Valuations in technology mergers and acquisitions nearly doubled last year and have continued to rise into 2012, even as dealmaking has waned in other areas this year, a study has found.
American Appraisal, a valuation advisory group, said that on average, the multiples of earnings before interest, tax, depreciation and amortisation that technology companies paid for acquisitions in 2011 leapt from 7.7x in 2010 to 14.1x in 2011, a trend it says has continued during 2012.
A year after launching its first tablet, Sony has announced a next-generation version, the Xperia Tablet S.
The new slate is a slimmer version of the original, battery life has been boosted from eight hours to a claimed 10 hours and new accessories have been added. The Tablet S was unveiled at the IFA consumer electronics show in Berlin along with new smartphones, hybrid PCs and an 84in 4K LCD TV.
Logitech, the computer peripherals maker that has seen keyboards and mice sales hit by the advent of the smartphone and tablet, is expanding its premium Ultimate Ears (UE) brand to become a mass-market name for products that meet the musical needs of the Apple-led mobile crowd.
This necessary shift – Logitech admitted last year it had missed opportunities in this newer market – begins with the launch today of Logitech UE headphones, speakers and even an internet radio.