DigiTimes Share This With The World!
