Logitech International SA's (
third quarter 2013 earnings release commentary, it's newly
appointed CEO Bracken P. Darrell announced plans to focus on
product innovation for the fast-growing markets to improve
profitability. Following this announcement, the company has
already launched a number of new products in line with its
strategic decisions adopted to lay emphasis on priority products
that will improve its profitability, going forward.
In order to sustain its growth in the LifeSize category and
achieve profitability by the end of fiscal year 2014, the company
introduced its new mobile and desktop video conferencing solution
titled LifeSize UVC ClearSea.The product will support
organizations with better connectivity amongst customers,
vendors, partners and stakeholders and will be available on any
PCs, Macs, tablets and smart phones. This product has the unique
feature of unlimited user accounts, which will give it a
competitive advantage over its peers. This solution is globally
available at an MSRP (Manufacturer's Suggested Retail Price) of
Logitech is benefiting immensely from the increasing trend
among businesses and institutions to use video conferencing due
to high travel costs and productivity gain achieved by a
high-quality face-to-face meeting that does not require traveling
away from the office. Despite fierce competition from companies
like Cisco (
) and Hewlett-Packard (
), Logitech will be well-positioned to compete with
differentiated video and audio solutions that will support the
emerging UC (Unified communications) platforms.
Logitech currently has a Zacks Rank #3 (Hold).
Electronics for Imaging, Inc.
), another sector participant,carries a Zacks Rank #1 (Strong
CISCO SYSTEMS (CSCO): Free Stock Analysis
ELECTRN IMAGING (EFII): Free Stock Analysis
HEWLETT PACKARD (HPQ): Free Stock Analysis
LOGITECH INTL (LOGI): Free Stock Analysis
To read this article on Zacks.com click here.