Logitech flags $211 million charge in Q3 for video conferencing unit

Wed Jan 23, 2013 1:04am EST
 

ZURICH (Reuters) - Logitech, the no.1 maker of computer mice, said it will charge $211 million against third-quarter earnings for its video conferencing reporting unit.

"The enterprise video conferencing industry has experienced a slowdown in recent quarters and consequently, through this period, the video conferencing reporting unit has not sustained the growth Logitech originally anticipated," the technology company said in a statement on Wednesday.

(Reporting By Katharina Bart)