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)
- U.S., Arab partners launch first strikes on IS in Syria
- Qatar adamant it will host 2022 World Cup despite doubts
- Ebola could strike 20,000 in six weeks, 'rumble on for years': study
- Argentina's Fernandez to meet billionaire investor Soros in New York
- More Americans than ever have never married: survey