fbpx
Wikipedia

DBTel

January 30, 2023

DBTEL Inc. (Chinese: 鼎創達; pinyin: Dǐng Chuàng Dá; formerly Chinese: 大霸電子; pinyin: Dàbà Diànzǐ) is a multinational telecommunications company based in Taipei, Taiwan. Founded in 1979 by Michael Mou, the company initially focused on cordless telephones. In the 1990s, DBTEL once took up 30% of the original equipment manufacturer market share for United States cordless phones. It later became an original equipment manufacturer (OEM) for cell phones. Between 1998 and 2002, it made phones for Motorola and at one point was its largest manufacturer. The two companies ended their contract after legal disputes and weakness in the mobile phone market. After facing numerous challenges, DBTEL, which had unstable OEM sales, transformed from an OEM company into selling its own brand.

DBTEL Incorporated
Native name
Current name: 鼎創達
Founding name: 大霸電子
TypeIncorporated
IndustryTelecommunications
Founded1979
FounderMichael Mou
HeadquartersTaipei, Taiwan
Key people
Michael Mou (Founder & CEO)
ProductsMobile phones
Website at the Wayback Machine (archived 7 November 2015)
DBTel
Current name
Ding Chuang Da
Traditional Chinese鼎創達
Simplified Chinese鼎创达
Transcriptions
Standard Mandarin
Hanyu PinyinDǐng Chuàng Dá
Yue: Cantonese
JyutpingDing2 Cong3 Daat6
Founding name
Daba Dianzi
Traditional Chinese大霸電子
Simplified Chinese大霸电子
Transcriptions
Standard Mandarin
Hanyu PinyinDàbà Diànzǐ
Yue: Cantonese
JyutpingDaai6 Baa3 Din6 Zi2

DBTEL became the first Taiwanese mobile phone producer to receive China's authorisation in 2000 to market branded cell phones and released its first branded mobile phone in the country in June 2001. By 2003, the company had sold five million of its phones that year in China. By number of mobile phones sold there that year, DBTEL was ranked number six in tier-one and tier-two cities and number four in other cities. With 85% of its revenue in China, DBTEL caused observers to worry that it was too reliant on the country. After the company faced competition from Motorola, Nokia, and Samsung in China and began running increasingly large deficits, it returned to making OEM sales in addition to selling its owned branded projects. DBTEL lost even more money after Taiwanese mobile phone competitors BenQ, OKWAP [zh], and MiTAC Holdings all received the Chinese domestic sales rights in 2005. Analysts criticised DBTEL for repeatedly cutting back their financial forecasts which made investors lose their trust in the company.

In September 2005, the Taiwan Taipei District Prosecutors Office [zh] and other government agencies launched an investigation into insider trading at DBTEL. The investigators alleged that DBTEL had several times sold large amounts of shares before disclosing negative news that caused the stock prices to drop. The company's chairman was acquitted in one trial and convicted in a second one, with DBTEL changing its Chinese name after the controversy. In 2020, DBTEL applied to end the over-the-counter trading of its stock in November 2020 and acquired outstanding shares.

History

Early history

DBTEL was founded in 1979 by Michael Mou (Chinese: 莫浩然) with a focus on making telephony products for other companies.[1][2] At its beginning, the company did research on making cordless telephones.[3] Beginning in the 1990s, DBTEL did research into how to produce mobile phones.[3] DBTEL once took up 30% of the original equipment manufacturer (OEM) market share for United States cordless phones in the 1990s.[3] It began investing in China in 1994 to increase its production capacity and decrease the production cost.[3] DBTEL was a supplier for Lexmark International's Lexmark 5700 colour printer.[4] Lexmark sued DBTEL in 1998 for allegedly leading Lexmark to incorrectly believe it could take care of design adjustments since it had the engineering acumen and manufacturing volume.[4] The delay, Lexmark asserted in a US federal court lawsuit, led to the printer's not being shipped to consumers for months over the deadline.[4] Owing its long-term research into high-frequency cordless telephones, DBTEL was able to manufacture products that met the GSM standard in 1998.[3] As DBTEL was facing headwinds from the decreasing profits for making cordless telephones, founder Michael Mou had to find a new way for the company to grow.[3] Motorola at that time needed to find a manufacturer to reduce its production costs, so in 1998 the two companies signed an agreement.[3] DBTEL began making GSM phones for Motorola and began producing phones for Siemens, Alcatel Mobile, and other companies in the world.[3]

In 1999, DBTEL released its inaugural cell phone after having produced cordless telephones for numerous years.[5] In a first for Taiwanese cell phone producers, it secured China's authorisation in 2000 to market branded cell phones in the country.[6] DBTEL used to be Motorola's largest manufacturer.[7] When the mobile phone market experienced weakness in 2000, Motorola responded by cutting its requests for DBTEL and instead built the phones in their own factories.[3] DBTEL experienced a revenue decline and began losing money.[3] By 2001, the two companies' relationship deteriorated further.[3] DBTEL was forced to stop production after not receiving any orders from Motorola for four months.[3] After facing numerous challenges, DBTEL, which had unstable original equipment manufacturer (OEM) sales, transformed from an OEM company into selling its own brand.[3][8] In June 2001, it released a branded mobile phone, its first foray into China as its own brand called "Dí Bǐ Tè" (Chinese: 迪比特).[3] In November 2001, it released a branded mobile phone in Taiwan called "DBTEL".[3]

Motorola filed a lawsuit against DBTEL in 2002 accusing it of divulging trade secrets and the company's contract ended that year.[9][10] After DBTEL's Motorola contract ended in April 2002,[3][11] both the company's stock price and employee morale dropped.[8] Business Today [zh] said in 2002 that DBTEL was widely considered to be like The Boy Who Cried Wolf in its repeated cutbacks of its financial outlook in four of the past six years.[9]

Struggles leading to operating losses

In 2002's first six months, over 1.6 million DBTEL cell phones were purchased.[5] 5% of the cell phone market in China was captured by DBTEL's brand in 2002.[5] Its phone lacked General Packet Radio Service which The Wall Street Journal said could dissuade radio operators from adopting DBTEL's technology.[5] In 2002, DBTEL released two phones, which the Financial Times described as "a colour-screen model and one claimed to be the smallest 'clam-shell' phone in the world".[12] DBTEL released diamond-studded cell phones in 2003 in the colours of black, gold, red, and white and bearing names like Venus, Elf, and Allure.[13] Whereas the least expensive diamond phone cost A$1,370 (US$889), the most expensive three-carat one retailed for A$45,650 (US$29,606).[13] The company sold 90% of its phones in China and the remainder in Taiwan and Southeast Asia in 2004.[14] DBTEL aimed to overtake Nokia which ranked first in the world in mobile phone sales after it achieved strong results in mainland China at the beginning.[1] The company used Taiwanese actress Stephanie Shiao, Hong Kong singer Sammi Cheng, and Indian actress Reema Sen to promote its products and opened its flagship store on Fuxing Road in Taipei.[8][15] DBTEL established its Chinese headquarters in the Shanghai Xinzhuang Industrial Zone [zh] where it continued doing research and development and began marketing teams.[8] Through a strong stock market performance, DBTEL was able to accumulate more money to grow its business in China.[1]

In 2003, the company sold five million of its phones in China that year and achieved a gross margin of 25%.[8] By number of mobile phones sold in China that year, DBTEL was ranked number six in tier-one and tier-two cities and number four in other cities.[3] With 85% of its revenue from China, the company had a profit of NT$2 billion (US$65,000,000) in 2003.[3] Observers became concerned that owing to its deep reliance on China's volatile economy, DBTEL would be unable to continue making money.[1] The company experienced challenges in the Chinese market with mobile phone prices quickly falling and competition increasing.[3] It released a new phone brand called "Dbtel International" to compete against Nokia and Samsung Electronics.[3] In 2004, owing to competition from Motorola, Nokia, and Samsung which were focusing more heavily and China, and its own unsuccessful attempts, DBTEL lost NT$2 billion (US$65,000,000).[3] After facing challenges with selling its own branded products, DBTEL returned to making original equipment manufacturer (OEM) sales in a dual-pronged approach of having both branded and OEM sales.[3] It continued to be battered by the market through competition from parallel imports and white-label products, losing NT$2.4 billion (US$78,000,000) in the first half of 2004.[3] Before 2005, the company had been the only Taiwanese firm with domestic sales rights in China.[3] In May of that year, BenQ and OKWAP [zh] received the Chinese domestic sales rights, while MiTAC Holdings received the rights in September.[3] Several mergers and acquisitions that year, which included separate activity from Foxconn and Siemens, led to increased competition in the OEM and original design manufacturer (ODM) arenas.[3] The increased competition exacerbated DBTEL's troubles.[3]

In a June 2005 meeting, Michael Mou proposed splitting the company into three to try to attract people into investing.[3] In the first three quarters of 2005, the company had a loss of NT$3.438 billion (US$111,300,000).[3] Most of the loss was from the company's Shanghai subsidiary, Shanghai DBTEL, which had been established in 1993.[3][6] DBTEL shrank its presence in China: It once had 27 branches and 10,000 employees there but was down to nine branches and 2,000 employees in 2005.[3] Beginning in September 2005, DBTEL announced it would cease injecting money into DBTEL Shanghai so that the subsidiary would no longer cause monetary damage to the parent company.[6][16] In the midst of experiencing deep monetary troubles, Shanghai DBTEL for three months failed to compensate suppliers.[6] Travelling to Shanghai, the company's debtees asked to be paid.[6]

Later history

The company planned to build a 20,000-ping (66,100 m2) headquarters at Dingpu High-tech Industrial Park [zh] but had to decrease its area by half following the failure of an attempted NT$3.8 billion (US$120,000,000) selling of shares.[17] After uncovering unusual DBTEL stock trading happening, several government departments led by the Taiwan Taipei District Prosecutors Office [zh] collaborated on conducting an investigation into insider trading.[1][18] At the end of September 2005, prosecutors began an insider trading inquiry regarding two company executives: Michael Mou, the company's chairman, and Kuo Pei-chih, its president and Mou's wife.[17] Investigators said DBTEL had revealed to the public that it had experienced losses and was adjusting its financial outlook down right after selling many shares of its stock.[19] The company was accused of funnelling funds they had obtained through shorting company shares to subsidiary companies including to its Shanghai subsidiary.[20] The company denied the allegations.[17] An analyst at SinoPac Securities Corporation criticised DBTEL, stating, "We haven't covered Dbtel for a long period of time and we have no plan to put the stock on our investment list. Untrustworthy financial forecasts have upset investors' stomachs."[1] After the announcement of the inside trading investigation, Moneyweekly said, "In fact, looking at the ups and downs of the mobile phone industry, the biggest crisis DBTEL faces is not just emptying the cloud of doubts, but the bigger crisis will be the battle of life and death for the division of labor in the mobile phone industry. If DBTEL can no longer play its core role or is unable to successfully create their own brand, I am afraid that they face a more serious crisis of being eliminated."[21] Business Next noted in 2004 that the company had to repeatedly curtail its financial projections.[8]

Prosecutors prevented company chairman Michael Mou from leaving Taiwan for a decade.[22] He was acquitted in one insider trading trial but was convicted in a second trial.[2] DBTEL changed its Chinese name from Dàbà Diànzǐ (Chinese: 大霸電子) to Dǐng Chuàng Dá (Chinese: 鼎創達) after the 2005 launch of the insider trading investigation.[7] Mou was president of the company in 2014.[2] DBTEL applied to end the over-the-counter trading of its stock in November 2020 and acquired outstanding shares.[23] Taipei Exchange approved the application.[24]

See also

References

  1. ^ a b c d e f Wang, Lisa (2005-10-10). . Taipei Times. Archived from the original on 2022-02-14. Retrieved 2022-02-14.
  2. ^ a b c 謝璦竹 (2014-12-28). [DBTEL insider trading case: falsely accused and condemned]. China Times (in Chinese). Archived from the original on 2022-02-14. Retrieved 2022-02-14.
  3. ^ a b c d e f g h i j k l m n o p q r s t u v w x y z aa ab ac ad ae 周信輝 (2006). 高科技行銷 [High Technology Marketing] (in Chinese). Taipei: Wu-Nan Book [zh]. pp. 76–79. ISBN 978-9-571-14370-5. Retrieved 2022-02-13 – via Google Books.
  4. ^ a b c Butters, Jamie (1998-06-17). "Lexmark sues its Far East supplier". Lexington Herald-Leader. Archived from the original on 2022-02-13. Retrieved 2022-02-13.
  5. ^ a b c d Latour, Almar (2002-10-10). . The Wall Street Journal. Archived from the original on 2022-02-14. Retrieved 2022-02-08.{{cite news}}: CS1 maint: bot: original URL status unknown (link)
  6. ^ a b c d e O'Neill, Mark (2006-03-02). . South China Morning Post. Archived from the original on 2022-02-14. Retrieved 2022-02-14.{{cite news}}: CS1 maint: bot: original URL status unknown (link)
  7. ^ a b 王憶紅 (2015-06-15). [Michael Mou: Brands lose when they go to the sea of machines]. Liberty Times (in Chinese). Archived from the original on 2022-02-14. Retrieved 2022-02-14.
  8. ^ a b c d e f [DBTEL is proud of the Chinese mobile phone market]. Business Next (in Chinese). 2004-02-15. Archived from the original on 2022-02-14. Retrieved 2022-02-14.
  9. ^ a b 江煒琦 (2002-12-05). [Michael Mou: Taiwan has always been an OEM with no future P.58]. Business Today [zh] (in Chinese). Archived from the original on 2022-02-14. Retrieved 2022-02-14.
  10. ^ Shih, Jennifer D. (2002-05-16). "Local Focus". Daily Herald. Medill News Service. Archived from the original on 2022-02-13. Retrieved 2022-02-13.
  11. ^ "Chinadaily.com.cn: - Court rejects complaint against Motorola". China Daily. 2006-08-26. Archived from the original on 2022-02-13. Retrieved 2022-02-13.
  12. ^ Budden, Robert (2002-10-10). "Asian minnow eyes Europe: DBTEL is ready to take on established names in the mobile telecoms handset industry". Financial Times. p. 31. ProQuest 249258939. Archived from the original on 2022-02-13. Retrieved 2022-02-13.
  13. ^ a b "Diamond phones say it with class". Sunday Mail. 2003-08-24. Archived from the original on 2022-02-13. Retrieved 2022-02-13.
  14. ^ Wang, Lisa (2004-01-21). . Taipei Times. Archived from the original on 2022-02-14. Retrieved 2022-02-14.
  15. ^ "Hello! Looking for a change?". The Hindu. 2003-12-04. Archived from the original on 2022-02-13. Retrieved 2022-02-13.
  16. ^ Wang, Lisa (2005-12-27). "Dbtel may pull out of Chinese mobile market to survive". Taipei Times. Archived from the original on 2022-02-13. Retrieved 2022-02-13.
  17. ^ a b c Wang, Lisa (2005-10-01). . Taipei Times. Archived from the original on 2022-02-14. Retrieved 2022-02-14.
  18. ^ [DBTEL empties billions of dollars. 50 people who are experts in checking and accounting search director's residence and company]. Apple Daily (in Chinese). 2005-09-30. Archived from the original on 2022-02-14. Retrieved 2022-02-14.
  19. ^ 吳琬瑜 (2007-11-21). [When the CEO becomes a prisoner — insider trading, there is panic, suspicion, and fear]. CommonWealth Magazine [zh] (in Chinese). ISSN 1015-2784. Archived from the original on 2022-02-14. Retrieved 2022-02-14.
  20. ^ 張嘉玲; 葉倉霖 (2005-09-30). [Once having threatened to defeat NOKIA, DBTEL was shocked and hollowed out] (in Chinese). TVBS. Archived from the original on 2022-02-14. Retrieved 2022-02-14.
  21. ^ 魏喬怡 (2012-05-22). [Can DBTEL hold up?]. Moneyweekly (in Chinese). Archived from the original on 2022-02-14. Retrieved 2022-02-14.
  22. ^ 項程鎮 (2018-05-17). [<Mysterious Lockdown Order 1> Taking my grandson to Kenting, the senior officials of the Presidential Office knew that they were being controlled by the border [One Special News]]. Next (in Chinese). Archived from the original on 2022-02-14. Retrieved 2022-02-14.
  23. ^ 林燦澤 (2020-10-29). [DBTEL stock will be terminated from OTC trading in 11/20]. China Times (in Chinese). Archived from the original on 2022-02-14. Retrieved 2022-02-14.
  24. ^ 張漢綺 (2020-10-26). [<Over-the-counter market> 2 OTC listing applications and 1 OTC delisting application passed]. China Times (in Chinese). Archived from the original on 2022-02-14. Retrieved 2022-02-14.

Further reading

  • 林宏達 (2004-12-02). [Is it a reinvestment relationship or a loan relationship with Xiangyi? DBTEL is involved in a triangular labor dispute]. Business Weekly (in Chinese). Archived from the original on 2022-02-14. Retrieved 2022-02-14.

External links

January 30, 2023
dbtel, dbtel, chinese, 鼎創達, pinyin, dǐng, chuàng, formerly, chinese, 大霸電子, pinyin, dàbà, diànzǐ, multinational, telecommunications, company, based, taipei, taiwan, founded, 1979, michael, company, initially, focused, cordless, telephones, 1990s, dbtel, once, t. DBTEL Inc Chinese 鼎創達 pinyin Dǐng Chuang Da formerly Chinese 大霸電子 pinyin Daba Dianzǐ is a multinational telecommunications company based in Taipei Taiwan Founded in 1979 by Michael Mou the company initially focused on cordless telephones In the 1990s DBTEL once took up 30 of the original equipment manufacturer market share for United States cordless phones It later became an original equipment manufacturer OEM for cell phones Between 1998 and 2002 it made phones for Motorola and at one point was its largest manufacturer The two companies ended their contract after legal disputes and weakness in the mobile phone market After facing numerous challenges DBTEL which had unstable OEM sales transformed from an OEM company into selling its own brand DBTEL IncorporatedNative nameCurrent name 鼎創達Founding name 大霸電子TypeIncorporatedIndustryTelecommunicationsFounded1979FounderMichael MouHeadquartersTaipei TaiwanKey peopleMichael Mou Founder amp CEO ProductsMobile phonesWebsiteenglish dbtel com at the Wayback Machine archived 7 November 2015 DBTelCurrent nameDing Chuang DaTraditional Chinese鼎創達Simplified Chinese鼎创达TranscriptionsStandard MandarinHanyu PinyinDǐng Chuang DaYue CantoneseJyutpingDing2 Cong3 Daat6Founding nameDaba DianziTraditional Chinese大霸電子Simplified Chinese大霸电子TranscriptionsStandard MandarinHanyu PinyinDaba DianzǐYue CantoneseJyutpingDaai6 Baa3 Din6 Zi2DBTEL became the first Taiwanese mobile phone producer to receive China s authorisation in 2000 to market branded cell phones and released its first branded mobile phone in the country in June 2001 By 2003 the company had sold five million of its phones that year in China By number of mobile phones sold there that year DBTEL was ranked number six in tier one and tier two cities and number four in other cities With 85 of its revenue in China DBTEL caused observers to worry that it was too reliant on the country After the company faced competition from Motorola Nokia and Samsung in China and began running increasingly large deficits it returned to making OEM sales in addition to selling its owned branded projects DBTEL lost even more money after Taiwanese mobile phone competitors BenQ OKWAP zh and MiTAC Holdings all received the Chinese domestic sales rights in 2005 Analysts criticised DBTEL for repeatedly cutting back their financial forecasts which made investors lose their trust in the company In September 2005 the Taiwan Taipei District Prosecutors Office zh and other government agencies launched an investigation into insider trading at DBTEL The investigators alleged that DBTEL had several times sold large amounts of shares before disclosing negative news that caused the stock prices to drop The company s chairman was acquitted in one trial and convicted in a second one with DBTEL changing its Chinese name after the controversy In 2020 DBTEL applied to end the over the counter trading of its stock in November 2020 and acquired outstanding shares Contents 1 History 1 1 Early history 1 2 Struggles leading to operating losses 1 3 Later history 2 See also 3 References 4 Further reading 5 External linksHistory EditEarly history Edit DBTEL was founded in 1979 by Michael Mou Chinese 莫浩然 with a focus on making telephony products for other companies 1 2 At its beginning the company did research on making cordless telephones 3 Beginning in the 1990s DBTEL did research into how to produce mobile phones 3 DBTEL once took up 30 of the original equipment manufacturer OEM market share for United States cordless phones in the 1990s 3 It began investing in China in 1994 to increase its production capacity and decrease the production cost 3 DBTEL was a supplier for Lexmark International s Lexmark 5700 colour printer 4 Lexmark sued DBTEL in 1998 for allegedly leading Lexmark to incorrectly believe it could take care of design adjustments since it had the engineering acumen and manufacturing volume 4 The delay Lexmark asserted in a US federal court lawsuit led to the printer s not being shipped to consumers for months over the deadline 4 Owing its long term research into high frequency cordless telephones DBTEL was able to manufacture products that met the GSM standard in 1998 3 As DBTEL was facing headwinds from the decreasing profits for making cordless telephones founder Michael Mou had to find a new way for the company to grow 3 Motorola at that time needed to find a manufacturer to reduce its production costs so in 1998 the two companies signed an agreement 3 DBTEL began making GSM phones for Motorola and began producing phones for Siemens Alcatel Mobile and other companies in the world 3 In 1999 DBTEL released its inaugural cell phone after having produced cordless telephones for numerous years 5 In a first for Taiwanese cell phone producers it secured China s authorisation in 2000 to market branded cell phones in the country 6 DBTEL used to be Motorola s largest manufacturer 7 When the mobile phone market experienced weakness in 2000 Motorola responded by cutting its requests for DBTEL and instead built the phones in their own factories 3 DBTEL experienced a revenue decline and began losing money 3 By 2001 the two companies relationship deteriorated further 3 DBTEL was forced to stop production after not receiving any orders from Motorola for four months 3 After facing numerous challenges DBTEL which had unstable original equipment manufacturer OEM sales transformed from an OEM company into selling its own brand 3 8 In June 2001 it released a branded mobile phone its first foray into China as its own brand called Di Bǐ Te Chinese 迪比特 3 In November 2001 it released a branded mobile phone in Taiwan called DBTEL 3 Motorola filed a lawsuit against DBTEL in 2002 accusing it of divulging trade secrets and the company s contract ended that year 9 10 After DBTEL s Motorola contract ended in April 2002 3 11 both the company s stock price and employee morale dropped 8 Business Today zh said in 2002 that DBTEL was widely considered to be like The Boy Who Cried Wolf in its repeated cutbacks of its financial outlook in four of the past six years 9 Struggles leading to operating losses Edit In 2002 s first six months over 1 6 million DBTEL cell phones were purchased 5 5 of the cell phone market in China was captured by DBTEL s brand in 2002 5 Its phone lacked General Packet Radio Service which The Wall Street Journal said could dissuade radio operators from adopting DBTEL s technology 5 In 2002 DBTEL released two phones which the Financial Times described as a colour screen model and one claimed to be the smallest clam shell phone in the world 12 DBTEL released diamond studded cell phones in 2003 in the colours of black gold red and white and bearing names like Venus Elf and Allure 13 Whereas the least expensive diamond phone cost A 1 370 US 889 the most expensive three carat one retailed for A 45 650 US 29 606 13 The company sold 90 of its phones in China and the remainder in Taiwan and Southeast Asia in 2004 14 DBTEL aimed to overtake Nokia which ranked first in the world in mobile phone sales after it achieved strong results in mainland China at the beginning 1 The company used Taiwanese actress Stephanie Shiao Hong Kong singer Sammi Cheng and Indian actress Reema Sen to promote its products and opened its flagship store on Fuxing Road in Taipei 8 15 DBTEL established its Chinese headquarters in the Shanghai Xinzhuang Industrial Zone zh where it continued doing research and development and began marketing teams 8 Through a strong stock market performance DBTEL was able to accumulate more money to grow its business in China 1 In 2003 the company sold five million of its phones in China that year and achieved a gross margin of 25 8 By number of mobile phones sold in China that year DBTEL was ranked number six in tier one and tier two cities and number four in other cities 3 With 85 of its revenue from China the company had a profit of NT 2 billion US 65 000 000 in 2003 3 Observers became concerned that owing to its deep reliance on China s volatile economy DBTEL would be unable to continue making money 1 The company experienced challenges in the Chinese market with mobile phone prices quickly falling and competition increasing 3 It released a new phone brand called Dbtel International to compete against Nokia and Samsung Electronics 3 In 2004 owing to competition from Motorola Nokia and Samsung which were focusing more heavily and China and its own unsuccessful attempts DBTEL lost NT 2 billion US 65 000 000 3 After facing challenges with selling its own branded products DBTEL returned to making original equipment manufacturer OEM sales in a dual pronged approach of having both branded and OEM sales 3 It continued to be battered by the market through competition from parallel imports and white label products losing NT 2 4 billion US 78 000 000 in the first half of 2004 3 Before 2005 the company had been the only Taiwanese firm with domestic sales rights in China 3 In May of that year BenQ and OKWAP zh received the Chinese domestic sales rights while MiTAC Holdings received the rights in September 3 Several mergers and acquisitions that year which included separate activity from Foxconn and Siemens led to increased competition in the OEM and original design manufacturer ODM arenas 3 The increased competition exacerbated DBTEL s troubles 3 In a June 2005 meeting Michael Mou proposed splitting the company into three to try to attract people into investing 3 In the first three quarters of 2005 the company had a loss of NT 3 438 billion US 111 300 000 3 Most of the loss was from the company s Shanghai subsidiary Shanghai DBTEL which had been established in 1993 3 6 DBTEL shrank its presence in China It once had 27 branches and 10 000 employees there but was down to nine branches and 2 000 employees in 2005 3 Beginning in September 2005 DBTEL announced it would cease injecting money into DBTEL Shanghai so that the subsidiary would no longer cause monetary damage to the parent company 6 16 In the midst of experiencing deep monetary troubles Shanghai DBTEL for three months failed to compensate suppliers 6 Travelling to Shanghai the company s debtees asked to be paid 6 Later history Edit The company planned to build a 20 000 ping 66 100 m2 headquarters at Dingpu High tech Industrial Park zh but had to decrease its area by half following the failure of an attempted NT 3 8 billion US 120 000 000 selling of shares 17 After uncovering unusual DBTEL stock trading happening several government departments led by the Taiwan Taipei District Prosecutors Office zh collaborated on conducting an investigation into insider trading 1 18 At the end of September 2005 prosecutors began an insider trading inquiry regarding two company executives Michael Mou the company s chairman and Kuo Pei chih its president and Mou s wife 17 Investigators said DBTEL had revealed to the public that it had experienced losses and was adjusting its financial outlook down right after selling many shares of its stock 19 The company was accused of funnelling funds they had obtained through shorting company shares to subsidiary companies including to its Shanghai subsidiary 20 The company denied the allegations 17 An analyst at SinoPac Securities Corporation criticised DBTEL stating We haven t covered Dbtel for a long period of time and we have no plan to put the stock on our investment list Untrustworthy financial forecasts have upset investors stomachs 1 After the announcement of the inside trading investigation Moneyweekly said In fact looking at the ups and downs of the mobile phone industry the biggest crisis DBTEL faces is not just emptying the cloud of doubts but the bigger crisis will be the battle of life and death for the division of labor in the mobile phone industry If DBTEL can no longer play its core role or is unable to successfully create their own brand I am afraid that they face a more serious crisis of being eliminated 21 Business Next noted in 2004 that the company had to repeatedly curtail its financial projections 8 Prosecutors prevented company chairman Michael Mou from leaving Taiwan for a decade 22 He was acquitted in one insider trading trial but was convicted in a second trial 2 DBTEL changed its Chinese name from Daba Dianzǐ Chinese 大霸電子 to Dǐng Chuang Da Chinese 鼎創達 after the 2005 launch of the insider trading investigation 7 Mou was president of the company in 2014 2 DBTEL applied to end the over the counter trading of its stock in November 2020 and acquired outstanding shares 23 Taipei Exchange approved the application 24 See also EditList of companies of TaiwanReferences Edit a b c d e f Wang Lisa 2005 10 10 Dbtel s rise and fall show that integrity counts a lot Taipei Times Archived from the original on 2022 02 14 Retrieved 2022 02 14 a b c 謝璦竹 2014 12 28 大霸電內線交易案 含冤莫白 DBTEL insider trading case falsely accused and condemned China Times in Chinese Archived from the original on 2022 02 14 Retrieved 2022 02 14 a b c d e f g h i j k l m n o p q r s t u v w x y z aa ab ac ad ae 周信輝 2006 高科技行銷 High Technology Marketing in Chinese Taipei Wu Nan Book zh pp 76 79 ISBN 978 9 571 14370 5 Retrieved 2022 02 13 via Google Books a b c Butters Jamie 1998 06 17 Lexmark sues its Far East supplier Lexington Herald Leader Archived from the original on 2022 02 13 Retrieved 2022 02 13 a b c d Latour Almar 2002 10 10 DBTEL Follows Its Rivals Into Mobile Phone Market The Wall Street Journal Archived from the original on 2022 02 14 Retrieved 2022 02 08 a href Template Cite news html title Template Cite news cite news a CS1 maint bot original URL status unknown link a b c d e O Neill Mark 2006 03 02 Dbtel makes final call in mainland South China Morning Post Archived from the original on 2022 02 14 Retrieved 2022 02 14 a href Template Cite news html title Template Cite news cite news a CS1 maint bot original URL status unknown link a b 王憶紅 2015 06 15 莫皓然 品牌走機海就輸了 Michael Mou Brands lose when they go to the sea of machines Liberty Times in Chinese Archived from the original on 2022 02 14 Retrieved 2022 02 14 a b c d e f 大霸電子笑傲中國手機市場 DBTEL is proud of the Chinese mobile phone market Business Next in Chinese 2004 02 15 Archived from the original on 2022 02 14 Retrieved 2022 02 14 a b 江煒琦 2002 12 05 莫皓然 台灣一直走代工沒前途 P 58 Michael Mou Taiwan has always been an OEM with no future P 58 Business Today zh in Chinese Archived from the original on 2022 02 14 Retrieved 2022 02 14 Shih Jennifer D 2002 05 16 Local Focus Daily Herald Medill News Service Archived from the original on 2022 02 13 Retrieved 2022 02 13 Chinadaily com cn Court rejects complaint against Motorola China Daily 2006 08 26 Archived from the original on 2022 02 13 Retrieved 2022 02 13 Budden Robert 2002 10 10 Asian minnow eyes Europe DBTEL is ready to take on established names in the mobile telecoms handset industry Financial Times p 31 ProQuest 249258939 Archived from the original on 2022 02 13 Retrieved 2022 02 13 a b Diamond phones say it with class Sunday Mail 2003 08 24 Archived from the original on 2022 02 13 Retrieved 2022 02 13 Wang Lisa 2004 01 21 Dbtel says brandname handset sales to double Taipei Times Archived from the original on 2022 02 14 Retrieved 2022 02 14 Hello Looking for a change The Hindu 2003 12 04 Archived from the original on 2022 02 13 Retrieved 2022 02 13 Wang Lisa 2005 12 27 Dbtel may pull out of Chinese mobile market to survive Taipei Times Archived from the original on 2022 02 13 Retrieved 2022 02 13 a b c Wang Lisa 2005 10 01 Dbtel defends share sale as executives face probe Taipei Times Archived from the original on 2022 02 14 Retrieved 2022 02 14 大霸爆掏空數十億元 檢調查帳高手50人 搜老董住處公司 DBTEL empties billions of dollars 50 people who are experts in checking and accounting search director s residence and company Apple Daily in Chinese 2005 09 30 Archived from the original on 2022 02 14 Retrieved 2022 02 14 吳琬瑜 2007 11 21 當CEO變成階下囚 內線交易 風聲鶴唳 When the CEO becomes a prisoner insider trading there is panic suspicion and fear CommonWealth Magazine zh in Chinese ISSN 1015 2784 Archived from the original on 2022 02 14 Retrieved 2022 02 14 張嘉玲 葉倉霖 2005 09 30 揚言打敗NOKIA 大霸電驚爆掏空 Once having threatened to defeat NOKIA DBTEL was shocked and hollowed out in Chinese TVBS Archived from the original on 2022 02 14 Retrieved 2022 02 14 魏喬怡 2012 05 22 大霸電子撐得過去嗎 Can DBTEL hold up Moneyweekly in Chinese Archived from the original on 2022 02 14 Retrieved 2022 02 14 項程鎮 2018 05 17 神秘禁足令1 帶孫子遊墾丁 總統府資政才知遭境管 壹特報 lt Mysterious Lockdown Order 1 gt Taking my grandson to Kenting the senior officials of the Presidential Office knew that they were being controlled by the border One Special News Next in Chinese Archived from the original on 2022 02 14 Retrieved 2022 02 14 林燦澤 2020 10 29 鼎創達股票自11 20起終止櫃檯買賣 DBTEL stock will be terminated from OTC trading in 11 20 China Times in Chinese Archived from the original on 2022 02 14 Retrieved 2022 02 14 張漢綺 2020 10 26 店頭市場 2上櫃 1下櫃申請案通過 lt Over the counter market gt 2 OTC listing applications and 1 OTC delisting application passed China Times in Chinese Archived from the original on 2022 02 14 Retrieved 2022 02 14 Further reading Edit林宏達 2004 12 02 跟翔奕是轉投資關係還是借貸關係 大霸電子捲入勞資糾紛三角習題 Is it a reinvestment relationship or a loan relationship with Xiangyi DBTEL is involved in a triangular labor dispute Business Weekly in Chinese Archived from the original on 2022 02 14 Retrieved 2022 02 14 External links EditOfficial English language website at the Wayback Machine archived 7 November 2015 Official Taiwanese website at the Wayback Machine archived 17 March 2020 in Chinese Retrieved from https en wikipedia org w index php title DBTel amp oldid 1114264329, wikipedia, wiki, book, books, library,

article

, read, download, free, free download, mp3, video, mp4, 3gp, jpg, jpeg, gif, png, picture, music, song, movie, book, game, games.