QOTD: Google TV Sales Worse Than Nonexistent

Sales of Logitech Revue were slightly negative during the quarter, as returns of the product were higher than the very modest sales.

— Logitech explaining the nonperformance of its Google TV box during the company’s second quarter (from SplatF via GigaOm). Logitech has now slashed the price on the box from $249 to $99, and Logitech CEO Gerald Quindlen has resigned.

Logitech Withdraws Guidance; Sets 15 Percent Workforce Cut

Late Monday, Logitech said it is withdrawing its sales and operating income growth targets for the March 2009 fiscal year. The maker of computer peripherals and other consumer electronics accessories also said it will reduce its global workforce by about 15 percent. The company has about 9,400 employees, suggesting the loss of about 1,400 jobs.