Logitech flags $211 million charge in Q3 for video conferencing unit
ZURICH (Reuters) - Logitech, the no.1 maker of computer mice, said it will charge $211 million against third-quarter earnings for its video conferencing reporting unit.
"The enterprise video conferencing industry has experienced a slowdown in recent quarters and consequently, through this period, the video conferencing reporting unit has not sustained the growth Logitech originally anticipated," the technology company said in a statement on Wednesday.
(Reporting By Katharina Bart)
- Radar showed missing plane may have turned back: Malaysia military
- Malaysian jetliner may have turned back before vanishing |
- Malaysian plane presumed crashed; questions over false IDs |
- Malaysian jet's disappearance among rarest of aviation disasters