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'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.