Logitech Q3 earnings reveal plans to sell off Harmony remote, video security divisions

Written by Digital News on . Posted in News from the Web

Logitech Q3 earnings reveal plans to sell off Harmony remote, video security divisions

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

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Source:Logitech

Read more http://www.engadget.com/2013/01/23/logitech-q3-earnings-selling-harmony-remotes/

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