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01.05.2009 - Logitech Withdraws Fiscal Year 2009 Targets, Plans Restructuring



View Logitech-Press related news. FREMONT, Calif., Jan. 5, 2009 and ROMANEL-SUR-MORGES, Switzerland, Jan. 6, 2009 — Logitech International (SIX: LOGN) (Nasdaq: LOGI) today announced that it has withdrawn its Fiscal Year 2009 growth targets for sales and operating income due to the deepening global recession. The Company did not provide revised targets and plans to update investors on business conditions and performance during its briefing on third-quarter results on Jan. 20, 2009.

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NID: 26259 / Submitted by: The Zilla of Zuron
Categories: Press Release
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