Saturday, July 30, 2011

Google TV box flop costs Logitech $34m

Ouch: More Revues returned than sold

Analysis Poor sales of Logitech's Google TV box Revue have hit the company in the wallet. More Revues were returned by dealers than sold, and Logitech is slashing the price from the original $299 to $99 and taking a $34m one-time charge in Q1. Chairman Guerrino De Luca returns as interim CEO, with Gerald Quindlen stepping down.?

Source: http://go.theregister.com/feed/www.theregister.co.uk/2011/07/29/google_tv_flop_logitech_pain/

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