Hasta La Gadget!

This is becoming a trend. After a disappointing Q4 saw Logitech reduce the price of its Revue it revealed today that after a net loss of $29.6 million for the first quarter it is cutting the price of the Revue to $99, as well as saying goodbye to CEO Gerald P. Quindlen. Quindlen had been an outspoken supporter of the Google TV box (see the video after the break) but according to Logitech this price cut and corresponding $34 million hit to its finances are necessary to “remove price as a barrier to broad customer acceptance.” In the midst of these results — as well as lowered sales in several regions and key products like Harmony remotes — Chairman and former CEO Guerrino De Luca will assume the role of acting CEO while a long term replacement is sought. Until then, and before the Google TV Honeycomb update arrives, does anyone think the Revue will be more appealing for one Benjamin than it was for two, or three?

Continue reading Logitech CEO steps down after money losing Q1, Revue price slashed to $99

Logitech CEO steps down after money losing Q1, Revue price slashed to $99 originally appeared on Engadget on Thu, 28 Jul 2011 09:28:00 EDT. Please see our terms for use of feeds.

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