The fiscal 2013 Q3 numbers from Logitech are in, and according to new CEO Bracken P Darrell, the “disappointing” results will require immediate action to turn around — action that includes selling off its remote control (read: Harmony) and digital video security divisions. At this time last year, we were still looking forward to a refresh of the line which resulted in the Harmony Touch, but that does not appear to have turned things around.
According to a slide in the presentation, after a strategic review, Logitech is focusing on tablet accessories, wireless speakers as well as keeping its lead in PC-related products. Other “non-strategic” products are also on the chopping block, and we’d have to think that includes video conferencing after yesterday’s announcement. There’s no word about a possible buyer, but we’re still looking through the report and will have more information shortly.
Developing…
Filed under: Home Entertainment, HD
Source:Logitech
Read more http://www.engadget.com/2013/01/23/logitech-q3-earnings-selling-harmony-remotes/
