Logitech to sell Harmony remote division after 'unacceptable' Q3 results

Logitech has posted its financial results for Q3 of its 2013 fiscal year, and they're not too encouraging: the company made an operating loss of $180 million off sales of $615 million. Retail sales were down 14 percent year on year, and CEO Bracken Darrell has announced plans to take "decisive action" on the "unacceptable" results. And he's not kidding — the company has "initiated the process" to divest itself of its Harmony remote control division, along with its security video camera business. By the end of this year, Logitech also plans to have discontinued "non-strategic products" including video game console peripherals and speaker docks. Darrell says the strategy is for the company to focus on PC-related products and maximize profitability. The news isn't entirely bad, though, with Darrell buoyed by "continued strong demand" for the Ultrathin Keyboard Cover for iPad.  

Christie Offers Educational Vis University Program for Oil and Gas Industry

Christie Helps Raise Knowledge and Awareness Of The Benefits Of State-Of-The-Art Visualization Display Systems Technology

Pro Control's ProPanel App Now Available for ProLink.r Processor

ProPanel Enables Complete Control Over Systems Via iPad(R), iPhone(R), and iPod Touch(R)

CEDIA RELEASES FULL MARKET RESEARCH REPORT SURVEYING THE UK RESIDENTIAL CI INDUSTRY

Approximately a quarter of the industry took part in the survey.

UltraLink/XLO Introduces MicroFlat HDMI and Caliber Series Cables at CES And the Diminutive 5-Inch Square USub for UCubes and Other A/V Systems

MicroFlat delivers amazing flexibility creating cleaner, less obtrusive, easier to complete installations

UltraLink Products Introduces XLO UltraPLUS Cables at CES 2013

The Latest Most Advanced Versions of the Popular Ultra™ Series

DSE 2013 Special Interest Seminar Program to Focus on Retail, Corporate Communications & Automotive Manufacturing

Geared specifically to end-users in Retail, Automated Retail, Automotive Retail, and Corporate Communications categories.

KiAN's Meyer Sound LEO System Debuts at Vancouver's Biggest Dance Music Concert

The event also marked the introduction of KiAN Concert Sound Services' new LEOT large-scale sound reinforcement system from Meyer Sound.

ArcLight La Jolla Installs Meyer Sound in New Wide Screen Auditorium

The La Jolla opening marks the fifth location for ArcLight Cinemas

Intelligent Signal-Sensing™ from Genelec developed to meet ErP Directive

This new technology will be applied to the entire catalogue of Genelec loudspeakers to minimise energy waste and significantly reduce power consumption when items are left in standby mode.

Flypaper Studio Releases Flypaper Version 3.8 Featuring New and Enhanced Features

New Exciting Features Added to Flypaper Software to Enhance User Experience

Yamaha CD-N500 Network CD Player Provides Seamless Access to MP3s, Internet Radio and Streamed Content

-Music mavens can keep their valued CD collections in the flow of their digital lifestyles; Controller app turns handheld devices into remote controls-

Linear Broadens Technology Offerings with Z-Wave

Leveraging the innovation of the wireless RF mesh technology, Linear's portfolio now adds versatile Z-Wave products for dealers and OEM partners seeking intelligent wireless control solutions for commercial and residential environments.

New Solutions at ISE

New system integration hardware and innovative 3GSDI solutions for professional and broadcast applications

Extron Introduces Industry's First Secure iPad Enclosure

First iPad enclosure designed specifically for the professional AV market that combines security, aesthetics, and a wide variety of mounting options.

Records 8536 to 8550 of 28766

First | Previous | Next | Last

Automation & Control - Featured Product

Advanced UPB Lighting Packages from Simply Automated

Advanced UPB Lighting Packages from Simply Automated

Custom scenes (connecting up to 250 switches) in your living, family or great room, kitchen, study, master bedroom/bathroom, and office. Turn off all lights in your home at the touch of a button. Automatically (Timer Scheduler) turn on/off outdoor security lights, heating and AC, or provide night light convenience anywhere in your home. From creating a virtual 3 way switch anywhere in your home, to turning a group of lights when your garage door is opened, door bell or phone rings.