GoogleTVForum.org is the largest Google TV/Android TV Forum! Registered Users do not see these ads. Please Register - It's Free!
+ Reply to Thread
Results 1 to 1 of 1
  1. #1
    News Team
    Member #
    615
    Join Date
    Nov 2010
    Location
    Indiana, Logitech Revue
    Posts
    1,167
    Thanked
    50 times

    Logitech Fourth-Quarter Net Drops 89%

    Logitech Fourth-Quarter Net Drops 89% on Lower Regional Sales

    By Chiara Remondini - Apr 27, 2011
    Logitech International SA , the world’s biggest maker of computer mice, said fourth-quarter profit fell 89 percent on lower sales in Europe, the Middle East and Africa.

    Net income in the quarter ended March 31 declined to $2.8 million from $24.5 million a year earlier, the Romanel-sur- Morges, Switzerland-based company said in a statement. Revenue increased 4 percent to $548 million. Net income had been predicted at $6.5 million on sales of $548 million, according to analyst estimates compiled by Bloomberg.

    “The disappointing conclusion was due to weaker-than- anticipated demand in the second half of fourth quarter for our products in Europe, Middle East and Africa,” Chief Executive Officer Gerald Quindlen said in the release.

    Logitech lowered its full-year sales and profit forecasts on March 31 because of “projected shortfalls” mainly due to “weakness” in the company’s Europe, Middle East and Africa retail sales region. The company said it had seen lower-than- expected demand for retail products in the region, which accounts for about 45 percent of total sales, from both distribution partners and consumers.

    Global personal-computer shipments unexpectedly fell 3.2 percent in the first quarter as businesses and consumers held off on purchasing new machines and shifted focus to tablet computers, market-research company IDC said on April 13. The researcher had projected worldwide shipments would grow 1.5 percent from a year earlier.

    Logitech, which also produces home-entertainment control, gaming and wireless devices, bought LifeSize Communications Inc. in 2009 for $405 million to expand into the videoconferencing market.

    Google TV

    In the last quarter of 2010, the company started Logitech Revue, a set-top box to access Google Inc.’s TV, which it offers for about $300 in the U.S. The company said at the time it was “confident” about the long-term potential of the Google TV platform, which combines Internet access with on-demand TV.


    Logitech forecast revenue will increase to about $2.6 billion in the fiscal year through March 2012 and operating profit will be up to $185 million.

    The company in March predicted full-year sales in a range of $2.35 billion to $2.37 billion and operating income between $140 million and $150 million.

    The shares rose 1.3 percent to 12.31 francs in Zurich on April 27, giving the company a market value of 2.4 billion francs ($2.8 billion).

    Rick
    -----------------------------------------------------------------------------------------------------------------------
    Samsung HL67A750 RPTV, Panasonic LCD HD-TV TC-32LX50, 2-Panasonic LCD HD-TV TC-23LX50, DirecTV HR22/AM21/ Slimline 3 LNBF, 622 VIP DISH HD DVR W/ W D My Book Essential 750Gb EXTERNAL hard drive, ONKYO HT-S9100 THX speakers & 1080P A/V receiver, ONKYO DV-BD606 Blu-Ray Disc Player, Harmony ONE Remote, Logitech Revue GOOGLE TV, All TV's/computer Home Networked, Internet on both DVRs, 56 PICTURES of Home Theater,
    http://community.webshots.com/user/rickaren103




 

Ads

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts

Search tags for this page

googie tv
,

www.89.com

,
www.89.net
,
www.89google.com
,
www.gogoel.89 com
,
www.google.89
,
www.google.89.com
,

www.google.com.89

,

www.google.com89

,
www.google.com89.com
,
www89 com
,

www89.com

Click on a term to search our site for related topics.

Tags for this Thread