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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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RE: Don't
By TomZ on 1/11/2008 4:39:01 PM , Rating: -1
Give me a break, last time I used Logitech support, they were absolutely terrible.

The same problem exists with nearly all these larger companies - they see support as a cost that needs to be minimized through outsourcing, restricting access, and allowing shady subcontractors to provide mediocre (at best) support so that customers are discouraged from ever contacting their support again.

I had a support chat with a Sony technician last week where the guy insisted that their software doesn't support Vista. Even after I explained to him that the Sony CD said "for Windows Vista" right on it, and that it was working properly the week before, he refused to provide any tech support because the software "wasn't supported on Vista." I asked for his manager's contact information, which prompted him to go off and consult with his manager.

After doing so, he came back and told me that he and his manager agreed that the software didn't support Vista. I explained again that the Sony CD said it supported Vista, but he still wouldn't budge. I asked for his manager's contact information, and he refused to give it to me, and said that there was nothing he could do to help me. Absolutely unbelievable.


RE: Don't
By ZaethDekar on 1/11/2008 6:01:20 PM , Rating: 3
I am sorry but one companies tech support is not the same as another.

You said you called Sony. How is that remotly close to Logitech?


RE: Don't
By TomZ on 1/11/08, Rating: -1
RE: Don't
By sxr7171 on 1/12/2008 3:36:13 PM , Rating: 1
It's called relevance. Try to keep your posts relevant. Writing about a Sony call when discussing Logitech is like talking about pork belly futures when you're trying to give a presentation about attention deficit disorder.


RE: Don't
By RMSistight on 1/11/08, Rating: 0
RE: Don't
By TomZ on 1/11/2008 7:24:44 PM , Rating: 2
It was actually a camcorder.


RE: Don't
By Quiescent on 1/11/08, Rating: 0
RE: Don't
By Zoomer on 1/12/2008 7:56:49 AM , Rating: 2
They actually have pretty nice sub 14" laptops, or 14" laptops with higher end (read: not Intel) graphics.


RE: Don't
By sxr7171 on 1/12/2008 11:24:28 AM , Rating: 1
Not unbelievable. You bought Sony. What did you expect? They think their products are so amazing that if they don't work it's the customer's fault. Well, they got that impression by people lining up to buy their substandard products. Next time consider Canon. That's a company that makes quality products.


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