Logitech Dumping GoogleTV – $100 Million Lost?

Most days we get to bring you great news in technology, but some days we just have to share bad news too. Apparently, Logitech is discontinuing their GoogleTV product. Guerrino De Luca, The CEO of the company, didn’t mince words when describing why. He called the 2010 launch of the Revue, “a mistake of implementation of a gigantic nature.” He also indicated that “operational miscues” cost his company $100 Million, and indicated that the failure was due to a “a full scale launch with a beta product.” He further added, “To make the long story short, we thought we had invented [sliced] bread and we just made them. [We made a commitment to] just build a lot because we expected everybody to line up for Christmas and buy these boxes [at] $300 [...] that was a big mistake.” Here’s a quote from the AndroidPolice article with a final summation,

Further, De Luca made it clear that Logitech had “brought closure to the Logitech Revue saga,” and plans to let inventory run out this quarter, with no sequel in the works for the manufacturer’s first Google TV box.

This is certainly horrible news for folks that bought the Logitech products.

For more discussions check our sister site @ Google TV Forum

Source: AndroidPolice

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About the author: Dan Kiehl

Dan Kiehl
 

Android Enthusiast and all around Technology Junkie. I have worked in the computer industry for 12 years as a consultant, network technician and with various web projects. Co-Founder of DroidForums.net, AndroidTablets.net, and the entire Android.net network.

 

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