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Logitech-Press related Technical Updates [Page: 38 of 49] @ TACKtech Corp. |
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NEWARK, Calif. — June 14, 2012 — Today Logitech (SIX: LOGN) (NASDAQ: LOGI) introduced the latest addition to its popular G-Series gaming lineup: the Logitech® G600 MMO Gaming Mouse, a highly customizable and easy-to-use mouse specifically designed for massively multiplayer online (MMO) gamers. The mouse features 20 buttons – including 12 thumb buttons, set in two groups of six on a meticulously designed thumb panel – all in easy reach for quick and easy no-look navigation and faster game play.
With three default profiles – two for MMOs and one for general gaming – it is set up for optimal use right out of the box, no drivers required. In addition, it has a G-Shift function that easily doubles the number of actions you can perform with any button, giving you complete control in your favorite MMOs. As with all of our G-Series products, the keys are programmable so you can create your own commands, store them in the mouse’s onboard memory, and access them all with one touch. Plus, its sculpted shape comfortably supports your hand through long gaming sessions.
“The Logitech G600 MMO Gaming Mouse is the result of intense, direct testing with experienced MMO gamers,” said Mark Starrett, senior global product manager for Logitech. “Countless hours of research went into the design of our thumb panel to make sure that it is as comfortable and easy to use as possible. And people will feel the difference in the buttons – they’re sculpted to help reduce click fatigue and miss-clicks so you can play with greater precision for as long as you want.”
For additional personalization, the thumb panel’s RGB illumination is fully customizable with more than 16 million possible color combinations that you can use to easily identify the active on-board profile. The lighting can be set to glow continuously, pulse on and off, continuously cycle, or dim after a user-determined period of inactivity.
“This Logitech mouse is one of the best out there – and not just because they incorporated our feedback into the design,” said Hal Hanlin, Rift producer. “There are so many abilities to keep track of in Rift, the difference between defeating a zone event or winding up at the graveyard can come down to seconds. Having all those G-Keys at your fingertips gives you an advantage.”
Pricing and Availability
The Logitech G600 MMO Gaming Mouse is expected to be available in the U.S. and Europe beginning in July 2012, for a suggested retail price of $79.99. For more information please visit www.logitech.com or our blog.
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).
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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 website at www.logitech.com.
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Full View / NID: 42342 / Submitted by: The Zilla of Zuron
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NEWARK, Calif. — June 7, 2012 and MORGES, Switzerland, June 8, 2012 — Logitech International (SIX: LOGN) (Nasdaq: LOGI) today announced that it expects to record pre-tax charges in the current fiscal year of approximately $35 million associated with the company’s previously announced restructuring. The company is undertaking this restructuring to simplify the organization, to better align costs with its current business and to free up resources to pursue its growth opportunities. The restructuring is expected to yield approximately a net $80 million reduction in annual operating costs. The reduction will begin to benefit the company in the second half of Fiscal Year 2013 with the full savings expected to be achieved in Fiscal Year 2014.
Approximately $32 million of the restructuring charges are expected to be recorded in the first quarter of Fiscal Year 2013, ending June 30, 2012. The largest component of the restructuring charge will be cash charges related to a workforce reduction. The company is eliminating approximately 450 positions, or 13 percent of its worldwide non-direct-labor workforce. Logitech expects that reduced personnel-related costs will represent an estimated 60 percent of the approximately $80 million savings in annual operating costs.
“As we announced in April, this organizational streamlining, along with our strategy to deliver fewer but more compelling products, should position Logitech for renewed growth and profitability,” said Bracken Darrell, Logitech president. “While we are saddened by the departure of many colleagues, the restructuring is necessary for our future success.”
Additional information on the restructuring charges is provided in the Current Report on Form 8-K being filed with the U.S. Securities and Exchange Commission on June 8, 2012 and made available on Logitech’s 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).
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This press release contains forward-looking statements within the meaning of the federal securities laws, including, without limitation, statements regarding: organizational structure; the amount and timing of charges in connection with the restructuring; the goals of the restructuring; the reduction in annual operating costs and the timing of achieving such savings; the breakdown of such savings by type of costs; the number of positions to be eliminated; and Logitech’s ability to achieve renewed growth and profitability and future success. The forward-looking statements in this release involve risks and uncertainties that could cause Logitech’s actual results and events to differ materially from those anticipated in these forward-looking statements, including, without limitation: if our product offerings, marketing activities and investment prioritization decisions do not result in the sales, profitability or profitability growth we expect, or when we expect it; if the restructuring fails to produce the intended performance and cost savings results or is not implemented in the contemplated timeframe. A detailed discussion of these and other risks and uncertainties that could cause actual results and events to differ materially from such forward-looking statements is included 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, 2012, available at www.sec.gov., under the caption Risk Factors and elsewhere. Logitech does not undertake any obligation to update any forward-looking statements to reflect new information or events or circumstances occurring after the date of this press release.
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: 42343 / Submitted by: The Zilla of Zuron
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NEWARK, Calif. — May 31, 2012 — Logitech (SIX: LOGN) (NASDAQ: LOGI) today unveiled the world’s first personally tuned custom in-ear monitors - the Ultimate Ears™ Personal Reference Monitors. Engineered to your exact needs for fit, look and sound, the Ultimate Ears Personal Reference Monitors were created to deliver an experience as personal as your passion for music. The process begins with our exclusive Personal Reference Tuning Box, which allows you to precisely adjust the sound signature of the monitors based on your listening preferences. The Personal Reference Tuning Box captures your adjustments to the mix of highs, mids and lows, which Ultimate Ears engineers then use to craft Personal Reference Monitors to your very own sound signature based on those exact settings.
“There are some people out there – and we’ve met many of them over the years – that know exactly what they need and want in terms of their sound signature,” said Philippe Depallens, vice president and general manager of Wearables at Logitech. “Our new, handcrafted Ultimate Ears Personal Reference Monitors are designed with these people in mind. The Personal Reference Monitors take custom in-ear monitors to a new level of personalization – creating an audio experience tailored to each individual listener.
The Ultimate Ears Personal Reference Monitors showcase Ultimate Ears’ expert technology, honed through years of delivering superior audio experiences and include our proprietary five-armature design, a three-way crossover circuit and triple-bore sound channels. Additionally, the detachable, low-profile, low-distortion cable eliminates burdensome Y-joint connectors and is tightly braided to reduce friction, unraveling and tangling.
Ultimate Ears Personal Reference Monitors provide 26 dB of isolation and passive noise cancellation. Similar to our other Custom In-Ear Monitors, they are compatible with wireless transmission systems for the stage and portable media devices. For the first time, there are four custom fine-wood faceplates that will be available exclusively to Ultimate Ears Personal Reference Monitor customers. What’s more, Ultimate Ears Personal Reference Monitors will be the first Ultimate Ears product to come equipped with RewardTag. Through RewardTag, if your Ultimate Ears Personal Reference Monitors are lost or stolen, whoever finds your device can return it through RewardTag and Ultimate Ears will give the individual a reward for their safe return – providing you with extra peace of mind as you travel with your earphones.
Pricing and Availability
The Ultimate Ears Personal Reference Monitors are expected to be available in select locations throughout the U.S. including New York, NY, Nashville, TN, Irvine, CA and Los Angeles, CA beginning in June 2012, for a suggested retail price of $1,999.99. Once you place an order, a personal service specialist will be assigned to guide you through the process of fitting, designing and tuning the Ultimate Ears Personal Reference Monitors. For more information please visit www.logitech.com/ue.
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).
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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 website at www.logitech.com.
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Full View / NID: 42182 / Submitted by: The Zilla of Zuron
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Logitech — May 30, 2012 — Today Logitech (SIX: LOGN) (NASDAQ: LOGI) unveiled the light-powered Logitech® Wireless Solar Keyboard K760 for Mac®, iPad® or iPhone®. It features an easy-switching Bluetooth® connection that allows you to simultaneously pair up to three devices and quickly switch among them with the touch of a button. Its slim, minimalist design makes it both stylish and portable. The Logitech Wireless Solar Keyboard K760 is expected to be available in the U.S. and Europe in June 2012 for a suggested retail price of $79.99.
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Full View / NID: 42170 / Submitted by: The Zilla of Zuron
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Logitech — May. 9, 2012 — Today Logitech (SIX: LOGN) (NASDAQ: LOGI), introduced the Logitech® Alert™ 750n Indoor Master System with night vision, a complete video security system in a box, and the Logitech® Alert™ 700n Indoor Add-On Camera for expanded security. Both feature quick and easy installation, built-in night vision and high-quality HD video – allowing you to see more, more clearly. The Logitech Alert 750n Indoor Master System and Logitech Alert 700n Add-On Camera are expected to be available in the U.S. and Europe in May 2012, for the suggested retail price of $299.99 and $229.99, respectively.
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Full View / NID: 41914 / Submitted by: The Zilla of Zuron
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NEWARK, Calif., May 8, 2012 and MORGES, Switzerland, May 9, 2012 — Logitech International (SIX: LOGN) (NASDAQ: LOGI) today announced that Guerrino De Luca, Logitech chairman and chief executive officer, will present at the 40th Annual J.P. Morgan Global Technology, Media and Telecom Conference in Boston on May 15, 2012 at 8:20 a.m. Pacific Daylight Time/11:20 a.m. Eastern 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).
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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 website at www.logitech.com.
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Full View / NID: 41905 / Submitted by: The Zilla of Zuron
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Logitech — May 3, 2012 — Logitech (SIX: LOGN) (NASDAQ: LOGI) today introduced a new protective keyboard accessory to its lineup of tablet products. Built for the new, third-generation iPad® and current iPad 2, the Logitech® Solar Keyboard Folio provides front and back protection for your iPad and its built-in Bluetooth® keyboard is powered by light. The Logitech Solar Keyboard Folio is expected to be available in the U.S. and Europe in May 2012 for a suggested retail price of $129.99.
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Full View / NID: 41844 / Submitted by: The Zilla of Zuron
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Logitech — May 2, 2012 — Today Logitech unveiled a collection of computer accessories featuring a range of stylish, colorful designs inspired by the global community. These accessories feature colors and patterns that mix global trends with local influences, so you can pick and choose a combination that expresses your personality to the world. The Logitech Global Graffiti Collection offers borderless style at an affordable price, ranging from $29.99 to $39.99, depending on the product. The new designs are expected to be available in the U.S. beginning in May and in Europe beginning in June 2012. For more information please visit www.logitech.com or our blog
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Full View / NID: 41825 / Submitted by: The Zilla of Zuron
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Logitech Introduces TAA-Compliant Keyboard and Mice For U.S. Federal AgenciesNEWARK, Calif. — April 30, 2012 — Logitech today introduced its first TAA-compliant products – a keyboard, two mice and a keyboard/mouse combo – for U.S. federal agencies covered by the Trade Agreements Act.
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Full View / NID: 41790 / Submitted by: The Zilla of Zuron
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NEWARK, Calif. — April 25, 2012 and MORGES, Switzerland, April 26, 2012 — Logitech International (SIX: LOGN) (Nasdaq: LOGI) today announced financial results for the fourth quarter and full year of Fiscal Year 2012.
Sales for Q4 FY 2012 were $532 million, down 3 percent from $548 million in Q4 FY 2011. Excluding the unfavorable impact of exchange rates, sales decreased by 2 percent compared to the prior year. Operating income was $24 million compared to $4 million in the same quarter a year ago. Net income for Q4 FY 2012 was $28 million ($0.17 per share) compared to net income of $3 million ($0.02 per share) in Q4 of FY 2011. Gross margin for the quarter was 36.4 percent compared to 32.8 percent in the same quarter one year ago.
Logitech’s retail sales for Q4 FY 2012 decreased year over year by 2 percent, with an increase in EMEA of 13 percent, an increase in Asia of 12 percent, and a decrease in the Americas of 17 percent. OEM sales decreased by 9 percent. Sales for the LifeSize division decreased by 10 percent.
For the full fiscal year, sales were $2.32 billion, compared to $2.36 billion in FY 2011. Operating income was $72 million, down 50 percent from $143 million a year ago. Net income for the full fiscal year was $71 million ($0.41 per share), down 44 percent from $128 million ($0.72 per share) in FY 2011. Gross margin for FY 2012 was 33.5 percent compared to 35.4 percent in FY 2011.
“I look forward to leading Logitech to improved performance,” said Bracken Darrell, Logitech president. “To get back to sustained, profitable growth, we need to be simpler, faster and more consumer-centric. Some of this transformation has already begun, with the management team’s work to reinvigorate the product portfolio. We now need to simplify the organization through restructuring. With board approval, I have eliminated a layer of business and sales executive management; the leaders of our business groups and sales regions now report directly to me. In addition, we will consolidate brand management and product portfolio management under the leadership of the business groups, and streamline most other functions. I expect most of this restructuring to be completed by the end of the current quarter, freeing up resources to pursue our growth opportunities. The restructuring should result in a reduction of approximately $80 million in annual operating costs.”
“I believe the organizational streamlining that Bracken is driving is a decisive step for Logitech’s future,” said Guerrino De Luca, Logitech chairman and chief executive officer. “Looking ahead, I am also excited about what I believe is a strong lineup of new products with a much clearer value proposition to consumers. We expect that increasingly differentiated products will provide strong up-sell opportunities across all of our businesses. The majority of these new products will launch in Q2.”
The company expects to benefit from a stronger product portfolio, the simplification of the organization and processes, and cost savings from the restructuring, resulting in improved financial performance in the second half of Fiscal 2013.
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 to discuss the Q4 and full-year results for FY 2012 and its restructuring and simplification plans on Thursday, April 26, 2012 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).
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This press release contains forward-looking statements, including the statements regarding performance, sustainable and profitable growth, organizational structure, the timing of completing the restructuring, the availability of resources to pursue growth opportunities, the reduction in annual operating costs and the amount of those cost savings available in Fiscal Year 2013, the lineup of new products, the timing of their launches and their value propositions, up-sell opportunities and financial performance in the second half of Fiscal Year 2013. The forward-looking statements in this release involve risks and uncertainties that could cause Logitech’s actual results to differ materially from those 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 offerings and marketing activities do not result in the sales and profitability we expect, or when we expect it; if we fail to successfully develop and market products for 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 operating segments, or significant fluctuations in currency exchange rates; if the sales growth in emerging markets for our PC peripherals and other products does not increase as much as we expect; in digital music, if we fail to introduce differentiated product and marketing strategies to separate ourselves from competitors; competition in the video conferencing and communications industry, including from companies with significantly greater resources, sales and marketing organizations, installed base and name recognition; if the restructuring fails to produce the intended performance and cost savings results or is not implemented in the contemplated timeframe; 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 and our Quarterly Report on Form 10-Q for the fiscal quarter ended December 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.
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Full View / NID: 41748 / Submitted by: The Zilla of Zuron
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NEWARK, Calif. — April 25, 2012 and MORGES, Switzerland, April 26, 2012 — Logitech International (SIX: LOGN) (Nasdaq: LOGI) today announced that the company has eliminated two executive management positions as part of its transformation strategy, which includes a plan to restructure the company, announced separately today.
The position of executive vice president of the products group and president of Logitech Europe, held by Junien Labrousse and reporting to Logitech President Bracken Darrell, has been eliminated. The leaders of the individual business groups, which formerly reported to Mr. Labrousse, now report directly to Mr. Darrell. Mr. Labrousse has assumed the role of senior vice president of the business group responsible for PCs, Macs and tablets.
The position of senior vice president of worldwide sales and marketing, held by Werner Heid and reporting to Bracken Darrell, has been eliminated. The leaders of each of Logitech’s sales and marketing regions now report directly to Mr. Darrell. Due to the elimination of his position, Mr. Heid will be leaving Logitech effective May 15, 2012.
“These changes enable me to work more closely with our product and sales teams,” said Bracken Darrell. “Together, we can become more responsive to the changing needs of today’s consumers as we address new opportunities with greater speed and flexibility.
“I would like to thank Werner Heid for his contribution to Logitech over the last three years. His talent and expertise have helped the company navigate through challenging times. Werner strengthened Logitech’s market position in key developed markets and provided the foundation for our growth opportunities in emerging markets.”
Details regarding the changes in executive management, including related changes in compensation, are included in a Current Report on Form 8-K to be filed with the Securities & Exchange Commission.
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: 41747 / Submitted by: The Zilla of Zuron
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Logitech — April 18, 2012 — Logitech (SIX: LOGN) (NASDAQ: LOGI) today introduced a new keyboard accessory to its lineup of tablet products. Built for the new, third-generation iPad® and iPad 2, the Logitech® Ultrathin Keyboard Cover provides stylish protection, as well as practicality and functionality with a slim, aluminum screen protector and built-in keyboard that pairs through Bluetooth®. The Logitech Ultrathin Keyboard Cover is expected to be available in the U.S. and Europe in April 2012 for a suggested retail price of $99.99.
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Full View / NID: 41656 / Submitted by: The Zilla of Zuron
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FREMONT, Calif. , March 27, 2012 and MORGES, Switzerland, March 28, 2012 —Logitech International (SIX: LOGN) (Nasdaq: LOGI) today announced that it will release quarterly financial results on Wednesday, April 25, 2012 at 10:00 p.m. Eastern Daylight Time and Thursday, April 26, 2012 at 04:00 Central European Summer Time.
There will be a teleconference to discuss these results on Thursday, April 26, 2012 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.
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Full View / NID: 41454 / Submitted by: The Zilla of Zuron
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FREMONT, Calif. — March 27, 2012 — Today Logitech introduced the Logitech® UE™ Air Speaker with Apple’s AirPlay®. Now you can stream uncompressed music from iTunes or an iPhone, iPad or iPod touch connected to your home’s Wi-Fi® network to a Logitech UE speaker that delivers high-quality audio with a big sound stage boosted by dual tweeters and woofers. The Logitech UE Air Speaker is expected to be available in the U.S. and Europe beginning in April 2012, for a suggested retail price of $399.99. For more information please visit www.logitech.com.
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Full View / NID: 41447 / Submitted by: The Zilla of Zuron
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FREMONT, Calif. — Mar. 26, 2012 — Logitech (SIX: LOGN) (NASDAQ: LOGI) today introduced a new product category for unified communications (UC) and Web conferencing: the all-in-one audio and video ConferenceCam. The Logitech® BCC950 ConferenceCam is the first communications tool to combine a full HD webcam with a high-quality, omni-directional full-duplex speakerphone in one USB device, enabling small groups to collaborate in conference rooms, closed offices or shared work spaces. For more information on the Logitech BCC950 ConferenceCam and other Logitech products for business, please visit www.logitech.com/business or our blog.
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Full View / NID: 41432 / Submitted by: The Zilla of Zuron
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FREMONT, Calif. — March 14, 2012 and MORGES, Switzerland, March 15, 2012 — Logitech International (SIX: LOGN) (Nasdaq: LOGI) today announced that Whirlpool EMEA leader Bracken P. Darrell will join Logitech as president, effective April 9, 2012. Reporting to Guerrino De Luca, Logitech chairman and chief executive officer, Mr. Darrell will assume responsibility for research and development, sales and marketing, manufacturing, supply chain, IT, human resources and legal functions. The company’s finance organization and LifeSize division will continue to report to Mr. De Luca until January 1, 2013, at which time Mr. Darrell will succeed Mr. De Luca as chief executive officer.
“Bracken Darrell and Logitech are an excellent match,” said Guerrino De Luca. “Bracken has a proven track record in highly successful global companies, with experience in operations, product innovation, marketing, service and brand management. He is a change agent, having driven innovation and transformation for iconic consumer brands. Bracken brings a passion for keeping the consumer at the heart of decisions as well as a fresh perspective on our business. The board of directors and I believe that Bracken is the right individual to drive our company to renewed profitable growth, and I am thrilled to work with him on his transition from president to CEO.”
Bracken Darrell, age 49, joins Logitech from Whirlpool Corporation, where he has been serving as executive vice president of Whirlpool Corporation and president of Whirlpool EMEA. Prior to joining Whirlpool in 2008, Mr. Darrell was with Procter & Gamble, most recently as president of Braun globally, based in Germany. In addition to serving in Procter & Gamble for twelve years, Mr. Darrell spent five years with General Electric Company, most recently as general manager of Consumer Home Service for GE Appliances. Mr. Darrell previously held positions with PepsiCo and Arthur Anderson. He received an M.B.A. degree from Harvard University in 1991 and a B.A. degree from Hendrix College in 1985.
“I’m very excited to take on this role,” said Bracken Darrell. “Logitech’s strong history of innovation, design, and leadership in this space makes it extremely compelling to me. I’ve been a fan of Logitech products for years, so I’m eager to join Guerrino in driving the company toward renewed growth and increased profitability.”
Teleconference and Webcast
Logitech’s chairman and chief executive officer, Guerrino De Luca, will hold a webcast to discuss Mr. Darrell’s appointment on March 15, 2012 at 10:30 a.m. Eastern Daylight Time and 15:30 Central European 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 Web site at www.logitech.com.
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Full View / NID: 41315 / Submitted by: The Zilla of Zuron
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FREMONT, Calif. — March 14, 2012 and MORGES, Switzerland, March 15, 2012 — In accordance with NASDAQ Stock Market rules regarding equity inducement awards, Logitech International (SIX: LOGN) (Nasdaq: LOGI) announced that it plans to grant, in the middle of April 2012, equity inducement awards totaling 500,000 stock options, 100,000 restricted stock units (RSUs) and 1,200,000 premium-priced stock options to Bracken P. Darrell, the company’s new president, in connection with the commencement of his employment on April 9, 2012.
Mr. Darrell’s grant of 500,000 stock options will have an exercise price per share equal to the fair market value of Logitech’s shares on the grant date, and vests over four years, with 25% of the options vesting on each annual anniversary of the grant date. Each stock option has a ten-year term. Mr. Darrell’s grant of 100,000 RSUs vests over four years, with 25% of the RSUs vesting on each annual anniversary of the grant date.
Mr. Darrell’s grant of 1,200,000 premium priced stock options will have exercise prices as follows: 400,000 stock options will have an exercise price per share of 1.75 times the fair market value of Logitech shares on the grant date, 400,000 stock options will have an exercise price per share of 2 times the fair market value of Logitech shares on the grant date, and 400,000 stock options will have an exercise price per share of 2.5 times the fair market value of Logitech’s shares on the grant date. These stock options will vest in full if and only when Logitech’s average closing share price, over a consecutive ninety-day trading period, meets or exceeds the respective exercise price of the options. Each stock option has a ten-year term.
If Mr. Darrell’s employment is terminated other than for cause within one year after his employment start date, 25% of Mr. Darrell’s grant of 500,000 options, and 25% of his 100,000 RSUs, will vest. All Mr. Darrell’s inducement awards will fully vest if his employment terminates within one year following a change of control of the company.
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).
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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: 41314 / Submitted by: The Zilla of Zuron
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Logitech today announced the Logitech® BH320 USB Stereo Earbuds, which provide enterprise-grade in-ear audio for PC telephony and videoconferencing. Developed specifically for the business market, the earbuds are both stylish and subtle, while offering a full set of in-line controls and easy installation. The Logitech BH320 USB Stereo Earbuds are the first earbuds qualified as Optimized for Microsoft Lync, a designation from Microsoft Corp. for communications devices that “provide a high quality user experience, with ‘just works’ installation, rich audio and video, and a lower total cost of ownership.”
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Full View / NID: 41201 / Submitted by: The Zilla of Zuron
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FREMONT, Calif., Feb. 21, 2012 and MORGES, Switzerland, Feb. 22, 2012 — 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 Stanley Technology, Media and Telecom Conference 2012 in San Francisco on Feb. 27, 2012 at 4:15 p.m. Pacific Standard Time/7:15 p.m. Eastern Standard 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).
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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 website at www.logitech.com.
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Full View / NID: 41080 / Submitted by: The Zilla of Zuron
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Logitech — Feb. 8, 2012 — Today Logitech, the world’s leading manufacturer of mice, unveiled the Logitech® Touch Mouse M600, a mouse featuring a touch surface that lets you navigate intuitively with your fingers. The Logitech Touch Mouse M600 is expected to be available in the U.S. and Europe beginning in February 2012, for a suggested retail price of $69.99. For more information please visit www.logitech.com.
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Full View / NID: 40926 / Submitted by: The Zilla of Zuron
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