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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: Monopoly much?
By dluther on 1/13/2008 12:45:58 AM , Rating: 2
Both companies make excellent products. I've been using the Microsoft Natural keyboards for over 13 years now, and it has not only saved me from a horrible case of carpal tunnel syndrome, it has actually helped reverse those effects. Unfortunately, that particular design is not duplicated anywhere else.

Microsoft is probably suffering from growing pains in the peripheral business. It would be nice for them to own a subsidiary that only produces such peripherals (keyboards, mice, headsets, gaming accessories) because Microsoft is not a hardware company, but they do have very deep pockets.

Having to essentially devote a department or two to design and outsourcing manufacturing, and with their taking a page from Apple's playbook and closing the XBox 360, Microsoft's hardware division must be pulling their hair out.

I don't know who OEMs Microsoft's peripherals, but if it's a publicly traded company, that company's stock is probably taking a downturn. Certain OEM blogs surely will have mentioned a large customer not renewing standing orders or offering reduced guidance...


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