Daniel Borel, Logitech, at the groundbreaking for EPFL's Innovation House (image: ©Herzog, 2009)
innovation houseLausanne, Switzerland (GenevaLunch) - The groundbreaking ceremony was held Thursday 25 June for Innovation House, a group of five new buildings at EPFL, the Lausanne federal polytechnic institute. It is the latest in a series of major building projects at EPFL designed to turn the school into a full university campus, joining the Rolex Learning Center and student and guest housing, buildings now under construction.
Romanel-sur-Morges, Switzerland (TSR, Fre) – Computer peripherals manufacturer Logitech, long proud of double-digit quarterly increases in profits, posted one of its worst results in years Thursday 23 April, showing a fourth quarter fiscal year 2009 loss of $35 million. A year earlier the company’s net income was $60.3. The company’s fiscal year ends 31 March. Poor sales, down 32 percent for the year, were blamed.
Romanel-sur-Morges, Vaud, Switzerland (GenevaLunch) – Logitech shares fell 10% Tuesday morning after announcing a nearly 70% slide in profits. Net income is listed as $40.5 million. The 27-year-old Swiss and US company has long been one of the most resilient around, with double-digit increases in profits every quarter for several years.
Our slowdown news week at GL means you get a little list of short-short news items with sources today:
- Logitech, based in California and Romanel-sur-Morges, Vaud, announced Tuesday that it will be cutting its workforce by 1,500 and it is revising its 2009 projections in the face of a sharp downturn in the retail market: details will be announced January 20. GenevaLunch
- The number of companies created in Switzerland rose in 2008 by 1.3%, a total of 37,000 new registrations, while the number of companies going out of business fell by 6.1%, but if December is any indication, with a sharp rise in the number of companies closing down, 2008 could prove to be the boom before the crash. (RSR, Fre)
- Read more…
Billie, Logitech's billionth mouse, visits his design team in California. Photo, 2008, Logitech.
Menlo Park, California, USA (GenevaLunch) – Forty years ago today the first computer mouse made its appearance, a little brown box with a red eye at the front and a gray cord at the back, that someone – no one now remembers who – said looked like a mouse. The name stuck.
Swiss flag mousepad, Swiss creation: Logitech's mouse, circa 2008
Romanel-sur-Morges, Switzerland (GenevaLunch) – A billion computer users today, another billion by 2014 and Logitech ships its billionth mouse. The mouse is the offspring of the first mice, which were created in the 1980s by the company that had its start near Lausanne, Switzerland.
Romanel-sur-Morges, Switzerland and Fremont, California, US (GenevaLunch) - Logitech International SA is announcing below forecast quaterly net profits and slashing its outlook for 2009.
