by Eric Savitz, Blogger and Columnist, Barron's, Tech Trader Daily
Late Monday, Logitech said it is withdrawing its sales and operating income growth targets for the March 2009 fiscal year. The maker of computer peripherals and other consumer electronics accessories also said it will reduce its global workforce by about 15 percent. The company has about 9,400 employees, suggesting the loss of about 1,400 jobs.
by Tiernan Ray, Blogger, Barron's, Tech Trader Daily
Despite deep discounts in stores, liquid crystal display inventory still far outweighs demand. Even though there are rumors of the Taiwanese government encouraging mergers between panel makers, reduced capacity for production would be unlikely to result–and the glut will most likely continue.
by Eric Savitz, Blogger and Columnist, Barron's, Tech Trader Daily
Chinese Internet portal Sina could be more exposed to the softening of China’s ad market than others in its league. Far from immune to the far-flung economic slowdown, Chinese business interests have been hit hard–notably the automotive, real estate and financial markets, which are the three biggest advertising categories for the online media company.
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