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Logitech-Press related Technical Updates [Page: 40 of 49] @ TACKtech Corp. |
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LAUSANNE, Switzerland, Sept. 7, 2011 — Logitech International (SIX: LOGN) (Nasdaq: LOGI) announced that at its annual general meeting held here today, the Company’s shareholders re-elected to Logitech’s board of directors Matthew Bousquette, chairman of the board of EGI Holdings LLC and Richard Laube, chief executive officer of Nobel Biocare Holding A.G. The shareholders also approved all other resolutions put before them.
About Logitech
Logitech is a world leader in products that connect people to the digital experiences they care about. Spanning multiple computing, communication and entertainment platforms, Logitech’s combined hardware and software enable or enhance digital navigation, music and video entertainment, gaming, social networking, audio and video communication over the Internet, video security and home-entertainment control. Founded in 1981, Logitech International is a Swiss public company listed on the SIX Swiss Exchange (LOGN) and on the Nasdaq Global Select Market (LOGI).
# # #
Logitech, the Logitech logo, and other Logitech marks are registered in Switzerland and other countries. All other trademarks are the property of their respective owners. For more information about Logitech and its products, visit the company’s Web site at www.logitech.com.
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Full View / NID: 39300 / Submitted by: The Zilla of Zuron
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Logitech — Aug. 24, 2011 — Today Logitech (SIX: LOGN) (NASDAQ: LOGI) unveiled two new accessories that help you make the most of your tablet. The Logitech® Fold-Up Keyboard for iPad® 2 is the ideal tool for comfy, on-the-go typing, and the Logitech® Joystick for iPad offers more accurate, immersive game play. The Logitech Fold-Up Keyboard is expected to be available in the U.S. and Europe beginning in September, for a suggested retail price of $129.99 (U.S.). The Logitech Joystick is expected to be available in the U.S. and Europe beginning in September, for a suggested retail price of $19.99 (U.S.).
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Full View / NID: 39187 / Submitted by: The Zilla of Zuron
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Logitech — August 18, 2011 — Today Logitech (SIX: LOGN) (NASDAQ: LOGI) unveiled the latest addition to its acclaimed G-Series gaming products, the Logitech® Gaming Mouse G300. Designed to give PC gamers an advantage over the competition, the mouse features nine programmable controls, letting you move keyboard commands to buttons that are in easy reach. The Logitech Gaming Mouse G300 is expected to be available in the U.S. and Europe in September, for a suggested retail price of $39.99.
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Full View / NID: 39130 / Submitted by: The Zilla of Zuron
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FREMONT, Calif. — Aug. 17, 2011 — Today, Logitech (SIX: LOGN) (NASDAQ: LOGI) brings the power of light to Mac users with the Logitech® Wireless Solar Keyboard K750 for Mac®. With the same award-winning design and feature set as the Logitech Wireless Solar Keyboard K750, this newest version – available in multiple colors – makes battery hassles a thing of the past thanks to its onboard solar cells that power the keyboard using ambient light. The Logitech Wireless Solar Keyboard K750 for Mac is expected to be available in the U.S. and Europe beginning in August, for a suggested retail price of $59.99 (U.S.). To see available colors in your area or to order yours today please visit www.logitech.com or our blog.
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Full View / NID: 39116 / Submitted by: The Zilla of Zuron
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FREMONT, Calif., Aug. 2, 2011 and MORGES, Switzerland, Aug. 3, 2011 — Logitech International (SIX: LOGN) (NASDAQ: LOGI) today announced that Erik K. Bardman, Logitech senior vice president, finance and chief financial officer, will present at the Morgan Keegan Technology Conference 2011 in New York on Aug. 9, 2011 at 11:10 a.m. Eastern Daylight Time/8:10 a.m. Pacific Daylight Time. A live webcast and replay will be available on the Logitech corporate Web site at http://ir.logitech.com.
About Logitech
Logitech is a world leader in products that connect people to the digital experiences they care about. Spanning multiple computing, communication and entertainment platforms, Logitech’s combined hardware and software enable or enhance digital navigation, music and video entertainment, gaming, social networking, audio and video communication over the Internet, video security and home-entertainment control. Founded in 1981, Logitech International is a Swiss public company listed on the SIX Swiss Exchange (LOGN) and on the Nasdaq Global Select Market (LOGI).
# # #
Logitech, the Logitech logo, and other Logitech marks are registered in Switzerland and other countries. All other trademarks are the property of their respective owners. For more information about Logitech and its products, visit the company’s website at www.logitech.com.
(LOGI - IR)
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Full View / NID: 38975 / Submitted by: The Zilla of Zuron
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FREMONT, Calif. and MORGES, Switzerland, July 28, 2011 — Logitech International (SIX: LOGN) (Nasdaq: LOGI) today announced that its board of directors will ask shareholders to approve the re-election to the board of directors of Matthew Bousquette, chairman, EGI Holdings LLC, and Richard Laube, chief executive officer of Nobel Biocare Holding A.G., at the company's annual general meeting in Lausanne, Switzerland on Sept. 7, 2011.
Logitech’s annual report, invitation and proxy statement for the annual general meeting is available on Logitech’s website at http://ir.logitech.com. The materials for the meeting will be mailed to Logitech registered shareholders in early August.
About Logitech
Logitech is a world leader in products that connect people to the digital experiences they care about. Spanning multiple computing, communication and entertainment platforms, Logitech’s combined hardware and software enable or enhance digital navigation, music and video entertainment, gaming, social networking, audio and video communication over the Internet, video security and home-entertainment control. Founded in 1981, Logitech International is a Swiss public company listed on the SIX Swiss Exchange (LOGN) and on the Nasdaq Global Select Market (LOGI).
# # #
Logitech, the Logitech logo, and other Logitech marks are registered in Switzerland and other countries. All other trademarks are the property of their respective owners. For more information about Logitech and its products, visit the company’s website at www.logitech.com.
(LOGI - IR)
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Full View / NID: 38921 / Submitted by: The Zilla of Zuron
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FREMONT, Calif., July 27, 2011 and MORGES, Switzerland, July 28, 2011 — Logitech International (SIX: LOGN) (Nasdaq: LOGI) today announced that Gerald P. Quindlen has stepped down as the company’s president and chief executive officer and resigned from the Board of Directors. Company Chairman Guerrino De Luca has taken on the additional role of acting president and chief executive officer, a role that Mr. De Luca held with the company from 1998 to 2008, prior to becoming chairman of the board. Logitech has initiated a search for a long-term president and chief executive officer.
“On behalf of the entire board of directors and employees, I wish to thank Jerry for his service and his many accomplishments during his tenure at Logitech,” said Guerrino De Luca. “I resume my former role as CEO, on an acting basis, with unwavering commitment to Logitech and strong confidence in the company’s future and growth potential.”
Teleconference and Webcast
Guerrino De Luca will participate in Logitech’s quarterly financial results teleconference on Thursday, July 28, 2011 at 8:30 a.m. Eastern Daylight Time and 14:30 Central European Summer Time. A live webcast of the call, along with presentation slides, will be available on the Logitech corporate Web site at http://ir.logitech.com.
About Logitech
Logitech is a world leader in products that connect people to the digital experiences they care about. Spanning multiple computing, communication and entertainment platforms, Logitech’s combined hardware and software enable or enhance digital navigation, music and video entertainment, gaming, social networking, audio and video communication over the Internet, video security and home-entertainment control. Founded in 1981, Logitech International is a Swiss public company listed on the SIX Swiss Exchange (LOGN) and on the Nasdaq Global Select Market (LOGI).
# # #
Logitech, the Logitech logo, and other Logitech marks are registered in Switzerland and other countries. All other trademarks are the property of their respective owners. For more information about Logitech and its products, visit the company’s website at www.logitech.com.
(LOGI - IR)
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Full View / NID: 38905 / Submitted by: The Zilla of Zuron
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FREMONT, Calif., July 27, 2011 and MORGES, Switzerland, July 28, 2011 — Logitech International (SIX: LOGN) (Nasdaq: LOGI) today announced financial results for the first quarter of Fiscal Year 2012.
Sales for Q1 FY 2012 were $480 million compared to $479 million in Q1 FY 2011. Excluding the favorable impact of exchange rate changes, sales declined by 4 percent year over year. The Company posted an operating loss of $45 million, compared to operating income of $12 million in the same quarter a year ago. Included in Logitech’s Q1 FY 2012 operating loss is a $34 million charge to cost of goods sold due to a planned price reduction on Logitech Revue with Google TV. The net loss for Q1 FY 2012 was $30 million ($0.17 per share) compared to net income of $20 million ($0.11 per share) in Q1 of FY 2011. Gross margin for Q1 FY 2012, reflecting the charge related to repricing of Logitech Revue, was 26.1 percent, down from 35.3 percent one year ago.
Logitech’s retail sales for Q1 FY 2012 were flat year over year, with an increase in Asia of 29 percent, an increase in the Americas of 1 percent, and a decrease in EMEA of 14 percent. OEM sales decreased by 16 percent. Sales for the LifeSize division grew 34 percent.
In Q1, Logitech achieved strong growth in Asia, driven primarily by China. Also notable for the first quarter was continued sales momentum by the LifeSize division and a positive initial reception of the Company’s new tablet accessories.
While Logitech is making progress in improving operations in the Company’s EMEA sales region, the Q1 performance reflects sustained weakness in the region. The Company also experienced minimal sales growth in its Americas region, primarily due to very weak sales in the Digital Home category. Logitech’s loss in Q1 was compounded by the significant impact of the decision to reduce the price of Logitech Revue from $249 to $99 during Q2. The action was taken with the goal of accelerating adoption of the Google TV platform by removing price as a barrier to broad consumer acceptance.
In a separate announcement today, Logitech said that Chairman Guerrino De Luca has assumed the additional role of acting president and chief executive officer, succeeding departing CEO Gerald P. Quindlen.
“I resume my former role as CEO, on an acting basis, with unwavering commitment to Logitech and strong confidence in the Company’s future and growth potential,” said Guerrino De Luca. “My priorities will be to pursue our many opportunities with a strong sense of urgency and to renew the confidence in Logitech among all stakeholders.”
Outlook
For Fiscal Year 2012, ending March 31, 2012, Logitech has lowered its sales outlook from approximately $2.6 billion to approximately $2.5 billion. The Company has lowered its FY 2012 target for operating income from approximately $185 million to equal to or greater than FY 2011 operating income of $143 million.
Prepared Remarks Available Online
Logitech has made its prepared written remarks for the financial results teleconference available online on the Logitech corporate Web site at http://ir.logitech.com. The remarks are posted in the Calendar section on the Investor home page.
Financial Results Teleconference and Webcast
Logitech will hold a financial results teleconference on Thursday, July 28, 2011 at 8:30 a.m. Eastern Daylight Time and 14:30 Central European Summer Time. A live webcast of the call, along with presentation slides, will be available on the Logitech corporate Web site at http://ir.logitech.com.
About Logitech
Logitech is a world leader in products that connect people to the digital experiences they care about. Spanning multiple computing, communication and entertainment platforms, Logitech’s combined hardware and software enable or enhance digital navigation, music and video entertainment, gaming, social networking, audio and video communication over the Internet, video security and home-entertainment control. Founded in 1981, Logitech International is a Swiss public company listed on the SIX Swiss Exchange (LOGN) and on the Nasdaq Global Select Market (LOGI).
# # #
This press release contains forward-looking statements, including the statements regarding anticipated sales and operating income for FY 2012 and the goal of the Logitech Revue price drop. The forward-looking statements in this release involve risks and uncertainties that could cause Logitech’s actual results to differ materially from that anticipated in these forward-looking statements. Factors that could cause actual results to differ materially include: the demand of our customers and our consumers for our products and our ability to accurately forecast it; if our investment prioritization decisions do not result in the sales or profitability growth we expect, or when we expect it; the effect of pricing, product, marketing and other initiatives by our competitors, and our reaction to them, on our sales, gross margins and profitability; the sales mix among our lower- and higher-margin products and our geographic sales mix; if our product introductions and marketing activities do not result in the sales and profitability growth we expect, or when we expect it; if the Logitech Revue price drop does not achieve its intended goal; if we fail to take advantage of trends in the consumer electronics and personal computers industries, including the growth of mobile computing devices such as smartphones and tablets with touch interfaces, or if significant demand for peripherals to use with tablets and other mobile devices with touch interfaces does not develop; if there is a deterioration of business and economic conditions in one or more of our sales regions, or significant fluctuations in currency exchange rates; competition in the video conferencing and communications industry, including from companies with significantly greater resources, sales and marketing organizations, installed base and name recognition; as well as those additional factors set forth in Logitech’s periodic filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the fiscal year ended March 31, 2011 available at www.sec.gov. Logitech does not undertake to update any forward-looking statements, which speak as of their respective dates.
Logitech, the Logitech logo, and other Logitech marks are registered in Switzerland and other countries. All other trademarks are the property of their respective owners. For more information about Logitech and its products, visit the company’s Web site at www.logitech.com.
(LOGI - IR)
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Full View / NID: 38904 / Submitted by: The Zilla of Zuron
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Logitech – July 20, 2011 – Logitech International (SIX: LOGN) (Nasdaq: LOGI) today announced the acquisition of Mirial, a Milan-based leading provider of personal and mobile video conferencing solutions. Mirial will be integrated into Logitech’s LifeSize division. Mirial brings to LifeSize strong leadership in extending open, interoperable video collaboration solutions to anyone, anywhere on nearly any mobile device through Mirial’s standalone video software clients.
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Full View / NID: 38824 / Submitted by: The Zilla of Zuron
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FREMONT, Calif. — July 18, 2011 — Logitech (SWX: LOGN) (NASDAQ: LOGI) today introduced HD video and audio security solutions for small businesses: the Logitech Alert™ B700i PoE Camera and Logitech Alert™ B700e PoE Outdoor Camera. For security system Value-Add Resellers (VAR) looking for a small business security solution that goes beyond the standard Digital Video Recorder (DVR) setup, the Logitech Alert™ system lets business owners monitor their cash register, storage rooms, a warehouse or the front desk anytime, anywhere, inside or outside with crisp HD video and rich audio. The Logitech Alert™ B700i PoE Camera and Logitech Alert™ B700e PoE Outdoor Camera are available in the U.S. for a suggested retail price of U.S. $189.99 and $239.99, respectively.
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Full View / NID: 38802 / Submitted by: The Zilla of Zuron
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FREMONT, Calif., July 17, 2011 — Logitech International (SIX: LOGN) (Nasdaq: LOGI) today disputed the merit of a patent infringement lawsuit filed by Universal Electronics, Inc. (UEI) regarding remote control technology.
UEI filed suit on seventeen patents against Logitech on Friday, July 15, 2011, rather than continuing license renewal negotiations with the company. Logitech originally entered into a license agreement with UEI in 2004 for certain UEI patents, to settle a lawsuit against Logitech Harmony remotes that was filed by UEI after the independent development of the Harmony remote technology. Logitech declined to renew the license on the same terms because the patents originally subject to dispute had either expired or were licensed during the patent application stage and, after the patents were granted, were determined to be inapplicable to Logitech products.
Four of the seventeen patents in the lawsuit were never raised by UEI in the license renewal discussion. Three patents are expired. The remaining ten patents in the lawsuit include some that Logitech has determined to be inapplicable to its products and some that Logitech licensed as patent applications but were determined to be inapplicable once the patents were granted. Prior to receiving the complaint, Logitech had already determined that it did not infringe on any valid claim of ten of the fourteen unexpired patents and quickly reached the same conclusion with respect to the four additional patents.
“Logitech has a strong intellectual property (IP) portfolio for remote-control technology,” said Ashish Arora, Logitech vice president and general manager of the Digital Home business unit. “With the acquisition of our Harmony remote control business in 2004, which has become the leading brand in advanced universal remotes, we obtained patent applications on that technology that have subsequently become issued patents. We have also developed our own new patented technology and acquired additional patents.
“Logitech respects the intellectual property rights of others, and has a history of purchasing or licensing patents when needed. However, we are confident that Logitech does not need a license from UEI. We believe that UEI’s lawsuit is without merit and we are confident that we will prevail in court.”
About Logitech
Logitech is a world leader in products that connect people to the digital experiences they care about. Spanning multiple computing, communication and entertainment platforms, Logitech’s combined hardware and software enable or enhance digital navigation, music and video entertainment, gaming, social networking, audio and video communication over the Internet, video security and home-entertainment control. Founded in 1981, Logitech International is a Swiss public company listed on the SIX Swiss Exchange (LOGN) and on the Nasdaq Global Select Market (LOGI).
# # #
Logitech, the Logitech logo, and other Logitech marks are registered in Switzerland and other countries. All other trademarks are the property of their respective owners. For more information about Logitech and its products, visit the company’s Web site at www.logitech.com.
(LOGI – IR)
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Full View / NID: 38795 / Submitted by: The Zilla of Zuron
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Logitech – July 14, 2011 – With the launch of Spotify, the digital music service, into the United States, Logitech (SIX: LOGN) (NASDAQ: LOGI) is pleased to announce that, from today, the Logitech® Squeezebox™ Touch Wi-Fi music player and Logitech® Squeezebox Radio™ Wi-Fi music player are compatible with the service in the U.S. To enjoy Spotify on your Squeezebox Touch or Squeezebox Radio, all you need is a Spotify Premium subscription, giving you unlimited, ad-free access to Spotify’s entire music library and access to exclusive content, competitions and special offers. Using your existing wireless home network and your Logitech Squeezebox Wi-Fi music players, you can now access Spotify’s comprehensive catalogue of more than thirteen million songs anywhere in your home. For more information, visit www.mysqueezebox.com/spotify.
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Full View / NID: 38775 / Submitted by: The Zilla of Zuron
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FREMONT, Calif. — July 11, 2011 — Logitech International (SIX: LOGN) (Nasdaq: LOGI) today announced that its business-class webcams and headsets are optimized for Microsoft Office 365 with Microsoft Lync Online, the unified communications (UC) platform for Microsoft Corp. The products, which include the Logitech B990 HD Webcam, Logitech B910 HD Webcam, Logitech B905 HD Webcam, Logitech Pro 9000 for Business Webcam, as well as Logitech’s optimized headsets including the Logitech B530 USB Headset, Logitech BSP420 USB Speakerphone and the Logitech BH970 Wireless DECT Headset, are optimized to work with Microsoft Office 365, providing business customers with UC desktop deployment. These products, in addition to others, are currently on display at the 2011 Microsoft Worldwide Partner Conference taking place July 10-14 in Los Angeles.
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Full View / NID: 38723 / Submitted by: The Zilla of Zuron
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FREMONT, Calif., June 28, 2011 and MORGES, Switzerland, June 29, 2011 — Logitech International (SIX: LOGN) (Nasdaq: LOGI) today announced that it will release quarterly financial results on Wednesday, July 27, 2011 at 10 p.m. Eastern Daylight Time and Thursday, July 28, 2011 at 04:00 Central European Summer Time.
There will be a teleconference to discuss these results on Thursday, July 28, 2011 at 8:30 a.m. Eastern Daylight Time and 14:30 Central European Summer Time. A live webcast of the call will be available on the Logitech corporate website at http://ir.logitech.com.
About Logitech
Logitech is a world leader in products that connect people to the digital experiences they care about. Spanning multiple computing, communication and entertainment platforms, Logitech's combined hardware and software enable or enhance digital navigation, music and video entertainment, gaming, social networking, audio and video communication over the Internet, video security and home-entertainment control. Founded in 1981, Logitech International is a Swiss public company listed on the SIX Swiss Exchange (LOGN) and on the Nasdaq Global Select Market (LOGI).
# # #
Logitech, the Logitech logo, and other Logitech marks are registered in Switzerland and other countries. All other trademarks are the property of their respective owners. For more information about Logitech and its products, visit the company’s website at www.logitech.com.
(LOGI - IR)
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Full View / NID: 38547 / Submitted by: The Zilla of Zuron
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Logitech – June 20, 2011 – Today Logitech (SIX: LOGN) (NASDAQ: LOGI) announced that it is teaming up with GN Netcom to fuel the Unified Communications (UC) market. As a first step in their collaboration, the two companies have entered into a distribution agreement under which Logitech will offer select products from the award-winning line of Jabra headsets and speakerphones through distribution channel partners in North America. The two companies also plan to roll out the offering globally as well as collaborate on the development of future audio peripherals for UC.
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Full View / NID: 38457 / Submitted by: The Zilla of Zuron
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Logitech – June 14, 2011– Logitech (SIX: LOGN) (NASDAQ: LOGI) today announced the portable Logitech® HD Webcam C615 for easy video calling and HD recording on the go – whether you’re at a birthday party or on a business trip, on a PC or a Mac. The webcam’s fold-and-go design, coupled with autofocus capabilities and a 360-degree swivel rotation, expands the possibilities of what you can capture in full HD video anytime, anywhere. So you can better stay in touch with your friends, family and coworkers, the Logitech HD Webcam C615 lets you make video calls in HD 720p on Skype™, FaceTime® for Mac, Logitech Vid™ HD and Windows Live™ Messenger, as well as video calls on Yahoo!® Messenger, iChat, AOL® Instant Messenger (AIM®) and other popular instant messaging applications. It also includes one-click HD video and photo upload to Facebook™, as well as HD video upload to YouTube™ and Twitter, so you can easily share your video recordings.
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Full View / NID: 38364 / Submitted by: The Zilla of Zuron
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Logitech – June 8, 2011 – So you can browse comfortably – right from your lap – today Logitech (SIX: LOGN) (NASDAQ: LOGI) unveiled the Logitech® Touch Lapdesk N600, featuring a large touchpad that makes it easier than ever to point, scroll and swipe your way through the Web. The Logitech Touch Lapdesk N600 is expected to be available in the U.S. and Europe beginning in June, for a suggested retail price of $69.99.
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Full View / NID: 38302 / Submitted by: The Zilla of Zuron
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Logitech – June 1, 2011 – Logitech (SIX: LOGN) (NASDAQ: LOGI) today unveiled its latest selection of coordinated, must-have computer accessories, the Logitech Color Collection. A fresh update to one of the company’s most popular lines, this new collection features bright, juicy colors and layered designs that make it easy for you to infuse your digital life with a touch of personality. The Logitech Color Collection offers a reflection of your personal style at an affordable price, ranging from $19.99 - $59.99, depending on the product. The new designs are expected to be available in the U.S. and Europe beginning in June.
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Full View / NID: 38209 / Submitted by: The Zilla of Zuron
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FREMONT, Calif. — May 19, 2011 —Today Logitech (SIX: LOGN) (NASDAQ: LOGI) unveiled a line of iPad and Android-based tablet accessories including the new Logitech Keyboard Case, Logitech Wireless Speaker, Logitech Tablet Keyboard, and Logitech Tablet Mouse. The products are designed to help you make the most of your tablet, no matter how or where you use it. Ranging in price from $49.99 to $99.99, the products are expected to be available in May and can be found at www.logitech.com.
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Full View / NID: 38071 / Submitted by: The Zilla of Zuron
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Logitech – May 3, 2011–Taking another step toward making a video call from the comfort of your couch, Logitech (SIX: LOGN) (NASDAQ: LOGI) today announced the Logitech® TV Cam for Skype®, a plug-and-play TV camera that lets you make and receive high-definition video calls directly from 2011 Panasonic VIERA Connect™-enabled VIERA® HDTVs which feature Skype. The Logitech TV Cam for Skype will be available for a suggested retail price of $149.99 (U.S.).
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Full View / NID: 37886 / Submitted by: The Zilla of Zuron
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