KB1PLB
01-13-2008, 04:48 PM
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.
http://www.guru3d.com/newsitem.php?id=6307
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.
http://www.guru3d.com/newsitem.php?id=6307