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Print 84 comment(s) - last by StevoLincolnit.. on Jan 22 at 5:31 AM

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 tastyratz on 1/15/2008 10:11:59 PM , Rating: 0
or hey why don't I go out on a limb here. Stop hitting the damn button. Take mario teaches typing or practice. The problem isn't the fancy new keyboard with the snazzy extra button its the finger fumble. Ive had windows keys on my keyboards for years and I cant recollect hitting the button by mistake once in any fps session. Do you really just have mickey mouse paws and smash your keyboard frequently enough that its truly a problem? If your hitting that key by mistake your hitting others by mistake. Whats next you lost the quake tourney because the sun was in your eyes?

Lets be honest on the takeover though its just BS rumors. MS would have quite the hurdles to get over with antitrust before they had boardwalk AND park avenue.


RE: Monopoly much?
By StevoLincolnite on 1/22/2008 5:31:04 AM , Rating: 4
I Apologies if no one is exactly perfect like you're self, and never make mistakes. - Maybe you might grow out of that ignorance one day.


"We basically took a look at this situation and said, this is bullshit." -- Newegg Chief Legal Officer Lee Cheng's take on patent troll Soverain











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