Latest Telepresence and Visual Collaboration News:
Logitech LifeSize CEO Forecasts Rebound in Revenue Growth
January 31, 2012 | Hogan Keyser
Lower sales growth in the last quarter of 2011 "was a moment in time, a transition, not a trend," Colin Buechler, the unit's chief executive officer, said in a phone interview. "The platform we're unveiling today will help us back to the expected growth rates."
LifeSize's new universal video collaboration, or UVC, system provides a "simpler, cost-effective" option for companies, Buechler said. Logitech, the world's biggest maker of computer mice, bought LifeSize for $405 million in 2009. Logitech is seeking new sources of revenue as the proliferation of tablet computers, which aren't controlled by mice, are eroding its traditional desktop and notebook business.
Logitech, based in Morges, Switzerland, last week cut full- year forecasts for the third time, citing the weaker euro and declining sales. Revenue at LifeSize climbed 5.8 percent in the last three months of 2011 to $38.2 million, down from 19 percent growth in the previous quarter.
"The LifeSize miss was unexpected," John F. Bright, an analyst at Avondale Partners LLC, wrote in a note.
Add New Comment
Telepresence Options welcomes your comments! You may comment using your name and email (which will not be displayed), or you may connect with your Twitter, Facebook, Google+, or DISQUS account.
20 March 2017 20 March 2017 17 March 2017
22 February 2017 2 February 2017 17 January 2017
See what happens when YouTube and TPO come together at the Telepresence Options YouTube Channel.