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Logitech President Celebrates End-Of-Year Earnings With Management Cull

Discussion in 'Off-Topic Discussion' started by CatfishRivers, Apr 27, 2012.

  1. CatfishRivers

    CatfishRivers Well-Known Member

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    Logitech president celebrates end-of-year earnings with management cull -- Engadget (click for full article)

    "Logitech's Q4 and full-year report makes for uncomfortable reading. Despite profits increasing by a factor of nine in the last quarter of the year, overall annual profit fell 44 percent from $143 million to $71 million. The company has already parachuted in former Whirlpool exec. Bracken P. Darrel to turn things around and recover the losses made when the company went big on Google TV.


    His first action has been to kick-start a restructuring operation that will save $80 million in costs, starting by cutting a whole management layer -- demoting current product VP Junien Labrousse and firing sales VP Werner Heid. Mr. Darrell is now working directly with his team on a new lineup of "stronger" products to be unveiled later this quarter, with an emphasis on Windows 8 peripherals and LifeSize video conferencing gear. "
     
  2. CatfishRivers

    CatfishRivers Well-Known Member

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    Hmm Logitech cutting back on expenses and firing a whole management team - I'd say this does not look good as far as Logitech expending any more resources for future Revue update and support. They have stated that the Revue will get the 3.2 update - but they won't mention a date. They probably have one junior level guy working on it on his lunch break -:(


    I expect they will meet their legal responsibilities by honoring the Revue warranties - but not much after that. I do think there is a slight chance that Google could take over future Revue updates - or "negotiate" a little deal with Logitech for them to continue supporting the Revue. But I'm not holding my breath for it.
     

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