Switzerland-based set-top provider Logitech, an early supporter of the Google TV platform, has issued a profit warning.
Logitech said that “ as a result of a detailed business assessment conducted over the last several weeks” it now expected to deliver revenue of approximately US$2.4 billion (€1.8 billion) and operating income of approximately US$90 million for the year ending March 2012.
“Over the past several weeks after I resumed my CEO position, we conducted an in-depth assessment of the state of our business for fiscal year 2012 and beyond,” said Guerrino De Luca, Logitech chairman of the board and acting president and CEO. “I am disappointed that our revised fiscal 2012 outlook is not higher, but we now have a thorough understanding of what needs to be fixed. Our strategy remains unchanged. I expect the initiatives we have put in place to result in reinvigorated product offerings and improved execution in our sales and marketing organisation as we progress through fiscal 2012 and into fiscal 2013.”
#YouTube removed more than eight million #videos from YouTube in the fourth quarte... https://t.co/GDSB1kAAyS
26 April 2018 @ 10:23:31 UTC
#Comcast has made a firm cash offer for #Sky that values the pay TV operator at ... hhttps://t.co/aZaBRx7gf1
26 April 2018 @ 10:21:36 UTC
PROMOTION: Live Webinar: The Secrets to Delivering Low-Latency #Live #Video, Globally - @llnw TOMORROW at 4pm GMT - hhttps://t.co/cBAVZIWQgi
23 April 2018 @ 09:22:00 UTC
#MostRead this week: #F1 unveiled its own plans for an #OTTTV service, to be launched in May in time for the hhttps://t.co/76qx8Jqkk3
22 April 2018 @ 09:05:00 UTC
DTVE: #TheWeekinView - @netflix: another stellar quarter in an evolving competitive landscape #SVOD #Disney #Sky hhttps://t.co/grljz7fDaH
21 April 2018 @ 16:04:00 UTC
