Tuesday, 6 January 2009

Logitech Slowdown

Just one month after celebrating the shipment of its billionth mouse, Logitech has announced that it has withdrawn its growth targets for FY09. The explanation given by CEO Gerald Quindlen is a combination of reductions in customers' inventory levels plus an expectation that the economic environment will worsen in the coming months.

Logitech will be reporting its Q3 results on 20th January.

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