Logitech: Videoconferencing slowdown weighs on bottom line

01/23/2013 | Reuters

Logitech says it will take a $211 million charge against third-quarter earnings to compensate for stagnation in its videoconferencing unit. "The enterprise video conferencing industry has experienced a slowdown in recent quarters and consequently, through this period, the video conferencing reporting unit has not sustained the growth Logitech originally anticipated," the company said in a statement.

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