Microsoft (MSFT), Nvidia (NVDA) Drop Out of PC Gaming Alliance

In a major blow to the PC Gaming Alliance, Microsoft (MSFT) and Nvidia (NASDAQ:NVDA) have dropped out of the organization, leaving the major tech companies remaining as Advanced Micro Devices (AMD), Dell (DELL), Intel Corp. (INTC) and Logitech (LOGI).

Microsoft Corp. and Nvidia Corp., two founding members of the PC Gaming Alliance (PCGA), an industrial organization supporting the industry of video games for PCs, have decided to quit the organization. The reasons are not completely clear, but what is clear is that without two powerful members the alliance will lose a lot of its strength.

The web-site of PCGA no longer lists Microsoft and Nvidia either as promoters or as contributors. Matt Ployhar, the recently appointed president of the PC Gaming Alliance, confirmed (to) Big Download web-site the departure of two important members, but expressed (his) opinion that the organization would not be affected seriously and would thus continue to exist.

The head of PCGA also informed that he was moving the alliance away from just being a group that does research and issues reports on the industry to a group that will be more active in trying to assist game developers, publishers and hardware companies make better PC games.





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Logitech (Nasdaq:LOGI) Removed from Goldman's (NYSE:GS) Conviction Sell List

Goldman Sachs (NYSE:GS) has removed Logitech (Nasdaq:LOGI) from their Conviction Buy List, although they maintain their "Sell" rating on them.

Goldman cited as the reason for their actions "a raised valuation multiple to capture expected growth driven by Digital Home and LifeSzie, despite threats to the core PC Peripherals business."

Logitech was added to Goldman's Conviction Buy List on September 15, and since that time has soared close to 30 percent.

Logitech closed Friday at $20.41, dropping $0.14, or 0.68 percent.