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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 Quiescent on 1/11/2008 8:28:03 PM , Rating: 0
Wow. That's why I don't buy a Sony Camcorder.

The only Sony product I own is a pair of DJ Style MDR-V700s.

My dad got stupid and bought a Sony TV, and it screws up, takes the store he bought it from like a year to come out and fix it.

On the other hand, my terms with Logitech support have been pretty merry. Asustek was nice enough to tell me that my motherboard from a barebone does support a 20+4pin powersupply as well as 24pin powersupply. Creative was nice enough to tell me that the soundcard on my old gateway was an OEM. Gateway sucked for the support of my soundcard. Linksys was pretty nice to help me out a long time ago with an issue with my Wireless router. Sprint was pretty cool with beining non-asinine as well as not taking forever for any issues I might have with ADSL. Cox... Nobody at Cox is smart enough to talk to about issues. Motorola was okay, but I still hate how they made my modem cheaper than cheap. Epson was semi-helpful in attempts of using their printer for what my dad's business was using it for. Later after reading Dailytech, I figured out why it was printing spotty on the type of paper we used.

There was one bad thing I came across with Logitech. I had asked if my MX Revolution was configurable to be set at a different frequency because I was a bit nervous about interference. They said no it wasn't, but somehow included something about a microphone having interference issue with my mouse. Kind of weird, but they got the point across.

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