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[HC] Logitech Posts Dramatic Quarterly Loss, Starts Looking for new CEO

post #1 of 40
Thread Starter 
http://www.hardwarecanucks.com/news/...g-for-new-ceo/

Think the've been resting on their laurels for too long.

Take their new top-of-the-line Z906 speakers. Instead of improving on the Z5500 it was a downgrade.
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post #2 of 40
Wow, that's something I wasn't expecting.

Never even heard of the "Revue", either.
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post #3 of 40
Maybe this is a wake up call for them to try and new approach on things.... Even their keyboards are not that great anymore compared to the current mechanical board market.
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post #4 of 40
You should use the proper format (check the sticky) before some forum nazi jumps on you.
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post #5 of 40
Considering how amazing the quality of hardware is on the G930 headset I have and the absolute train wreak pile of garbage the software is this news is not surprising to me.

Logitech needs to sort their business out.
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post #6 of 40
They once made great products, but I feel like they still make the same products while the competition gets further ahead. Their current gaming mice seem so out of date compared to those by companies like Razer.
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post #7 of 40
Here is a DailyTech source: http://www.dailytech.com/Logitech+Po...ticle22290.htm

Quote:
The Romanel-sur-Morges, Switzerland-based company is not looking good, and now, Logitech CEO Gerald Quindlen is stepping down. His temporary replacement will be Logitech International SA's Guerrino De Luca, who was the company's CEO before Quindlen.

From 1998 to 2008, De Luca was the CEO of Logitech. In 2008, Quindlen replaced De Luca, but the company has experienced financial hardship ever since. In fact, Logitech stock has declined more than 80 percent since Quindlen took the position of CEO January 1, 2008.
So basically Logitech is bringing back the CEO whom was making them money. They replaced him before and they have been losing money since then.

The failure of GoogleTV is losing Logitech money.
Edited by Riou - 7/29/11 at 8:54am
post #8 of 40
I doubt replacing the CEO will fix the real issue...

Obviously they are suffering like everyone else in these difficult economic times, businesses everywhere are stressed to the max with low or no consumer spending.

You walk into many stores and you will find them dead.

Wal-Mart obviously has a large portion of the consumers. Wal-Mart may not be selling any Logitech Products because people are strapped for cash everywhere!

I don't really think that the problem lays with employees, though they are going to have to make some major cutbacks on spending, removing excessive waste, and cutting back on employees like everyone else in order to bring the company to a profitable level. Once things slow down, like they have been for the last year or so for everyone, it's important to trim off the fat and lighten your load, or the ship may go down taking in too much water (debt)...
Edited by _GTech - 7/29/11 at 9:18am
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post #9 of 40
Thread Starter 
Whoa, never knew it was a Swiss company. Always thought it was Taiwanese or US.
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post #10 of 40
They have made some great mice, besides that I have always thought their products were pretty meh, so-so, average, 5/10 type affairs.
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