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)

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

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