After a horrible Q1 Logitech CEO steps down and revue price dropped to only $99
Logitech 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 net TV box but according to Logitech the 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 most regions and key products like Harmony remotes, Chairman and former CEO Guerrino De Luca will hold the role of acting CEO while a long term replacement is found.
While current users are still waiting for the Google TV Honeycomb update arrives, if it will ever be released, this might bring more focus to Revue and Google TV solutions. Good or bad… you decide.
Be sure to check out amazon for the reduced price when it kicks in.
Logitech Revue Companion Box with Google TV and Keyboard Controller only $99
Quite a good deal at at $99..