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Logitech-Press related Technical Updates [Page: 46 of 49] @ TACKtech Corp. |
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Logitech – May 18, 2009 – For more than a decade, Ultimate Ears custom monitors have changed the way music is performed for the biggest names in the industry. Delivering on the promise of great sound at an affordable price, the newest Ultimate Ears custom in-ear monitors are ideal for emerging artists. Handcrafted for your ears and offering a dual-armature design, UE 4 Pro Custom Monitors are crafted to fit and offer superior audio engineering – at a price you and the band can afford. The UE 4 Pro Custom Monitors will be available to musicians and consumers worldwide beginning this month for a suggested retail price of $399 (U.S.).
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Full View / NID: 28343 / Submitted by: The Zilla of Zuron
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Logitech – May 12, 2009 – Logitech (SIX: LOGN) (NASDAQ: LOGI) today announced the Logitech® Wireless Guitar Controller for PLAYSTATION®3 and PlayStation®2 computer entertainment systems. Featuring authentic materials – including a wood neck and body, a rosewood fingerboard and metal frets – the Logitech Wireless Guitar Controller is for gamers who truly want to play like a rock star. Following the introduction of the Logitech Wireless Guitar Controller, Premiere Edition (previously available only in select markets), the new black guitar controller is expected to be available this month in the U.S. for a retail price of $199.99 (U.S.) and will be available in Europe in June.
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Full View / NID: 28267 / Submitted by: The Zilla of Zuron
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Logitech – May 12, 2009 – Logitech (SIX: LOGN) (NASDAQ: LOGI) today announced availability of the Logitech® Harmony® Adapter for PLAYSTATION®3, giving you the power to control your home entertainment system – including your PLAYSTATION®3 (PS3™) – with your Harmony remote. With support for all 51 PS3 commands, the adapter lets you turn on and off your console, completely control your DVD and Blu-ray Disc™ movies and fully navigate the PS3 XrossMediaBar (XMB). The Logitech Harmony Adapter for PLAYSTATION 3 is now available in the U.S. for a retail price of $59.99 (U.S.) and will be available in Europe in July.
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Full View / NID: 28266 / Submitted by: The Zilla of Zuron
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FREMONT, Calif., May 11, 2009 and ROMANEL-SUR-MORGES, Switzerland, May 12, 2009 — Logitech International (SWX: LOGN) (NASDAQ: LOGI) today announced that Joe Greenhalgh, Logitech vice president of finance and investor relations, will present at the Davenport Institutional Investors Conference in New York on May 14, 2009 at 12:30 p.m. Eastern Daylight Time/18:30 Central European Summer Time. A live webcast and replay of the presentation will be available on the Logitech corporate Web site at http://ir.logitech.com.
About Logitech
Logitech is a world leader in personal peripherals, driving innovation in PC navigation, Internet communications, digital music, home-entertainment control, gaming and wireless devices. 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: 28259 / Submitted by: The Zilla of Zuron
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FREMONT, Calif., April 30, 2009 and ROMANEL-SUR-MORGES, Switzerland, May 1, 2009 — Logitech International (SWX: LOGN) (NASDAQ: LOGI) today announced that Gerald P. Quindlen, Logitech president and chief executive officer, will present at the following financial community conferences:
· Credit Suisse 13th Annual European Technology Conference in London on May 5, 2009 at 15:30 British Summer Time/10:30 a.m. Eastern Daylight Time. Presentation slides will be available on the Logitech corporate Web site at http://ir.logitech.com.
· Deutsche Bank 10th Annual Swiss Equities Conference in Zurich on May 13, 2009 at 12:15 Central European Summer Time/6:15 a.m. Eastern Daylight Time. Presentation slides will be available on the Logitech corporate Web site at http://ir.logitech.com.
· 37th Annual J.P. Morgan Global Technology, Media and Telecom Conference in Boston on May 19, 2009 at 3:00 p.m. Eastern Daylight Time/21:00 Central European Summer Time. A live webcast and replay of the presentation will be available on the Logitech corporate Web site at http://ir.logitech.com.
About Logitech
Logitech is a world leader in personal peripherals, driving innovation in PC navigation, Internet communications, digital music, home-entertainment control, gaming and wireless devices. 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).
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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: 28136 / Submitted by: The Zilla of Zuron
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Logitech – April 15, 2009 – To save businesses money, eliminate installation costs and deliver productivity-enhancing comfort, Logitech for Business today introduced the Logitech® Comfort Wave 450 keyboard. The Comfort Wave 450 keyboard is just one of several Logitech for Business peripherals that help employers empower employees to succeed. The Logitech Comfort Wave 450 keyboard is expected to be available in the U.S. and Europe in April for a suggested resale price of $39.99 (U.S.). For more information about Logitech for Business, go to www.logitech.com/business.
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Full View / NID: 28100 / Submitted by: The Zilla of Zuron
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FREMONT, Calif., April 22, 2009 and ROMANEL-SUR-MORGES, Switzerland, April 23, 2009 — Logitech International (SIX: LOGN) (Nasdaq: LOGI) today announced financial results for the fourth quarter and full year of Fiscal Year 2009.
Sales for Q4 were $408 million, a decrease of 32 percent compared to $601 million in the same quarter last year. The Company posted an operating loss of $43 million, compared to operating income of $66 million in the same quarter a year ago. The net loss for Q4 was $35 million ($0.20 per share) compared to net income of $60.3 million ($0.32 per share) in Q4 FY 2008. During the fourth quarter, Logitech recorded pre-tax restructuring charges of $20.5 million ($15.9 million after tax or $0.09 per diluted share). Gross margin for Q4 was 25.0 percent compared to 35.6 in Q4 FY 2008.
Logitech’s retail sales for Q4 FY 2009 declined by 32 percent year over year, with sales down by 36 percent in EMEA, 33 percent in the Americas, and 14 percent in Asia. OEM sales were down by 33 percent.
“The primary cause of the year-over-year decline in our Q4 sales was the economic downturn,” said Gerald P. Quindlen, Logitech president and chief executive officer. “Our sales were negatively impacted by the combination of weak consumer demand and the accelerating reset by our channel partners of their weeks of supply. A contributing factor to our sales decline was the effect of the stronger U.S. dollar.
“Consumer demand for our products in Q4 was much stronger than our reported sales would suggest. According to data we receive from our channel partners, sell-through of our products in the Americas and EMEA, our two largest regions, was down 14 percent and 7 percent, respectively, in Q4 compared to the prior year. Additionally, our most current data shows that our market share is largely stable – and in some cases growing – across most of our product categories.
“Historically the amount of Logitech product carried by our channel partners has been a function of the high sell-through rate of our products. With the continuing economic downturn, the sudden decline in the sell-through rate of our products resulted in our channel partners significantly lowering their levels of required supply. We are reaching alignment with this new level through promotional activities and reduced shipments. Our actions will accelerate, in Q1, leading to equilibrium in the channel in Q2. In view of these dynamics, we expect Q1 to be the low point of the year for operating results.
“During Q4 we achieved more than a $100 million reduction in our inventory on a sequential basis. I am also very pleased with our cash management during the quarter. We exited Fiscal Year 2009 with approximately a half billion dollars in cash, up sequentially, and virtually unchanged year over year, in spite of the turmoil in the global economy during the period.
“As we successfully achieve realignment with partners’ required supply levels, continue to realize the benefits of our recent restructuring – which, together with our efforts to reduce variable spending, we expect to reduce our cost structure by $100 million annually – and introduce our new lineup of products designed for today’s consumer, I believe we will have the elements in place for a return to earnings growth for the second half of Fiscal 2010.
“Beyond the current fiscal year, there are significant, ongoing trends that will spur our growth as we move past the impact of the current macroeconomic environment. Logitech fulfills the increasing demand for interfaces between people and the expanding digital world across multiple platforms and user environments. This presents an opportunity for us as we introduce products that enhance the usability and experiences of these new platforms. Our advantages of scale, strong distribution, brand leadership and an unparalleled innovation engine continue to position us for long-term growth.”
Full-Year Financial Results
For the full fiscal year, sales were $2.2 billion, down from $2.4 billion in FY 2008. Operating income was $110 million, down from $287 million a year ago. Net income was $107 million ($0.59 per share) compared to net income of $231 million ($1.23 per share) in the prior year. Excluding restructuring charges and an impairment loss on short-term investments, net income was $126 million ($0.69 per share). Gross margin for FY 2009 was 31.3 percent compared to 35.8 percent in FY 2008.
Outlook
Because of the continued impact of the global economic environment on Logitech’s business visibility, the Company will provide a one-quarter outlook in each quarter throughout Fiscal Year 2010. For the first quarter of FY 2010, which is historically the smallest quarter for both sales and operating leverage, Logitech expects sales within the range of $300 million to $320 million, gross margin within the range of 24 percent to 26 percent, and an operating loss between $40 million and $50 million. The Company expects Q1 to be the low point of the year for operating results.
Earnings Teleconference and Webcast
Logitech will hold an earnings teleconference on Thursday, April 23, 2009 at 8:30 a.m. Eastern Standard 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 personal peripherals, driving innovation in PC navigation, Internet communications, digital music, home-entertainment control, gaming and wireless devices. 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).
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This press release contains forward-looking statements, including the statements regarding the size and timing of expected savings from the restructuring and efforts to lower variable expenses, an expected return to earnings growth in the second half of FY 2010, the impact of ongoing trends on future growth, being positioned for long-term growth, anticipated sales, operating income and gross margin for Q1 FY 2010, and the expectation that Q1 FY 2010 will be the low point for operating results. 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: our inability to predict the depth and length of the deterioration of general economic conditions and its impact on our business, operating results and financial condition; the demand of our customers and our consumers for our products and our ability to accurately forecast it; Logitech’s ability to achieve expected cost reductions within expected time frames; the effect of pricing, product, marketing and other initiatives by our competitors, and our reaction to them, on our sales, gross margins and profitability; if we fail to take advantage of long-term trends in the consumer electronics and personal computers industries; if we fail to successfully innovate in our current and emerging product categories and identify new feature or product opportunities; the sales mix among our lower- and higher-margin products and our geographic sales mix; as well as those additional factors set forth in our periodic filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the fiscal year ended March 31, 2008 and our Quarterly Reports on Form 10-Q, available at www.sec.gov. Logitech does not undertake to update any forward-looking statements.
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: 28023 / Submitted by: The Zilla of Zuron
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Logitech – April 14, 2009 – There’s something indescribably beautiful about great music as it’s meant to be heard – and experienced. That’s what Ultimate Ears by Logitech® has introduced today with the new Ultimate Ears 700 noise-isolating earphones. The earphones deliver the kind of audio quality used by 75 percent of the world’s touring professional artists all in a comfortable, compact design. Any way you get your music – from your iPod, other MP3 players, or your computer – the Ultimate Ears 700 noise-isolating earphones offer superior sound without cramping your style – and each earphone is smaller than a dime. The Ultimate Ears 700 noise-isolating earphones are expected to be available in the U.S. and Europe beginning in April for a suggested retail price of $229.99 (U.S.).
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Full View / NID: 27883 / Submitted by: The Zilla of Zuron
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FREMONT, Calif., April 1, 2009 and ROMANEL-SUR-MORGES, Switzerland, April 2, 2009 — Logitech International (SIX: LOGN) (Nasdaq: LOGI) today announced the resignation of Mark J. Hawkins, senior vice president of finance and information technology, and chief financial officer, effective April 24, 2009. Mr. Hawkins will join Autodesk, Inc. as executive vice president and chief financial officer. Logitech is conducting a search for Mr. Hawkins’ replacement.“Mark has made a valuable contribution to Logitech during his three years with our company, bringing a range of industry best-practices to our financial and IT operations,” said Gerald P. Quindlen, Logitech president and chief executive officer. “We wish him the very best in his new opportunity.” About LogitechLogitech is a world leader in personal peripherals, driving innovation in PC navigation, Internet communications, digital music, home-entertainment control, gaming and wireless devices. 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).
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Full View / NID: 27723 / Submitted by: The Zilla of Zuron
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FREMONT, Calif., March 24, 2009 and ROMANEL-SUR-MORGES, Switzerland, March 25, 2009 — Logitech International (SIX: LOGN) (Nasdaq: LOGI) today announced that it will release quarterly financial results on Wednesday, April 22, 2009 at 10 p.m. Eastern Daylight Time and Thursday, April 23, 2009 at 04:00 Central European Summer Time.
There will be a teleconference to discuss these results on Thursday, April 23, 2009 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 personal peripherals, driving innovation in PC navigation, Internet communications, digital music, home-entertainment control, gaming and wireless devices. 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: 27588 / Submitted by: The Zilla of Zuron
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Logitech – Mar. 18, 2009 – You love your laptop. But you’re worried about how hot it gets. And you don’t like hunching over to use it. Logitech (SIX: LOGN) (NASDAQ: LOGI) today introduced the Logitech® Cooling Pad N100 and the Logitech® Notebook Riser N110, which extend – along with the recent introduction of the Logitech® Comfort Lapdesk for Notebooks – the company’s line of notebook essentials that help make the laptop experience more comfortable around the home. The Logitech® Cooling Pad N100 is expected to be available in the U.S. in March and Europe in April for a suggested retail price of $29.99 (U.S.). The Logitech® Notebook Riser N110 is expected to be available in the U.S. in May for a suggested retail price of $29.99 (U.S.). The Logitech® Comfort Lapdesk for Notebooks is available now in Europe and the U.S. for a suggested retail price of $39.99 (U.S.).
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Full View / NID: 27499 / Submitted by: The Zilla of Zuron
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FREMONT, Calif., Feb. 23, 2009 and ROMANEL-SUR-MORGES, Switzerland, Feb. 24, 2009 — Logitech International (SIX: LOGN) (Nasdaq: LOGI) today announced that Mark J. Hawkins, Logitech senior vice president of finance and information technology, and chief financial officer, will present at the following conferences:
Goldman Sachs Technology and Internet Conference 2009 in San Francisco on Feb. 25, 2009 at 4:40 p.m. Pacific Standard Time/7:40 p.m. Eastern Standard Time.
Morgan Stanley Technology Conference in San Francisco on March 2, 2009 at 1:00 p.m. Pacific Standard Time/4:00 p.m. Eastern Standard Time.
A live webcast and replay of each presentation will be available on the Logitech corporate Web site at http://ir.logitech.com.
About Logitech
Logitech is a world leader in personal peripherals, driving innovation in PC navigation, Internet communications, digital music, home-entertainment control, gaming and wireless devices. 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: 27147 / Submitted by: The Zilla of Zuron
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Logitech – February 17, 2009 – Logitech (SIX: LOGN) (NASDAQ: LOGI) today announced that Logitech® Squeezebox™ network music players support online music from Napster®. Using your existing wireless home network and your Squeezebox player, now you can access Napster’s library of more than 7 million songs on the home-entertainment system in your living room, bedroom, or in any room where you listen to music. Napster is available to Logitech Squeezebox owners in the United States, Canada, United Kingdom and Germany. More details can be found at www.logitechsqueezebox.com/napster.
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Full View / NID: 27039 / Submitted by: The Zilla of Zuron
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FREMONT, Calif., Feb. 8, 2009 and ROMANEL-SUR-MORGES, Switzerland, Feb. 9, 2009 — Logitech International (SIX: LOGN) (Nasdaq: LOGI) today announced that Werner Heid, age 49, has joined the company as a senior vice president, responsible for worldwide sales and regional marketing. Mr. Heid assumes the executive management responsibility for Logitech’s retail sales in the Americas, EMEA and Asia Pacific regions, as well as for worldwide sales to OEM customers. He reports directly to Gerald P. Quindlen, Logitech president and chief executive officer.
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Full View / NID: 26881 / Submitted by: The Zilla of Zuron
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FREMONT, Calif., Feb. 5, 2009 and ROMANEL-SUR-MORGES, Switzerland, Feb. 6, 2009 — Logitech International (SIX: LOGN) (Nasdaq: LOGI) today announced that Mark J. Hawkins, Logitech senior vice president of finance and information technology, and chief financial officer, will present at the Thomas Weisel Partners Technology & Telecom Conference 2009 in San Francisco on Feb. 9, 2009 at 8:00 a.m. Pacific Standard Time/11:00 a.m. Eastern Standard Time. A live audio webcast and replay of the presentation will be available on the Logitech corporate Web site at http://ir.logitech.com.
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Full View / NID: 26847 / Submitted by: The Zilla of Zuron
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FREMONT, Calif., Jan. 19, 2009 and ROMANEL-SUR-MORGES, Switzerland, Jan. 20, 2009 — Logitech International (SIX: LOGN) (Nasdaq: LOGI) today announced financial results for the third quarter of Fiscal Year 2009. Sales for Q3 were $627 million, a decrease of 16 percent compared to $744 million in the same quarter last year. Operating income was $43 million, a decrease of 63 percent compared to $116 million in the same quarter a year ago. Net income was $40 million ($0.22 per share) compared to Q3 FY 2008 net income of $134 million ($0.71 per share), which included a net realized gain on sales of short-term investments of $27.8 million and an impairment loss of $5.5 million on the value of short-term investments. Gross margin for the third quarter of FY 2009 was 29.9 percent compared to 36.9 percent in Q3 FY 2008.
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Full View / NID: 26596 / Submitted by: TACKtech Team
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FREMONT, Calif., Jan. 19, 2009 and ROMANEL-SUR-MORGES, Switzerland, Jan. 20, 2009 — Logitech International (SIX: LOGN) (Nasdaq: LOGI) today announced financial results for the third quarter of Fiscal Year 2009. Sales for Q3 were $627 million, a decrease of 16 percent compared to $744 million in the same quarter last year. Operating income was $43 million, a decrease of 63 percent compared to $116 million in the same quarter a year ago. Net income was $40 million ($0.22 per share) compared to Q3 FY 2008 net income of $134 million ($0.71 per share), which included a net realized gain on sales of short-term investments of $27.8 million and an impairment loss of $5.5 million on the value of short-term investments. Gross margin for the third quarter of FY 2009 was 29.9 percent compared to 36.9 percent in Q3 FY 2008.
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Full View / NID: 26531 / Submitted by: The Zilla of Zuron
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Logitech - Jan. 6, 2009 - Logitech today unveiled game-changing extensions to its award-winning G-series line of gaming peripherals, introducing the Logitech® G19 keyboard for gaming, the Logitech® G35 surround sound headset and the Logitech® G9x laser mouse. Delivering everything gamers need for a competitive edge - from programmable buttons to 7.1-channel surround sound and 5000 dpi laser sensors to backlit keys - Logitech’s best-in-class gaming peripherals are engineered to deliver more than you could possibly want and everything you need. The G19 keyboard for gaming is expected to be available in the U.S. and Europe in March for a suggested retail price of $199.99 (U.S.). The G35 surround sound headset is expected to be available in the U.S. and Europe in February for a suggested retail price of $99.99 (U.S.). The G9x Laser Mouse is expected to be available in the U.S. and Europe in February for a suggested retail price of $99.99 (U.S.).
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Full View / NID: 26268 / Submitted by: The Zilla of Zuron
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Logitech - Jan. 6, 2009 - Today, seven Logitech products received prestigious CES Innovations awards for excellence in design and engineering, including the Logitech® 13 advanced gameboard, which won the best electronic gaming award, and the Harmony® 1100 advanced universal remote, which won the best home-theater accessories award. Other products that received honoree awards include the Logitech® G35 headset, the Logitech® Driving Force GT wheel, the Logitech® Squeezebox™ Boom network music player, the Logitech® Z-5 speakers and the Logitech® Illuminated Keyboard.
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Full View / NID: 26267 / Submitted by: The Zilla of Zuron
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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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Full View / NID: 26259 / Submitted by: The Zilla of Zuron
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