Surfing the Internet and I found this interesting article on Bloomberg.
A snippet:
“LifeSize Communications Inc., a unit of computer-mouse maker Logitech International SA (LOGN), expects revenue to jump as it competes with rivals including Cisco Systems Inc. (CSCO) to add clients in the videoconference market, set to more than double in the next five years.
LifeSize’s sales are forecast to rise two to three times faster than the market, which is expected to grow 15 percent this year, Chief Executive Officer Craig Malloy said in a phone interview. Revenue at the Austin, Texas-based company rose 34 percent to $36.5 million in the fiscal first quarter, making LifeSize Logitech’s fastest-growing business.
“We’re seeing very, very rapid growth in videoconferencing,” the CEO said. “We’re going to piggyback on key trends and accelerate our growth.” LifeSize is targeting $1 billion in revenue in coming years, Malloy said, without giving a precise timeframe.”
Now…I was around when the Wainhouse folks predicted multiple times (in the 90’s) that the video conferencing industry was going to be a $1 billion industry, so, truthfully, I do not listen to estimates anymore.
What I look at is what the companies are offering now and what they plan to offer in the future and see if that fits “Mike’s” idea of what I think is good or not. I can be wrong, but, more times than not, I have been right. Still poor…..but right, that has to count for something, somewhere. 🙂
Based on the research I just completed on LifeSize, and the research I am now in the middle of on Cisco (and, sorry, as much as I LOVE Tandberg)….LifeSize is probably gonna kick Cisco’s butt.
One (but not the only) reason why….see the top picture.
More to follow when I post my blog entry on Cisco / Tandberg in a week or so…
Just sayin….
From Bloomberg Article that is the most interesting
“He declined to say whether the company is looking at other acquisition targets and said LifeSize plans product innovations “the likes of which the video-communications industry has never seen.” “
I can’t wait to see something ground breaking. I would hope all the vendors are working on great future stuff…the time is right. Finally.
Check Logitech new acquisition Mirial products drop down menu, it now integrated into Lifesize so we will see more Lifesize advanced offering
http://mirial.com/
Thanks Khaled!