"MILAN (Reuters) - Any takeover bid for peripherals maker Logitech International SA (LOGN.VX: Quote, Profile, Research) by Microsoft Corp (MSFT.O: Quote, Profile, Research) would be "an operation without sense", Logitech's chairman was quoted as saying in an Italian newspaper on Sunday.
Shares in Swiss-based Logitech rose in January based on speculation Microsoft would launch a takeover bid. Analysts dismissed rumors of an $8 billion takeover bid and Logitech board member Daniel Borel, the company's largest shareholder, said he had no reason to sell his stake.
"(Shares) only rose for a day. Anyhow it would be an operation without sense," Logitech Chairman Guerrino De Luca told Corriere della Sera in an interview.
"I reiterate, without competition Logitech would lose the great pressure to innovate. Moreover there would be problems from antitrust authorities seeing as the two companies together would have a virtual global monopoly in mice and keyboards.""
As I stated in class a week or two ago, Microsoft's biggest problem is what Logitech's would be if a Microsoft takeover and De Luca said it best, "...without competition Logitech would lose the great pressure to innovate."
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