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Logitech flags $211 mln charge in Q3 for video conferencing unit
January 23, 2013 / 6:00 AM / 5 years ago

Logitech flags $211 mln charge in Q3 for video conferencing unit

ZURICH, Jan 23 (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)

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