ADVFN - Advanced Financial Network.
HOME» NASDAQ » L » LOGI Stock Price » LOGI Stock News

Logitech International S.a. - Registered Share News

 Logitech International S.a. - Registered Shares (mm) Stock Price
LOGI Stock Price
 Logitech International S.a. - Registered Shares (mm) Stock Chart
LOGI Stock Chart
 Logitech International S.a. - Registered Shares (mm) Stock News
LOGI Stock News
 Logitech International S.a. - Registered Shares (mm) Company Information
LOGI Company Information
 Logitech International S.a. - Registered Shares (mm) Stock Trades
LOGI Stock Trades

Logitech Buys Mirial As Part Of Video Conferencing Push

--Mirial Makes Video Conferencing Software For Smartphones and Tablets --Deal Will Support Logitech's Fast Growing LifeSize Unit --Analysts Say Acquisition, In Area With High Growth Potential, Will Be Good For Sentiment --Comes Amid Slumping Demand For Consumer Electronics Across Europe By John Revill Of DOW JONES NEWSWIRES ZURICH -(Dow Jones)- Logitech International SA (LOGN.VX) Wednesday said it has bought Italian company Mirial, part of a broader push into the high-growth area of video conferencing that aims to offset sluggish sales of its traditional products amid a slump in demand for consumer electronics across Europe. Logitech bought Mirial, which provides personal and mobile video conferencing software for tablets and smartphones, for an undisclosed sum and said it will be integrated into its LifeSize unit. Logitech bought LifeSize in 2009 for $405 million, as the Morges, Switzerland-based company battles the rise of tablet computers eating into its computer peripheral business. Sales of LifeSize, which competes with Cisco Systems Inc. (CSCO), and Polycom Inc. (PLCM), hit a record in the three months to the end of March 2011, rising 88% to $39.4 million. Logitech's total sales in the period rose 4% to $548 million, but were hurt by a 10% fall in sales to original equipment manufacturers and a 17% decline in Europe, Middle East and Africa. The fall in Europe contrasted with a 32% increase in retail sales in Asia and an 11% rise in the Americas, Logitech's largest market. "This acquisition is a significant step forward in our ongoing efforts to make video communication as ubiquitous as voice-only calls are today," said Logitech Chief Executive Gerald Quindlen in a statement. "This seems like a sensible addition to Logitech's video conferencing portfolio, and will be good for sentiment," said Bank Vontobel analyst Michael Foeth. Last November, Logitech said it expected organic growth in the video conferencing market of 15% to 20% over the next five years. Gross margins for video conferencing are expected to be in the 50%-60% range compared with 32.8% for Logitech's total business which includes computer mice and keyboards. Analysts see limited growth for these traditional products in developed markets, and the growth in LifeSize could help compensate. A regional slump in demand for consumer electronics led to a recent profit warning from Philips Electronics NV (PHIA.AE) and has hammered sales at electronics retailers. "Lifesize is still a very small part of the Logitech business, but there is a lot of potential for growth," said Foeth. "PC sales are being cannibalised by tablets and smartphones, and there's a lot of pressure on companies to do something in this area. Now they have done it," said Zuercher Kantonalbank analyst Andreas Mueller. Mirial's video conferencing software supports a broad range of platforms and mobile software, including Apple Inc.'s (AAPL) iOS and Google Inc.'s (GOOG) Android. Logitech reports first quarter 2012 results July 28. -By John Revill, Dow Jones Newswires; +41 43 443 8042 ; john.revill@dowjones.com

Stock News for Logitech International S.a. - Registered (LOGI)
DateTimeHeadline
10/23/201418:43:48ADR Shares End Mixed; Nokia, Unilever Shares Trade Actively
10/23/201400:00:49Logitech 2nd Quarter Net Income More Than Doubles
09/04/201417:46:25ADR Shares End Lower; BP Shares Trade Actively
07/24/201400:50:21Logitech 1st Quarter Net Profit Jumps
04/11/201416:31:43EUROPE MARKETS: European Stocks Extend Selloff, Notch Weekly...
04/11/201413:04:46EUROPE MARKETS: European Stocks Extend Selloff, Head For Weekly...
03/06/201412:15:14EUROPE MARKETS: European Stocks Trim Gains After Draghi Comments
03/06/201408:27:03EUROPE MARKETS: European Stocks Stay Higher After ECB; Draghi...
01/23/201409:20:56U.S. Hot Stocks: Hot Stocks to Watch
01/14/201417:17:41ADR Shares End Higher; AstraZeneca Shares Active
04/17/201309:14:29U.S. HOT STOCK FUTURES: HOT STOCKS TO WATCH
05/24/201217:17:09ADR Report: Shares Fall Slightly On Continued Greece Worries
01/26/201216:59:16ADR Report: Shares Edge Fractionally Higher On European Gains
01/05/201209:16:21Marvell Replaces Intel As Google's Lead Chip Partner On TVs
09/22/201109:15:18US Stock Futures: HOT STOCKS TO WATCH
07/28/201118:18:25Logitech Sheds Unflattering Light On Google TV Effort
07/27/201122:56:51Logitech Swings To $29.6 million 1Q Net Loss; CEO Quindlen Steps...
07/20/201108:15:18Logitech Buys Mirial As Part Of Video Conferencing Push
06/20/201114:35:33Google Buys Media Software Maker SageTV
04/27/201122:56:31Logitech International 4Q Net $2.8 Million Vs $24.5 Million

Logitech International S.a. - Registered and other NASDAQ stock quotes are delayed by at least 20 minutes.
All other stock price and quote data is delayed by at least 15 minutes unless otherwise stated. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad