Zagg shares rise; good reviews for iPad 2 keyboard case (Reuters)
BANGALORE (Reuters) – Shares of Zagg Inc (ZAGG.O) rose 9 proportionality to an 8-week broad on Monday, with the ambulatory figure clothing maker success approbatory reviews from profession blogs for its recently launched keyboard housing for Apple Inc's (AAPL.O) iPad 2.
Zagg, which makes protective covers for ambulatory devices, early this month subscribed an exclusive licensing and distribution deal with Logitech International (LOGI.O) for its tablet computer accessory, the ZAGGmate housing with keyboard.
The product, designed to protect the iPad if dropped, has an embedded wireless Bluetooth fleshly keyboard to earmark users to type on the iPad using a keyboard. It was launched early this month.
"We think the ZAGGmate will hit such meliorate danger and sell-through with Logitech's distribution," said Craig-Hallum Capital analyst Mike Malouf.
The iPad's popularity has spawned a number of accessories, including protective covers and wall-mounting gear, as companies contend to get in on the strong demand for the gadgets.
The newborn co-branded product, priced at $99, has won approbatory reviews, with blogs lightness its easy set-up and compact keyboard.
Shares of Salt Lake City, Utah-based Zagg last traded up 6.5 proportionality at $8.83 on weekday on Nasdaq.
(Reporting by Saqib Iqbal Ahmed in Bangalore; Editing by Ian Geoghegan)
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