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Microsoft to takeover Logitech ?
Posted: Sat Jan 12, 2008 9:06 pm
by Sava700
Well there goes Logitech down the drain...
Yesterday a rumor surfaced up on the web, and it slowly seems to gain coherence. There's speculation that Microsoft will takeover Logitech. Now honestly I hope that will not happen. The hardware industry is getting less and less interesting as companies are consistently buying each other out eliminating competition.
Less competition equals less innovative product. Less competition also equals higher sales prices. Now in the mouse & keyboard market there pretty much are two big players ... Microsoft and Logitech. Microsoft itself may prefer Logitech as stock traders speculated that the software giant would launch a takeover bid for the Swiss-based company. Shares of Logitech surged up to 12 percent based on the trader talk, despite comments from Logitech’s Daniel Borel expressing no desire to sell his stake in the company.
"I am a co-founder of Logitech. Would you be willing to sell your child?" Borel told Reuters in an interview. "I have no reason to sell. But I will not be the one to decide. I own only some 6 percent so I will neither enable nor prevent a sale of Logitech."
Buzz circulated in the market that Microsoft prepared a takeover bid of 48 francs per share for Logitech. "Rumours are rumours. I can't make any specific comment on them," Borel added.
Not everyone believes that the Logitech shares jump is a result of an impending takeover. "Today's share price rise is probably more related to a rebound in the market than any rumours," said an analyst at bank Vontobel.
I do hope that the EU commision will forbid a pending takeover as quite honestly, this would not be good for you as a consumer at all.
Source
Posted: Sat Jan 12, 2008 11:03 pm
by YARDofSTUF
Logitech makes some of the best mice, controllers, PC sound systems. I would be very pissed if MS took them over and morphed them into the MS style.
Posted: Sun Jan 13, 2008 10:13 am
by CableDude
frontpage.
Posted: Sun Jan 13, 2008 10:32 am
by Izzo
YARDofSTUF wrote:Logitech makes some of the best mice, controllers, PC sound systems. I would be very pissed if MS took them over and morphed them into the MS style.
Ditto that ...MX518 fo life
Posted: Sun Jan 13, 2008 10:57 am
by Brent
MX700 combo for lifers
Posted: Sun Jan 13, 2008 11:16 am
by Izzo
the 518 is the finest mouse ever made. :P
Posted: Sun Jan 13, 2008 11:18 am
by MetalHead324
well.... i have a dell mouse and keyboard, but the extreme 3d pro is the best joystick ever made
oh yeah, and i have logitech speakers, not sure what set but theres like 6 speakers and sub woofer
Posted: Sun Jan 13, 2008 11:33 am
by YeOldeStonecat
Would be interesting....as Microsoft, much as people love to bash them, made some good PC peripherals. Their keyboards are great IMO, as is their mice, and actually their Sidewinder series of joysticks were quite beloved, durable, one of the better joysticks I've had. They stopped making the joysticks, as they did with their routers.
Curious if they're just picking up Logitech as a resource to rebuild and continue their PC peripheral line of hardware.
Granted I love their joysticks (also a longtime Extreme 3D Pro user)...and their line of mice (the MX series) which are great for people with big paws like me.
Could be a good thing..depending on what they intend to do with the Logitech name and product line.
Posted: Sun Jan 13, 2008 11:58 am
by Brent
Saitek joysticks ftw
Posted: Sun Jan 13, 2008 4:13 pm
by Sava700
Brent wrote:Saitek joysticks ftw
I use their keyboards now..nothing but Saitek for me on those. As for Mice, I love Logitechs mice.. Could be a PCPower and cooling style purchase as in reep the profits yet keep selling the name.
Who knows..
As for Front page...well yeah when it happens I'm sure I'll put it on the front page.
Posted: Sun Jan 13, 2008 4:48 pm
by Kip Patterson
It will be interesting to see how that sets with the FTC. If we had a real government it would be dinged immediately.
Posted: Sun Jan 13, 2008 5:56 pm
by CableDude
Sava700 wrote:
As for Front page...well yeah when it happens I'm sure I'll put it on the front page.
