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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: Just a thought
By crystal clear on 1/12/2008 6:27:16 PM , Rating: 2
Marketshare yes at what cost ?

If you do the calculations for that amount of money approx,does it recover your investment instantly-I doubt.

Yes take a majority stake say 51%, ok fine if you have spare cash sitting idle that you wish to put to use.

If you think longterm then R&D + design teams give you the returns,given the fact new technologies are fast coming in.

I would not be surprised to hear one day the keyboard/mouse becomes obselete,because new technologies ranging from-
Surface computing/touch screens to text to speech & its reverse form speech to text to technologies used in tablets(laptops),etc etc being developed mainly by start ups in Israel to USA.

Put the cash venture capitalist style in start ups that could/can/able to give you the stuff to compete in the future.

Given the economic forecast for 2008,the USA is expected to enter into recession,which will have the spill over effect over other major world economies.

Consumer spending is expected to fall drastically for the full year.

Putting aside economics which is a topic by itself-the future is R&D with start ups giving you the real stuff.

Invest in Start ups, thats the future.

Nice discussing with you Tom.


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