Even after discounting Google TV write down, the margin dropped from 35% to 32%; if google-tv was new sales added; there was no increase in gross rev; hence their normal rev stream (conv comp supply) are decreasing and new rev stream is insignificant with poor margin. How many CEO's will tell u to sell their shares because company sucks. Ofcourse they been selling left and right
logitechs margins are increasing both based on improved europe and the very high margins 50%+ of the growing lifesize part of LOGI. logitech gross margins will settle around 40% in the next quarter or two. many new products also have higher gross margins. our CEO is not selling. we are buying shares back.