Logitech flags $211 million charge in Q3 for video conferencing unit
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)
© Thomson Reuters 2016 All rights reserved.