| |
| |
Logitech-Press related Technical Updates [Page: 39 of 49] @ TACKtech Corp. |
|
|---|
|
|
|
Dateline City:
MORGES, Switzerland
MORGES, Switzerland--(BUSINESS WIRE)--Logitech International (SIX: LOGN) (Nasdaq: LOGI) today published its
Quarterly Report on Form 10-Q for the third quarter of Fiscal Year 2012.
Language:
English
Contact HTML:
Logitech InternationalJoe Greenhalgh, 510-713-4430Vice President, Investor Relations – USAorNancy Morrison, 510-713-4948Vice President, Corporate Communications – USAorLaura Scorza, +41-(0) 21-863-5336Sr. Public Relations Manager – Europe
Ticker Slug:
Ticker: LOGI Exchange: NASDAQ
read more
|
|
|
Full View / NID: 42619 / Submitted by: The Zilla of Zuron
|
|
|
Logitech — Feb. 6, 2012 — Logitech (SIX: LOGN) (NASDAQ: LOGI) announced today that its Logitech for Business group has signed up more than 120 value-added resellers in the United States just seven months after launching the group’s partner program. For more information please visit www.logitech.com/business.
|
|
|
Full View / NID: 40904 / Submitted by: The Zilla of Zuron
|
|
|
FREMONT, Calif. — Jan. 25, 2012 and MORGES, Switzerland, Jan. 26, 2012 — Logitech International (SIX: LOGN) (Nasdaq: LOGI) today announced financial results for the third quarter of Fiscal Year 2012.
Sales for Q3 FY 2012 were $715 million, down 5 percent from $754 million in Q3 FY 2011. Changes in exchange rates did not have an impact on sales compared to the prior year. Operating income was $70 million, down 8 percent from $76 million in the same quarter a year ago. Net income for Q3 FY 2012 was $55 million ($0.32 per share) compared to net income of $65 million ($0.36 per share) in Q3 of FY 2011. Gross margin for the quarter was 36.2 percent compared to 36.0 percent one year ago.
Logitech’s retail sales for Q3 FY 2012 decreased by 4 percent, with an increase in Asia of 13 percent, a decrease in EMEA of 5 percent and a decrease in the Americas of 8 percent. OEM sales decreased by 24 percent. Sales for the LifeSize division grew 6 percent.
“Our Q3 FY 2012 sales performance across most of our business is consistent with the findings from the assessment of our business that we completed earlier this fiscal year,” said Guerrino De Luca, Logitech chairman and acting chief executive officer. “Large categories such as cordless mice and cordless keyboards, including those for tablets, achieved strong year-over-year sales growth, despite the product gaps that exist across many of our retail categories. I am pleased with our improved execution in EMEA and with the progress of our new product initiatives, both of which we expect to benefit from in Fiscal Year 2013.
“Since we last provided our outlook for Fiscal Year 2012 at the end of October, several factors have changed. Most significantly, the Euro has weakened considerably during the last three months. In addition, webcams and remotes continue to be impacted more than expected by product portfolio and market weakness. Consequently, we have lowered our outlook for FY 12 sales and operating income.
“I am very pleased with our strong cash generation in Q3,” continued De Luca. “Our cash flow from operations for the quarter was $153 million and we ended with $523 million in cash. We can repurchase up to $177 million of our shares under our existing share repurchase program, with all regulatory approvals in place to begin repurchases on our second trading line.”
Outlook
For Fiscal Year 2012, ending March 31, 2012, the Company now expects sales of approximately $2.3 billion and operating income of approximately $60 million. The gross margin for the full year continues to be estimated to reach approximately 33 percent. Full-year outlook factors in the operating loss and very low gross margin previously reported for Q1.
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 results for Q3 and the Company’s outlook on Thursday, Jan. 26, 2012 at 8:30 a.m. Eastern Standard Time and 14:30 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).
# # #
This press release contains forward-looking statements, including the statements regarding anticipated sales, operating income and gross margin for FY 2012, the impact of improved EMEA execution and product initiatives on FY 2013 performance, and future share repurchases. 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 offerings and marketing activities do not result in the sales and profitability growth we expect, or when we expect it; 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 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; if our operational changes in our EMEA sales region do not result in the sales improvement in EMEA we expect; in digital music, if we are not able to identify product development, marketing, and organizational skill gaps, and resolve them, or if we fail to introduce differentiated product and marketing strategies to separate ourselves from competitors; the adverse conclusion of one or more ongoing tax audits in various jurisdictions and a material assessment by a governing tax authority that adversely affects our profitability; 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 our Quarterly Reports on Form 10-Q for the fiscal quarters ended June 30, 2011 and September 30, 2011 and the Quarterly Report on Form 10-Q we intend to file 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.
|
|
|
Full View / NID: 40792 / Submitted by: The Zilla of Zuron
|
|
|
Logitech — Jan. 18, 2012 — Logitech (SIX: LOGN) (NASDAQ: LOGI) is introducing the next generation of webcam technology for business with full 1080p HD video, onboard H.264 compression, USB Video Class (UVC) driver-less install and other premium features that enhance enterprise videoconferencing and unified communications. For more information please visit www.logitech.com/business.
|
|
|
Full View / NID: 40702 / Submitted by: The Zilla of Zuron
|
|
|
Logitech — Jan. 5, 2012 — Once again redefining the way we interact with the digital world, today Logitech (SIX: LOGN) (NASDAQ: LOGI) unveiled the Logitech® Cube. With a unique design that re-imagines what a mouse can be, the Logitech Cube offers everything you want in a mouse, and effortlessly becomes a presenter when you need it. The Logitech Cube is expected to be available in the U.S. and Europe beginning in January 2012. It will be available online only at www.logitech.com for a suggested retail price of $69.99.
|
|
|
Full View / NID: 40562 / Submitted by: The Zilla of Zuron
|
|
|
Logitech — Jan. 5, 2012 — Logitech (SIX: LOGN) (NASDAQ: LOGI) today unveiled the Logitech® HD Pro Webcam C920, making it easier than ever to capture full-HD 1080p video that’s faster and smoother and performs well on more computers. The device offers breathtaking quality, allowing friends and loved ones to see and hear the real you. The Logitech HD Pro Webcam C920 will also be offered to business customers, delivering an enhanced experience for videoconferencing and unified communications. The Logitech HD Pro Webcam C920 is expected to be available in the U.S. and Europe beginning in January 2012 for a suggested retail price of $99.99. For more information please visit www.logitech.com.
|
|
|
Full View / NID: 40561 / Submitted by: The Zilla of Zuron
|
|
|
FREMONT, Calif. — Dec. 27, 2011 and MORGES, Switzerland, Dec. 28, 2011 —Logitech International (SIX: LOGN) (Nasdaq: LOGI) today announced that it will release quarterly financial results on Wednesday, Jan. 25, 2012 at 10 p.m. Eastern Standard Time and Thursday, Jan. 26, 2012 at 04:00 Central European Time.
There will be a teleconference to discuss these results on Thursday, Jan. 26, 2012 at 8:30 a.m. Eastern Standard Time and 14:30 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 website at www.logitech.com.
|
|
|
Full View / NID: 40500 / Submitted by: The Zilla of Zuron
|
|
|
Logitech – Dec. 7, 2011 – Logitech (SIX: LOGN) (NASDAQ: LOGI) today announced that its Logitech Revue™ with Google TV™ will begin delivering a free update supported by the all-new Android 3.1 platform. All installed devices are expected to receive the update over the next week. In direct response to feedback from Logitech Revue users and the Google TV community, the improvements to Logitech Revue with this new version of Google TV will include more entertainment choices with access to Android Market; more powerful search and browse capabilities, more intuitive user interface, and an improved Logitech Media Player experience.
|
|
|
Full View / NID: 40287 / Submitted by: The Zilla of Zuron
|
|
|
FREMONT, Calif. — Dec. 1, 2011 and MORGES, Switzerland, Dec. 2, 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 NASDAQ OMX 27th Investor Program in London on Dec. 7, 2011 at 14:45 British Time/15:45 Central European Time/9:45 a.m. Eastern Standard Time. A live webcast, 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.
|
|
|
Full View / NID: 40229 / Submitted by: The Zilla of Zuron
|
|
|
FREMONT, Calif. — Nov. 10, 2011 and MORGES, Switzerland, Nov. 11, 2011 — Logitech International (SIX: LOGN) (NASDAQ: LOGI) today announced that Guerrino De Luca, Logitech chairman and acting president and chief executive officer, will present at the Morgan Stanley Technology, Media and Telecoms Conference in Barcelona, Spain on Nov. 16, 2011 at 11:15 Central European Time/5:15 a.m. Eastern Standard Time/2:15 a.m. Pacific 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).
###
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.
|
|
|
Full View / NID: 40033 / Submitted by: The Zilla of Zuron
|
|
|
Logitech — Nov. 8, 2011 — Today Logitech (SIX: LOGN) (NASDAQ: LOGI) introduced the MOG® music service for its line of Logitech® Squeezebox™ players in the U.S. Logitech’s collaboration with MOG gives music lovers access to over 13 million songs, custom radio stations, artist-only stations and more, for a more personalized streaming music experience. The MOG service on Squeezebox is available for download now in the U.S. Subscriptions begin at $5 per month and new subscribers can enjoy a free 14-day trial.
|
|
|
Full View / NID: 39981 / Submitted by: The Zilla of Zuron
|
|
|
FREMONT, Calif. and MORGES, Switzerland, Nov. 7, 2011 — Logitech International (SIX: LOGN) (NASDAQ: LOGI) today announced it will hold an Analyst and Investor Day in New York on Wednesday, Nov. 9, 2011. Presentations will begin at 9:00 a.m. Eastern Standard Time/15:00 Central European Time. The meeting will feature presentations by Logitech executives covering key company initiatives and strategies. A live webcast and replay of the meeting 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.
|
|
|
Full View / NID: 39963 / Submitted by: The Zilla of Zuron
|
|
|
Logitech — Nov. 2, 2011 — Today Logitech (SIX: LOGN) (NASDAQ: LOGI) unveiled the Logitech® Mini Boombox, a compact sound system for music, movies, games and calls that pairs easily with smartphones, tablets and other Bluetooth®-enabled devices. A specially designed acoustic chamber lets you enjoy great sound with enhanced bass, and the handy speakerphone with built-in mic gives you clear calls in the office, in the car or in the back yard. The Logitech Mini Boombox is expected to be available in the U.S. and Europe beginning in November, for a suggested retail price of $99.99.
|
|
|
Full View / NID: 39913 / Submitted by: The Zilla of Zuron
|
|
|
Fremont, Calif. – Logitech (SIX: LOGN) (NASDAQ: LOGI) today announced it has been selected by Avaya, a global provider of business collaboration systems, software and services, for membership in the Avaya DevConnect program. Additionally, several of Logitech’s unified communications (UC) peripherals are now compliant with key UC solutions from Avaya.
Logitech’s enterprise-class peripherals help businesses take full advantage of the communications platforms and solutions they’ve deployed by creating the best possible experience for users. In today’s new anytime, anywhere office, peripherals play a critical function in equipping the modern workforce with the products they need to be efficient and effective in any environment. Logitech UC peripherals—including the B525, B910 and B990 HD webcams; BSP420-M and BSP420 USB speakerphones (US/Canada only); BH870 wireless Bluetooth headset (US/Canada only), BH970 wireless mono DECT headset (US/Canada only) and B530 USB headset —now are compliance-tested by Avaya for compatibility with Avaya one-X® Communicator.
The Avaya DevConnect program promotes the development, compliance-testing and co-marketing of innovative third-party products that are compatible with standards-based Avaya solutions. Member organizations have expertise in a broad range of technologies – including IP telephony, contact centers and mobility applications – helping companies extend the value of multivendor networks and transform voice into an intelligent business application that delivers true value to the bottom line.
As a Platinum member of the program, Logitech is eligible to submit products for compatibility testing by the Avaya Solution Interoperability and Test Lab. There, a team of Avaya engineers develops a comprehensive test plan for each application to verify whether it is Avaya compliant. Doing so enables businesses to confidently add best-in-class capabilities to their network without having to replace their existing infrastructure—speeding deployment of new applications and reducing both network complexity and implementation costs.
“In conjunction with our LifeSize division, we’re proud to have a fully Avaya compliant, end-to-end communications portfolio – supporting our customers from the desktop to the meeting room,” said Eric Kintz, vice president and general manager of Logitech for Business. “Broad interoperability with enterprise vendors is a core component of Logitech’s strategy – we know our products need to seamlessly work with whatever platforms our business customers have deployed in order to deliver the best possible user experience. By joining Avaya’s DevConnect program and testing our UC peripherals, we’re enabling our joint customers to maximize the benefits of their communications infrastructure.”
The Avaya DevConnect program currently includes thousands of software and hardware developer companies, integrators, service providers and customers. Members have created a broad array of innovative solutions tested for Avaya compliance, including natural language speech recognition applications, wireless services, specialized computer telephony integration and reporting capabilities, and applications tailored for specific vertical industries.
Through the DevConnect program, Avaya provides a number of platforms and interfaces for member companies to develop with and enhance.
“Development partners like Logitech help ensure that our customers have access to leading enterprise peripherals—for both the desktop and meeting room—optimized to bring out the best our UC platform has to offer,” said Eric Rossman, vice president, Developer Relations, Avaya. “Together, Logitech and Avaya are equipping the modern workforce with the tools necessary to be successful, and we look forward to continuing to drive interoperability and ease-of-use with our solutions.”
As a member of the DevConnect program, companies have access to a wide range of support from Avaya, including technical resources and training. There are three levels of membership – Registered, Gold and Platinum – each entailing progressive levels of marketing and sales involvement. Free Registered membership is available to anyone interested in designing Avaya-compatible solutions. Gold-level members and Platinum members must meet rigorous Avaya criteria for customer satisfaction, product support, business operations, marketing and sales. Logitech is a Platinum member of the Avaya DevConnect program. For more information on Logitech business solutions, please visit our blog or website.
Membership information and a listing of solutions developed and tested under the DevConnect program are available at www.avaya.com/devconnect.
About Avaya
Avaya is a global provider of business collaboration and communications solutions, providing unified communications, contact centers, data solutions and related services to companies of all sizes around the world. For more information please visit www.avaya.com. For more information on the Avaya DevConnect program, visit www.avaya.com/devconnect.
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).
|
|
|
Full View / NID: 39902 / Submitted by: The Zilla of Zuron
|
|
|
FREMONT, Calif. — Oct. 26, 2011 and MORGES, Switzerland, Oct. 27, 2011 — Logitech International (SIX: LOGN) (Nasdaq: LOGI) today announced financial results for the second quarter of Fiscal Year 2012.
Sales for Q2 FY 2012 were $589 million, up 1 percent from $582 million in Q2 FY 2011. Excluding the favorable impact of exchange rate changes, sales declined by 2 percent year over year. Operating income was $23 million compared to $51 million in the same quarter a year ago. Net income for Q2 FY 2012 was $17 million ($0.10 per share) compared to net income of $41 million ($0.23 per share) in Q2 of FY 2011. Gross margin for the quarter was 33.7 percent, down from 37.3 percent one year ago.
Logitech’s retail sales for Q2 FY 2012 increased by 2 percent, with an increase in Asia of 22 percent, and a decrease in the Americas and EMEA of 1 percent. OEM sales decreased by 17 percent. Sales for the LifeSize division grew 19 percent.
“Our Q2 results are consistent with our expectations and the full-year outlook we presented on September 22,” said Guerrino De Luca, Logitech chairman of the board and acting president and chief executive officer. “As we focus on reinvigorating our product offerings and executing in sales and marketing, we expect our initiatives will begin to contribute to improved performance as we move through the second half of FY 2012.”
Share Repurchase Program
Logitech has applied for an amendment of its $250 million buyback program to enable the future repurchase of shares for cancellation. The amendment is subject to the approval of the Swiss regulatory authorities. The Company has approximately $177 million remaining under the program after repurchasing approximately 7.6 million shares for a total of $73 million during Q2 FY 2012.
Outlook
For Fiscal Year 2012, ending March 31, 2012, the Company continues to expect sales of approximately $2.4 billion and operating income of approximately $90 million. The gross margin for the full year, which factors in the very low margin previously reported for Q1, is estimated to reach approximately 33 percent. Gross margin in both Q3 and Q4 is expected to be well above the full year average.
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 results for Q2 and the Company’s outlook on Thursday, Oct. 27, 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).
# # #
This press release contains forward-looking statements, including the statements regarding anticipated sales, operating income and gross margin for FY 2012, gross margin for the second half of FY 2012, and the impact of our product offering and sales and marketing initiatives on future performance. 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 offerings and marketing activities do not result in the sales and profitability growth we expect, or when we expect it; 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 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; if our operational changes in our EMEA sales region are not completed when we expect, or do not result in the sales improvement in EMEA we expect; the adverse conclusion of one or more ongoing tax audits in various jurisdictions and a material assessment by a governing tax authority that adversely affects our profitability; 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 our Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2011, and the Quarterly Report on Form 10-Q we intend to file for the fiscal quarter ended September 30, 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.
|
|
|
Full View / NID: 39837 / Submitted by: The Zilla of Zuron
|
|
|
Logitech — Oct. 18, 2011 — Today Logitech unveiled the Logitech® Gaming Keyboard G105 and the Logitech® Laser Mouse G9X, specially made for Call of Duty®: Modern Warfare® 3. Ideal for power gamers, the new accessories make it easy and fun to customize your path to victory. The Logitech Gaming Keyboard G105 is expected to be available in the U.S. and Europe beginning in October, for a suggested retail price of $79.99. The Logitech Laser Mouse G9X is expected to be available in the U.S. and Europe beginning in October, for a suggested retail price of $99.99.
|
|
|
Full View / NID: 39740 / Submitted by: The Zilla of Zuron
|
|
|
FREMONT, Calif., Sept. 21, 2011 and MORGES, Switzerland, Sept. 22, 2011 — Logitech International (SIX: LOGN) (Nasdaq: LOGI) today revised its outlook for Fiscal Year 2012, ending March 31, 2012, as a result of a detailed business assessment conducted over the last several weeks.
Based on the current economic environment in mature western markets, and the Company’s current product offering, Logitech expects to deliver revenue of approximately $2.4 billion and operating income of approximately $90 million for this fiscal year. The gross margin for the full year, which factors in the very low margin previously reported for Q1, is estimated to reach approximately 33 percent. Gross margin in both Q3 and Q4 is expected to be well above the full year average.
“Over the past several weeks after I resumed my CEO position, we conducted an in-depth assessment of the state of our business for Fiscal Year 2012 and beyond,” said Guerrino De Luca, Logitech chairman of the board and acting president and chief executive officer. “I am disappointed that our revised Fiscal 2012 outlook is not higher, but we now have a thorough understanding of what needs to be fixed. Our strategy remains unchanged. I expect the initiatives we have put in place to result in reinvigorated product offerings and improved execution in our sales and marketing organization as we progress through Fiscal 2012 and into Fiscal 2013.”
Logitech’s previous targets for FY 12 were sales of approximately $2.5 billion and operating income of at least $143 million. The Company’s previous FY 12 outlook did not include gross margin.
Teleconference and Webcast
Logitech will hold a teleconference regarding its FY 12 outlook on Thursday, Sept. 22, 2011 at 9:00 a.m. Eastern Daylight Time and 15:00 Central European Summer Time. A live webcast of the call will be available on the Logitech corporate Web site at http://ir.logitech.com.
Announcement of Q2 FY 12 Financial Results
Logitech will release quarterly financial results on Wednesday, Oct. 26, 2011 at 10:00 p.m. Eastern Daylight Time and Thursday, Oct. 27, 2011 at 04:00 Central European Summer Time.
There will be a teleconference to discuss these results on Thursday, Oct. 27, 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).
# # #
This press release contains forward-looking statements, including the statements regarding anticipated sales, operating income and gross margin for FY 2012, gross margin for the second half of FY 2012, future product offerings, and future sales and marketing execution. 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 offerings and marketing activities do not result in the sales and profitability growth we expect, or when we expect it; 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; if the sales growth in emerging markets for our PC peripherals and other products does not increase as much as we expect; if our operational changes in our EMEA sales region are not completed when we expect, or do not result in the sales improvement in EMEA we expect; 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 and Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 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)
|
|
|
Full View / NID: 39471 / Submitted by: The Zilla of Zuron
|
|
|
Logitech — September 20, 2011 — With thousands of TV channels and seemingly unlimited choice of shows and movies, getting to the content you are looking for is often a challenge as you navigate among programming guides and juggle multiple remotes to control your home entertainment system. With this in mind, today Logitech (SIX: LOGN) (NASDAQ: LOGI) unveiled Logitech Harmony® Link, a small device designed to hide next to your TV and media electronics and communicate over Wi-Fi® with the free Logitech Harmony Link App for iPad®. Working together, Logitech Harmony Link and the Logitech Harmony Link App let iPad users browse a personalized schedule of their favorite shows, channels and genres to find something good to watch and – with a single touch – turn on all the right devices and tune to the right channel. Logitech Harmony Link also works with the iPhone® or iPod touch® as well as Android smartphones to turn your phone into a universal remote. Logitech Harmony Link is expected to be available in the U.S. in October for a suggested retail price of $99.99.
|
|
|
Full View / NID: 39437 / Submitted by: The Zilla of Zuron
|
|
|
Logitech — Sept. 14, 2011 — Logitech (SIX: LOGN) (NASDAQ: LOGI) today unveiled two new accessories that enhance your tablet or smartphone entertainment experience: the Logitech® Wireless Headset and the Logitech® Wireless Boombox. These latest additions to Logitech’s lineup of tablet-focused accessories let you extend the entertainment experience you love on your tablet, throughout your home and on the go. The Logitech Wireless Headset is expected to be available in the U.S. and Europe beginning in September, for a suggested retail price of $69.99. The Logitech Wireless Boombox is expected to be available in the U.S. and Europe beginning in September, for a suggested retail price of $179.99.
|
|
|
Full View / NID: 39370 / Submitted by: The Zilla of Zuron
|
|
|
Logitech — September 13, 2011 — Today Logitech (SIX: LOGN) (NASDAQ: LOGI) unveiled the Logitech® Wireless Touchpad, making it easy to point, scroll and swipe your way to wherever you go on the Web – and beyond. With multi-touch navigation and intuitive, gesture-based controls, the Logitech® Wireless Touchpad lets you navigate your computer naturally. The Logitech Wireless Touchpad is expected to be available in the U.S. and Europe in September 2011, for a suggested retail price of $49.99.
|
|
|
Full View / NID: 39349 / Submitted by: The Zilla of Zuron
|
|
|
|
....
|
|
; void('');){kind=link}
