Logitech (NASDAQ:LOGI) announces that it’s laying off 450 employees, which comprises 13 percent of its “non-direct-labor workforce”. The move comes as a part of its restructuring program that was announced earlier, and which is expected to save the firm 80 million yearly in operating costs.
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Apple (NASDAQ:AAPL) and Motorola Mobility’s (NASDAQ:GOOG) patent litigation trial that was scheduled to start on Monday won’t happen, as Federal judge Richard Posner tentatively dismissed the case, saying that neither party was able to “establish a right of relief” for the alleged violations. The judge might yet change his mind when he issues a longer opinion, within a week. In another Apple patent dispute, the firm’s attorney reports that it might seek a legal order as early as Friday, to prevent Samsung (SSNLF.PK) from launching its Galaxy S III smartphone in the United States later in June, says Reuters. For its part, Samsung maintains that the launch and sales of the new device is still on ‘go’.
Shares of Enterprise software developer QAD Inc. (NASDAQ:QADA) cratered and quickly rebounded Friday, following word that it purchased DynaSys S.A. (based in Strasbourg), for approximately $7.5 million. The acquiree is a developer of supply chain planning software solutions.
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