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[Office Equipment]| Monday 10th March 2008 |
Rumours of a potential $8 billion bid have been floating around since January, but Logitech says it sees no reason to sell out.
"It would be an operation without sense," Logitech chairman Guerrino De Luca says in an interview with an Italian newspaper.
"I reiterate,
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Logitech is the market leader in PC mice, while Microsoft is its biggest competitor with "30% of our market", De Luca says.
De Luca also denies Microsoft has previously bought in a stake in the company, saying "it would not be opportune seeing as we are competitors.
"However I am proud of the fact that a small stake was bought by the Melinda and Bill Gates Foundation," he adds, referring to Microsoft chairman Bill Gates' charitable organisation.
De Luca says Logitech is investing $100 million a year in research and development and is "not worried about Asia and other producers" or the increasing sales of laptops.
"Is the mouse dying with the laptop? On the contrary. It remains a third of our turnover," adding that sales in the last quarter rose 25%.
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