Thursday, October 19, 2006

Logitech buys Slim Devices in $20m deal

Analyst firm Parks Associates CEO Tricia Parks says: "We forecast music downloads, online radio and music-subscription services at close to $1 billion in 2006 for the US alone. We forecast that amount to increase in the US to over $3 billion annually by 2010. Those figures don't even count the hardware revenues from necessary adaptors and controllers. Clearly, Logitech's timing for the acquisition of Slim Devices is excellent, just as it was for the acquisition of the Harmony remote business."

From the article "Logitech buys Slim Devices in $20m deal," by Jonny Evans.

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