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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 sheh on 1/12/2008 8:59:02 PM , Rating: 2
My experience with Logitech support wasn't good.

When my iFeel MouseMan started having button trouble at the end of its 5 years warranty (other problems started much earlier but I didn't want to go through replacement and lived with them), I contacted their EU support.

At first it looked promising. The mouse was purchased abroad and I didn't have any purchase proof, but they didn't seem to care and just said I'd need to cut the end of the USB cord, send it to them, and they'll send a replacement. I was pleasantly surprised.

Then they found out they didn't have any more of that model and offered instead a low-mid-end alternative. I refused and said I wanted something with features similar to what I had, and they suggested a different low-mid-end alternative that was still unsatisfactory. I found their inferior replacement suggestions insulting.

So now, for me, Logitech = overpriced, low quality, useless warranty.


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