from the when-purchase-means-traction dept.
itwbennett writes "According to a report in the Wall Street Journal, returns of the Logitech Revue (Google's set-top box) exceeded sales in the first quarter. Explaining why sales were so poor, Logitech Chairman Guerrino De Luca went way out on a limb, saying: 'There was a significant gap between our price and the value perceived by the consumer.' So significant that 'Logitech must take a $34 million charge in the first quarter, which more than comprises the company's Q1 net loss of $30 million,' writes blogger Chris Nerney. 'In other words, Google TV is pushing Logitech into the red!'"
I am here by the will of the people and I won't leave until I get my raincoat
- a slogan of the anarchists in Richard Kadrey's "Metrophage"