Logitech has entered the first quarter of its fiscal year 2012 (which corresponds to the second quarter of calendar year 2011) on a sales decline of 4% and a net loss of $ 30 million. This poor record has claimed its place in the CEO Gerald P. Quindlen who is temporarily replaced by President Guerrino De Luca until the group finds a new CEO.
Logitech's sales reached only $ 480 million in the first quarter of 2012 against 479 million the previous year. Given the favorable exchange rate, these figures actually show a decrease of 4%. Operating income is negative (- $ 34 million) but takes into account an anticipated price drop box Logitech Revue / Google TV $ 249 to $ 99.
Logitech also evokes sales "very low" in the USA in the category Digital Home. Sales in retail trade remained stable in the U.S. but down 14% in EMEA (Europe Middle East Africa). Sales to OEM, they, down from 16% in the world.
Logitech's sales reached only $ 480 million in the first quarter of 2012 against 479 million the previous year. Given the favorable exchange rate, these figures actually show a decrease of 4%. Operating income is negative (- $ 34 million) but takes into account an anticipated price drop box Logitech Revue / Google TV $ 249 to $ 99.
Logitech also evokes sales "very low" in the USA in the category Digital Home. Sales in retail trade remained stable in the U.S. but down 14% in EMEA (Europe Middle East Africa). Sales to OEM, they, down from 16% in the world.
- Logitech dumps Revue to $99 amid dire Q2: loses $30m and CEO (28/07/2011)
- Logitech CEO steps down after money losing Q1, Revue price slashed to $99 (28/07/2011)
- Logitech shows Google TV's trouble as Revue drops to $99 (28/07/2011)
- TGWK's Review - Logitech Keyboard Case by ZAGG (28/07/2011)
- Top Active Trader Alert Stocks (AKAM, ASML, ECYT, LOGI) (28/07/2011)
No comments:
Post a Comment