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Logitech on the up amidst Microsoft bid talk

In the world of computer users, there are two types of mouse and keyboard users – those who prefer Microsoft and those who prefer Logitech. Oddly enough, Microsoft itself may prefer Logitech as stock traders speculated that the software giant would launch a takeover bid for the Swiss-based peripherals maker.

Shares of Logitech surged up to 12 percent based on the trader talk, despite comments from Logitech’s Daniel Borel expressing no desire to sell his stake in the company.

"I am a co-founder of Logitech. Would you be willing to sell your child?" Borel told Reuters in an interview. "I have no reason to sell. But I will not be the one to decide. I own only some 6 percent so I will neither enable nor prevent a sale of Logitech."

Buzz circulated in the market that Microsoft prepared a takeover bid of 48 francs per share for Logitech. "Rumours are rumours. I can't make any specific comment on them," Borel added.

Not everyone believes that the Logitech shares jump is a result of an impending takeover. "Today's share price rise is probably more related to a rebound in the market than any rumours," said an analyst at bank Vontobel.

Furthermore, even if Microsoft were interested in buying Logitech, the company would first need to overcome antitrust regulatory issues.



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Ballmer... makes me lol
By Silverel on 1/11/2008 4:01:23 PM , Rating: 1
Not that he had anything to do with it, but he does look like an ape hooting in joy over the whole idea.

Maybe the guy from the "Leave Britney Alone!" video would be just as good. I like Logitech, they make good stuff, and are a good competitor. I think the hopes that M$ could buy them were pretty short-lived. You're only allowed so much of the pie before the govt. starts telling you no. Gotta let the competition grow a bit before clearing the battlefield with another buyout.




"Mac OS X is like living in a farmhouse in the country with no locks, and Windows is living in a house with bars on the windows in the bad part of town." -- Charlie Miller











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