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09.04.2014 - Logitech to Restate Prior Financial Statements



View Logitech-Press related news. Dateline City: NEWARK, Calif. & LAUSANNE, Switzerland No Material Impact on Fiscal Year 2013 or 2014 Results, No Change to Cash Balance NEWARK, Calif. & LAUSANNE, Switzerland--(BUSINESS WIRE)--Logitech International (SIX:LOGN) (Nasdaq:LOGI) today announced that based on findings of the previously disclosed investigation and related work, the Audit Committee of its Board of Directors has determined that Logitech previously issued financial statements for Fiscal Years 2011 and 2012 and the first quarter of Fiscal Year 2012 can no longer be relied on. This is due to an accounting misstatement for inventory valuation reserves for Logitech’s discontinued Revue product. Language: English Contact: Logitech InternationalJoe GreenhalghInvestor Relations – USA510-713-4430orNancy MorrisonCorporate Communications – USA510-713-4948orBen StarkiePublic Relations – Europe+41-(0) 79-292-3499 Ticker Slug: Ticker: LOGN Exchange: SWX Ticker: LOGI Exchange: NASDAQ read more

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NID: 51083 / Submitted by: The Zilla of Zuron
Categories: Press Release
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