Logitech Rises on Instant Message Partnership With Yahoo! - TheStreet

Logitech (YHOO) , a maker of computer interface devices, was up 3.4% in preopen Island trading after it announced a partnership with Yahoo! (YHOO) .

Logitech will supply Web cams to support a controlled video feature for Yahoo!'s instant message service, and sales of Logitech Web cams will be packaged with Yahoo!'s software.

Yahoo! hopes the initiative will drive growth in its instant message service, which competes with products offered by

AOL

(AOL)

, and

Microsoft

(MSFT) - Get Report

. Yahoo! was down 3.2%.