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Struggling Logitech May Unload LifeSize Video Unit
The CEO of troubled peripherals maker Logitech says the company might sell its LifeSize Communications unit as a way to help Logitech turn itself around.
During Logitech's third-quarter earnings call this week, Logitech CEO Bracken Darrell said the company will determine whether to sell LifeSize within the next three months.
"I'm taking a hard look at whether we are the best owners of LifeSize given the evolving dynamics of the videoconferencing space as well as the other challenges we face in improving Logitech's performance," Darrell said during the call. "There are a number of considerations in charting our go-forward strategy with LifeSize. And, I plan to update you on our thinking within the next 90 days."
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