Logitech backpedals on plan to sell Harmony remotes division
Logitech is hitting the back button on its plans to sell its Harmony remotes division, buoyed by renewed consumer interest in the line of universal remote controls.
In January, the electronics company announced its intention to unload the division, after recording a "disappointing" third quarter for 2012. Logitech said at the time that the product category didn't fit in with the company's new strategic focus on mobile computing, specifically tablets and smartphones.
But the Newark, Calif.-based company announced late Wednesday that it had decided that retaining ownership of the division was in the best interests … Read more