Logitech: Microsoft's Skype purchase will drive industry growth
Here's an interesting take on the Microsoft (NASDAQ:MSFT) $8.5 billion purchase of VoIP provider Skype last month: A senior Logitech exec says he expects to see the video technology business pick up as the deal promotes a surge in the market.
"Microsoft would have not paid $8.5 billion if they did not see a massive new market here," Craig Malloy, co-founder and chief executive of Logitech's LifeSize unit said. "There is an enormous amount of growth left in this industry. There are many, many years of high growth left."
Malloy said he see Skype becoming Microsoft's consumer videoconferencing market play but predicts it and desktop videoconferencing will have little to no impact on dedicated teleconferencing options like its Lifesize unit, which it paid $405 million for in 2009.
"It is a good thing... It has increased awareness and demand for videoconferencing," Malloy told Reuters in an interview.
- see this Reuters article
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