AllThingsD » Gerald Quindlen http://allthingsd.com Sat, 11 Feb 2012 20:29:40 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 http://allthingsd.com/theme/images/logo-rss.jpg All Things Digital http://allthingsd.com/ 144 22 QOTD: Google TV Sales Worse Than Nonexistent http://allthingsd.com/20110728/qotd-google-tv-sales-worse-than-non-existent/ http://allthingsd.com/20110728/qotd-google-tv-sales-worse-than-non-existent/#comments Thu, 28 Jul 2011 21:34:03 +0000 Peter Kafka http://allthingsd.com/?p=103975

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.

]]> http://allthingsd.com/20110728/qotd-google-tv-sales-worse-than-non-existent/feed/ 0 Logitech Withdraws Guidance; Sets 15 Percent Workforce Cut http://allthingsd.com/20090106/logitech-withdraws-guidance-sets-15-percent-workforce-cut/ http://allthingsd.com/20090106/logitech-withdraws-guidance-sets-15-percent-workforce-cut/#comments Tue, 06 Jan 2009 12:21:07 +0000 Eric Savitz http://voices.allthingsd.com/?p=7364 Logitech (LOGI) late Monday 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. The cuts will result in an unspecified charge to earnings in the fiscal fourth quarter ending in March.

In a statement, CEO Gerald Quindlen said that in December, “the retail environment deteriorated significantly.” He said customers reduced inventory levels in the face of weaker consumer demand. Quindlen added that he expects the economic environment to worsen in the coming months.

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